Call to boost federal minimum wage earns mixed reviews

[JsJs24]

Re: Call to boost federal minimum wage earns mixed reviews

Those who favor minimum wage increases are completely ignorant of economics. If anyone is interested, the following link is to an old article on minimum wage written by one of the greatest economists in history, Murray Rothbard link.

Raising minimum wage increases prices on the market economy and increases unemployment. However, the main concern I have with unemployment is that it does not defend the right to work. If two people (employee and employer) agree to a wage in exchange for work then nobody should be able to prevent them from such an agreement. Working is voluntarily, and thus if people are willing to work for a low wage then it is fair. Conversely, if the wage wasn't fair then people would stop working for that wage and the employer would be forced to either raise the wage or go out of business. It's as simple as that but politicians don't get it, or at least those on the left don't get it.

[JsJs24]

Re: Call to boost federal minimum wage earns mixed reviews

Those who favor minimum wage increases are completely ignorant of economics. If anyone is interested, the following link is to an old article on minimum wage written by one of the greatest economists in history, Murray Rothbard link.

Raising minimum wage increases prices on the market economy and increases unemployment. However, the main concern I have with unemployment is that it does not defend the right to work. If two people (employee and employer) agree to a wage in exchange for work then nobody should be able to prevent them from such an agreement. Working is voluntarily, and thus if people are willing to work for a low wage then it is fair. Conversely, if the wage wasn't fair then people would stop working for that wage and the employer would be forced to either raise the wage or go out of business. It's as simple as that but politicians don't get it, or at least those on the left don't get it.

[JsJs24]

Re: Call to boost federal minimum wage earns mixed reviews

The prices of shit is just crazy today.The average new car 30-$50,000.Cell phones going for 6-$700.00.Food shopping you cant walk out for less than $200.00 anymore it seems for a couple of bags! This is what needs to be addressed.

Just an idea.Anyone have an feedback on this as to hy you think it would or wouldnt work? Id love to hear from you all.

And the reason why we have inflation is because we have a fiat currency. Once the federal reserve was created in 1931 inflation started setting in, whereas in the past it was only during times of war. Then, Nixon closed the gold window in 1971 and inflation got significantly worse and hasn't stopped since. A 100% gold standard would nearly eliminate inflation, and a dollar backed by at least some gold would slow it down.