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The Minimum Wage Should be Abolished.

In case youre unaware, Macroeconomics is economics dealing with broad society, im not sure what you mean by economic theory in that sense. I was merely saying "this is how MW works in the broad sense". Im not sure how that constitutes a legit argument on your part though. Ill go down on your numbered responses: 1) You misunderstand, workers get laid off as a result of poor production. Minimum wage that forces the worker to work harder (in the way you portray it) is in fact, the ideal criterion of capitalism. My argument are not based in a fake world. Stable economies have, and in some places do, exist. In an unstable economy (where there is poor production and a lack of jobs are available) there are going to be layoffs no matter what the MW is or if it exists at all. 2)you did not demonstrate that at all. only that 10 people in your example would lose thier jobs, but i logical showed you how that isnt true. 3) Im not assuming that businesses are alone in setting prices of their products. I am assuming that they would (in your MW-less world) would be free to set the wages of their employees. I understand what you say about the job pool, but look at it like this: cell phone companies charge ridiculously high prices for an unlimited, overhead-less product... "minuets". How does this happen? The cell phone minuet industry is by no means a monopoly? It happens because if all the companies work together to sell at the same price, they dont compete, but share the market. The same happens if you have no MW. you end up with companies who make the universal agreement to pay lower workers, lower wages (i.e. if all companies pay their factory workers 2 bucks an hour, whos gonna stop them?) If your competitive job pool assumption was correct, current companies restricted by the MW laws would offer their employees above MW to attract them away from competing companies. Unfortuneatley, that doesnt happen 4) i did address this, refer to my opening rebuttal in round 1. 5) Theres no such thing as an economy that has a 0 unemployed rating, but there by all means are stable economies (research US of the 90s, UK of early 00s, israel now). Prices are created by supply and demand, but MW doesnt increase price unless youre willing to give companies that free will that allows them to abuse workers. In all, this debate comes down to whether or not you can prove logically or empirically that abused workers is a justified means to reaching the end result of cheaper products. Morally, ethically, economically and politically, youre 100% wrong.