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**cokLoolioli** · 01-19-2007, 08:33 PM

How? Which ones?

I'm going to take a wild guess and bet you're thinking of the minimum wage issue. I've yet to see anything that indicates that the bill (assuming it becomes law) would do anything to harm the U.S..

Its simple logic. If you increase the wages of a business, you increase its costs. It either accepts the cost increase, hurting its profits, or cuts costs, hurting quality, staff, or the consumer, through firings ro price rasies. Furthermore, a wage increase at the low end inflates costs all the way up the chain, making it worse.

The best case scenario is that since very few people make mimimum wage, it will have no effect, so whats the point? There are currently 4 million jobs unfilled in this country, nearly all paying more than minimum wage.

01-19-2007, 08:33 PM	#16
cokLoolioli Join Date Oct 2005 Posts 562 Senior Member	How? Which ones? I'm going to take a wild guess and bet you're thinking of the minimum wage issue. I've yet to see anything that indicates that the bill (assuming it becomes law) would do anything to harm the U.S.. Its simple logic. If you increase the wages of a business, you increase its costs. It either accepts the cost increase, hurting its profits, or cuts costs, hurting quality, staff, or the consumer, through firings ro price rasies. Furthermore, a wage increase at the low end inflates costs all the way up the chain, making it worse. The best case scenario is that since very few people make mimimum wage, it will have no effect, so whats the point? There are currently 4 million jobs unfilled in this country, nearly all paying more than minimum wage.
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