Minimum wage rate and labors’ market prices.

[Supposn]

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

[Truth Detector]

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.

[CFM]

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.

[Celticguy]

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.

[Blackwater Lunchbreak]

In 1912, the state of Massachusetts, United States, set minimum wages for women and children

[Blackwater Lunchbreak]

minimum wages where the company pays are preferable to social services where everybody pays, thus facilitating fascism.

[Truth Detector]

minimum wages where the company pays are preferable to social services where everybody pays, thus facilitating fascism.

Minimum wage laws never reduced the demand on social services.

[Blackwater Lunchbreak]

Minimum wage laws never reduced the demand on social services.

of course they have.

[Supposn]

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".

[CFM]

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.

[Supposn]

If minimum wage is raised at the level of inflation, you still have poverty. The difference is the income level at which it exists.

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

[CFM]

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.

[PoliTalker]

When people are paid a higher wage they tend to be more dedicated to the job they are doing and to their employer.

[CFM]

When people are paid a higher wage they tend to be more dedicated to the job they are doing and to their employer.

As long as they EARN that higher wage.

[Truth Detector]

Truth Detector, to the extent of the federal minimum wage rate’s purchasing power, it reduces incidences and extents of poverty.

That is a lie; you can't find ONE credible claim that supports that assertion. The ONLY thing arbitrary Government minimum wage laws do are increase inflationary pressures resulting in no real benefit for those who are getting minimum wage.

The other LIE regarding the minimum wage is that these are not individuals who are supporting families. Most are illegals who cannot speak English, students and part time adults supplementing their main income and who have no real job skills.

This is indicated by the U.S. Congressional Budget Office, (CBO) reports regarding the federal minimum wage rate.

Priceless; the GOVERNMENT Congresses budget office reporting on the GOVERNMENT Congressional policies in order to get uneducated voters to vote for them in the false belief that they are benefiting.

Clue for you; ALL Congressional budget office reports and estimates are wrong. They've never gotten anything right.

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.

Another BULLSHIT claim that cannot be supported by any credible sources.

Again, it is not the Governments job to mandate ANYTHING on the private market. The best way to make make more money is by learning skill that is in demand or getting a higher education.