binary solo said:
Ha Ha Ha. But it would see grinding poverty rise. But what the hell, ideological purity uber alles! |
Neither argument is really true.
Unemployment would likely lower for some jobs that get created that are below current standards... But there wouldn't be a gold-rush to low wage fields. Likewise, those that take these jobs aren't likely part of that 'grinding poverty' tier. Most places in America, you can get hired for minimum or near minimum wage, but people simply refuse to take those kinds of jobs.
Of course, such a reduction in minimum wage would likely help others out - when wage laws rise, so does the cost of goods and services that usually effect those in poverty, so it'd likely be a net benefit for society, but certainly wouldn't be a fix-all.
Back from the dead, I'm afraid.
