Minimum Wage Increase - Surely You Jest

[TheMastersNemesis]

To the GOP any talk of an increase in the minimum wage is a joke. A minimum wage is over regulation of business. We shouldn't have one. The "free market" is the only way to set wages and benefits. People will only take jobs that pay better. Don't you all on DU get the logic?

Labor laws kill jobs and profits. Get rid of all those nasty regulations and there will billions of new jobs. There will be a tsunami of new investment.

[Downwinder]

1. There was a study several years ago.

The conclusion was that every locale that had increased the minimum wage had experienced an economic boom.

Workers had more money to spend, the higher wage attracted more people to the area, and businesses had more customers.

[RedStateLiberal]

2. Hell, why pay people at all?

Just give them credits for the company store. They'll load 16 tons and see what they get.

[Downwinder]

3. What they get.

Bisbee Deportation
http://en.wikipedia.org/wiki/Bisbee_Deportation

[RedStateLiberal]

4. Damn, and I thought another day older and deeper in debt was bad enough.

I didn't even know that happened. Thanks for the link. I learn something new every day on DU!

[Egalitarian Thug]

5. You betcha. And don't forget the billions of new jobs that will appear once this whole globalism

thing really takes off.
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(for the shell shocked that can't tell the difference anymore)

[Teamster Jeff]

6. Everybody knows that if the minimum wage is raised..

90% of all businesses would fold, the economy will crash and we all will be speaking Chinese within a year.

[Downwinder]

7. And conventional wisdom said the world was flat.

[4th law of robotics]

8. Seems to me that the easiest way to refute that

would be to commit to raising it slowly every month.

That way we could always halt increases if they're shown to actually hurt the economy but it's never fast enough to really cause any sort of upset and people/companies can adjust accordingly.

Confusion hurts the economy sure. Or unevenly applied standards. But regular predictable increases for everyone shouldn't.