soOriginally Posted by sturg33
it isn't a scenario
but if you question was to happen and thus be a scenario, what are my thoughts?
not really sure how it isn't a scenario but it could have negative impacts in such a scenario but whatever
since we all think raising it to 50 bucks is dumb, i am not sure why you keep hammering away and acting like we came up with that number
I'm asking you to explain why $50/hr is dumb.
I agree. But I want to know WHY that is a bad move.
you want me to explain to you, your scenario?
jpx7 (12-15-2013)
A few questions:
1. Which of those countries has the best economy?
2. Do you think this ratio is because of the federal reserve?
3. Do you think the banking system plays a role in this?
4. Do you think the fed's QE's play a role in this?
5. Do you think the federal government's insistence on corporate welfare plays a role in this?
I'm actually giving up on your because you're too stupid to understand basic economics. Clearly you don't understand.
you're right
i don't understand why you want me to explain your bs scenario to you when it is has been agreed on to being a dumb idea
LOL. I'm asking WHY it's a bad idea. I think it's hilarious you can't answer.
i don't care to actually answer a made up scenario of some road you for some reason want to go down
if i thought minimum wage should be $50 dollars
i would go down the road with ya
The road I'm going down, if it's not obvious enough, is that raising the minimum wage, at some point, would have disastrous economic effects. Where is that point?
You guys think we'll be fine with rise of inflation. I disagree. Maybe you're right. Maybe I'm right. Considering that everyone agrees that there is a tipping point, we shouldn't just carelessly say "the guy who sweeps the foyer is just as valuable as the guy who sells the car"
that is not what i said about the guy sweeping the floor.
I said if one deserves a "living wage" why not the other.
Never mentioned value - never meant value- rarely see things in terms of value.
Just not my style when discussing abstracts
please stop putting words in my mouth
Saying the minimum wage should be indexed to inflation is one thing, but that doesn't answer the question of just what the minimum wage should be in actual dollars. Which is where the question of "why not $50" comes from. There's always a trade off that has to be made, so where do you make it?
File for exceptions in these circumstances? I think this would be a good compromise. Australia does this by the way, which is where I got the idea.
thank you weso1!
Businesses that require human workers and don't want to break the law will pay those wages, even if they hate it. As I said, this will lead to massive inflation, since prices would have to skyrocket to compensate. I'm sure other businesses would seek other solutions to move away from needing actual people, likely spurring new innovations.
This isn't a relevant comparison to a living wage.
Why don't you just make your own point instead of this faux-Socratic nonsense?
Calculating the actual, most effective wage would be a job for real life economists, not pretend message board ones. There is surely be an efficiency bell curve that could be drawn up by including all the relevant effects, and then you set the wage at the peak. For all you moonbat libertarians, just image a Laffer curve, only using wage effectiveness instead of tax revenue effectiveness.
This has basically already been done in the sections of the country where living wages have already been implemented. As a fake message board economist, I'd say national rates should probably follow that research and be in the 9-12 range. But IANAE.
Last edited by Metaphysicist; 12-13-2013 at 11:25 PM.
Mindless work? It is real work that you are disparaging. It's making sure the food gets cooked properly, it's making sure it's packaged properly, it's making sure the drive-thru runs smoothly, it's keeping things spotless, it's working the cash register, it's keeping orders straight, and many, many other things that you think are mindless. Let's see....if you go into McDonalds and are not served in a timely manner, or don't get your food cooked quickly and properly are you going to be happy? I bet not. If a person works 8 hours a day, standing most of the time, dealing with some nasty condescending customers, and doing their best....they deserve a living wage. And those of you who don't do any research...most fast food workers are not promoted or given yearly raises. The average age of a fast food worker is 29, and we subsidized many of those workers with food stamps and other assistance, while McDonalds get's tax breaks all over the place. We pay for those too...like we do with Walmart. We are PAYING, while corporations make billions of dollars in free money.
http://money.msn.com/now/post--mcdon...only-low-rungs
You're taking what thethe said too literally. All he and others are saying is that these are jobs in which workers can be replaced by virtually anyone in the workforce. They require no special skills. I don't really get why some aren't admitting this. It's ok to say that a job is a bottom of the rung job. You can't advance the conversation forward if you don't admit this, especially when some people on this board ignorantly accuse those they disagree with of hating minimum wage workers.
Is it not reasonable to just say... ok you are right that these are bottom of the rung jobs, but it's best for the country to raise minimum wage and here's why...
thank you weso1!
Respectfully, Weso, that is NOT all he and the others are saying.
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