Minimum wage is a character issue.

Discussion in 'Economy' started by Supposn, Jun 14, 2018.

  1. Supposn
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    Supposn VIP Member

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    Minimum wage is an issue of character.

    The essence of personal and political opposition to the FMW rate.

    The federal minimum wage, (FMW) rate is of net social and economic benefit to our nation. It has never been among the major causes of the U.S. dollar’s inflation; on the contrary, it’s certainly among inflations’ victims.

    No employees are poorer and no enterprises suffer any competitive disadvantage to any USA enterprises due to the FMW rate.

    [there’s no doubt that USA’s higher wage rates are a cause of our products’ price disadvantages in comparison to products from lower-wage nations; but although the elimination of our FMW rate laws would be greatly detrimental to our nation’s net social and economic well-being, eliminating it would accomplish extremely little to remedy our products’ global price disadvantages.
    [Refer to Wikipedia’s “Import Certificates” article.]

    I suppose most USA’s population, (significantly more than a 10% plurality) to some extent approve of federal minimum rate’s existence. There are few among wealthy or competent people that are opposed to the federal minimum rate.

    A great proportion of minimum rate opponents lack self-esteem. They need whatever affirmation of their own worth that they can derive by being able to look down upon people experiencing lesser financial conditions. They cannot acknowledge even to themselves their fears of improving the financial conditions of others would consequentially reduce their own social status. That’s the essence of personal and political opposition to the FMW rate.

    Respectfully, Supposn
     
  2. bear513
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    bear513 Diamond Member

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    Here,is a better idea,











    Get a skill




    Respectively,



    Bear513...


    .
     
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  3. martybegan
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    martybegan Diamond Member

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    The issue is when you make the minimum wage more than the value added by the person via their labor.

    It's not about character at it's base level, it's about economics.
     
  4. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    No employees are poorer and no enterprises suffer any competitive disadvantage to any USA enterprises due to the FMW rate.

    The people who are made poorer by the FMW are those who are never hired because the FMW is more than their value added.

    but although the elimination of our FMW rate laws would be greatly detrimental to our nation’s net social and economic well-being,

    Evidence of your claim would be nice.

    A great proportion of minimum rate opponents lack self-esteem.

    Wow, Milton Friedman and Sigmund Freud all in one!!
     
  5. eflatminor
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    eflatminor Classical Liberal

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    Here's the problem with government meddling in a consensual agreement between a worker and an employee:

    When you impose a minimum wage, those folks who are the most vulnerable citizens in our society are forced out of the legitimate market for labor. Low skills, low intelligence people end up on the dole or are forced into the black market, working under the table, if they can get it. I say to keep a man from working is immoral. Stick your meddling.
     

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