FREEDOM FORUM: Discussion

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Doug French

The minimum wage should be the easiest issue to understand for the economically savvy. If the government arbitrarily sets a floor for wages above that set by the market, jobs will be lost. Even the Congressional Budget Office admits that 500,000 jobs

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Comment by PureTrust
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In general, and in the past, I would have said that there should be no minimum wage. But now I wonder. Here's what I mean.

While it is true that raising the minimum wage would simply give a lot of poor folks more money to squander on the idiot pleasures of life, the banking system is going to collapse soon. A new minimum wage of, say, $15 per hour, might be just the thing that the poor preppers need to set themselves up for the coming banking crash. After all, in the last two years, prices on all kinds of necessary commodities for living, have shot up drastically.

A minimum wage increase like the one above, just might change the face of business and marketing in some serious ways. Prices of commodities would go up to match the minimum wage increase, but people are waking up to the coming collapse. Many of them would act differently than they have in the past... if they only had a little more money to prepare.

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