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Originally Posted by CaptainBubba
Essentially what you are doing is twisting my argument to say that there is a direct correlation between minimum wage and employment with no other factors involved, which again is suprising as you are far smarter than to go ahead and say something like that when you probably know I, and noone with an iota of intelligence, would suggest that.
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It's funny you said this, because this was actually what I was thinking about when I read your post. I was saying to myself, "why would my darling Bubba assume that raising the minimum wage leads directly to high unemployment?" This question popped into my head after reading:
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Originally Posted by CaptainBubba
and rest assured, raising minimum wage raises unemployment
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I mean, only a total asshole would assume that there's a "single direct correlation with employment." Right?
I'm actually not in favor of a "living wage," because I think it's rather vague. I think the federal riase is fine, b/c as I said, half the country is doing it already with little economic catastrophe to speak of.
Santa Fe expects to raise their city minimum up to $10.50 by 2008. It's already the highest in the country at like $8.50. I think that's probably too high (the former), but I also think the city economy will adjust ot the high rate and not plunge into depression.
Nice graphs.