Ederik Schneider Online

Wednesday, January 29, 2014

Commonsense Capitalism: Video: PBS NewsHour: U.S Representative Charles Rangel Debate Dr. Walter Williams on The Minimum Wage


This post was originally posted at The New Democrat on Blogger

Sounds to me that whatever spin that Common Sense Capitalism wants to give it, that Representative Rangel was arguing not only in favor of the minimum wage, but empowering those workers to be able to get additional skills so they wouldn’t have to work for the minimum wage. And be able to get better jobs and be able to support themselves. With Dr. Williams arguing and using traditional spin of the Right that the minimum wage kills jobs and costs others jobs even when some others are getting jobs.Representative Rangel was arguing for economic empowerment for low-income low-skilled workers. So they wouldn’t have to work for the minimum wage long-term. While Dr. Williams was making the so-called free market argument when it comes to employee compensation. “Let the free market decide”. When in fact the so-called free market wouldn’t decide that. Employers who just happen to be part of the market, would decide what wages should be for everyone including themselves.