The Minimum Wage Game

[Wyatt earp]

Raise the wages of the guy who sweeps the floor getting $7.50 an hour to $15.00 an hour and it makes sense to fire him and get a robot floor sweeper.

Or just shut down the factory and retire.

 

[RandomVariable]

Do those against a minimum wage of $10.10 per hour if worked for 40 hours for 52 weeks is an annual salary of $21,008. Damn those greedy bastards.

 

[dblack]

I don't know why employers wouldn't want the Minimum Wage to go up. It would be more beneficial to the employer than to the employee.

For instance, if the Minimum Wage was to go from $7.25 to say $15.00 an hour, employers would save money by bringing all their employees up to the minimum wage. All those people making between $7.25 and $15.00 an hour would get the the shaft since the employer could employ everyone at minimum wage, raise their prices and rack in the money. All the while all those people who's hourly went up would see their standard of living go down because now they only make Minimum Wage.

Come to think of it, it seems that Democrats want to put even more people into poverty. Why are you keeping the poor down Democrats?

Larger companies gain a market advantage as well. By raising labor costs for everyone they increase barriers to entry and shut down leaner competitors.

 

[ScienceRocks]

A little bit of morality is worth the tiny lose of profit. Do we really want to have a large % of super power like Mexico, China or India?

 

[Erand7899]

If $8/hour is a better minimum wage than 10, why not 6, or 4, or 2, or zero?

Wouldn't we all better off if everyone worked for no money?

You failed economics 101, didn't you?

The point here is that labor is like any other commodity in markets. The price for labor is determined by many factors. Having government step in and set a minimum price for it, distorts other prices and has unintended consequences.

The fact that you try to be clever and in so show how very little you understand about economics is classic for the trolly LOLberals here.

It is best to remain quiet and let others wonder if you're stupid, than to open your mouth and remove all doubt.

I know more about economics than you'll ever know. That's why the point went over your head.

Your argument is for no labor laws. Unfortunately for you, the People decide what the laws for labor will be.

You want the economy to be run by the corporations; I want the economy to be run by the People.

The economy is run by the people and your failure to understand that pretty well belies your claim of knowing anything about economics. What you obviously want is for the economy to be run by the government through government mandates, but you don't know enough to know what you want.

Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis. These range from a housewife deciding to buy a pork roast instead of beef steaks, another's decision to buy a Ford pickup instead of a BMW, to a corporate boards decision to buy another corporation.

Few minimum wage workers have 40 hour job schedules. Most work at the 28 to 32 hour range. Raise the minimum wage, and management will decide not to hire that additional employee, or will cut the hours of existing employees, expecting those employees to pick up the slack from the reduced hours.

In addition, a raise in the minimum wage puts pressure on the employer to raise the pay of supervisors and managers. It also shrinks profit margins, and creates pressure for price increases to make up the difference.

Those that do benefit from the raise will find that they have gained little to nothing, because prices for food, gas, and the other commodities they need have gone up, and they are no better off than they were before the increase. Those that did not benefit from the raise will find themselves worse off, because they also have to pay the higher prices.

 

[RandomVariable]

You failed economics 101, didn't you?

The point here is that labor is like any other commodity in markets. The price for labor is determined by many factors. Having government step in and set a minimum price for it, distorts other prices and has unintended consequences.

The fact that you try to be clever and in so show how very little you understand about economics is classic for the trolly LOLberals here.

It is best to remain quiet and let others wonder if you're stupid, than to open your mouth and remove all doubt.

I know more about economics than you'll ever know. That's why the point went over your head.

Your argument is for no labor laws. Unfortunately for you, the People decide what the laws for labor will be.

You want the economy to be run by the corporations; I want the economy to be run by the People.

The economy is run by the people and your failure to understand that pretty well belies your claim of knowing anything about economics. What you obviously want is for the economy to be run by the government through government mandates, but you don't know enough to know what you want.

Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis. These range from a housewife deciding to buy a pork roast instead of beef steaks, another's decision to buy a Ford pickup instead of a BMW, to a corporate boards decision to buy another corporation.

Few minimum wage workers have 40 hour job schedules. Most work at the 28 to 32 hour range. Raise the minimum wage, and management will decide not to hire that additional employee, or will cut the hours of existing employees, expecting those employees to pick up the slack from the reduced hours.

In addition, a raise in the minimum wage puts pressure on the employer to raise the pay of supervisors and managers. It also shrinks profit margins, and creates pressure for price increases to make up the difference.

Those that do benefit from the raise will find that they have gained little to nothing, because prices for food, gas, and the other commodities they need have gone up, and they are no better off than they were before the increase. Those that did not benefit from the raise will find themselves worse off, because they also have to pay the higher prices.

"Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis." Did your head hit the desk when you fell asleep after the first 5 minutes of high school economics class?

 

[Wyatt earp]

A little bit of morality is worth the tiny lose of profit. Do we really want to have a large % of super power like Mexico, China or India?

The big players wont lose profit what dont you get about that? You can't attack them through goverment mandates only way to raise wages is a low unemployment level. Its not rocket science look at the $15 dollar an hour burger flippers up inSouth Dakota

 

[dblack]

The government should just double the value of all our money. Just announce that now 1 dollar bills are now all worth two, a five'll get ya ten, etc.. It would be easier to implement and make exactly as much sense.

 

[SwimExpert]

Raise the wages of the guy who sweeps the floor getting $7.50 an hour to $15.00 an hour and it makes sense to fire him and get a robot floor sweeper.

Or just shut down the factory and retire.

 

[Erand7899]

I know more about economics than you'll ever know. That's why the point went over your head.

Your argument is for no labor laws. Unfortunately for you, the People decide what the laws for labor will be.

You want the economy to be run by the corporations; I want the economy to be run by the People.

The economy is run by the people and your failure to understand that pretty well belies your claim of knowing anything about economics. What you obviously want is for the economy to be run by the government through government mandates, but you don't know enough to know what you want.

Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis. These range from a housewife deciding to buy a pork roast instead of beef steaks, another's decision to buy a Ford pickup instead of a BMW, to a corporate boards decision to buy another corporation.

Few minimum wage workers have 40 hour job schedules. Most work at the 28 to 32 hour range. Raise the minimum wage, and management will decide not to hire that additional employee, or will cut the hours of existing employees, expecting those employees to pick up the slack from the reduced hours.

In addition, a raise in the minimum wage puts pressure on the employer to raise the pay of supervisors and managers. It also shrinks profit margins, and creates pressure for price increases to make up the difference.

Those that do benefit from the raise will find that they have gained little to nothing, because prices for food, gas, and the other commodities they need have gone up, and they are no better off than they were before the increase. Those that did not benefit from the raise will find themselves worse off, because they also have to pay the higher prices.

"Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis." Did your head hit the desk when you fell asleep after the first 5 minutes of high school economics class?

That is macro economics 101, dumbass. Supply and demand equals millions of individual decisions by both suppliers and customers. Re: the marginal principle, a mainstay of market economics.

 

[tyroneweaver]

in europe the country's that have minimum wage laws have a 5 pct higher unemployment rate than countries that don't

 

[Wyatt earp]

in europe the country's that have minimum wage laws have a 5 pct higher unemployment rate than countries that don't

Have a link ? Name me one 1st world country that don't have a minimum wage law would like to read it.

 

[RandomVariable]

The economy is run by the people and your failure to understand that pretty well belies your claim of knowing anything about economics. What you obviously want is for the economy to be run by the government through government mandates, but you don't know enough to know what you want.

Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis. These range from a housewife deciding to buy a pork roast instead of beef steaks, another's decision to buy a Ford pickup instead of a BMW, to a corporate boards decision to buy another corporation.

Few minimum wage workers have 40 hour job schedules. Most work at the 28 to 32 hour range. Raise the minimum wage, and management will decide not to hire that additional employee, or will cut the hours of existing employees, expecting those employees to pick up the slack from the reduced hours.

In addition, a raise in the minimum wage puts pressure on the employer to raise the pay of supervisors and managers. It also shrinks profit margins, and creates pressure for price increases to make up the difference.

Those that do benefit from the raise will find that they have gained little to nothing, because prices for food, gas, and the other commodities they need have gone up, and they are no better off than they were before the increase. Those that did not benefit from the raise will find themselves worse off, because they also have to pay the higher prices.

"Our economy is the sum of hundreds of millions of independent financial decisions, made by tens of millions of individuals on a daily basis." Did your head hit the desk when you fell asleep after the first 5 minutes of high school economics class?

That is macro economics 101, dumbass. Supply and demand equals millions of individual decisions by both suppliers and customers. Re: the marginal principle, a mainstay of market economics.[/QUOTE]

When you start acting rational then we'll talk. (I will spell that out for you if you need me to.)

 

[Wyatt earp]

If $8/hour is a better minimum wage than 10, why not 6, or 4, or 2, or zero?

Wouldn't we all better off if everyone worked for no money?

If you have a guy sweeping your floors for $7.50 and the minimum wage goes down to $3.75 are you going to hire two guys to sweep your floors or just keep the extra money?

I would offer you a job for MW and depending on how you do it, decide are you worth keeping. Would you take a job?

Yup... it would be better then sitting at home watching dumb ass t.v. shows and collecting check's what kind of loser does that? Peg Bundy from married with children?

 

[Wyatt earp]

If $8/hour is a better minimum wage than 10, why not 6, or 4, or 2, or zero?

Wouldn't we all better off if everyone worked for no money?

If you have a guy sweeping your floors for $7.50 and the minimum wage goes down to $3.75 are you going to hire two guys to sweep your floors or just keep the extra money?

I would offer you a job for MW and depending on how you do it, decide are you worth keeping. Would you take a job?

And how many socks do you have on here RW? Just curious because your writing is the same.

 

[kwc57]

in europe the country's that have minimum wage laws have a 5 pct higher unemployment rate than countries that don't

Have a link ? Name me one 1st world country that don't have a minimum wage law would like to read it.

Google is your friend when you really want to know something.

In Western Europe, the average jobless rate is twice as high in countries with a minimum wage vs. those with no minimum | AEIdeas

 

[Wyatt earp]

in europe the country's that have minimum wage laws have a 5 pct higher unemployment rate than countries that don't

Have a link ? Name me one 1st world country that don't have a minimum wage law would like to read it.

Google is your friend when you really want to know something.

In Western Europe, the average jobless rate is twice as high in countries with a minimum wage vs. those with no minimum | AEIdeas

Boy you learn something new every day, countries like Sweden Denmark finl
Don't have a minimum wage...isnt those the social ist countries that liberals always brag about?

 

[Wry Catcher]

Besides, if a $10 minimum wage is a Good Thing, then why not $15 or $20?

If $8/hour is a better minimum wage than 10, why not 6, or 4, or 2, or zero?

Wouldn't we all better off if everyone worked for no money?

You failed economics 101, didn't you?

The point here is that labor is like any other commodity in markets. The price for labor is determined by many factors. Having government step in and set a minimum price for it, distorts other prices and has unintended consequences.

The fact that you try to be clever and in so show how very little you understand about economics is classic for the trolly LOLberals here.

It is best to remain quiet and let others wonder if you're stupid, than to open your mouth and remove all doubt.

Take your own advice ^^^.

Labor isn't a commodity, though I suppose it makes callous conservatives feel better about themselves by thinking of people as nothing more (and sometimes less) than a horse, a pig or a cow. In The Rebel Albert Camus wrote, "What is a rebel? A man who says no: but whose refusal does not imply a renunciation".

Human beings think and act as horses, pigs and cows cannot. Pushing the extreme conservative ethos to their logical end - as many on the far right tend to do - is to create the environment where their greatest fears fester - the power of the people who say in one voice, "ENOUGH!"