I am not arguing to pay people more to do less. I am arguing to pay minimum wage earners more to do the work there are currently doing. Someone who works at McDonalds is working hard, probably harder than yourself, at a job that most people would not wish to do. They do so because they lack skills, but it is still honorable work. Think about that next time you order a big mac.
You truly don't understand economics or business. Those people are getting paid
exactly what they are worth. If they weren't, they wouldn't work that job. Why do you think a CEO doesn't get paid minimum wage? Because they won't do that job for that price. Why do you think engineers don't get paid minimum wage? Because they won't do that job for that price. The owners/board realize they have to pay a CEO six or seven figures - it's not that they want to pay that much.
The market will bear exactly what you are worth. It truly is that simple, and anyone who thinks otherwise doesn't have a clue.
Such a retarded mentality that absolutely overlooks many variables regarding why an employer pays what they do.
The way conservatives want it, is that American workers become price competitive with countries like china. Smash that minimum wage and let people earn what they are worth. 32 cents an hour.
The belief(that you have and trumpet) that CEO's have developed a worth which has exponentially grown over the years, is bullshit.
I love when a liberal talks about the minimum wage and losing to China. First we aren't losing minimum wage service jobs to China, we are losing HIGHER than the minimum wage assembly and manufacturing jobs to China. The minimum wage has NO EFFECT on the jobs we are losing to China. HOWEVER, it has been proven that rising shipping costs, YES rising wages in China, US automation and efficiency, actually makes it cost less in the US than to make it in China and ship it here.
Manufacturing: The end of cheap China | The Economist
The jobs we are losing to India that are MOST DAMAGING are the R & D jobs! The reason we are losing them to India is two fold: (1) They are producing more scientist and engineers there (here we let liberals control our schools, and allow pension funds and free healthcare benefits take the money that should go to teaching our kids) and (2) Lower wages. The first has the bigger effect, since wages in India are SHOOTING UP. But we could and still do compete with them for R & D.
Bottomline: The jobs we are losing to India and China are not the minimum wage service jobs, it's the higher than minimum wage manufacturing and R & D jobs.
You want both to come back:
(1) Start by taking on the Unions!
(2) Start by curbing legislation. Smart simple legislation is 10 fold better than over-burden long complex legislation needs to go. The constitution, considered the best piece of legislation in world history, was 22-25 pages! Easily readable in one sitting. GO THAT ROUTE!
(3) Blow up the EPA and START OVER!
(4) Drill Baby Drill. Cheap energy makes for cheaper manufacturing costs.
(5) Take on China's currency manipulation. If it means we fight the trade war, then so be it.
(6) Redo the tax code. Herman Cain's 9-9-9 plan was BRILLIANT! If you don't like that, then at least find a way to lower the corporate tax. I personally like the fair tax, but 9-9-9 will do.
(7) End Federal and State Pension plans! They bankrupt the States and place undue burden on the Fed. The money could and should be used in better places. For example 60% of some of the HIGHEST property taxes in the country in Cook County IL goes to the unfunded pension payouts to retired teachers. Imagine if even half of that 60% went to schools, lowering teacher to student ratios and school programs, how much better our schools would be.
(8) End teacher tenure and government worker job protection. Make them at will like their private sector counter-parts.
(9) FIGHT ILLEGAL IMMIGRATION!!! If you want minimum wage to rise, make it so the employers actually have to make the jobs attractive to Americans! Believe it or not, but most illegals work in jobs AMERICANS would work. Only
3% work in agriculture and only 33% work in services! 64% work in jobs AMERICANS want (if you want to say service industry is undesirable).
Study counters beliefs about illegal immigrants (Only 3 percent work in agriculture)
Only 3 percent of the undocumented immigrants work in agriculture. The greatest numbers, 33 percent, work in the service industry.
The rest work in construction, production, installation and repair, sales and administration, transportation and material moving, and management and business.
(10) Adopt the Chilean Style Private Social Security Program. It's being adopted throughout the world. Time we take a look at it (another Herman Cain master-piece idea)!
(11) Here is were I divert from most conservatives - Healthcare. Adopt one of the three:
(A) Healthcare Voucher for all US citizens to buy basic private health insurance.
(B) Kerry Plan: Have a $10K-$20K US government deductible, with private insurance buy-down. Basically the government covers everyone for catrophic coverage!
(C) Single Payor: Least attractive in my opinion.
The employer based insurance has major flaws and from a business start put it put a HUGE cost onto our corps, which is a disadvantage in the global marketplace!