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View Poll Results: Better for economy: hire 3 at $10/hr or 2 at $15/hr
3 at $10/hr 32 53.33%
2 at $15/hr 28 46.67%
Voters: 60. You may not vote on this poll

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Old 04-29-2016, 05:58 AM
 
Location: Jamestown, NY
7,840 posts, read 9,204,163 times
Reputation: 13779

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Quote:
Originally Posted by Frank DeForrest View Post
Speaking of idiotic:
Who would work for "nothing"? Would you .bob?
It's called slavery. Isn't that, in fact, what conservatives are essentially proposing by their constant calls to eliminate all welfare and social programs?
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Old 04-29-2016, 06:38 AM
 
45,233 posts, read 26,457,645 times
Reputation: 24993
Quote:
Originally Posted by Linda_d View Post
It's called slavery. Isn't that, in fact, what conservatives are essentially proposing by their constant calls to eliminate all welfare and social programs?
I'm not a conservative, but I don't see anyone calling for slavery. I do see that a huge portion of a workers labor is surrendered to the govt before they get any of it (have to pay for your beloved redistribution schemes etc. somehow, right?)
So I say if you don't own your own labor outright, you're a slave.
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Old 04-29-2016, 07:31 AM
 
26,694 posts, read 14,572,795 times
Reputation: 8094
Quote:
Originally Posted by Linda_d View Post
It's called slavery. Isn't that, in fact, what conservatives are essentially proposing by their constant calls to eliminate all welfare and social programs?
It's called free market. Slaves can't refuse work, can't dictate how much they are being paid or whom to work for.

Please explain to me why people should be paid more than the value what they can produce? How is that in anyway ethical, reasonable, moral, fair and just?
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Old 04-29-2016, 07:37 AM
 
Location: Living rent free in your head
42,850 posts, read 26,294,125 times
Reputation: 34059
Quote:
Originally Posted by Three Wolves In Snow View Post
Two people get a job for $15/hour. One person doesn't get jack, because liberals don't care about him. Two people can pay to have food, shelter, clothing, transportation...
One person lives in a cardboard box, starves, has worn, torn clothing, travels on foot because liberals don't care about him.
That's not the way business operates, they only employ the number of employees they need, if they need three employees they retain three employees, if they only need two then they lay one off. Here is a nice article that will explain it to you:
http://www.brookscollegeprep.org/sit...micro_ch19.pdf
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Old 04-29-2016, 07:45 AM
 
26,694 posts, read 14,572,795 times
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Quote:
Originally Posted by 2sleepy View Post
That's not the way business operates, they only employ the number of employees they need, if they need three employees they retain three employees, if they only need two then they lay one off. Here is a nice article that will explain it to you:
http://www.brookscollegeprep.org/sit...micro_ch19.pdf
What do they do when they can't afford to keep the employees they need because of wage increase?
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Old 04-29-2016, 07:50 AM
 
26,694 posts, read 14,572,795 times
Reputation: 8094
Quote:
Originally Posted by dsjj251 View Post
Im a liberal with a business degree who currently works in management at the 3rd largest department store chain by volume of sale in the country.

I can tell you for a fact that both of you are wrong.

the customer is the last one to see any change, not the first. Anyone who has ever been a part of any business should know that.

If you guys want, i can explain in full what happens before a customer would ever see a price increase.
I do agree in many cases the the customers see the actual price increase the last - it's many businesses' last resort as they would lose customers; however, it doesn't mean that the quality of service or product doesn't change.


Quote:
Originally Posted by dsjj251 View Post
people in business get raises all the time and you cost didnt go up .
It's hard to believe someone with a business degree doesn't type with proper punctuation or capitalization. I even try my best and I don't even speak English.

Did the liberal business school forget to teach basic math?
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Old 04-29-2016, 07:59 AM
 
Location: Living rent free in your head
42,850 posts, read 26,294,125 times
Reputation: 34059
Quote:
Originally Posted by lifeexplorer View Post
It's called free market. Slaves can't refuse work, can't dictate how much they are being paid or whom to work for. Please explain to me why people should be paid more than the value what they can produce? How is that in anyway ethical, reasonable, moral, fair and just?
It's not a free market when huge companies and cartels can control wages through monopsony:

https://newrepublic.com/article/1166...dont-cost-jobs

Even More Thoughts on the Minimum Wage

Principles of Microeconomics 1.0 | Flat World Education
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Old 04-29-2016, 08:01 AM
 
Location: Living rent free in your head
42,850 posts, read 26,294,125 times
Reputation: 34059
Quote:
Originally Posted by lifeexplorer View Post
What do they do when they can't afford to keep the employees they need because of wage increase?
Here you go, figure it out for yourself then come back and tell me that if a company has 3 employees @ $10 an hour and the minimum wage goes to $15 they will fire one of them.
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Old 04-29-2016, 08:42 AM
 
45,233 posts, read 26,457,645 times
Reputation: 24993
Emotional arguments aside; if a machine shop had the choice to purchase 2 lathes for $30k, or three lathes for $30k, which would make more sense from a productivity standpoint?
Labor shouldn't be seen any differently.
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Old 04-29-2016, 09:02 AM
 
Location: Living rent free in your head
42,850 posts, read 26,294,125 times
Reputation: 34059
Quote:
Originally Posted by Frank DeForrest View Post
Emotional arguments aside; if a machine shop had the choice to purchase 2 lathes for $30k, or three lathes for $30k, which would make more sense from a productivity standpoint? Labor shouldn't be seen any differently.
In the case you cite the third lathe would be free, so even if only two were needed it would make perfect sense to get the third and keep it for a replacement or parts, the only cost in acquiring the third lathe would be the cost of storing it. If you employee three employees at $10 an hour the minimum wage increases to $15 an hour you would retain all three up to the point that MFC equals MRP

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