January 11, 2006

Minimum Wage in NC

The Democrat Treasurer of North Carolina wants to make goods more expensive in North Carolina. Why? Because he may be running for governor in 2008 and wants to attract some support. Oh, why does HE claim?

"the labor market improves for low-income workers. This is because businesses actually start to do better when consumers have more money in their pockets."

So, in his mind, if we force businesses to pay more to make products, people will have more money to spend on the more expensive products.

Yes, he IS a Democrat.

Minimum wage laws might have been needed at one time. They are NOT needed today. Do you really think that if $2.00 an hour were offered for working at McDonald's that anyone would accept the job?

And if you are one of those who support a minimum wage, do you also support a maximum wage? If not, that doesn't make sense. If you do, what should the maximum wage be? And why only $6.15 for a minimum wage, as Mr. Moore wants? Why not $10 an hour? Why is $6.15 better than $10?

Minimum wage laws are socialist crap, no matter how you slice them. They are wrong and violently interfere with the free market. Their only real effect is to raise the prices for EVERYONE on EVERYTHING.

Posted by: Ogre at 10:05 AM | Comments (2) | Add Comment
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1 Increase minimum wage = increase in the cost of doing business = increase in the cost of products or services. So the people making minimum wage aren't better off, and those that make over minimum wage will basically take a cost of living decrease. Unless their company gives them a cost of living increase in pay, which mine doesn't.

Posted by: Contagion at January 11, 2006 01:47 PM (Q5WxB)

2 And this is just a new wrinkle on the socialists who support min wage increases. They've taken your obvious logic and just added one more step: = people have more money to BUY those higher priced products and services. And somehow that's seen as a good thing.

Posted by: Ogre at January 11, 2006 02:06 PM (/k+l4)

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