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. #201
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    Re: Should min wage be removed?

    Quote Originally Posted by UtahBill View Post
    How many of those businesses will just keep the money? They certainly won't increase hiring beyond their needs. so those on welfare get nothing...and some can't live without it. Granted, many are welfare cheats, but not most of them..
    that is the intent. they keep the money to pay for the cost of upping the minimum wage.
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  2. #202
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    Re: Should min wage be removed?

    Quote Originally Posted by UtahBill View Post
    How many of those businesses will just keep the money? They certainly won't increase hiring beyond their needs. so those on welfare get nothing...and some can't live without it. Granted, many are welfare cheats, but not most of them..
    Sadly it appears that many companies are being run by smooth talkers and nothing else. Their business sense is not any good and they do not look at employees like humans.

  3. #203
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    Re: Should min wage be removed?

    Quote Originally Posted by OscarB63 View Post
    that is the intent. they keep the money to pay for the cost of upping the minimum wage.
    but what does that have to do with welfare? you would cut off ALL welfare?
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  4. #204
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    Re: Should min wage be removed?

    Quote Originally Posted by UtahBill View Post
    but what does that have to do with welfare? you would cut off ALL welfare?
    except for those physically/mentally unable to work.
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

  5. #205
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    Re: Should min wage be removed?

    Quote Originally Posted by mikhail View Post
    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
    Sure thing, but just look up the Luddite Fallacy, and hopefully you'll see that the number of jobs in the world is not static.

    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. #206
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    Re: Should min wage be removed?

    Quote Originally Posted by OscarB63 View Post
    except for those physically/mentally unable to work.
    I knew you had a heart, somewhere...

    I have a friend with a Downs Syndrome sister, about age 60, who is living in a group home now that her parents have passed on. She has a JOB, has for decades....

    I have a brother,about the same age, has only worked 2 years in his whole miserable life, and that was in the military....
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  7. #207
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    Re: Should min wage be removed?

    Does more production lower the cost of final goods? Yes.
    So then leaving people out of production would lead to overall less production which would lead to an overall higher price of goods.

    A company will only hire someone if he is willing to work for slightly less than his marginal productivity (otherwise the company couldn't make a profit on hiring the person).
    Minimum wage sets the lowest possible wage so that if a person's marginal productivity is at or below that marginal productivity, he will not be hired.
    So then minimum wage forces some amount of people out of work when it is instituted.

    Because minimum wage forces people out of work, production will be lower than it could have been, so resulting higher prices for all of us.

    So we get a higher price of goods and the producers that are affected get left out of work. Who exactly wins in this situation then?

    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. #208
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    Re: Should min wage be removed?

    Quote Originally Posted by OscarB63 View Post
    except for those physically/mentally unable to work.
    Hey, I thought "mentally unable to work" is why we have officers in the military....
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  9. #209
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    Re: Should min wage be removed?

    Quote Originally Posted by UtahBill View Post
    I knew you had a heart, somewhere...

    I have a friend with a Downs Syndrome sister, about age 60, who is living in a group home now that her parents have passed on. She has a JOB, has for decades....

    I have a brother,about the same age, has only worked 2 years in his whole miserable life, and that was in the military....

    that's my biggest complaint with welfare, in breeds laziness. there are plenty of jobs out there, if people would be willing to do them. if your friend's sister can hold down a job then there are very few people that can't.

    unless you are just a complete retard, there are menial jobs that you can be trained to do.
    unless you are completely paralyzed, the are non-physical jobs you can do.

    too many people refuse to work because they are "too good" to settle for a particular job.

    I realize that it is embarassing for you to work at walmart when you have a masters degree in Mandarin, but all the translator jobs at the Chinese embassy are filled.
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

  10. #210
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    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    Does more production lower the cost of final goods? Yes.
    So then leaving people out of production would lead to overall less production which would lead to an overall higher price of goods.

    A company will only hire someone if he is willing to work for slightly less than his marginal productivity (otherwise the company couldn't make a profit on hiring the person).
    Minimum wage sets the lowest possible wage so that if a person's marginal productivity is at or below that marginal productivity, he will not be hired.
    So then minimum wage forces some amount of people out of work when it is instituted.

    Because minimum wage forces people out of work, production will be lower than it could have been, so resulting higher prices for all of us.

    So we get a higher price of goods and the producers that are affected get left out of work. Who exactly wins in this situation then?
    How does consumer demand fit into your post? Isn't production determined by demand more than anything else?
    Oracle of Utah
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