(April 16, 2014 at 10:03 am)Pickup_shonuff Wrote:(April 16, 2014 at 9:50 am)Heywood Wrote: Negative Pickup
A minimum wage will always price some labor out of the market. If you are going to implement or raise a minimum wage you should at least realize that it will hurt some employee/potential employees.
I haven't been duped. The duped are the people who think there are no ill effects caused by a minimum wage.
There are always risks and ill effects in every policy. But there's no statistical evidence that it has much of a hazardous effect in the long run and actually quite a bit of counter evidence. Just look at our history in the US. When the minimum wage was instated and wages increased it helped create one of the most profitable times we have ever had (winning the Second World War helped too). Only since the gap between rich and poor has been growing again has the economy sunk nearly as low as it did during the Great Depression. I say you're duped because unless you're super rich, you're fighting on the wrong side. You should want more equality in pay too unless you're already on the high receiving end.
I think there is a lot of evidence that the minimum wage severely hurt the black community.
And really if you want to decrease the disparity between the rich and poor, don't meddle with the market. Just take money from the rich and give it to the poor through a progressive tax rate that includes negative income tax brackets(although I would do away with brackets and replace it with a continuous function).
