Quote Originally Posted by zeake View Post
Oh by the way the government aint got crap to do with it. Minimum wage going up is not a good thing. It means everything else will go up as well and one thing will go down. The value of the one lowly dollar. The best thing going for you is your personality and your brain. Use them together and you can make lots and lots of money.
This is the most sense this thread has made.

Min wage does two things really well, it induces unemployment and it raises the cost the doing business.

That last one has quite a few dimensions to it, since we ditched the "gold standard" in 1933 the value of the dollar has been subject to health of our economy, the dollar is currently worth .004 USD. That should tell you something.

We export less, we end up with less people doing more work for less because business owners have to economize in order to break even and turn a profit.

Also in systems without min wage more people are employed longer and have higher earning potentials because they start earlier and get more expirence.


As a result of that the cost of doing business is reduced, more supply can be made more quickly, and the cost of living goes down.


Socialist systems don't work. Period.