Some Schmo wrote:Excellent article. I've been saying this kind of stuff for a while now.
It's incredible to me how many people think raising wages is a job killer. If people have more money to spend, they buy more stuff. If people buy more stuff, we need more people to service those customers. This isn't rocket science.
You find it incredible how many people think that if you raise the price of something, demand goes down?
Frankly, I'm disappointed more people don't understand that.
I wish there weren't any poor people, and I actually support the idea of helping out those with the least to make sure they have food to eat, a roof over their heads, and access to a good education and health care.
But I think the minimum wage is the absolute worst way to try and provide that help. I recognize the noble sentiments behind such endeavors, and if the nobility of intentions were directly correlated to the success of an economic program then it would no doubt work wonderfully. But the good intentions don't change the actual (logical and predictable) effects. I would only support the minimum wage if I were trying to take jobs away from the poorest people and reduce competition in the job market for more "
desirable" workers.