Not one of y'all has noticed that there were two parts to his question.
Originally Posted by Sidewinder
I doubt that anyone actually failed to notice that there were two parts to his question. It's just that he generally couches his insult-laden "arguments" in such a ridiculous fashion that people tend simply to treat him with the contempt he so richly deserves.
Sidewinder, it doesn't appear that you're a frequent participant in this forum, so there's something you should know. Barleycorn generally acts like a troll and a childish jackass, and continually hurls insults at those with whom he generally disagrees. And I say that as someone who's a bit to the right-of-center on most fiscal and economic matters, and who would agree with him on a great number of issues, even though I'm undoubtedly nowhere near as conservative as he is. Although he occasionally makes a good point, he continually floods the forum with insulting, ridiculous nonsense. And he's rarely capable of articulating his views in any coherent fashion. In short, he's simply an abject embarrassment to smarter conservatives. So in case you're wondering why so many people ridicule him or condescend to him, that's why.
But back to the minimum wage, I'm in general agreement with the assessment offered in Sidewinder's last paragraph. All the demagoguery surrounding the minimum wage is far more about politics than economics. There's no credible evidence that a big minimum wage increase would, in the aggregate, do much to reduce poverty or income disparity. And if pressed too far, it would clearly be distortive to the labor market -- and thereby to the economy -- in a variety of ways. I would also note that at least up to a certain point, increasing the earned income tax credit is better than increasing the statutory minimum wage, since it doesn't disincentivize work relative to receiving unemployment compensation, welfare, and other benefits.
It's easy to see why Democrats can demagogue and game this issue in ways that redound to their bebefit. Republicans don't have an easy way of making their case here, because anything they do or say is likely to backfire by making it look like they're simply shooting themselves in the foot in something resembling their customary, ham-handed fashion.