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To: Tarantulas

IT'S ALL ABOUT THE RIDICULOUSLY HIGH MINIMUM WAGE


3 posted on 06/04/2005 6:59:06 PM PDT by OldFriend (MAJOR TAMMY DUCKWORTH.....INSPIRATIONAL)
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To: OldFriend

Unemployment is a labor surplus. Shortages and surpluses are price phenomena, not supply phenomena. You could have a surplus of BMW's by pricing them at $100,000 each, you could have a shortage of same by pricing them at $10.
Back in my hometown area the Burger King is advertising for help wanted at $9/hr. Unemployment is ~2.7% in the region.


18 posted on 06/04/2005 7:34:38 PM PDT by Gunslingr3
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To: OldFriend

Wow ridiculously high minimum wage??? It's something like five and a half here in NY. Imagine what that is after taxes. It's not high at all.


22 posted on 06/04/2005 7:58:02 PM PDT by cyborg (I am ageless through the power of the Lord God.)
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To: OldFriend

If they paid Americans a decent wage, they'd do the work.


26 posted on 06/04/2005 8:18:33 PM PDT by followerofchrist
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