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To: gogeo

No question that some people will lose jobs when the $15 wage goes into effect.

However, most of them will be lost from businesses that were designed to run on cheap foreign labor.

There will be dislocation and pain.

Then, smarter and more creative entrepreneurs will step in and start producing the same products for a profit.

Adjusted for inflation, the minimum wage has gone down for 40 years.

But, adjusted for inflation, the cost of energy, taxes, insurance, and government regulation have doubled or tripled.

Somehow, business owners adapted to those new costs.

They will adapt to the new cost of labor, also.


88 posted on 06/01/2014 10:22:11 PM PDT by zeestephen
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To: zeestephen

I agree with some of what you have posted. But I really am getting a kick out of all the hand wringing from all the “free marketers” here.


99 posted on 06/03/2014 1:52:51 PM PDT by roofgoat
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