Quote:
Originally Posted by BayMoWe335
Econ 101: Minimum Wage creates unemployment and hurts the people it's trying to help.
Stupid idea that never works but sounds great to morons eating this shit up.
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If it weren't for minimum wage. The market wage would be pennies an hour. (See how much they pay for child labor in Asia)
The same thing with subsidizing certain commodoties. Milk for example: if the price were not regulated by the gov't the price for 1 gallon would be upwards of $20.
Econ 101 is looking at economic scenarios, ceteris paribus.
