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A comment on The Growing Underclass: Jobs Gone Forever. Parent comment

Re:The Growing Underclass: Jobs Gone Forever by ja30278 on Friday January 29, 2010 @11:57AM (#1086862)
Do you think that cost of labor has any connection to prices, which , in aggregate, creates the cost of living in any particular place?

In other words: higher minimum wage = higher prices = higher 'cost of living'

As a thought experiment, would you support making the minimum wage $1000/hr. If not, why not?

Honestly, the concept of a 'minimum wage' is one of the stupidest things I can imagine.

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Re:The Growing Underclass: Jobs Gone Forever by ippisl on Friday January 29, 2010 @02:15PM (#1087277)
It all depends on the job and how labor intensive it is. For many jobs that are not labor intensive , reducing wages below won't make a huge difference , but for those who wok for this jobs , it will make a huge difference.
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