But if wages go up across the board, then prices can too. Better than the poor and middle class using 29.99% credit cards and being on gov’t assistance.
parsy, the deep thinker
parsy, the deep thinker
I appreciate your deep thinking. You have made my point very succinctly. By raising the minimum wage you force more people out of employment and on to government assistance and 29.99% credit cards. And they can buy even less because prices are higher.
Higher prices mean people can consume less. If people consume less goods then less goods are produced. Even better, higher prices for American made products coupled with our ridiculous trade policies help channel more money overseas where wages are lower. That way we help raise the standard of living of other countries at our expense. A fabulous example of this was during the last economic boom China was outsourcing jobs to Southeast Asian countries.
"There. Read that!"
It feels like intellectual laziness. However, Peter Schiff wrote a very good piece about the minimum wage and he explains it much better than I can. Of course, I haven't made the millions of dollars that he did correctly predicting the tech bubble and the housing bubble bursts.
Minimum Wage, Maximum Stupidity
Please do me the courtesy of reading this, as I read many of the links you posted regarding tort reform.
You don't have a soul. You are a Soul. You have a body. - C.S. Lewis
Go away, farcy, you limp wristed lefty dweeb. You’re not a conservative and never have been. Freaking liar.