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Minimum Wage

Discussion in 'Too Hot for Swamp Gas' started by bakaduin, Jul 17, 2013.

  1. KelticGator
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    KelticGator Premium Member

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    Exactly, and this is how it should be. If an expense (in this case wages) increases a business needs to increase its prices to cover these additional costs.

    Now personally I think fair wage laws are a redistribution of wealth between lower income classes (it has minimal effect on the middle or upper class). Some lower income workers will make more and some will lose jobs.

    I really don't think it has a great impact on the economy personally. The only effects I see are for companies that compete in a global market (where wages could make their goods more expensive to other products) and when there is specific targetting (eg Washington DC targetting big box stores).

    In the first instance foreign wages can already be much less than US workers so I'm not sure we could ever deliver the lower cost item without a huge advantage elsewhere (productiving, proximity to resources, etc). In the second instance this seems illegal. To force certain business to raise their prices or cut their profit while allowing other existing or exempted business not to compete on the same playing field feels like a blatant restraint of trade.
  2. QGator2414
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    QGator2414 VIP Member

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    I always get a kick out of what some Americans think "poverty" is...

    Especially when you consider many across the world feel blessed to have a 10X10 box shelter with no utilities...
  3. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Sure. We as a society can decide that someone's productive value has a floor (or ceiling for that matter). "Productive value" is just as subjective as "living wage," unless you want to argue that Paris Hilton has more intrinsic value to society than a teacher.
  4. neisgator
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    neisgator Belligerent Gator

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    Curious...did you check out the link?
  5. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Sure. I don't see anything to dispute there. MY thinking was that a wage floor is more about pushing up wages in general, rather than simply a relatively few number of people making federal minimum. The average wage at most places that rely on cheap labor is probably in the neighborhood of 9-11/hr.
  6. neisgator
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    neisgator Belligerent Gator

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    Which, in most of the country is just fine. Work full time making 10$ bucks an hour and you can live on that.
  7. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Yeah, because you are more than likely also receiving gov't benefits or tax subsidies of some sort, which is the whole point of the thread. But the same is true of someone making 30k, or 50k (with kids) a year too. For the most part, the entire middle class is the result of "wealth transfers."
  8. neisgator
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    neisgator Belligerent Gator

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    The point should be that, one shouldn't be receiving govt bennies at 10$ an hour.
  9. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Yeah just get rid of your cable and iphones and $10/hr will leave you with more than enough.
  10. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Then no one should be receiving them at 30k or 50k or 100k either, right? Why pick on the lowest rung? No more mortgage interest deductions, student loan interest deductions, health savings deductions, child care deductions, charitable giving deductions, etc ...
  11. neisgator
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    neisgator Belligerent Gator

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    Your sarcasm aside, yeah, you can. But your smart alec attitude didn't address car payments. Shocking.
  12. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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  13. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    I mean that's like $1200 a month!
  14. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Sell your kids, move in with three people and eat lentils, people, it's that easy.
  15. neisgator
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    neisgator Belligerent Gator

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    Uh, duh. As Ive said a million times, strict constitutional libertarian. No benefits for anyone. Lower taxes(flat or fair) no deductions. No food stamps. No welfare. No deductions. PERIOD.

    How is that for clear?
  16. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    A king's ransom in dollars.
  17. neisgator
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    neisgator Belligerent Gator

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    Completely clueless.
  18. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Yes, you've made it clear that realistic policy is not something you're interested in.
  19. neisgator
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    neisgator Belligerent Gator

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    Or that I am a freedom/liberty lover with a lot more real world knowledge than you could ever possess.
  20. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Totally! Its a real buyers market for kids right now. Can't get sh$t for 'em.

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