From: randy (cryofan@mylinuxisp.com)
Date: Sun Apr 06 2003 - 12:49:03 MDT
On Sun, 6 Apr 2003 21:39:08 -0700, you wrote:
>Reason writes
>
>> You're missing the very complex part of the model that shows how much
>> revenue an entrepreneur can generate per employee. Personnel are the
>> largest cost in almost all businesses. You are also missing the
>> taxation cost of enforcing a minimum wage.
>>
>> That and workers never becoming entrepreneurs is silly. It's a dynamic
>> equilibrium at best, and the number of entrepreneurs is all over the map
>> with legislation, cost of money, industry you have in mind, etc, etc...
>
>Yes, but my goal is to find the minimum number of assumptions,
>(and if possible to minimize their implausibility), that would
>enable anyone to think that minimum wage is a good idea.
>
Assume that all those poor people will riot and kill all the yuppies.
That should do the trick.
I really like Bill Maher's approach to social justice when asked on
his TV show _Politically Correct_ why we should give out
welfare,"Because they might kill you otherwise?".
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