Saturday, September 05, 2009

The Case Against Minimum Wage

I have said for years that the minimum wage laws in this country are not only un-American and anti free market capitalism but also hurt the people who they are supposed to help.

Who's working for minimum wage? Unskilled, uneducated,poor,young, etc. These are the people who are the most vulnerable in the job market and they're the ones who are suffering. I don't think it's any coincidence that the minimum wage just went up in July (to 7.25 pr.hour) and teen unemployment has hit an all time record high.

Yes unemployment in general is very high right now (9.7%) but that's not a record. Plus all of these teens are part of that number.

How many of those unemployed teens would take a job for 6 bucks an hour if they could? Well they can't. How about 6.50? sorry it's against the law. 7.15? take a hike buddy.

Just to add on to the drunken rant of getlive last night this is yet another example of how the libs are supposed to be helping the little guy but really they're just helping the big guy and themselves. They say "hey poor people we're looking out for you and forcing your employer to pay you more" but really they're just protecting big business. The big companies can afford to pay their employees a little bit more but their competition (small business) can not.

Of course the lack of competition to big business keeps consumer prices higher than they should be and this also disproportionately hurts the poor but i don't want to get too far away from the original point which is.....minimum wage laws are bad for poor people.

3 comments:

gary said...

Any company that cannot afford to pay minimum wage should just fucking go out of business. Hell, I don't know what it's like where you live but here you would be hard-pressed to find a company that doesn't pay more than minimum wage for even the most basic entry-level position. Even a teenager living with his parents wouldn't accept a minimum wage job.

Rhino-itall said...

gary you're so stupid i don't even know where to start.
I'm not even sure i should address you're idiocy because i don't want to encourage you....

i'm going to consider it and maybe i'll smack you around later if i'm bored.

Getlive said...

I think gary is playing with us. No one can be as stupid as this. He's doing it on purpose now. Unless gary is too good to get a job at $7.25 and would rather eat up my money by sitting on his as all day.