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Why are you guys so focused on COL? How many companies factor in CoL when they set their prices? ZERO. So why are you bent on punishing how far someone makes their dollar stretch based on where they live?
I don't agree with the OP's liberal views... but COL is a real thing... and it does need to be considered more. Not for this purpose, but for things like tax brackets, it should be.
I am sure most people want much more than MW for any job even entry level low skilled. If the owner is not willing to pay, then the owner should just do himself. He will save himself money, hence make more money.
If owner cannot perform task he must hire someone or let that task fall by the wayside. So tell me more about this "fair market rate". And illegals dont count because they are not suppose to be here.
If the owner can’t pay, he would go into bankruptcy and lay off all the workers.
Also, the point is not that he can’t pay. The point is that the workers are willing to accept a lower pay, which is the most powerful tool in competition. Minimum wage law takes away this tool from the workers and sends them to unemployment.
Last edited by lifeexplorer; 01-24-2021 at 01:29 PM..
If the owner can’t pay, he would go into bankruptcy and lay off all the workers.
Also, the point is not he can’t pay. The point is that the workers are willing to accept a lower pay, which is the most powerful tool in competition. Minimum wage law takes away this tool from the workers.
If that business goes down, another will replace it. Perhaps those workers, who actually can perform the work, become the owners. They have chance to make more money for the work they were already performing.
No employee, by the legal definition, should accept lower and lower pay. Heck why would any employee when they see the monetary supply expand, and the pundits keep spouting how the economy is doing great, and expanding? Those workers may as well try their hand at independent contracting. Then they bring in as much clients as they can to make up for lower price they charge.
Actually lower pay is tool that owners/independent contractors use to attract clients, not employees to attract employer. There is difference. I guess one of the difference is for taxing purposes. Again, because at that price/wage point, the employee may as well just strike out on his own. And or the employer may as well perform the task by themself.
It makes no sense to hire at that point. If owner is doing the work, and yet no ones buying, then owner does not deserve to be in business, and should flounder passing the opportunity to others.
If that business goes down, another will replace it. Perhaps those workers, who actually can perform the work, become the owners. They have chance to make more money for the work they were already performing.
No employee, by the legal definition, should accept lower and lower pay. Heck why would any employee when they see the monetary supply expand, and the pundits keep spouting how the economy is doing great, and expanding? Those workers may as well try their hand at independent contracting. Then they bring in as much clients as they can to make up for lower price they charge.
Actually lower pay is tool that owners/independent contractors use to attract clients, not employees to attract employer. There is difference. I guess one of the difference is for taxing purposes. Again, because at that price/wage point, the employee may as well just strike out on his own. And or the employer may as well perform the task by themself.
It makes no sense to hire at that point. If owner is doing the work, and yet no ones buying, then owner does not deserve to be in business, and should flounder passing the opportunity to others.
Please explain the morality behind forcing other people at gunpoint to pay for goods and services at a price you want.
I don't agree with the OP's liberal views... but COL is a real thing... and it does need to be considered more. Not for this purpose, but for things like tax brackets, it should be.
Why are we discussing penalizing earners for COL while the business reap the benefits?
No one ever says McDs needs to charge us less for a burger bc of COL, but we're always saying the people working there need to get paid less. How does that make sense? Actually, the real question is who's behind pushing this wrapped logic?
Why are we discussing penalizing earners for COL while the business reap the benefits?
No one ever says McDs needs to charge us less for a burger bc of COL, but we're always saying the people working there need to get paid less. How does that make sense? Actually, the real question is who's behind pushing this wrapped logic?
I'm not sure which country you're in, but tax brackets are not determined by businesses in the US. Adjusting tax brackets for COL does not penalize earners. In fact, it helps earners.
Please explain the morality behind forcing other people at gunpoint to pay for goods and services at a price you want.
Owners dont have to hire. No one is forcing them to hire. An owner can do all their own work if they want. That is if they can. If they cant, someone else should take that spot over. Illegals do not count. They sending that money back to some poor country where its worth more than here. They arent even suppose to be here.
Why and who are these people willing to work for less and less I am wondering. If we are talking about homeless drug addicts; society prefers they get treatment, get sober, then rejoin society. "Unskilled" or "uneducated" persons may be the culprits. Yet, who in their right minds wants to be unskilled if given other options? But skill does not matter because the more supply at that skill level, the less demand. Perhaps there are people that just dont care, and lack ambition, and leach off parents. Or maybe we are talking about segments of the society that are just unfairly disadvantaged for one reason or another like adults who grew up in orphanage or as runaways on streets. I say those kinds of people, and those depended upon deserve some protections. MW is the least a society can do for them.
I'm not sure which country you're in, but tax brackets are not determined by businesses in the US. Adjusting tax brackets for COL does not penalize earners. In fact, it helps earners.
I'm not talking about tax brackets. I'm talking about wages and how people say we need to penalize earners bc they live somewhere cheap. Do we tell businesses they need to charge less bc they set up shop somewhere cheap?
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