Hello, I'm one of those abolish the minimum wage types, pleased to meet ya. /shakes hand.
Granted, many things have to stop happening first before I would say getting rid of the minimum wage is feasible. Things like ending government deficit spending, ending Federal Reserve issuance of unbacked currency, and banks must keep one dollar of collateral for each dollar they lend. Without reform all these actions debase the money supply, and cause inflation, thereby degrading the purchasing power over time of everyone using that money.
Hello, I'm one of those abolish the minimum wage types, pleased to meet ya. /shakes hand.
Granted, many things have to stop happening first before I would say getting rid of the minimum wage is feasible. Things like ending government deficit spending, ending Federal Reserve issuance of unbacked currency, and banks must keep one dollar of collateral for each dollar they lend. Without reform all these actions debase the money supply, and cause inflation, thereby degrading the purchasing power over time of everyone using that money.