« The Titanic | Main | "Seething at a President I Helped to Elect" »

Comments

PoliticalGuard

You correctly point out that the minimum wage argument is not an easy one. Minimum wages lead to more income security (even if just slightly) but also leave some without a job (because the increased wage causes businesses to high less then they otherwise would). The numbers seem to show this.

Numbers are important, but they are not the only thing. The increase in minimum wage may lead to increased unemployment but that doesn't happen magically. Business leaders make a conscious decision to hire less because it will cost them more. Some business might even have to do this because this is the only way they can survive. Seems logical.

Then what is the problem? Some business leaders do this, not necessarily to protect their businesses but to protect their million dollar salaries, bonuses, and stock options and those of their upper level manager. More money then any one human could conceivably need.

The comments to this entry are closed.