occupied
Diamond Member
- Nov 8, 2011
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What should the minimum wage be, and what would the economic consequence be?
You were playing "answer man" so answer the question, man. If it does not effect significant numbers of people then what is the harm in having a minimum wage? It is either a huge burden to be gotten rid of or a minor issue effecting an insignificant number of people, can't have it both ways.
I can have it both ways because I am not advocating for the repeal of the minimum wage. I am answering the question posed in the OP of this thread.
Again, what should the minimum wage be, and what would the economic consequence be?
I am not selling the minimum wage as anything more than a hard bottom that makes sweatshops not quite so exploitative, not as an answer to any of the woes of all workers being underpaid for being the most productive workforce on earth. If you want a number as to what it should be then let's look at where it would be had it been pegged to the economy at it purchasing peak in 1968 where it had $10 worth of adjusted buying power, still a practically ruinous return on an hour of labor.