> Why does government sup****t minimum wage laws? Right now the Governor
> of Michigan is going to sign bill raising the MW $0.50. 90% of
> economist will tell you that this will have an adverse effect of the
> employment situation in the state.
It may on employment. If you keep wages low with minimum wage laws,
you
obviously can hire more people. If you repeal the minimum wage laws, you
might have to let go of your least productive employees in order to pay
the
greatly increased wages you will have to pay to keep your more productive
people. This bill is about a slight increase, in the minimum wage, which
I
don't think will have any effect, it may even increase employment, but
also
keep the other wages of the more productive ones from rising out of
control.
