Expectations of Minimum Wage

[Toddsterpatriot]

What income is required for a "living wage"?

Rent, food, a little extra for a car payment and/or college.

Can't you be a little more precise?

No.

Sorry, low skilled workers aren't going to be able to earn enough to buy a house in the suburbs.

Who said anything about buying. The correct word would be Rent. And they wouldn't need to rent a whole house if they are single.

Well, if the lowest 2% of workers can't afford rent, where are they living?

 

[Slyhunter]

Rent, food, a little extra for a car payment and/or college.

Can't you be a little more precise?

No.

Sorry, low skilled workers aren't going to be able to earn enough to buy a house in the suburbs.

Who said anything about buying. The correct word would be Rent. And they wouldn't need to rent a whole house if they are single.

Well, if the lowest 2% of workers can't afford rent, where are they living?

In Hong Kong like this

In Japan like this -->

In the US I visited a Mexican friends home once. One of them had a thin matt on top of the washer and dryer for a bed. Clothes were hung up instead of a door. They had like 10-15 people in a 3 bedroom home. That is not what I would call a living.

 

[Toddsterpatriot]

Can't you be a little more precise?

No.

Sorry, low skilled workers aren't going to be able to earn enough to buy a house in the suburbs.

Who said anything about buying. The correct word would be Rent. And they wouldn't need to rent a whole house if they are single.

Well, if the lowest 2% of workers can't afford rent, where are they living?

In Hong Kong like this

In Japan like this -->

In the US I visited a Mexican friends home once. One of them had a thin matt on top of the washer and dryer for a bed. Clothes were hung up instead of a door. They had like 10-15 people in a 3 bedroom home. That is not what I would call a living.

 

[dblack]

That's what people don't get. People who don't make enough money to live on are doing a job that society doesn't value very much. That won't change by government mandate. We can play all the games we want, monkey with the numbers and establish artificial minimums - but you're still not going to be able to buy a house and raise a family as a burger flipper at a fast food chain.

Then fast food chains shouldn't exist.

And their employees? Should they not exist as well?

 

[Toddsterpatriot]

That's what people don't get. People who don't make enough money to live on are doing a job that society doesn't value very much. That won't change by government mandate. We can play all the games we want, monkey with the numbers and establish artificial minimums - but you're still not going to be able to buy a house and raise a family as a burger flipper at a fast food chain.

Then fast food chains shouldn't exist.

And their employees? Should they not exist as well?

$0 is better than $7.25.

 

[Supposn]

Definition of BOLSTER : bolster
verb bolstered; bolstering\ ˈbōl-st(ə-)riŋ \
Definition of bolster (Entry 2 of 2)
transitive verb
1 : to support with or as if with a bolster : reinforce lay bolstered up in bed extra men will bolster already augmented dock details— Stanley Levey
2 : to give a boost to news that bolstered his spirits
/////////////////////////////////////////////////////////////////////////////​

I think 'bolster' means 'inflate'.

I don't see how $7.25/hour inflates everyone else's wages.

ToddsterPatriot and DBlack, the federal minimum wage rate doesn't necessarily increase, but it bolsters all other USA wages. It's greatest benefits are to lower wage scales and are reduced as wage scales increase. Due the minimum wage rate and the concept of wage differentials, lower-wage laborers in particular, (but all employees to some extent) befit from greater security and negotiating positions regarding their wage rates.

ToddsterPatriot, to the extent that there's a scarcity of available or potentially available labor to fill any particular existing or anticipated job opening, it is that scarcity which will primarily the market rate for that job's labor; (we're assuming an effectively enforced federal minimum rate that's less than that what would (in absence of the enforced minimum rate), then be less than the market rate for a scarcely available employee). Other than such cases, every USA wage is to some extent bolstered by the extent of the enforced minimum rate's purchasing power. ...

How many different ways can I express this same concept before you guys get it?
Respectfully, Supposn

 

[Supposn]

That's what people don't get. People who don't make enough money to live on are doing a job that society doesn't value very much. That won't change by government mandate. We can play all the games we want, monkey with the numbers and establish artificial minimums - but you're still not going to be able to buy a house and raise a family as a burger flipper at a fast food chain.

Then fast food chains shouldn't exist.

And their employees? Should they not exist as well?

ToddsterPatriot, Dblack, and SlyHunter, that's the point. Rather than tolerating employers to some extents undermining all USA wage scales, It's both economically and socially preferable that those employers not be permitted to operate and government invest to provide unemployment insurance systems and public schools.

Respectfully, Supposn

 

[Toddsterpatriot]

Definition of BOLSTER : bolster
verb bolstered; bolstering\ ˈbōl-st(ə-)riŋ \
Definition of bolster (Entry 2 of 2)
transitive verb
1 : to support with or as if with a bolster : reinforce lay bolstered up in bed extra men will bolster already augmented dock details— Stanley Levey
2 : to give a boost to news that bolstered his spirits
/////////////////////////////////////////////////////////////////////////////​

I think 'bolster' means 'inflate'.

I don't see how $7.25/hour inflates everyone else's wages.

ToddsterPatriot and DBlack, the federal minimum wage rate doesn't necessarily increase, but it bolsters all other USA wages. It's greatest benefits are to lower wage scales and are reduced as wage scales increase. Due the minimum wage rate and the concept of wage differentials, lower-wage laborers in particular, (but all employees to some extent) befit from greater security and negotiating positions regarding their wage rates.

ToddsterPatriot, to the extent that there's a scarcity of available or potentially available labor to fill any particular existing or anticipated job opening, it is that scarcity which will primarily the market rate for that job's labor; (we're assuming an effectively enforced federal minimum rate that's less than that what would (in absence of the enforced minimum rate), then be less than the market rate for a scarcely available employee). Other than such cases, every USA wage is to some extent bolstered by the extent of the enforced minimum rate's purchasing power. ...

How many different ways can I express this same concept before you guys get it?
Respectfully, Supposn

lower-wage laborers in particular, (but all employees to some extent) befit from greater security and negotiating positions regarding their wage rates.

Potential workers with no skills can be priced out of the job market by the minimum wage.

How many different ways can I express this same concept before you guys get it?

I get your concept. Your concept is wrong.

 

[Toddsterpatriot]

That's what people don't get. People who don't make enough money to live on are doing a job that society doesn't value very much. That won't change by government mandate. We can play all the games we want, monkey with the numbers and establish artificial minimums - but you're still not going to be able to buy a house and raise a family as a burger flipper at a fast food chain.

Then fast food chains shouldn't exist.

And their employees? Should they not exist as well?

ToddsterPatriot, Dblack, and SlyHunter, that's the point. Rather than tolerating employers to some extents undermining all USA wage scales, It's both economically and socially preferable that those employers not be permitted to operate and government invest to provide unemployment insurance systems and public schools.

Respectfully, Supposn

It's both economically and socially preferable that those employers not be permitted to operate

Rather than allow the lowest skilled/least experienced workers to get a start in the job market, we
must saw off the bottom of the ladder before they can get started. Because welfare is better, hmmmmm?

 

[dblack]

How many different ways can I express this same concept before you guys get it?

As long as you keep ignoring reasonable criticism, simply repeating the same tired claims isn't very persuasive. I'll continue to see minimum wages as just another wedge issues for socialists.

 

[Flopper]

I suppose for the benefit of their economy and society, every industrial nation has some laws or regulations that perform functions similar to USA's federal minimum wage rate. Eliminating the federal minimum wage rate would be devastating.
The federal minimum rate is not among the primary drivers of the U.S. dollars inflation. The dollar loses purchasing power even when the minimum rate's not increased.

I'm a proponent of annually increasing the federal minimum's rate by 12.5% until it achieves 125% of its February 1968 Consumer Price Index's value. Thereafter it should be annually monitored and adjusted as to retain that purchasing power.

Respectfully, Supposn

Only about 2% of the hourly workers age 16 and older make the federal minimum wage or lower. Federal minimum wage rises only when practically everyone in the country is making higher wages. Bank of America announced it is raising it's minimum wage to $20/hr over the next two years.