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"They'll just raise prices if thy raise the minimum wage."
#81
RE: "They'll just raise prices if thy raise the minimum wage."
(April 16, 2014 at 10:11 am)Pickup_shonuff Wrote:
(April 16, 2014 at 10:10 am)Heywood Wrote: Just take money from the rich and give it to the poor through a progressive tax rate
Totally down.

You have to remember that a minimum wage makes it illegal for a person to sell their labor for a price which is less than that specified by the government. Minimum wage is a restriction on an individuals freedom.

I am very sympathetic to closing the disparity between the rich and poor. I just think it is stupid to think the government can close that disparity by monkeying with the labor markets. If they do...some people are screwed.

Suppose for instance you are a hiring manager and you have two applicants that are equal in every respect save one. One applicant just got out of prison for theft. You are forced to pay $10.10 an hour. The ex con begs you for a chance to show that he has reformed his ways. Why should you even consider taking on the extra risk of hiring the ex-con when you have another candidate you feel will do the job equally well?

However if the ex-con was allowed to sell his labor at any rate, the ex-con could agree to work for less....thus compensate you for taking on the risk of employing a known thief who promises he has reformed his ways.
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Messages In This Thread
RE: "They'll just raise prices if thy raise the minimum wage." - by Heywood - April 16, 2014 at 10:57 am

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