(July 8, 2014 at 12:59 pm)Natachan Wrote: The minimum wage here in the US is about where the market would set it anyway. In the long term minimum wages don't decrease poverty, they just increase prices across the board. You could invest in education, charitable organizations, and infrastructure projects and fix the poverty problem much more effectively than artificially raising wages across the board.
Um no. Absolutely not. You have some evidence for this?
Maybe a few really small businesses would need to increase prices. Most places would just make a lower net profit. A company has no right to make "profit" by essentially stealing wages from it's employees.
