It is as though no one got paid any wages at all before there was a minimum wage.
No one hires anyone so that they can have a job, the job is for the work not the worker.
When there is full employment wages tend to rise , this is not a function of government.
When the government makes small jobs illegal, what has it really done?
The desperate break the law , and the law produces this desperation.
Right now only a small percentage of us make minimum wage , when the minimum is raised there will be a greater number at the minimum , and an other greater number working tax free for low wages.
How would this result in more value in circulation? It might cause more money to be in circulation, but this is more money paid on the same or less new value.
Lets say that you produce value at your job, at a steady rate, this is very likely actually true.
So then lets say that with no other change your pay rate is doubled.
To your employer the value received per dollar has been cut in half.
Can you cut the value of the money that much , and restrict the effect to only a part of the population , only a portion of the economy?
