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Old 08-10-2006, 10:08 AM
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Mistress Mistress is offline
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Join Date: Apr 2006
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Quote:
Originally Posted by Brian Carlton View Post
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.
Nasty little Catch 22 eigh?
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