The Nader solution to immigration and poverty
June 4, 2004
Print more money:
PB: Say we went to $10 an hour minimum wage. It is 50 cents an hour in Mexico. Why wouldn’t that cause not 1.5 million, but 3 million to head straight north where they could be making 20 times what they can make minimum wage in Mexico?
RN: Because 14 million Americans are unemployed or part-time employed who want full employment or have given up looking for jobs. The more the minimum wage goes up, the more they will do so-called work that Americans won’t do. They are not going to do it at $5.15 an hour and have another used car, another insurance policy, another repair bill to get to work, but they are much more likely to do it at $10 an hour.
The second is to enforce the law against employers. It is hard to blame desperately poor people who want to feed their families and are willing to work their heads off. You have to start with Washington and Wall Street.
— The American Conservative: Ralph Nader: Conservatively Speaking
He left out the part where a $10 minimum wage would drive up the price of that $700 used car that I was eyeing up to something like $1200, even $1400. Perhaps Doc J’s brevity does it the most justice: Another scientific theory shot to hell: Matter and anti-matter collide with no meaningful results.
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Interesting site, keep up the good work.