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 1 of 29 12311 ... LastLast
Results 1 to 10 of 289

Thread: Should min wage be removed?

  1. #1
    Educator Gabriel's Avatar
    Join Date
    Jun 2010
    Last Seen
    10-07-10 @ 08:38 PM
    Lean
    Other
    Posts
    1,019

    Should min wage be removed?


  2. #2
    Baby Eating Monster
    Korimyr the Rat's Avatar
    Join Date
    Feb 2006
    Location
    Laramie, WY
    Last Seen
    11-23-17 @ 02:02 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    18,709
    Blog Entries
    1

    Re: Should min wage be removed?

    Moderator's Warning:
    Should min wage be removed?Why don't you post some original commentary to go with your link?

  3. #3
    Anti-Hypocrite
    molten_dragon's Avatar
    Join Date
    Oct 2009
    Location
    Southeast Michigan
    Last Seen
    Yesterday @ 07:26 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,351

    Re: Should min wage be removed?

    No........
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  4. #4
    Baby Eating Monster
    Korimyr the Rat's Avatar
    Join Date
    Feb 2006
    Location
    Laramie, WY
    Last Seen
    11-23-17 @ 02:02 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    18,709
    Blog Entries
    1

    Re: Should min wage be removed?

    Yes. Labor is essentially a market good; its price is determined by the same forces of supply and demand that govern every other market good. Government policies, like price controls on other goods, can alter the price of a good but not its value meaning that the minimum wage decreases the demand for labor and thus reduces the amount of labor that businesses choose to purchase. It drives people out of jobs and depresses the wages of jobs that would otherwise be worth more than the minimum wage.

    If we want to help the working class in this country, we should working on keeping jobs here rather than driving them overseas.

  5. #5
    Educator Gabriel's Avatar
    Join Date
    Jun 2010
    Last Seen
    10-07-10 @ 08:38 PM
    Lean
    Other
    Posts
    1,019

    Re: Should min wage be removed?

    Quote Originally Posted by Korimyr the Rat View Post
    Yes. Labor is essentially a market good; its price is determined by the same forces of supply and demand that govern every other market good. Government policies, like price controls on other goods, can alter the price of a good but not its value meaning that the minimum wage decreases the demand for labor and thus reduces the amount of labor that businesses choose to purchase. It drives people out of jobs and depresses the wages of jobs that would otherwise be worth more than the minimum wage.

    If we want to help the working class in this country, we should working on keeping jobs here rather than driving them overseas.
    It's not that cut and dry.
    Does a Higher Minimum Wage Reduce Jobs?

  6. #6
    Sage
    samsmart's Avatar
    Join Date
    Dec 2009
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    10,316
    Blog Entries
    37

    Re: Should min wage be removed?

    Yes, the minimum wage should be removed. Because the gap between the wealthy and the poor just isn't wide enough for my liking.

  7. #7
    Banned
    Join Date
    Jul 2009
    Location
    Oslo, Norway
    Last Seen
    07-07-16 @ 08:11 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,854

    Re: Should min wage be removed?

    Quote Originally Posted by Korimyr the Rat View Post
    Yes. Labor is essentially a market good; its price is determined by the same forces of supply and demand that govern every other market good. Government policies, like price controls on other goods, can alter the price of a good but not its value meaning that the minimum wage decreases the demand for labor and thus reduces the amount of labor that businesses choose to purchase. It drives people out of jobs and depresses the wages of jobs that would otherwise be worth more than the minimum wage.

    If we want to help the working class in this country, we should working on keeping jobs here rather than driving them overseas.
    But you can't place a value on a person in that way. A person is not worth 300 dollars. What he is worth depends on the market like other goods.

    Think about a village with 100 people. 30 of them are uneducated and can only do sevice jobs for the remaining 70. There are only 20 such jobs and 10 of them are unemployed and desperate of getting a job. Let's say the 20 people earn 10 dollars per hour, but the 10 unemployed earns nothing except food so 8 dolllars is pretty good wage. However, the 70 don't really need more service workers and employ 21 people. It keeps going till for instance the wage is at 4 dollars and they are so cheap that they can employ workers for nearly useless tasks.

    It would have been much better for the 30 people at the bottom if they decided to keep a minimum wage, and gave support to the ones who can't find a job. Also the unemployed workers could have found something else that was in demand, or they could have gotten themselves an education and increase their value. Actually it would have been better, even if they didn't find other jobs.

    We need a minimum wage, but it shouldn't be too high. Because then it's too hard to enter the labour market, since they have to create so much value.

  8. #8
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: Should min wage be removed?

    I don't understand why anyone would want this country to become more like a third world ****hole.

  9. #9
    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?

    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.
    Last edited by The_Patriot; 10-07-10 at 09:30 AM.

  10. #10
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    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.
    @7.50/hr*40hr the burger (at 1.09) = .47% of wages
    @3.15/hr*40hr the burget (at 0.59) = .36% of wages

Page 1 of 29 12311 ... 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
  •