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#21
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I am glad we agree that minimum wage is not the issue.
Of course if you raise the minimum age 150 percent in one shot that would cause problems. However, there is nothing wrong with having a minimum wage and, for example, indexing it to inflation. |
#22
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Assuming the min wage isn't already to high.
Based on the relocation of jobs to China and elsewhere min wages are too high. In fact, any min wage is by definition too high because if it was just right or too low then we wouldn't need to enforce the law anyway since wages would naturally be higher. |
#23
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It makes no sense to compare the two wage structures.
Those jobs that can be economically exported will be exported. However, it is unlikely that the Poker Dealer will be dealing from China anytime soon -- perhaps eventually, or perhaps poker tables at the Wynn will have little screens and cards that are electronically shuffled and dealt. Until then the wages will be set by management without comparison to what it would cost to hire and work a dealer in China. Of course all Free Trade agreements have as a side effect an equalization of standard of living and wages across the world. American wages will decline and the wages of the call center operator in Delhi will rise. |
#24
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Poker dealer jobes are lost to higher wages. In the poker room I have to tip and pay extra rake. That drives me towards online poker which has lower costs. Dealers in AC lose thier jobs PP call center people all the same.
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