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 26 of 29 FirstFirst ... 162425262728 ... LastLast
Results 251 to 260 of 289

Thread: Should min wage be removed?

  1. #251
    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 Wiseone View Post
    Actually in the first model, at 3.15 minimum wage, the hamburger would be 11 minutes of work or 18% of his hourly wage, or roughly 5.3 hamburgers an hour.

    In the second model the hamburger is worth 8.7 minutes of work or 15% of his hourly wage or 6.8 hamburgers an hour.

    So in relative terms even though the price of the hamburger went up, he's actually earning more purchasing power in terms of dollars to hamburgers.
    That's fine and dandy, but the inflation calculator shows that his purchasing power went down.

  2. #252
    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 earthworm View Post
    When man learns to RESPECT his fellow man.....then the minimum wage, and many other things can be lifted.
    But this is yet to happen.
    It was not that long ago when slavery prevailed.
    Is this what the tea bagging conservatives want?
    Me?
    I just want honesty....and truthfulness.
    Competition: learn it, love it, live it.

    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

  3. #253
    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 Guy Incognito View Post
    By your logic, why not just throw child labor in there while you're at it?
    The only reason that children stopped working is because they no longer had to for survival. There are countries out there that have outlawed it but still experience. Children don't work because there are evil people forcing them to. They work because the only other option is starvation.

    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

  4. #254
    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 Orion View Post
    Right... better to eliminate minimum wage so that companies can exploit our own people instead of going overseas like they usually do. If this is the method to lure the manufacturing sector back, then it's not worth it. We should be regulating the companies more in that case, not paying our people pennies.
    How is it exploitation if people AGREE to work for that wage?

    Those in favour of this idea don't seem to understand what cost of living means. Great, so you'll have a job at $3/hr, and after working for 12 hours you can maybe by some groceries to last for two days. What about the rest of your bills? It doesn't matter how many jobs you get, you can't fit enough work in 1 week to cover expenses because the cost of living is not going to decrease in line with minimum wage being tossed out.
    $3 per hour is better than $0 per hour. Isn't it?

    I don't see how making the poor and unqualified working class slaves is the answer to jobs being outsourced. The proper thing to do is place controls on business itself, not the individual.
    Where do people come up with this stuff? WTF is a voluntary slave?!

    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. #255
    Banned
    Join Date
    Feb 2010
    Last Seen
    11-18-12 @ 01:27 PM
    Gender
    Lean
    Undisclosed
    Posts
    520
    Blog Entries
    18

    Re: Should min wage be removed?

    See I need cheaper labor. Right now with alot of people making part time wages they will work full time for less. So if the artificial wage set by the government was lifted I could expand. Right now I have part time help because its tied to the Minimum wage.They would be glad to get it the market will bare lower wages and that in tiurn will help everyone.Especially my customers.

  6. #256
    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 mac View Post
    Eliminating the minimum wage would create jobs and create more labor competition.
    This assumes that more people will look for a job or maintain a similar search effort if a minimum wage was removed. Does this seem logical, considering they will now be looking for a job worth less money (assuming the minimum wage is binding)?

    Use your own experience in the labor market. When you search for a job, you do not go around and bargain with the companies and set your own wages (for the most part). You look in the paper, on monster.com, etc at particular job openings and look for acceptable offers. This, I believe, is especially true for those "minimum wage" type of jobs.

  7. #257
    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 phattonez View Post
    The only reason that children stopped working is because they no longer had to for survival. There are countries out there that have outlawed it but still experience. Children don't work because there are evil people forcing them to. They work because the only other option is starvation.
    And why did this happen? Largely due to increases in productivity. What brings about such changes? Well, it is well known that technology plays and integral role, but investment in capital goods (physical and human) also brings about such changes. A minimum wage gives an incentive to invest in both.

  8. #258
    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 The_Patriot View Post
    That's fine and dandy, but the inflation calculator shows that his purchasing power went down.
    You are correct, I think using the mcdonalds hamburger was probobly a flawed measure of inflation. Here is a graph showing the minimum wage and the inflation adjusted minimum wage. It is obvious it has been going down for some time when we adjust for inflation.



    Edit: I found a slightly better graph with the recent years on it. The real minimum wage has increased a considerable amount with the recent increases, although it is still below its highs in the 60's,70's and early 80's.

    Last edited by drz-400; 10-10-10 at 08:08 PM.

  9. #259
    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
    And why did this happen? Largely due to increases in productivity. What brings about such changes? Well, it is well known that technology plays and integral role, but investment in capital goods (physical and human) also brings about such changes. A minimum wage gives an incentive to invest in both.
    At what current expense though? Goldenboy made the argument that minimum wage ended the elevator boy and brought about automatic elevators so the elevator boys could do other jobs. But he forgot that automatic elevatrors are more expensive, so this scheme would contribute to a shortage of buildings. You have to look at unintended consequences. Besides, what would be more important for those countries is foreign investment. It would bring them up to speed much quicker than internal investment.

    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. #260
    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
    Use your own experience in the labor market. When you search for a job, you do not go around and bargain with the companies and set your own wages (for the most part). You look in the paper, on monster.com, etc at particular job openings and look for acceptable offers. This, I believe, is especially true for those "minimum wage" type of jobs.
    What's the difference? Either way you have a lowest acceptable wage you will work for. Minimum wage does not affect that, just as it does not affect the highest wage that they will pay a new worker.

    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

Page 26 of 29 FirstFirst ... 162425262728 ... 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
  •