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Lets say they eliminated the minimum wage and employers could pay anything they wanted. They could pay $1 an hour if they thought workers would accept it. After the market place adjusted without a minimum wage to influence the equation, how low could wages go before the typical employer of low skilled poorly educated staff just could not find and retain it's workers? (Remember, under this situation,there is now no minimum wage so every employer could pay as low as the marketplace allowed.)
Most employers would lower the wages of the present workers immediately.
If the employees walk off the job, or strike, there would be lots of people step in
and take their place and go to work.
People who step in and take these jobs are a lot of times called ( scabs )
With most sores on our bodies there will be a scab to cover, and help it heal .
Employers would adjust the wages as need to attract new workers,
and keep the workers they have. Today they could hire many people for far less
money than they are paying now.
that would only be true in the real un-skilled positions and further more i would doubt employers would pay cut employees as they would lose more in disruption then the potential gain of starting fresh with all new people.
having to wait for even unskilled new people to become productive has a learning curve that takes time too.
i think that is more a situation one can dream up rather than actually playing out. even when companies reform and are hired back at less pay it isn't something that happens.
i think that is more a situation one can dream up rather than actually playing out. even when companies reform and are hired back at less pay it isn't something that happens.
Yes it can happen.
There is a company that paid it workers around $30.00 hr.
They closed the plant down, and moved the whole company to the
otherside of the state and hired back many of the same employees,
along with new workers for $15.00 hr.
When people get hungry, and are about to loose everything,
they will work for far less money ! ! !
i think you mis-understood my point. when i said it does not happen when companies are restructured i meant the fact that when pay is cut the majority of employees still stay with the house and do not just walk off the job and go elsewhere.
my point is that odds are employers would not cut pay if there were no minimum age laws as the disruption would make it not worth it since if the employees did leave their low skill level lets them work anywhere.
part II is even if they did cut pay a bit ,the odds are the employees wouldn't leave and they will just accept the cut.
There is a company that paid it workers around $30.00 hr.
They closed the plant down, and moved the whole company to the
otherside of the state and hired back many of the same employees,
along with new workers for $15.00 hr.
Prove that $15.00/hour was not the Market Wage Rate for that region on the "otherside" of the State.
Quote:
Originally Posted by bumpus7
Most employers would lower the wages of the present workers immediately.
And you base that on what? Emotion?
See if you can come up with something concrete.
Quote:
Originally Posted by iliveinsa
There are fast food places in my city that offer more than minimum wage (I know because they have big signs out offering starting at $9/hr) and this is not a city with a very high cost of living.
Cost-of-Living has no bearing on wages.
The Demand for Fast-Food Workers exceeds the Supply of Fast-Food Workers, and that is why they are starting at $9.00/hour.
Quote:
Originally Posted by s1alker
I know a lot of adults who work minimum wage to slightly above minumum wage jobs.
That isn't relevant.
Quote:
Originally Posted by victorianpunk
It may be noted that many countries have no minimum wage. Like Denmark, for example:
Countries? Don't you mean counties?
What does the County of Los Angeles have that Denmark does not?
Spoiler
The County of Los Angeles has 4.4 Million more people than Denmark.
Quote:
Originally Posted by I'm Retired Now
The market wage is affected by the other low skilled poorly educated workers who are making close to minimum wage.
No, it is not. That might have been true in 1910, but not now.
I don't know about other postings but I did mean the "country of Norway" when talking about entitlement to education and health care.[/quote]
Comparing Norway to the United States is an apples-to-oranges issue. Norway is a homogenous country of 5,000,000 with pretty uniform cultural values while the United States is an incredibly diverse country of 317,000,000. More importantly, Norway has a fund of $783 billion funded solely by oil exports. So, yeah, they're swimming in money.
There is a company that paid it workers around $30.00 hr.
They closed the plant down, and moved the whole company to the
otherside of the state and hired back many of the same employees,
along with new workers for $15.00 hr.
.
Obviously, $30 was double the Fair Market Rate, or they could get new jobs at their old rate.
I don't know about other postings but I did mean the "country of Norway" when talking about entitlement to education and health care.
Comparing Norway to the United States is an apples-to-oranges issue. Norway is a homogenous country of 5,000,000 with pretty uniform cultural values while the United States is an incredibly diverse country of 317,000,000. More importantly, Norway has a fund of $783 billion funded solely by oil exports. So, yeah, they're swimming in money.[/quote]
OK so you misunderstood. Is there a Norway county? what state? just curious. apples and oranges are just both fruits, it doesn't change the idea of entitlement to education and healthcare.
A friend of mine works in a fast food restaurant and he tells me there are just tons of applicants nearly every day. Many are just completely desperate and just beg for work. Another post talked about over a thousand applicants for 35 jobs. It's tough out there.
Lets say they eliminated the minimum wage and employers could pay anything they wanted. They could pay $1 an hour if they thought workers would accept it. After the market place adjusted without a minimum wage to influence the equation, how low could wages go before the typical employer of low skilled poorly educated staff just could not find and retain it's workers? (Remember, under this situation,there is now no minimum wage so every employer could pay as low as the marketplace allowed.)
IMO very low, unfortunately. Desperate people do desperate things. I'm just grateful we have a minimum wage (although it no doubt should be a bit higher). Pre-New Deal, people were nothing more than slaves to corporations. Things are better now, but not much better, and both conditions and wages seem to be getting worse and worse every year; we seem to be regressing back to an early-20th century economic philosophy which doesn't benefit the working or middle classes, but only the wealthy.
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