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Originally posted by whaaa
I read the article you provided and this is what stuck out that made it lose all credibility and turned it into just conservative BS rhetoric and fantasy.
Poor people are not poor because of low wages. For the most part, they're poor because of low productivity,
As a young man I worked for min. wage and I can assure you that me and my fellow workers were not "low productivity" workers.
Furthermore, no employer should be allowed to unreasonably profit by exploiting the lack of negotiating power of low-wage workers. The free market fails to set a fair price when one side holds all the bargaining chips. In another context, this is why laws exist against monopolies. If only one supplier supplies a good, it can charge more than the good is worth because the purchaser is powerless to obtain it elsewhere. Low-wage workers are in the opposite position of the monopolist. They lack the skills that command higher wages, but, because they need to work to survive, they cannot withhold their labor from the market. The monopolist can set the price at almost whatever level it wants, while the low-wage worker must take almost whatever is offered for his or her labor. Minimum wages exist for the same reason that laws against monopolies existthey deal with situations in which the market fails to set fair prices.
Originally posted by EsSeeEye
This thread makes me both laugh and cry at the ignorance.
My only question would be: If minimum wages are good, why not just raise it to $10 an hour? Why not $20? Why not mandate that everyone in the country makes $100 an hour?
You're right, it's not that easy, but it sure sounds like it should be when people say "Someone doesn't like the minimum wage? They must hate poor people!!" then point nothing out about how to fix it.
Ignorance.
(For the record, my fix? Abolish the minimum wage altogether.)
Originally posted by ownbestenemy
reply to post by Janky Red
The minimum wage does not effect those people, nor those products directly. It does however directly effect small business owners who are selling items at a 2-5% profit margin because they are forced to pay a higher wage to someone that is doing an unskilled job. They are forced to hire less workers and carry less benefits lest they go out of business and then provide NO jobs at all.
Mind you...majority of minimum wage jobs are paid to part-time workers between the ages of 16-24 and are single.
Originally posted by ownbestenemy
reply to post by ch1ldofthe70s
Whoa I wanna know what single business owner is making 3k/hour, employing minimum wage workers.....Im in the wrong line of work.
Sorry have to play up the elite label I have been aptly given.