RE: Dems and long term mistakes.
November 6, 2014 at 7:56 pm
(This post was last modified: November 6, 2014 at 8:06 pm by Heywood.)
(November 6, 2014 at 7:47 pm)Esquilax Wrote:(November 6, 2014 at 12:27 pm)Heywood Wrote: Lets solve everything by making the minimum wage $10,000 dollars an hour.
"Hey I know! If I say a ridiculous thing, the argument will vanish!"
An exaggerated minimum wage highlights the absurdity of believing a minimum wage can solve our social ills. If minimum wages add more buying power to some peoples pockets it has to come at the expense of others. Minimum wage proponents would like you to think they only hurt the bottom line of businesses. This isn't true...minimum wage hurts the bottom line of businesses, but also hurts those whose labor is priced out of the market. Suggesting a $10,000 minimum wage is ridiculous if you are serious about it. Its not ridiculous when its suggested as a thought experiment to highlight the effects of a minimum wage people forget about. This video will explain what I am talking about(Davies makes an obvious error...but over all the video is spot on...see if you can spot his error).
