Quote:
Originally Posted by GGG
I think the concept that the government should not be subsidizing jobs is false. The market for employees will be what it will be and they should be paid what the market will bare. The government through taxation of higher income earners and corporations should make up the difference.
We have public funded healthcare and education and we do not expect the tax payments from someone earning minimum wage to cover these expenses so why do we expect to cover their living expenses?
Targeting government subsidy makes far more sense than a blanket minimum wage.
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I agree. If you want higher incomes, it should be the responsibility of government policy, not thrown on the backs of small business.
The more efficient the market, the more jobs that will be created by small business. Let the market determine what the wages need to be for the labour created.
And then if subsidy is required, that should be a burden of the state.
Forcing artificially high wages on small businesses reduces efficiency and thus the total number of jobs created.