Can minimum wage ever be too high?

[dblack]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

 

[Blackrook]

Let's make the minimum wage $250 per hour and we will all be as prosperous as lawyers.

 

[Natural Citizen]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

Great question.

 

[Mr Natural]

The republican mantra:

“Fuck the Worker!”

 

[Natural Citizen]

If we're gonna raise it to 15, then, what's to say we can't raise it to 100 an hour?

There's a real answer to this question.

 

[Wyatt earp]

Their is no reason for it not to go to a billion dollars an hour and make everyone happy.


.

 

[dblack]

The republican mantra:

“Fuck the Worker!”

Can you answer the question? Honestly?

 

[task0778]

It's too high when:

1. The worker is replaced by a machine or robot.

2. You can't raise the price of your goods or services to cover the higher costs of labor, AND

3. You can't afford to stay in business and pay the higher wage AND

4. You can't afford to move offshore. SO,

5. You have to go out of business.

 

[Andylusion]

The republican mantra:

“Fuck the Worker!”

Democrats mantra: "Fuck the workers! Socialism works! Look at Venezuela!"

 

[MarathonMike]

Not sure how many businesses could stay afloat paying their workers $100/hr and provide benefits. Sounds like Bernie Sanders fantasy world to me.

 

[task0778]

The republican mantra:

“Fuck the Worker!”

If that was true, Hillary would not have lost Ohio, Michigan, Wisconsin, and Pennsylvania.

 

[Cellblock2429]

The republican mantra:

“Fuck the Worker!”

/——-/ How do democRATs tax hikes and over regulation help the Workers?

 

[Maxdeath]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

I take it you are unfamiliar with economics even on an elementary level.
Part of the cost of any product, whether it is labor such as digging a ditch, to making a hamburger, to a private jet is dependent on the cost of people to do the job. That cost is not just pay but there are government payroll taxes, in some states, state taxes. There is the cost of unemployment insurance, workers compensation. There may also be costs for health and other insurance. Pay for payed time off.

So every time the price of doing something or making something goes up the price for that item must go up.

So you could raise a wage to $20.00 an hour for making a hamburger but then the price will go up to reflect that $20.00. In the end you may get an increase for a short period but then the increase will be eroded by the increase in goods, so you end up with what is called run away inflation.

Why do you think so many things are built overseas? Because wages are low and taxes are not so high. A Chinese factory worker makes about $2.00 an hour. Imagine what your flat screen or cell phone would cost if it was built by someone at $20.00 an hour.

 

[dblack]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

I take it you are unfamiliar with economics even on an elementary level.
Part of the cost of any product, whether it is labor such as digging a ditch, to making a hamburger, to a private jet is dependent on the cost of people to do the job. That cost is not just pay but there are government payroll taxes, in some states, state taxes. There is the cost of unemployment insurance, workers compensation. There may also be costs for health and other insurance. Pay for payed time off.

So every time the price of doing something or making something goes up the price for that item must go up.

So you could raise a wage to $20.00 an hour for making a hamburger but then the price will go up to reflect that $20.00. In the end you may get an increase for a short period but then the increase will be eroded by the increase in goods, so you end up with what is called run away inflation.

Why do you think so many things are built overseas? Because wages are low and taxes are not so high. A Chinese factory worker makes about $2.00 an hour. Imagine what your flat screen or cell phone would cost if it was built by someone at $20.00 an hour.

While I appreciate your attempt to insult me, you failed to answer the question.

What would make a given minimum wage too high?

 

[Cellblock2429]

Their is no reason for it not to go to a billion dollars an hour and make everyone happy.


.

/——/ a billion an hour? I’d work one hour then quit. Why be greedy?

 

[ThunderKiss1965]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

Let the market decide.

 

[dblack]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

Let the market decide.

You mean like everyone just spending their money on what they actually value? That sounds awfully democratic. I dunno.

 

[Brain357]

If so, how would you make the call? If not why not raise it to the point that we're all rich?

Of course it can. Inflation would make people making $100/hr poor.

 

[Brain357]

The republican mantra:

“Fuck the Worker!”

If that was true, Hillary would not have lost Ohio, Michigan, Wisconsin, and Pennsylvania.

Given our stagnant wages it seems like Republicans aren't really helping the worker.

 

[task0778]

The republican mantra:

“Fuck the Worker!”

If that was true, Hillary would not have lost Ohio, Michigan, Wisconsin, and Pennsylvania.

Given our stagnant wages it seems like Republicans aren't really helping the worker.

Is it not true that recent wage increases have been the best in 10 years, just under 3% annually? That ain't what I'd call stagnant, and the Repubs are sure as hell doing more for the average worker than the Dems did under Obama.

Average hourly wages jumped 9 cents, or 0.3%, to $26.74, according to the Bureau of Labor Statistics. That means wages have increased 2.9% over the last year — the biggest gain since the end of the Great Recession in June 2009.

Here’s one big reason wages increased at their fastest pace in 9 years