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Employment and Career Starting Points
Most free market economists know that the minimum wage laws are an evil crutch for society and civilizations. Nevertheless some people believe we need a minimum-wage law, however it has been estimated that if you raise the minimum wage one dollar per hour you lose 800,000 jobs and if you raise it to dollars per hour you will lose 1.6 million jobs and some estimate that the number may be even higher.
For two reasons one, because some businesses will not be able to afford it and two, because some businesses will be priced out of their market. For instance let's take a car wash if they charge too much for the car lot so they can pay more money per hour then no one will want a car wash at that price.
Therefore they will have to lay off people and therefore there will be less jobs and therefore there will be less competition and other employers will want to pay less. This will have the opposite effect of what is intended and it is very problematic to play minimum-wage politics with American jobs.
Now, sure it would be nice to pay everybody $10 per hour but there are many jobs which simply cannot pay that much if the companies to remain in business. Please consider all this in 2006.
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
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