Raising the Minimum Wage Is Not a Solution to Poverty

“Money is your work in paper form,” my high school history teacher told my class way back in 1987.  Then he pulled out his wallet and showed us a piece of green paper.  “This ten dollar bill represents about 30 minutes of value that I created by teaching you.  It is 30 minutes of my work represented in a piece of paper.”  He then explained that by spending the money, he is trading the value of his work for the value of another person’s work….

Full Story @ http://sjs.li/Rk0vou
#MinimumWage, #Poverty

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