Re: Higher wages: bad for Wall Street, good for Main Street

[briand@xxxxxxxxxxx (Brian Carnell)]

On Sat, 11 May 96 12:21:18 EDT, boddhisatva <kbevans@xxxxxxxxx> wrote:

>       Thank you for the comment.  I try never to respond to Carnell, but I
>couldn't resist.
>
>
>       Part of the reason is that I am from New Jersy where we raised the
>minimum wage to the proposed rate years ago.  NOTHING the Republicans
>foretold came to pass.

Are you glad that your state requires businesses to discriminate
against low wage earners?

Even you must realize that it is extremely cruel to raise the minimum
wage without at the same time guaranteeing a job for everyone who
seeks one, otherwise the market responds to the increase in wages by
reducing total employment over time (of course the Republican horror
stories didn't come true, because they were exagerrated.  But it is
clear that more people would be employed in New Jersey today than they
would have if the minimum wage had remained the same as it was years
ago).

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Brian Carnell                   http://www.net-link.net/~briand/
briand@xxxxxxxxxxx


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