LOki
The Yaweh of Mischief
- Mar 26, 2006
- 4,084
- 359
- 85
I make no such presumption... for you or others. Yet you do for the worker and me.We will never agree on this because you're wrong in presuming the employer will always pay the employee what his work is worth...Nonsense. It hasn't been worth it yet... not only has the cost of entitlements grown, so also has the cost of minimum wage.Before you produce data to support your obviously wrong assertions, make sure it is corrected for the effects of counter-inflation and counter-unemployment policies in place at the same time. Good luck.Fact is, since the Minimum Wage has existed, more Millionaires & Billionaires have been created in this country than ever before in history. Businesses have not only survived, they've thrived. So there is no evidence whatsoever that the Minimum Wage causes any perceptible negative impact on the Economy. All the gloom & doom 'Sky is Falling' predictions really are B.S. They've always been proven to be B.S. And this time will be no different.
The Wage will go up, and Businesses will be fine. In my own personal opinion, i think the Minimum Wage should be somewhere between $10-$12. $15 may be a bit much. I think $10-$12 is a survivable wage. But even at that, it will still be a struggle. So don't count on Minimum Wage for your survival. Get educated and skilled. That's the best way to go.
Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment. Statutory minimum wage ALWAYS contributes to unemployment.
There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work. It's just not possible.
Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws ALWAYS result in inflation. They necessarily must.
These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.
If they were not always failures--if they did not always result in unemployment and inflation--minimum wage proponents would not always be demanding that the minimum wage be increased... yet again!
Rather have em working and being productive Citizens, than permanently mooching Entitlements. They'll pay some taxes and put some money back into the economy. You may have to pay em a little more, but it'll be worth it in the end.
If statutory minimum wage did not always fail--if it did not always result in unemployment and inflation--minimum wage proponents would not always be demanding that the statutory minimum wage be increased... yet again!
Obvious nonsense.And like i said, Minimum Wage has never caused any perceptible negative impact on the economy.
We have more Millionaires & Billionaires in this country than ever before in our history.
Fine. It's well established that you refuse to accept the necessarily destructive economic realities appurtenant to statutory minimum wage.Paying Minimum Wage has very little, to no impact. It is what it is.
So tell us, what exactly is your objection to simply basing a worker's wages upon the what that worker's work is worth?
On what moral authority do you decide the employer is not paying the worker what the work is worth?
There is only one way to validly presume a worker's wages are not consistent with what a worker's work is worth... legislative fiat.
You are wrong in presuming that the government is competent at setting wages.
You are wrong to presume that all work merits a living wage.You are also wrong because if the employer does not pay the employee what his work is worth, (yes, a bare minimum living wage for full time work) then we, the tax payers will subsidize the business's profits by giving his employee the difference out of our tax dollars, yours and mine.
You are wrong to presume that statutory living wage is harmless. There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work. It's just not possible. Statutory living wage just expands that devaluation to retarded proportions.
The farther from $0/hr the statutory minimum wage gets, the more workers that necessarily must be underpaid to subsidize those being overpaid.
On what moral authority do decide for other people what their work is worth?