Originally Posted by
Supposn
Consequences of eliminating the federal minimum wage.
Elimination of the Federal Minimum Wage, (i.e. FMW) rate would be the ultimate reduction of that rate. In that case states with their own minimum wage laws would be denied a significant economic shield.
If the FMW were eliminated, the purchasing powers of all states legally enforced or market determined minimum wage rates would soon be reduced.
Government Minimum Wage Laws only cause unemployment. Unemployment is what causes reduction in purchasing power.
Market forces and competition are what’s best to set wage rates. Lower wage rates are only realized by unskilled entry level employees. Wage rates should be determined by the employee’s ”WORTH’ i. e. value to the employer. The cost of every product should be determined by its ”WORTH” to the consumer to be determined by every free individual consumer.
Government just fucks up what would otherwise be a perfect system!
Government causes unemployment and inflation, prohibits freedom and mandates fucking stupidity and perpetuates disincentive and enslaves the poor to reliance on idiot government!
“Government is not reason it is not eloquence, its force like fire a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible actions.” (George Washington)
"Government is force by definition and corruption by nature. The bigger the government, the greater the force and the greater the corruption."
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