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To: period end of story

"No, your right, the minimum wage is wrong.

It basically leads to an increas in the supply of labour, i.e. an increase in unemployment, particularily for older unskilled workers.

But when you have a flood of illegals putting downward pressure on wages, you alter tha labor market in favor of businesses looking to hire low wage workers.

Take away the illegals and wages would tend to equilibrium.

Whew, some of the old university economics coming back to me."


yep


217 posted on 11/08/2006 8:37:28 PM PST by Checkers ("...(play) outside in the sun all day...or...sit at your computer and do something that matters.")
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To: Checkers
AND DO NOT EVER FORGET THAT EVERY MAJOR UNION CONTRACT IS TIED TO MINIMUM WAGE!

EVERY TIME THE MINIMUM WAGE GOES UP

SO DO THE UNION WAGES

BECAUSE THEY ARE WRITTEN SO THAT THE UNION WORKERS MUST MAKE A CERTAIN AMOUNT ABOVE THE MINIMUM WAGE {varying with each union }

SOMETHING THE DEMS MUST PUSH THROUGH AS PAYBACK!

AND AS A MEANS OF KEEPING THEIR VOTING BLOCK HAPPY!

Minimum wages go UP.....Union workers get RICHER!

219 posted on 11/08/2006 8:43:20 PM PST by Republic (John Kerry should be impeached!)
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