Minimum Wage Laws Increase Unemployment

This is my attempt to prove an outlandish theory I have. Please view and comment with your opinion. Tell me if it changed your view, tell me if you think I'm totally wrong, tell me if I missed a simple point. Please start a conversation and debate amongst yourselves.

Category:

Education

Tags:

• minimum
• wage
• unemployment
• government
• libertarian
• economics
• education
• debate
• wrong
• whiteboard

[stealthgerm]

how does minimum wage laws work in europe. germany is dioing much better then usa.

[Libertarianization]

@stealthgerm minimum wage is one of many factors.

[Unemployedbums]

Gov't to protect private property. Man in the end libs are just hypocrites like the rest. fuck the gov fuck the gov fuck the gov. Oh wait. We need the gov so some pirate doesn't take everything I own. so I support that, but just that. but no social programs.

wTF give me a break. It won't work. not with over 4 billion people on the plant. Just a recipe for Exploitation of the uneducated and weak or handicapped (meaning mentally too) by rich tyrants.

[Libertarianization]

@Unemployedbums I do not believe we need a government. So your argument is invalid. However, i would prefer you stayed on topic and addressed the issue presented.

[Unemployedbums]

yeah pay for government to protect private property.  Listen to what you are saying. You are saying pay some poor kid peanuts to protect rich property, and he ends up paying with his life then is easily replaceable. I will never back this cold selfish philosophy never.

That isn't freedom bro. It is exploitation. Think about it chief.

[Libertarianization]

@Unemployedbums I am saying 2 people can voluntarily accept a wage without government force saying an unskilled worker (not worth minimum wage) is not allowed to work or that an employer cannot hire an unskilled worker for cheap. People can voluntarily decide what their wages should be.

[xexixk]

@Libertarianization BTW I don't have any desire to return to the conditions of 1900, which is exactly where we would end up at. If thats a person's idea of "freedom" then they can keep it.

[Libertarianization]

@hapz3000 its not about alternatives. It is that he initiation of force is morally wrong.

[Libertarianization]

@xexixk I don't defend employers. I just feel that the force of government should not be levied against them, just as it shouldn't against employees. High wages are great when everyone has jobs. When they don't, it is not a good system.

And besides, if I'm an unskilled employee (not worth minimum wage) it is literally illegal for me to work. That is very bad for the employee.

[xexixk]

@Libertarianization May sound nice on the pages of an Econ 101 text book but quite interesting how it doesn't seem to work out that way in the real world. Didn't work out like that years ago before the minimum wage and isn't going to now. All that happened is you had loads of employers paying crap wages and your choice was to take one of those jobs or starve. There's a reason the minimum wage law was created and it wasn't to be mean to these "poor" employers you defend so vigorously.

[hapz3000]

@Libertarianization . the min wage came from inflation and great profits from businesses and employers are more than happy to pay a min wage..why do libertarians come in complaining for employers..if they are small and are struggling the profit and loss statement will show this and the gov will give them a tax credit to help them. employers dont need libertarians shoving alternatives down their throats. all min wage workers have equal learning skills because the jobs are simple

[hapz3000]

@Libertarianization as a businees owner you should know that the guy who quit doing 10 units because his pay went down to $8 dollars can be replace by a worker who will do 8-10 units for $6 dollars in fact create the whole model as $6 per hour we expect 8-10 units..its called a quota!