American Leader says China is an Economic threat!

[Marks]

binary solo said:

Marks said:

 If the US got rid of minimum wage, or at the very least lowered it back to around $5 you would see unemployment virtually disappear. 

Ha Ha Ha. But it would see grinding poverty rise. But what the hell, ideological purity uber alles!

http://www.youtube.com/watch?v=zMMN3UIQmEk

There's a pretty good video that explains the downside of minimum wage. It actually hurts the poor and unskilled workers, it doesn't help them.

But in combination with my other beliefs (like a Negative Income Tax) then lowering minimum wage isn't as bad as it seems.