chaz wyman wrote:
Anybody who supports minimum-wage legislation is an economic fool, to put it nicely, or a stupid son-of-a-bitch, to put it not so nicely.
Depends on what sort of society you want to live in.
I want to live in a free-market society where the government doesn't stand between the buyer and seller to give an improper advantage to one or the other.
Then you want to live in a world where one person ends up owning everything, and has everyone else do his bidding. We had that type of society already.
It was swept away because of democratisation which re-balanced the economies of the Western World to inject demand at the bottom end.
The fact is that the minimum wage is very healthy for the economy as it feeds demand. What is the point in all that production when wages are too low for people to make demand for all those goods?
If you had more imagination and a primer in economic theory you would know that straight away.
Instead you have swallowed the propaganda from the Rich Right 1%, who demand that, whilst privately urging protectionism for their own industries.
You are typical of the average pig ignorant American - shame on you!