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Post by John Liberty on Aug 28, 2013 22:49:04 GMT
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Ninjaman
Junior Member
Posts: 5 
Lean: Conservative
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Post by Ninjaman on Aug 29, 2013 1:23:13 GMT
The minimum wage in san Francisco is $10.25/hr. as it is the national requirement is I think $5/hr. in VA it is $7.25/hr. and even if the national minimum wage went up to $9.00/hr. the price of a big mac if the CEO's $ a year was DOUBLED from $9 million to $18 million the price would only go up 86 cents. So it would actually be good for the economy because it means more money in consumers pockets.
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Post by John Liberty on Aug 29, 2013 1:36:16 GMT
The minimum wage in san Francisco is $10.25/hr. as it is the national requirement is I think $5/hr. in VA it is $7.25/hr. and even if the national minimum wage went up to $9.00/hr. the price of a big mac if the CEO's $ a year was DOUBLED from $9 million to $18 million the price would only go up 86 cents. So it would actually be good for the economy because it means more money in consumers pockets. Yes, but if the business has less money because they are giving it all to its employees...they have to lay off people because they can't afford to keep all their employees. Thus leaving people without work. |
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Post by ProfessorKat on Aug 29, 2013 3:26:06 GMT
The minimum wage in san Francisco is $10.25/hr. as it is the national requirement is I think $5/hr. in VA it is $7.25/hr. and even if the national minimum wage went up to $9.00/hr. the price of a big mac if the CEO's $ a year was DOUBLED from $9 million to $18 million the price would only go up 86 cents. So it would actually be good for the economy because it means more money in consumers pockets. Yeah I agree with John Liberty, also I should mention the fact that minimum wage is yet another government regulation that gets in the way of the free market and prevents job growth. |
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rserling
Member
Posts: 52
Lean: Libertarian
Gender: Male
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Post by rserling on Aug 29, 2013 3:36:18 GMT
The minimum wage in san Francisco is $10.25/hr. as it is the national requirement is I think $5/hr. in VA it is $7.25/hr. and even if the national minimum wage went up to $9.00/hr. the price of a big mac if the CEO's $ a year was DOUBLED from $9 million to $18 million the price would only go up 86 cents. So it would actually be good for the economy because it means more money in consumers pockets. I don't think it's a good thing. More regulation scares business away. It has scared away plenty of business from California. It also won't actually help unskilled workers or young people. It will decrease demand for labor and create more unemployment. |
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Post by John Liberty on Aug 29, 2013 3:41:00 GMT
The minimum wage in san Francisco is $10.25/hr. as it is the national requirement is I think $5/hr. in VA it is $7.25/hr. and even if the national minimum wage went up to $9.00/hr. the price of a big mac if the CEO's $ a year was DOUBLED from $9 million to $18 million the price would only go up 86 cents. So it would actually be good for the economy because it means more money in consumers pockets. I don't think it's a good thing. More regulation scares business away. It has scared away plenty of business from California. It also won't actually help unskilled workers or young people. It will decrease demand for labor and create more unemployment. Agreed.  |
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Ninjaman
Junior Member
Posts: 5
Lean: Conservative
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Post by Ninjaman on Aug 29, 2013 10:20:26 GMT
Wrong it would meen people have more money too spend so it would actually make them grow people would be spending MORE money there than before.
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Post by John Liberty on Aug 29, 2013 11:49:24 GMT
Wrong it would meen people have more money too spend so it would actually make them grow people would be spending MORE money there than before. Cutting taxes would do the same thing. Why should we punish the businesses because the government feels the need to tax everything? The fact is high minimum wage laws, or actually minimum wage laws at all, put business to a standstill. Businesses are forced to lay people off because they can not afford to pay all of their employees, which leaves people without jobs and bumps up the unemployment rate. Very few businesses would be hiring more people, because they would be trying to pay the people they already have. So then we would have more people on welfare, because they can't have jobs. More people on welfare would mean more spending, resulting in a higher deficit. High deficit = Bad economy. If looked at from a black and white perspective you might be right, but economics is never black and white. |
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Post by ProfessorKat on Aug 29, 2013 11:59:18 GMT
Wrong it would meen people have more money too spend so it would actually make them grow people would be spending MORE money there than before. Minimum wage laws are similar to welfare in the way that it is forced charity. Businesses are forced to give employees, even those who don't deserve it mind you, more money against their will. They will most likely not participate in any risky or costly business endeavors(which is what business is all about) because they either can't risk the money or don't have the money because all of it is going to their employees. Also it eliminates the incentive to work hard because they won't need to work for their raise because they already get $10 an hour. |
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Post by AmazingDomo on Aug 29, 2013 17:25:54 GMT
Minimum wage laws are similar to welfare in the way that it is forced charity. Businesses are forced to give employees, even those who don't deserve it mind you, more money against their will. They will most likely not participate in any risky or costly business endeavors(which is what business is all about) because they either can't risk the money or don't have the money because all of it is going to their employees. Also it eliminates the incentive to work hard because they won't need to work for their raise because they already get $10 an hour. How many people do you know that would give charity without some alternative motive? I know very few. Sometimes you have to force people to give charity, or nobody would. We do not live in a perfect society, very few people would actually help those in need. The rest are too selfish to do anything about it. |
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rserling
Member
Posts: 52
Lean: Libertarian
Gender: Male
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Post by rserling on Aug 29, 2013 18:54:40 GMT
Minimum wage laws are similar to welfare in the way that it is forced charity. Businesses are forced to give employees, even those who don't deserve it mind you, more money against their will. They will most likely not participate in any risky or costly business endeavors(which is what business is all about) because they either can't risk the money or don't have the money because all of it is going to their employees. Also it eliminates the incentive to work hard because they won't need to work for their raise because they already get $10 an hour. How many people do you know that would give charity without some alternative motive? I know very few. Sometimes you have to force people to give charity, or nobody would. We do not live in a perfect society, very few people would actually help those in need. The rest are too selfish to do anything about it.--- Business is not charity. The more expenditures that are forced, the lower the demand for product, and labor in turn. Look at the current fast food workers strike. As much as I detest McDonald's, imagine the effects of DOUBLING workers' wages. The price of the food would be raised significantly. This would decrease demand for the food (It doesn't taste great; all it's got going for it is cheap and fast). Workers would probably be let go, and fewer new hires would be made. And lower income people would either be forced to pay more for fast food or have fewer options. There are thousands of voluntary charities. Charity is only charity if it is voluntary. Someone should have the opportunity to decide if their income should go to unskilled workers or causes they believe are more worthy. |
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Post by John Liberty on Aug 29, 2013 19:14:32 GMT
Minimum wage laws are similar to welfare in the way that it is forced charity. Businesses are forced to give employees, even those who don't deserve it mind you, more money against their will. They will most likely not participate in any risky or costly business endeavors(which is what business is all about) because they either can't risk the money or don't have the money because all of it is going to their employees. Also it eliminates the incentive to work hard because they won't need to work for their raise because they already get $10 an hour.
How many people do you know that would give charity without some alternative motive? I know very few. Sometimes you have to force people to give charity, or nobody would. We do not live in a perfect society, very few people would actually help those in need. The rest are too selfish to do anything about it. Forced charity is not charity, it's redistribution. See my post about redistribution in the Government Spending section. |
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