- Thread starter
- #41
You get your information from rap music videos, right?Lemme see here: So a 5/hr min wage will cause people to go into illegal activity but a zero/hr unemployment status wont? Are you fucking serious? Do you not understand that lot of inner city crime is created because young men have nothing to do but stand around a street corner?None of what you wrote was responsive to the OP or the article cited.Would you work for a buck fifty a day?
/nextFrom today's WSJ, Prof Macurdy shows that raising the min wage is really a tax on the poor, not a benefit to them. Among supprising findings, min wage workers exist across the household income spectrum. So Dad is a lawyer, mom is a dental tech and junior works min wage at Mickey D's. That's just as often as any other scenario. The crux here is higher min wages create higher prices, and since those higher prices disproportiantely affect the poor it is a tax on them, while min wage is spread evenly through the socio economic strata. Of course the Dims wont get this and will claim...well, you'll see.
Thomas MaCurdy The Minimum-Wage Stealth Tax on the Poor - WSJ
That's kind of a crappy argument.
With a wage of $11 per day not many Americans would be willing to do the work, but many Mexicans would still be better off, because they would earn about 3 times the minimum wage of Mexico, and besdes many jobs have already been offshored to China.
Low wages are a trap in the long run.
Arguably the south had very low wages and the north high ones, which incentivized industrialization. I probably don't have to remind you whose arse got kicked in the end.
Also, it kind of depends on what the company produces and where it produces it.
True , a rise in wage for constructors of a building in the Fifth avenue will probably make the building a bit more expensive, but, I would be amazed if any of the construction workers would be able to buy the condo they have just built.
Classical oversimplification : one size fits all. In real life labour plays a different percentage of the COGS and will not affect goods and services evenly.
None of what you wrote made a lot of sense. Zero is the lowest wage of all. Which is what happens when people are unemployed. Why is unemployment at zero wage better than employment at $5/hr?
For many reasons : Below certain level people migh just go for an informal job : e.g selling stuff at a flea market, or going to illegal activities : robbing ,drug trafficking.
Also, public transport is not cheap in the US.How much of those $5 will he have left after paying for transportation?
Many will be better of not working at all than working full turn just to pay for transportation... silly question. That can only be expected of someone who has never earned a minimum wage.
you're an idiot ... those dudes standing on the corner are called Gang members. They steal cars and sell drugs. Hell, the 10 year old riding a $1000 bicycle with an $800 phone in his pocket, watching out for cops in the neighborhood has more $$$ in his shirt pocket than you've ever seen. Min wage tax on the poor my ass.
Most drug dealers live at home because they cant afford their own places. See Freakanomics and the chapter covering that. Of course that wuld require you to get off your ass and read a book, which aint happening.