Monday, July 21, 2014

# 22 On Minimum Wage

To set the cost of living above a substance level if you are a full time worker.

1) Minimum wage lower then min cost of living + government redirection of corporate profits  via tax’s to workers  in order to equal cost of living. With increased processing fees by government.
2) Higher minimum wage that equals cost of living. That replaces the increase in tax’s needed in 1) with direct loss of profits.
3) Cost of living becomes lower. No wage change or tax on profits, decrease in profits. Good luck getting anyone to do this.

Since 3 is impossible, and 1 actually increases costs, 2 is the only answer.