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

  1. #81
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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.
    Around $9.25-$9.50

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

    Quote Originally Posted by Dans La Lune View Post
    Those who advocate for a low minimum wage, or no minimum wage, should understand that the government is heavily subsidizing corporations because they have to pick up the difference -- whether its food stamps, housing, or and/or Medicaid. Meanwhile, these same people want to reduce or eliminate government assistance entirely.

    So basically, conservative-ideology wants to cut the economic ladder at both ends, then blame the worker for not being able to climb it.
    Constant inflation only results in the so-called "economic ladder" growing in length. Government actions only have resulted in reducing the gap between rungs at the bottom, which has increased the gap between rungs above. Money, regardless of the source from which it originated, will flow to where it is spent.

    A rising tide (inflation) does NOT float ALL boats equally, those that have sunk and/or are sinking remain sunk or will eventually sink in deeper water as a result.

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

    Quote Originally Posted by Drawdown View Post
    Around $9.25-$9.50
    Requiring an hours productive labour for each $9.25-$9.50 provided by an employer or government might be somewhat acceptable.

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

    Quote Originally Posted by Dans La Lune View Post
    Those who advocate for a low minimum wage, or no minimum wage, should understand that the government is heavily subsidizing corporations because they have to pick up the difference -- whether its food stamps, housing, or and/or Medicaid. Meanwhile, these same people want to reduce or eliminate government assistance entirely.

    So basically, conservative-ideology wants to cut the economic ladder at both ends, then blame the worker for not being able to climb it.
    That's an interesting take, because - visually - that is almost exactly how we see the impact of leftist ideology.

    1. By raising the wage floor beyond the ability of our least experienced and educated populaces, we prevent them from ever getting the first job which can translate to more experience and the ability to get a second, better job, and so on, and so forth. Similarly, the current structure of the welfare state punishes them if they attempt to make wise decisions (such as marriage and increasing income) that positively correlate with upward mobility.

    2. By imposing heavy regulatory (which, big and established companies love, and, usually, gleefully help to author), and a heavy tax burdens at the top, we raise the threshold and make it more difficult for competitors to rise, protecting the position of those already at the top from competition with rising small to medium businesses and downwardly depressing the upwardly mobile members of the middle class.

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

    Quote Originally Posted by Individual View Post
    Requiring an hours productive labour for each $9.25-$9.50 provided by an employer or government might be somewhat acceptable.
    If someone is not being productive, they should be terminated. In the last 10 years since the most recent increase, not a lot has gotten cheaper so it is only fair that the MW be increased just for the rising cost of things like cable TV, food, etc. I chose my window based on the premise that smaller increases over time will not have huge dire economic impacts on businesses in at risk communities. Big increases are going to be job/business killers.

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

    Quote Originally Posted by Jason Warfield View Post
    Ideally, minimum wage would be largely dictated by national inflation, consumer price index (CPI) and the national cost of living in the US. As the CPI moves up, it normally does so in face of inflation or a rise in cost of living. The reason for a national minimum wage is simple; it bolsters the American dollar value nationally. If we were to rely on each state to provide its own minimum wage, the value and buying power of the dollar would weaken nationally due to the irregular currency values in various, internal markets.

    What many don't seem to understand is that a minimum wage really only does one thing; give the American dollar buying power with the times. Inflation and the CPI ALWAYS creep upwards. They may level off, but they NEVER go backwards. Insisting on forcing people to work for a dollar whose value is less than what the CPI and inflation dictates, devalues the dollar. That actually means that more dollars are needed to make purchases. Think like Germany after WW1 as an extreme example.

    Here's what minimum wage does NOT affect: upward costs of product and the cost of making said products. Those increases of price and cost of production comes from need and the price is determined, again, by inflation and the CPI. A minimum wage is in RESPONSE to those increases, it is NOT the reason for those increases.

    What you said.

    A wage/salary based on local area COL and thereafter rising annually by CPI would eliminate a lot of the government assistance given to those who now qualify for such due to not making a living wage. That assistance is actually suppressing wages because companies, as Walmart has said, know they can keep wages low because the lowest-paid employees can get some form of government assistance. It’s better to put money into the hands of those who are working for it and will spend it than to give it away to the rich and large corps in the form of revised tax system that redistributes wealth further into the hands of those that did nothing for it and will do not nothing with it that ultimately benefits many people, as Trump promised it would and has obviously not happened.

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

    i dont understand why some people wanna get rid of the minimum wage so people work for free

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

    Quote Originally Posted by memberya2 View Post
    i dont understand why some people wanna get rid of the minimum wage so people work for free
    Umm why would anyone work for free?
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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

    Quote Originally Posted by pinqy View Post
    Umm why would anyone work for free?
    In the past that would have been defined as charity, when people choose to do for or give to another, money or something of value at no cost.

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

    Quote Originally Posted by Drawdown View Post
    If someone is not being productive, they should be terminated. In the last 10 years since the most recent increase, not a lot has gotten cheaper so it is only fair that the MW be increased just for the rising cost of things like cable TV, food, etc. I chose my window based on the premise that smaller increases over time will not have huge dire economic impacts on businesses in at risk communities. Big increases are going to be job/business killers.
    The problem with that is, that which has no value does not increase in value as a result of inflation.
    Inflation does not apply equally to all things, and that which is in high demand often increases in price greater than the inflation rate.
    Inflation, as claimed by another in this thread (Post #3), DOES NOT bolster the value of the American dollar nationally. It does however, bolster the ability nationally to raise the price on things which are in high demand. And living abroad, a while back I needed to do a little carpentry work and faced with buying a hammer, I found a choice between a Stanley brand costing about $15 and a Chinese made hammer costing about $3. Needless to say, I bought the Chinese made.

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