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I love this..the answer to every problem in America these days is a handout of more money.
Wake up folks..our sugar daddy, China is not buying any more Treasuries and is now selling them ($34 billion in Dec from reports). Japan is now the biggest holder. Japan is no China with surplus to spend.
What do you think we need?
I have this theory based entirely off of nothing that if we increased the minimum wage to something that IS livable, that we may have less poverty. Less welfare cases. Etc.
I understand everyone's life is different. What one may think is a good wage, someone may think it's crap.
The min wage I believe in NJ is like $7.75. Let's say they slightly doubled it to $15. $15 an hour, IMO, is something that is livable. Especially in a dual income home. There would be no need for welfare, there would be enough for these people to pay their rent (or mortgage), pay their bills, and even have money left over to buy stuff. Buying stuff is a good thing. It stimulates the economy.
If more people have disposable money, then more people will be out there spending money. This way, the companies that DO pay the crappy min wage now..would eventually make up for now doubling the salaries of their workers.
I mean, it makes sense to me. But what about someone else?
Or is this a system to make people feel better about themselves compared to other people?
I dont think that there should be a minimum wage at all, after all having a minimum wage just keeps some people from ever getting hired.
Those solutions will do nothing to resolve the underlying problems.
Major culprits:
1. Inequitable trade.
2. Socialist overhead.
3. Bureaucratic overhead.
4. Usury.
Inequitable trade refers to the disparity in cost for hiring one's own self. If you're paid $15/hr, how much would you really have to pay to hire yourself.
In typical situations, it runs 3 to 4 times base pay.
Socialist overhead refers to the taxes on labor and production that not only hit the productive people, but also migrate to the retail price, depleting the buying power of the wages even more.
Bureaucratic overhead refers to the administrative costs associated with complying with government dictates.
Usury refers to the interest charges hidden in every transaction and tax.
Until those factors are remedied, the system will continue to slide into collapse.[/quote]I would read some of the things that you've written differently. But I wont argue about it here. The People in China have a tradition. Every 200 years or so they have a peasant revolution. The reason is to address the issues that you've raised. One way to cut the overhead is to start over. It is far harder to do it with out starting over.
Cutting socialist overhead. How I read socialist over head is the taxes required for the human welfare part of the budget. This is probably a bit narrow but not overly so. Bumping minimum wage should allow for a reduction in the social program spending because the poor would be making more money on their own with relying on handouts.
Bureaucratic overhead. The LDS church runs its bureaucracy on about 50% volunteer labor. You could directly cut the taxes you have to pay if you had that ratio of volunteer labor in the federal bureaucracy. If you get people in there that are paying there own way rather than getting payed to be there then you can see a different approach to regulation. The LDS church has one of the best track records for handling money of any organization bar none. Let us treat the tax payers money as sacred!!!
Quote:
Originally Posted by jetgraphics
Until those factors are remedied, the system will continue to slide into collapse.
Yes I think that by and large you are correct. Do you want to do anything about it?
so you pay the kid who does your lawn under the table, do you have any idea how many others would be paid "under the table"? Even if what you are proposing had some merit, the cost of everything would increase so inflation would eat up those increases.
Right now, my job (part time) is selling travel, mostly cruises: if the cruise company had to pay their workers like agents $15 or more an hour, the cost of cruising would increase and less people would be cruising...That is just one example. It would be this way with everything.
Nita
Ya and you are spending that much less per week to make up for the short fall.
Quote:
Originally Posted by CAVA1990
Artificially raising wages does not cause inflation. Unemployment yes, but not inflation. Inflation can only occur if the overall money supply increases relative to goods and services. What will occur instead is that employers will substitute machines for people or will just do without, producing greater unemployment.
It can because the price of stuff done by minimum wage has to go up. It is like reducing the amount of oil sold raises prices and reduces economic output. You can't take 2X as many orders make 2X as many burgers. Etc.
Quote:
Originally Posted by HappyTexan
Minimum wage jobs should lead to livable wage jobs. There has to be an entry point where you get in and then work your way up. What happens when people stop trying to work their way up and we just increase the entry level wage at the bottom ? Where's the work ethic to do better and get ahead ?
OK Back in the day in China the ricksha drivers weren't getting paid enough to get enough calories to keep themselves alive. Ricksha driving didn't have a standard of living it had a standard of dieing. They had the Cultural revolution to address that issue. Back in the 1780's in France The disparity between the rich and the poor was about what it is now in the US. Then the crops failed or what ever and they were dieing and they had the French revolution. Do you want a bloody revolution? Bump minimum wage. It is really cheap revolution insurance. A livable wage keeps the peasants form revolting.
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Originally Posted by HappyTexan
Why are there so many Walmart and McDonald career people ?
Because their career jobs went to china?
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Originally Posted by Sunny-Days90
Because as many in this tread believe that WalMart and McDonalds owes THEM a living wage.
Back in 1981 the top tax bracket went to 50% then down to 28%. About when this happened the pay on the bottom end started dropping adjusted for inflation. In 1968 the minimum wage was 50% of the average hourly wage. Now it is 25%.
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Originally Posted by Sunny-Days90
People are OWED nothing. You EARN what your value is.
Actually this is falsehood you EARN a small fraction of what you are worth because if you earned what you are worth then the person paying you would go broke.
Quote:
Originally Posted by Sunny-Days90
If you want to live off min. wage then it is YOUR fault for not preparing yourself to obtain and skill or trade to make yourself more valuable to an employer.
China is in the process of taking all of the jobs that can be moved there. Yes you do have a point about hard work and getting ahead at your own behest. But minimum wage isn't about the kind of people that you are talking about it about those that can't do any better. For what ever reason. Only 1% can be in the top 1%. What you are saying amounts to I've got mine so *********.
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Originally Posted by Sunny-Days90
As you can tell Texan, many here hate corporations because they make money, then expect them to pay an unskilled worker 15.00 to out fruit out or filled the ice cream cooler with goodies.
Wal Mart owes YOU nothing, if you had any skills at all you would not be a cashier or ice cream stocker, you would be in management or would be selling products to Wal Mart now wouldnt you?
Yip I've got mine so *********.
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Originally Posted by Sunny-Days90
Goes back to the same thing I said earlier, people really believe they are OWED a livable wage when many are worth less then 7.00 per hour.
Did you read my post about Kindergarten?
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Originally Posted by Sunny-Days90
Again, there own fault.
So they should not get enough pay to keep them alive? If they can work?
Quote:
Originally Posted by Sunny-Days90
LEARN a skill or a trade and stop whining.
What happens when that trad or skill goes to china? Or all of the work goes to China?
Quote:
Originally Posted by Sunny-Days90
If a teenage boy can make 500.00 per week, every week making stupid corn hole games and go to school also, then why cannot people work 8 hours and go to school at night for 4 hours or so to learn?
Not everyone can be in the top 50% of the wage bracket. Only ½ can. What about the bottom ½?
Quote:
Originally Posted by Sunny-Days90
Come on, the kid is making 2000.00 per month part time making corn holes and you are working at Wal Mart for 300.00 a week?
Not everyone has the ABILATY to do better than 50% of everyone else. Only 50% do. So again you've got yours so screw the rest.
Quote:
Originally Posted by Sunny-Days90
16 hour days are easy. Been there and done that and it paid off.
Has some cosmic force suddenly come into being, that makes it necessary for any job to pay a "living wage"?
I thought the purpose of paying someone to work for you, was to get him to work for you and do the job you need done.
Since when was the purpose of paying people to do something, "to support him"? That's not the purpose. Claimintg it is, doesn't make it so.
Liberals come up with the weirdest ideas sometimes......
The question is what is fair compensation for paying someone to do something. As little as you can get away with? Enough to keep them going? Enough that 40hrs a week will keep a family of four going? These are the questions.
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that if we increased the minimum wage to something that IS livable, that we may have less poverty. Less welfare cases. Etc.
