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Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:21 PM
Only a buffoon confuses parody with a lack of originality (which is why you did it). Had you anything resembling critical thinking you would be able to grasp a basic tenet of economics - the interaction of supply and demand. Contrary to economic ignorance and stupidity, EMPLOYERS DO NOT SET WAGES; they are determined by the same interaction of supply and demand that sets ALL prices. Employers compete for labor in the marketplace, which is why even entry level jobs often pay HIGHER than the legal minimum even during a recession. The implications that employers control the labor market and workers get screwed is so disconnected from reality, no one with a brain falls for such complete idiocy.

Should the federal government make life more difficult for low-skilled workers?

I hope everyone will emphatically say “NO!”

Heck, most people understandably will think you’re crazy for even asking such a preposterous question.

But some of those people will also think that it’s a good idea for politicians in Washington to make low-skilled workers less attractive to employers by raising the minimum wage.

I often ask such people whether they are more likely to buy a Big Mac if McDonald’s raises the price by 24 percent. They say they are less likely.

Minimum Wage Cartoon 2