Ok moron..let a Longhorn explain it to you. This is what the equilibrium market will look like without a minimum wage. Lets assume the current equilibrium price is $4 an hour.
This is what happens when you introduce minimum wage of $5.15 an hour.
OK GOT IT LIBERAL? See the arrows that indicate how many people get the shaft because of your minimum wage? See what happens when minimum wage drops below the equilibrium? I'll tell you what happens, nothing. So there you go...nice colorful pictures..easy to understand...none of that hard algebra to worry your mind.
Either minimum wage does nothing (and helps nobody) or some people get a raise only at the expense of others getting the shaft. So...if your in a union...you get a pay raise...if your not in a union...you get the shaft...see how the entire thing works?
thank you for drawing all the lines. Let me see if I get this: You have a THEORY which says people will lose their jobs if the minwage goes up. You draw lines and show what your THEORY looks like graphically. Then you say this PROVES your THEORY.
Leave aside the fact that several STUDIES, like the one in New Jersey a few years ago, make your THEORY questionable. For my benefit, could you draw some lines for me. Start with an X & Y axis. At some point draw a horizontal line which intersects the Y axis. Let's use 4. Label that line "minwage".(I like your number.) Somewhere above "4" draw a line parallel to the first one. Lets use a variable like "Z" for the point on the Y axis. Label that line "Average minimum cost to live."
Now draw some of those cute little two-ended arrows between the 2 lines. Label that area "What the taxpayers have to pay to subsidize cheap, greedy, stingy, businesses."
Then follow the link to my fair wage primer for some real math. Also see my Nickel and Dimed Thread. Thanks, parsy.