Re: Help with a Minimum Wage Model

From: randy (cryofan@mylinuxisp.com)
Date: Tue Apr 08 2003 - 04:23:12 MDT

  • Next message: Robert J. Bradbury: "Re: Changing ones mind"

    On Mon, 7 Apr 2003 14:22:31 -0500, you wrote:

    >> (Charles Hixson <charleshixsn@earthlink.net>):
    >>
    >> I did a few spreadsheet calculations, involving the current minimum
    >> wage, the hours in a week, and the cost of rent in substandard housing
    >> in the area where I live. Working full time at minimum wage, and
    >> without counting taxes or any other expenses (e.g., food, clothes, etc.)
    >> a persons would end up with less than $7 per day after paying their
    >> rent. (I forget how much less, and I made several optomistic assumptions.)
    >
    >Why do we think it's somehow "right" to forbid contracts for pay that's
    >not sufficient for living alone?

    Umm....because those poor people might get mad and riot and destroy
    property and shut down commerce....just like they did back in the 20's
    and 30's...which is how we got our labor laws in the first place?



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