Quote:
Originally posted by promethius9594:
raising the minimum wage has nothing to do with it. raising the minimum wage only ensures that the price of goods also increases.
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According to basic economic theory, yes. In practice, no, not judging by the experience of the UK since the introduction and subsequent raising of the minimum wage.
Quote:
Originally posted by promethius9594:
only the restoration of a true capitolist system can do that.
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It appears to be the true capitalist system that allows 50 million americans to go without any health cover. That's almost the entire population of the UK! Markets allocate efficiently in most cases, but certainly not fairly.
[ 04-26-2004, 06:47 PM: Message edited by: shamrock_uk ]