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To: Gilbo_3; jazusamo; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; NFHale; Impy; ...
RE :”regarding min wage things, how friggin hard is it to articulate that every rise in the min, is essentially a paycut for everyone else, and eventually that McDouble will have to rise in price too, adding inflation to said paycut ???

AHHHH, Grasshopper
Because most people would reply that you SHOULD pay a few more cents for your big MAC to help out some poor black kid who works at McDs whose Mom is on welfare. I know better than to use that argument. Try your arguments with those who dont usually agree with you.

Sowell would say (has said) the the minimum wage is hurting the unskilled worker (the most) who is only qualified for those jobs. In other words it is hurting the poor it claims to help out of compassion. It creates less jobs for them and less opportunity for them to get critical work experience they need to move upward.

That is why Reagan pushed for the earned income tax credit instead of raising the minimum wage.

No one cares if we have to pay more for a Big Mac and fries, or if someone on welfare has to pay more. But how do you get them off welfare if you are killing those jobs?

52 posted on 11/15/2012 5:31:55 AM PST by sickoflibs (How long before cry-Bohner caves to O again? They took the House for what?)
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To: sickoflibs
Because most people would reply that you SHOULD pay a few more cents for your big MAC to help out some poor black kid who works at McDs whose Mom is on welfare. I know better than to use that argument. Try your arguments with those who dont usually agree with you.

maybe so, but most people have no ability or desire to think thru the econ model 101 that is minimum wage...

however, anybody who makes $1 above min, can plainly see his *loss* when the min is raised $.75...

*THEN* youve prepared the soil for econ 101...

53 posted on 11/15/2012 5:44:08 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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