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To: RebelYell1990

It is simply a fact of physics that if a product costs more, there will be downward pressure on the demand for that product, no matter what it is. If you argue this isn’t the case for labor, then you have to argue the possibility that nothing in the economy makes sense. Hopefully you aren’t arguing that there is zero correlation between the minimum wage and the employment of teenagers, are you? Because that would be ludicrous.


5 posted on 07/26/2009 2:51:30 PM PDT by FastCoyote (I am intolerant of the intolerable.)
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To: FastCoyote

Look, you can keep spouting your nonsense, but it simply doesn’t correlate to unemployment numbers of the last half century. I have two good friends working for minimum wage right now, I have been employed for more than minimum wage, so you are wrong on a second count as well. A business should always be able to pay a decent wage to employees.


7 posted on 07/26/2009 3:03:05 PM PDT by RebelYell1990
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To: FastCoyote
What creates a sustainable increase in low-skill wages is a continuing increase in technology.

It is not worthwhile to pay somebody $5/hr to produce $4.50 worth of product, but it IS viable to pay somebody $8/hr to babysit a machine that cranks out $20 worth of product.

8 posted on 07/26/2009 3:06:04 PM PDT by PapaBear3625 (The problem with socialism is that you eventually run out of other people's money -- Thatcher)
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