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Originally Posted by stevo
Minimum wage was an idea lobbied strongly by union leaders, and to the average person, like host points out, seems like a good idea. It has gained popularity politically, but still holds not economic merit. Its bad policy and belongs no where in a free market.
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This statement is certainly true. It would be true here in the United States as well if we had a free market. Since the rich are getting richer by minipulating the system through political corruption, why not minipulate it to throw a few bones to the lowest paid poorest workers as well?
It would probably be best to have our markets free but I don't see our corrupt polititians (Democrats and Republicans) and business leaders letting that happen anytime soon since they cannot seem to ever get enough money to satisfy themselves.
The minimum wage does not hold economic merit but our present system with the wealthy feeding at the public trough does not either. I know that two wrongs don't make a right but what the heck, might as well give the poor a little or they just might vote themselves a truly socialist system.