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Thread: Warren Buffett: $15 minimum wage will hurt the working class

  1. #231
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Fletch View Post
    No. I am basing the harm done to him on the fact that his skill, education and training is worth exactly the same as an unskilled, untrained worker hired on to do the same work.

    Any time. But lets pretend you are being honest. You spent years, likely in the military learning to fly and spent thousands of hours in the cock pit. Lets say because of your skill, training, talent, and education you make $50 per hour. Minimum wage is raised to $50 per hour. What has just happened to you? Your skill, training, talent and education has just been devalued. Your labor is now worth no more than that of the 16 year old unskilled, untrained, uneducated boob. That might be something commies like, but not anyone that has actually thought things through.
    I'd be making the same amount of money while still doing something I enjoy. As an added benefit, a much larger percentage of the population would be able to afford my services, so likely I'm going to have to expand my business and hire more people.

    Terrifying.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  2. #232
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by TheDemSocialist View Post
    How about raising the minimum wage and also investing in education?
    We invest plenty in education.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

  3. #233
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Fletch View Post
    In the absence of welfare, wages would be lower since those who now choose to sit out of the workforce would have to participate or starve
    And this strikes you as a good thing?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  4. #234
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    Re: Warren Buffett: $15 minimum wage will hurt the working class

    Quote Originally Posted by buck View Post
    Not quite. The new salary has to be higher than the reservation wage. if it isnot, they stay on welfare. Or to put it insimpler terms... it puts upward pressure on the salary. in the prior, the salary wasnt high enough, so employyes cut back the hours supplied.
    They wouldn't stay on welfare if welfare no longer existed.

    I really don't understand how you can claim to be a conservative, yet support welfare so much.
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    I see a big problem with the idea that whatever the majority wants is OK.

  5. #235
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Fletch View Post
    Don't be stupid. The comparison being made was between a 16 year old kid and an airline pilot. If you think the average pilot isn't 'better' by virtually every objective standard of measure than a McDonalds crew member, you aren't that bright.
    The irony is that if he isn't "that bright", then his point has been proven and you have been proven wrong.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  6. #236
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Fletch View Post
    Are you 16? Is that the problem? A pilot is objectively better trained and better educated and better prepared to handle almost any life situation than a 16 year old would be. It is impossible to pretend otherwise.
    BECAUSE he is better educated, better trained, has a higher skill level and more experience. Which is the point. Income is a measure of value. Something that is, again, impossible to pretend otherwise.
    Income is determined by negotiating power more than anything else. Employers generally pay as little as possible and still be able to hire and retain the type of employees that they need. Education and skill naturally are part of ones negotiating power, but employers don't directly pay that any attention. There are lots of jobs that pay more than jobs that require a higher skill or education level.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  7. #237
    Villiage Idiot
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by ocean515 View Post
    But's it is a kick butt measure of economic value. Pay is a measure of the value of service one provides to the economy....
    Not at all. Pay is determined by negotiating power.

    If I can hire you for $8/hr, and if you are suitable for he position I need to fill, I'm not going to offer you more money just because you have a PhD.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  8. #238
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Fletch View Post
    In the absence of welfare, wages would be lower since those who now choose to sit out of the workforce would have to participate or starve
    The vast majority of welfare recipients already work.

    The most common form of means tested welfare is the earned income tax credit, and to qualify for that, you have to work.

    Basically, it sounds to me that your position is that we should pay people to stay out of the workforce. Wouldn't lowering the SS retirment age be a better way to do the same thing rather than to pay young people to not work?

    And are you another self proclaimed conservative who supports the idea of the welfare state, or am I just not understanding your position?
    Last edited by imagep; 05-23-15 at 05:50 PM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #239
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    Re: Warren Buffett: $15 minimum wage will hurt the working class

    Quote Originally Posted by GhostlyJoe View Post
    You called minimum-wage workers boobs and insinuated you're better than them and, thus, should be paid more. If they get a raise, you deserve a raise because your x% better than them, right? You obviously care very much what other people make and see wages as a measure of personal worth. So you must be outraged that CEOs make so much compared to professionals like you. Or do you actually believe they're better than you?
    In terms of the market, he is better than them. it is funny, though, that most of what you are denegrating above, applies quite firmly to those doing most of the advocating for upping the min. wage, unions. Who know that if min wage goes up, their contracts will also mean raises for their workers.Yes, they very much care what others are making and not altruisitcally.... and of course the workers who see their wages as a measure of worth And believe themselves worth more, though they are not.

  10. #240
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    Re: Warren Buffett: $15 minimum wage will hurt the working class

    Quote Originally Posted by imagep View Post
    They wouldn't stay on welfare if welfare no longer existed.

    I really don't understand how you can claim to be a conservative, yet support welfare so much.
    Right, causing more labor supply and decreasing wages... or welfare is not a subsidy to employers.

    It is clear you dont understand, as i never made any such claim.

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