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2006-10-03 Home Front: Politix

Bottom line in Jersey: A new minimum wage

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Posted by Fred 2006-10-03 00:00|| || Front Page|| [3 views since 2007-05-07] Top

#1 "Thousands in state earn extra dollar per hour"

but the 'hidden hand' says that "Thousands not employed due to higher costs".

The minimum wage is a barrier to employment. It's much better to have NO minimum wage but create economic conditions where employers compete for employees.

Filtering immigration for high quality only would do this.
Lowering taxes that punish profits would do this.

Posted by Crugum Spaise2608 2006-10-03 08:10|| 2006-10-03 08:10|| Front Page Top

#2 Mom and Pop shops, already struggling to compete with the efficiencies of Walmart, etc. can't afford to keep the same number of employees for the amount of resources they allocate for additional hires. Considering that these small shops employ about as many people as the big companies, you've just closed out a significant number of employment opportunities for anyone on the books. Off the books there are, of course, the illegals. Full Illegal Employment Act of 2006. Just shifts the costs of social services and safety from the employer to the community.

Posted by Speck Phomomble3299 2006-10-03 08:42|| 2006-10-03 08:42|| Front Page Top

#3 Jersey economy going down the crapper in 5....4....3....2....1...

Posted by mcsegeek1 2006-10-03 12:21|| 2006-10-03 12:21|| Front Page Top

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