Having a minimum wage does nothing but hurt workers, shareholders, and consumers.
People should get payed what they are worth.
inb4 poverty *******s
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Thread: Minimum wage should not exist
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08-17-2012, 09:43 PM #1
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08-17-2012, 09:44 PM #2
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08-17-2012, 09:46 PM #3
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08-17-2012, 09:46 PM #4
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08-17-2012, 09:46 PM #5
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08-17-2012, 09:46 PM #6
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08-17-2012, 09:49 PM #7
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08-17-2012, 09:51 PM #8
I have taken enough to meet minimum requirements, but as an engineering major, i have to take classes that will ensure that i don't have to bitch about not getting paid enough.
Right... and unions should be outlawed... all they've ever done is stick up for the middle class.
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08-17-2012, 09:52 PM #9
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08-17-2012, 09:53 PM #10
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08-17-2012, 09:53 PM #11
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08-17-2012, 09:54 PM #12
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08-17-2012, 09:54 PM #13
Strong knowledge of the economy.. Right to work is BS... BRB laid off good paying job, instead of collecting EI temporarily while looking for anoth job forced to work at McDs for minimum wage, which would now not exist in your world... How is a society that lives off well below living standard wages a good thing? BRB too poor to buy anything (hurts economy) BRB crime rate goes up BRB need more police with tax dollars we aren't paying since we make no money. GTFO
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08-17-2012, 09:55 PM #14
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08-17-2012, 09:55 PM #15
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08-17-2012, 09:57 PM #16
If kids were allowed to work we would have a much more skilled populace. The employment rates for young adults in this country, especially minorities, are absolutely terrible compared to the general population. Minimum wage, along with unions, ensures that it will be as difficult as possible for a young person to find a job and earn the necessary experience to find better jobs.
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08-17-2012, 09:57 PM #17
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08-17-2012, 09:57 PM #18
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08-17-2012, 09:58 PM #19
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Henry Ford was famous for paying his workers 5$ a day, which was the highest salary at that time. that was an ounce and a quarter of gold at that time, which is $2500 a week with today's exchange rate. They weren't paying income or payroll taxes, there was no minimum wage or unions. We paid the highest wages in the world and produced the best quality, least expensive products. that's only possible because we had the smallest govt, low regulations and low taxes. And if we want to recreate american industry, we have to recreate that environment.
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08-17-2012, 10:00 PM #20
Price floors and price ceilings are a form of central economic planning and central economic planning always fails. There are laws in economics just like there are laws in physics. And just like no one can defy the law of gravity, no be can defy economic laws and principles. Not even the Almighty United States of America...
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08-17-2012, 10:00 PM #21
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08-17-2012, 10:02 PM #22
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08-17-2012, 10:02 PM #23
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08-17-2012, 10:03 PM #24
That's nonsense since "worth" is meaningless.
An argument could be made that fast food people working the late shift or at dinnertime are extremely valuable as the fast food industry makes huge money. The pizza business is multi-billion for instance.
The line worker in almost every business is what makes the business possible, not management, if the business is set up well. So, the lowest type of work should be making huge money and the top manager very little.
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08-17-2012, 10:06 PM #25
Fast food people are not valuable because any idiot can do the job. I have worked a good amount of fast food jobs, and it is amazing how you can have the same workers be much more efficient with a good manager as opposed to a bad one. That is why stores will offer higher pay to an efficient manager.
On the other hand, how many people have the skill, drive, and intelligence to become a doctor?
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08-17-2012, 10:24 PM #26
It's not about who can DO the job, but who IS doing the job.
If you have a burger place it doesn't matter who can do it, but who is making the burgers. If no one wanted to do that job, then you would have no business at all. Thus, the burger making is the prime income generator of the burger industry, not some other person and not the owner.
As most people who work know, when the boss is on vacation things don't stop and many times they run better.
The only time what we currently call the "top people" are needed is when they're an artist, designer, etc who is the prime person that creates the product. That is extremely rare in most industries.
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08-17-2012, 10:28 PM #27
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08-17-2012, 10:31 PM #28
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08-17-2012, 10:33 PM #29
In a perfect economy, no worker will make less than how minimum wage is currently calculated.
In the current progression towards a perfect economy, workers will make less than minimum wage because our society is not yet able to support a perfect capitalistic economy because of social problems.
Soon enough, minimum wage will be a thing of the past but currently there are more pressing problems that precede any positive change removing minimum wage will have on total utility in our economy.
So once you fix unfair social practices, then you can remove minmum wage, then we can live in a ever nearing perfect society.
Soon enough, brotherman.
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08-17-2012, 10:36 PM #30
It's a good idea in theory, but there will always be someone willing to work the same job for much, much less, and thus reduce the value of all workers. Minimum wage ensures that there remains some sort of an equilibrium point between what employers pay, and what employees receive.
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