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Hell we do not need any minimum wages. Let the poor work for nothing or just room and board. I'll bet there are plenty of starving desperate poor theat would sign themselves into slavery just to get fed. Wouldn't that be fair to the employers? Think how much more money WalMart would make if it did not have to pay its workers.
What's wrong with that? The other option is to tax everybody and establish a basic income for everybody.
Quote:
Originally Posted by GregW
IMHO if a business owner cannot afford to pay a decent wage he should do the work himself.
Sure. That means millions would be out of jobs. How does that help the poor in any way?
I agree, you seem to have a reading comprehension problem because $15/hr isn't a lot of money to pay someone for their labor. You seem to value someone's labor at a much, much lower value. If someone isn't worth $15/hr, then that person should probably be replaced with someone who is. That is the way of life, not everyone is right for every job.
What happens when the someone is not worth $15/hour but is worth $14/hour?
According to the law, I can't pay him at $14/hour even he wants to be paid at that rate, right? Now, he's out of job.
What's wrong with that? The other option is to tax everybody and establish a basic income for everybody.
Sure. That means millions would be out of jobs. How does that help the poor in any way?
Quote:
Originally Posted by lifeexplorer
What happens when the someone is not worth $15/hour but is worth $14/hour?
According to the law, I can't pay him at $14/hour even he wants to be paid at that rate, right? Now, he's out of job.
What is wrong with slavery? Did you seriously ask what is wrong with slavery? And then you wonder why minimum wage confuses you....if you think slavery is a good idea, then nothing I will say will make you understand anything about minimum wage.
Well if your fictional company can't afford to pay a person a dollar more than you think they are worth, then you should either fire that fictional person or just shut down the fictional company because there are some serious financial issues going on within it.
A 15hr job costs the employer quite a bit more due to employers required things he/she has to buy into. Shirt term, long term disability, insurance. There is an overhead associated with hiring a person. 15/hr here is approximately 55/hr cost to employrr.
What is wrong with slavery? Did you seriously ask what is wrong with slavery? And then you wonder why minimum wage confuses you....if you think slavery is a good idea, then nothing I will say will make you understand anything about minimum wage.
Well if your fictional company can't afford to pay a person a dollar more than you think they are worth, then you should either fire that fictional person or just shut down the fictional company because there are some serious financial issues going on within it.
Slaves don't have any free will and they are forced to work. You are confused.
"Slavery is a legal or economic system in which principles of property law are applied to humans allowing them to be classified as property, to be owned, bought and sold accordingly, and they cannot withdraw unilaterally from the arrangement. While a person is a slave, the owner is entitled to the productivity of the slave's labour, without any remuneration. The rights and protection of the slave may be regulated by laws and customs in a particular time and place, and a person may become a slave from the time of their capture, purchase or birth."
Slaves don't have any free will and they are forced to work. You are confused.
"Slavery is a legal or economic system in which principles of property law are applied to humans allowing them to be classified as property, to be owned, bought and sold accordingly, and they cannot withdraw unilaterally from the arrangement. While a person is a slave, the owner is entitled to the productivity of the slave's labour, without any remuneration. The rights and protection of the slave may be regulated by laws and customs in a particular time and place, and a person may become a slave from the time of their capture, purchase or birth."
Sure, you just prefer slave like conditions, like "free" housing for labor rather than actually paying them. Of course at that point they are now indebted to their new masters, so getting out of such agreement might be difficult.
A 15hr job costs the employer quite a bit more due to employers required things he/she has to buy into. Shirt term, long term disability, insurance. There is an overhead associated with hiring a person. 15/hr here is approximately 55/hr cost to employrr.
Yes, Steve, there is more to an employee than just their pay, though if you look at your own numbers, they are still saying that an employer has to pay $40 and hour just to have that employee there for free. The part that is actual pay for the employee is a small part of that cost. So again, if they can't afford to pay a low wage of $15/hr, then they probably should be rethinking their business model.
Yes, Steve, there is more to an employee than just their pay, though if you look at your own numbers, they are still saying that an employer has to pay $40 and hour just to have that employee there for free. The part that is actual pay for the employee is a small part of that cost. So again, if they can't afford to pay a low wage of $15/hr, then they probably should be rethinking their business model.
Some people dont know it costs an employer more than just their pay. You say 15 an hour is nothing. Well, give up fifteen an hour from your job. 28,800 a year is a lot of money to just give someone for minimum skills and work ethic, for example. Thats why we have Kiosks at some restaurants.
Oh well, some people on this thread think it is no big deal for an employer to pay more. Its not. They have business models, and are trying to make money for themselves. So, if people dont like the pay, dont take the job.
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And then you wonder why minimum wage confuses you....if you think slavery is a good idea, then nothing I will say will make you understand anything about minimum wage.
