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Thread: What should the minimum wage be, or should we not have one at all?

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    Re: What should the minimum wage be, or should we not have one at all?

    Minimum wage should not be a career choice. It should be a stepping stone. Something to do while you're gaining marketable skills. But if we're serious about making unskilled jobs pay more, then we need to look at immigration, especially illegal immigration, and look at globalization. Because markets drive wages. If every other fast food joint is hiring cheap immigrant labor, your fast food joint will have to as well. If you really want to raise minimum wage, create a labor shortage. A labor shortage faced by every fast food joint. BTW; as we know from watching Dirty Jobs on television, Americans will do ANY job. They just won't do it for peanuts.

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    Re: What should the minimum wage be, or should we not have one at all?

    Having a conversation honestly about "minimum" wage would begin with updated and modernizing our understanding of GDP.
    #BDS

    No forgiveness here remains.

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by dkap View Post
    minimum wage is a big topic right now and I'd like to see everyone's ideas.
    There's no need to rise minimum wages as long as people like to work on multiple jobs, right? So you can work all the time and have enough money if you get sick, etc.. flawless system.
    Fiat iustitia, et pereat mundus

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by dkap View Post
    minimum wage is a big topic right now and I'd like to see everyone's ideas.
    I don't know the right answer, but I think that any minimum wage laws should only be set at the state or municipal level. There's no good reason for the Federal Government to be imposing this across the board.
    Last edited by Tlrmln; 08-21-19 at 03:07 AM.

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by FinnFox View Post
    There's no need to rise minimum wages as long as people like to work on multiple jobs, right? So you can work all the time and have enough money if you get sick, etc.. flawless system.
    Just get a better paying job.

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by Tlrmln View Post
    Just get a better paying job.
    Good advice! Maybe people need to search better jobs more aggressively.
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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by Obscurity View Post
    Having a conversation honestly about "minimum" wage would begin with updated and modernizing our understanding of GDP.
    How would you try to relate the GDP to the minimum wage?

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by MTAtech View Post
    Not having a minimum wage would cause a race to the bottom. Employers speak with one voice but employees are disorganized.
    there is no evidence to support this argument. Without a minimum wage workers can work and negotiate their labor fairly. employers will not race to the bottom
    as then they will have no workers. No one will work for lower wages. So employers that do try to race to the bottom will be eliminated by employers that won't.

    There should be a national MW and the states can have higher ones.
    then a 15 minimum wage is not needed. the minimum wage is fine where it is since states
    and people can vote how much they want to increase their own spending.

    The MW also drives supervisory salaries higher. In a country in which the top has grabbed a larger and larger share of national income, the MW is essential.
    No it doesn't i have yet to receive an equal 50% pay bump when all of these places increasing their minimum wage.
    not really as MW only increases the floor of which people live in poverty.

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by dkap View Post
    minimum wage is a big topic right now and I'd like to see everyone's ideas.
    The actual minimum wage is $0, because unemployment exists.

    If you wish to maximize the number of people employed, then you should

    A) get rid of the minimum wage, and
    B) ensure that public support to the poor or working poor don't discourage work below a certain threshold.


    Otherwise people have to choose between low paid work and low paid leisure, and the latter will often win out.

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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by dkap View Post
    minimum wage is a big topic right now and I'd like to see everyone's ideas.
    Ideally, adopt the Scandinavian approach: no minimum wage, but strong general/global unions that consistently negotiate an hourly that's greater than the iconic $15: 5 Developed Countries without Minimum Wages
    "The amount of energy necessary to refute bull**** is an order of magnitude bigger than to produce it." -Alberto Brandolini

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