11-20-2004, 12:49 AM
That's partially why I was pointing more toward inflation than unemployment when dealing with minimum wage.
Every time minimum wage has gone up prices have gone up on goods and services also. They always will. Companies will preserve their profit margin, that's why they are in business. The cost of living will always go up when minimum wage goes up, usually by slightly more than wages. Catch 22.
Minimum wage is a band-aid. Saying that I haven't thought up any better ideas doesn't help much either. :) The best advice I can give is for workers to continue training and trying to get better positions and not expect things to just be handed to them.
Every time minimum wage has gone up prices have gone up on goods and services also. They always will. Companies will preserve their profit margin, that's why they are in business. The cost of living will always go up when minimum wage goes up, usually by slightly more than wages. Catch 22.
Minimum wage is a band-aid. Saying that I haven't thought up any better ideas doesn't help much either. :) The best advice I can give is for workers to continue training and trying to get better positions and not expect things to just be handed to them.
The Bill of No Rights
The United States has become a place where entertainers and professional athletes are mistaken for people of importance. Robert A. Heinlein
The United States has become a place where entertainers and professional athletes are mistaken for people of importance. Robert A. Heinlein