
08-10-2006, 10:08 AM
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No crying in baseball
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Join Date: Apr 2006
Location: Inside a vortex
Posts: 626
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Quote:
Originally Posted by Brian Carlton
Before your time, there was a lengthy thread on the mimimum wage. There is an agrument, one that I don't ascribe to, that suggests raising the minimum wage will leave all people currently employed at the minimum wage.......unemployed.
Why?
Because the employer cannot afford to pay such people more than the current $5.15 per hour and, therefore, he would lay them off. If they are not worth $6.65 per hour, then the employer won't pay them $6.65 per hour.
As I mentioned, I don't agree with this theory and it's the subject of another, lengthy, and interesting thread.
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Nasty little Catch 22 eigh?
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"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL
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