"As of now the federal minimum wage stands at ... seven point..... two five... uh ... seven dollars and twenty-five cents.... an hour... "
Fucking cunt can't even comprehend the horror of what she's reading.
"and it would not cost taxpayers a dime."
Because people who make minimum wage aren't really American, anyway.
|THA SUGAH RAIN |
Yeah guys, basic economics is real hard. As price (wages) increases, quantity demanded (jobs) decreases. The higher the minimum wage, the less minimum wage jobs made available. There is a labor surplus of people who would like to earn something, but are made unemployable because of artificially high wages.
I'm not sure you understand what's going on. A mandated minimum wage ensures that employers have to pay their employees a minimum amount of money. This way the creation of a job or employment guarantees a certain amount of wages will be given to the worker.
I'm sure you might be able to find people willing to work for a dollar an hour, but they would not be able to live off of it so that job would pretty much mean nothing to the overall employment rate.
I guess you'd be okay with new cars costing $500 each if we could just do away with those pesky seat belts, airbags, and quality control, right?
This would not be the issue it is if there were a strong negative income tax designed to protect people with very low paying jobs. It would take some of the drama out of the "everyone works for horrifying wages" versus "some people work for pretty goddamn low wages and other people are unemployed" decision.
Even if you had no income tax with an extremely low salary it will not enable you to support the cost of living. The minimum wage is designed so that getting a job ensures that (1) you are paid at least a certain amount and (2) that you are guaranteed a minimum standard of living.
It's like cena_mark got a new nickname.
Oh and renaming the problem doesn't fix the problem. We went from shell shock to post traumatic stress disorder and the problem hasn't magically gone away.
South Carolina, Tennessee, Alabama, Mississippi and Louisiana are the only states yet to set a minimum wage law.
Poorest states by income:
40 South Carolina $44,625
41 Louisiana $43,733
43 Tennessee $43,614
46 Alabama $42,666
50 Mississippi $37,790
A negative income tax is a entitlement program that hands out straight-up cash for people making less than a certain amount of income. In its pure form, people below the break point pay no tax and get some dough from the government toward the break point in proportion to how little they earned; people above the break point pay taxes according to how far above the break point, etc. etc. It implements a minimum income while attempting to avoid moral hazard as much as can be done while implementing a minimum income. Yes, championed by Friedman, but if you weren't faced with political constraints it would be a good idea. It's not like Friedman is Satan or something. The EITC is a sort of weak negative income tax.
Fox News genuinely has some economics here; their position sucks only because their alternative position is "work for peanuts you disgusting poors because you deserve it" rather than "man there has to be a better way to help poor people than a minimum wage." The minimum wage is a good policy in large part because various alternatives are off the table and because it has an intuitive appeal, making it comparatively easy to get into law.
Please stop yelling at me and shit.
Here, let me lay down some knowledge for you (those who don't know it), Randroid touches on it.
I'm going to ignore the historical justifications associated with minimum wage laws: 8 hour days, child labor, and the countless other rights of the worker, since many of you here are ignorant of them and bringing them up would be as useful as talking to myself.
Arguments that insist on using the standard models of measuring profit, success, good/bad, efficiency, right/wrong, are limiting and only speak of issues in terms of economistic and mechanistic ways. That is to say, ways that commodify human beings, turning people into objects that exist solely for the "ecomomistic" definition of "success," et al.. By limiting the ways one can speak of things, in this case humans and quality of life to economistic language, one CANNOT fully solve problems in their entirety.
When Raindroid says "i guess if the free market demands it we must obey," s/he is touching on this problem, the problem of the current "common sense," as coined by Antonio Gramsci. For Gramsci "common sense" is the set of uncritically accepted ideas of a society, not necessarily a "good" or "bad" sense, and are at time contradictory. In this case, growing an economy as the singular priority of a society, is the "common sense" of the US.
My point is, if you find yourself particularly moved to argue the silliness of a minimum wage, I suggest you first look at what the purpose of the minimum wage is, and whether your "common sense" arguments actually address that purpose. I'll put forth the idea that the minimum wage is to guarantee a certain quality of life (as money relates to one providing this for oneself), because we have a moral sense that it is the right thing to do, and that speaking of minimum wage ONLY in terms of how it effects the greater economic machine necessarily detaches one from that moral principal.
5 stars for the evil of writing too much about an internet vid on poetv.
What do you suppose happens to sales when the minimum wage increases? Especially at the kind of basic goods stores that pay minimum wage?
And the talk that jobs will go up if wages are lower is the worst kind of "wishful thinking". Businesses cut costs everywhere they can. Do you think their payroll budget will stay the same if wages are lowered? They'll just employ the same number of people and pocket the savings.
Minimum wage works both ways. It provides a minimum standard of living for people willing to work 40-80 hours a week, and more people who can afford good & services to spend money on. The money paid to them is circulated back into the economy a lot more than if it went to some executive.
punch drunk babies
"South Carolina, Tennessee, Alabama, Mississippi and Louisiana are the only states yet to set a minimum wage law."
Huh? Isn't it a federal law? I know for certain Mississippi and Tennessee has federal min. wage posters in the breakrooms of every employer.
I guess they think that job creation is okay if you can pay them 10 cents an hour.
Yes, and if people are willing to spend $10 on an airline ticket with a pilot that is half asleep with a plane held together with duct tape then I guess that's just the free market deciding what's right, huh?
Man, I'd like to clarify that I was being sarcastic at this point, but I just seems like such a lame thing to do :(
Don't worry, we'll still pay those prison industry employees enough to watch us.
|Son of Slam |
When he said the criticism of the hike was "borne out" by the "over 2 point" hike in the teen unemployment rate, I went to the Labor Department web site to look at the data.
The 2.1 point hike is about an 8.8% increase in unemployment for that group for the months specified, and this is higher than the 4.2% increase for the general population. However the teen rate appears to be much more volatile than the standard population; the teen rate increased 5.7% between May and June, for instance, compared to the less than 1% increase in the general population.
Causality, bitches, you should check it out.
|Mad Struggle |
Yep. Lowering minimum wage is a great idea, especially since it's already below the cost of living for single, healthy adults.
Perhaps they'll learn to hold onto their money instead of wasting it on things like food, shelter and utilities.
|Glenn or Glennda |
Look, here's the thing. It's on Fox news, therefore it's crap. Period.
They've pissed any credibility they've ever had, and then they pissed and pissed and pissed some more. The "accidental" combination of footage from Michelle Bachman's rally and Glen Beck's rally really ought to be the turning point. If the Right wants to have a news network that anyone with an IQ above 75, treats as anything other than an excellent source for comedy, they're going to need to start one, because as far as fox is concerned, that door is closed, that ship has sailed.
Glenn or Glennda
I'm not saying that no idea that is presented on Fox News can possibly have any merit, I'm saying that if an idea has any merit, it'll show up somewhere else, somewhere that isn't a laughingstock..
You know what I hate? Poor people.
If companies don't want to pay minimum wage, Mexico has a ready and willing workforce who will toil for much less.
I'm sorry, the elephant in the room in Washington is the fucking minimum wage? Something that's been hotly debated in congress for as long as I can remember? What massive animal in the room is the defense budget, which I've never heard anyone ever say anything about?
"Lowering the minimum wage: Is it better for workers?"
Fox News is starting to sound like The Onion.
The circle of satire will soon be fully completed, and Fox News will be beyond parody.
Ok, for all the minimum wage supporters, here's a thought, you can't live on the minimum wage as it is now right? Why don't all the bleeding hearts stop fucking around and make the minimum wage $20 an hour??? I think we all can live with that kind of wage right??? The minimum wage isn't supposed to be for raising a family of four, it an entry level wage, a low skill wage. Besides, if you can't support yourself or your family making the minimum at BK or Wally, might be time to look for a new job. Don't have the skills for a better paying job? Who's fault is that?
Lack of preparation on your part does not constitute an emergency on my part.
As for the media, they can all go screw themselves. News is dead. It's been dead for decades. Now, it's all commentary. Fox News, MSNBC, CNN, and the 3 big networks, they waved buh buy to journalistic integrity long ago. Media Ethics, why is that even taught? Sensationalism sells, and we're all buying.
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