Originally posted by Bardock42
"be"But it does kinda hurt the poor the most.
Of course when it isn't there the poor get shit on like no tomorrow. Yes, I'm sure in a magical free market that has never existed and never will no minimum wage would be a good thing but back in reality is really does help the poor avoid outright exploitation.
I do have a question, if the min-wage was done away with and an employer like Burger King could then afford to hire 3 people at 2.50hr instead of the one at 7.50hr; how is that going to help the economy all that much when the same amount of spending money that could potentially go back into the market is essentially the same?
Not to mention that someone working now at a 3rd of the mandated min-wage couldn't afford anything except the bare minimum, even that would be a stretch.
Originally posted by Robtard
I do have a question, if the min-wage was done away with and an employer like Burger King could then afford to hire 3 people at 2.50hr instead of the one at 7.50hr, how is that going to help the economy all that much when the same amount of spending money that could potentially go back into the market is essentially the same?Not to mention that someone working now at a 3rd of the mandated min-wage couldn't afford anything except the bare minimum, even that would be a stretch.
I think it was shown that in the US it's barely possible to survive even at full minimum wage.
Originally posted by Robtard
I do have a question, if the min-wage was done away with and an employer like Burger King could then afford to hire 3 people at 2.50hr instead of the one at 7.50hr; how is that going to help the economy all that much when the same amount of spending money that could potentially go back into the market is essentially the same?Not to mention that someone working now at a 3rd of the mandated min-wage couldn't afford anything except the bare minimum, even that would be a stretch.
It is a good point. Also, minimum wage is just that - minimum, to avoid exploitation. I fail to see its negative effect on economy.
Actually... It is essentially just Burger King that will potentially have bigger profit, which will result in more restaurants, resulting in more fat people, which will result in more people being unable to work due to fatness which will negativelly influence economy.
This will potentially result in economy crashing because of high unemployment and fatness and nuclear war erupting.
Originally posted by Robtard
My model did fail to note that Burger King would not (in theory) just have three times the staff just because it could, it would simply only lower it's own overhead in regards to payroll as it would have the same same work-force, just at a third of the cost.
Is that a realistic scenario, in your opinion?
Originally posted by Bardock42
The problem is when the "minimum" becomes too high, making many employers unable to hire the amount of workers they might need, and thereby hurting the poor people that are unable to find a job and basically denied to accept a lower paying position.
That doesn't make sense. Do the jobs suddenly stop existing or something?
Originally posted by Bardock42
Is that a realistic scenario, in your opinion?
Yes and no, but do you really thing large corporations that have a large percentage of their staff at minimum wage (eg Burger King) would simply continue to pay them that mandated wage if the governmant did away with the regulation?
Originally posted by Symmetric ChaosYes.
Is that a realistic scenario, in your opinion?
Originally posted by RobtardThey would likely try to pay them less, obviously.
Yes and no, but do you really thing large corporations that have a large percentage of their staff at minimum wage (eg Burger King) would simply continue to pay them that mandated wage if the governmant did away with the regulation?
Originally posted by lil bitchiness
It is a good point. Also, minimum wage is just that - minimum, to avoid exploitation. I fail to see its negative effect on economy.Actually... It is essentially just Burger King that will potentially have bigger profit, which will result in more restaurants, resulting in more fat people, which will result in more people being unable to work due to fatness which will negativelly influence economy.
This will potentially result in economy crashing because of high unemployment and fatness and nuclear war erupting.
😆 😆 😆
NOT DA FAT PEEPOOL!
Best post in da thread.
I don't quite understand the question. Are you asking, is the current minimum wage sufficient enough for people or are you questioning the minimum wage system in general?
Personally, i don't think that there is anything wrong with minimum wage. I think there are problems with cost of living and health care but the minimum wage system is fine. We need class systems to keep alive the middle class, otherwise you have communism or socialism. Some people are just lazy and choose to stay content with minimum wage for their entire lives. It is their own fault if they do not feel that minimum wage supports them enough. If you are disabled and cannot seek higher learning or a better job there is disability. When a country becomes more socialistic than capitalistic, Minimum wage is still not a problem it just makes it harder to get out of a minimum wage job but on the return it offers cheaper services like health care.