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Higher minimum wage will kill entry-level jobs and economic growth
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The optimum for quick economic growth is ultra-cheap labor sweated to exhaustion, monopolistic pricing, low taxes, and government limited to suppressing a proletariat that resembles what Karl Marx saw. After a spurt of economic growth the order becomes uncreative, and the economic elites continue their abuse and degradation of people not among them. Of course there is no economic competition except to determine who will suffer the most for elites just to survive. Or at some point of economic calamity there comes a Bolshevik-style revolution.

We are at a stage of economic development in which mass poverty, at least of working people, is no longer necessary -- and thus unconscionable.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist  but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.


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RE: Higher minimum wage will kill entry-level jobs and economic growth - by pbrower2a - 01-30-2018, 12:51 PM

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