Wednesday, October 26, 2011

Herman Cain: Getting rid of minimum wage

What a wonderful idea. I couldn't imagine the unemployment rate if the minimum wage were taken away. One can only speculate. Many people say that they won't be able to survive off of a low wage. My question is, how can anyone survive off of $7.25 an hour? Even more, how can anyone survive off of zero?  One would think that working for 2 or 3 dollars an hour would be better than none at all. And if this in turn reduces prices of goods, then wouldn't making less money not really be a difference?  It hurts everyone this minimum wage. It pays people who aren't worth their wage too much. Why try for better if one is content? It raises prices of goods. Well that just hurts everyone. If one really wants to make a good wage, they need to earn it...not have it given to them by politicians in Washington.

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