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Minimum Wage - Does The Minimum Wage Hurt Workers?

Hits: 8974 | Rating: (2.0) | Category: News & Politics | Added by: AntEconomist
Page: 1 2 3 4 5 Next >   Jump to: Bottom    Last Post
patchgrabber
Male, 30-39, Canada
 5726 Posts
Monday, April 16, 2012 9:22:17 AM
*minimum dammit.

patchgrabber
Male, 30-39, Canada
 5726 Posts
Monday, April 16, 2012 8:53:55 AM
Minumum wage is not just a thing that should be raised/lowered at a whim, it's set where it is because of the market and the economy. I'm not saying it's not low, I'm just saying it's not very simple to just change minimum wage.

The bigger problem is that wages haven't remained consistent with inflation. If this were the case, people wouldn't be complaining about this, likely.

MeGrendel
Male, 40-49, Southern US
 4746 Posts
Monday, April 16, 2012 6:38:54 AM
Darkolin-"Where the drat are you getting a 10 cent hamburger?"

Please don't vote. At no point in the video was a 10 cent hamburger mentioned.

We'd explain it to you, but your head would probably explode.

Musuko42
Male, 18-29, Europe
 2850 Posts
Monday, April 16, 2012 6:13:19 AM
@Samsquanch

"No...what a business will do if he's forced to increase minimum wage is increase his profit margin to cover the cost."

For some businesses, and their customers, that may be a problem: the businesses where the labour costs are a high proportion of the cost of the finished product.

I can't imagine this applies to all products. For those that have a small percentage of labour cost, the price rise would be minimal.

And the implied suggestion that the benefit to the worker will be robbed in the end by prices going up at the same rate as their pay is simplistic: it will only hurt them if the prices of the things they personally need to pay for go up, and I have yet to see anyone crunch the numbers to establish that, for instance, food, shelter and utilities have a large proportion of labour cost.

Darkolin
Male, 30-39, Eastern US
 54 Posts
Sunday, April 15, 2012 9:10:43 PM
Where the drat are you getting a 10 cent hamburger?

Squrlz4Sale
Male, 40-49, Eastern US
 6018 Posts
Sunday, April 15, 2012 6:25:42 PM
@Ollie: Don't be such a grumpus. There's a whole world of ponies out there to enjoy. =^.^=

Fatninja01
Male, 18-29, Australia
 24738 Posts
Sunday, April 15, 2012 6:24:10 PM
yes yes it does...

eovogt
Male, 18-29, Canada
 197 Posts
Sunday, April 15, 2012 4:57:19 PM
The only reason you can buy that $1 cheeseburger is because of the minimum wage, so stop complaining. If you dont like getting paid $10 an hour do something that is of value and make some real money.

Keyh
Male, 18-29, Eastern US
 227 Posts
Sunday, April 15, 2012 4:33:34 PM
"minimum wage over here is $15.51hr with 5.2% unemployment rates
Selous Male, 30-39, Australia "

That just means inflation caught up with your last minimum wage increase.

guillotine
Male, 18-29, Midwest US
 17 Posts
Sunday, April 15, 2012 4:27:58 PM
This video assumes all business owners reward workers purely on the merits of their work or reward workers at all, which is complete garbage. Everyone knows someone who got a job because they knew the right person. Everyone knows someone who works harder than anyone else and gets screwed over. The real reason raising minimum wage hurts workers is because the cost of living would go up right along with the minimum wage. No business, especially larger businesses, would be affected at all because no CEO would allow profits to be impacted for any reason. Cost to produce product goes up, cost of product goes up.

VirtualParty
Male, 18-29, Eastern US
 794 Posts
Sunday, April 15, 2012 4:24:11 PM
I wish I were born 50 years ago.

OldOllie
Male, 60-69, Midwest US
 14782 Posts
Sunday, April 15, 2012 3:48:40 PM
Sorry, Ollie. Not buying it for a second.

Fine. Stay stupid. See if I care.

auburnjunky
Male, 30-39, Southern US
 10157 Posts
Sunday, April 15, 2012 3:05:44 PM
People should be paid for the jobs they do, not $10/hr to flip burgers and drop fries.

Lower wages for teenagers jobs, = higher wages for other jobs.

5Cats
Male, 50-59, Canada
 26236 Posts
Sunday, April 15, 2012 2:01:29 PM
vv Quite right @CoyoteKing! And all those already making more than minimum, whose wages did NOT go up? THEY get to pay more for everything too! So their earnings effectively DROP.
Not nice!

CoyoteKing
Male, 18-29, Southern US
 2994 Posts
Sunday, April 15, 2012 1:28:14 PM
He forgot to mention that now that he has to pay the workers more and thus the company will see less profit they most likely have to raise the selling cost of their products. this leads to an overall increase in the cost of living and thus makes the minimum wage just as crappy as before but now with inflation!

MeGrendel
Male, 40-49, Southern US
 4746 Posts
Sunday, April 15, 2012 1:22:53 PM
antagonizer-"if you have 3 shifts that need to be filled, you need three people"

Obviously you've never owned or run a business. Simply put: the cost of labor becomes too high, the labor force will be cut, the remainder will be required to take up the slack.

thubanstar-"Can't Live on Minimum Wage"

And you're not supposed to. Minimum Wage jobs are for high school students learning about working for a living and getting a little extra money. If you're 40 and only making minimum wage, the problem is not with the employer or the job market.

An employee MUST make the company money. When he/she gets to the point where they he/she fails to do so, they are eliminated.

Squrlz4Sale
Male, 40-49, Eastern US
 6018 Posts
Sunday, April 15, 2012 1:17:21 PM
@OldOllie: Oh, cry me a river of crocodile tears. I'm sure you openly weep every night thinking about the unemployment rate of America's black youth.

Seriously, Ollie, get a little history under your belt. The mill owners in Massachusetts tried to make the same arguments about 8- and 9-year-old kids: Those advocating child labor laws, they said, were seeking to destroy poor families by taking away the oh-so-important rights of children to work.

Sorry, Ollie. Not buying it for a second.

OldOllie
Male, 60-69, Midwest US
 14782 Posts
Sunday, April 15, 2012 1:07:12 PM
What a steaming pile of propagandistic nonsense. The far right made the very same arguments when minimum wage was first proposed. They said it would ruin businesses; hurt the laborer; bankrupt entrepreneurs; yadda yadda yadda.

You've never actually paid attention to the minority youth unemployment rate over the past 40 years, have you? I can only surmise that you don't give a rat's @$$ about them.

Squrlz4Sale
Male, 40-49, Eastern US
 6018 Posts
Sunday, April 15, 2012 11:19:13 AM
What a steaming pile of propagandistic nonsense. The far right made the very same arguments when minimum wage was first proposed. They said it would ruin businesses; hurt the laborer; bankrupt entrepreneurs; yadda yadda yadda.

I've got a concept that eludes you, AntEconomist. Why not raise the price of each burger 10 cents? Personally, I'd much rather live in a country with slightly more expensive fast food and a lower class that makes enough money to live on as opposed to a country of working poor and 99-Cent Value Menus.

If AntEconomist thinks a completely unregulated form of capitalism is utopia, why doesn't he pack up his bags and move to a Third World country? No pesky minimum wage laws, no child labor laws, and no worker safety regulations to get in the way of the law of the jungle he seems to tirelessly advocate.

Gerry1of1
Male, 50-59, Western US
 33911 Posts
Sunday, April 15, 2012 10:46:49 AM

@ Aburnjunky - A friends wife got her masters in business administration. Two years she was unable to find work until she finally got a job as an assistant manager at a McDonalds. Yes, the liberal arts and history and literature degrees won't get you work, but the other "stable/reliable" degrees like teaching and nursing and business are no guarantee.

You hear about a shortage of nures, but many are unemplyed. The only one I know took 18 months to find work and it's really low pay at a nursing home.
Teachers? Those are being laid off, not hired.
Business degree? The middle-management that got pink-slipped. Starbucks alone laid off all thier regional managers, district managers, etc. My friend Patrick used to work for them. 3 years unemployed now.

auburnjunky
Male, 30-39, Southern US
 10157 Posts
Sunday, April 15, 2012 9:25:20 AM
"I know a person who is educated but can't find work."

What is he educated in? Maple Syrup?

Just kidding. This may not apply to your friend, but it makes me mental when people say "I have a college degree and I can't find work!" More often than not, I ask whet they have a degree in, and it turns out to be some liberal art, or something ridiculous like paleontology or something.

NO poo YOU CAN'T FIND A JOB!

Gerry1of1
Male, 50-59, Western US
 33911 Posts
Sunday, April 15, 2012 8:08:17 AM

If earning more money is so bad, why are billionaires so greedy?

unmercyfuldu
Male, 18-29, Western US
 774 Posts
Sunday, April 15, 2012 7:47:14 AM
Haha, offer them a raise! Yeah, if you are earning minimum wage your employer views you as a replaceable slag, no matter how hard you work. Republicans are under the impression that people who work hard are rewarded, and the richest are the most hard working. Bullpoo!

LordJim
Male, 50-59, Europe
 4784 Posts
Sunday, April 15, 2012 7:16:44 AM
Is this guy's target audience the slow-witted?

Keyh
Male, 18-29, Eastern US
 227 Posts
Sunday, April 15, 2012 7:12:36 AM
"Minimum wage in the US on most states: $7.25/hr ($1160/mo)
Rent-Range of one-bedroom apartment in Los Angeles according to rent.com: $650-1200
Average rent of one-bedroom apartment in Los Angeles according to craigslist: $480-3000

Looks not-ideal but liveable to me"

You're crazy if you think even the low end of that is 'livable'. Unless the person has no electricity or gas, walks to work, and hunts their own food.

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