Thoughts on the minimum wage hike that is set to begin in 2020?

[Victorian Gray]

If we mandated that all janitors be paid the same as doctors, would that make the actual value of janitorial labor equal to that of a doctor's?

Do you have an answer?

Who is it that's demanding that janitors be paid the same as doctor's again? I seem to have missed that point somewhere in the discussion.

btw, take a moment to think about what a world without cleaning staff might be like.

 

[Pohemi]

If we mandated that all janitors be paid the same as doctors, would that make the actual value of janitorial labor equal to that of a doctor's?

You keep insisting on trying to disconnect wage from the value of someone's time and labor. If they are not connected, then how are wages or salaries ever determined? How is there any baseline to go by? Your distract and derail strategy is shit.

 

[Atreus21]

You keep insisting on trying to disconnect wage from the value of someone's time and labor. If they are not connected, then how are wages or salaries ever determined? How is there any baseline to go by? Your distract and derail strategy is shit.

You still haven't answered.

They are connected, but the relationship works only in one direction. How society values a particular good dictates its price. When that value changes, the price changes with it. But the reverse doesn't work. Changing the price by fiat doesn't change how society values the good.

 

[Maxima1]

I have yet to explain it because I didn't say it.

Nor is it a game of semantics. If we mandated that all janitors be paid the same as doctors, would that make the actual value of janitorial labor equal to that of a doctor's?

Who was saying raising the wage of the bottom workers would raise the value of janitorial labor to that of doctor's?

 

[theeedude]

You still haven't answered.

They are connected, but the relationship works only in one direction. How society values a particular good dictates its price. When that value changes, the price changes with it. But the reverse doesn't work. Changing the price by fiat doesn't change how society values the good.

That's a naive view of the world. People aren't paid based how society values their work. That only sets the ceiling, but not the floor for their wages.
Otherwise programmers would be paid same for same work at same company whether they are based in Silicon Valley or Bangalore, since society doesn't care where the code is created. But if someone transfers from US to India office, they will take a huge pay cut at most companies.
Pay is based on opportunity costs to the company and the employee. Minimum wage makes it so that if a company is not willing to pay it, it will instead incur an opportunity cost of not having a needed position filled, so instead of capturing a smaller fraction of value an employee creates for itself, the company will capture no value. Minimum wage also tells the prospective employee that society is not OK with him being a low value add loser at high likelihood of being a public burden, and that he should improve his productivity through education and training before entering the labor market. And it tells the company that to be profitable, it needs to invest in training or information technology to improve worker productivity, instead of simply looking for a cheaper worker.

 

[Pohemi]

That's a naive view of the world. People aren't paid based how society values their work. That only sets the ceiling, but not the floor for their wages.

Facts and honesty be damned. There's no room for truth when conservatives debate/argue.

Oh btw @Atreus21, keep waiting for me to answer some imaginary question of yours when you keep dancing around mine and moving the posts. Again, fuck off.

 

[Pohemi]

Who was saying raising the wage of the bottom workers would raise the value of janitorial labor to that of doctor's?

BUT HE NEVER SAID THOSE WORDS EXACTLY DURRRRRR...