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No matter how big the waves get or how still the waters become, you are still responsible for rowing the boat.
I am responsible for my lot in life, I am the reason that I make as much money as I do.
And I am also the reason that I don't make more money than I do.
The only limits that have been placed on me are the ones I put there myself.
Unless they are physically or mentally disabled, there is no reason that anyone can not make a reasonably decent living if they are willing to put in the time and effort that goes into achieving it.
Well said. This is the USofA, the greatest country in the world, the land of opportunity!
All. It's the employee's fault they don't have better skills. It's the employer's fault for setting the earning limit. And it's society's fault for setting a minimum wage.
Wage is the price that an employer pays for a product called work. As price for anything increases, demand for it (all other factors unchanging) decreases. This is true of any product across the entire economic spectrum. If the price of gas goes up, people economize and buy less gas. If the price of sugar goes up, people economize and use less sugar. Etc etc. So if the price of the lowest valued labor goes up, the demand for the lowest valued labor will go down.
If you find yourself perpetually at a low price point for what an employer will pay for your labor, then you need to increase your value to thus increase demand, which would translate to a higher wage.
It's not complicated. The hardest thing about supply & demand is acceptance that it is both universal and immutable. The law itself is very simple. Acceptance of the law however, that seems to be downright impossible for some people.
Can you really say that line with a straight face? Plenty of people have put in time and effort and not living decently. It is amazing the stupid lies people try to put out on here.
I think 'Time and effort' are pretty subjective. Most people think working hard is showing up at 9, doing your job, punching out at 5, come back tomorrow and do it again.
Others may think working hard is digging ditches in the hot sun for 8 hours.
In a white collar job, working hard might getting in early, staying late, working on weekends and putting your job on the line by having to make stressful decisions.
And some people don't understand that many prices are not set by the invisible hand but rather through regulations and international agreements. Some people don't know that many, many products are subsidized which means that their price is again not a result of a simple supply and deman equilibrium. The economics only seems simple to those who read a few paragraphs from Econ 101, those who read more know how complex and often quite ambiguous it can be.
The price of labor itself is often a subjects to negotiation and two people doing thevexact same job are compensated differently simply because one of them was a much better negotiator.
Let me finish with Chinese proverb: If you think you know and understand everything about any specific subject its probably only because you were misinformed...
Quote:
Originally Posted by Volobjectitarian
Wage is the price that an employer pays for a product called work. As price for anything increases, demand for it (all other factors unchanging) decreases. This is true of any product across the entire economic spectrum. If the price of gas goes up, people economize and buy less gas. If the price of sugar goes up, people economize and use less sugar. Etc etc. So if the price of the lowest valued labor goes up, the demand for the lowest valued labor will go down.
If you find yourself perpetually at a low price point for what an employer will pay for your labor, then you need to increase your value to thus increase demand, which would translate to a higher wage.
It's not complicated. The hardest thing about supply & demand is acceptance that it is both universal and immutable. The law itself is very simple. Acceptance of the law however, that seems to be downright impossible for some people.
Last edited by risotto11; 02-06-2014 at 11:33 AM..
It's nobody's fault. If you look at the issue from a macro perspective, the only logical way of looking at this macroeconomic issue, you'll realize that there are some very simple, manual jobs that need to be filled so there will always be somebody making the lowest pay. Not everybody can be a lawyer or manager. Somebody needs to sweep the floor, too. Lol
Quote:
Originally Posted by Osito
All. It's the employee's fault they don't have better skills. It's the employer's fault for setting the earning limit. And it's society's fault for setting a minimum wage.
Last edited by risotto11; 02-06-2014 at 11:33 AM..
Oh no? The government passing a bill eliminating child labor or allowing for collective bargaining or social security, disability, occupational safety and on and on?
Please, come off it. And end the whole "do something of value if you ask for more money BS". Workers do the work and sell the gizmos which make a rich cat fat. It's not about what some arbitrary value cooked up in a boardroom, it's about the fact that workers work more and productivity is up as well are profits, yet labors share has stagnated or dwindled.
When we ask for a raise, its foolish but when asking what determines the higher salaries of those at the top all sorts of intangible things and far more arbitrary things come up. As if getting pedigreed and any sort of innovative thinking really amounts to there being a 10000:1 wage difference in the workplace. We ask for a couple bucks more in wages and you guys scream bloody murder but if we ask why a CEO can get X million dollars a year even when his company reports a loss (even while laying off workers or outsourcing), then you guys scream "he's a genius who uses his brain and that's worth 1000000 more than doing the actual work of cutting/packaging the meat, selling the product or whatever else you peons do to make us rich" .
Please, just stop.
RadioLibre,
Just curious...do you ever eat at a fast food restaurant? Do you pay the listed price for the item or do you pay more knowing that the person flipping your burger is probably making minimum wage?
When you pay you internet bill every month, do you pay more than what is owed knowing the person processing your check is making MW?
When you pay your taxes, if you're owed a refund do you tell the IRS to keep it because...well you know.
All. It's the employee's fault they don't have better skills. It's the employer's fault for setting the earning limit. And it's society's fault for setting a minimum wage.
Whose fault is it that some people are homeless? All, right? Doesn't that mean it's society's fault for setting minimum housing and zoning requirements?
RadioLibre,
Just curious...do you ever eat at a fast food restaurant? Do you pay the listed price for the item or do you pay more knowing that the person flipping your burger is probably making minimum wage?
When you pay you internet bill every month, do you pay more than what is owed knowing the person processing your check is making MW?
When you pay your taxes, if you're owed a refund do you tell the IRS to keep it because...well you know.
How dare you to ask a liberal to put their money where their mouth is.
The truth is we have too many people and a ever decreasing pool of jobs due to technology, outsourcing, and other factors.
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