- Joined
- Sep 17, 2005
- Messages
- 8,211
- Reaction score
- 4,179
- Location
- Chicago
- Gender
- Male
- Political Leaning
- Libertarian
You must be right because unemployment is at 100% because of the minimum wage... :doh do you bother to think about what you say or do you just assume everyone can be steamrolled like you surely do in bar-guments.
Minimum wages don't exist in the third world. That's why companies go there for labor. If you impose a minimum wage on them (how would you do that, by the way?), then there is no incentive for them to set up their manufacturing base overseas.
Unless, for the sake of society, you are regulated by a minimum wage. :2wave: and amazingly enough, we STILL have businesses operating in this country since the minimum wage was begun in 1938, despite your ignorant premises.
Well, fifty years of empirical literature has proven that minimum wage laws increase unemployment, mostly amongst teens and minorities. Another unintended consequence of good intentions mixed with bad economics. But I digress...
What do you think will happen to these jobs if a minimum wage is imposed on companies operating in the third world?
Basic social studies, that...
You have no idea what you're talking about.