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Reply #9: You're welcome on the reminder. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Nicholas D Wolfwood Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-04 09:44 AM
Response to Reply #7
9. You're welcome on the reminder.
Edited on Fri Dec-17-04 09:47 AM by Vash the Stampede
Those countries might HAVE higher minimum wages, but they didn't get to that point overnight. You have to get there gradually or you bankrupt your economy. Small and large businesses alike will not be able to compensate for the large fluctuation in payroll and will simultaneously raise prices on their products and cut jobs. Then we'll have less people working and the minimum wage for someone without a job is $0/hour. Oh, and because of the vast inflation you've caused, that huge wage increase will mean exactly nothing because the cost of living will skyrocket. Minimum wage increases have to be incremental and small enough in order for the economy to suppress it and not increase the cost of living and the cost of doing business, and thus, not being harmful.

Hey, if YOU can't understand the truth of the situation and YOU want to be disgusted, be my guest. I'll be living here in reality, where it's not feasible to do what you want.
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