Comments | chemist1225: THINK

chemist1225

THINK

Jan 12, 2007 10:14

Don't RAISE THE MIMIMUM WAGE! I mean honestly, if you are going to raise the minimum wage you must do it marginally, not a massive increase. Thats going to cause the economy to go haywire. Inflation will go crazy. Geez people think. Tax cuts are the best way to go. Everyone says Bush is dumb but he's been pushing for tax cuts for the last 2 ( Read more... )

Comments 13

dogslikeus January 13 2007, 04:02:54 UTC

minimum wage is an employers way of saying "if i could pay you less, i would." minimum wage is not a living wage and a living wage is what we need, josh.

coolcatsrus January 13 2007, 16:37:07 UTC

minimum wage has nothing to do with the employer, it's the government's decision. though you will get paid more everything else in the market will go up as well. So what the point of getting paid more?! Not to mention unemployment will skyrocket as well due to companies having less money to hire people. All this is doing is using force to make employers pay people for less amount of skill while hurting all others.

dogslikeus January 13 2007, 20:36:57 UTC

minimum wage has everything to do with the employer. and employer doesn't pay you minimum wage out of the goodness of their heart; they do it because the government says they have to pay people enough to live.

nothing else in the market is going to go up. you people are fucking doom and gloom about this, but that's really not how it's going to work. think about it; what will stimulate the economy more? tax cuts for rich people who are more likely to hoard their money or tax cuts/better pay for poor people who are more likely to spend their money?

it's really not that difficult.

coolcatsrus January 13 2007, 20:53:24 UTC

See that is where you're wrong. Of course companies are not gonna pay people for more then their skill level is worth, thats how business is! besides the fact that it is morally wrong to increase minimum wage so much it is also economically wrong. The fact is there will be inflation or there will be high unemployment, or better chance there is both. This is shown to be theoretically and statistically true ( ... )

Thread 11

scmawied January 14 2007, 18:56:18 UTC

"Oliver is majoring in neo-Fascism at Colombia."
"Economics."
"Semantics."

chemist1225 January 15 2007, 08:25:06 UTC

well considering this is my lj i should put in my 2 cents. i have a group on facebook for this topic as well. but i have to agree with coolcats and anonymous up there because its true. raising minimum wage but such a vast amount is not the best thing to do. raising it marginally is the best thing to do because the economy will stay stable. by marginally i say raise it 25 cents or something similar to that. anything more is too much. all the reasons you shouldn't raise it by that much was stated above by coolcats and anonymous. raising the minimum wage by that much will only impact the economy negatively. just like tariffs on trade will impact the economy in a negative way. for example about 6 years ago, there was a 100 percent tariff placed on imported steel. what happened? steel prices skyrocketed and we pretty much fucked ourselves over. then we realized, hm... lets not do this anymore. an economist would have never done it in the first place. this is why we need a leader who also is aware of simple economic laws. it ( ... )