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Thread: Minimum wage rate and labors’ market prices.

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    Default Minimum wage rate and labors’ market prices.

    Minimum wage rate and labors’ market prices.

    Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

    Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. Respectfully, Supposn

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    I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

    It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
    Mayor de Blasio on March 5th:
    Coronavirus fears shouldn’t keep New Yorkers off subways


    Cuomo on March 18th:
    “That is not going to happen, shelter in place, for New York City. I wouldn’t approve shelter in place.”



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    The Min Wage is a driver of demand. Every year it is not raised, the min workers take a pay cut from inflation. A higher min wage drives up demand. Demand is what created expansion and hiring.

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    Quote Originally Posted by Truth Detector View Post
    I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

    It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
    I'll simplify it further. If the only wage some can make is an arbitrary minimum, there are severe problems with their skill set not what they're being paid.

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    Quote Originally Posted by Nordberg View Post
    The Min Wage is a driver of demand. Every year it is not raised, the min workers take a pay cut from inflation. A higher min wage drives up demand. Demand is what created expansion and hiring.
    Every year a minimum wage worker continues to make minimum is another year they've failed to better their skills.

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    Quote Originally Posted by Truth Detector View Post
    I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

    It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
    The point of min wage is not those getting it.
    Unions index their wage scales to it (in part) so a rise in min is an automatic. Un collectively bargained for raise.
    Plus if you nudgw the bottom tier up, the next tier goes 'what about us ?', and the next tier, and the next tier etc.

    And inflation settles it out so nobody wins, everybody loses.
    ERIC CIARAMELLA whose name may not be spoken

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    then there's walmart employees directed to go to get food stamps in lieu of a raise, allowing companies to externalize costs onto the backs of taxpayers at large. that's fascism my friends.

    minimum wages may not have "pulled anyone oit of poverty", but maybe it allowed them to live another month.

    the rising tide was forced to raise all ships by the American labor movement, coming out of the gilded age.
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    In 1912, the state of Massachusetts, United States, set minimum wages for women and children
    Morality is a set of attitudes and behaviors which facilitate voluntary, cooperative and mutually beneficial relationships. --AssHatZombie

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    The minimum wage is nothing more than the government telling some unskilled workers they're worth more than they really are.

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    minimum wages where the company pays are preferable to social services where everybody pays, thus facilitating fascism.
    Morality is a set of attitudes and behaviors which facilitate voluntary, cooperative and mutually beneficial relationships. --AssHatZombie

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    Quote Originally Posted by CFM View Post
    The minimum wage is nothing more than the government telling some unskilled workers they're worth more than they really are.
    stow it, fascist.
    Morality is a set of attitudes and behaviors which facilitate voluntary, cooperative and mutually beneficial relationships. --AssHatZombie

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    Quote Originally Posted by AssHatZombie View Post
    stow it, fascist.
    I'm not the one supporting a government mandated minimum wage.

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    Quote Originally Posted by Truth Detector View Post
    I will simplify the minimum wage debate; arbitrary minimum wage laws have NEVER pulled anyone out of poverty. EVER.

    It gives gullible low wage earners a warm feeling and allows dishonest political hacks to say they are caring. But these voters are getting NOTHING out of this deal.
    Truth Detector, to the extent of the federal minimum wage rate’s purchasing power, it reduces incidences and extents of poverty.
    This is indicated by the U.S. Congressional Budget Office, (CBO) reports regarding the federal minimum wage rate. Additionally, the reports indicate although it legally requires no less than the precise minimum rate, increases of the minimum rate substantially affect all USA’s lower wage rates. CBO considered anything less than $20 per hour in 2018, as being lower wage rates.

    Respectfully, Supposn
    "We all do better when we all do better".

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    Quote Originally Posted by Supposn View Post
    Minimum wage rate and labors’ market prices.

    Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

    Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. Respectfully, Supposn
    We should be proud enough of American workers to set a better wage standard for them.

    If we aren't proud enough of our US workers- then what is the point of all this Bring Jobs Back Home- and MADE IN THE USA- and UNION SUCKS BULLSHIT ALL ABOUT? HUH?

    I don't think you can play it both ways.

    BASED ON RUNAWAY INFLATION, the minimum wage standard should be over $20 Bucks and hour- If not $25.00 an hour.

    YOU CAN'T PAY THAT? YOU SHOULD BE RAN OUT OF BUSINESS FOR FOSTERING POVERTY!

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    Quote Originally Posted by Supposn View Post
    Truth Detector, to the extent of the federal minimum wage rate’s purchasing power, it reduces incidences and extents of poverty.
    This is indicated by the U.S. Congressional Budget Office, (CBO) reports regarding the federal minimum wage rate. Additionally, the reports indicate although it legally requires no less than the precise minimum rate, increases of the minimum rate substantially affect all USA’s lower wage rates. CBO considered anything less than $20 per hour in 2018, as being lower wage rates.

    Respectfully, Supposn
    "We all do better when we all do better".
    If minimum wage is raised at the level of inflation, you still have poverty. The difference is the income level at which it exists.

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