In response to:

Obama’s Minimum Wage Plan

Frank130 Wrote: Feb 18, 2013 9:18 AM
"The main finding of economic theory and empirical research over the past 70 years is that minimum wage increases tend to reduce employment." -Exactly! If you want to see an economic boom & bring back manufacturing to the USA, get rid of the minimum wage laws, most of the rules & regulations & lower taxes (including repeal ObamaCare). The more the central economic planning becomes via big government, the more inefficient the economy becomes. Instead, let the "Invisible Hand of the Free Market" work its magic.
Daddio7 Wrote: Feb 18, 2013 10:30 AM
During the Great Depression almost half of the population lived on farms. They could at least grow or find enough food to keep from starving. Today without money 95% of the population will starve. Hungary people are dangerous! To get less government we will have to have more government first. To give everyone a job automation will have to be reduced, most imports banned, and millions relocated to where workers are needed. Just ending welfare, food stamps, unemployment insurance, and the minimum wage will not create any jobs, just tens of millions of homeless, starving people.
kenneth416 Wrote: Feb 18, 2013 11:52 AM
Daddio7, you may be on to something here. If we banned computers, for example, and required people to do all mathematical computations with old-fashioned paper and pencil (no ink), just think of all the jobs which would be created, making paper, pencils, etc. And the sales clerk at the store would actually have to learn how to make change!
FletchforFreedom Wrote: Feb 18, 2013 3:49 PM
Daddio7, you might have something there ... and it might be malignant; see a doctor. Or simply look up "Luddites" on Wikipedia and make the connection. There has NEVER been a time in all of human history when automation or imports increased unemployment. It's been disproved EVERY time its been examined. It is actually impossible for these things to increase unemployment.

And no sane person is concerned about any revolt of "Hungary" people (what problem do you have with Hungarians?). BTW, fire your incometent fact checker (again) - in 1930 less than 25% of people lived on farms.

Economic research has only a tenuous relationship to economic policymaking in Washington. President Obama’s new proposal to raise the federal minimum wage from $7.25 to $9.00 is a case in point. It would bad for workers and the economy, but the administration seems to be ignoring the large body of theory and evidence on the issue.

Labor economist Mark Wilson discusses the economics of the minimum wage in an essay on Downsizing Government. Here are a few highlights:

There is no free lunch when...