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What is the big deal with the minimum wage?
Would someone please explain what the big deal is with the Minimum wage? Arnold singed an increase in the minimus wage and the wingers (that is what I call the archconservatives) are going bonkers. Why is an increase in the minimus wage such a catastrophe? Yes - I understand the economics, a raise in the minimum wage causes an increase in unemployment. But the type of unemployment it creates is jobs that pay less than minimum wage. No other higher paying jobs are lost. Since those jobs can't really sustain a human being to live, what is the point of having them? The types of jobs that are lost are the types of jobs that won't sustain a person, so the person that has them will have to look to the government for assistance anyway. The point is to get them jobs where they won't have to look for the government for assistance. If the job doesn't get the person off government assistance its not worth a damn anyway. So what is the loss if the economy loses such a job?
We use the free market system because it is the best system for creating growth. Not because it is perfect. It is the worst system save the rest. It has problems (like the environment, workers safety etc) so the legal system has to deal with its inadequecies.
As the wealth of society grows what is wrong with insuring that jobs at least pay a living wage? could someone please explain this to me?
Last edited by Spanky; 09-10-2006 at 08:28 PM..
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