Eliminate Minimum Wage

[Chassit]

While I don't agree that working for minimum wage necessarily makes one lazy, I do believe that minimum wage is a terrible idea and should be abolished. It does nothing but aid inflation.

 

[Supposn]

While I don't agree that working for minimum wage necessarily makes one lazy, I do believe that minimum wage is a terrible idea and should be abolished. It does nothing but aid inflation.

Chassit, reducing the federal minimum wage also reduces the median wage.
Reducing the federal minimum wage also reduces the purchasing power of the median wage.

Reduction of the federal minimum wage, (i.e. the FMW) would induce creation of additional jobs. The additional jobs’ tasks did not justify the current FMW’s purchasing power. Some people effectively deemed unemployable at current the current FMW rate could be employable at a reduced FMW rate’s purchasing power.

The numbers of additional jobs created due to the reduction of the FMW’s purchasing power is positively related to the extent of the FMW’s purchasing power reduction. When the U.S. Congress fails to keep the FMW in pace with the reduced purchasing power of inflated U.S. dollars, such increase of the lower paid jobs actually occur. The effect of FMW’s reduced purchasing power ripples throughout our labor markets.

[The FMW is less a contributor and more a victim of the U.S. dollar’s inflation. The FMW inversely and proportionally affects ALL USA wages and salaries; wage rates of lesser paying job proportionally benefit more, and higher paying job rates proportionally benefit less due to the FMW; but USA’s median wage an all other wages and salary schedules benefit due to the FMW].

FMW reduction would to some extent reduce prices but at the cost of reducing the actual net purchasing powers of wages and salaries. Eliminating the FMW replaces a legally specific minimum bench mark with an uncertain and lesser bench mark that would be the most extreme possible reduction of the minimum ‘s purchasing power during whatever national economic conditions exists at any given date.

Reduction of the FMW’s purchasing power will not decrease but rather increase needs for public assistance. It will drive the working poor deeper into poverty and they will be joined by many that are now our middle income earners dependent upon wages and salaries. This is not conducive to improving an economy.

I’m an advocate of annually cost of living adjusted FMW in the same manner as we now update Social Security retirement benefits.

Respectfully, Supposn

 

[Chassit]

While I don't agree that working for minimum wage necessarily makes one lazy, I do believe that minimum wage is a terrible idea and should be abolished. It does nothing but aid inflation.

Chassit, reducing the federal minimum wage also reduces the median wage.
Reducing the federal minimum wage also reduces the purchasing power of the median wage.

Reduction of the federal minimum wage, (i.e. the FMW) would induce creation of additional jobs. The additional jobs’ tasks did not justify the current FMW’s purchasing power. Some people effectively deemed unemployable at current the current FMW rate could be employable at a reduced FMW rate’s purchasing power.

The numbers of additional jobs created due to the reduction of the FMW’s purchasing power is positively related to the extent of the FMW’s purchasing power reduction. When the U.S. Congress fails to keep the FMW in pace with the reduced purchasing power of inflated U.S. dollars, such increase of the lower paid jobs actually occur. The effect of FMW’s reduced purchasing power ripples throughout our labor markets.

[The FMW is less a contributor and more a victim of the U.S. dollar’s inflation. The FMW inversely and proportionally affects ALL USA wages and salaries; wage rates of lesser paying job proportionally benefit more, and higher paying job rates proportionally benefit less due to the FMW; but USA’s median wage an all other wages and salary schedules benefit due to the FMW].

FMW reduction would to some extent reduce prices but at the cost of reducing the actual net purchasing powers of wages and salaries. Eliminating the FMW replaces a legally specific minimum bench mark with an uncertain and lesser bench mark that would be the most extreme possible reduction of the minimum ‘s purchasing power during whatever national economic conditions exists at any given date.

Reduction of the FMW’s purchasing power will not decrease but rather increase needs for public assistance. It will drive the working poor deeper into poverty and they will be joined by many that are now our middle income earners dependent upon wages and salaries. This is not conducive to improving an economy.

I’m an advocate of annually cost of living adjusted FMW in the same manner as we now update Social Security retirement benefits.

Respectfully, Supposn

You make an intriguing case and admittedly I had never really seen other implications beyond driving prices up at a McDonald's (as it were). I will have to take some time to digest all this but I do appreciate the honest and thoughtful response.

 

[LoneLaugher]

While I don't agree that working for minimum wage necessarily makes one lazy, I do believe that minimum wage is a terrible idea and should be abolished. It does nothing but aid inflation.

Chassit, reducing the federal minimum wage also reduces the median wage.
Reducing the federal minimum wage also reduces the purchasing power of the median wage.

Reduction of the federal minimum wage, (i.e. the FMW) would induce creation of additional jobs. The additional jobs’ tasks did not justify the current FMW’s purchasing power. Some people effectively deemed unemployable at current the current FMW rate could be employable at a reduced FMW rate’s purchasing power.

The numbers of additional jobs created due to the reduction of the FMW’s purchasing power is positively related to the extent of the FMW’s purchasing power reduction. When the U.S. Congress fails to keep the FMW in pace with the reduced purchasing power of inflated U.S. dollars, such increase of the lower paid jobs actually occur. The effect of FMW’s reduced purchasing power ripples throughout our labor markets.

[The FMW is less a contributor and more a victim of the U.S. dollar’s inflation. The FMW inversely and proportionally affects ALL USA wages and salaries; wage rates of lesser paying job proportionally benefit more, and higher paying job rates proportionally benefit less due to the FMW; but USA’s median wage an all other wages and salary schedules benefit due to the FMW].

FMW reduction would to some extent reduce prices but at the cost of reducing the actual net purchasing powers of wages and salaries. Eliminating the FMW replaces a legally specific minimum bench mark with an uncertain and lesser bench mark that would be the most extreme possible reduction of the minimum ‘s purchasing power during whatever national economic conditions exists at any given date.

Reduction of the FMW’s purchasing power will not decrease but rather increase needs for public assistance. It will drive the working poor deeper into poverty and they will be joined by many that are now our middle income earners dependent upon wages and salaries. This is not conducive to improving an economy.

I’m an advocate of annually cost of living adjusted FMW in the same manner as we now update Social Security retirement benefits.

Respectfully, Supposn

You make an intriguing case and admittedly I had never really seen other implications beyond driving prices up at a McDonald's (as it were). I will have to take some time to digest all this but I do appreciate the honest and thoughtful response.

If you thought that paying a dime more for your Big Mac is "inflation" you might need to hear a few more thoughtful responses.

Minimum wage workers spend every dime they make. Ensuring that they have a few more bucks will result in more Big Mac sales, not less. The price of a Big Mac will not rise.

What did a Big Mac cost in 1970, 1980, 1990, 2000, and 2010? What has the minimum wage done over the same period?

 

[Chassit]

Chassit, reducing the federal minimum wage also reduces the median wage.
Reducing the federal minimum wage also reduces the purchasing power of the median wage.

Reduction of the federal minimum wage, (i.e. the FMW) would induce creation of additional jobs. The additional jobs’ tasks did not justify the current FMW’s purchasing power. Some people effectively deemed unemployable at current the current FMW rate could be employable at a reduced FMW rate’s purchasing power.

The numbers of additional jobs created due to the reduction of the FMW’s purchasing power is positively related to the extent of the FMW’s purchasing power reduction. When the U.S. Congress fails to keep the FMW in pace with the reduced purchasing power of inflated U.S. dollars, such increase of the lower paid jobs actually occur. The effect of FMW’s reduced purchasing power ripples throughout our labor markets.

[The FMW is less a contributor and more a victim of the U.S. dollar’s inflation. The FMW inversely and proportionally affects ALL USA wages and salaries; wage rates of lesser paying job proportionally benefit more, and higher paying job rates proportionally benefit less due to the FMW; but USA’s median wage an all other wages and salary schedules benefit due to the FMW].

FMW reduction would to some extent reduce prices but at the cost of reducing the actual net purchasing powers of wages and salaries. Eliminating the FMW replaces a legally specific minimum bench mark with an uncertain and lesser bench mark that would be the most extreme possible reduction of the minimum ‘s purchasing power during whatever national economic conditions exists at any given date.

Reduction of the FMW’s purchasing power will not decrease but rather increase needs for public assistance. It will drive the working poor deeper into poverty and they will be joined by many that are now our middle income earners dependent upon wages and salaries. This is not conducive to improving an economy.

I’m an advocate of annually cost of living adjusted FMW in the same manner as we now update Social Security retirement benefits.

Respectfully, Supposn

You make an intriguing case and admittedly I had never really seen other implications beyond driving prices up at a McDonald's (as it were). I will have to take some time to digest all this but I do appreciate the honest and thoughtful response.

If you thought that paying a dime more for your Big Mac is "inflation" you might need to hear a few more thoughtful responses.

Minimum wage workers spend every dime they make. Ensuring that they have. Few more bucks will result in more Big Mac sales, not less. The price of a Big Mac will not rise.

What did a Big Mac cost in 1970, 1980, 1990, 2000, and 2010? What has the minimum wage done over the same period?

Not certain on all of those years but I did watch a QPC gain a dollar overnight while I was working there (in High School). Seriously it went from $2.39 to $3.39 (or 50 or 79, don't recall the exact change) in literally one day.

 

[Dubya]

WHy do you think that would happen?
Never mind. I used the word "think" in the context of a leftist. They dont think. THey know things to be true because Rachel Maddow told them.

In fact we would have many more new jobs, much less unemployment.

Only an idiot believes an employer would hire someone they don't need at a fraction of minimum wage or any wage. Employers don't hire more workers than they absolutely need with our minimum wage being a fraction of what other countries have.

Only an idiot could write your post, Dumya. I'd suggest an econ book so you don't look like a moron but I dont think they make them in comic book form yet.

It takes more than a entry level course in economics to understand macro-economics, fool! You idiots want to go back to the days we know failed with your draconian economic philosophy. Can you fools even be genuine and examine our present economy in light of other industrialized nations? How do we rank on minimum wage and health care costs? Is there any industrialized nation on Earth with a lower minimum wage or higher health care costs than the United States? Do any of those industrialized nations have more people without health care insurance than we do? There is only one thing we have that makes us unique among those industrialized nations and it gets the credit for us coming in dead last and that's the stinking Republican Party, who work night and day to make this a third world country.

Hey, Shit for Brains, if your system works so good, where are the results?

 

[Noomi]

Would it also be fair to state that a requirement for working in our country... should be a degree? Would you like this form of reverse discrimination? Just a thought...

To lazy or stupid to finish school and to lazy to work or get the skills to find a decent jobs should not obligate hard working conservatives to support the lazy and stupid people just because liberals decide we should. Conservatives don't owe liberals anything it is the other way around.

Yep, that's right. People who drop out of school MUST be stupid and lazy, in your opinion, which shows how much you know about the real world.

 

[The Rabbi]

Would it also be fair to state that a requirement for working in our country... should be a degree? Would you like this form of reverse discrimination? Just a thought...

To lazy or stupid to finish school and to lazy to work or get the skills to find a decent jobs should not obligate hard working conservatives to support the lazy and stupid people just because liberals decide we should. Conservatives don't owe liberals anything it is the other way around.

Yep, that's right. People who drop out of school MUST be stupid and lazy, in your opinion, which shows how much you know about the real world.

Didnt you just contradict yourself from a previous post suggesting high school dropout could never achieve good incomes? Yes, you did.

 

[Ame®icano]

If they all went to get better jobs, who would do theirs? It's nothing but an arrogant disregard for others to characterize anyone who works for minimum wage as a welfare leech. Thanks for reminding me why we need those laws and why I'll never vote Republican.

People with no experience and skills.
If you can't find anyone like that, you'll offer higher pay to find them.

Btw, have you ever wondered why temp employees are busting their asses to become permanents?

 

[Ame®icano]

If they all went to get better jobs, who would do theirs? It's nothing but an arrogant disregard for others to characterize anyone who works for minimum wage as a welfare leech. Thanks for reminding me why we need those laws and why I'll never vote Republican.

You have fallen onto the liberal trap that stealing from hard working people and giving it to the lazy will help America. Why is this so hard for liberals to see are they really that stupid?

Just because someone works for minimum wage doesn't mean they're lazy. What I'm not falling for is your crap.

It doesn't. It could also mean that they have no skills. Or that their work isn't worth more then bare minimum. Sometimes it means that they have no aspiration to work for more then minimum just to claim they cant earn more so they could get gov't assistance. But lot of times it means they're just plain lazy.

 

[TNHarley]

Ever since the liberals invented minimum wage laws the welfare leeches that couldn't get a free ride from the tax payers have depended on minimum wage laws. This makes the government force employers to overpay the lazy workers who would be sitting at home if they could. Instead of more of Obama's socialism by raising the minimum wage we should eliminate the minimum wage all together. This would bring prices down and let higher wage earners be able to afford a better lifestyle. It would raise profits and best of all it would motivate the lazy welfare leeches to go find better jobs that pay more if they want to survive. The liberals will boo hoo and cry for the poor but that is because most of them are the bums that are to lazy to go find a decent job and want to live off the hard working conservatives.

http://www.nytimes.com/2013/03/03/b...income-distribution.html?partner=yahoofinance

The majority of minimum wage earners are high school students and part-timers. I figure the part timers are either lazy or it is all they can find. I am very socially conservative, but I can not agree with this OP

You're a liar and I've posted the stats.

Tables 1 - 10; Characteristics of Minimum Wage Workers: 2009

that is from 4 years ago

 

[Ame®icano]

Raise the minimum wage laws high enough and we will have unemployment high enough to break the economy. Maybe then it can be replaced by something more realistic such as minimum wage by category since everyone is not created equal.

I would go opposite. Lower min wage to zero. Let employees compete for a job. Thats what you do today with temps.

Btw, today's South Africa, one of the first countries that brought min. wage laws has minimum wage by category. It wasn't always that way... during Apartheid their reason for min. wage laws was to keep black population unemployed. Long story, some other time.

 

[francoHFW]

Dupes are perfect chumps of the greedy rich. After 30 years of voodoo, people don't have money to buy anymore. Bush was the finale of the non rich trying to attain the dream the only way left, on credit. Change the channel- see sig pp1.

 

[candycorn]

Isn't it strange?

In the same breath that those opposed to a minimum wage swear that it makes no difference to those who earn it since prices will go up but refuse to pay it anyway.

 

[candycorn]

Would it also be fair to state that a requirement for working in our country... should be a degree? Would you like this form of reverse discrimination? Just a thought...

To lazy or stupid to finish school and to lazy to work or get the skills to find a decent jobs should not obligate hard working conservatives to support the lazy and stupid people just because liberals decide we should. Conservatives don't owe liberals anything it is the other way around.

Yep, that's right. People who drop out of school MUST be stupid and lazy, in your opinion, which shows how much you know about the real world.

Great post.

In a great many ways, it sums up the often-failed GOP plank of ruthless "let the market sort it out" antics. In 5 of the last 6 Presidential elections, they've gotten fewer popular votes than the Democrats. And they wonder why?

 

[The Rabbi]

Isn't it strange?

In the same breath that those opposed to a minimum wage swear that it makes no difference to those who earn it since prices will go up but refuse to pay it anyway.

Who is making any claim of that kind? No one.
ANother straw man.

 

[Mustang]

Ever since the liberals invented minimum wage laws the welfare leeches that couldn't get a free ride from the tax payers have depended on minimum wage laws. This makes the government force employers to overpay the lazy workers who would be sitting at home if they could. Instead of more of Obama's socialism by raising the minimum wage we should eliminate the minimum wage all together. This would bring prices down and let higher wage earners be able to afford a better lifestyle. It would raise profits and best of all it would motivate the lazy welfare leeches to go find better jobs that pay more if they want to survive. The liberals will boo hoo and cry for the poor but that is because most of them are the bums that are to lazy to go find a decent job and want to live off the hard working conservatives.

http://www.nytimes.com/2013/03/03/b...income-distribution.html?partner=yahoofinance

And any labor cost savings can be divided up between the CEO and the other executives while passing about 10% of the cost savings on to the shareholders.

 

[The Rabbi]

Ever since the liberals invented minimum wage laws the welfare leeches that couldn't get a free ride from the tax payers have depended on minimum wage laws. This makes the government force employers to overpay the lazy workers who would be sitting at home if they could. Instead of more of Obama's socialism by raising the minimum wage we should eliminate the minimum wage all together. This would bring prices down and let higher wage earners be able to afford a better lifestyle. It would raise profits and best of all it would motivate the lazy welfare leeches to go find better jobs that pay more if they want to survive. The liberals will boo hoo and cry for the poor but that is because most of them are the bums that are to lazy to go find a decent job and want to live off the hard working conservatives.

http://www.nytimes.com/2013/03/03/b...income-distribution.html?partner=yahoofinance

And any labor cost savings can be divided up between the CEO and the other executives while passing about 10% of the cost savings on to the shareholders.

That's bad why?

 

[Doubletap]

What a prospective employer & employee may agree to regarding wages is their own business.
Government should stay away.

 

[CaGOPatriot]

Ever since the liberals invented minimum wage laws the welfare leeches that couldn't get a free ride from the tax payers have depended on minimum wage laws. This makes the government force employers to overpay the lazy workers who would be sitting at home if they could. Instead of more of Obama's socialism by raising the minimum wage we should eliminate the minimum wage all together. This would bring prices down and let higher wage earners be able to afford a better lifestyle. It would raise profits and best of all it would motivate the lazy welfare leeches to go find better jobs that pay more if they want to survive. The liberals will boo hoo and cry for the poor but that is because most of them are the bums that are to lazy to go find a decent job and want to live off the hard working conservatives.

http://www.nytimes.com/2013/03/03/b...income-distribution.html?partner=yahoofinance

And any labor cost savings can be divided up between the CEO and the other executives while passing about 10% of the cost savings on to the shareholders.

It is the CEOs and the executives that keep businesses profitable. They deserve to be well paid. Most companies could used trained monkeys in place of American workers and make a better product or provide a better service. The workers in this country are to greedy and lazy. Most are greatly over paid.