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To: Red Jones
The fall in real dollars is a good thing. It allows employers to pay inexperienced workers at a rate closer to what they deserve and keeps him from wasting money for nothing. The ideal would be no minimum wage at all, allowing people with next to no skill to be employed and get a start in the workforce instead of being shut out by an economically nonsensical minimum wage.
10 posted on 02/04/2003 8:38:35 PM PST by aruanan
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To: aruanan
The fall in real dollars is a good thing. It allows employers to pay inexperienced workers at a rate closer to what they deserve and keeps him from wasting money for nothing. The ideal would be no minimum wage at all, allowing people with next to no skill to be employed and get a start in the workforce instead of being shut out by an economically nonsensical minimum wage.

If you were just a regular person and wanted a job in 1965 you had a much easier time finding a job than today. Unemployment has been elevated at historically high standards ever since 1970. So, your argument just doesn't really work. I won't say that a high minimum wage causes low unemployment. But back then we had a higher minimum wage and lower unemployment. So, there must be other factors at play. Bad things have happened to our economy and our unwillingness to keep the minimum wage in line with inflation is merely a sign of that.

We are also planning on actually cutting social security payments to the elderly poor within just 5 years or so from now. We've also made dramatic cuts in medicaire just in the last 2 years. These are also signs that our economy is simply losing it's ability to support our people on a collective basis.

People who gloat over bad economic times and trends are people who are in love with evil. Repent, the time is near.

12 posted on 02/04/2003 8:49:52 PM PST by Red Jones
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