HMMMMMM.....

[plantyhamchuk]

This is fairly damning. 1985 30 min documentary worth watching (this is a 10 minute clip, containing the strongest arguments - the rest are on youtube as well). A black economist from the Philly ghettos argues that minimum wage hurts workers, welfare pays more than minimum wage and therefore acts as a disincentive to seeking employment, labor laws

Comments

[g_sabine]

There's nothing damning about this- it's Reganomics. Arguing against the minimum wage by citing teenage unemployment is a red herring- teenagers aren't supporting themselves, they work for recreational money and have little sense of what money, or their labor, is truly worth. The minimum wage laws were in part designed to prevent teenage, essentially child, labor from driving wages artificially down and taking jobs away from adults- a serious problem in the 50s, 60s and 70s. If employers could decide what we were worth, none of us would be worth a dime. They follow it up with other red herrings, never examining the consequences deregulation would wreak.