Quote:
Originally Posted by Ecguy
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The point isn't that it's arbitrary. The point is that when a wage is mandated it has other consequences besides simply increasing the amount of money some people make.
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Increasing minimum wage doesn't increase the amount of money available to pay people, so the whole concept sucks. And Econ 101 shows us that minimum wage causes a surplus in available labor. Its nothing more than a political ploy... it works because most people don't understand the concept in my first sentence. All money comes from Obama's stash, amirite?