02-12-2005, 11:50 AM
Quote:If you take away the minimum wage, employers will pay people less. That doesn't mean that prices will go down, and even if they do, that's not the issue. Those jobs will still get reluctantly filled by Americans, or readily filled by immigrants, which is the real reason Bush wants more of an open door policy. When companies pay their employees whatever they choose, the C.E.O.'s get richer, the lower class gets poorer, and this country gets more fucked up. I think you're just looking for ways to increase the gap between rich and poor; that's where your views fall.
Do you know how capitalist economics work?
When there is less money flooding the market, that money will become more valuable. Prices will adjust to fill the gap (and, no, companies do not want to keep the same prices, that would lead to people buying their products less, not to mention the inevitable price wars), and the poor will have MORE buying power. Not to mention that people who cannot get jobs now will be able to get jobs when companies expand (because they can, not to mention when people buy more, they will expand to meet this new demand). It will make us all richer.
Also, what's the incentive to hire illegal immigrants if you can pay Americans the same? The whole incentive behind hiring illegal immigrants is to get around such things as minimum wage laws.