I believe that the consumers would keep the costs in check, thus yielding the employer less profit. As it is and especially was (with the housing boom) houses were being built cheaply with cheap labor and the costs, IMO, were not that low.. Thus the employer obviously made money hand over fist. The way I see it, we could have had the same houses for about the same amount of money with the employer making less (because he has to pay his employees a decent wage and payroll taxes) (which btw would benefit some of these social progams that are suffering). The consumer usually controls the market, even with fuel to an extent.
You realize the more profits an employer makes the more said employer is able to create new jobs through expanding the business?
given that I asked the question, you should have understood that your point made no sense without some context. Maybe you could provide some.
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I thought you were disagreeing with eradicating the minimum wage from the context. Hence, the question marks.a previous poster made a statment about eliminating minimum wage. I agreed with him and added what I said in response to his post. Meaning that I don't feel that a minimum wage is needed for 16 year old McDonalds workers. Let the market determine what that job (and similar ones) is/are worth.