Why Minimum Wage Laws Should Be Killed


	Why Minimum Wage Laws Should Be Killed

shaine

7-26-2007 10:30 PM

335 views

tags:

wages, legislation, money, laws, economics

shaine says:

All I can add is that it's election season.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4173d3cf-f05b-40b6-9ecb-6ad7a7ca3f89/6ECF1A9E-705A-495B-92D6-21FCFFCCEB54/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.johnchow.com/pay-us-or-lose-us/" href="http://www.johnchow.com/pay-us-or-lose-us/" style="font-size: 11px;">www.johnchow.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><P>The challenge is to highlight the new Fair Minimum Wage Act which came into effect today in the U.S. The new minimum wage is $5.85 per hour and will increase to $6.55 per hour next year and $7.25 the year after that. Jobacle.com feels the new wage level is a joke and disrespectful to employees. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><P>I believe the minimum <A href="#" class="kLink"  id="KonaLink3"><FONT color="#005ebf"><SPAN class="kLink">wage </SPAN><SPAN class="kLink">laws</SPAN></FONT></A> should be killed off and wages should be subjected to the laws of supply and demand. I’m sure my position isn’t very popular but I think politicians will eventually have to recognize that minimum <A href="#" class="kLink"  id="KonaLink4"><FONT color="#005ebf"><SPAN class="kLink">wage </SPAN><SPAN class="kLink">laws</SPAN></FONT></A> just doesn’t do what it was intended to do.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><STRONG>Minimum Wage Law Hurts The People It Was Designed To Protect</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><STRONG>Minimum Wage Laws Are Unfair To Workers</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><STRONG>It’s Self Defeating Model</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><STRONG>We Are In A Global Economy</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><STRONG>You Are Where You Want To Be</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.johnchow.com/pay-us-or-lose-us/"><P>For more information on the true effects of minimum wage laws, read the Fraser Institute report <A href="http://www.fraserinstitute.ca/shared/readmore.asp?sNav=pb&id=754">The Economics of Minimum Wage Laws</A>.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6ECF1A9E-705A-495B-92D6-21FCFFCCEB54/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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