State of the Union

[Raavak]

Originally Posted by Ecguy [You must be logged in to view images. Log in or Register.]

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.

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?