http://thelibertarianforum.com/General/Minimum-wage-is-not-necessary.html
Minimum wage and other labor laws hurt the poor and aren’t necessary. Written by Omer Altay
Tuesday, 14 August 2007
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Minimum wage and other labor laws are aimed to protect workers and raise standards, but does that really happen? Minimum wage by definition creates unemployment. It eliminates every job that’s worth less than $5.15 an hour (the federal minimum wage). The fact is that a business is not a charity. If a business determines that a person’s labor is not worth $5.15 an hour, or whatever the local minimum wage is, they have no reason to keep that person employed. Paying the worker a bonus to meet the minimum wage would be charity work, and many businesses don’t have the finances or interest in such charity work, and will instead lay off the employee instead of raising their pay.
Minimum wage simply does not protect the worker at all, but instead, gets rid of every low skilled job that’s worth less than $5.15 an hour.
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So we have to be productive above the minimum wage. Businesses are not charities; nor are they tax collectors. Everything is passed along.
But who do we pass our costs along to?
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