Minimum wage laws prevent employers from taking advantage of low-quality labor at low prices.
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Mircea, it is called tariffs, goods that come into this country from places that have cheaper labor should be taxed for not using American workers to help offset the money we lose for having goods made elsewhere.
Hnsq, in the end I would still take Switzerland's system over ours because everyone gets more out of what they offer to their people than we do here. I do however think there should only be an across the board minimum healthcare requirement so that each state has the choice of adding more depending what their citizens demand so that everyone has healthcare coverage because we all need healthcare service at one point or another in our entire lives, no one is exempt from that.
Good lord... @ $4-5/hr, THEY'LL STILL BE ON WELFARE!
I don't know why the Cons don't get that, if you want to end welfare then the private sector is going to have to make up the difference, which has been slipping since the 70s, with inflation we would be making more money in the 70s than we do now, yet the top of the income bracket has seen their incomes rise at an astronomical rate, which is called getting rich on the backs of the middle class and that is wrong.
From purely Micro Econ 100 point of view your aren't missing a thing. There is no question that minimum wage laws distort market prices and unemployment benefits act as a disincentive to lowering wage expectations.
However the flipside of that argument is that as a result of distortions in the purchasing power of employers that there needs to be a thumb on the scale to balance out those market forces. It is a trade off that this society, like many others, has chosen to take considering the costs of income inequality to social stability (see the history of labor radicalism and the fight for the 8hour day and the minimum wage).
No the plan is to get rid of all "govt handouts" and let these losers live in shanty towns like they do in the 3rd world. Why even pay $3/4-hour when they're people in sub-Saharan Africa and rural Asia who will make our widgets for even less? This is a better solution so our welfare system doesn't have to support these losers and we don't have to worry about revolts or public health care nuisances of pestilence and famine from the impoverished un-deserving and unwashed masses.
Americans with middle class pretentions will not in the foreseeable future allow shantytowns to exist where they live. That's why housing, building, and zoning codes persist in overregulating, even as incomes fall and those at the bottom of the working class find housing unaffordable.
Mircea, it is called tariffs, goods that come into this country from places that have cheaper labor should be taxed for not using American workers to help offset the money we lose for having goods made elsewhere.
Hnsq, in the end I would still take Switzerland's system over ours because everyone gets more out of what they offer to their people than we do here. I do however think there should only be an across the board minimum healthcare requirement so that each state has the choice of adding more depending what their citizens demand so that everyone has healthcare coverage because we all need healthcare service at one point or another in our entire lives, no one is exempt from that.
I believe access to health care is absolutely a right. Having someone else pay for it, however, is not. We need to work to lower the cost of care by deregulation, tort reform, etc. If a person gets seriously injured, there is nothing wrong with them going on a payment plan to pay back the expenses.
The right to health care and the right to health care paid by someone else are very different things. If a person chooses to eat McDonalds every day and has a heart attack, they SHOULD be stuck with the bill, shouldn't they?
I believe access to health care is absolutely a right. Having someone else pay for it, however, is not. We need to work to lower the cost of care by deregulation, tort reform, etc. If a person gets seriously injured, there is nothing wrong with them going on a payment plan to pay back the expenses.
The right to health care and the right to health care paid by someone else are very different things. If a person chooses to eat McDonalds every day and has a heart attack, they SHOULD be stuck with the bill, shouldn't they?
Although the obesity problem will cost us some serious coin, and for most people it could have been prevented, not all health problems are preventable and some of those could cost money if you are hospitalized. If you let that single person pay for the bill in the fastest time possible, their living conditions are going to be unpleasant for a long time depending on their income.
I believe access to health care is absolutely a right. Having someone else pay for it, however, is not. We need to work to lower the cost of care by deregulation, tort reform, etc. If a person gets seriously injured, there is nothing wrong with them going on a payment plan to pay back the expenses.
The right to health care and the right to health care paid by someone else are very different things. If a person chooses to eat McDonalds every day and has a heart attack, they SHOULD be stuck with the bill, shouldn't they?
I consider deregulating housing an obvious imperative. Half of all renters spend at least hhalf their income on rent thereby squeezing out the incomes of those least likely to have insurance through their jobs. Demand for housing is highly inelastic, and the vast majority of people will forgo health insurance in order to keep a roof over their head.
Although the obesity problem will cost us some serious coin, and for most people it could have been prevented, not all health problems are preventable and some of those could cost money if you are hospitalized. If you let that single person pay for the bill in the fastest time possible, their living conditions are going to be unpleasant for a long time depending on their income.
You are right, but what is the problem with that?
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