Thursday, January 29, 2009

Yayyyyy Danielle!!!!!

I feel that Adam Smith would approve of the minimum wage laws that are in place in the U.S. currently. He feels that even in Barbarous societies men are all viewed as equals and have the same occupations first. That people in society are not necessarily given all the equal opportunities between the rich and the poor. Even though they are given a basic education, those who go to college are at a bigger advantage than those who haven't received one. He feels that it is not necessarily the child's fault if they have to immediately join the work force and don't have an opportunity to get a college education should be able to receive a substantial enough pay. He seems to feel that there is a skill within workers that use their hands more than their minds and that even though their jobs do not go with notice, their jobs are vital to society. I think Adam Smith would approve of the minimum wage laws in the U.S also because they make people more equal. With a min. wage law, people who do not have a skilled job that would tend to be payed less than the min. wage are made more equal to those who get paid large amounts of money. He says when talking about what people must contribute to taxes "In proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy." I think Adam Smith would agree with min. wage laws.

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