Minimum wage rate and labors’ market prices.

S

Supposn

Verified User
Minimum wage rate and labors’ market prices.

Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. Respectfully, Supposn
 
I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
 
The Min Wage is a driver of demand. Every year it is not raised, the min workers take a pay cut from inflation. A higher min wage drives up demand. Demand is what created expansion and hiring.
 
Truth Detector said:
I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
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I'll simplify it further. If the only wage some can make is an arbitrary minimum, there are severe problems with their skill set not what they're being paid.
 
Nordberg said:
The Min Wage is a driver of demand. Every year it is not raised, the min workers take a pay cut from inflation. A higher min wage drives up demand. Demand is what created expansion and hiring.
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Every year a minimum wage worker continues to make minimum is another year they've failed to better their skills.
 
Truth Detector said:
I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
Click to expand...

The point of min wage is not those getting it.
Unions index their wage scales to it (in part) so a rise in min is an automatic. Un collectively bargained for raise.
Plus if you nudgw the bottom tier up, the next tier goes 'what about us ?', and the next tier, and the next tier etc.

And inflation settles it out so nobody wins, everybody loses.
 
then there's walmart employees directed to go to get food stamps in lieu of a raise, allowing companies to externalize costs onto the backs of taxpayers at large. that's fascism my friends.

minimum wages may not have "pulled anyone oit of poverty", but maybe it allowed them to live another month.

the rising tide was forced to raise all ships by the American labor movement, coming out of the gilded age.
 
The minimum wage is nothing more than the government telling some unskilled workers they're worth more than they really are.
 
Truth Detector said:
I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
Click to expand...
Truth Detector, to the extent of the federal minimum wage rate’s purchasing power, it reduces incidences and extents of poverty.
This is indicated by the U.S. Congressional Budget Office, (CBO) reports regarding the federal minimum wage rate. Additionally, the reports indicate although it legally requires no less than the precise minimum rate, increases of the minimum rate substantially affect all USA’s lower wage rates. CBO considered anything less than $20 per hour in 2018, as being lower wage rates.

Respectfully, Supposn
"We all do better when we all do better".
 
Supposn said:
Minimum wage rate and labors’ market prices.

Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. Respectfully, Supposn
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We should be proud enough of American workers to set a better wage standard for them.

If we aren't proud enough of our US workers- then what is the point of all this Bring Jobs Back Home- and MADE IN THE USA- and UNION SUCKS BULLSHIT ALL ABOUT? HUH?

I don't think you can play it both ways.

BASED ON RUNAWAY INFLATION, the minimum wage standard should be over $20 Bucks and hour- If not $25.00 an hour.

YOU CAN'T PAY THAT? YOU SHOULD BE RAN OUT OF BUSINESS FOR FOSTERING POVERTY!
 
Supposn said:
Truth Detector, to the extent of the federal minimum wage rate’s purchasing power, it reduces incidences and extents of poverty.
This is indicated by the U.S. Congressional Budget Office, (CBO) reports regarding the federal minimum wage rate. Additionally, the reports indicate although it legally requires no less than the precise minimum rate, increases of the minimum rate substantially affect all USA’s lower wage rates. CBO considered anything less than $20 per hour in 2018, as being lower wage rates.

Respectfully, Supposn
"We all do better when we all do better".
Click to expand...

If minimum wage is raised at the level of inflation, you still have poverty. The difference is the income level at which it exists.
 
Geeko Sportivo said:
We should be proud enough of American workers to set a better wage standard for them.

If we aren't proud enough of our US workers- then what is the point of all this Bring Jobs Back Home- and MADE IN THE USA- and UNION SUCKS BULLSHIT ALL ABOUT? HUH?

I don't think you can play it both ways.

BASED ON RUNAWAY INFLATION, the minimum wage standard should be over $20 Buck and hour- If not $25.00 an hour.

YOU CAN'T PAY THAT? YOU SHOULD BE RAN OUT OF BUSINESS FOR FOSTERING POVERTY!
Click to expand...

Those that can only make the minimum based on the low skill level they offer should set a better standard for themselves instead of demanding they get more than they're worth.

Low skilled workers shouldn't be paid the current minimum. It's more than what they offer is worth.
 
CFM said:
Those that can only make the minimum based on the low skill level they offer should set a better standard for themselves instead of demanding they get more than they're worth.

Low skilled workers shouldn't be paid the current minimum. It's more than what they offer is worth.
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You just have a poor disregard for low-income workers.

Everybody has to start somewhere idiot! Even College degree-d people!

BUT THEY SHOULD NOT BE TAKEN ADVANTAGE OF!

LOOK AT THE COST OF HOUSING AND THE COST OF LIVING TODAY- IDIOT!

EVERYONE NEEDS A RAISE ALL THE WAY UP THE LADDER- For everyone paid by the hour!
 
Geeko Sportivo said:
You just have a poor disregard for low-income workers.

Everybody has to start somewhere idiot! Even College degree-d people!

BUT THEY SHOULD NOT BE TAKEN ADVANTAGE OF!

LOOK AT THE COST OF HOUSING AND THE COST OF LIVING TODAY- IDIOT!

EVERYONE NEEDS A RAISE ALL THE WAY UP THE LADDER- For everyone paid by the hour!
Click to expand...

Not at all. I have a poor disregard for low skilled workers that demand the government force employers to pay them more than their skills are worth.

Yes they do have to start somewhere. Those will skills move up in position and pay while those refusing to better their skills continue to move very little and whine even more.

If someone offers $5/hour skills and they're being paid $5/hour, that's not being taken advantage of, it's getting paid for what you offer.

The difference is you want to give someone a raise without it having been earned and I expect them to earn it. I've had raises up the ladder and each of them was because I worked to climb that ladder not because I demanded a shorter ladder. I had a solution for increased costs. It was to earn more and do it faster than costs increased.
 
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