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Must Read: Michele Bachmann's Unrivaled Extremism

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SanFranciscoZionist6/15/2011 5:32:18 pm PDT

re: #148 Martinsmithy

I don’t recommend abolishing minimum wage laws entirely. There is a bottom level at which a wage paid is unconscionable. What that level is, I’ll let someone else figure out.

But it is a well-known economic fact that a higher minimum wage means fewer overall jobs. The attempts by some left-wing economists to debunk this basic economic tenet are feeble, at best.

If a minimum wage is below what is needed for a worker to eat, sleep under a roof, and have health coverage, the question becomes what use these overall jobs are.