minimum wage when created was meant to be a living wage (vote, kids)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Input and output. What are you putting into the mix and what is coming out of it. That's productivity as defined by BLS.
Now who is more productive and competitive in the global market?
The American fellow making $7.15/hr making 12 widgets
The Chinese fellow making $1.17/hr making 12 widgets
The Indonesian fellow making $.52/hr making 12 widgets
Now what happens if you raise the minimum wage of the American without a comparable increase in the minimum wage of the Chinese and Indonesian fellows?
Read your last sentence VERY carefully.
6 days ago-Beijeng raised the minimum wage to 1,560 yuan per month. in 2009 it was 800. Sooo...if we follow your logic a raise to over $14 would be perfectly acceptable right?
Yes I know its regional-but their minimums have been rapidly rising all over, this is one example
6 days ago-Beijeng raised the minimum wage to 1,560 yuan per month. in 2009 it was 800. Sooo...if we follow your logic a raise to over $14 would be perfectly acceptable right?
Wrong, because Americans are already uncompetitive in the global market. China can raise the minimum wage all they want and the only thing that will do is increase the speed at which capital flows out of their country and into countries with lower wages. But that's not entirely bad thing for the world, it sucks for first world countries though. That is exactly what is catapulting large swaths of people into the global middle class. You should be clapping your hands but instead you have disdain.
Wrong, because Americans are already uncompetitive in the global market. China can raise the minimum wage all they want and the only thing that will do is increase the speed at which capital flows out of their country and into countries with lower wages. But that's not entirely bad thing for the world, it sucks for first world countries though. That is exactly what is catapulting large swaths of people into the global middle class. You should be clapping your hands but instead you have disdain.
Nice, you've instantly gone from "its only ok to raise the minimum wage if china does it too" to "no thats wrong we cant no matter what"
I have a lot of disdain for people who do not comprehend WHY businesses are where they are, or what drives them. Moving to another country is not free. The VAST majority of minimum wage jobs CAN'T be moved to china. They are guys mowing your lawns, cooking food, etc etc etc.
Unemployment Rate in Netherlands increased to 8.50 percent in December of 2013 from 8.20 percent in November of 2013. Unemployment Rate in Netherlands is reported by the Statistics Netherlands. From 2003 until 2013, Netherlands Unemployment Rate averaged 5.7 Percent reaching an all time high of 8.7 Percent in July of 2013 and a record low of 3.4 Percent in August of 2008. In Netherlands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Netherlands Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-02-05
Unemployment Rate in Netherlands increased to 8.50 percent in December of 2013 from 8.20 percent in November of 2013. Unemployment Rate in Netherlands is reported by the Statistics Netherlands. From 2003 until 2013, Netherlands Unemployment Rate averaged 5.7 Percent reaching an all time high of 8.7 Percent in July of 2013 and a record low of 3.4 Percent in August of 2008. In Netherlands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Netherlands Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-02-05
Input and output. What are you putting into the mix and what is coming out of it. That's productivity as defined by BLS.
Now who is more productive and competitive in the global market?
The American fellow making $7.15/hr making 12 widgets
The Chinese fellow making $1.17/hr making 12 widgets
The Indonesian fellow making $.52/hr making 12 widgets
Now what happens if you raise the minimum wage of the American without a comparable increase in the minimum wage of the Chinese and Indonesian fellows?
So you are saying we should pay Americans $0.52/hr to make widgets so we can compete with China and Indonesia? So we can turn our country into a third world country seeing widgets to the Europeans because they are the only ones paying a decent living that their people can afford the widgets we make?
Unemployment Rate in Netherlands increased to 8.50 percent in December of 2013 from 8.20 percent in November of 2013. Unemployment Rate in Netherlands is reported by the Statistics Netherlands. From 2003 until 2013, Netherlands Unemployment Rate averaged 5.7 Percent reaching an all time high of 8.7 Percent in July of 2013 and a record low of 3.4 Percent in August of 2008. In Netherlands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Netherlands Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-02-05
Makes you wonder what it going on in the Netherlands, right? A quick Google search would have told you that they are in a recession due to a drop in housing construction. Basically they are going through their own version of a housing bubble bust right now and it is having a major effect on their unemployment numbers. Netherlands unemployment at record level - World Socialist Web Site
Makes you wonder what it going on in the Netherlands, right? A quick Google search would have told you that they are in a recession due to a drop in housing construction. Basically they are going through their own version of a housing bubble bust right now and it is having a major effect on their unemployment numbers. Netherlands unemployment at record level - World Socialist Web Site
Even with that....wow. Look at their employment numbers. Seriously. Thats incredible.
Wow. So all we have to do is to start paying people $1.17 / hr and we could compete with China. Problem solved. Lets stop exporting jobs to third world, lets bring third world home!
Quote:
Originally Posted by BigJon3475
Input and output. What are you putting into the mix and what is coming out of it. That's productivity as defined by BLS.
Now who is more productive and competitive in the global market?
The American fellow making $7.15/hr making 12 widgets
The Chinese fellow making $1.17/hr making 12 widgets
The Indonesian fellow making $.52/hr making 12 widgets
Now what happens if you raise the minimum wage of the American without a comparable increase in the minimum wage of the Chinese and Indonesian fellows?
My friend I know quite a few "baristas" at Starbucks with degrees and nice appearance. Welcome to XXI century!
Quote:
Originally Posted by HappyTexan
It takes more than "better paying jobs" for people to get better paying jobs.
Speaking proper English, no criminal records, a decent appearance all play a big part.
You walk into a FF place looking all gangsta with your "homies" in tow and you are NOT getting that job no matter how desperate the store is for workers
But if you live in your middle class bubble and only read biased MSM articles you'd never know would you ?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.