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re: Why not pass legislation that automatically raises minimum wage to inflation every 5 year?

Posted on 1/16/21 at 7:54 am to
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 1/16/21 at 7:54 am to
Minimum wage destroys jobs. No need for it, period.
Posted by DMagic
#ChowderPosse
Member since Aug 2010
46495 posts
Posted on 1/16/21 at 7:55 am to
Why not start doing drugs that turn all our bad feelings to good feelings?
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 1/16/21 at 7:57 am to
Do you even Finance? At least brush up on micro economics.
Posted by A Menace to Sobriety
Member since Jun 2018
29158 posts
Posted on 1/16/21 at 7:58 am to
quote:

No need for a minimum wage law at all.


Exactly. Biden is a moron.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/16/21 at 7:58 am to
It’s funny because you idiots are completely removing yourselves from the political conversation by taking these stances.

I agree with all of you in principle but it’s a meaningless position.

The fact is minimum wage will be raised at some point and it would be nice if we had more reasonable people in the conversation rather than self-disqualifying themselves by taking stances no one will entertain.

You will never remove minimum wage. It’s over. Accept it and engage in the conversation so you can help direct the catastrophe.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68098 posts
Posted on 1/16/21 at 7:59 am to
better to have UBI with NO welfare or min wage.
Posted by DMagic
#ChowderPosse
Member since Aug 2010
46495 posts
Posted on 1/16/21 at 8:00 am to
quote:

It’s funny because you idiots are completely removing yourselves from the political conversation by taking these stances.



You didn’t answer my question
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 1/16/21 at 8:02 am to
quote:

It’s funny because you idiots are completely removing yourselves from the political conversation by taking these stances.


I'm not changing the stance. It's not idiotic to have well-reasoned principles and stick with them.

So frick you. Here's my conversation:

Minimum wage destroys jobs.
This post was edited on 1/16/21 at 8:02 am
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16326 posts
Posted on 1/16/21 at 8:02 am to
How about passing legislation to remove min wage at a Fed level. Let the states make that decision or the markets in general. We have too much FedGov involvement.
Posted by Y.A. Tittle
Member since Sep 2003
101591 posts
Posted on 1/16/21 at 8:02 am to
quote:

There will always be a segment of society that will be low-skilled workers. Some are content to be losers, some don't have the capability, and some are working their way up the 'skill ladder'. Providing minimum wage to the losers is inappropriate welfare, providing it to those without the ability is justified (compassionate) welfare, and providing it those working hard to move up is justified if they come from a background where not providing it would prove too onerous to succeed. The problem is that we lack the transparency and resolution of information to treat these groups differently.


This sort of touches at my issue with the whole deal. You’re basically destroying the ability of people on the fringes of society to earn ANY money, on the misguided utopian idea that there should never be anyone on the fringes of society (there always will be).

See all the people begging on every street corner and living under every urban interstate? They aren’t functional in a 40 hour a week job that they have to show up to every day and that would ever justify a “living wage” that could support a family of four. There’s always been people like that. There always will be. However, absent exorbitant wage and employment laws, they used to be able to do odd jobs that could keep them basically fed and sustained and enough to let them lay their heads in a flop house every night.

All we are doing now is pushing more and more people on the fringe into utter despair. It’s folly.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41177 posts
Posted on 1/16/21 at 8:14 am to
quote:

Why not let business owners offer what they are willing to pay for a position and potential employees decide if the are willing to work for that amount or not?



It really is this easy. I swear we live in a fricking clown world. $15, $25, $100, $1,000,000? What difference does it make? We will be Zimbabwe before it’s all over.
Posted by GhostOfFreedom
Member since Jan 2021
11805 posts
Posted on 1/16/21 at 8:16 am to
lol, Seems like a recipe for making the dollar worthless. wait...
Posted by tjv305
Member since May 2015
12516 posts
Posted on 1/16/21 at 8:20 am to
The market will determine the minimum wage. Last year baggers at grocery stores were starting at $10 in Florida. Raising minimum wage is just a way to put small businesses out of business.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3125 posts
Posted on 1/16/21 at 8:21 am to
quote:

All we are doing now is pushing more and more people on the fringe into utter despair. It’s folly.
It's political payment for votes. They aren't trying to solve anything except their re-election. They don't care if small businesses or the economy suffers because they can't see past their own noses.
Posted by wt9
Savannah, Ga
Member since Nov 2011
1123 posts
Posted on 1/16/21 at 8:24 am to
quote:

You will never remove minimum wage. It’s over.

Don't raise it. In near future everybody will make more than it is, if we are not already there.

It will definitely kill jobs, if nothing more than an excuse to get rid of dead weight.
Posted by klrstix
Shreveport, LA
Member since Oct 2006
3211 posts
Posted on 1/16/21 at 8:27 am to
quote:

Oh I forgot, politicians don’t like to solve issues permanently


There are several layers to this imo.. but for me any discussion regarding "minimum wage" is dealing with the symptoms and not the disease..

The Disease is Government mandating regulatory solutions to economic issues. Another aspect of the disease is Government continually moving the chains on defining what the issues are.

For example, minimum wage was originally never intended to be a minimum "living" wage. But in todays world this is how it is currently discussed.

Much more could be said about this but for the moment I will leave it at that...
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27649 posts
Posted on 1/16/21 at 8:34 am to
Can you provide real examples, not just academic of where this is true.
Posted by Azkiger
Member since Nov 2016
21713 posts
Posted on 1/16/21 at 8:50 am to
quote:

The big meme right now is We HaVeNt RaiSeD MiN wAgE fOr 10 yEaRs.


I work at a small health care facility, no increases in reimbursement on the last 15 years.

In fact, reimbursements have been reduced for several insurers.

If healthcare is a right so is low wage workers
Posted by Zach
Gizmonic Institute
Member since May 2005
112554 posts
Posted on 1/16/21 at 9:27 am to
quote:

Why raise it now just to have to have this fight again?


Don't know if this has been mentioned but the real reason for raising minimum wage is to pay off the unions.
Union contracts have a MW clause. So, if you are a union worker making $25/hr. and the minimum wage is raised to $15/hr then your wage must go up to $30/hr.
So, the more times the MW is raised the more times the union wages go up by contract terms.
Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
22812 posts
Posted on 1/16/21 at 9:52 am to
Then you will watch places close down and move to China.

This should totally be a state deal anyways.
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