View Poll Results: Should min wage be removed?

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  • Yes

    28 31.46%
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    61 68.54%
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Thread: Should min wage be removed?

  1. #11
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    @7.50/hr*40hr the burger (at 1.09) = .47% of wages
    @3.15/hr*40hr the burget (at 0.59) = .36% of wages
    Your calculation is flawed since you assume that every minimum wage worker works as a full time employee. You should have just calculated based off of one hour of work.

    @7.50/hour the burger (1.09)=6.8% of the hourly wage
    @3.15/hour the burger (.59)=5.3% of the hourly wage

    It's roughly the same percentage wise, but it does show a distriburbing trend that the higher minimum wage goes the less buying power the earner has.

  2. #12
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    I said no because minimum wage puts a false bottom on goods and services, which prevents them from being cheaper. Also, the minimum wage doesn't help the people it is supposed to, the unskilled worker, because the prices of goods and services rises to the new floor on prices. The only people that the minimum wages help are union workers at the top of their pay scale. The only way that they will get a raise is when minimum wage increases. In my 41 years of life I have seen minimum wage go up three times and each time the cost of goods and services went up. The cost was roughly the same percentage of what it cost to purchase basic goods and services under the new minimum wage as it was under the old minimum wage. For example, back when minimum wage was $3.15 an hour a hamburger at McDonalds was 59 cents. With minimum wage at $7.50 an hour that same burger is now $1.09. Did minimum wage actually help the unskilled worker in order to afford a basic food product? No, because it costs roughly the same percentage as it did under the old minimum wage.
    Don't forget about inflation and wage increases. Actually if we adjust the minimum wage for inflation and don't even think about wage increases, then the minimum wage has decreased the last 30 years. The burger is more expensive due to inflation.

  3. #13
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    Re: Should min wage be removed?

    A better question....Should there be a maximum wage...??
    There should be a training wage, similar to the olden days of journeymen....And this should be tied in with the craft unions....
    This is only an idea...

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    Re: Should min wage be removed?

    Quote Originally Posted by earthworm View Post
    A better question....Should there be a maximum wage...??
    There should be a training wage, similar to the olden days of journeymen....And this should be tied in with the craft unions....
    This is only an idea...
    Hell no! How would that help?

    If it set around 100K, then it will cause severe shortage in many fields, and will crush the US economy.

    If it is set around 500K, it will still cause harm to companies. Large companies spend a lot of money to get a good CEO, because billions of dollars is at stake. To spend a couple of million dollars on a good CEO, is a good investment if he saves the company billions of dollars. And it's not like rich people will vanish with a cap. People who own companies will still be rich. Actually, they are the richest people in america, and that's good, because they are the ones who create jobs.

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    Re: Should min wage be removed?

    Quote Originally Posted by Camlon View Post
    Don't forget about inflation and wage increases. Actually if we adjust the minimum wage for inflation and don't even think about wage increases, then the minimum wage has decreased the last 30 years. The burger is more expensive due to inflation.
    True, but I think what you're trying to say is that the buying power of wages has decreased while wages themselves have increased. It's a different way of putting what you said. Inflation affects buying power only, so the impact of inflation in combination of the wage increases results in a poorer unskilled worker class. By extension, everyone is poorer as well.
    Last edited by The_Patriot; 10-07-10 at 10:24 AM.

  6. #16
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    Re: Should min wage be removed?

    I don't think they should remove minimum wage. Some companies are cheap excuses for a business when it comes to their employees.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

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    Re: Should min wage be removed?

    Quote Originally Posted by digsbe View Post
    I don't think they should remove minimum wage. Some companies are cheap excuses for a business when it comes to their employees.
    I believe you're confusing a for profit business with a charity. If a company doesn't make a profit then it won't be able to employ people. One of the nasty side effects of the minimum wage is that when it increases jobs actually decrease in order to maintain a company's profitability. If you're for minimum wage you hate the poor and workers everywhere.

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    Re: Should min wage be removed?

    absolutely not. we are already in a race to the bottom.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  9. #19
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    I believe you're confusing a for profit business with a charity. If a company doesn't make a profit then it won't be able to employ people. One of the nasty side effects of the minimum wage is that when it increases jobs actually decrease in order to maintain a company's profitability. If you're for minimum wage you hate the poor and workers everywhere.
    Or that company can just cut the pay of those who earn the highest salaries in it's company. That wouldn't result in a loss of jobs at all.

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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    True, but I think what you're trying to say is that the buying power of wages has decreased while wages themselves have increased. It's a different way of putting what you said. Inflation affects buying power only, so the impact of inflation in combination of the wage increases results in a poorer unskilled worker class. By extension, everyone is poorer as well.
    I was talking about what makes the burger more expensive.
    1. Inflation
    2. Real wage increases. Burgers isn't any more efficiently made today, that they were 30 years ago. But the ones making burgers, from farmers to employees want their wage to be increased with the rest of society.

    It is true that poor people in the US hasn't got any richer the last 30 years and the minimum wage has decreased in real terms. However, it's not true for the whole population. However, I must comment that this inequality has very little to do with the minimum wage.
    Last edited by Camlon; 10-07-10 at 10:43 AM.

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