- Jul 22, 2016
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/----/ " As a poverty program, raising the minimum wage is like killing flies with a shotgun, not very well targeted. About 60% of the officially poor don’t work, so the only thing raising the minimum wage does for them is to make it harder for them to get a job if they ever decide they want one. Workers must bring at least as much value to the firm as they are paid or the firm will fail and all jobs will be lost (no GM bailouts are available to our 6 million small employers that employ half of our private sector workforce). Raising the minimum wage raises the hurdle a worker must cross to justify being hired. " -ForbesHow would raising the minimum wage make the Poor, "permanently unemployable"?I'll make anyone a deal. We end the Federal Reserve and I'll quit sticking up for the poor.
Why should we end the Federal Reserve?
How is making unskilled workers permanently unemployable "sticking up for the poor"?
Higher paid Labor create more in demand and pay more in taxes in every long run equilibrium.