Pete C. wrote:


The entire purpose of a minimum wage is to "buy" votes for a politician
or political party. Due to the self leveling nature of a true free
market economy any increase in a minimum wage will be erased within a
year or two.
Pete C.

There can be lasting effects from increasing the minimum wage. The
effects are to change so that the labor is not done by minimum wage
people. It can happen two ways. One is that the U.S. minimum wage
moves jobs off shore. And the other is that it makes it more
economical to use some sort of automation or machinery. So unskilled
jobs as ditch digging become backhoe jobs. Manufacturing jobs go over
seas or as in the case of a company that makes bolts ( Nucor ), the
job becomes so automated that the second and third shifts are only two
guys ( neither of them is a minimum wage job ).


Dan