Real World Effects Of Minimum Wage

[Incorruptible]

http://www.youtube.com/watch?v=Z0xVojIYA-o

Supporters of minimum wage argue with no minimum wage employers could pay as little as they want yet many Americans make MORE than minimum wage. People with knowledge and skills are paid more than minimum wage because otherwise they can go somewhere else due to competition.

The minimum wage discriminates against low skilled people since they cant be hired because the employer cant justify the wages for them. This tends to hurt blacks much more than whites, the minimum wage is racist.

The minimum wage should be ended.

Do you agree that the minimum wage causes more harm than good and should be ended?

 

[Orignal Earl]

What do you do for a living?

 

[Matt1970]

Minimum wage was put into place so Hish School kids would be able to make enough to take their girlfriends out on the weekends.

 

[Orignal Earl]

Minimum wage was put into place so Hish School kids would be able to make enough to take their girlfriends out on the weekends.

Actually it had to do with sweatshops and abusing women etc.
But ya, your ready to start the cycle all over again

 

[schneiderguy]

Minimum wage should be abolished. No one is forcing you to work for $xx amount of money. If you think you should be making more, you're free to look for another employer that agrees with you.

 

[nehalem256]

The minimum wage discriminates against low skilled people since they cant be hired because the employer cant justify the wages for them. This tends to hurt blacks much more than whites, the minimum wage is racist.

So how do you explain employers hiring 16 year olds with no job skills?

 

[Incorruptible]

Minimum wage should be abolished. No one is forcing you to work for $xx amount of money. If you think you should be making more, you're free to look for another employer that agrees with you.

Agreed. Government has no right to get involved

 

[Matt1970]

I really don't have a problem with Minimum wage but if you are working for minimum wage you really need to consider a different line of work.

 

[Orignal Earl]

Agreed. Government has no right to get involved

What do you do for a living?

 

[MomentsofSanity]

http://www.youtube.com/watch?v=Z0xVojIYA-o

Supporters of minimum wage argue with no minimum wage employers could pay as little as they want yet many Americans make MORE than minimum wage. People with knowledge and skills are paid more than minimum wage because otherwise they can go somewhere else due to competition.

The minimum wage discriminates against low skilled people since they cant be hired because the employer cant justify the wages for them. This tends to hurt blacks much more than whites, the minimum wage is racist.

The minimum wage should be ended.

Do you agree that the minimum wage causes more harm than good and should be ended?

Many studies in recent years in several countries show it doesn't really impact employment rates at all.

They instituted a minimum wage in Britain in 1999. In the years since the findings were it had no significant impact at all on employment numbers. By your argument unemployment should have increased.

 

[MooseNSquirrel]

Sweet, John Stossel really misses the 19th century.

 

[Throckmorton]

Conservatives live in a fantasy world where it's possible to survive on less than minimum wage.

 

[Capt Caveman]

Minimum wage should be raised.

 

[DucatiMonster696]

Minimum wage should be raised.

To what exactly?

You do realize that every-time you raise the minimum wage significantly you effectively price out certain segments of the population. In addition to adding to the cost of businesses (employees being their biggest cost) which they then pass onto consumers thus increasing the costs of living in parallel to minimum wage hikes for sectors of the economy which are directly effected by this hike.

 

[DucatiMonster696]

Many studies in recent years in several countries show it doesn't really impact employment rates at all.

They instituted a minimum wage in Britain in 1999. In the years since the findings were it had no significant impact at all on employment numbers. By your argument unemployment should have increased.

Unemployment among those mostly likely to seek and attain a minimum wage jobs (teens) has increased dramatically over a slow but steady course of time and does so every time you see a minimum wage increase. The higher the wage increases the more they (teens) end up competing against college age adults, senior citizens, low income adults including immigrants (legal and illegal), especially in this current economic environment.

http://www.businessinsider.com/black-teen-unemployment-rate-jobs-report-2012-7

In essence minimum wage serves as a price floor for wages. History and economic study has shown us that when price floors are enacted (agriculture price floors for example) we see a surplus of goods and services being produce. However in this case what we see as a surplus is not goods or services but a pool of labor that goes unused because these people have been priced out of the market. So as the minimum wage increases those who do the hiring will always seek to get the most bang for their buck at whatever the current given minimum wage is set too by government. The effect is well noted and especially felt among low income minorities, especially among Black teens who are often priced out of the marketplace as nearly double the rate of Whites kids.

http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&tid=11659

 

[berzerker60]

Minimum wage should be abolished. No one is forcing you to work for $xx amount of money. If you think you should be making more, you're free to look for another employer that agrees with you.

I really don't have a problem with Minimum wage but if you are working for minimum wage you really need to consider a different line of work.

You act like everyone can just choose to have a better job. Good luck finding a high-paying job after going to a shitty high school, living in an area of 15%+ unemployment (nearly 1 in 5 adults in Detroit, for example) - defined as people actively trying to find work, not just out of a job - and having to rely on a slow and unreliable public transit because you can't afford a car.

Minimum wage exists because before it existed, we had lots of people working far, far, far longer work weeks than you or I can imagine (literally 12+ hours/day, 7 days/week in coal mines) and earning so little that the wife and young children would also have to work to bring in enough to barely live on. The wife and children, of course, got paid far less, and naturally this kept the kids out of school where they might be able to work towards a better life. What a libertarian paradise!

Then unions came along and through literal blood and lost lives, fought for and won better working conditions. Then, eventually lots of them went too far and got corrupt or demanded too much for the companies to be competitive, showing that there's always a need for balance in things (right now, we're too far in the direction of week unions). Still, we're far, far better off today than we were in the age before minimum wage.

 

[schneiderguy]

You act like everyone can just choose to have a better job. Good luck finding a high-paying job after going to a shitty high school, living in an area of 15%+ unemployment (nearly 1 in 5 adults in Detroit, for example) - defined as people actively trying to find work, not just out of a job - and having to rely on a slow and unreliable public transit because you can't afford a car.

You can choose to get a better job by acquiring skills that employers find desirable.

If the inner city kids spent their time in high school learning how to fix cars or how to program a computer instead of smoking weed and flunking half their classes they wouldn't have to work at a shitty job for little pay.

 

[DucatiMonster696]

You act like everyone can just choose to have a better job. Good luck finding a high-paying job after going to a shitty high school, living in an area of 15%+ unemployment (nearly 1 in 5 adults in Detroit, for example) - defined as people actively trying to find work, not just out of a job - and having to rely on a slow and unreliable public transit because you can't afford a car.

Minimum wage exists because before it existed, we had lots of people working far, far, far longer work weeks than you or I can imagine (literally 12+ hours/day, 7 days/week in coal mines) and earning so little that the wife and young children would also have to work to bring in enough to barely live on. The wife and children, of course, got paid far less, and naturally this kept the kids out of school where they might be able to work towards a better life. What a libertarian paradise!

And how would having a minimum wage at all (or setting a high minimum wage rate) prevent this competition from occurring exactly? There is absolutely no evidence that minimum wage has a net positive effect on employment rates or job creation for those who have zero skills employers find useful when they are competing against college graduates, seniors, etc.

 

[TheSiege]

One thing they fail to mention is that employers don't create jobs unless they absolutely need them, they are running a charity, unless its a charity. There is a reason there are no ushers and nobody to pump your gas, because they don't need them regardless of wage.

 

[DCal430]

http://www.youtube.com/watch?v=Z0xVojIYA-o

Supporters of minimum wage argue with no minimum wage employers could pay as little as they want yet many Americans make MORE than minimum wage. People with knowledge and skills are paid more than minimum wage because otherwise they can go somewhere else due to competition.

The minimum wage discriminates against low skilled people since they cant be hired because the employer cant justify the wages for them. This tends to hurt blacks much more than whites, the minimum wage is racist.

The minimum wage should be ended.

Do you agree that the minimum wage causes more harm than good and should be ended?

If you people had your way this is what we would have in the U.S:

http://www.aljazeera.com/video/asia/2011/03/20113233523891929.html

Men, Women, and CHILDREN chained like slaves to factory machines.

 

[DucatiMonster696]

If you people had your way this is what we would have in the U.S:

http://www.aljazeera.com/video/asia/2011/03/20113233523891929.html

Men, Women, and CHILDREN chained like slaves to factory machines.

So basically you have no argument other then to push out a straw man.

 

[DucatiMonster696]

One thing they fail to mention is that employers don't create jobs unless they absolutely need them, they are NOTrunning a charity, unless its a charity. There is a reason there are no ushers and nobody to pump your gas, because they don't need them regardless of wage.

FTFY...and yes if employers can cut costs by not hiring people and still turn a profit then they are not going to hire people so long as they can turn a profit. They will only expand when they have too expand to keep up with their own expectations of increased demand materializing via their own efforts (marketing, etc) or due other factors which they foresee increasing demand.

There is a reason there are no ushers and nobody to pump your gas, because they don't need them regardless of wage.

Except in the two states (Oregon and New Jersey) where self-service is banned and prohibited by law. Of which this ban was originally instigated by larger gas station owners in the late 40's and early 50's as a means to keep their competitive edge against self-service stations. Today however gas station owners (especially those of non-brand name gas stations) wish they had a means to over-ride the ban in order to reduce their own costs today so as to better compete via reduction of their costs and thus a reduction in gas prices offered to their consumers.

 

[DCal430]

So basically you have no argument other then to push out a straw man.

Republicans are working around the clock to remove labor laws that protect us from this type of thing. Deep down i think most republican law makers would see now problem with this.

 

[MrColin]

I'll be more than happy to pay you less than minimum wage as my domestic servant if it bothers you that much.

If your employees output isn't worth more than, what 7.25/hr, you shouldn't be in business to start with.

 

[Moonbeam]

The problem with the minimum wage is that employers don't like to be told how much they pay their workers. In fact many would prefer to have slaves. Thus, I think the answer is simple, not only set a minimum wage but make people hire. That way businesses will have to compete. Say for ever three people you have you have to hire another at the minimum wage and the employer gets to pick which one gets it, the one he has to hire or one of the three he wanted. This will create some worker competition. Also the employer has a person working for him at less than he would normally have to pay to add a fourth worker. That means he gets a cheap advantage if he finds a way to use him profitably. This will force weak businesses out of business and promote aggressive and competitive ones. Employment goes down, productivity goes up, more money to spend boosting the economy, and off we go to the races. Everybody wins.