View Single Post
Old November 11th, 2006, 11:06 PM  
Awesome Poster
Phantom's Forum Picture
Join Date: September 10, 2006
Location: U.S/ Minnesota
Age: 25
Default Re: What Do You Think Will Change Because Of The Midterm Result? (Debate)

I am in economics right now.
Ok you are a small business.
Say they raise the minimum wage to like 10.
So in order for you to compensate with all the extra money you shell out you have to raise your prices or shut down.
Minimum wage destroys small business and only big cooperations can survive.

See economics is a tricky thing. You nudge something here, it moves something there.

Minimum wage is just one of those feel good laws, most people don't understand that it does quite a bit of harm.

War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature, and has no chance of being free unless made or kept so by the exertions of better men than himself John Stuart Mill
Phantom is offline   Reply With Quote