Quote:
Originally Posted by KMA-628
Um, no.
Fact: a side-effect of raising the minimum wage is a decrease in the demand for labor. i.e. an increase in unemployment. That means less taxes going to the "social programs".
Forcing a system out of equilibrium will most always have negative side effects.
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I addressed this in post #25. There would be many side-effects of raising the minimum wage. One of those side-effects would be more jobs as the people that are presently working more than 1 will no longer need to do so. Ergo, less unemployment, less taxes going to "social programs".
If you shift money to one location, it will come from somewhere else. You imply it will come in the form of more taxes, but that is to ignore the reality of more available jobs. Taxes will go down, prices do not shift much if at all.
A living wage does nothing but shift the burden of financing work
from me and you
to the corporations that reap the profits from the work.