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....and many opposed industrialization because it would cost people jobs and be bad for us.
We can sit here trading stories about people opposing good changes, supporting bad changes, opposing bad changes and so forth but they don't actually prove anything.
The examples you give above were about work conditions and the 40hr work week is nowhere near reality for many people.
As such, you really just made an unrelated point to the topic that doesn't really have anything to do with the merits of $19/hr.
In a few hundred years historians will look at this controversy and declare we were retrograde primitive people.
Don't get me wrong I admire the selfish philosophy of pure capitalism and folks like Ayn Rand and Milton Friedman are correct. But, sadly capitalism must be sprinkled with social programs for the disadvantaged. Whether the price of a fast food hamburger goes up to 10.00 or not is no big deal to me. Maybe people need to eat less fast food!
Who knows what will happen. Perhaps the burger joints will close. Maybe the unemployed college kids that cannot pay their student loans will have a job at McDonalds.
Will this have a negative impact on corporate America? Yes------ the profits could go down and perhaps they will find other innovative ways to make money.
Maybe the salaries of the middle class Joe Blows of the world, many of them republicans will go up.
In a few hundred years historians will look at this controversy and declare we were retrograde primitive people.
Don't get me wrong I admire the selfish philosophy of pure capitalism and folks like Ayn Rand and Milton Friedman are correct. But, sadly capitalism must be sprinkled with social programs for the disadvantaged. Whether the price of a fast food hamburger goes up to 10.00 or not is no big deal to me. Maybe people need to eat less fast food!
Who knows what will happen. Perhaps the burger joints will close. Maybe the unemployed college kids that cannot pay their student loans will have a job at McDonalds.
Will this have a negative impact on corporate America? Yes------ the profits could go down and perhaps they will find other innovative ways to make money.
Maybe the salaries of the middle class Joe Blows of the world, many of them republicans will go up.
as usual with the fascist liberal policies, the middleclass will be the ones most hurt
even warren buffet has said that raising the min wage hurts the middleclass
Quote:
Buffett admitted that the middle class has increasingly hurt by an economy that rewards people with “specialized talents,” but not the vast majority of Americans who hold “more commonplace skills.” However, Buffett argues that trying to solve the problem of stagnant wages for working Americans by raising the minimum wage is misguided. Writes Buffett:
Quote:
“
In my mind, the country’s economic policies should have two main objectives. First, we should wish, in our rich society, for every person who is willing to work to receive income that will provide him or her a decent lifestyle. Second, any plan to do that should not distort our market system, the key element required for growth and prosperity.
That second goal crumbles in the face of any plan to sizably increase the minimum wage. I may wish to have all jobs pay at least $15 an hour. But that minimum would almost certainly reduce employment in a major way, crushing many workers possessing only basic skills. Smaller increases, though obviously welcome, will still leave many hardworking Americans mired in poverty.
Instead, Buffett says, we should expand the earned income tax credit, also known as a “negative income tax,” in which the government subsidizes the wages of workers making under a certain amount. “The EITC rewards work and provides an incentive for workers to improve their skills,” Buffett writes. “Equally important, it does not distort market forces, thereby maximizing employment.”
Exactly. This greatly reduces the incentive to pursue any low-paying field that requires a degree. If I can collect garbage and earn $40k straight out of high school, why should I go into debt to earn a teaching degree so I can come out four years behind and tens of thousands in debt when the average starting teacher salary in CA is $38,000?
Exactly!
But, this is already a reality in the setting of crony capitalism and college tuition. Colleges get student loan and educate kids that cannot find work and are now in perennial debt. Colleges are a business and they love the government money!
College should only be available for the few and not any average Joe Blow. These folks are better off flipping burgers for 19.00 an hour rather than borrowing money for a meaningless education.
And let's get rid of the unions that force people to get teaching degrees. Thew best teachers are retired mathematicians, physicists, engineers, lawyers, doctors, etc. And as of now they are not allow to teach.
as usual with the fascist liberal policies, the middleclass will be the ones most hurt
If the middle class eats a lot of fast food, then they need to eat less. They can vote with their feet and cook burgers at home. In a free market economy this will drive the price of fast food down.
But, this is already a reality in the setting of crony capitalism and college tuition. Colleges get student loan and educate kids that cannot find work and are now in perennial debt. Colleges are a business and they love the government money!
College should only be available for the few and not any average Joe Blow. These folks are better off flipping burgers for 19.00 an hour rather than borrowing money for a meaningless education.
And let's get rid of the unions that force people to get teaching degrees. Thew best teachers are retired mathematicians, physicists, engineers, lawyers, doctors, etc. And as of now they are not allow to teach.
The current college system doesn't make much sense for anyone who isn't pursuing high-paying jobs or those that require advanced degrees. There's little reason for most students to spend 2 years of traditional college taking general studies classes that are irrelevant to their career path -- it only wastes their time, but the colleges are able to suck twice as much total tuition (and burden them with twice as much debt) out of every student.
Fewer/no jobs for those with skills not worth $19.00 pr hour.
Fewer small business start ups due to the higher cost of entry in employing staff.
I can see why you are happy.
Fewer/no jobs for those with skills not worth $19.00 pr hour.
Fewer small business start ups due to the higher cost of entry in employing staff.
I can see why you are happy.
Eight of of ten small businesses fail! I see this all the time and quite often I say to myself: "What were they thinking?".
Let's raise the standard of living as any advanced society should--------------Otherwise, we continue to be barbarians. We would still have child labor if it was up to you guys.
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