tag:blogger.com,1999:blog-8771666371746650057.post5217732334904467260..comments2023-11-03T05:34:26.880-05:00Comments on The Whited Sepulchre: Minimum Wages and UnemploymentThe Whited Sepulchrehttp://www.blogger.com/profile/17657366124122012622noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8771666371746650057.post-61069712460616880342008-09-08T06:09:00.000-05:002008-09-08T06:09:00.000-05:00Got it. Many thanks.Got it. Many thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-56052494950060596742008-09-07T22:12:00.000-05:002008-09-07T22:12:00.000-05:00Puma,Hit the "minimum wage" label on this post, an...Puma,<BR/>Hit the "minimum wage" label on this post, and you'll get most of it - as outlined in previous rants. <BR/><BR/>But, simply stated, if the price of something goes up, all other things being equal, demand for that thing will decrease. <BR/><BR/>Manufacturers, retailers, fast food chains, etc can't simply raise prices to cover the difference in the new and old wages. Demand for what The Whited Sepulchrehttps://www.blogger.com/profile/17657366124122012622noreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-48084041596757160802008-09-07T21:17:00.000-05:002008-09-07T21:17:00.000-05:00Increased Minimum Wage + Unskilled Workforce = Les...Increased Minimum Wage + Unskilled Workforce = Less Unskilled Jobs<BR/><BR/>Very complicated formula for many. <BR/><BR/>I am glad us angsty teenagers are jobless, with all this free time on our hands we can now volunteer for school clubs and spend time on intellectual pursuits...<BR/><BR/>Probably not, but hey I'll try to lead by example.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-70703230869025360342008-09-07T20:43:00.000-05:002008-09-07T20:43:00.000-05:00Just when it seems there is a good idea which I th...Just when it seems there is a good idea which I thought increasing the min. wage was a great idea, but never thought of it the way you describe. Please re-iterate the solution from a Libertarians point of view. Are you saying that no wage regulation at all is the answer?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-59487870791712406362008-09-07T10:32:00.000-05:002008-09-07T10:32:00.000-05:00The supporters of these laws would rather see 10 p...The supporters of these laws would rather see 10 people unemployed than one person working for what they considered too low of a wage. It is disgusting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-61144221659155332008-09-06T09:23:00.000-05:002008-09-06T09:23:00.000-05:00CV,Thanks for dropping in. The UK introduced a mi...CV,<BR/><BR/>Thanks for dropping in. The UK introduced a minimum in 1999, when things were booming along nicely. <BR/><BR/>The minimum was set somewhere near the going rate. <BR/><BR/>The latest increase (2006 ?) got it to a point where it has the predicted effect. <BR/><BR/>http://stefanmikarlsson.blogspot.com/2006/10/uk-minimum-wage-and-unemployment.htmlThe Whited Sepulchrehttps://www.blogger.com/profile/17657366124122012622noreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-7720100605126545012008-09-06T06:33:00.000-05:002008-09-06T06:33:00.000-05:00In Britain there were more jobs in the economy aft...In Britain there were more jobs in the economy after the minimum age was introduced.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-73259180381622577092008-09-06T04:52:00.000-05:002008-09-06T04:52:00.000-05:00r.e. - Mississippi,I grew up in the Delta, between...r.e. - Mississippi,<BR/><BR/>I grew up in the Delta, between Drew and Merigold. My parents later retired to Clinton. I don't get back to The Magnolia State very often - the entire family has followed me to Texas.The Whited Sepulchrehttps://www.blogger.com/profile/17657366124122012622noreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-35496532586743160592008-09-06T04:47:00.000-05:002008-09-06T04:47:00.000-05:00Dos Perras,Yeah, it's amazing. I try not to rant ...Dos Perras,<BR/><BR/>Yeah, it's amazing. I try not to rant on it more than once a month, since people have a problem evaluating policies based on results instead of good intentions, and anyone who points out the downside is painted as a Mean Ol' Meany. <BR/><BR/>Can you imagine the media firestorm that would rain down if one of the candidates pointed out that the minimum wage should be The Whited Sepulchrehttps://www.blogger.com/profile/17657366124122012622noreply@blogger.comtag:blogger.com,1999:blog-8771666371746650057.post-28389793311859672892008-09-05T22:17:00.000-05:002008-09-05T22:17:00.000-05:00Holy crap! There is another human being that is n...Holy crap! There is another human being that is not a moron!<BR/><BR/>Oddly enough, I do not have experience quoting anything in a manufacturing environment, but my business is the same as all others. Profit is governed by what the market will bear and my overhead coupled with costs of production.<BR/><BR/>I do eat fast food quite a bit, so I know a couple of things about minimum wage, too.<BR/Paul Mitchellhttps://www.blogger.com/profile/07825674914008378242noreply@blogger.com