View Poll Results: Should min wage be removed?

Voters
89. You may not vote on this poll
  • Yes

    28 31.46%
  • No

    61 68.54%
Page 12 of 29 FirstFirst ... 2101112131422 ... LastLast
Results 111 to 120 of 289

Thread: Should min wage be removed?

  1. #111
    Professor
    The_Patriot's Avatar
    Join Date
    May 2010
    Last Seen
    02-06-12 @ 06:25 AM
    Gender
    Lean
    Very Conservative
    Posts
    1,488

    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    Eventually that goalpost is going to fall off the field.
    I never moved the goal post, but you tried to put words in my mouth. In your quest to prove me wrong about my original statement you ended up proving me right. I love that.

  2. #112
    Banned
    Join Date
    Oct 2010
    Last Seen
    10-08-10 @ 09:56 AM
    Gender
    Lean
    Moderate
    Posts
    23

    Re: Should min wage be removed?

    Quote Originally Posted by OscarB63 View Post
    the general public would be against removal of minimum wage...but of course the general public is made up of ****ing idiots.
    Correct. ,

  3. #113
    Professor

    Join Date
    Oct 2009
    Location
    North Dakota
    Last Seen
    09-02-17 @ 08:22 PM
    Gender
    Lean
    Conservative
    Posts
    2,357

    Re: Should min wage be removed?

    Quote Originally Posted by OscarB63 View Post
    double the minimum wage. what is the most likely scenario?

    a. the company absorbs the hit and deals with its labor cost doubling

    b. the company "lays off" half its employees and requires the remaining half to work twice as hard

    c. the company lays of some percentage of employees and raises the cost to consumer to make up the difference
    What if we just maintain a low minimum wage as opposed to none at all?

    Job search effort increases.

    Labor force participation increases.

    It gives incentives to increase the human capital of the least productive workers and for firms to invest in physical capital for these jobs.

    Quality of the jobs increase.

    Causes 2% of those under 24 to become unemployed.

    Minimizes the effects of employer dominated markets.
    Last edited by drz-400; 10-07-10 at 06:13 PM.

  4. #114
    Professor

    Join Date
    Oct 2009
    Location
    North Dakota
    Last Seen
    09-02-17 @ 08:22 PM
    Gender
    Lean
    Conservative
    Posts
    2,357

    Re: Should min wage be removed?

    Quote Originally Posted by Harry Guerrilla View Post
    I can't remember which is more accurate the CPI or Inflation.

    Wouldn't be a total bad idea, as long as, the minimum wage was a true floor wage and not a sort of political football.
    You could also have it be a function of the average wage, since pretty much all earning have to be reported through the irs this would be pretty reliable. Only problem is all the layers of government, it would not really be feasable for all the states to agree on it, although they really wouldn't have too I guess.
    Last edited by drz-400; 10-07-10 at 06:22 PM.

  5. #115
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Should min wage be removed?

    Quote Originally Posted by Gabriel View Post
    libertarians and conservatives should know that the public widely supports the min wage. Just sayin. You can blither on and on about it all you like but your not going to gain any fans in the general public to support the elimination of the min wage. Basically you are just showing your cards. By all means attack the min wage. At least people will start to understand what you stand for.
    Showing our cards that we don't want people at the lower end of society to be forced out of work completely rather than at least have some work and contribute to society? If those are my true cards, then I'm all in.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  6. #116
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    I wonder what the best way to get an idea of it would be.
    There is no way with any accuracy. You have to look at what employment would be with minimum wage, and all other things being equal, what employment would be like without. This is impossible to do unless you have an experiment, and it is impossible to experiment on human behavior.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #117
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Should min wage be removed?

    Quote Originally Posted by drz-400 View Post
    What if we just maintain a low minimum wage as opposed to none at all?

    Job search effort increases.

    Labor force participation increases.

    It gives incentives to increase the human capital of the least productive workers and for firms to invest in physical capital for these jobs.

    Quality of the jobs increase.

    Causes 2% of those under 24 to become unemployed.

    Minimizes the effects of employer dominated markets.
    You're still engaging in the broken window fallacy when you make the argument that minimum wage supports investment in capital goods.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #118
    Professor
    The_Patriot's Avatar
    Join Date
    May 2010
    Last Seen
    02-06-12 @ 06:25 AM
    Gender
    Lean
    Very Conservative
    Posts
    1,488

    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    There is no way with any accuracy. You have to look at what employment would be with minimum wage, and all other things being equal, what employment would be like without. This is impossible to do unless you have an experiment, and it is impossible to experiment on human behavior.
    There would be one way to do this and that would be using historical data from the 18th, 19th, and early part of the 20th centuries against the data we have now. About 6 or 7 years ago I researched into historical wages and found that up until the Federal Reserve Act that wages were pretty much the same for almost 200 years. A miller in the 1750's made $2.50 a day and a miller in 1912 made the same amount. Though this may have a lot to do with the difference between being paid in fiat currency and gold backed currency then with minimum wage. Unfortunately, any look at the effects of minimum wage will have to include the differences between gold and fiat currency.

  9. #119
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    There would be one way to do this and that would be using historical data from the 18th, 19th, and early part of the 20th centuries against the data we have now. About 6 or 7 years ago I researched into historical wages and found that up until the Federal Reserve Act that wages were pretty much the same for almost 200 years. A miller in the 1750's made $2.50 a day and a miller in 1912 made the same amount. Though this may have a lot to do with the difference between being paid in fiat currency and gold backed currency then with minimum wage. Unfortunately, any look at the effects of minimum wage will have to include the differences between gold and fiat currency.
    In real terms purchasing power increased greatly during that time period.

    If you want to look at historical facts, look at trends in unemployment. There were times in US history where unemployment fell below 2%. The norm has become 5% and above since the advent of minimum wage (but I'm not going to say that minimum wage is the only culprit).

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  10. #120
    Professor
    The_Patriot's Avatar
    Join Date
    May 2010
    Last Seen
    02-06-12 @ 06:25 AM
    Gender
    Lean
    Very Conservative
    Posts
    1,488

    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    In real terms purchasing power increased greatly during that time period.

    If you want to look at historical facts, look at trends in unemployment. There were times in US history where unemployment fell below 2%. The norm has become 5% and above since the advent of minimum wage (but I'm not going to say that minimum wage is the only culprit).
    Yup, the purchasing power of a dollar from 1820 in 2009 dollars is $15.15. That's quite a bit of loss in buying power and no amount of a minimum wage will overcome the loss of buying power in the currency under a fiat money system.

Page 12 of 29 FirstFirst ... 2101112131422 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •