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. #381
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    We all understand in your world there are sewers open to a sky gray with pollution. It's exactly that mentality that makes your minarchist fantasies nothing but pipe dream.
    Who is we? Look, you're perfectly safe in your fort of straw. I'm really not interested in attacking it or doing any harm towards it. Enjoy your fort and remember to maintain your soldiers of straw.

  2. #382
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    Re: Is minimum wage a lot?

    Wow, this forum is just full of fun stuff to read and ponder. Let's look at minimum wage from the big picture and see how it fits in.

    We choose to exist in a capitalist system. This means you either already have sufficient capital to live on, or you must compete in the labor force to obtain other people's capital as compensation. Therefore, if you do not have sufficient capital you must make yourself relevant to those who do. This can't be any more simple. Your compensation should only be commensurate with your relevance to those with capital. No more, no less. This explains why Wall St. CEOs make thousands of times what burger flippers and gas pumpers do: they are very relevant to those with capital.

    The minimum wage encourages inefficiency. By giving the less relevant a wage that enables them to survive it weakens the capitalist system by misdirecting capital to less efficient uses. However, capital will always seek its highest rate of return. So now we all know why gas pumpers have been replaced by automation and burger flippers will eventually be too. In the end, the minimum wage is only hurting those it means to protect. Better than giving them an unjust wage would be to educate them on how to become more relevant to capitalists.

  3. #383
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Henrin View Post
    Who is we? Look, you're perfectly safe in your fort of straw. I'm really not interested in attacking it or doing any harm towards it. Enjoy your fort and remember to maintain your soldiers of straw.
    'We' is anyone who's paid attention to your minarchist rantings. The result of no environmental regulations were plain for anyone to see if they were alive in the late 60's. Have you changed your position and now agree that environmental regulations are needed?


    I've not misrepresented anyone's position. Try again.
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    After you learn quantum mechanics you're never really the same again. -Weinberg

  4. #384
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    It precipitates a race to the bottom where (virtually) everyone looses. That's what I call "damage", yes.
    But it doesn't actually harm any person or any person's property.

    Funny, I feel the same way about you and your green colored glasses where reality is ignored for the sake of unattainable idealism.
    I'm curious. What are these "green colored glasses" to which you keep referring?

  5. #385
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    Re: Is minimum wage a lot?

    Quote Originally Posted by vasuderatorrent View Post
    Assuming a 40 hour work week, is minimum wage a lot of money?
    Even one penny per hour is a "lot of money" , when nothing good is generated by the labor.
    And one hundred dollars per hour is a "lot of money" when this exceeds the value generated by the labor.
    BALANCE ...is this so difficult ?
    At this point, I'd favor everyone...from the COP to the LC working...doing something is value ...and the pay based on the value actually generated.
    LC = latrine chief (of which I was one , once) ..
    "one penny per hour"
    In a very improvised nation (Nepal, I think) a man had to take one stone against another to cause two smaller stones - to patch their pathetic "highways and roads"...the pay ? ...unknown.... The value generated may have been one penny per hour...
    As a nation, our people should know of this (Ice road truckers)...and we should know where we are...
    Why should we have a forty (40) work week ?
    And, why are there a lot more in the way of internships and apprenticeships....with the very least of pay....even "negative pay" ??
    Had I known, I would have been open to this alternative...rather than a string of lousy jobs...part time....
    Job Service, among many other things , is in need of reform/improvement .

  6. #386
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Federalist View Post
    But it doesn't actually harm any person or any person's property.
    You think economic policy can't injure people? I don't know whether to or at that.
    Last edited by MoSurveyor; 01-18-14 at 05:24 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

  7. #387
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Federalist View Post
    I'm curious. What are these "green colored glasses" to which you keep referring?
    You've heard of wearing rose colored glasses? It's the same thing except specifically with respect to the capitalist system. People wearing green colored glasses can't see how destructive a raw capitalist system is to society.
    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

  8. #388
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    You think economic policy can't injure people? I don't know whether to or at that.
    Nobody's person or property is damaged by being paid below a fixed price.

  9. #389
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    You've heard of wearing rose colored glasses? It's the same thing except specifically with respect to the capitalist system. People wearing green colored glasses can't see how destructive a raw capitalist system is to society.
    The protection of property rights and individual liberty damages nobody.

  10. #390
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Federalist View Post
    Nobody's person or property is damaged by being paid below a fixed price.
    Virtually everyone is damaged by a lack of worker laws. Without them it's a race to the bottom.

    Obviously, you think that's a race we should win.
    Last edited by MoSurveyor; 01-18-14 at 07:56 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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