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Old 02-11-2013, 06:23 PM
 
Location: South Chicagoland
4,111 posts, read 9,018,273 times
Reputation: 2078

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Quote:
Originally Posted by lenniel View Post
Minimum wage=minimum skills.
Why should an employer pay more for work that can be done by a machine, a monkey or an Indonesian? It doesn't make economic sense. The goal of 'most' businesses is to make money and in order to do so, money coming in has to be greater than money going out. If not, that company won't be in business too long.

From brain surgeon down to ditch digger, your income/wages are usually commensurate with your skill level and the higher or lower you go on each scale, the more or less money one makes. Pretty simple.
And that doesn't make social sense. Wages should be more based on the IMPORTANCE of the job to society as a whole - or at least importance to whatever organization you work for.

For instance, at a forest preserve, why should a naturalist make more than a groundskeeper? Just because the naturalist went to school for this? If you did a survey of regular people who enjoy the forest preserve about which was more important, I think the naturalist would be in for a shock.

Last edited by urza216; 02-11-2013 at 06:36 PM..
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Old 02-11-2013, 07:07 PM
 
11,768 posts, read 10,214,205 times
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Quote:
Originally Posted by plates View Post
$10/hr in 2017 is a joke. It's already $8.75 and has been for a while now. Years later raising it by only $1.25 wont do much. If you compare the minimum wage for 1968 to the minimum wage of today you will find that it does not do nearly as much.

It would also be simple enough to pass a law preventing large companies from price gouging as a result of a wage increase.



Yeah, why keep jobs in America? And the actual practice of paying people with more skill more money doesn't really happen.
Hahahaha, you mean pass a law dictating their profit level? Price gouging is already illegal in the US, but typically applies to essential goods and services. Look at FL or TX, both of those states get hit with hurricanes and some stores price gouge in anticipation or response of a civil emergency. Natural market responses to labor costs would not apply as a civil emergency.
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Old 02-11-2013, 07:13 PM
 
11,768 posts, read 10,214,205 times
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Quote:
Originally Posted by urza216 View Post
And that doesn't make social sense. Wages should be more based on the IMPORTANCE of the job to society as a whole - or at least importance to whatever organization you work for.

For instance, at a forest preserve, why should a naturalist make more than a groundskeeper? Just because the naturalist went to school for this? If you did a survey of regular people who enjoy the forest preserve about which was more important, I think the naturalist would be in for a shock.
Wages are based on the importance of a job, but also skill level, labor availability, specialization, and market price for your labor.

As far as your example, any felon or recent immigrant can be a groundskeeper, but not everyone has the knowledge to be a naturalist. I don't have the knowledge to be a naturalist, but a naturalist doesn't have my skill set either.
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Old 02-11-2013, 11:44 PM
 
Location: South Chicagoland
4,111 posts, read 9,018,273 times
Reputation: 2078
Quote:
Originally Posted by plates View Post
$10/hr in 2017 is a joke. It's already $8.75 and has been for a while now. Years later raising it by only $1.25 wont do much. If you compare the minimum wage for 1968 to the minimum wage of today you will find that it does not do nearly as much.

It would also be simple enough to pass a law preventing large companies from price gouging as a result of a wage increase.



Yeah, why keep jobs in America? And the actual practice of paying people with more skill more money doesn't really happen.
Minimum wage in IL is $8.25 / hour.
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Old 02-12-2013, 01:31 AM
 
Location: South Chicagoland
4,111 posts, read 9,018,273 times
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Q: What do you call a 19 year old college kid who is too good to get a job and work for minimum wage or just above it?

A: Spoiled. Even LOSER, perhaps.
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Old 02-12-2013, 10:35 AM
 
4,006 posts, read 6,010,602 times
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Quote:
Originally Posted by urza216 View Post
Minimum wage in IL is $8.25 / hour.
Ask any business owner what's going to happen if the MW goes up? I'll tell you what they'll say, they're going to raise their prices because everything is going to cost more to make whatever it is they make. All their suppliers are going to be passing the costs to them and they will in turn pass it to you.
Then, all the MW earners will continue to shop at Walmart where most of the products are made in the 3rd world by people earning about $.25/hour. But, MW people buy them at Walmart because it's cheaper there.
See the cycle.

There's always going to be a bell curve of earners. You're going to have your top, bottom and middle. The middle typically means middle class, which are not MW earners, blue collar yes, but now MW.
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Old 02-12-2013, 04:15 PM
 
Location: South Chicagoland
4,111 posts, read 9,018,273 times
Reputation: 2078
If minimum wage goes up, I think I should get a raise too.

The top 1 percent owns a whopping 40 percent of the wealth. They can share a piece of the pie.

Instead of raising prices, why can't top dogs at a retail company just buy a smaller yatcht?

BTW : Army_Guy made some good points earlier..
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Old 02-12-2013, 06:14 PM
 
230 posts, read 384,117 times
Reputation: 177
Quote:
Originally Posted by jman07 View Post
Most "rich people" worked for close to or at minimum wage at some point in their early lives. Most rich people didn't come from rich upbringings. I worked fast food in High school, but at some point found a way to make more. Your a loser if your out of highschool and still work for minimum wage. The truth hurts.
That would be hilarious if it wasn't so painfully untrue. Look at the richest 400 Americans. Almost none of them are "self starters." They all inherited it.
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Old 02-12-2013, 07:01 PM
 
3,118 posts, read 5,331,247 times
Reputation: 2605
Quote:
Originally Posted by trailblazer33 View Post
That would be hilarious if it wasn't so painfully untrue. Look at the richest 400 Americans. Almost none of them are "self starters." They all inherited it.
[url=http://money.msn.com/how-to-invest/7-billionaires-first-jobs-investopedia.aspx]7 billionaires' first jobs - 1 - how billionaires got started - MSN Money[/url]
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Old 02-12-2013, 07:50 PM
 
Location: not Chicagoland
1,202 posts, read 1,244,318 times
Reputation: 424
Quote:
Originally Posted by lycos679 View Post
Hahahaha, you mean pass a law dictating their profit level? Price gouging is already illegal in the US, but typically applies to essential goods and services. Look at FL or TX, both of those states get hit with hurricanes and some stores price gouge in anticipation or response of a civil emergency. Natural market responses to labor costs would not apply as a civil emergency.
It would be simple enough to implement even if passing it would be difficult.

Quote:
Originally Posted by urza216 View Post
Minimum wage in IL is $8.25 / hour.
You're right, my bad.
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