"You think it'd be very American to protect American workers," says Grassley, who always votes against minimum wage increases. #CIRmarkup
@mtpollack You might want to think about inflation, and the fact that US workers are not guaranteed sick pay, vacation pay, health insurance
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@aurabogado Minimum-wage laws discriminate against the least-skilled. If I have to pay $30 anyway, why hire someone I could have got for $5? -
@mtpollack No, this is a myth still sometimes taught in Econ 101. Reality indicates that raising the min wage is good for all workers. -
@aurabogado Hardly a myth. Ask any small-biz owner. Do you really think that if you made the minimum. wage $200, it wouldn't depress hiring? -
@mtpollack Sorry to tell you, it is very much a myth. Most economist-left, right and center-agree that your example wouldn't depress hiring -
@aurabogado It's simply common sense; it's a zero-sum game. If forced to pay more, employers cut hours, benefits, hiring. No free lunch. -
@mtpollack Second time: I'm done with this conversation that's impossible to have tin 140 characters at a time. Have a nice day. -
@aurabogado It's not so hard; just have to be concise. But if that's too difficult for you, fine. I realize "why not $1000?" was a toughie. - End of conversation
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@aurabogado What does any of that have to do with the effect of raising minimum wage? Bottom line: as the cost goes up, hiring goes down. -
@mtpollack What does inflation have to do with raising the minimum wage? Really? -
@aurabogado If raising it reduces hiring, which it will, then yes, "really". What good is a higher-paying job that nobody's offering you? -
@mtpollack Do you mean like the above minimum wage jobs that Costco offers, because they know that a higher wage increases productivity?
End of conversation
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