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Thomas Humphrey

in recovery,

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what should minimum wage be?

i believe there is a gross imbalance of wealth in this world.

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    Mar 1 2013: The minimum wage need sto be high enough to encourage people to get off welfare but low enough so that employers can afford to pay their employees. You can't change one without the other. Maybe the question should be what is the ideal ratio of available welfare to minimum wage?
    The implication being that if minimum wage is zero then welfare must be also be zero which has its own implications regarding homelessness and crime rates.
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      Mar 1 2013: The minimum wage simply drives the jobs out of the area that it is imposed the business owner either does with fewer employees or goes off shore.

      This is particularly hard on workers with no experience as the employer cannot afford to pay the higher wage for no skill. Entire areas become experience a dearth of jobs where there is no skill.

      Davis Bacon is another area where enforced minimum wage causes jobs to be exported from the area.

      This is not theory this is where the rubber meet the road, (an American saying) and how minimum wage REALLY effects the economy.

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