DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Senate ups wage to $7.25 over two years THANK YOU DEMS!

**cokLoolioli** · 02-03-2007, 12:23 AM

First off, the House hasnt passed the amended bill, so who knows what will happen. BUT, if the Senate version makes it through, i hope it is vetoed. Rasiing the minimum wage is pointless, as almost no one makes it, and those that do are entry level jobs worked primarily by part time employees. Had they simply added tax cuts to offset the cost increases, it might have been a good thing as the effect would be neutral. But, by adding higher taxes for CEOs the balance has shifted back to higher costs for the business, which the result will be higher prices, or less jobs.

Its simple economics, something the neolibs continue to not understand.

02-03-2007, 12:23 AM	#38
cokLoolioli Join Date Oct 2005 Posts 562 Senior Member	First off, the House hasnt passed the amended bill, so who knows what will happen. BUT, if the Senate version makes it through, i hope it is vetoed. Rasiing the minimum wage is pointless, as almost no one makes it, and those that do are entry level jobs worked primarily by part time employees. Had they simply added tax cuts to offset the cost increases, it might have been a good thing as the effect would be neutral. But, by adding higher taxes for CEOs the balance has shifted back to higher costs for the business, which the result will be higher prices, or less jobs. Its simple economics, something the neolibs continue to not understand.
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