I have to do this for a school project, so if you have any links that could help me, I'd be very greatful!
2007-01-28 10:00:27 · 3 answers · asked by X4san 1 in Politics & Government ➔ Government
Minimum wage laws price people out of jobs. If you have a grass cutting company and you can afford ten minimum wage workers, what will you do if the minimum wage is doubled? You will layoff 5 people. There is also a moral argument to the minimum wage. If I am willing to pay John $5/hour to water the plants around my house twice a week, and John is willing to accept that, then why should the government be allowed to interfere with our voluntary agreement?
Both Thomas Sowell and and Walter Williams have written excellent columns on how ridiculous the minimum wage laws are. You can find them at www.townhall.com/columnists.
2007-01-28 10:39:21 · answer #1 · answered by Jesus Jones 4 · 0⤊ 1⤋
Go to: www.crooksandliars.com and watch Ted Kennedy discuss Republican views on this one.
My state actually pays minimum wage over what they are asking.. and that last reader's comments do not happen where we are.. it's just all smoke and mirrors.. the repubs could care about the working folk...
2007-01-28 19:18:54 · answer #2 · answered by claire_nite 2 · 0⤊ 0⤋
It increases inflation & unemployment. Bad economic policy.
2007-01-28 19:43:55 · answer #3 · answered by yupchagee 7 · 1⤊ 1⤋