What is a minimum wage? It's an artificial level that the Government has imposed on society, stating the minimum value of anyone's life for one hour. The value of one hour of labor. Your soul exchanged for goods.
I really like that last one! But let's look at this one "The value of one hour of labor." That is what it is, you work for an hour, and here in California, we have to give you $8.50. So here's the question, is the average person worth $8.50 an hour? Is the the product of their time going to give me, or more than $8.50? If it will not, then my simple option must be to NOT EMPLOY THAT PERSON. Oh, really, I hadn't thought of that... But I assure you that every business has. And in actuality, the employer pays more than just the $8.50 (taxes, health care, etc). So next time you look at the unemployment rate, just think to yourself, is it possible that those 11,000,000 people are simply not worth $8.50?
Yes, it is a little more complicated than that... but not really. So what is the source of our problem?
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