Comments on: Understanding the Minimum Wage http://csmoody.wordpress.com/2009/07/15/understanding-the-minimum-wage/ A Blog Written by Chris Moody Mon, 21 Dec 2009 16:10:07 +0000 http://wordpress.com/ hourly 1 By: Levi http://csmoody.wordpress.com/2009/07/15/understanding-the-minimum-wage/#comment-585 Levi Thu, 27 Aug 2009 01:24:44 +0000 http://csmoody.wordpress.com/?p=1162#comment-585 Basic supply and demand curves explain minimum wage but normally low wage employees haven't taken economics. Subsequently, politicians use terms like "living wage" to buy votes of the uneducated. A quandary is born... Basic supply and demand curves explain minimum wage but normally low wage employees haven’t taken economics. Subsequently, politicians use terms like “living wage” to buy votes of the uneducated.

A quandary is born…

]]> By: Nik http://csmoody.wordpress.com/2009/07/15/understanding-the-minimum-wage/#comment-575 Nik Mon, 20 Jul 2009 12:53:03 +0000 http://csmoody.wordpress.com/?p=1162#comment-575 It is unfortunate that the minimum wage is going up. I'm a small business owner (very small). My employees are estatic that their hourly wage is going up. However, what they don't know yet, is that I'm cutting hours. Their workload will be increased and their take-home pay will be almost the same. It will be that or raise my prices. (which I'm sure is coming very soon) It is unfortunate that the minimum wage is going up. I’m a small business owner (very small). My employees are estatic that their hourly wage is going up. However, what they don’t know yet, is that I’m cutting hours. Their workload will be increased and their take-home pay will be almost the same. It will be that or raise my prices. (which I’m sure is coming very soon)

]]> By: PJ http://csmoody.wordpress.com/2009/07/15/understanding-the-minimum-wage/#comment-573 PJ Thu, 16 Jul 2009 13:38:28 +0000 http://csmoody.wordpress.com/?p=1162#comment-573 Politicians playing with economic models is like a child playing with fire in the middle of a living room- the child is fascinated by the flame and visually recognizes the energy output, but doesn't see how he(or she) might burn the house down for the entire family as he plays. Politicians playing with economic models is like a child playing with fire in the middle of a living room- the child is fascinated by the flame and visually recognizes the energy output, but doesn’t see how he(or she) might burn the house down for the entire family as he plays.

]]> By: Jason Chuang http://csmoody.wordpress.com/2009/07/15/understanding-the-minimum-wage/#comment-572 Jason Chuang Thu, 16 Jul 2009 03:20:00 +0000 http://csmoody.wordpress.com/?p=1162#comment-572 I totally believe the minimum wage should be totally eliminated in my opinion. The reason I say this is because the minimum wage is a poor man mentality and idiotic. I am sick and tired the government trying to control all American citizens because all they care about is power. Also during our current recession, the increase in the minimum wage will continue to hurt business. However I'm sure the big business can use it as some type of tax write off. I wish I was more optimistic about this country. I totally believe the minimum wage should be totally eliminated in my opinion. The reason I say this is because the minimum wage is a poor man mentality and idiotic. I am sick and tired the government trying to control all American citizens because all they care about is power. Also during our current recession, the increase in the minimum wage will continue to hurt business. However I’m sure the big business can use it as some type of tax write off. I wish I was more optimistic about this country.

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