Comments on: Minimum Wage, Maximum Economic Illiteracy

By: Derek

Derek — Thu, 14 Jun 2012 21:18:15 +0000

I support a rise in the minimum wage to price out illegal labor. Given employers pretending to not know the legal status of potential employees, a higher minimum wage might be a better way to crack down on those who put out the welcome mats for illegals.

By: JP

JP — Wed, 13 Jun 2012 12:25:23 +0000

Why don’t they just make the minimum wage a Bazillion dollars?

By: Larry Gies

Larry Gies — Tue, 12 Jun 2012 23:22:06 +0000

Concise and understandable, Ilana.

By: james huggins

james huggins — Tue, 12 Jun 2012 22:53:23 +0000

Conyers, Kucinich and Jesse Jr. As I ‘ve said before, in politics the scum certainly rises to the bottom. As far as today’s unemployed youth are concerned most of aint worth $10.00 an hour. Th vacant eyed, slack jawed, crack head thugs slouching around with their hats on sideways and their pants hanging below their butts would be hard pressed to get hired by me for 15 cents an hour, let alone $10.00. But that’s all right, most of them don’t want to work anyway. For those that do want to work $10.00 an hour prices them out of the market for their worth. Small businesses hire most of the workers in the economy and this latest piece of government ignorance is just one more mill stone around the necks of American business.

By: My RON PAUL i

My RON PAUL i — Tue, 12 Jun 2012 22:28:00 +0000

The economic illiterates also forget that the $ 7.25 often comes with extra mandated costs such as employer payroll taxes, OSHA compliance, health care compliance compared with 1968. 1968 was also when many less women were in the workplace (tradition and baby boom kids to raise) and when 500,000 men were wasting their lives turning Vietnam into Paradise.

But the illiterates are certainly right that $ 7.25 is not a lot of money if you wish to raise a family including buying a car, a house in a good neighborhood, sending a few kids to private school (plus piano lessons, etc.), owning a vacation house, membership in decent country club, …. – did these economic titans realize that many of these $ 7.25 people are just students trying to get a work resume or exceedingly marginal unskilled laborers who can be replaced by robots (or the work farmed out to Bangladesh??).

The increase in wages will “boost the economy”. This is certainly true if Martians start buying cheeseburgers at $40 each – did these geniuses realize that “the economy” has to PAY those wages!?? Oh golly gee, the $ 10 minimum wage can no longer buy $10 worth of goods anymore!!