To: zencat
Amen. The argument is old and discredited. The last time I took it with an serious consideration was in my mid-teens. Even then, it only took a few minutes to understand how wages laws are misguided.
Making anything more expensive almost invariably leads to fewer purchases. That includes labor. Every one of us would be "unemployable" if our pay rates were raised high enough.
9 posted on
04/30/2005 5:04:44 PM PDT by
Jaysun
(People who enjoy meetings should not be in charge of anything - Thomas Sowell)
To: Jaysun
"Every one of us would be "unemployable" if our pay rates were raised high enough." Exactly. When I argue this point with a nitwit, I ask why we just don't raise the min. wage to $5,000 x hour so everybody could be rich? (Some people actually think that's a great idea, but there aren't enough dollars to make it workable). Most people see at least some of the downside at that rate. Just keep cutting it in half ($2,500? $1,250?). The intellectually honest person will see your point. The dishonest are not worth continuing the discussion.
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