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    Forums ›› Main ›› Economics ›› If minimum wage law was repealed, would fast food pay 1 buck an hour?  


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noob_trad3r
 

Registered: Nov 2008
Posts: 1741

 

08-06-12 08:09 PM

What would be the salaries paid by Walmart etc..?

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Covertibility
 

Registered: Aug 2003
Posts: 3879

 

08-06-12 08:16 PM

If the moon fell out of its orbit, would I get a better prize in a crackerjack box?


Answer to both questions: unknown

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Random.Capital
 

Registered: Jan 2005
Posts: 3848

 

08-06-12 08:16 PM

Probably wouldn't be all that much different, unless we accepted a dramatic downgrade in minimum housing standards.

Or put another way - incomes couldn't be driven down unless housing costs also came down in similar fashion.

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noob_trad3r
 

Registered: Nov 2008
Posts: 1741

 

08-06-12 08:23 PM


Quote from Random.Capital:

Probably wouldn't be all that much different, unless we accepted a dramatic downgrade in minimum housing standards.

Or put another way - incomes couldn't be driven down unless housing costs also came down in similar fashion.



Most places from what I have seen pay higher than the Federal minimum.

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BSAM
 

Registered: Sep 1999
Posts: 8587

 

08-06-12 09:06 PM

If minimum wage law was repealed, would fast food pay 1 buck an hour?

No.

But, if everyone was on a level playing field in the USA, then there should be no minimum wage. The market should be the decider, not Little George W. Bush or some other dumbass bureaucrat.
But, it ain't that way.
Everything is tilted for the rich.

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hoodooman
 

Registered: Jun 2003
Posts: 4443

 

08-06-12 09:14 PM

A seven year old boy in my neighborhood comes around and blows my drive way off for a dollar.

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