On 8/17/2012 3:15 PM, Han wrote:
Jack wrote in :

I think a minimu wage is a good idea to set a floor for wages.

The "floor" is meaningless. Water seeks it's own level, government
and it's subjects thinking they can somehow control it to work better
than the free market just doesn't work, and in fact, does exactly the
opposite.

Perhaps that should be $7.50 in Alabama
(just an example - I have almost nothing against Alabama), perhaps
$10 or more in NY & NJ and thereabouts (currently $7.25 in NJ). And
no, the oilcompanies get sufficient subsidy now - no need to give
them more, au contraire.

I think teachers in NY should make 5 cents over minimum wage, and in
Alabama 10 cents. OK wit you?

No

Whatsamatter, you don't like someone else arbitrarily deciding pay
rates and what's a "fair" wage? There is a reason the free market
works better than government control. It's the same reason the USA at
one time was the greatest country on earth and people fought to get in,
instead of out as in government controlled (socialist) environments.

--
Jack
Got Change: Supply and Demand ====== Command and Control!
http://jbstein.com