Quote:
Originally Posted by Golfingnut
That is just talking points. If you could pay someone more without hurting your business JUST BECAUSE they had more education don't make sense. Before you respond, keep in mind that we already have collage grads working for minimum wage because of the job market.
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No, it is really an understanding of basic economics. Bottom line is which you want - people making a lower wage than you think they should or a bigger unemployment problem than we have now. Underemployment is a real problem but not as big as chronic unemployment worse than the mess we are already in. Every time the government gets their hands in a free market the unintended consequences are overwhelming. Most such efforts fail but are swept under the rug.
We need people to have the opportunity to be successful in a free market environment or the whole thing will crash and burn. Lots of examples and history, most is not good. $15 an hour would be a shock to an already fragile market. As suggested by someone else, I would be happy to provide details and backup on this topic if you like. We need regulation to get out of the way of business and not more in the way. Consider the $15 an hour rule would hurt small business much more than big business (but would hurt all) and that small business is the source of over 80% of new jobs in this country. Inevery economic downturn (which is part of the standard business cycle) low end jobs get replaced with technology and that is where education opportunity comes in to play.
Not a difference of opinion, but of economic fact. I stand by my previous post.