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Many talk about how "America needs a raise," how the minimum wage is too low, etc.
My question, have those who support increasing the minimum wage ever looked at both sides of the issue and challenged themselves asking a few questions that might put the onus on the employee?
What if burger flipping really is worth $9/hour?
What if fast food employees haven't increased their productivity over the last 30 years?
What if an employee's marginal cost is less than the marginal revenue they produce for a company?
The common "moderate" leftist figure is that the minimum wage be raised to $10.10/hour, so we'll be rational and use that. Yet my question still stands, what is being done to get people off the minimum wage? If the average age of a minimum wage employee (according to a thread somewhere here) is 36 years old, then nothing will have been done to address that horrible number.
Let's take it up a notch, even $15/hour minimum wage is still unacceptable as that's 30,000/year. Maybe a decent salary for someone out of college living in a cheap town whose job has health benefits. In my opinion though at 36, having around 10-15 years of work experience, $15/hours is still insufficient.
Is the problem that minimum wage is too low, or is it that people are worth the minimum wage?
I've always proposed closing down businesses that pay minimum wage during school hours and after 8pm. By then, the kiddies working there should be headed home to get a nice 9 and a half hours of sleep.
It's probably a foreign concept for you, but some actually believe that people are inherently valuable and not our currency, which is controlled by a private and international institution that colludes with banks they then deem "too big to fail".
Many talk about how "America needs a raise," how the minimum wage is too low, etc.
My question, have those who support increasing the minimum wage ever looked at both sides of the issue and challenged themselves asking a few questions that might put the onus on the employee?
What if burger flipping really is worth $9/hour?
What if fast food employees haven't increased their productivity over the last 30 years?
What if an employee's marginal cost is less than the marginal revenue they produce for a company?
The common "moderate" leftist figure is that the minimum wage be raised to $10.10/hour, so we'll be rational and use that. Yet my question still stands, what is being done to get people off the minimum wage? If the average age of a minimum wage employee (according to a thread somewhere here) is 36 years old, then nothing will have been done to address that horrible number.
Let's take it up a notch, even $15/hour minimum wage is still unacceptable as that's 30,000/year. Maybe a decent salary for someone out of college living in a cheap town whose job has health benefits. In my opinion though at 36, having around 10-15 years of work experience, $15/hours is still insufficient.
Is the problem that minimum wage is too low, or is it that people are worth the minimum wage?
How exactly do you value your fellow American citizens? Looking at the data, in 1970 the folks at the bottom stopped sharing in the economic pie. If they had minimum wage would be about $22. f we set minimum wage to match some of the higher points in the past it is $10.10. $15 s often picked as a compromise number.
But it really comes down to how you value your fellow citizens.
It's probably a foreign concept for you, but some believe that people are inherently valuable and not our currency which is controlled by a private and international institution that colludes with banks they then deem "too big to fail".
How exactly do you value your fellow American citizens? Looking at the data, in 1970 the folks at the bottom stopped sharing in the economic pie. If they had minimum wage would be about $22. f we set minimum wage to match some of the higher points in the past it is $10.10. $15 s often picked as a compromise number.
But it really comes down to how you value your fellow citizens.
If we based minimum wage on inflation since inception it would be less than $4.50 an hour.
How about we let the employe and the employer determine the value of an hours worth of work.
It's probably a foreign concept for you, but some actually believe that people are inherently valuable and not our currency, which is controlled by a private and international institution that colludes with banks they then deem "too big to fail"..
There are inherently valuable, but their labor may not be.
How exactly do you value your fellow American citizens? Looking at the data, in 1970 the folks at the bottom stopped sharing in the economic pie. If they had minimum wage would be about $22. f we set minimum wage to match some of the higher points in the past it is $10.10. $15 s often picked as a compromise number.
But it really comes down to how you value your fellow citizens.
I think it's pretty easy to value labor. This is what is at stake here. Don't turn this into some human rights issue. We are specifically talking about the labor market.
It's probably a foreign concept for you, but some actually believe that people are inherently valuable and not our currency, which is controlled by a private and international institution that colludes with banks they then deem "too big to fail".
Money (USD) is not backed by anything but EVERYONE's faith in it. It has no inherent value like human life does. If our monetary and financial system is not working for the majority of people (95% Of Income Gains Since 2009 Went To The Top 1%. Here's What That Really Means. - Business Insider) then it should be rebuilt and the banks that have controlled our Government and economy should be broken up.
You are essentially a slave to a piece of paper, which renders you unable to have these discussions or to think beyond our present system.
Isnt that exactly what makes Money the perfect medium for payment? It has a relatively set value (defined externally and unchanged by personal preference) and the quantity of Money exchanged for goods and services is negotiated based on the perceived value of the goods and services, not the perceived value of the money since that value is externally defined.
For the economic exchange it makes no difference how or by whom the value is defined, only that it IS defined and that valuation is relatively stable over time. If it were unstable, then the fair wage you set this morning could well be below poverty level by lunch time (See Argentina for examples)
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