View Poll Results: Assuming a 40 hour work week, is minimum wage a lot?

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Thread: Is minimum wage a lot?

  1. #331
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Federalist View Post
    You're making stuff up. I haven't offered any economic theories in this thread.
    I may have put forth an hypothesis but no theories. That would have to be something like changing to communism. I didn't do that. In fact, I've said regulated capitalism was the best thing, yet.


    Every change in the laws governing the market is an hypothesis that is shown as true or false over time. Yes, you've made several radical suggestions for changes in the laws that govern our economy. Those are what (I assume) you're calling "theories".


    Quote Originally Posted by Federalist View Post
    That won't identify anyone whose person or property is assaulted or damaged by the act of offering to pay below a fixed price. There is no identifiable victim, which makes it victimless crime. It is unethical for the government to punish someone for an act that results in no identifiable victim, since such punishment is, in fact, an initiation of aggression.
    May as well start dumping lead back into the water supply. I'm sure it's virtually impossible to identify single victims of lead poising and proving it came from the water. I mean, hell, they could have been chewing on old-fashioned pencils for all we know - at least, I'm sure that's what the lead dumpers will claim in court. Doesn't matter that the incidences of lead poising "just happened" to rise a month after lead was being dumped in the water. It's just a Cosmic Coincidence!!!

    Let's go back to dumping hazardous particulates into the air, too. Same story for that, isn't it? Too much wood smoke, too much bar-b-q, too much whatever you want to claim because we can't prove it didn't happen. Can't blame the particulates from ACME factory because you can't prove it in court.

    If you can't pin it down to one person with one cause then it must not be a real injury, so we shouldn't do anything about it. It's that kind of dumb-ass attitude that almost killed Lake Erie and sent Los Angeles citizens to the hospitals for years with respiratory problems.
    Last edited by MoSurveyor; 01-16-14 at 02:43 AM.
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  2. #332
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Federalist View Post
    Nope, ownership means one has the enforceable right to use something. It does not simply mean one "has" something.
    You keep applying modern definitions to ancient ideas and continue to be wrong.


    Quote Originally Posted by Federalist View Post
    Yet you can't point to any real example other than in your imagination.
    Plenty of examples of market manipulation by companies and conglomerates with virtual monopolies in the late 1800's. You might want to look up the behavior of Standard Oil for the kind of actions we have now outlawed It's a good example.


    Quote Originally Posted by Federalist View Post
    Capitalism can't exist in the absence of secure property rights and individual liberty. What you refer to as "unfettered capitalism" is really lawless chaos, and your use of the term is disingenuous.
    Obviously the South and early America had some issues with that. When, exactly, do you think we became a capitalist country?!?
    Last edited by MoSurveyor; 01-16-14 at 03:01 AM.
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  3. #333
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    Re: Is minimum wage a lot?

    Quote Originally Posted by sawdust View Post
    I had to tell an employee that the amount of money he made wasn't predicated on his ability to spend it. In truth it was dependent on his ability to make himself indispensable to the company.
    No such thing as "indispensable". There's just replacement cost. Plenty of bodies available at this time.
    Mt. Rushmore: Three surveyors and some other guy.
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    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
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  4. #334
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    Re: Is minimum wage a lot?

    Quote Originally Posted by ethanUNC View Post
    Anyone who says that it is a lot of money is wrong. This isn't a subjective question.

    If you are asking whether the minimum wage should be raised, from the perspective of economics, I still say no.
    Houses cost $25,000 in Laurinburg, North Carolina. Houses cost a lot more in Raleigh, North Carolina. If your mortgage was $149.89 per month you could make it work on the additional $921.37 left over. If your rent is $1,100 per month, you would be required to live off of credit cards as much as possible with a minimum wage income.

    Living in Laurinburg, North Carolina is not the same as living in Raleigh, North Carolina. If you have a job, a non-working spouse and 2-3 kids with at least one kid under the age of 6 while living in Laurinburg, you would live a very luxurious life on minimum wage.

    In Raleigh, you'd be screwed. Living in an area with affordable housing is not the same thing as being wrong. Your geographic doesn't invalidate your opinion.

  5. #335
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Cephus View Post
    There are plenty of people complaining on their behalf. They're called liberals. Sorry, not impressed.
    The people making minimum wage aren't saying jack squat. That's what I meant. We agree on that. I wasn't trying to impress you. It sounds like you agree with me. The people making minimum wage aren't saying jack squat.

  6. #336
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    Re: Is minimum wage a lot?

    Quote Originally Posted by vasuderatorrent View Post
    The people making minimum wage aren't saying jack squat. That's what I meant. We agree on that. I wasn't trying to impress you. It sounds like you agree with me. The people making minimum wage aren't saying jack squat.
    I don't think I'd say they're silent on the issue but they aren't the most vocal proponents, no. I will agree with you there.
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  7. #337
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    May as well start dumping lead back into the water supply. I'm sure it's virtually impossible to identify single victims of lead poising and proving it came from the water. I mean, hell, they could have been chewing on old-fashioned pencils for all we know - at least, I'm sure that's what the lead dumpers will claim in court. Doesn't matter that the incidences of lead poising "just happened" to rise a month after lead was being dumped in the water. It's just a Cosmic Coincidence!!!

    Let's go back to dumping hazardous particulates into the air, too. Same story for that, isn't it? Too much wood smoke, too much bar-b-q, too much whatever you want to claim because we can't prove it didn't happen. Can't blame the particulates from ACME factory because you can't prove it in court.

    If you can't pin it down to one person with one cause then it must not be a real injury, so we shouldn't do anything about it. It's that kind of dumb-ass attitude that almost killed Lake Erie and sent Los Angeles citizens to the hospitals for years with respiratory problems.
    Wow, you're all over the map. Try to focus. We were talking about minimum wage laws. And you remain impotent to identify anyone whose person or property has been assaulted or damaged by the act of offering to pay below the fixed price. It is a victimless crime.

  8. #338
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    You keep applying modern definitions to ancient ideas and continue to be wrong.
    Nope. Capitalism cannot exist under a "might makes right" environment. Private ownership of the means of production is predicated on the concept of ownership and property rights.

    Your use of the term "unfettered capitalism" describes something that isn't capitalism and is disingenuous.

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    Re: Is minimum wage a lot?

    Yes. The minimum wage is perfect for newbs and students.

  10. #340
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Federalist View Post
    Wow, you're all over the map. Try to focus. We were talking about minimum wage laws. And you remain impotent to identify anyone whose person or property has been assaulted or damaged by the act of offering to pay below the fixed price. It is a victimless crime.
    Just like pollution. You can't point to one person and prove it was ACME's pollution that injured them so we should just let ACME do what they want and damn the consequences for the public.
    Last edited by MoSurveyor; 01-16-14 at 03:48 PM.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

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