RE: 2012 Elections results finally in US officially applies 4 Banana Republic status @ UN
January 7, 2013 at 3:46 pm
(This post was last modified: January 7, 2013 at 3:49 pm by BGChuckLee.)
(January 7, 2013 at 3:36 pm)Ryantology Wrote:(January 7, 2013 at 3:19 pm)BGChuckLee Wrote: Well said. Another argument is from the employee's perspective. If I want to work for $5 an hour, why are people stopping me?
I'll ignore the fact that your argument has zero practical value and just remind you that nobody is stopping you from returning the balance of your money to your employer if you feel you're being overpaid.
If you cut out the minimum wage (or keep it so low that it doesn't even come close to constituting a living wage for more than an individual), more people will need more assistance to survive. That's why every Wal-Mart store costs taxpayers almost half a million dollars per year.
And, I don't buy the 'I didn't consent' argument. Nobody is forcing you to stay here and use resources I help pay for. Go someplace where the government isn't capable of interfering with your free markets. I hear Somalia is a libertarian paradise these days. Don't forget your armed guards.
Again, this is what I was speaking about when people oversimplify economics. If you set a minimum wage- that means EVERYONE's required wage goes up, as in- the person farming your food, delivering your food, stacking your food on the shelves- and everything in between goes up in cost. So naturally, the cost of everything goes up with the minimum wage. And what happens in a fiat currency country, all that happens as a result- is more money is printed. So if anything, the standard of living goes down across the board, since you are devaluing currency now too, as well as shacking fists at businesses. So the minimum wage back fires completely, as the previous poster just said. The Government should never pick winners and losers in the market.
You are way off board. I'm against violence, I don't really care what costume you wear, or what flag you are under. Somalia's violence is monopolised by 'private' thugs, rather than state thugs, so it's not my place. I'm just against violence, the government just happens to have a monopoly on violence here.
