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One argument I hear in favor of higher minimum wages is that they increase productivity at the workplace. While I am a minimum wage worker I am not so sure about this. I do believe that higher wages probably increase willingness to work for longer to make more money, but working longer is not the same as working better.
This just sounds like a cheap excuse to demand pay raises, honestly. Do you believe a higher wage increases productivity at the workplace? Explain your case whatever your standing.
no, higher pay normally implies higher skills to me. being productive isn't directly correlated to how skilled someone is. Though being productive means someone get to keep their job longer which returns higher pay over time
You want to produce a product of service with the least cost. If you have to pay more for human work, then it is in your interest to make their work as productive as possible.
For instance lets say I have a farming operation and I can hire labor for $1/hr because there is no minimum wage or public benefits and there is an excess of labor and people are starving. My incentive to invest in expensive equipment is nil. With labor so cheap I'm better off just having people work with hand tools and labor rather than buy tractors and cultivators. As the cost of labor rises though the equation changes in favor of higher capital investment, which also results in higher aggregate productivity and wealth.
One argument I hear in favor of higher minimum wages is that they increase productivity at the workplace. While I am a minimum wage worker I am not so sure about this. I do believe that higher wages probably increase willingness to work for longer to make more money, but working longer is not the same as working better.
This just sounds like a cheap excuse to demand pay raises, honestly. Do you believe a higher wage increases productivity at the workplace? Explain your case whatever your standing.
I believe that increasing minimum wages to meet the cost of the basic necessities required to work a standard work week will increase productivity. A healthy work force equates to a healthy environment and better productivity. A worker who is sick, tired, hungry.. isn't going to be an effective one.
On the other hand, I believe that wages above that should be subject to market and performance. The opportunity to raise one's wages through good work is the primary incentive that should take precedence once the basic needs are met.
The argument you are making is that the same person doing to the same exact job with the same equipment will be more productive if their pay is increased? I'm pretty sure I've seen studies that show that isn't the case. Initially yes, their attitude improves, but it quickly becomes the new normal.
Some companies have successfully used a model where they pay their employees considerably more than the going rate for the industry, but that allows them to be particular and hire the best, and that is why it works (sometimes).
The argument you are making is that the same person doing to the same exact job with the same equipment will be more productive if their pay is increased?
No that's not the argument I am making.
You also missed this part
Quote:
On the other hand, I believe that wages above that should be subject to market and performance.
Let me clarify..
These two statements are different and incompatible discussions. The single line question in your poll is seems disingenuous because it leaves out the context of minimum wage while your OP includes it.
Quote:
Originally Posted by rruff
The argument you are making is that the same person doing to the same exact job with the same equipment will be more productive if their pay is increased?
Quote:
Originally Posted by rruff
One argument I hear in favor of higher minimum wages is that they increase productivity at the workplace.
Higher wages means less stressed-out, burnt-out employees; means higher quality of work.
Also means less turnover, less wasted time/effort/funds in training, and happier customers
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