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A Minority View: Higher Minimum Wage

Ben Linus Wrote: Mar 04, 2013 6:31 PM
I stood in line at a Burger King waiting to be served while the manager (probably the owner from looks of things) took orders and handed out food to customers. In between orders he called the next employee on his list and constantly got the same story. . . "When are you coming in? You're late now? I need people to come in. When can you get here? You can't come in any sooner? Okay get here as soon as you can." Click. Kids don't want to work anymore. I begged for jobs like those. I cut grass, painted furniture, delivered newspapers, painted houses, etc. Why work when the gov't pays you to stay home and dependent (aka: slaves)?

In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That would be almost a 25 percent increase. Let's look at the president's proposal, but before doing so, let's ask some other economic questions.

Are people responsive to changes in price? For example, if the price of cars rose by 25 percent, would people purchase as many cars? Supposing housing prices rose by 25 percent, what would happen to sales? Those are big-ticket items, but what about smaller-priced items? If a supermarket raised its prices by 25 percent,...