Comments on: Minimum Wage Increase Coming – Is it Right? http://www.darwinsfinance.com/minimum-wage-increase-rules-200/#utm_source=rss&utm_medium=rss&utm_campaign=minimum-wage-increase-rules-200 Financial Evolution: Education, Adaptation, Achievement Sat, 31 Jul 2010 09:59:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: BankruptcyAccess.comhttp://www.darwinsfinance.com/minimum-wage-increase-rules-200/comment-page-1/#comment-1224 BankruptcyAccess.com Mon, 20 Jul 2009 10:30:35 +0000 http://www.darwinsfinance.com/?p=768#comment-1224 <strong>The 46th Bankruptcy & Debt Carnival- Links Online!...</strong>Welcome To The 46th Bankruptcy & Debt Carnival!July 20th 2009*Posts presented according to subject* Bankruptcy Chris presents Lost your job, can't pay the mortgage? Act early and save the house! posted at Home I Own, saying, “How t... The 46th Bankruptcy & Debt Carnival- Links Online!…

Welcome To The 46th Bankruptcy & Debt Carnival!

July 20th 2009

*Posts presented according to subject*

Bankruptcy
Chris presents Lost your job, can’t pay the mortgage? Act early and save the house! posted at Home I Own, saying, “How t…

]]> By: Best of Money Carnival #7 – Financial Collapses Edition | My Life ROI, Getting the Best Return On Lifehttp://www.darwinsfinance.com/minimum-wage-increase-rules-200/comment-page-1/#comment-1157 Best of Money Carnival #7 – Financial Collapses Edition | My Life ROI, Getting the Best Return On Life Mon, 13 Jul 2009 10:05:31 +0000 http://www.darwinsfinance.com/?p=768#comment-1157 [...] presents Minimum Wage Increase Coming – Is it Right? posted at Darwin’s Finance saying "With the minimum wage set to increase later this [...] [...] presents Minimum Wage Increase Coming – Is it Right? posted at Darwin’s Finance saying "With the minimum wage set to increase later this [...]

]]> By: Paul Kamphttp://www.darwinsfinance.com/minimum-wage-increase-rules-200/comment-page-1/#comment-1112 Paul Kamp Tue, 07 Jul 2009 15:16:50 +0000 http://www.darwinsfinance.com/?p=768#comment-1112 Hey Darwin, I took a look at this in my article "<a href="http://dqydj.net/the-minimum-wage-mistake/" rel="nofollow">The Minimum Wage Mistake</a>". I believe that the minimum wage is freezing people who are willing to work out of the market by putting a price floor above the demand of some types of workers (perhaps the dishwashers, in your example). It's my contention that if society wishes to set a minimum cost of living (which I believe that it does), the best way to do that is with a negative income tax (similar to the EITC). A tax of that type would eliminate the 'working poor' class, those drawing benefits while also working (this would free up some of the resources of our social welfare programs). Also, this would shift the burden of minimum wage law increases from small businesses to society at large. The minimum wage is a law that on the surface seems to promote equality, but it is hurting the very group it is supposed to help. Hey Darwin,
I took a look at this in my article “The Minimum Wage Mistake“. I believe that the minimum wage is freezing people who are willing to work out of the market by putting a price floor above the demand of some types of workers (perhaps the dishwashers, in your example). It’s my contention that if society wishes to set a minimum cost of living (which I believe that it does), the best way to do that is with a negative income tax (similar to the EITC). A tax of that type would eliminate the ‘working poor’ class, those drawing benefits while also working (this would free up some of the resources of our social welfare programs). Also, this would shift the burden of minimum wage law increases from small businesses to society at large. The minimum wage is a law that on the surface seems to promote equality, but it is hurting the very group it is supposed to help.

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