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To: Alan Chapman
"To which problem are you referring?"

Letting wage differentials get out of control. Minwage should have been going up all along and taking the lower wages with it. Gov't didn't attend to business and had to step in with subsidies for the allegedly capitalist employers. parsy.

65 posted on 06/16/2002 10:22:37 PM PDT by parsifal
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To: parsifal
Letting wage differentials get out of control. Minwage should have been going up all along and taking the lower wages with it. Gov't didn't attend to business and had to step in with subsidies for the allegedly capitalist employers.

Setting a minimum wage is not a legitimate government function. Government can no more determine appropriate wages than appropriate selling prices. Only an employer and employee can legitimately determine appropriate compensation for services rendered and only a buyer and seller can determine appropriate prices.

What does a government enforced minimum wage do? 1) It decreases the number of available jobs. 2) It places an artificial value on labor which should instead be determined by supply and demand. 3) It increases the cost of doing business and increases prices.

If you are legitimately concerned about employees earning to little I have a suggestion. When you buy groceries offer to pay 25% more for the groceries than they sell for. Tell the store to distribute the surplus among the lowest paid employees.

66 posted on 06/17/2002 2:20:51 PM PDT by Alan Chapman
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