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You might have the occassional genius who can do great things, but most people have trouble pursuing a law degree while working triple shifts as a dishwasher to feed their family. Or, you know, there just aren't enough occupations out there that pay well and can be accessed with zero start-up capital. I think "everyone is screwed unless they're born wealthy or a genius" is not a viable model for society.
Oh the I had kids before I thought about how I was going to support them so I want to take more from those who were smarter than me argument.
I wonder about people who take ECON 101 and demand that the world conform to their simplistic understanding of the subject. "We can't have a minimum wage because I learned supply and demand and gosh darn it, I can't cope with a world where that simple model doesn't apply perfectly to everything!" I wonder if they feel that way about other subjects? Like, do they look for animals they didn't learn about in 4th grade science, and try to drive them into extinction? Do they try to pump all the air out of their house because everything they learned in Physics 101 assumed a vaccuum?
You might have the occassional genius who can do great things, but most people have trouble pursuing a law degree while working triple shifts as a dishwasher to feed their family. Or, you know, there just aren't enough occupations out there that pay well and can be accessed with zero start-up capital. I think "everyone is screwed unless they're born wealthy or a genius" is not a viable model for society.
Just because you were stupid enough to start a family while working as a dishwasher does not mean that the employer should pay you enough to support your family and put you through law school because at the end of the day you're still just washing dishes.
It's not hard to identify the people who haven't taken ECON 101, run a business or even managed employees, they show a complete lack of understanding of how the real world works and what the value of labor is.
Now now.... Let's look at this logically. A living wage is an amount the one can receive either through varying degrees of work/ effort (or in the case of performing no work or effort, simple direct distribution.
This wage combined with social structure, general welfare either defined by familial/ private charity and/ or Gov't assistance is one that if the wage were anything less than what it is, you would die.
This is correct.
A mandatory raise in wages will cause businesses to raise their prices to maintain their margins.
Your new wage will now have the same buying power that is did before you got your raise.
Your still broke.
Prices may increase: correct
Your new wage will have the same buying power as before: incorrect
The only reason you'd expect prices to go up by the same amount as wages is if the price was determined 100% by minimum wage labor. That's simply not true, and the difference results in a net increase in purchasing power. If we were to say "everyone's wages will go up by 10%", then you're more correct, but that's not what we're talking about.
Quote:
Originally Posted by petch751
Oh the I had kids before I thought about how I was going to support them so I want to take more from those who were smarter than me argument.
Quote:
Originally Posted by Haakon
Just because you were stupid enough to start a family while working as a dishwasher does not mean that the employer should pay you enough to support your family and put you through law school because at the end of the day you're still just washing dishes.
It's not hard to identify the people who haven't taken ECON 101, run a business or even managed employees, they show a complete lack of understanding of how the real world works and what the value of labor is.
Lots of people lose their good-paying jobs after they have kids. But please tell me all about the real world.
Let's spend less time talking about ECON 101, and more time talking about the people who take one class in economics and imagine themselves experts.
According to your defination, i make 90k a year and i dont make a living wage
Interesting comment. Why? And its Roosevelts definition. I make a bit more, but live in a higher then average COL area. Mind you-if you're spending excessively thats on you, the argument for a living wage is that you have the opportunity. From there its your choice.
Well, that's nice, but nobody is going to pay someone working the counter at McDonald's $30,000/yr (take home). Keep dreaming. If forced, these businesses will just disappear, because they will become unprofitable. Can you imagine what the price of a burger would have to be?
Theres been some research into this. Believe it or not minimum wage doesn't factor into burger costs as much as you imply.
It's been said by studies that after about $75,000 money no longer buys happiness for a person-makes sense except for the very high COL cities like NYC and San Francisco.
It's been said by studies that after about $75,000 money no longer buys happiness for a person-makes sense except for the very high COL cities like NYC and San Francisco.
If you don't think money buys happiness then you are shopping in the wrong place.
Money doesn't buy happiness. But it sure as heck helps!
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