Post
Topic
Board Politics & Society
Re: Would killing the minimum wage help?
by
MoonShadow
on 08/07/2011, 00:52:49 UTC

What are your thoughts on this?

I'm opposed to the minimum wage, but in reality repealing it would have almost zero effect.  There are relatively few minimum wage jobs as it is, as most unskilled jobs pay more.  Most of the unemployed are unemployed because they have a certain skillset, and will chose to remain on unemployment insurance payments so long as they last rather than take a lower wage job.  If we were to repeal both the minimum wage laws and restrict or repeal unemployment insurance, there might be some measurable effects.  But the truth of the matter is that most of the unemployed can find minimum wage work, but won't because they are accustomed to a higher wage and better working conditions than a minimum wage job.