tag:blogger.com,1999:blog-8897997766931633186.post1613576850241339909..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Monopsonistic CompetitionBill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8897997766931633186.post-11588837663262853012013-11-02T07:07:36.941-04:002013-11-02T07:07:36.941-04:00I tink most economists would agree a minimum wage ...I tink most economists would agree a minimum wage is a bad idea. A sma;; fraction of the USA labor force makes the minimum wage, about 1.6 million workers. <br /><br />I have pondered the 3.7 million veterans in the United States receiving monthly disability checks. What if businesses could hire a disabled vet at half the minimum wage---say $3.50 an hour. What if taking a sub-minimum was a condition of receiving the monthly check?<br /><br />Incredibly, there are more disabled vets than there are minimum wage workers in the USA, so this might be a good fit.<br /><br />Taking sub-minimum wage jobs would boost disabled incomes, give them a sense of worth, and might open up whole industries for the USA.<br /><br /><br /><br />It would be interesting to see if some factories would re-locate back to the USA if they could hire people at $3.50 an hour. What if vets had to work for $2 an hour? Would that bring back factories? <br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com