tag:blogger.com,1999:blog-5430866.post6703458214051471923..comments2024-01-02T08:54:14.406-05:00Comments on Peter Bromberg's UnBlog: The Minimum Wage Mythpeterbromberghttp://www.blogger.com/profile/18173639411723574123noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5430866.post-41897487494858332822012-01-17T11:04:15.034-05:002012-01-17T11:04:15.034-05:00@Peter very interesting argument. I've never h...@Peter very interesting argument. I've never heard this before. Thanks for sharingSameer Bhattiahttps://www.blogger.com/profile/02339811953182317072noreply@blogger.comtag:blogger.com,1999:blog-5430866.post-62974762491692800442012-01-17T11:03:26.074-05:002012-01-17T11:03:26.074-05:00Dennis you are silly. You cant take income from h...Dennis you are silly. You cant take income from here and compare to the 3rd world. $10k IS more than the median family income but how much does it cost to live in the 3rd world? I lived in Egypt on a rent of less than $300 a month, with food and everything costing peanuts compared to what it costs here.Sameer Bhattiahttps://www.blogger.com/profile/02339811953182317072noreply@blogger.comtag:blogger.com,1999:blog-5430866.post-78480175429170098032012-01-09T21:41:33.477-05:002012-01-09T21:41:33.477-05:00@Anonymous
The market will determine wages. If peo...@Anonymous<br />The market will determine wages. If people have the skills to provide value to an employer, then the employer should be willing to provide them a competitive wage, regardless of what the "cost of living" may happen to be.peterbromberghttps://www.blogger.com/profile/18173639411723574123noreply@blogger.comtag:blogger.com,1999:blog-5430866.post-85704359361102012532012-01-09T15:20:56.878-05:002012-01-09T15:20:56.878-05:00that it is impossible to support a family on the m...<i>that it is impossible to support a family on the minimum wage</i><br /><br />That's not true.<br />$5/hour is $10K/year.<br />It is still above median family income in the world.Dennis Gorelikhttps://www.blogger.com/profile/17700219093521377626noreply@blogger.comtag:blogger.com,1999:blog-5430866.post-50122877245778032012-01-09T09:42:07.082-05:002012-01-09T09:42:07.082-05:00I agree with many of your arguments, and follow yo...I agree with many of your arguments, and follow your blog on a regular basis. With the current system in place (and not likely go go anywhere anytime soon), one of my questions though, is how to you offset the rising cost of living if you don't raise wages?Anonymousnoreply@blogger.com