Some guy the name Bob Unz has made the claim that a $12 / hour would be a good idea and that “the best way to help low-wage is to raise their wages”. Additionally, President Obama has made the claim that there is no solid evidence that boosting the minimum wage harms jobs.
Now, thankfully Obama has failed to supported that statement. But, nevertheless, this statement is blatantly false in every sense of the term. However, the bad ideas have been made and there is only the need to, yet again, demolish the arguments that I have seen.
If a minimum wage is a good idea, then a minimum wage of $1000.00 is a really really good idea. This would mandate approximately 2,080,000.00. Hell, we would all be millionaires. However our reductium ad absurdum example would tell us that it would be a blatantly retarded idea. It just would not work, at all, in every sense of the matter.
Also, with a more moderate minimum wage would cost jobs. It is better to work at a shit job for shit wages when an employee is doing a menial job, that not working at all. Perhaps the employee is not really worth any additional work or income. Let’s accept the hard cruel reality that some people are working the highest they can demand, for whatever reason, and by forcing an employer to make a choice between keeping the person that they have been employing and losing that dead-weight for a better prospect. Perhaps the best option is to lose the dead-weight and hiring someone else.
Additionally, perhaps the employer is only able to pay a nominal wage, and cannot afford to pay anymore. Then we have some unrealistic swinging dick that claims that everyone should higher wage. The employer is faced with letting an employee go, and attempting to make do with the employees they have.
However, I subscribe to the idea that the people know what they need to pay. And we should just let the economy run itself. We have always, ALWAYS, been messing with the economy in one way or another, ever since the existence of the United States Postal Service. Why don’t we allow the businesses to run themselves, for a change.