Resetting the standard on Minimum Wage (Page 10): Here is the reply to that premiss: If I need to have a job done that literally "anyone" can do, and jobs are difficult to find, as...

rrforster12 Loc: Leesburg Florida

QualinD wrote:

I'll keep this short and sweet. The minimum wage needs to be no more or less than 15 dollars an hour. That whole "prices will go up and jobs will be lost" excuse is ridiculous. CEOs quintuple their salaries every year and nothing happens. Preventing blue collar workers from starving between paychecks is not gonna kill anyone. Either raise the minimum wage to a decent, reasonable level or get rid of it. That is all...

Here is the reply to that premiss: If I need to have a job done that literally "anyone" can do, and jobs are difficult to find, as they are now, there will be many, many, more people vying for those jobs. People with higher education for instance, and older workers that are on early retirement etc.
Employers will naturally fill those jobs with the highest level of people available, thereby eliminating the workforce entry level opportunities for those who have nothing special to offer.
If a potential worker can never get a start, how will they ever become employable? If one wants to see a model of that scenario take a look at India, Haiti etc. Years ago I was visiting Haiti to scout business locations. I stayed at a hotel that provided a Doorman, and while I was waiting for my ride I had a conversation with that Doorman. It came out that he had earned an Accounting degree, but until someone with that special training passed away or left the country he had no chance to get hired as an Accountant, and as a matter in fact he had to wait 2 years to get hired as a Doorman. In the USA Entry Level jobs are just that; a starting position. A place to learn how to function successfully as an employee, and as experience is gained with the work process and education is obtained, they can become qualified for more meaningful work and can move up in the workforce. Employees are generally paid what their work product is worth to the employer in his effort to make a profit. It's a hard truth, but if you are not contributing to making a profit for the operation that is paying you, then you are not needed.

rrforster12 Loc: Leesburg Florida

Blenheim Orange wrote:

Welcome to UHH.

Pay workers more, we spend more. When we spend more, more jobs are created.

The "prices will go up and jobs will be lost" excuse is ridiculous, as you say. It is counter-intuitive and illogical.

Mike

If that premiss was a valid one our government should provide a credit card to every newborn at birth and fund it with $100,000 a year. That way the USA would be the most prosperous country in history. Hmmmm wait a minute....where would the government get the money to give away? That's the problem with government socialism...eventually it runs out of other people's money.

Budnjax Loc: NE Florida

OK....if there's no bad effects of raising the minimum wage let's raise it to $250 per hour. $250 would make everyone rich and we would be able to get rid of almost all welfare and social programs as no one would qualify based on low income.

Actually.....of course this would destroy the economy. The fact is only about 3% of workers are at minimum wage. It's also a fact that some workers simply aren't even worth a low minimum wage....so minimum wage laws keep them unemployed.

letmedance Loc: Walnut, Ca.

rrforster12 wrote:

If that premiss was a valid one our government should provide a credit card to every newborn at birth and fund it with $100,000 a year. That way the USA would be the most prosperous country in history. Hmmmm wait a minute....where would the government get the money to give away? That's the problem with government socialism...eventually it runs out of other people's money.

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