Comment 36607

By A Smith (anonymous) | Posted December 28, 2009 at 02:33:54

Grassroots >> The current welfare rate is $3.65 per hour if you were to calculate it on a 40 hr week.

Think about what the minimum wage does, it bans people from working, that's all it does. It doesn't force employers to hire people for $9.50/hour, it just says to businesses that if you decide to hire someone, you must pay them $9.50/hour.

A much better policy would be to scrap the minimum wage and allow everybody to work. This in turn would create more economic output, decrease the number of people on welfare and increase the tax revenue (income and sales) that could then flow to the poor who needed it.

In effect, all the minimum wage does is to idle productive human resources, hurting both the economic wealth of society as a whole, plus damaging the skills and psyche of people forced onto the welfare rolls.

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools