Three reasons to get rid of minimum wage

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Comments (5)
  1. Lisa says:

    Getting rid of the minimum wage law wouldn’t help the homeless, no one is going to hire a homeless drunkard, even if it’s for $5 an hour when there’s another joe blow who actually has a place to live. Your idea that getting rid of the minimum wage law would help the poorest of Americans is shoddy and criminal. Paying someone a wage that would barely get them food on the table is immoral. I don’t advocate for getting rid of the minimum wage law. My father was in the military for 22 years and the most he can find is a job that pays him $10.00 an hour. If the minimum wage law was rid of, they’d probably hire two of him, and give him less hours and pay him $5.00. How is this helping him live? Sure, it’d help the richest of Americans. But definitely WOULD not help the poor.

    1. Ben Levine says:

      I didn’t randomly come up with this idea; it has been studied by people who are more well-versed in economics than either of us and the overwhelming evidence is that the minimum wage has hurt the poor. And while I feel for your father and understand your viewpoint, emotions and anecdotal evidence don’t help construct solid policies nor do they help explain economics.

  2. D says:

    Should have figured just from the title of this that it was written by you. Here’s the thing you keep missing. The HUMAN factor. No human can live on $5/hour, especially after taxes and the rising cost of products (and I’m sure you would say that products cost so much because of the increases in minimum wage, but no, products cost as much as they do because companies are greedy). If these CEO’s and higher ups that make 10 fold what their minimum wage employees make had to live on minimum wage, they would freak out. But I’m sure you know nothing of living on minimum wage (and I would never wish it on you or anyone else. Your lovely ideas would do nothing more than widen the gap between the haves and the have nots (there would be no “soon to haves” -there never have been “soon to haves” and never will be “soon to haves”).

    1. Ben Levine says:

      Oh! That’s what I’m missing: We’re all humans. I forgot about that; glad you pointed it out.

      Now, on to the seriousness, I don’t know anything about living on the minimum wage. However, that doesn’t matter and it is a complete fallacy to distract from sound solutions. I assume you do not require doctors to suffer through diseases before they can assess them. Rather, you ask that they study the subject first. Similarly, I do not need to have been poor to know what policies are destructive. And, fortunately, I have plenty of qualified economists to provide me with the evidence to claim rightly that the minimum wage is destructive. I have studied the subject but have not lived it; the former is important while the latter is irrelevant.

      Admittedly, repealing the minimum wage would not cure all of America’s unemployment problems. Actually, it would only make a small difference. Still, why keep a policy intact if it is wrong?

      Also, your attack on CEOs making high salaries and corporations being greedy sounds like a personal issue you need to sort out but not one to bring into a serious debate. I truly am sorry that they make more money than you (and certainly myself) but being jealous won’t change that. Rich people are just as entitled to their earnings as middle-class and lower-class Americans are and I don’t think whining about them not taking pay cuts is going to solve anything.

      Finally, you’re right: No human can live on $5/hour. However, firstly, when we’re talking about economics I’m not going to get emotionally involved so I’m sorry but the whole bleeding heart liberal argument won’t work for me. Secondly, no human can live on $0/hour, either. Yet $5/hour is certainly better than $0/hour (actually, if my math is correct, it is a whole $5/hour better). Without the minimum wage, many homeless people could make that much more money; while they may not be able to live luxuriously, they’ll probably appreciate the food they could buy with it. And, to continue on this line of thought, humans can’t live freely without being able to express their rights (such as the right to contract) as individuals. What is living if we can’t live freely, after all?

  3. Nick says:

    Minimum wage is a necessary social tool like: standards boards or child labor laws. It may not be the most productive option but it protects the average citizen from corporate abuse.