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<blockquote data-quote="Werewolf" data-source="post: 1353364" data-attributes="member: 239">If you had even a basic knowledge of economics you would understand that the minimum wage is a price floor for labor.&nbsp;All a price floor does in the case of minimum wage is create unemployment because it is set above what the equilibrium price would be without it.&nbsp;Thus all those unemployed folk you are so concerned about are unemployed because the minimum wage is higher than employers can or are willing to pay for their skill set.&nbsp;Of course they can all go on welfare rather than work since welfare in many cases pays better. The result of that stupidity is that congress has created a whole class of people who would rather be dependent on the government than themselves.&nbsp;Ahhhhh WELL!&nbsp;The road to hell is paved with good intentions they say.&nbsp;That seems more than true these days.</blockquote>

[QUOTE="Werewolf, post: 1353364, member: 239"] If you had even a basic knowledge of economics you would understand that the minimum wage is a price floor for labor. All a price floor does in the case of minimum wage is create unemployment because it is set above what the equilibrium price would be without it. Thus all those unemployed folk you are so concerned about are unemployed because the minimum wage is higher than employers can or are willing to pay for their skill set. Of course they can all go on welfare rather than work since welfare in many cases pays better. The result of that stupidity is that congress has created a whole class of people who would rather be dependent on the government than themselves. Ahhhhh WELL! The road to hell is paved with good intentions they say. That seems more than true these days. [/QUOTE]

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