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Mandated Wages and Discrimination

Sport-N-Wood Wrote: Mar 06, 2013 4:09 PM

It has been proven over and over again that putting money into what you Lib-A-Tards call infrastructure, is just your pocket before any thing else. Public Education is a joke, one can learn more on their own than in Public school. Food subsidies serve no other reason than to make you Tards feel better. So I tell you what you pay 25% more for every thing you get and I will keep my extra quarter on the dollar and get the same service at a fair price.

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Mandated Wages and Discrimination

Let's work through an example. Suppose 100 yards of fence could be built using one of two techniques. You could hire three low-skilled workers for $15 each, or you could hire one high-skilled worker for $40. Either way, you get the same 100 yards of fence built. If you sought maximum profits, which production technique would you employ? I'm guessing that you'd hire one high-skilled worker and pay him $40 rather than hire three low-skilled workers for $15 each. Your labor costs would be $40 rather than $45.

Suppose the high-skilled worker came into your office and demanded $55 a day....

Related Tags: Racism Discrimination Jobs and Economy Minimum Wage