[parsifal]

'Does the author discuss any factors which contribute to poverty? "---

Yes. Cheapskate wages paid by greedy employers. I have to go now and return a phone call, but I will try to pull you up some stuff from another book and post it to you. parsy.

[Alan Chapman]

Cheapskate wages paid by greedy employers.

That isn't a cause of poverty.

I made responsible choices in my life. I didn't sqaunder my money. I didn't father any children. I didn't waste away my youth getting drunk and partying. I didn't accumulate debt. I taught myself marketable computer skills by reading books and practicing on my computer. Today I command a nice salary and live comfortably. I didn't get there right away. I had to make sacrifices and work to get there. Anyone can do what I did.

No employer is going to offer to pay me minimum wage or anything near it. Why? Because I'll go work for a competitor who offers me more money.

How does minimum wage destroy jobs? Two ways:

• It reduces the amount of available capital with which to pay people.
• It increases the cost of goods and services, which reduces the demand for those goods and services, which reduces the demand for labor to produce those goods and services.