Min Wage Increase = Transfer of Money Away From Middle Class
Re: Min Wage Increase = Transfer of Money Away From Middle C
by Kane » Tue Mar 19, 2013 1:17 am
The dude and Kane win.
-
Kane - Vice President
- Posts: 10213
- Joined: Sat Aug 18, 2012 1:09 pm
- Location: The Yay
- Gender:
- Has thanked: 430 times
- Been thanked: 563 times
- Political Leaning: Rockefeller Republican
Re: Min Wage Increase = Transfer of Money Away From Middle C
by J.K. Gregg » Tue Mar 19, 2013 8:49 am
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
-
J.K. Gregg - Senator
- Posts: 1612
- Joined: Wed Nov 28, 2012 11:54 am
- Location: Northern California
- Gender:
- Has thanked: 79 times
- Been thanked: 114 times
- Political Leaning: Objectivist
Re: Min Wage Increase = Transfer of Money Away From Middle C
by spacemonkey » Tue Mar 19, 2013 9:20 am
Be productive but expect little or no prosparity. What a plan,LOL.
The hardest part of doing nothing is knowing when your done.
- spacemonkey
- Governor
- Posts: 5718
- Joined: Mon Aug 27, 2012 10:54 am
- Location: cyberspace
- Gender:
- Has thanked: 73 times
- Been thanked: 296 times
Re: Min Wage Increase = Transfer of Money Away From Middle C
by Medius » Tue Mar 19, 2013 10:12 am
The market solution here isn't that somehow there will magically be a minimum wage. Companies will dunk costs as low as possible period, so unskilled labor is always going to go low. The solution here is that people can't live on that wage so they have to move to more skilled positions that pay higher.
My issue isn't really with the concept of minimum wage, but rather the fact that it doesn't solve the problem. There are tons of unfilled skilled labor jobs and we aren't getting people off the unskilled jobs and into the skilled jobs. That is the problem we need to solve. Paying people artificial rates for jobs that aren't very valuable doesn't solve anything.
My issue isn't really with the concept of minimum wage, but rather the fact that it doesn't solve the problem. There are tons of unfilled skilled labor jobs and we aren't getting people off the unskilled jobs and into the skilled jobs. That is the problem we need to solve. Paying people artificial rates for jobs that aren't very valuable doesn't solve anything.
-
Medius - Governor
- Posts: 4019
- Joined: Sun Aug 19, 2012 9:21 pm
- Gender:
- Has thanked: 123 times
- Been thanked: 495 times
- Political Leaning: Middle of the Road
Re: Min Wage Increase = Transfer of Money Away From Middle C
by spacemonkey » Tue Mar 19, 2013 2:32 pm
I still say people shoud be able to buy their basic needs on a sliding scale based on income. But who really knows?
The hardest part of doing nothing is knowing when your done.
- spacemonkey
- Governor
- Posts: 5718
- Joined: Mon Aug 27, 2012 10:54 am
- Location: cyberspace
- Gender:
- Has thanked: 73 times
- Been thanked: 296 times
Who is online
Users browsing this forum: No registered users and 34 guests