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General Random thoughts and ideas. "General" does not mean random drivel, nonsense or inane silliness. |
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#25
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Re: $9 Minimum Wage
[QUOTE=Anonymous;1764332]
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#26
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Re: $9 Minimum Wage
I can't speak to the original intent of lawmakers when the minimum wage was implemented, but stats show that many people earning minimum wage do it to support a family.
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A bit out of date but not so far out of date that it should be completely irrelevant today. Quote:
Trades WoW customs - I'd love to get some awesome looking WoW minis on my Heroscape maps. Please lend me your expert advice. My travel blog |
#27
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Re: $9 Minimum Wage
I don't find it true that no minimum wage corrects itself with time and inflation. You will always find people willing to work for nothing. Yes, $7 is near impossible to live on, but that doesn't mean people don't take it. Especially when they don't have options. Because $7 is better than $0. The Young, the Uneducated, and the underprivileged will be willing to accept less than minumum wage just because its better than no job at all. The minimum wage is there to protect this sector of desperate Americans without the skills or knowledge to perform anything better than the lowest jobs. If you look at it this way, it's really a social program designed to benefit the lowest joneses who are not afraid to sell themselves short.
I know this, because I experience it every time I have a gig. I play bass with a band. We don't exactly gig every week, and we're not the most professional. We write our own music however, and we're tight. We're all 18, but we're not just kids out looking to play for the hell of it, we do intend to put on a great show. We don't get paid much for it though. The most money I have made to date on a gig, and this is for the entire four piece band, is $56. That comes out, per person, to 14 dollars an hour. Well above minimum wage, but not anything at all considering on the best week ever I can only work 7 hours. The reason the pay is so low is because of non-serious bands who are just looking to play, not make any sort of career out of it. The lowest joneses. They have low levels of skill, seldom write original songs, and simply don't perform to my level. And that's not to say my level is incredible or anything. Hardly. But the fact of the matter is that these guys are willing to accept the gig FOR FREE just to get the exposure or the joy of playing for a crowd. Why would a place pay me $100 when they can get a different band for free? It devalues the entire worth of musicians. The same idea applies to the minimum wage. There will always be people who are willing to accept less. The minimum wage is there to stop them from screwing themselves over. Last edited by Einar's puppy; February 14th, 2013 at 09:24 PM. Reason: Worth mentioning that this example would not be affected by minumum wage rates anyway, but it is still relevant nonethless. |
#28
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Re: $9 Minimum Wage
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The argument that people will work a low-wage job because they have to work to survive is a valid one. Some notable economic theorists (Smith, Marx) argued that naturally the market will move to paying subsistence wages to those with little marketable skills. It sounds harsh but the market will allocate resources based on the value of various goods and services. People won't pay as much for lower quality goods. People pay more for a Ferrari then they do for a beat-up 1995 Ford Taurus. In the same way, people with little marketable skills will command lower wages than people with marketable skills. One can make the argument that government should pass a minimum wage law as a way of providing a means of social support for those with little marketable skills. I do think there is room for debate about whether that is the best course of action. Minimum wage laws increase unemployment. Should we take jobs away from those with few marketable skills in order to give some of them higher wages? I think it's definitely an area of debate and that there is a large gray area there. |
#29
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Re: $9 Minimum Wage
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#30
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Re: $9 Minimum Wage
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#31
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Re: $9 Minimum Wage
There is low correlation between minimum wage and cost of living. This is artificially set up by most states.
_______________________________________ Example: The minimum wage in Vermont is $8.60/hour. The minimum wage in New York is $7.25/hour. The cost of living in New York is much higher than Vermont, despite Vermont having a much higher minimum wage. ________________________________________ As long as we don't place minimum wage above inflation, the price of goods generally will not increase, and many increases will be so small that they wont make a difference. Quote:
http://www.bestplaces.net/cost_of_living/state/new_york http://www.bestplaces.net/cost_of_living/state/vermont http://www.golocalprov.com/politics/...-minimum-wage/ http://www.ehow.com/how_4570302_mini...t-economy.html *I don't want to overload people with links. Be polite: Don't put politics or religion in your signature! Last edited by The_X_Marker; February 15th, 2013 at 05:01 AM. |
#32
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Re: $9 Minimum Wage
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I'm not saying this is proof that we shouldn't raise the minimum wage. I'm just saying that anecdotally their are examples of businesses that will raise your wages and those that won't. Full disclaimer: I live in a part of the country with a strong economy and a very low unemployment rate. The city I live in has a 3.2% non-seasonally adjusted unemployment rate so I live in a pretty good labor market. |
#33
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Re: $9 Minimum Wage
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But this is the disconnect for me. Their proposed minimum wage is roughly what I make right now at my entry level part-time software development job (their proposed wage is just slightly higher). So a 15 year old working at Sonic is supposed to make that much an hour? Anyone who does any kind of job should be able to make $40k? To compensate, my income would also increase drastically. How is that NOT going to cause inflation? Formerly known as capsocrates -- Remixed Master Sets - challenge yourself with new terrain combinations! -- Colorado Fall 2023 Multiplayer Madness -- caps's Customs Redux - caps's multiplayer maps - caps's maps - Seagate -- Continuing Classic Heroscape: C3V SoV |
#34
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Re: $9 Minimum Wage
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So ... no on the $40k front. If that's what you're currently making, you're safely in a much higher bracket than minimum wagers. C3G can be played with official Heroscape, but it's not recommended.
DISCLAIMER: C3G claims no ownership of the characters or artwork used for C3G customs. All rights for the characters belong to their respective publishers/creators. C3G cards are not intended for sale, and C3G does not authorize any party to profit from C3G cards. |
#35
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Re: $9 Minimum Wage
To add, philosophically I'm in favor of keeping wages across the board up with raises in inflation, though that might be a self-defeating cycle to an extent.
The problem, though, to borrow the band analogy from earlier, is that you're not just competing for gigs with other bands in your neighborhood, these days you can stream music from anywhere, and some of it is damn cheap. Minimum wage in just the US means that jobs in just the US will be harder to find. Other than at places such as restaurants where we can't outsource things (so it'll have an actual impact there) jobs are just too easy to send overseas these days, where folks will work for much less than the minimum wage and not care about health care benefits, avoiding doing hard labor, etc. And a lot of those jobs that still do require people to be in the physical location are being filled by illegal immigrant labor. So until we truly make an impact on the overall global standard of living with an international minimum wage (no idea how you'd even begin to approach such a thing) and close all of the loopholes with undocumented workers, there are enough end arounds on things to prevent skilled American workers from pricing themselves out of the market with their wage/benefit/condition demands (all of which are reasonable, but not something the businesses will concede to if they don't have to - and they don't). C3G can be played with official Heroscape, but it's not recommended.
DISCLAIMER: C3G claims no ownership of the characters or artwork used for C3G customs. All rights for the characters belong to their respective publishers/creators. C3G cards are not intended for sale, and C3G does not authorize any party to profit from C3G cards. |
#36
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Re: $9 Minimum Wage
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With all of the trouble that companies like Apple get in though, through child labor in their foreign plants, a global work standard might just be coming. One can only hope. Despite losing hundreds of thousands of manufacturing jobs, since 2010, over 500,000 have been created in the US. This number is slowly rising, and seems to be rising about 100,000 jobs per year, although I'd expect it to slow within two or three years. As for your thoughts on illegal immigrants, without illegal immigrants to the US and EU, the populations would be falling. Due to the baby boomer generation being too large, without illegal immigrants, there would not be enough workers to pay for the retirees that will start retiring in 2016 (the last baby boomer will theoretically retire in 2032). They are completely necessary if we want our country to stand strong. http://www.votefacts.org/more-than-5...acturing-jobs/ Be polite: Don't put politics or religion in your signature! |
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