Re: Warren Buffett Don't raise the minimum wage
Actually most of the people I have hired have little experience in my field. I hire good people at a decent wage and train them, usually going through three or four before I find a "keeper".
So that's your solution? Just throw 75-80% of workers out into the street? Because they don't help you increase your
profits?!?
Let us know when you intend to double what you pay your workers. Because until then, you hate poor people.
Fletch said:
Of course he will. After all, that is only fair. I cant wait to see how he plans to afford to do that, however.
Nah. This is one of those "
OTHER people should pay for this." kind of things, I'm betting.
Gimmesometruth said:
Really? You just admitted it is a distortion of markets, but you still require me to explain how post tax income causes less demand for wage increases?
Sure. Please demonstrate how receiving food stamps reduces upward wage pressure on low-skill labor employers, especially in an environment such as ours which features a wide supply of those workers.
Really want them to ....what?
That seems to be the crux of your argument. That taking away food stamps will cause people to want the money more, therefore, employers will give it to them. As opposed the conversation going like this:
Employee Ronald: Hey boss, I know I show up late regular, and don't have any skill sets or anything, but man, I need more money.
Manager McDonanld: Good to hear. How about you start applying yourself so that your labor is worth more, justifying an increase in pay and perhaps even position?
Employee Ronald: Nah, I just want more money.
Manager McDonald: Sorry to say I'm not going to just give you more.
Employee Ronald: Well if you don't, I'll quit!
Manager McDonald: Okedoke. Let me know when your last day is.
.........
Manager McDonald: So, I see you don't have a job currently.
Applicant Donald: That is correct sir, but I would like to have one, so I can start working my way up.
Manager McDonald: Fortunately, we have a brand-new vacancy. You're hired.
.........
Manager McDonald: Sorry all, the vacancy has been filled.
Line of Applicants: [evidence of disappointment].
I know, because you and your ilk realize it causes less pressure on wage demands.
No, simply because it is a good thing to do, and a wise thing as well, for all that it can be structured unwisely and badly.