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Should we repeal the Federal Minimum Wage?
Religion & Politics « General Discussion 10/31/09 3:47:40 PM
Originally posted by Fishermage
I'd love to know how you can disprove what basically amounts to supply and demand. Now, I'm not going too deep into Malthus's stuff here, because yes, the guy was a toolbox. But he did have a point in saying that too much available unskilled labor will cause employers to pay peanuts for the labor they can get. In fact, last I checked, this is the entire reason we have a border patrol and why we don't like illegal immigrants. |
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Originally posted by Varny
California can't stop that. Also there is a freaking mountain of evidence that we are having SOME effect on the global climate. |
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Should we repeal the Federal Minimum Wage?
Religion & Politics « General Discussion 10/28/09 11:21:34 PM
Originally posted by Fishermage
Good point, which is why I say "IT DEPENDS." every business, every market, ever economic situation is different. therefore, prices need to be flexible enough to accommodate that. the minute the government steps in and sets a price for labor, they screw that up. realistically, if government wanted to "set prices," they would really have to set it differently for every community. every business, every market. Governments are simply incapable of doing what is necessary to set prices. Only individuals interacting can do this.
This is why in addition to the federal minimum wage, we also have a state minimum wage. Whether or not we should leave a minimum wage entirely up to the states is an interesting discussion I'm not prepared to make, but we do need a minimum wage. |
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Should we repeal the Federal Minimum Wage?
Religion & Politics « General Discussion 10/28/09 11:19:40 PM
Originally posted by seabass2003
Right now do companies paying less than MW have a problem getting employees? Well maybe when INS does a sweep. I'm confused, is there or is there not a glut of unskilled labor out there? I do not see that I will have any problem filling my vacancies at $2.00/hour, its about my profits, bottom line. You seem to think that the unskilled labor pool has a strong negotiation platform, they don't; sure some will go to the $4/hour business but then their position will be filled - they are a dime a dozen and easily replaced. So no I will not have to pay my workers a higher wage - if its about profit I just need to produce an equitable or superior product and with lower overhead I could sell it at a lower price. How much I pay my unskilled workers will have no impact on my companys success. If you disagree prove it with actual facts and not economic theory. I suppose in theory you could continuously run your company below what everyone else is but you would have an extremely high turnover rate and be constantly paying to train new illegal workers. This in turn would make your product inferior to others. Also the backlash of people railing against your company's business practices would probably drive you out of business. As people would probably boycott your product. 1. Ford astonished the world in 1914 by offering a $5 per day wage (24 years before minimum wage laws were enacted), which more than doubled the rate of most of his workers. (Using the Consumer Price Index, this was equivalent to $111.10 per day in 2008 dollars.) The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing in their human capital and expertise, raising productivity, and lowering training costs. Ford called it "wage motive." The company's use of vertical integration also proved successful when Ford built a gigantic factory that shipped in raw materials and shipped out finished automobiles. 2. Wages in the 1910's Ford auto worker, 1913............$2.00/day After Henry Ford installed his assembly line in 1914, workers quit their boring and monotonous new jobs in droves. Ford instituted a $5.00 per day wage as an incentive for them to stay. This higher wage drove wages up all across the country. Not just in the local area but the WHOLE country. average salary, 1912................$592/year Those average salary numbers are countrywide. Amazing what one company paying good wages can do! 3. Minimum wages were first proposed as a way to control the proliferation of sweat shops in manufacturing industries. The sweat shops employed large numbers of women and young workers, paying them what were considered to be substandard wages. The sweatshop owners were thought to have unfair bargaining power over their workers, and a minimum wage was proposed as a means to make them pay "fairly." Over time, the focus changed to helping people, especially families, become more self sufficient. Today, minimum wage laws cover workers in most low-paid fields of employment. 4. According to the model shown in nearly all introductory textbooks on economics, increasing the minimum wage decreases the employment of minimum-wage workers. One such textbook says: "If a higher minimum wage increases the wage rates of unskilled workers above the level that would be established by market forces, the quantity of unskilled workers employed will fall. The minimum wage will price the services of the least productive (and therefore lowest-wage) workers out of the market. ... The direct results of minimum wage legislation are clearly mixed. Some workers, most likely those whose previous wages were closest to the minimum, will enjoy higher wages. Other, particularly those with the lowest prelegislation wage rates, will be unable to find work. They will be pushed into the ranks of the unemployed or out of the labor force." Maybe we don't need to repeal the minimum wage but it doesn't need to continuously go up as others believe. Damn this was way longer than I intended and might even be unreadable. Hell, I don't even know if a made a point LOL.
An entertaining and facinating bit of history, that. However, it's also irrelevent. Businesses have always competed for SKILLED labor. These are the mechanics, the engineers, the degree holders that make FAR more than minimum wage as it is, and whose jobs require both training and experience. But there is no shortage of UNskilled labor. A dog could probably run a cash register at wal-mart. And I'll see your textbook and raise you Malthus's essay on the oversaturation of unskilled labor in the world. Malthus said the low wages we see are a direct result of the massive unskilled labor resources the world has today. It's all about competition, but the competition is between laborers, not between employers. Rather than the highest bidding company winning labor, the lowest bidding worker wins a job. |
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In the history of video games, only two perfect games have been made. These are Sonic 3 and Knuckles and Star Fox 64. |
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Should we repeal the Federal Minimum Wage?
Religion & Politics « General Discussion 10/28/09 4:38:29 PM
Originally posted by seabass2003 No, because Costco moves into the area and pays $7h upsetting the people at Super Wal-Mart. They then discuss wages with the boss or go and try to get hired at Costco.
The fatal assumption here is that walmart and costco would be competing for labor. |
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Should we repeal the Federal Minimum Wage?
Religion & Politics « General Discussion 10/28/09 3:35:35 PM
If you have the choice to hire 60 people at $5 or 30 people at $10, and you are a major source of employment in the area like a Super Wal-Mart, then the choice you will make is to hire 30 people at $5 and pocket the extra. |
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In nearly every single player game, especially RPGs, I'll look up the best way to defeat a boss, then purposely do something different just for the challenge. |
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'First Bank of Antimatter' Issues Anti-Money
Off-Topic Discussion « General Discussion 10/28/09 3:24:06 PM
You get the US Economy. |
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Rejoice!!! All Faiths.. Your Savior has come!!!
Religion & Politics « General Discussion 10/27/09 7:03:27 AM
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Well I can never pick a favorite. So here's my top 3. Yeah i don't care if the thread is a month old. Page 2 threads are fair game, if you ask me. |
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Justice Dept. to stop procecuting "legal" Marijuana use
Off-Topic Discussion « General Discussion 10/20/09 6:42:03 AM
Y"know, if the government is really that worried about finding mexican drug cartels with marijuana money (which is a fat lie, I've known at least 5 people who grow the stuff, probably more), you'd think the best thing to do would be to legalize the stuff let us actually compete with them. Think of the american jobs that it would create!
But no, it's actually all tobacco lobbyists who don't want competition. |
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Yep. Brominated vegetable oil. Check the label. |
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Legalizing Marijuana, Cannibis, and Hemp
Off-Topic Discussion « General Discussion 10/18/09 10:12:16 AM
Originally posted by tvalentine
My opinion is that the video was a waste of time and effort.
really? When alot of the world still thinks marijuana causes loss of brain cells, lung cancer, addiction etc someone who makes a documentary showing articles, and facts is a waste of time? Who else is supposed to tell people about it, the government? lol.... @your edit: To legalize something that has been illegal since the 1930's .... that is very easy. It took massive amounts of violent crime and public outcry to reverse the alcohol prohibition ..... A couple petitions and phone calls is very easy compared to it.
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Legalizing Marijuana, Cannibis, and Hemp
Off-Topic Discussion « General Discussion 10/18/09 9:18:35 AM
Originally posted by tvalentine
if it was even relatively easy as you think it is, it would be legal by now. I'm just getting other people's opinions on the subject .... because that is what forums are for, sharing opinions and knowledge. Thanks for playing welcome to the interweb forums.
My opinion is that the video was a waste of time and effort. And at what point did I say any of that was easy? Of course it's not easy. It's SIMPLE, but that's a very different word. |
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Get ready to pay more for your health coverage
Religion & Politics « General Discussion 10/18/09 8:48:14 AM
Originally posted by zzvicezz
He was a Lecturer. Don't overdramatize it....his role wasn't that profound. Could even say he went form teacher aide to teacher..honorable but not something to glorify. Anne Coulter is Juris Doctor aka Doctor of Jurisprudence ....But I bet you think less of her in terms of educational standing/or LAW then you do of him.
Haters gonna hate. |
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Legalizing Marijuana, Cannibis, and Hemp
Off-Topic Discussion « General Discussion 10/18/09 8:43:22 AM
That video is made by hippies for hippies. If they don't? THAT is when you turn to the internet to tell on them. Write in a letter to the editor, or a guest opinion stating how dissatisfied you are with their decision. Elect someone who will actually get the job done. Do research! Find the people you need to be campaigning against. Who has shot down legalization efforts in the past? Get some names going. Threads and videos like these amount to nothing more than whining. If you show this to your congressman, they'll ignore it entirely. But if you show it to them with a 10,000+ signature locally distributed petition? They'll listen. They may not agree, but they'll definitely listen. |
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Get ready to pay more for your health coverage
Religion & Politics « General Discussion 10/18/09 8:24:44 AM
Originally posted by xanphia
Not all companies need to offer healthcare to their workers. So I'm not sure where you are coming from. Even if they do, some companies won't pay out. I'm assuming your a small business. I'm not sure on the small business laws. I do know corporation wise the standard operating procedures. I'm sure also State regulation plays a large part.
But the unfortunate reality of unions is that all companies are EXPECTED to offer these kinds of benefits now, and with unions they can be essentially forced to regardless of what the law says. This is the problem that was facing the UAW and General Motors. The UAW is such a strong union that they fought for the very best benefits. But now GM can't afford to pay them a competitive wage with foreign car companies, even though the total value of the benefits and current wage is higher than that of the foreign companies. The result is layoffs and outsourcing. It's hard to outsource a grocery store, but I haven't seen more than 3 cashiers on duty at the local wal mart here in months. |
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The status of Hero's Journey is officially "We're out of money." |
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Get ready to pay more for your health coverage
Religion & Politics « General Discussion 10/18/09 7:52:11 AM
Dumb argument is dumb. Numbers please. |
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