(02-19-2021 12:40 AM)Rice93 Wrote:  

(02-19-2021 12:00 AM)georgewebb Wrote:  

(02-18-2021 07:30 PM)RiceLad15 Wrote:  

(02-18-2021 06:15 PM)georgewebb Wrote:  

(02-18-2021 06:04 PM)RiceLad15 Wrote:  Average rent in Houston is around $1,000 per month, and Houston is considered a relatively inexpensive city to live. So you can afford rent and other expenses, but it would still be a struggle, but not such a struggle that you would have to rely on government programs.

Of course, the ones who will struggle he most are the ones who lose theirs job -- or whose jobs don't get created in th first place -- as a result of higher labor costs.

And if people lose their jobs, there are safety nets to support them. And if we are able to move people with jobs out of those safety nets, there is room to support people who lose their jobs.

Frankly, if we let every government action be dictated solely by how it could reduce jobs in some instances, we would be paralyzed and not nearly as well off of a country as we are today.

If we let every government action go forward regardless of its effects on employment, we would be paralyzed and not nearly as well off a country as we are today.

(02-18-2021 07:30 PM)RiceLad15 Wrote:  On the flip side, if we increase incomes of individuals, we also increase their buying power, increasing demand for goods, which in turn encourages companies to grow so that they can meet demand.

On the flip side, if there are fewer jobs, the aggregate income of individuals does not necessarily increase, and thus neither does the demand for goods.

(02-18-2021 07:30 PM)RiceLad15 Wrote:  

(02-18-2021 06:04 PM)RiceLad15 Wrote:  Furthermore, an elevated minimum wage would likely allow people to move about the economy more freely, if they knew that there were jobs paying sufficiently to have their basic needs met.

(02-18-2021 06:15 PM)georgewebb Wrote:  Raising the cost of bringing on an employee would seem to make it harder, not easier, for people to "move about the company".
In particular, people are less likely to "move about the economy" if they know that jobs are harder to get.

That's only the case if we assume that the economy is full and there are no open minimum wage positions. You would have to be arguing that raising the minimum wage would result in such a drastic loss in jobs, that all job openings in entry level positions would vanish and no company would be willing to hire.

Now this is a REALLY dumb statement. one does not have to argue that all job openings would vanish or that no company would be willing to hire. In fact, ne doesn't really need to argue at all. One simply has to note that when the price of something goes up, people buy less of it -- even if that something is labor.

Tell me: do you know of any good or service which people buy more of when it becomes more expensive?

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