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No, it doesn't subsidize lower wages, it merely allows them.

Posted on: December 6, 2017 at 15:32:30 CT
JeffB MU
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The minimum wage makes it illegal to hire someone at a mutually agreed to price negotiated in a free and open market if it is below the government mandated minimum.

So in many cases, the business just doesn't hire the person.

It causes unemployment.

That does not help the economy. Instead of the person working and receiving compensation for his work, he stays home and relies on the government taking money from others to give to him, as would be the case in your proposal.
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JeffB...you asked many times - meatiger MU - 12/6 13:45:17
     if you think min wage should differ across various regions - 90Tiger MU - 12/6 14:23:35
          RE: if you think min wage should differ across various regions - meatiger MU - 12/6 14:37:39
               re: Your fear of what happens with no minumum wage but a - JeffB MU - 12/6 14:56:16
                    the system you propose - meatiger MU - 12/6 15:11:03
                         No, it doesn't subsidize lower wages, it merely allows them. - JeffB MU - 12/6 15:32:30
                              LOL(nm) - meatiger MU - 12/6 15:38:30
                                   What in particular do you disagree with? (nm) - JeffB MU - 12/6 15:45:56
                                        RE: What in particular do you disagree with? (nm) - meatiger MU - 12/6 16:16:30
                                             I think your idea that businesses somehow owe people - JeffB MU - 12/6 21:00:33
               why do you "believe in the minimum wage concept"? (nm) - 90Tiger MU - 12/6 14:48:37
                    RE: why do you "believe in the minimum wage concept"? (nm) - meatiger MU - 12/6 14:55:04
                         "people can come together and decide" in a central - 90Tiger MU - 12/6 15:52:51
                              The min wage is generally placed - meatiger MU - 12/6 16:19:33
                                   Mises.org has some good articles on the minimum wage: - JeffB MU - 12/6 21:32:19
                         But if the minimum wage is above a level that an employer - JeffB MU - 12/6 14:59:20
                              you are correct - meatiger MU - 12/6 15:09:24
                                   Because providing for the worker's basic needs should be - JeffB MU - 12/6 15:34:33




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