First Globals are the least inclined of all age groups to agree with the view that minimum wage laws raise unemployment (25.8% agreed compared to 44.6% of Americans 65 years or older).
This law is supposed to be a basic economic fact. When government sets the conditions of employment, it restricts possibilities for mutual agreements between employers and employees, which results in lower number of agreements – that is, employment contracts, coming to fruition. Liberal voters are much more likely to deny this effect than conservative voters. Do Liberals and Conservative disagree on values or just facts?
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3 comments:
In his acceptance speech, Obama praised "New Deal". I guess these results are accurate.
I wonder if American first globals see other things as more related to unemployment than the minimum wage - things like companies relocating overseas, the decline of organized labor and unions, or more part-time jobs in the service industry and fewer full-time jobs in manufacturing. Maybe first globals don't see the connection between minimum wage and unemployment because they see more obvious connections between other issues and unemployment.
"Maybe first globals don't see the connection between minimum wage and unemployment because they see more obvious connections between other issues and unemployment"
Obvious connections? If anything, strong unions lead to greater unemployment and, as far as I can tell, free trade has no effect on unemployment (sure, some jobs are "lost" but they in fact they are "replaced" with others jobs).
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