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From: Jeffrey Turner on 16 May 2007 17:19 Bill Bonde ( 'Hi ho' ) wrote: > Eeyore wrote: >>"Fred G. Mackey" wrote: >> >> >>>But, of course, many jobs pay more than minimum wage anyway. >> >>That's not why it exists though is it ? > > Why minimum wage exists? No one can explain why that exists except due > to some misguided altruism at other's expense. Just because YOU can't understand the explanation, Bill... --Jeff -- We know now that Government by organized money is just as dangerous as Government by organized mob. --Franklin D. Roosevelt
From: Eeyore on 16 May 2007 17:33 Jeffrey Turner wrote: > Bill Bonde ( 'Hi ho' ) wrote: > > Eeyore wrote: > >>"Fred G. Mackey" wrote: > >> > >> > >>>But, of course, many jobs pay more than minimum wage anyway. > >> > >>That's not why it exists though is it ? > > > > Why minimum wage exists? No one can explain why that exists except due > > to some misguided altruism at other's expense. > > Just because YOU can't understand the explanation, Bill... Maybe Bill doesn't realise that if you *can* pay less than minimum wage there will be ppl lining up to do just exactly that and take advantage of the disadvantaged. It's hardly as if minimum wage is a job killer. In the UK, there's a lower figure for kids AIUI that means thing like pare deliveroies can still exist economically and those kids can get a bit more to spend on their interests. Graham
From: Rudy Canoza on 16 May 2007 18:12 Jeffrey Turner wrote: > Rudy Canoza wrote: >> Eeyore wrote: >>> "Fred G. Mackey" wrote: >>>> Eeyore wrote: >>>>> Rudy Canoza wrote: >>>>> >>>>>> There should be no minimum wage at all. It destroys >>>>>> employment and hurts poor people. >>>>> >>>>> LMAO ! >>>>> >>>>> Yes, they'd be so much better off on $3 an hour ! >>>> >>>> That would be better than being unenmployed. >>> >>> Could *you* live on it ? >> >> The choice isn't between $3.00 an hour (or whatever wage the person can >> get) and some artificially pegged higher wage; the choice is between >> $3.00 an hour and ZERO dollars an hour. If the work a person does only >> brings in $3.00 an hour in revenue, the employer isn't going to pay >> $7.50 an hour, thereby losing $4.50 an hour (actually, much more after >> payroll taxes) for every hour the doofus works; the doofus will be fired. >> >> Advocates of minimum wage laws just don't get it: they destroy >> employment. If you really don't think they do, then why don't you >> advocate a $50 an hour minimum wage? > > It destroys sub-poverty employment. It destroys employment, period. It keeps people who might earn some income from earning any income at all. > And keeps other wages from being > ratcheted down. No, it puts downward pressure on wages of those who are working at or only slightly above the minimum by increasing the number of people out of work. You really ought to study some labor economics before running your ignorant yap. > >>>> But, of course, many jobs pay more than minimum wage anyway. >>> >>> That's not why it exists though is it ? >> >> It exists to help labor unions. It reduces the competition faced by >> unionized employees. > > You want to be an exploited worker? But even states with "right to > [exploitation]" laws have minimum wages. You really are incoherent. Right to work - there is no such thing as "exploitation", in the emotionally laden sense you mean - doesn't get rid of labor unions. Low-wage/low-skill labor is a substitute for higher-wage/higher-skill unionized labor. Relative prices are what matter, as anyone who has studied economics - not you - knows. By raising the price of low-wage/unskilled labor relative to unionized labor, it makes the unionized labor look more attractive. If a business can hire one $22/hour union thug, or four $5/hour non-unionized high school dropouts who are as productive as the union thug, the employer will hire the four dropouts and save $2.00 per hour. But if the minimum wage laws require him to pay $7.50 for the dropouts when their labor only is worth $5.00, he'll fire all four of the dropouts and hire the union thug.
From: Rudy Canoza on 16 May 2007 18:12 Jeffrey Turner wrote: > Bill Bonde ( 'Hi ho' ) wrote: >> Eeyore wrote: >>> "Fred G. Mackey" wrote: >>> >>> >>>> But, of course, many jobs pay more than minimum wage anyway. >>> >>> That's not why it exists though is it ? >> >> Why minimum wage exists? No one can explain why that exists except due >> to some misguided altruism at other's expense. > > Just because YOU can't understand the explanation, Bill... The explanation is organized labor.
From: Eeyore on 16 May 2007 20:53
Rudy Canoza wrote: > there is no such thing as "exploitation", Oh really ? Graham |