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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?

    Quote Originally Posted by danielpalos View Post
    Even under our form of Capitalism? Capitalism has a natural rate of unemployment and our economy has capital boom and capital bust cycles.
    THAT, my friend, is both nonresponsive and a shift of the goalposts. One is unrelated to the other.

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

    Quote Originally Posted by NWRatCon View Post
    THAT, my friend, is both nonresponsive and a shift of the goalposts. One is unrelated to the other.
    Corporate downsizing and layoffs happen because of Capitalism's boom and bust cycles.

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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'm not sure a flat minimum wage is a good idea.

    If we're going to have a minimum wage it ought to be a "living wage", as in tied to the cost of living in the area. But then you have places like NYC or especially Manhattan, where the COL would make the min wage astronomical compared to some small town in rural Texas, or some such.

    To clarify, according to the Economic Policy Institute's "Family Budget Calculator", for a family consisting of 2 adults and 2 kids, the COL is as follows:

    New York metro area, New York - $10,344/mth - $124,129/year
    Manhattan metro area, Kansas - $7,384/mth - $88,603/year
    Harrisburg/Carlisle metro area, PA - $7,889/mth - $94,665/year
    Kinney County, Texas - $5,237/mth - $62,842/year

    If you're a single adult with no kids it's much cheaper:
    New York metro area, New York - $4,277/mth - $51,323/year
    Manhattan metro area, Kansas - $3,309/mth - $39,708/year
    Harrisburg/Carlisle metro area, PA - $3,130/mth - $37,562/year
    Kinney County, Texas - $2,760/mth - $33,122/year

    Interestingly apparently having a family increases your costs more in some areas than in others, which of course would be a thing, but as a single adult myself I hadn't really thought about it.

    Edit: Damnit nevermind, I think this site gave me "Manhattan metro area" in Kansas

    Edit 2: There.
    Last edited by The Mark; 12-02-19 at 08:45 PM.
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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by danielpalos View Post
    Corporate downsizing and layoffs happen because of Capitalism's boom and bust cycles.
    Again, which is a propos of what, exactly?

    It's not that I disagree with you that much, my friend, it's that the argumentation is based upon non sequiturs.

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

    Quote Originally Posted by NWRatCon View Post
    Again, which is a propos of what, exactly?

    It's not that I disagree with you that much, my friend, it's that the argumentation is based upon non sequiturs.
    It is about Capitalism's natural rate of unemployment and unemployment compensation for that in our at-will employment States.

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

    Quote Originally Posted by danielpalos View Post
    It is about Capitalism's natural rate of unemployment and unemployment compensation for that in our at-will employment States.
    And that relates to the thread how? (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?

    Quote Originally Posted by NWRatCon View Post
    And that relates to the thread how? (What should the minimum wage be, or should we not have one at all?)
    Would we need a statutory minimum wage if persons could apply for unemployment compensation for simply being unemployed instead?

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

    Quote Originally Posted by danielpalos View Post
    Would we need a statutory minimum wage if persons could apply for unemployment compensation for simply being unemployed instead?
    Would we need a minimum wage if we adopted a universal basic income? A good question, but is it related?

    As to your question: yes. The correlation is so tenuous as to be undetectable. I could, however argue that it would undercut employment altogether to have unqualified unemployment compensation. Would you contend that it would be tantamount to a minimum wage? (I'm trying to get a more fulsome discussion.)

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

    Quote Originally Posted by danielpalos View Post
    so what. that only means something to the "economically challenged" right wing. The rest of us know, equal protection of the law can correct for Capitalism's natural rate of unemployment in a market friendly manner with existing legal and physical infrastructure on an at-will basis in our at-will employment States.
    Apparently, the executive suites of corporate America must all be "economically challended," because if they can cut costs by eliminating bodies they do it. And I have to admit that I can't make any sense out of your statement. When it comes to the laws of economics, I never heard the term "equal protection of the law." I saw that in a constitutional law class, but never in Econ 101 or 102.
    Last edited by Ahlevah; 12-02-19 at 09:46 PM.
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    Re: What should the minimum wage be, or should we not have one at all?

    Quote Originally Posted by danielpalos View Post
    Are you claiming everyone on the street now, wants to be there for free under our form of Capitalism?
    What I said was "No one has to be on the street, if they don't want to be." Are they making an effort to get off the street, or just waiting on government to provide their wants?

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