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Trickle-down economics is "wrong" according to the IMF
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Quote:There is some merit to your position, I won't deny that. However, we must consider the labor market. Some of that is true. The minimum wage was originally instituted to protect workers being paid a higher wage from losing their jobs to lower wage states. The equivalent would be to impose a global minimum wage, but that would be ruinous to 3rd world workers. There are a lot of problems with the current trade deals, as well as illegal immigration and abuse of worker visas. Both parties are at fault here. The bottom line is that since 2008 we've had far more people needing jobs than jobs. Raising the minimum wage in the US can only acerbate that problem. What we need is an economy that's creating lots of jobs. What we have are politicians using our tax dollars to buy votes and campaign donations. "Why should I give information to you when all you want to do is find something wrong with it?" |
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