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Reply to "Minimum Wage = Living Wage?"
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[quote=Anonymous][quote=Anonymous]People who know nothing about economics, an the supply and demand of labor prattling on about raising the minimum wage and forcing an arbitrary standard of "living wage". It'll just make goods and services too expensive for the poor to afford. Companies will hire less people and we'll have more unemployment. Only q fool would believe that companies won't lay off people, use more tech and other one time costs to cut down on costs. But then again most of you work for the government and live off the teet of the American tax paying public. [/quote] The minimum wage is supposed to be a living wage. It used to be a living wage. How come it used to be a living wage, and economic disaster did not ensue, but now if we had a living wage, economic disaster would ensue?[/quote]
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