Min Wage Increase = Transfer of Money Away From Middle Class
Re: Min Wage Increase = Transfer of Money Away From Middle C
by Kane » Tue Mar 19, 2013 1:17 am
The dude and Kane win.
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Re: Min Wage Increase = Transfer of Money Away From Middle C
by J.K. Gregg » Tue Mar 19, 2013 8:49 am
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
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Re: Min Wage Increase = Transfer of Money Away From Middle C
by spacemonkey » Tue Mar 19, 2013 9:20 am
Be productive but expect little or no prosparity. What a plan,LOL.
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Re: Min Wage Increase = Transfer of Money Away From Middle C
by Medius » Tue Mar 19, 2013 10:12 am
The market solution here isn't that somehow there will magically be a minimum wage. Companies will dunk costs as low as possible period, so unskilled labor is always going to go low. The solution here is that people can't live on that wage so they have to move to more skilled positions that pay higher.
My issue isn't really with the concept of minimum wage, but rather the fact that it doesn't solve the problem. There are tons of unfilled skilled labor jobs and we aren't getting people off the unskilled jobs and into the skilled jobs. That is the problem we need to solve. Paying people artificial rates for jobs that aren't very valuable doesn't solve anything.
My issue isn't really with the concept of minimum wage, but rather the fact that it doesn't solve the problem. There are tons of unfilled skilled labor jobs and we aren't getting people off the unskilled jobs and into the skilled jobs. That is the problem we need to solve. Paying people artificial rates for jobs that aren't very valuable doesn't solve anything.
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Re: Min Wage Increase = Transfer of Money Away From Middle C
by spacemonkey » Tue Mar 19, 2013 2:32 pm
I still say people shoud be able to buy their basic needs on a sliding scale based on income. But who really knows?
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