Politics
Out of context: Reply #19102
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@mono
There should be no minimum wage. If there is labor that is willing to work for a fee that both parties are winning. If its too low and no one will work than the employer will increase his price. It's simple supply and demand much like with selling products. If price too low and product sells out u will see a price increase.
Cost of living going up depends on tons of factors in tons of places. And hardly has anything to do with minimum wages until their is a change to minimum wage. Its an artifical and arbitrary forced rule with a ton of unseen consequences. You think when they first came up with it they ever thought illegal immigration would be a problem?
Also some places cost of living has decreased. In a farm town an abundance of crop will decrease food costs. Speculation and business grants can increase rent costs. All that not tied to minimum wage.
As far as CEOs pay going up. Well that too has nothing to do with costs of living. A lot of it has to do with increasing shareholder value, maximizing profits, growth, or golden parachutes. I don't worry to much about that because that is between the boards, owners and what not. Just like I don't question the pay of a shitty waitress who doesn't really deserve her minimum wage. That is between her and her employer.
Minimum wage increase wont decrease the salary of the ceo, it will make him have to find ways to maximize profits still. Which means inventing ways of cutting labor and being more efficient while increasing costs. Automation will increase unemployment of unskilled labor and more of a demand on a welfare state. Also now the people who make more than minimum wage will feel a pinch since they didn't get the bump in pay but they get the increased costs. Lowering the middle class closer to the lower class and furthering a two class system.
And so with all this mono why do you still think its a good thing? Is it because it seems nice and altruistic to help someone? If that's the case i agree it does seem nice. Even could say kind, but stupid and self destructive.Like getting in a lion cage to be nice and pet it.
- I disagree with your logic. Increasing minimum wages increases people's quality of life and adds balance to the distromonospaced
- It keeps wages closer to inflation rates and employers will be able to pay easily with just a little off the top earners and years to prep.monospaced
- To suggest the wage should be as low as nothing is borderline cruel. Just because someone is desperate doesn't mean they should work for shit.monospaced
- Oh and don't make this all about me. I'm not the only one who agrees with this move. Just look around.monospaced
- Preach mono PreachRamanisky2
- A federal minimum wage is a sweeping price floor across all states with zero regard for cost of living differences.********
- Even if you support a minimum wage, it is critical to understand that not every labor market is the same and the differences in each labor market’s wages is********
- largely influenced by the cost of living.********
- Even Obama realizes a sweeping $15 / hour wage done federally would have nightmare effects for many poorer states and small business owners.********
- Obviously, cities that have a higher cost of living, based upon their own success (Seattle, LA, Chicago, etc.) are able to pull this off well. I'm all for money********
- but this has to be thought out correctly, not just JAMMED down our throats again through executive power and a biased supreme court.********
- mono the wage wouldn't be borderline nothing. And a less minimum wage in nebraska has better quality of life than higher online NY so that is wrong too********
- ^ precisely********
- your arguments for it don't add up. If they were true it would be the same with a minimum wage of $30 would it not?********
- Guess me and the top economists who out this together have to disagree. The idea that wages would go up based on worker availability is so retarded btw.monospaced
- ^actually, you are going to have to show me those top economists because most of the good ones know doubling a minimum wage would be a disaster********
- I meant Federally.********
- And Im only directing it at you out of pure courtesy of answering your question.********
- https://www.washingt…********
- http://www.economist…********
- http://reason.com/bl…********
- https://mises.org/bl…********
- mono, which economist say its good? there is plenty of evidence and study done on suffering from minimum wage laws.yurimon
- http://www.nytimes.c…********
- pretty much the system and people suffer from you and millions of others false beliefs systems. I dont even know what it would take for you see facts?yurimon
- Economics is all about understanding trade-offs and risks. The trade-off is likely to become more severe, and the risk greater, if the minimum wage is set********
- beyond the range studied in past research.********
- if you are concerned about cost of living there are other factors to look into that contribute to our inflation.yurimon
- mono you are subsituting your thought for some other persons ignorance. tell me how this would work in a restaurant with razor thin profit margins?********
- dont take others opinions as knowledge. there are plenty of better economists if your are going to do that.********
- for what ive seen, mono is big into confirmation bias. if he could prove me wrong. it would be great.yurimon
- well its why i would like to break it down socratically. stick on one topic and go from there. there is no other way to teach and learn. maybe ill learn********
- Wow. The three crazies of QBN actually think they are making a valid point and all with each other. So cute. Who would have thought?monospaced
- Next thing you'll say that the whole wage hike was uninformed and part of some conspiracy to what? You all sound completely moronic.monospaced
- That's pretty sad mono, we must have struck a chord or something. I bring facts to the table and you use emotion. Sad dude********
- I dont know if mono reads up on anything or just some process in his head finds a way to brush off facts.. still a mystery.yurimon
- The only dismissal you made was the logical fallacy of argument of authority by pointing out others. And that u just simply disagree with no other reason********
- You do see how i find that similiar to arguing with a religious dude when reason is tested and they say just faith, or no thats wrong.********
- Just think about it. Look into it if you so care. There's no ego tied to truth or the pursuit of it.********
- What's sad is that you all argue this on a Friday night while I'm out partying. Then I come back to see you whacked in agreement.monospaced
- If you're out partying, you're a youngster and that's partially to blame for yiur views. I'm a business owner and a dad and husband and care********
- about what the Feds are going to jam down my throat next. I pay people, in other words I contribute to the economy, not abuse it.********
- I'm 36 and married, kid on the way. I just don't have time to explain why deathboy is completely wrong.monospaced
- but insinuating that a minimum wage is a bad thing is the most ridiculous shit I've heard and a clear sign one's never worked a shit job in their entire lifemonospaced
- trickle down econ is bullshit, and employers would only make wages lower if they could. The very idea of working a shit job for $20k a year is what's wrongmonospaced
- sounds like a lot of excuses for ignorance mono. which is what it is but whatever. faith is a funny thing.********
- Your entire post here and about this has been one big fucking EXCUSE for your ignorance. And whatever, right? It's happening whether you like it or notmonospaced
- So go ahead, keep believing your morally screwed outlook is right while it passes.monospaced