$7.00 Minimum Wage????

[KEmperor]

Eh, I don't understand why people insist on promoting policies that result in putting small businesses out of business.

[KEmperor]

Speaking of Minimum Wage increases, I read in the paper today that New York is probably going to raise the minimum wage here to $7.15 by 2007.  Pataki said he'll sign it if it passes in the state legislature.  I am very disgusted.

[KEmperor]

The minimum wage elminates competition for work and hurts starting businesses, and increases cost to the consumer because that money is going to come from somewhere.  

That money goes somewhere too.   The worker who recieves the extra money spends it at a store, and the people who work at that store recieve it and then spend it again.

And the workers who are fired because the employer can't afford to pay all his employees this new higher wage aren't getting any money.

[KEmperor]

Why don't we go back to the Gold Standard...Yet another reason why I despise FDR.

Ummm.....FDR has nothing to do with why we went off the gold standard.   It's mainly DeGualle.

[KEmperor]

FDR ended the gold standard in 1939.

Yes, and then it was reinstituted after WWII at the Bretton Woods conference.  Nixon was forced to go off it again in the 1970's due to the French.

[KEmperor]

I am very pleased that Pataki vetoed the wage hike.  This more than anything else earns my vote if he runs again in 2006.  I am afraid that the legislature will be able to override, however.....