View Poll Results: Should min wage be removed?

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  • Yes

    28 31.46%
  • No

    61 68.54%
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Thread: Should min wage be removed?

  1. #181
    blond bombshell

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    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    Let's not get ahead of ourselves. So employees bring a certain amount of money into the company. So then companies would like to pay a little less than what the worker produces for the company so that they can make a profit, right?
    Well of course but i can see your trying to drive me down a path.What ya bringing in next the competing company?
    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking.

  2. #182
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    Re: Should min wage be removed?

    Quote Originally Posted by mikhail View Post
    Well of course but i can see your trying to drive me down a path.What ya bringing in next the competing company?
    Not really. So if the worker cannot find a job, then musn't it mean that he is looking for a wage that is higher or too close to his marginal productivity?

    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
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  3. #183
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    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    Not really. So if the worker cannot find a job, then musn't it mean that he is looking for a wage that is higher or too close to his marginal productivity?
    No because in my version of events there arent any jobs.This is all theory America already has a massive unemployment problem and i dont see that changing i keep coming back to the same question where are the jobs gonna come from? Not in theory but in practice right now today.
    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking.

  4. #184
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    Re: Should min wage be removed?

    Quote Originally Posted by mikhail View Post
    No because in my version of events there arent any jobs.This is all theory America already has a massive unemployment problem and i dont see that changing i keep coming back to the same question where are the jobs gonna come from? Not in theory but in practice right now today.
    But we've already decided that companies will higher slightly below marginal productivity. So how could there be such a massive part of the population out of work permanently? Are you going to say that 20% of the population is completely incapable of doing any good for anybody?

    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

  5. #185
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    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    But we've already decided that companies will higher slightly below marginal productivity. So how could there be such a massive part of the population out of work permanently? Are you going to say that 20% of the population is completely incapable of doing any good for anybody?
    No im saying there is a limit to production,also the kind of income inequalities your talking about seem disasterous and also i feel technology(and often the replacement jobs you talk of) will make jobs obsolete at such a rate society will struggle to ajust.

    I really need to go to bed now but i would like to take up this debate with you some other time if thats cool with you? nice talking to ya
    The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking.

  6. #186
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    Re: Should min wage be removed?

    Two observations to make.

    1. In our global, mixed economy, CEOs are captains of a mercenary bureaucracy who half serve the government/general public and half keep it hostage. They don't have any responsibility because they don't face any real consequences. Worse case scenario, they retire early and live "more modestly" but still better off than most millionares, maybe throw in a couple years of white collar prison time in severe cases of wrong conduct. The CEOs have bartered among the executive culture and with the government so that they have enough money and power to have zero responsibility. To be responsible, there has to be a chance of serious loss, like losing your home to a recession or losing your children to Protective Services or going to jail for several decades. Over the course of generations, CEOs have negotiated a series of legal and private privileges that leave them very well provided for regardless of the errors they make.

    2. Concepts of value are subjective and therefore arbitrary. Gold is a comparatively useless item, but civilizations have historically found it plausible to base the entirety of their community's economic accomplishments and endeavors on this impractical metal. That undermines any scientific approach to evaluating market worth. Humans have too many magpie-like tendencies to say CEOs deserve their money or that low-level workers deserve this or that as a minimum wage. If there is, or is not, a minimum wage, its existence it as aribtrary as the CEOs' bloated paychecks.
    Last edited by Morality Games; 10-08-10 at 01:28 AM.
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  7. #187
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    If you have to compare apples to oranges to prove you point, than you have none.

    Also, taking a look at your link (thanks for fixing it), if the minimum wage had gone up at the pace of inflation, it would have been 5.82/hr in 2009, obviously 7.50 is higher. Thus wages are increasing faster than hamburgers, even with a 3 cent difference. Now we are comparing apples to apples
    If that were true then the poor would be able to save and work towards not being poor. This isn't the case when you look at it purely from inflation or the glass price floor. The two combined show that the person making $7.50 is worse off then the person making $3.15.

  8. #188
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    If that were true then the poor would be able to save and work towards not being poor. This isn't the case when you look at it purely from inflation or the glass price floor. The two combined show that the person making $7.50 is worse off then the person making $3.15.
    Based on what?

    You failed to show how inflation factored in since min wage has increased faster.
    You failed to show how a burger costs more to a person on min wage since 1988.

    What other "evidence" do you have?

  9. #189
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    Based on what?

    You failed to show how inflation factored in since min wage has increased faster.
    You failed to show how a burger costs more to a person on min wage since 1988.

    What other "evidence" do you have?
    I've already presented my evidence and it comes back that minimum wage is detrimental to workers by making them poorer. You've shown data that confirms what I said.

  10. #190
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    I've already presented my evidence and it comes back that minimum wage is detrimental to workers by making them poorer. You've shown data that confirms what I said.
    Please show me this confirmation.

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