12-28-2016, 12:14 PM
(12-24-2016, 11:51 PM)Warren Dew Wrote:(12-24-2016, 10:30 PM)Ragnarök_62 Wrote:(12-24-2016, 09:42 PM)Warren Dew Wrote: Higher minimum wages don't cause people to be paid better, though; they just cause people at the low end of the wage spectrum to be put out of work.
But, but, who in their right mind wants to work for a penny/hour? We're in a Neo Gilded age and since there are no large labor unions, that's what sort of stuff will happen. The real problem is there is no such thing as equal economic power between an individual and Corporate America. .... Well, I suppose we can supplement our meager wages with massive five finger discounts.
If Trump and Ryan do what they promised and institute mandatory e-verify, wages will rise at the low end of the wage spectrum well above the mandatory minimum. People will still be put out of work, but it will only be the illegal aliens, and they will likely return to their home countries.
This falls into the category of wishful thinking. Most illegals avoid work that involves a W-2, unless its something no Anglo would do. Expect massive whining from the hospitality industry, and the farmers too, of course. BTW, both groups tend to be Republicans.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.