Wyatt earp
Diamond Member
- Apr 21, 2012
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FYI you ignorant twat the minimum wage laws in the USA and across the world was started to keep minority's from stealing the white man's jobAnd in 12 years $15 may, in fact, not be enough. So, what exactly is your point?And after the dust settles, they'll be back, complaining that $15/hr isn't enough and they'll want $20.And why would that be, if not to mitigate the negative impact and give the market time to adjust? And that's the thing - the market will adjust. You can't just dictate the value of labor (or anything else) by passing a law. Once things settle, the relative value of low wage workers will be the same. To put it another way, when the government decrees that a $10/hr job will now pay $15/hr, all they've really said is that $15 is now worth $10. The real value of the labor in doesn't change. If society doesn't value burger-flipping enough for someone to raise a family flipping burgers, when all is done, whatever games you play with the numbers, society still won't value burger-flipping enough for someone to raise a family flipping burgers.Pretty sure the proposal is for graduated increases over several years.
If you've other information please source it.
Same as my point earlier. Artificial price fixing doesn't change the relative value of anything. After the market adjusts (inflation) the relative value of the goods or services in question will remain the same.
Let me ask you - if we passed a law adding a zero to all denominations of our money (eg $1 = $10, $10 = $100, etc..) do you think that would make us all ten times wealthier? Or would it be a pointless gesture what would accomplish nothing?
Geez. the need to educate the barely literate.
A rich guy needs a hole dug.
What is the value of that labor to him?
WRONG
The value is ZERO. He will force someone to do it for free if he can. Look back into the coal mines and migrant labor abuses if you doubt that.
The minimum wage and strong laws supporting unions create more balance in the labor-owner mix.