- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: One reason why I am against the wage increase to $15/hour
Posted on 4/23/19 at 10:06 am to Korkstand
Posted on 4/23/19 at 10:06 am to Korkstand
quote:
Are you saying that it's better to tax and redistribute rather than raise minimum wage?
Tax and redistribute is already in place. The model just needs totally revamping.
1
Posted on 4/23/19 at 10:07 am to RogerTheShrubber
quote:
Who ultimately pays for wage hikes?
Raising the minimum wage just raises prices. Why don't we make it $35 per hour? We'll eradicate poverty
Posted on 4/23/19 at 10:08 am to kciDAtaE
quote:
She doesn’t qualify for disability to supplement her income?
My other younger brother is more severely mentally challenged than she is. He gets social security (disability) but then he is then restricted on how much he can now make at his job. The job he has...he can’t work more than 20 hours a week or they will take away his social security(they have to send his paycheck stubs every month to prove he didn’t work too much).
With my sister.....it’s actually better if she didn’t get social security cause she tends to work 30-40 hours a week and she would make more doing that than only working 20 hours a week and getting disability. Plus....even though she is mentally challenged...she isn’t as bad as my brother. So she likely wouldn’t qualify for the same program.
Posted on 4/23/19 at 10:09 am to RogerTheShrubber
quote:
This us the simpleton view
Says the guy that has mostly just been sniping at posts with one or two sentence responses.
We're all in awe at your superior intellect...again.
Posted on 4/23/19 at 10:09 am to RogerTheShrubber
quote:I agree. I argue all the time that we need to eliminate the benefit "cliffs" that disincentivize advancement.
Tax and redistribute is already in place. The model just needs totally revamping.
But you didn't really answer. Do you prefer tax and redistribute over min wage hikes?
Posted on 4/23/19 at 10:10 am to fallguy_1978
quote:
Why don't we make it $35 per hour? We'll eradicate poverty
Sure. Why not $50 if it only hurts corporate profit?
Lots of illiterates support the huge hike.
Trade offs: inflation and increased unemployment.
We are competing in a global economy, not a national economy
Posted on 4/23/19 at 10:13 am to fallguy_1978
quote:How about $1000/hr?
Raising the minimum wage just raises prices. Why don't we make it $35 per hour? We'll eradicate poverty
Clearly there is a limit to where raising the minimum stops being beneficial, the trick is finding that magic number.
Posted on 4/23/19 at 10:15 am to Korkstand
quote:
you prefer tax and redistribute over min wage hikes?
Absolutely if those are the two choices. Everyone should. It's more "free market" than min wage and comes without the unintended consequences
Old school liberals favored subsidizing. Progressives favor wage hikes. Which one is more economically viable? Which one doesn't present barriers to entry?
Subsidies tied to education/skills development and continuing in the labor market
This post was edited on 4/23/19 at 10:17 am
Posted on 4/23/19 at 10:15 am to Korkstand
quote:
the trick is finding that magic number.
That's the problem.
There is no magic number.
Posted on 4/23/19 at 10:17 am to The Spleen
quote:
Says the guy that has mostly just been sniping at posts
Who pays for rising wages?
Posted on 4/23/19 at 10:18 am to theenemy
quote:
That's the problem.
There is no magic number.
Sure there is, even if it's zero dollars.
You just have to define the economic/social problem you're trying to solve first.
Posted on 4/23/19 at 10:20 am to Korkstand
quote:
How about $1000/hr?
To me it's a state's rights issue. The federal government should have no involvement in wages. If California votes for a $25 minimum wage that's fine with me. If Mississippi votes for a $6 one or to abolish it altogether that's also fine.
Posted on 4/23/19 at 10:22 am to Korkstand
quote:
You just have to define the economic/social problem you're trying to solve first.
Until education/increased skills becomes more important to people, you can raise the wage to whatever you want and 20% will still be virtually unemployable for any length of time
Posted on 4/23/19 at 10:25 am to fallguy_1978
Benjamin Franklin — 'When the people find that they can vote themselves money that will herald the end of the republic.'
Posted on 4/23/19 at 10:25 am to fallguy_1978
quote:
To me it's a state's rights issue
Right. A national min wage is ridiculous. It should be something States and cities decide.
Min wage goes a lot further in some States than $15 does in San Francisco
Posted on 4/23/19 at 10:26 am to RogerTheShrubber
quote:In the case of tax/redistribute, is directly subsidizing the operations of the walmarts of the world not an unintended consequence?
Absolutely if those are the two choices. Everyone should. It's more "free market" than min wage and comes without the unintended consequences
quote:Isn't testing and measuring the only way to really know? I just don't know how politically beneficial it would be to experiment on society.
Old school liberals favored subsidizing. Progressives favor wage hikes. Which one is more economically viable?
quote:Don't we have to weigh any potential barriers to entry or other negatives vs the potential benefits? Isn't that the core of any policy decision?
Which one doesn't present barriers to entry?
Posted on 4/23/19 at 10:28 am to Napoleon
quote:
The issue is wages didn't rise with inflation.
Original minimum wage in 1938 was $0.25/hr. Accounting for inflation that would now be $4.51/hr.
The highest relative minimum wage was $1.60/hr in 1968 which would equate to $11.69/hr now. Under GW Bush a law was passed in 2007 that increased the minimum age over 3 years to what it is now.
I see a flaw in the whole minimum wage idea but if we decide that is the only fair way to assure a "living wage" for low paid workers we should pass a law that adjusts it every year with the same COLA they use for social security. And eliminate the tipped worker exemption along with the expectation for tipping.
I could see unwelcome results as well. One would probably be that near minimum wage workers would become minimum wage workers. Another is that raises for minimum wage workers would probably become COLA raises most years though I am uncertain that would affect much. Also, sectors that rely on minimum wage workers will typically have to raise prices or reduce the workforce. Those goods and services are often essential services so if prices are raised it impacts the overall cost of living creating a sort of vicious cycle.
FTR, the COLA idea is not unpalatable to me, I just am unsure of the ultimate outcome.
Posted on 4/23/19 at 10:29 am to fallguy_1978
quote:I actually lean the same way.
To me it's a state's rights issue. The federal government should have no involvement in wages. If California votes for a $25 minimum wage that's fine with me. If Mississippi votes for a $6 one or to abolish it altogether that's also fine.
Posted on 4/23/19 at 10:29 am to RogerTheShrubber
quote:
Wrong
It's the rise of the welfare state, subsidizing workers.
Seems to me the rise of the welfare state was caused by wages not keeping up with inflation more than the other way around.
Posted on 4/23/19 at 10:32 am to mdomingue
quote:
And eliminate the tipped worker exemption along with the expectation for tipping.
And you would have the majority of the restaurant industry here in the US rioting. Both the owners and the servers.
And hell I'm surprised we're five pages in this topic and no one has brought up the idiocy that is UBI
Page 5 of 15
Popular
Back to top
Follow TigerDroppings for LSU Football News