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Obama and Minimum Wage
Message
From
27/08/2008 10:36:25
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
 
To
27/08/2008 09:49:13
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01342047
Message ID:
01342205
Views:
15
>Raising the minimum wages tends to encourage employers to reduce staff and overwork
>those remaining to compensate for the government intrusion into their business.

That's what they always say, but when applied across the board (as by a law, not by a ruling that one shop has to endure the cost) it actually redistributes money to those who don't keep it in their pockets for long. IOW, distribution upwards slows down the economy by moving money out of reach of consumers; distribution downwards boosts sales.

Practical proof that you may remember: GW2B's economic stimulus checks didn't go to millionaires.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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