Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 (Tek) 9/26/83; site azure.UUCP Path: utzoo!linus!decvax!tektronix!teklds!azure!billp From: billp@azure.UUCP (Bill Pfeifer) Newsgroups: net.politics Subject: Re: Unemployment & the minimum wage Message-ID: <37@azure.UUCP> Date: Mon, 6-Aug-84 12:36:16 EDT Article-I.D.: azure.37 Posted: Mon Aug 6 12:36:16 1984 Date-Received: Wed, 8-Aug-84 00:49:54 EDT Organization: Tektronix, Beaverton OR Lines: 26 --------------------- > The point of the minimum wage is to reduce the cutthroat wage > competition, which does not benefit ANY worker. BULL! The point is that persons about to enter the workforce (like teenagers with no experience) can do so only through union and federal jobs programs. > The unions that you like to rail against have also fought mightily > for a jobs program ... What a coincidence! :-) I once worked at a TV service shop, when someone applied for a job as a service technician. This person had just finished a TV service course, apparently had a good grasp of the theory, but had zero work experience. We tried him out for 2 days, but it was obvious that his skill at that time was worth much less than minimum wage. If we had kept him, constantly losing money, he probably would have gradually built up his experience. In order to recoup our losses, we would have had to pay him less than his worth for some time after. However, as soon as he could have found a better paying job elsewhere, he would have left immediately, leaving us permanently with the loss. The only way to makeup for these losses would have been to raise the repair rates to the customers, but because of intense competition, this was not possible. So, sorry about that, but we don't have a job for you! Bill Pfeifer {ucbvax,decvax,ihnp4,allegra,uw-beaver,hplabs} !tektronix!tekmdp!billp