well considering I only pay $1.19 for a pack of smokes......
How much does it cost to rent a 3 bedroom house on 5 acres of land again in New York city?
$500 bucks down here....
I don't. I literally do not assert that I have the moral authority to decide for other people what their work is worth... whether we're talking about the work being done, or the work that needs to be done.
On what moral authority do you decide worth for other people?
Also I believe employees demand demand higher wages for the sake of their own profit. What's your point?
What's retarded is this notion of yours that you can achieve any kind of wage justice by ignoring well established economic principles by applying magical legislation.
Maybe. Productivity in worthless product might be up a bajillion %, but I don't think that demands higher wages. I don't know.
I'll tell you this though: I do not assert that I have the moral authority to decide for other people what their work is worth... whether we're talking about the work being done, or the work that needs to be done.
On what moral authority do you decide worth for other people?
Made up nonsense.
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. Statutory minimum wage ALWAYS results in inflation. It necessarily must.
These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.
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!
Ok you really need to address this devaluing concept.
You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work. It's just not possible.
What objective metric are you using?
Math. $1 is less than $15.
And again, what makes you so confident the employer is not paying someone less simply for the sake of profit?
I made no such statement of "confidence." In fact, I wouldn't. It is entirely irrelevant.
BTW, for everyone's benefit; On what moral authority do you decide worth for other people?
The reason why there has always been a demand to raise it is because it is way behind on current inflation.
It ALWAYS will be. 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. Statutory minimum wage ALWAYS results in inflation. It necessarily must.
Cost of living is an actual metric you know that right?
Yes, but so what?
What is your objection to simply basing was worker's wages upon what that worker's work is worth?
Ok you haven't answered the question.
I have. I'm not a pussy.
I am asking for the metric you are using to decide what work is worth what wage.
I do not assert that I have the moral authority to decide for other people what their work is worth... whether we're talking about the work being done, or the work that needs to be done.
On what moral authority do you decide worth for other people?
You're talking about a qualitative idea when it should be quantitative.
Nonsense.
Besides, it's irrelevant to the question posed: What is your objection to basing a worker's wages solely upon what that worker's work is worth?
But if making it quantitative is what you need, 5. The worker's work is worth the quantity 5.
Can you answer it now?
What does it matter if the government raises the mimimum wage?
Besides everything that's been explained to you?
You're just going to be obtuse, is it? Fine.
The government is not competent to set wages. Evidenced by the undeniable fact of reality that it arbitrarily sets the wage for work worth $1/hr at $7.25/hr.
How's that for a problem?
What quantitative reasoning are they violating?
How about the undeniable fact of reality that they arbitrarily set the wage for work worth $1/hr at $7.25/hr.
Is that quantitative enough for you, Cupcake?
Wages have remained flat while productivity has soared.
Of course. That's what will happen when work worth more than the statutory minimum wage must subsidize the work worth less than the statutory minimum.
Do you honestly think employers, by and large, are less concerned by profit and more concerned by paying their workers fairly and realistically?
Do you honestly think employees, by and large, are less concerned with collecting as much cash with the least effort as possible, and more concerned with treating their employers fairly and realistically?
Who cares? It is ENTIRELY irrelevant to the question, which is: What is your objection to simply basing was worker's wages upon what that worker's work is worth?
18 million people make less than $10.10 per hour.
So what?
How many more do you think make less than $15 per hour which is the wage someone must be able to live off of based on current inflation?
Do you want my honest answer to this mawkish appeal to emotion?
SO WHAT?
Prices will go up slightly, but not nearly enough to offset the extra few hundred bucks a month a person will make. Over time, that huge boost to consumer spending will improve the economy.
If this were at all true, it would have worked the first time.
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!
What is your objection to simply basing was worker's wages upon what that worker's work is worth?