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A Minority View: Higher Minimum Wage

FrankMP Wrote: Feb 27, 2013 10:03 AM
Why not fire ALL white people in the name of "Fairness" due to the Emancipation Proclamation having been perverted by white folks since it was signed. Never mind that it was demoncrats who have been the ones responsible for the status quo!

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,...