Tell me about 'minimum wage'

Started Jul 13, 2012 | Discussions thread
Collett
Senior MemberPosts: 4,891
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Re: The United States
In reply to Henry Schobin, Jul 16, 2012

Henry Schobin wrote:

Collett wrote:

Henry Schobin wrote:

Collett wrote:

Chato wrote:

Great Bustard wrote:

gibigb wrote:

You know how socialist countries are.

I get the feeling that if in the US minium wage were raised to a living standard, what you'd get would be more illegal inmigration and overseas outsourcing. That's what I comes with you consitituional system. Corporatocray, you call it, no?

...you really have a good point there.

Agreed GB, gigigb does raise a key issue. Also, for the record I think the idea of a living wage make a lot of sense - with the exact amount that should be appropriate certainly being debatable.

A "living wage" sounds all warm and fuzzy, but I'm not sure everyone is thinking this through.

What's going to happen to small businesses when their costs go up? They will try to pass the cost along to the consumer. But as we all know from this thread and all of the "free healthcare" threads......people want everything "free."

That means more lost jobs AND higher costs.

A valid point Henry, and the counter point is that when people have more money in their pockets they have more money to spend and that promotes business overall. This is the reason why another Henry (Ford) raised the wages of all of his workers in (I believe) the 20's - so they could affords to buy Model T's.

Good example, however, my names sake had a simpler situation to deal with - plus he had a product that was flying off the newly designed assembly line to pay for the higher wages.

I wish a national "living wage" was as simple and had a built-in product to pay for it as well.....higher taxes won't work.

In my view, a balance needs to be struck and its hard to know the outcomes w/o doing the experiment.

The down side to that "experiment" has at least a two fold possible disaster.

1. It would be set up hurriedly and sloppily by our "leaders" i.e. stimulus and healthcare.

2. Once in place, even if an utter failure, would be next to impossible to retract.

One could argue that the current experiment is not working, and I am not pointing the finger at Obama ... or Bush, but to the erosion of our middle class and the jobs need to support them.

Well I will point fingers, all ten, at our leaders who caused our problems and the ones who didn't stop the ones who caused the problems......that would include the whole bunch.

I can't argue with anything you put forth above Henry. Its a complicated issue that I am trying to get my head wrapped around. Besides, I am eating pizza and drinking a beer right now so I am in no mood to argue. Adios amigo.

What is going to happen to your "living wages" when the cost of everything goes up? Keep raising the "living wages"?

Businesses will find a way around the "living wage" laws. They will have to, to stay in business. There will be no full-time entry level jobs, every minimum wage job now will be turned into part-time work.

This "living wage" issue is just a political football used to gain power and votes. The unintended consequences will hurt low wage earners rather than help. I even hesitate to call them "unintended consequences" because I really don't think the politicians even care as long as they get what they want, a larger dumbed down voting block.

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Rethink your last comment.

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Jim

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Rethink your last comment.

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Jim

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