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To: Oldeconomybuyer

OK, How does limiting the pay of the top executives increase the wages or job prospects of those at the lower end of the spectrum? Also why stop at $15 hr? Why not $50 an hour. At $100 grand per year we could effectively call all Americans rich and end all social welfare programs. Better yet make the minimum wage $300 an hour and everyone will be part of the 1%.

Answer: because a minimum wage is just a made up number with no bearing on reality. Minimum wages actually hurt those with the least skills and the least education and training. It is an attack on the poor and the minorities in society. With high minimum wages, teenagers are unable to compete with those with more experience and job skills.

The desire to punish those with more than you is jealousy and it is also stupid. There is no correlation between the amount of money a CEO or Hollywood actor makes and the wages of the average or lowest paid worker. What causes poor pay is poor job skills and a stagnant economy coupled with massive illegal and legal immigration driving down the wages of the average worker.


4 posted on 05/21/2015 2:39:18 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town

Not the proper role of government to decide “who” makes “what”.


8 posted on 05/21/2015 3:18:58 PM PDT by Dalberg-Acton
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