Ross83 Wrote:
Nov 26, 2012 7:16 PM
minimum wage laws destroy jobs and whole neighborhoods. If the forced wage rate is higher than the marginal productivity of hiring a new employee there will be no job. Period. The wage is not 5 or 7 dollars an hour its is ZERO dollars per hour. That is why there are many whole neighborhoods were no body has a job at all and all the businesses who would hire new comers to the world of actual work have simply moved out or have switched to capital equipment.