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| Topic: Minimum Wage? | |
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Edited by
Conrad_73
on
Fri 05/23/14 08:34 AM
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supply and demand cigarettes are addicting, I doubt even a rise in price reduces how much people smoke money is necessary, employers need both employees and custmers to make money paying employees competitive wages (wages which meet THEIR monetary need) makes sense so that people earn more and have more money to spend which in turn maintains the profits needed to pay the higher wages,,,etc,,etc,,, Higher Profits? If your wages go too high,and cut into profits,your Investors will invest elsewhere,besides,how can some Government-Idiot sitting in some Government-Office determine what wages workers ought to make? Wages are a part of the Price a finished product will cost! Still want to tell me anyone is worth $15.- flipping Hamburgers? And if anyones capacity is only sufficient to flip Burgers,why should they be paid the wages of a skilled Machine-Operator or any other skilled Tradesman? http://mises.org/daily/5865/MinimumWage-Rates Well,we made short shrift,last Sunday,of the proposal by the Unions and sundry Left Parties to set a $25.-/Hour Minimumwage! http://www.swissinfo.ch/eng/swiss_news/Swiss_say_no_to_world_s_highest_minimum_wage.html?cid=38543758 Swiss say no to world's highest minimum wage Voters in Switzerland have rejected plans for a nationwide minimum wage. At CHF22 ($25) an hour, the limit would have been the highest in the world. |
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Edited by
Sojourning_Soul
on
Fri 05/23/14 08:32 AM
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You can bet these idiots haven't considered the higher taxes and union dues, or the higher costs of health insurance as they "elevate" themselves out of poverty! Most would probably make less than they do now as their welfare goes away from the higher wages! 
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You can bet these idiots haven't considered the higher taxes and union dues, or the higher costs of health insurance as they "elevate" themselves out of poverty! Most would probably make less than they do now! some of them know,but they think they will just go back to the Well again!
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Edited by
Sojourning_Soul
on
Fri 05/23/14 08:37 AM
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You can bet these idiots haven't considered the higher taxes and union dues, or the higher costs of health insurance as they "elevate" themselves out of poverty! Most would probably make less than they do now! some of them know,but they think they will just go back to the Well again! At $15 an hour there is no "well" to draw from any more. No welfare, no rent supplements, no WIC, no foodstamps, no free healthcare..... they're on their own!  OMG! I'm all for it! I can't afford to eat out anyway! Big Macs are already over $4 but KFC has a GMO chicken buffet at $5! Cancer in a bucket with all the trimmings!
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It doesn't matter even one bit what the number is. A higher number is arbitrary. Purchasing power is what matters. If less people are working because businesses can't afford the higher wages, then less is produced which means less for everyone no matter how you redistribute it. If EVERYONE worked, even at 1 cent an hour, more wealth would be created and we could all buy more. Money is after all nothing but a representation of labor. If no one labors, doesn't matter if you have a $500 minimum wage. Not suggesting that we have a 1 cent minimum wage, but not $16 per hour for flipping burgers either. If I paid my burger flipper $16/hr then I need to just close down shop cause I'm only paying myself $20 to run the joint....or maybe even less. My profit is now a loss... |
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Edited by
msharmony
on
Fri 05/23/14 09:15 AM
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supply and demand cigarettes are addicting, I doubt even a rise in price reduces how much people smoke money is necessary, employers need both employees and custmers to make money paying employees competitive wages (wages which meet THEIR monetary need) makes sense so that people earn more and have more money to spend which in turn maintains the profits needed to pay the higher wages,,,etc,,etc,,, Higher Profits? If your wages go too high,and cut into profits,your Investors will invest elsewhere,besides,how can some Government-Idiot sitting in some Government-Office determine what wages workers ought to make? Wages are a part of the Price a finished product will cost! Still want to tell me anyone is worth $15.- flipping Hamburgers? And if anyones capacity is only sufficient to flip Burgers,why should they be paid the wages of a skilled Machine-Operator or any other skilled Tradesman? http://mises.org/daily/5865/MinimumWage-Rates Well,we made short shrift,last Sunday,of the proposal by the Unions and sundry Left Parties to set a $25.-/Hour Minimumwage! http://www.swissinfo.ch/eng/swiss_news/Swiss_say_no_to_world_s_highest_minimum_wage.html?cid=38543758 Swiss say no to world's highest minimum wage Voters in Switzerland have rejected plans for a nationwide minimum wage. At CHF22 ($25) an hour, the limit would have been the highest in the world. I would suggest no such thing as that seems to be another EXTREME people argue for. Simply put though, no one working 40 hours a week should be in poverty. In America, 15 per hour would amount to 31,200 for anyone working four hours, which is nearly THREE TIMES The poverty threshold. That would, of course, be ridiculous. The poverty threshold for an American is currently almost 12000 per year. It goes up only three of four thousand per person you add to the household. For means tested programs, there is usually a cap of 140 percent of poverty level which means we aim for people to have 16000 per year and 5000 more per person. That is 7.70 per hour for a single person only supporting themselves, and around 10 if they have another person to support. As more single parents (cultural changes in ideas about sex and conception and fatherhood) are 'choosing' minimum wage jobs, that 10 per hour would be the more reasonable minimum wage. 15 is indeed as preposterous as 5 would be. |
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“Have you ever wondered why Republicans are so interested in encouraging people to volunteer in their communities? It’s because volunteers work for no pay. Republicans have been trying to get people to work for no pay for a long time. ” George Carlin
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“Have you ever wondered why Republicans are so interested in encouraging people to volunteer in their communities? It’s because volunteers work for no pay. Republicans have been trying to get people to work for no pay for a long time. ” George Carlin They have? First time that I've heard that whopper. Must have been a drug induced pipedream. I was told that the Republicans wanted to kill children and old people. Which is it? But, hey, I'm for it. But let's not stop there at $15/hr. go all in. Let's make it $30/hr minimum, with no food stamps, no housing assistance, no free medical ins., we'll see just how many will jump on that boat. |
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George Carlin was a political comedian making a poitical joke
15 hour is far from the 'nothing' he mentions 15 hour is a full tank of gas in the first two hours , as opposed to the first four,,,,,30 hour would be, obviously, only one hour of work to fill the tank,,,, so one can get back and forth to work the remaining hours,,,, |
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George Carlin was a political comedian making a poitical joke 15 hour is far from the 'nothing' he mentions 15 hour is a full tank of gas in the first two hours , as opposed to the first four,,,,,30 hour would be, obviously, only one hour of work to fill the tank,,,, so one can get back and forth to work the remaining hours,,,, Yes, $30/hr would go a lot further until gas goes up to 9.99/gal(which it would). One would have to work more hours also to cover the higher cost of food and housing. But heck, when that happens we can just raise the minimum wage again to say, $50/hr. That would work. 
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except no one is proposing 30/hr
what is being proposed is that the wage increase with the cost of living,, not vice versa when the col doesn't increase, the wage doesn't need to either, but the col is CONSTANTLY increasing,,,, |
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except no one is proposing 30/hr what is being proposed is that the wage increase with the cost of living,, not vice versa when the col doesn't increase, the wage doesn't need to either, but the col is CONSTANTLY increasing,,,, I hate when that cost of living goes up. What causes that? |
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So a person can live above the poverty level pretty much already with minimum wage or at least pretty close. So you are saying if people who cant afford to have kids dont then we dont need to raise minimum wage.?
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So a person can live above the poverty level pretty much already with minimum wage or at least pretty close. So you are saying if people who cant afford to have kids dont then we dont need to raise minimum wage.? Im saying as times change, and since the minimum wage only indicates the MINIMUM one can be paid , we should account for how many people are working jobs that are near to the minimum but who are trying to support families,, that is to say, to raise the bar to a standard that at least supports a household of two,,, |
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http://thesnarkwhohuntsback.wordpress.com/favorite-passages-from-atlas-shrugged/the-story-of-the-twentieth-century-motor-company-atlas-shrugged-part-ii/
also what happened to Detroit/Starnesville! |
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So a person can live above the poverty level pretty much already with minimum wage or at least pretty close. So you are saying if people who cant afford to have kids dont then we dont need to raise minimum wage.? Im saying as times change, and since the minimum wage only indicates the MINIMUM one can be paid , we should account for how many people are working jobs that are near to the minimum but who are trying to support families,, that is to say, to raise the bar to a standard that at least supports a household of two,,, So you are saying the employer should be forced to pay more for unskilled labor because, through no fault of the employer, their workers are trying to support a family? |
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So a person can live above the poverty level pretty much already with minimum wage or at least pretty close. So you are saying if people who cant afford to have kids dont then we dont need to raise minimum wage.? Im saying as times change, and since the minimum wage only indicates the MINIMUM one can be paid , we should account for how many people are working jobs that are near to the minimum but who are trying to support families,, that is to say, to raise the bar to a standard that at least supports a household of two,,, ...and you will invariably pay for it,since you're not the only one receiving a bigger Paycheck! when the Hamburger costs a Dollar more,the Customer wants a Payraise as well,then the Milk goes up a Dollar/gal,Bread will be up a Buck,Rent increases etc! Where does that leave you? Same quandary as before,so,lets raise the Minimum-Wage again,ad Infinitum!  http://mises.org/daily/6638/Welfare-Minimum-Wages-and-Unemployment |
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So a person can live above the poverty level pretty much already with minimum wage or at least pretty close. So you are saying if people who cant afford to have kids dont then we dont need to raise minimum wage.? Im saying as times change, and since the minimum wage only indicates the MINIMUM one can be paid , we should account for how many people are working jobs that are near to the minimum but who are trying to support families,, that is to say, to raise the bar to a standard that at least supports a household of two,,, So you are saying the employer should be forced to pay more for unskilled labor because, through no fault of the employer, their workers are trying to support a family? no, IM saying employers should pay REAONABLE and COMPETITIVE Wages that meet a standard for their employers needs, the way the employer sets their PRICES to meet the standards for their needs,,, its a two way street, and both sides interests are important,,, |
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So a person can live above the poverty level pretty much already with minimum wage or at least pretty close. So you are saying if people who cant afford to have kids dont then we dont need to raise minimum wage.? Im saying as times change, and since the minimum wage only indicates the MINIMUM one can be paid , we should account for how many people are working jobs that are near to the minimum but who are trying to support families,, that is to say, to raise the bar to a standard that at least supports a household of two,,, ...and you will invariably pay for it,since you're not the only one receiving a bigger Paycheck! when the Hamburger costs a Dollar more,the Customer wants a Payraise as well,then the Milk goes up a Dollar/gal,Bread will be up a Buck,Rent increases etc! Where does that leave you? Same quandary as before,so,lets raise the Minimum-Wage again,ad Infinitum! http://mises.org/daily/6638/Welfare-Minimum-Wages-and-Unemployment this assumes hat the price of a hamburger (don't know why that is the standard,, but ok,,,,) is going to be tied to the cost of milk,,,the two are not really related,,, I have been able to get a burger for a dollar at most burger joints for the past decade, in that same time the price of milk has gone from under 3 dollars to nearly 4 dollars and none of that takes into the count the CHOICE and RANGE from the lowest cost to the highest cost,, I can get SOME Brands of milk for 2.00 and I can get some burgers for as high as 7 |
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