Comments on: Deep Thoughts: Minimum Wage

By: Investing Smart

Investing Smart — Fri, 03 Dec 2010 05:20:19 +0000

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Sunday Rainy Roundup — Sun, 25 Apr 2010 12:01:45 +0000

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By: Do You Comment? Three Reasons Why You Should / Weekly Roundup

Do You Comment? Three Reasons Why You Should / Weekly Roundup — Sat, 24 Apr 2010 14:20:51 +0000

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Fri, 23 Apr 2010 23:40:36 +0000

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By: Joe Plemon

Joe Plemon — Fri, 23 Apr 2010 16:10:39 +0000

Let me qualify my opinion by saying that I am not personally unemployed nor is minimum wage a direct issue in my life. I might have a different opinion if I was more directly affected.

That being said, I think that doing away with minimum wages would have long term positive effects. Immediately, as you said, higher employment would occur. All workers would know that they are working for what they deserve, so they would hopefully be motivated to work harder instead of settling for an arbitrary government set wage. Prices would go down, which would spur more buying which would help more businesses prosper and hire even more employees.

Basically, I believe in free enterprise economics, so if the market dictates wages (instead of government), our economy would be better off.

This is pure conjecture on my part, of course, but it is what makes sense to me.

Good post on a timely topic.
.-= Joe Plemon´s last blog ..Why to Build Wealth…Five Wrong Reasons and One Right One =-.