9 votes

How The Minimum Wage Is Not Only Unfair, But Is Also Actually Hurting The Economy

Does the Minimum Wage Hurt Workers ?


http://youtu.be/Ct1Moeaa-W8

... and by the way,

Why Not Print More Money ?

Because it's a VERY BAD IDEA when one forgets what is money :

http://youtu.be/ZkyBnaYCUhw

and here's How Cronyism is Hurting the Economy :

http://youtu.be/gSgUENZ9O94

Check out some other nicely educational content at :

http://youtube.com/user/LearnLiberty




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I'm intending to make the argument that increasing the minimum

wage hurts low-skill workers by drawing other workers out of slightly higher-wage jobs into the minimum wage market, increasing competition for a dwindling number of these jobs.

Has anyone else made that argument?

Potential Annualized National Debt Allowance - a look at 40 years of PANDA next Pandaline - weekdays central time

Another Good Video

Walter Williams - Good Intentions
Minimum wage starts around 8:40 mark but I suggest watching the whole video only 30 mins long

http://youtu.be/L5TS8QUJWXo

State Price and Wage Controls are Distortive

Any time the State sets out to control prices and wages, they distort the free market. The best way to diffuse price and wage problems is to free the market completely, and decentralize money totally.This way, with freedom of labor and movement people can begin more businesses from home, and set prices according to real market forces and not distorted ones brought on by the political class.

Read more, ignore the State more: http://agoristbookclub.org

The Vote for Nobody Campaign | http://anti-politics.ws

I think that 98% of the

I think that 98% of the workforce is paid more than the minimum wage? Meaning that the minimum wage is really only affecting 2% of the population.

Moreover, everyone says that the problem with this economy isn't the simple lack of jobs; everyone's McDonalds and Carl's Jrs is hiring. It is the lack of jobs that paid what was being paid before.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Are you kidding?

Only 2% of the economy is at minimum wage? What part of the country is your view isolated to? I just took a google maps virtual tour of my small midwest town and took note of the various jobs at the various stores and factories. I would say that it's closer to 25-30%. I have close family members looking for work in many of these jobs and others that work in them now. Of our 6 kids and their spouses and friends (maybe 30 people total), every one of them knows when another one gets a raise before the minimum wage catches back up to them.

There is a difference between

There is a difference between anecdotal, personal evidence and statistics taken over a very broad sample size.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

5.2%

Together, these 3.8 million workers with wages at or below the Federal minimum made up 5.2 percent of all hourly-paid workers.

http://www.bls.gov/cps/minwage2011.htm

Freedom in our lifetime! - fiol.us

Yea, my current part time job

Yea, my current part time job pays $.25 more than the minimum. I still dont think its worth it, but I am thankful I am not stuck there permenantly as I will find a proper engineering job some time I hope.

To climb the mountain, you must believe you can.