National Minimum Wage

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Category:

News & Politics

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• woman
• and
• child

[KelferMookie]

OMG she is smiling so hard lol.... And I seen the candidates answer this question, they are all a bunch of liars. They are all millionaires so they don't give a crap about the average American citizens.

[meadbert]

Minimum wage increases both unemployment and crime. Without a minimum wage, wages adjust to where there are an equal amount of jobs and workers for those jobs. When the wage is increased you end up with more workers and fewer jobs. For minimum wage this primarily effects low wage earners. Teens and ex-cons make up many of low wage earners thus they find themselves unemployed. Teens and Ex-cons also commit a high number of crimes, thus the large numbers of teens and ex-cons increases crime.

[Grunty06]

what does slavery have to do with it?

is it becasue they are black?

i hope you die you racist scum.

[songe55]

4 in 4 is a lot. Like I said, I don't think it will result in inflation. A lot of people are going to lose their jobs though. A lot of companies will simply be unable to hire as many employees as before. It'll reduce production. It'll reduce revenues. I think they've done a good thing, but it's not over. It's a change that's just beginning. They are going to need to watch over this change like a hawk and nurse it into health like a baby. I hope they will deal with it carefully.

[duffusd]

i understand, but a raise of 4 dollars in 4 years? thats not good for the economy, and i'm glad that the min. wage finally went up, but 10 dollars is WAY too much, it will cut in half how much a dollar is worth, so everyone will get like a 50% raise. I can see the min wage going up after 3 terms, but its not going to happen in two without serious repramands

[songe55]

Hmmm... So how do you feel about slavery?

[joemo75]

It's depressing how dumb all of these questions are... Anyhow, anyone with just the slightest bit of economic understanding knows that "minimum wage" laws serve only one purpose - they are used by sleazy politicians to buy votes. Whats more, they have a drastic effect on our economy because minim wage lays kill jobs and/or force prices UP. Either way, the poor get screwed. Furthermore, what right does the government have to come into your business and tell you how to run it? NONE!

[songe55]

I don't think it would cause inflation. Inflation shows up when more money is added to the economy but not value. Instead, I think a lot of people would lose their jobs...and this would be pretty dangerous too. The minimum wage needs to go up, but I do think it should be gradual. Perhaps over the space of several years. I'm not an economist...so it'd be nice to hear someone else's opinion of it.

[songe55]

The difference between the two circumstances is this: the goats are constantly expending all energy in order to keep their equilibrium. The plywood doesn't have to expend any. Of the two therefore, which will survive better when unexpected disasters arrive?

[songe55]

Now imagine the same hillside, but instead of goats, there are two sheets of plywood nailed together at the top. They are leaning on one another rather than pushing one another. They are using one another for support. It is still equilibrium, but it costs much less energy to achieve it. This is John Nash.