Eliminate Minimum Wage

"it's much better to enact a minimum wage law even if it deprives those unfortunates of work. better that the state should support the inefficient wholly and prevent the multiplication of the breed than subsidize incompetence and unthrift, enabling them to bring forth more of their kind." - Austan Goolsbee, Obama's economic adviser
 
OP- By far the lowest min wage in the modern world. Great job, GOP and its dupes.

The USA is the only modern country in the world where full time workers live in poverty and have no health care (750k bankruptcies a year, most HAVE insurance - crap insurance!)After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole? :cuckoo:
 
OP- By far the lowest min wage in the modern world. Great job, GOP and its dupes.

The USA is the only modern country in the world where full time workers live in poverty and have no health care (750k bankruptcies a year, most HAVE insurance - crap insurance!)After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole? :cuckoo:

Oh noes! We have not acquired as much socialism as the rest of the world! Quick, where's my safe space and coloring book?!
 
What would work is to get rid of a one size fits all minimum wage. A schedule would be much better. A very low wage, untaxed, for those just entering or seniors leaving the workforce. Graduated increases depending on training, education and skill level.
 
If they all went to get better jobs, who would do theirs? It's nothing but an arrogant disregard for others to characterize anyone who works for minimum wage as a welfare leech. Thanks for reminding me why we need those laws and why I'll never vote Republican.
Who is "we"?....
Genius....Its just the way it is...As those who acquire skills move on to other better paying positions, there are those seeking entry level work.
Of course, you think its "just pay them more"....It doesn't work that way. The money has to come from somewhere.
Also, you forget those in higher paying slots. Are they supposed to just allow no/low skill workers to make nearly that they earn without a single word of input?...
Lastly. You have every opportunity to open your own business and pay your people an amount you deem appropriate.
Try walking in the shoes of another before criticizing,....
 
What would work is to get rid of a one size fits all minimum wage. A schedule would be much better. A very low wage, untaxed, for those just entering or seniors leaving the workforce. Graduated increases depending on training, education and skill level.
Yeah..In theory this may work. But you introduce the government as a full partner in the decision making process. I think it should go in the opposite direction. Government already has too much influence in the marketplace.
If government would just get the hell out of the way, there would be no need for wage controls. No, I am not offering the idea of unfettered business activity. Not at all.
 
What would work is to get rid of a one size fits all minimum wage. A schedule would be much better. A very low wage, untaxed, for those just entering or seniors leaving the workforce. Graduated increases depending on training, education and skill level.
TipsyCatLover, the legally mandated federal minimum wage rate is the rate the minimum rate applicable to the least qualified and least desirable job applicant.

Employers are not required to offer employment or to hire anyone. We suppose employers hire because they perceive a net benefit to be gained from employees' labors, or they perceive a net detriment if they do not hire people to perform the tasks that they require to be accomplished.

Wherever there's no definite minimum wage rate reasonably enforced by legal or other means, there's an indefinite market determined minimum-rate. The indefinite minimum is determined by a “race to the bottom”. It's the not a sustainable rate and it's generally of extremely poor purchasing power.

The definite or indefinite minimum effects all other wage rates in the same labor market, but it doesn't affect them all equally. The extent of minimum rate's positive effects upon jobs' rates are inversely related to the difference between the jobs' and the minimum-rate. Those jobs paying the least are most affected, and those jobs paying the most are least affected by the minimum-rate.

This is what economist describe as “wage-differentials”, and is determined by the labor markets. This is what's due to factors such as you mentioned, "training, education and skill levels".

Respectfully, Supposn
 
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The federal minimum wage rate promotes automation. Both the minimum wage rate and automation have always been of net economic benefit to USA's economy. The minimum rate would have been of greater benefit if it had been annually cost-of-living adjusted.

The minimum wage rate is not among the major drivers of U.S. dollar's inflation, but it's certainly a victim of that inflation.



Respectfully, Supposn
 
The federal minimum wage rate promotes automation. Both the minimum wage rate and automation have always been of net benefit to USA's economy. The minimum rate would have been of greater benefit if it had been annually cost-of-living adjusted.

The minimum wage rate is not among the major drivers of U.S. dollar's inflation, but it's certainly a victim of that inflation.



Respectfully, Supposn
 
Ever since the liberals invented minimum wage laws the welfare leeches that couldn't get a free ride from the tax payers have depended on minimum wage laws. This makes the government force employers to overpay the lazy workers who would be sitting at home if they could. Instead of more of Obama's socialism by raising the minimum wage we should eliminate the minimum wage all together. This would bring prices down and let higher wage earners be able to afford a better lifestyle. It would raise profits and best of all it would motivate the lazy welfare leeches to go find better jobs that pay more if they want to survive. The liberals will boo hoo and cry for the poor but that is because most of them are the bums that are to lazy to go find a decent job and want to live off the hard working conservatives.

The Minimum Wage, Employment and Income Distribution


Idiot
 
If they all went to get better jobs, who would do theirs? It's nothing but an arrogant disregard for others to characterize anyone who works for minimum wage as a welfare leech. Thanks for reminding me why we need those laws and why I'll never vote Republican.

You have fallen onto the liberal trap that stealing from hard working people and giving it to the lazy will help America. Why is this so hard for liberals to see are they really that stupid?


You perfectly explain why the republic party in California has lost all relevancy.
 
The federal minimum wage rate promotes automation. Both the minimum wage rate and automation have always been of net benefit to USA's economy. The minimum rate would have been of greater benefit if it had been annually cost-of-living adjusted.

The minimum wage rate is not among the major drivers of U.S. dollar's inflation, but it's certainly a victim of that inflation.



Respectfully, Supposn


The federal minimum wage doesn't effect automation. Businesses have been automating long before any federal minimum wage.
 
The federal minimum wage rate promotes automation. Both the minimum wage rate and automation have always been of net benefit to USA's economy. The minimum rate would have been of greater benefit if it had been annually cost-of-living adjusted.

The minimum wage rate is not among the major drivers of U.S. dollar's inflation, but it's certainly a victim of that inflation.



Respectfully, Supposn


The federal minimum wage doesn't effect automation. Businesses have been automating long before any federal minimum wage.
Otto105, higher wage rates accelerate enterprises reducing net costs by replacing employees with machines. But automation has always been to our nation's net economic benefit.
Rather than net reduction of jobs, computers enable us to gather, analyze and use quantities of data that could not otherwise be handled. The computer age has net increased employment in the USA and throughout the world.

Respectfully, Supposn
 
I think we should go up to 12 bucks per hour, but our main goals should be to close the loop holes on big corporations and rebuild our unions in order to get the money more spread out to the workers.
ScienceRocks, I'm an old man, but I believe our federal minimum wage rate's purchasing power will inevitably be increased and it will be annually cost-of-living adjusted within my lifetime.
I advocate the minimum rate be gradually increased to 1.5 times its peak purchasing power of 1968; but I'm not predicting that will be achieved.

I'm confident that USA adopting the global trade proposal described within Wikipedia's “Import Certificates” article would be to our economic advantage. But I'm not confident that our nation will do that within my lifetime.

Respectfully, Supposn
 
I think we should go up to 12 bucks per hour, but our main goals should be to close the loop holes on big corporations and rebuild our unions in order to get the money more spread out to the workers.
Blah blah blah, Unions do not help workers. Unions are BIG businesses. The time of unionism is past. Stop it
 
The federal minimum wage rate promotes automation. Both the minimum wage rate and automation have always been of net economic benefit to USA's economy. The minimum rate would have been of greater benefit if it had been annually cost-of-living adjusted.

The minimum wage rate is not among the major drivers of U.S. dollar's inflation, but it's certainly a victim of that inflation.



Respectfully, Supposn

I understand that even the oldest profession is falling victim to automation, and hookers are being replaced with sex robots.

Ah, modern America.
 
Raise the minimum wage laws high enough and we will have unemployment high enough to break the economy. Maybe then it can be replaced by something more realistic such as minimum wage by category since everyone is not created equal.
Katzndogz, the federal minimum wage rate is applicable to the least desirable job applicant for the least challenging job, in the USA labor market of the lowest pay scales for such jobs and applicants.

It is the legally defined minimum rate for all labor markets within the USA. The federal minimum wage rate has a positive effect upon all USA wage scales, but it doesn't affect all wage scales to the same extent.

The extent of the minimum's effect is proportional to the difference between the federal minimum rate and the job 's rate. The minimum rate is inversely related to the jobs' rates. The lowest paying jobs are most affected, and the highest paying jobs are the least affected by the minimum's rate.

Although the federal minimum wage rate determines the rates for the least paying USA jobs, it does not otherwise determine wage differentials for all other USA jobs; all other jobs' wage scales are determined by their labor markets' prices.

Respectfully, Supposn
 

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