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Thread: Minimum wage rate and labors’ market prices.

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    Quote Originally Posted by T. A. Gardner View Post
    Why is that "fascism?" That is an economic choice in a Socialist society. If you can make more on welfare, why work? If your taxes go up and you lose benefits because your wage increased, you forego a pay raise to maintain them. Some people work to certain levels of income deliberately like that to avoid losing social security benefits, or Earned Income Credits. It used to be that some on welfare would have children just to increase the payments they were getting while neglecting the kids.

    Other people work "under the table" to avoid taxes or reported income.

    None of that is solely an American issue. That happens everywhere.

    In Italy they cracked down on "tax cheats" like the plumber driving a Ferrari who was making six figures easily...

    https://www.foxnews.com/world/plumbe...talian-economy

    https://www.pri.org/stories/2012-01-...drive-ferraris

    https://www.thelocal.it/20160301/ita...n-on-tax-fraud

    Cheating on your taxes is a European pass time. Everybody does it there because taxes are high enough that it is worth cheating to the maximum extent possible.

    Minimum wage hikes don't fix the problem of low wage earners. More skills, better education, and more training do. But even then, there's always going to be the bottom end of the bell curve that end up unable to get more than low paying, low skill or unskilled jobs simply because they can't do more.

    fascism is the united power of corporation s and government.

    why work when you can be on multiple corporate boards?

    fiat currency is pure totalitarianism.
    o
    morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.



    Trump Wins,
    by definition
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    Quote Originally Posted by CFM View Post
    Getting an education, working hard, and advancing in a career because you offer something employers want isn't privilege. It's benefiting from bettering yourself.

    What do you call a minimum wage, low skilled worker that has the same skill set they had 20 years ago?
    Not everyone is able to stop their life for a college education, nor can they afford it. Working hard doesn't work for everyone.

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    Quote Originally Posted by Yakuda View Post
    Intersting. Never thought about that. What difference do you think it would make?
    For some people, those extra dollars might mean catching up on a utility bill.

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    Quote Originally Posted by Michael_Panetta View Post
    Not everyone is able to stop their life for a college education, nor can they afford it. Working hard doesn't work for everyone.
    At the age most go to college, they haven't really started theirs lives.

    Working hard works for everyone. To say otherwise is nothing more than an excuse a failure would use.

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    Quote Originally Posted by Michael_Panetta View Post
    Here's an idea. Have overtime pay begin at 35 hours instead of 40 hours.
    Expecting more for less isn't an idea. It's called begging.

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    Quote Originally Posted by Supposn View Post
    CFM, our government doesn’t require that an enterprise hire any persons. Our government do not determine wage differentials between employees. But employers are prohibited from paying less than the legally applicable minimum wage rate.

    Employers are generally not altruistic. They hire, pay wages, and retain employees because they expect to derive benefits from doing so, or fear loses if they don’t do so. If employers believe their employees don’t earn their wages, why are those employees being retained?
    Respectfully, Supposn
    If employers are required by the government to pay a minimum, the government is determining wage differentials especially if the employer would pay the minimum wage worker less.

    It's not an employers job to be altruistic. It's their job to pay an employee what they think, not the government thinks, that employee is worth.

    There is a difference between retaining employees because they provide work and being forced to pay that employee an arbitrary minimum.

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    Quote Originally Posted by Supposn View Post
    CFM, minimum wage rate has always been a victim rather than the cause of U.S. dollar’s inflation. It has never been among the primary contributors to our dollar’s losses of purchasing power. Respectfully, Supposn
    You couldn't be more wrong but you'll keep pretending you know something. If you knew 1/4 of what you thought you knew, you wouldn't be crying for the government to increase the minimum wage you receive.

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    Quote Originally Posted by Michael_Panetta View Post
    For some people, those extra dollars might mean catching up on a utility bill.
    Oh ok. Not a bad idea

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    Quote Originally Posted by CFM View Post
    At the age most go to college, they haven't really started theirs lives.

    Working hard works for everyone. To say otherwise is nothing more than an excuse a failure would use.
    how about a chinese dissident inside a ccp labor/organ harvesting camp? do they just need a tony robbins pep talk?
    morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.



    Trump Wins,
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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
    You have no idea how prices are set, do you?
    Don't be afraid to see what you see

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    Quote Originally Posted by CFM View Post
    If employers are required by the government to pay a minimum, the government is determining wage differentials especially if the employer would pay the minimum wage worker less.

    It's not an employers job to be altruistic. It's their job to pay an employee what they think, not the government thinks, that employee is worth.

    There is a difference between retaining employees because they provide work and being forced to pay that employee an arbitrary minimum.
    CFM, throughout the world, most employers have never heard the phrase "wage differentials" mentioned; but most employers practice the concept of wage differentials.

    Wage differentials are driven from the lower rather than higher wage rates.
    Due to employers’ common wage differential practices, increasing a crew’s wage rates, generally impels their supervisor’s rate should also be increased; but increasing supervisors’ rates doesn’t necessarily require their entire crew’s rates also be increased.

    Although the federal minimum wage rate affects other rates, it doesn't determine wage differentials. Respectfully, Supposn
    Last edited by Supposn; 09-15-2020 at 02:33 AM.

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    Quote Originally Posted by Guille View Post
    You have no idea how prices are set, do you?
    Guille, I’ve supposed that product producers considering the factors or restraints of their costs and competition, propose to offer their products for sale or trade. The minimum wage rate is among the cost factors or restraints that employers must consider.

    You’re of a differing opinion? Respectfully, Supposn

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    Quote Originally Posted by Supposn View Post
    Guille, I’ve supposed that product producers considering the factors or restraints of their costs and competition, propose to offer their products for sale or trade. The minimum wage rate is among the cost factors or restraints that employers must consider.

    You’re of a differing opinion? Respectfully, Supposn
    Yes, I am. The labor rate has nothing to do with how a price is set because the public does not give one single fuck about labor costs.
    Don't be afraid to see what you see

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    Quote Originally Posted by CFM View Post
    Expecting more for less isn't an idea. It's called begging.
    You sacrifice the best hours of the best years of your life to make a company money. Asking for a liveable wage in return isn't "begging."

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    Quote Originally Posted by CFM View Post
    At the age most go to college, they haven't really started theirs lives.

    Working hard works for everyone. To say otherwise is nothing more than an excuse a failure would use.
    No. You claimed that someone who works minimum wage has nobody to blame but themselves for continuing to work such a job. I countered that not everyone is able to simply quit their job and go to school.

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