(July 12, 2012 at 5:37 am)Tiberius Wrote: Abolishing the minimum wage increases employment, which is probably why Romney wants to do it.
http://www.cato.org/publications/policy-...-wage-laws
I guess that may be why Romney wants to do it,but then,he's an idiot.
Jobs are created by demand. Higher paid workers create demand and therefore more jobs. (not to mention pay proportionately more taxes)
Australia does not sodomise its workers as does the US. However, we have one of the healthiest economies and are the fourth wealthiest nation on the planet..(the US is 16th)
Here our tax threshold is $18000 PA.