Minimum wage

The funny thing is you arguing against Milton Friedman and he has a Nobel prize in economics. And you say teenage unemployment is because people are in collage. Major polling company's only count you unemployed if you are looking for a job. So it can't be collage. And you also say all he talks about are teenagers, but he is talking about minorities too so you need to listen more clearly. You also say that it doesn't make teenage unemployment higher. It obviously does because they raise the minimum wage, teenagers unemployment skyrockets. How can progress in society cause more unemployment? you use the example of slaves. that was much earlier then this film, so your example is very improbable. Yes but usually you get paid minimum wage, and still you can pay the immigrant less and they won't tell. So in the adult world during this recession the minimum wage gives the immigrant an job advantage. And with no minimum wage the teenager DOES have a fighting chance vs. the immigrant. His kills may be equal to or even more then on of these people so the kid now has a chance in the workforce. You say we need unskilled workers. yes, but these jobs are limited they can't hire all of the unemployed. So this argument for you is very limited. And also the manager may hire someone for sweeping no matter the minimum wage. Well my argument isn't all about someone's skill, but also their efficiency. If yo aren't efficient at what you do then your in trouble. Also for every person you hire, their unskilled job gas a price. If i owned a pizza parlor and i needed someone to sweep the place because it took one hour of my time that job would be worth x amount of dollars. If i could make 10$ that hour but had to pay him 7.50$ I would only make 2.50$. So I wouldn't hire as easily. So if someone came in with 1$ an hour skills i wouldn't do it, i would wait for someone with the skills to do it efficiently so I could pay them 7.50 without as much pain to my pocket. You want a minimum wage because you think the government will help you have money. The average person can still say NO to a low wage wage. Also it guarantees that those poor people will be unemployed because their skills on average are less then 7.50$ an hour. So that argument still stands. So your tax idea. In the way you phrase it it's good, I agree with you. But not for the person paying it. If they were paid 2.50$ they would pay little to no taxes each tax season, but when you are paid 7.50$ you get taxes, and when you make that little you don't want the taxes. So without the minimum wage you get paid what you are worth, and you can still say no to a lower wage if you believe your worth more. Now i will press forward new issues. The vast majority of economists believe the minimum wage law costs the economy thousands of jobs. The most fundamental principle of economics is 'supply and demand'. In the case of labor, this means that the supply of workers goes up as wage goes up, and the demand for workers by employers goes down as the wage goes up. For example, imagine a janitorial job was advertised for hire. If the wage is $100 per hour, thousands of people would want the job. If the wage was $1 per hour, you probably wouldn't find anyone to do it. Conversely, if the government forced the employer to pay at least $7 per hour, the employer might decide not to hire a janitor at all, instead opting to have other staff pick up the duties. Thus, a job would be lost because of the minimum wage. Another example is restaurant employment. A manager might have $10,000 in her monthly budget to hire bus persons. If the wage is set at $7 per hour, the manager may only be able to hire 10 bus people instead of 15. Setting a mandated wage limit disrupts market forces of supply and demand. Just because there is no minimum wage doesn't mean companies can pay whatever they want. Would you work a dishwashing job that paid 25 cents per hour? Would anyone? If they raised the wage to $4 per hour, they might be able to hire a high school student. Consider some highly skilled jobs such as accountant, lawyer, and engineer. Do these people make $5.15 an hour? Obviously, the answer is no. Market factors of supply and demand determine how many jobs are available and what each job would pay. In summary, as the minimum wage goes up, the number of people employed goes down. When the minimum wage goes down, the number of people employed goes up. Keep in mind: the minimum wage only applies if someone is employed. Here's a link to a site that hows you that the minimum wage sounds good, but doesn't end well: http://www.thefreemanonline.org... and this one is from a buissness standpoint: http://www.rightremedy.org... Minimum wage makes jobs get outsourced to china or other countries. If you make a company pay it's workers more here in America it's more of an incentive to move to countries were the workers work for less. the only way to keep jobs here in America is to make the environment for businesses simple and cheap. A minimum wage just makes things tougher for companies to do business in America. Remember that American companies may have no choice but to outsource with the high cost in the U.S.--they may go out of business entirely if they can't cut costs to a level that's competitive with foreign competitors.