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Forum Post: Get Rid of the Minimum Wage Law...

Posted 1 year ago on June 19, 2012, 7:34 a.m. EST by commonsensefolks (-55)
This content is user submitted and not an official statement

It's a detriment to society and raises unemployment:

http://www.youtube.com/watch?feature=player_embedded&v=ca8Z__o52sk

7 Comments

7 Comments


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[-] 2 points by TrevorMnemonic (5827) 1 year ago

Or just end the fed and create a monetary policy and tax system that works for the middle class instead of the 1% and the big banks.

CEO's are bleeding this country dry. Instead of lowering minimum wage, let's lower maximum wage which is currently set at unlimited.

[-] 2 points by hchc (3297) from Tampa, FL 1 year ago

Thank you.

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago

graduated income tax would create a soft cap

in that those that make more money would still have more money after taxes

then those who don't make more money

[-] 2 points by jrhirsch (4714) from Sun City, CA 1 year ago

The current minimum wage $7.25 an hour, put in effect in 2007, is now equivalent to $6.54 due to inflation. In another three years it will be worth less than $6 an hour. In fact all of our wages buying power is declining. You need to ask for a wage increase just to keep up with inflation. The company you work for has raised their prices because of inflation. Why haven't they raised your pay too?

So the real minimum wage as well as other wages continue to fall. Why isn't unemployment also falling? .

[-] 2 points by writerconsidered123 (344) 1 year ago

you just want to hire a hooker for 25 cents then expect change

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago

it's called private contracting

Forbes tells me to deliver newspapers to 600 houses

I can't do that in 6 hours

but since they pay me as an "independent contractor

they're willing to let me take 8 and make less than minimum

,

the government penalized my unemployment benefits for not taking a job that payed less than minimum wage

[-] 1 points by francismjenkins (3713) 1 year ago

Is that the extent of your economics background, one Milton Friedman youtube video? You guys should form a club, the intellectual midgets of America.