Neat way to destroy poverty once and for all
- Thread starter mattseh
- Start date
Egads, no wonder your bricks are perma-red. Stop being a giant vagina cpauser. Would link to a dozen garbled typo-infested posts of yours but damnit I'm too lazy. The only rep your going to get at this rate is pity rep and it's not as good if they can't look you in the eye while they do it.
The minimum wage creates a price floor for labor.
That floor creates unemployment.
The people whose wages are higher due to the minimum wage, subsidize people who cannot get employment below the minimum wage, for what is probably break even, or a net loss.
The government, its bureacracies etc, get to skim money off the transfer from employed to unemployed to subsidize their own wages.
The minimum wage doesn't make society in the aggregate any wealthier. I'd argue it makes everyone a bit poorer because you have to subsidize bureaucrats to do a job that doesn't need doing.
Mattseh's point was, why not raise it to $20? I say $50?
The higher it gets, the more unemployed we will have. Some kid still in high school isn't worth $20 an hour to bag my groceries, so now he doesn't get a job and learn workplace skills and I have to bag my own goddamn groceries.
Bad ideas actually undermine quality of life. It's durn serious business.
That floor creates unemployment.
The people whose wages are higher due to the minimum wage, subsidize people who cannot get employment below the minimum wage, for what is probably break even, or a net loss.
The government, its bureacracies etc, get to skim money off the transfer from employed to unemployed to subsidize their own wages.
The minimum wage doesn't make society in the aggregate any wealthier. I'd argue it makes everyone a bit poorer because you have to subsidize bureaucrats to do a job that doesn't need doing.
Mattseh's point was, why not raise it to $20? I say $50?
The higher it gets, the more unemployed we will have. Some kid still in high school isn't worth $20 an hour to bag my groceries, so now he doesn't get a job and learn workplace skills and I have to bag my own goddamn groceries.
Bad ideas actually undermine quality of life. It's durn serious business.
Niggas in Detroit be demanding $15 pa our!
Fast Food Strike: Detroit Walkouts, Protests Continue National Movement For Higher Wages, Union
Fast Food Strike: Detroit Walkouts, Protests Continue National Movement For Higher Wages, Union
I wouldn't do that to anyone else. I singled out drave because he's done the same to me.
Now I see why mcgunnin only posts in the trading forum and why jon & mike don't post. Its like fuckin lord of the flies here. Even the mods don't want to take sides.
long suit
n.
1. Games The suit in which a player holds the most cards in a given hand.
2. The personal quality or talent that is one's strongest asset.
The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000
Every self-respecting economist knows that in this case it would be better to use OCS to destroy a poverty among the poorest.
OCS stands for Overnight Currency Switch. People earning 100 baht/day could earn $100/day next day, as the currency their wages are being paid in would be switched overnight. No need for minimum wage raise, simple switch would be more than sufficient.
Sounds like cpauser problems not WF problems. Just chill out and stop arguing for arguments sake and you'll be fine. I can't post "the grass is green" because you'll come back with "False. It's actually a composition of equal parts blue and green." Can you see how this could get you cyber bitch slapped?
It's Friday for Christ's sake, go get laid bro. I'm not hating. I'm in a fucking fabulous mood, c'mon I'll buy you a root beer.
If minimum wage increased to $10 or $12 or even $15 an hour, would there be a temporary point in the economy where consumer behavior was all about spending that cash money? If so, how long do you think that would last before low wage consumers felt the gut check?
Even if the minimum wage was raised to $100 an hour, plenty of people would still be poor because they have no money management skills. They're so reckless with money it's inevitable.
