Hey, thanks for explaining economics so lucidly. You have obviously given this a lot of thought. Could you help me out with one more thing that has been troubling me, I would like your help in understanding this. Why is the earth flat?
Seriously, please read up on the Bell-shaped curve and how it affects economics, in this case the minumum wage. You remember this from school, right? You can alter this curve but you never get the results you expect, even with the best will in the world. All you do when you raise the minimum wage is chop off the first rung in the ladder of success, making it harder or impossible for those without family or connections or education to get their first job and start working on their resume. Why do you think making it hard for people to get their first job is good public policy?
Thanks for the cynicism...why don't you learn some manners....then maybe we can talk.
As far as WMT caring about 'good public policy'...they are a business, not a social welfare agency, first job training program or economic think-tank...they exist to make money for their shareholders. If raising the minimum wage in their estimation makes them more money, like any well run business I would expect them to be in favor of it.
I'm tired of reading Walmart bashing posts from people that think that Walmart exists to further the public good ror provide some social safety net.
Hey, thanks for explaining economics so lucidly. You have obviously given this a lot of thought. Could you help me out with one more thing that has been troubling me, I would like your help in understanding this. Why is the earth flat?
I guess that wasn't you, right?