The Minimum Wage Causes Unemployment (Part 2)

The Effect of Minimum Wage Increases - http://tinyurl.com/r5evcm

Category:

News & Politics

Tags:

• minimum
• wage
• unemployment
• socialism
• capitalism
• politics
• low
• skilled
• workers
• economics
• supply
• demand
• jacob
• spinney

[reevolutionable]

Why the don't we just mechanize everything that can be and just get rid of money?

[Bamma1985]

first question is what is in denmark and it works, the rest is outsourced

[FrankiePoker]

@mirandaluc You might find some small firms and labour intensive companies are not able to enjoy what might be the charity of a living wage because eventually they would go out of business. So what would be better, you get a 'living wage' then lose your job because the company was bankrupted or work on a lower wage and the company continue. And in addition does 'society' benefit from a firm that gives them goods and or services going broke ?

[mirandaluc]

increases in the minimum wgae does not increase overall unemployment rates. Thats just rediculous and the reason bussinesses pay minimum wage has nothing to do with worker productivity but everything to do with the law!! Its just another attempt by some to deny hard working people a fair wage for their work in order to maximize their profits. Its totally exploitive. They pay their top execs multi million dollar compensation packages but refuse to pay their wokers a living wage!!!

[wallstreetatheist]

The grammatical correction was unnecessary. You were grammatically correct the first time with the substitution of "which" for "who." "Portion...needs" is correct.

Syntactically correct sentence: Not only does the minimum wage cause unemployment, it causes unemployment for the lowest skilled portion of our population which needs jobs the most.

[ironmantis25]

I skimmed through that article,and the only negative effect the minimum wage have is a slight raise in teenage unemployment. 4.6 to 8.8% decline, which is not alot. Only teenagers, most of whom are still in high school and living off their parents Because of this teenage umeployment is not of concern, there is no reason to eliminate the minimum wage over this slight decline.

[MassimoDiIorio]

this guy's right. Fuck the minimum wage, there would be so many more jobs available if employers were allowed to compete for the massive base of potential employees currently available. Precisely because of what this guy is saying.

What these poor filthy middle-american pieces of shit don't realize is that deregulation is the solution to their unemployment/poverty problems. The instant gratification of a higher minimum salary, as mandated by the government, is not the solution in the long term.

[fringeailments]

fuck business you right wing filth.