RE: 2012 Elections results finally in US officially applies 4 Banana Republic status @ UN
January 7, 2013 at 3:36 pm
(This post was last modified: January 7, 2013 at 3:45 pm by Ryantology.)
(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.
Quote:Of course, the more money the better, but when the government sets a minimum wage, it just restricts companies (especially smaller businesses) from hiring people.
If a CEO is average, he or she is making 10 million dollars a year. Clearly you have no shortage of companies which can afford to hire a few hundred more people. The Waltons are worth almost $100 billion. Why can't Wal-mart pay workers a living wage? Why do they cut hours and benefits every chance they get? And, this is, of course, typical behavior for large corporations (and it's the small business owners who often have to subsidize it, when the Wal-marts of the world aren't consuming them like Pacman pellets, that is).
You can say what you like about socialism, but unrestrained capitalism is destructive for everyone who isn't on top, and the evidence is all over America.
