The national minimum wage just got raised to an astronomical $5.85/hour.

The minimum wage in the state of Kansas? $2.65/hour, or about $6,000/year, and efforts to raise it have been stonewalled by the legislature. God, I didn't even earn that low a wage when I worked in radio.

From: [identity profile] autobotsrollout.livejournal.com


Well, obviously the proof that a low minimum wage creates jobs is evident in the job boom in Kansas! A low minimum wage boosts the free market and then everybody becomes rich because demand for labor becomes intense!

Or not.

From: [identity profile] dvandom.livejournal.com


Well, to be honest, a low state minimum wage can't attract out of state business investment, since by definition an inter-state business has to pay federal minimum.

But yeah, the news programs always manage to find some loon who doesn't really understand the effect of market forces on actual people to parrot the claim that the market should set wages.
.

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