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re: State Minimum Wage Bill

Posted on 2/25/14 at 9:19 am to
Posted by lsu13lsu
Member since Jan 2008
11492 posts
Posted on 2/25/14 at 9:19 am to
quote:

A lot of people here criticize raising the minimum wage, as if liberals or progressives think it's a panacea. It isn't, and it isn't supposed to be. But it's still an important piece of social policy that we should be able to agree on.


Raise the costs of doing business means raising the costs of things people buy. It will zero out any impact. When they go to buy something and it costs more their extra money is meaningless. It is also meaningless if they get replaced by an iPad or some other technology because they have become too expensive.
Posted by Monsieur Le Prince
Hôtel de Condé
Member since Feb 2014
18 posts
Posted on 2/25/14 at 12:17 pm to
quote:

aise the costs of doing business means raising the costs of things people buy. It will zero out any impact.


Macro-economics isn't that simple.
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