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To: A. Pole
ARe you against speed limits on highways? They are set at some arbitrary number.

A speed limit is not a price. A wage is. That is a crucial difference. Basic economic theory, confirmed by extensive empirical analysis, states that arbitrarily set prices create shortages and/or surpluses.

Specifically in this case, arbitarily high wages create unemployment. If businessmen are forced to pay more for certain workers, they will make do with fewer of them. Other businessmen who would have expanded and hired more will now choose not to do so. An arbitrary wage floor will benefit some workers with higher pay, but they also hurt others by denying them employment. This has been confrimed by countless empirical studies.

How can a policy that denies wokers the ability to secure a job be considered just?

78 posted on 02/05/2007 10:39:09 PM PST by curiosity
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To: curiosity
I agree with you. Though I consider A. Pole to be using an apples and oranges comparison.

The speed limit is based on physics. Enough energy and anything can be destroyed. A. Pole is using the physical world to contrast against something that only humans recognize, that being monetary value.

If I give bear a liter of solid butter and a liter of solid gold, we all know the bear will eat the butter. I do the same with a human and tell them only one can be chosen, the gold is taken. Apples and oranges....

What I especially like is your concise and to the point message versus A. Pole just using religious dogma of a man that was against what this country is supposed to stand for.
105 posted on 02/13/2007 1:09:39 AM PST by 4KennewickMan2Invent (Thinking is a good endeavor. Not thinking is the worst thing imaginable.)
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