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does the minimum wage hurt workers?
posted at September 3, 2012 1:58 PM EDT
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Posts: 938
First: December 1, 2011 Last: May 7, 2013 |
i think so---and this guy explains it great (i hope Jan will see that video, as we once had discussion about it) http://www.youtube.com/watch?v=Ct1Moeaa-W8&feature=relmfu |
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Re: does the minimum wage hurt workers?
posted at September 3, 2012 2:20 PM EDT
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Re: does the minimum wage hurt workers?
posted at September 3, 2012 6:26 PM EDT
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Posts: 471
First: December 21, 2011 Last: May 20, 2013 |
NYC wants to mandate a minimum wage that is considerably higher than the federal minimum wage. The effect that this has is that businesses will hire fewer workers, let some workers go or they'll move out of state. A worker is worth a certain wage based upon his/her value to the company. Once that wage is exceeded, the company can no longer run profitably. Response to does the minimum wage hurt workers?: i think so---and this guy explains it great (i hope Jan will see that video, as we once had discussion about it) http://www.youtube.com/watch?v=Ct1Moeaa-W8&feature=relmfu Posted by Astra2012 |