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Should min wage be removed?

Should min wage be removed?

  • Total voters
    68
Harry Guerrilla said:
I think a more fair compromise to this issue, would be to lower minimum wage some.
There are some jobs which clearly don't require the present minimum wage, while others that already go over the minimum.

Most people don't stay at minimum wage that long anyway and those that do are typically temp workers or lousy employees.
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I think it would be a good idea to index it to inflation or some sort of non-political means of raising and lowering the minumum wage, but still keeping it intact.
 
drz-400 said:
I think it would be a good idea to index it to inflation or some sort of non-political means of raising and lowering the minumum wage, but still keeping it intact.
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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.
 
Harry Guerrilla said:
Most people don't stay at minimum wage that long anyway and those that do are typically temp workers or lousy employees.
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those who make a "career" out of minimum wage jobs are either

a. mentally/physically incapable of self improvement (and thus eligible for govt disability income)

b. those unwilling to put the effort into self improvement (**** them, they get what they deserve)

c. that tiny miniscule fraction that through some bizarre set of circumstances beyond their control find themselves stuck in a dead end job.
 
Is it really worth $7.25/hr to ask "want fries with that"?
 
drz-400 said:
Realize though that over time the demand for labor will become more elastic. A supermarket could invest in physical capital (like a self checkout line) instead of another cashier. A minumum wage would encourage such a thing.
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Except that this is a case of a broken window fallacy. The loss at the present is ignored for the benfit of the future. Which do consumers want? The cashiers, or the self-checkout line? Which one is more worth the cost? Neither of us can decide that for the market, only the consumers can.
 
Your Star said:
You remove the min. wage, and that just puts more people on welfare, and similar programs. I really can't think of a worse idea.
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How do you figure when without a doubt minimum wage leaves more people out of work? It was my understanding that a man without a job is much more likely to be on welfare than a man who has a job. ;)
 
OscarB63 said:
Is it really worth $7.25/hr to ask "want fries with that"?
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I guess that's why Jack in the Box is starting to use machine cashiers. Those things are horrendous, I'd rather pay for the cashier.
 
phattonez said:
I guess that's why Jack in the Box is starting to use machine cashiers. Those things are horrendous, I'd rather pay for the cashier.
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why do you think walmart, home depot, lowes, etc, etc, etc started replacing some of its cashiers with those "self checkout" aisles?

companies are in business to make money. if you raise the minimum wage, companies will find a way to still make the same money. either by increasing cost to the consumer (which defeats the purpose of paying people more) or by reducing expenses by eliminating employees.

either way, those who suffer the most are the very ones the minimum wage increase is "supposed" to help.
 
phattonez said:
How do you figure when without a doubt minimum wage leaves more people out of work? It was my understanding that a man without a job is much more likely to be on welfare than a man who has a job. ;)
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A person making $0, and a person making $2.50 are still going to be on welfare in this country.
 
OscarB63 said:
either way, those who suffer the most are the very ones the minimum wage increase is "supposed" to help.
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And consumers suffer, while small businesses cannot stand the increased cost of business forcing them out and increasing the market share of large businesses. And all the while government looks good.
 
Your Star said:
A person making $0, and a person making $2.50 are still going to be on welfare in this country.
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At least the person making $2.50 an hour is producing goods and so lowering costs for consumers. The one making $0 is a total drain on the country.
 
The_Patriot said:
You did no such thing. The only thing you showed was to back up my statement that the price of a hamburger rose in relation to minimum wage.
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I see you cannot understand simple calculations.

Now lets take a look at your original statement.

The_Patriot said:
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.
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Hrm, since the cost of a burget was a smaller portion of a person's paycheck, this statement would be wrong.
 
megaprogman said:
Hrm, since the cost of a burget was a smaller portion of a person's paycheck, this statement would be wrong.
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Doesn't your argument assume that worker wages will go up and ignore the fact that more people will be unemployed after minimum wage goes into effect?
 
phattonez said:
Doesn't your argument assume that worker wages will go up and ignore the fact that more people will be unemployed after minimum wage goes into effect?
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I was basing my argument on raw hourly wages with nothing else factored in.

However, if you have a calculations for those who would get laid off during a wage increase, I would be happy to factor it in.
 
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
 
megaprogman said:
I see you cannot understand simple calculations.

Now lets take a look at your original statement.

Hrm, since the cost of a burget was a smaller portion of a person's paycheck, this statement would be wrong.
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Actually, you only reaffirmed my statement since I said that the price of the hamburger cost roughly the same percentage as it did under the old minimum. You just happen to prove that the percentage was higher under the new minimum wage.
 
megaprogman said:
I was basing my argument on raw hourly wages with nothing else factored in.

However, if you have a calculations for those who would get laid off during a wage increase, I would be happy to factor it in.
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You know that's impossible to calculate with any accuracy.
 
The_Patriot said:
Actually, you only reaffirmed my statement since I said that the price of the hamburger cost roughly the same percentage as it did under the old minimum. You just happen to prove that the percentage was higher under the new minimum wage.
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that's what I thought as well.
 
OscarB63 said:
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
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Umm, would that be c? :)
 
No. A standard of living must be maintained.

If you want to improve the domestic job market to compete against foreign nations, then rules need to be applied to American corporations, or tariffs need to be applied to foreign goods.
 
Orion said:
No. A standard of living must be maintained.
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Right. If you're not good enough to make the minimum wage then you should not be an employee. Better you become homeless and starve than at least earn enough money for food and gain experience for advancement later in life.

If you want to improve the domestic job market to compete against foreign nations, then rules need to be applied to American corporations, or tariffs need to be applied to foreign goods.
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Tarriffs? What an idea. Economics is so easy when you ignore the forgotten man (in this case the consumer).
 
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.
 
Gabriel said:
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.
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I'd like to see some proof to back up your assertation.
 
The_Patriot said:
I'd like to see some proof to back up your assertation.
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umm the elimination of the min wage is a standard held within libertarianism .. another anti regulatory argument that the free market knows best.
 
Gabriel said:
umm the elimination of the min wage is a standard held within libertarianism .. another anti regulatory argument that the free market knows best.
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You said that the general public would be against the removal of minimum wage. I asked for you to provide a source, so pony up a source.
 
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