View Poll Results: What's a better solution than the minimum wage?

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  • 1. That's their problem. Let them eat cake...possibly followed by massive civil unrest?

    1 4.17%
  • Subsidized essential services: food, housing, utilities, etc.?

    0 0%
  • Direct cash payments to the working poor?

    1 4.17%
  • Minimum wage but only for those over 21?

    1 4.17%
  • Keep the minimum wage and raise it occasionally concurrent with inflation

    5 20.83%
  • Something else?

    16 66.67%
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Thread: If the minimum wage is not the best idea in the world, what's a better idea?

  1. #1
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    If the minimum wage is not the best idea in the world, what's a better idea?

    When I was a teenager I personally thought the minimum wage was great.

    Fast forward a little and I'm not thrilled with the concept but I realize working adults cannot live on minimum wage. People are real quick to condemn things as bad ideas but rarely offer their own solutions that should be better ideas than the one we're criticizing, myself included.

    So let's assume the minimum wage is a bad idea but there are working adults who can't make ends meet on it, let alone less than minimum wage it it were to be done away with. What better idea do you propose when working adults can't afford to live?
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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Pegging to inflation has been popular recently here.

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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    6. Change social expectations that everyone, without exception, will get the education that they are offered, will make good decisions in their lives and not live beyond their means. If people live conservatively, they don't have to worry about being over their heads financially.

    Personal responsibility. Just do it.
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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Quote Originally Posted by Carjosse View Post
    Pegging to inflation has been popular recently here.
    Considering the reason people want it to be pegged to inflation is because it is too low, raising it with inflation just ensures it always remains too low.
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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Quote Originally Posted by Heebie Jeebie View Post
    Considering the reason people want it to be pegged to inflation is because it is too low, raising it with inflation just ensures it always remains too low.
    How so? By not pegging it to inflation, we'll always be playing catching up.
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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Quote Originally Posted by brothern View Post
    How so? By not pegging it to inflation, we'll always be playing catching up.
    No if we just peg it to inflation it will remain the same relative to costs so if it is to low now tying it to inflation will just ensure it remains low. Unless it is raised so much that people can 'live' on it then will always be playing catch up. Of course then you get into what does it take to 'live' on.

    What really should be discussed before doing anything is what is the actual purpose of the minimum wage? Is it to set an entry level wage? So a single person can live on it? So you can raise a family on it? Originally it was designed to be the lowest a person could earn without regard to the type of lifestyle it afforded you. Now it has become something else. How do you expect something to work when it wasn't designed to do what you ask of it now?
    There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.
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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Quote Originally Posted by Smeagol View Post
    When I was a teenager I personally thought the minimum wage was great.

    Fast forward a little and I'm not thrilled with the concept but I realize working adults cannot live on minimum wage. People are real quick to condemn things as bad ideas but rarely offer their own solutions that should be better ideas than the one we're criticizing, myself included.

    So let's assume the minimum wage is a bad idea but there are working adults who can't make ends meet on it, let alone less than minimum wage it it were to be done away with. What better idea do you propose when working adults can't afford to live?
    I tend to believe a small well structured negative tax is superior to a minimum wage. There has not been enough research into the comparativ effects of it with the minimum wage to be totally sure, however. Or better, I have not seen enough such research.

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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    The best idea is to create a business atmosphere that encourages entrepreneurism and full employment. Let the market set wages. McDonalds has to pay workers in North Dakota fifteen bucks an hour with a signing bonus because unemployment is 3.5% and they have to increase wages to attract employees
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Quote Originally Posted by Heebie Jeebie View Post
    No if we just peg it to inflation it will remain the same relative to costs so if it is to low now tying it to inflation will just ensure it remains low. Unless it is raised so much that people can 'live' on it then will always be playing catch up. Of course then you get into what does it take to 'live' on.
    Given the ill status of how our Congress doesn't work, I'd say it's a lot better for economic stability to peg it. Otherwise you have this situation where minimum wage catches up (2009!), and then languishes and erodes for the next 5 years (2014). Then we're going to raise it and catch up, but then let it erode for another 5 years ... it's silly.

    Quote Originally Posted by Heebie Jeebie View Post
    What really should be discussed before doing anything is what is the actual purpose of the minimum wage? Is it to set an entry level wage? So a single person can live on it? So you can raise a family on it? Originally it was designed to be the lowest a person could earn without regard to the type of lifestyle it afforded you. Now it has become something else. How do you expect something to work when it wasn't designed to do what you ask of it now?
    Oof. Washington don't got nothing on the fight that would be.
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    Re: If the minimum wage is not the best idea in the world, what's a better idea?

    Quote Originally Posted by brothern View Post
    Given the ill status of how our Congress doesn't work, I'd say it's a lot better for economic stability to peg it. Otherwise you have this situation where minimum wage catches up (2009!), and then languishes and erodes for the next 5 years (2014). Then we're going to raise it and catch up, but then let it erode for another 5 years ... it's silly.
    But to many it never catches up (whatever it is catching up to) in the first place so just pegging it to inflation does nothing but ensure it remains low. At least we need to establish WHAT is if suppose to do and WHAT is the correct starting point for that. Then maybe you can peg it to something.
    There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.
    P. J. O'Rourke

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