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Kasz216 on 30 September 2011
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spurgeonryan said:
Marks said:
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. 

Did you ever hear of that book about the writer who went for three months and took minimum wage jobs to see if she could live off them? She failed. Any work is good , because experience is golden in this day and age, and no one wants to even give you experience. I am sure the lives of chinese has been made better by having there wages brought up!

A) You don't know what a negative income tax is do you?

To summarize, people making to little money would pay "negative taxes".  AKA the government would give them money.  Which would be a LOT more efficent then the system we have now where only some people get benefits and it mostly feels arbitrary.

B) Middle class people don't have the actual need to act poor... and no amount of made up trying is going to change that.