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Post by luapnor on Apr 2, 2024 9:10:42 GMT -5
New $20 minimum wage will result in mass layoffs and restaurants will struggle to make robot workers workable and profitable.
I guess the businesses will just factor in the new cost.. isnt that what all you minimum wage proponents say?
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Post by dragonbait on Apr 2, 2024 12:44:17 GMT -5
Denmark enters the chat
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Post by johngalt on Apr 2, 2024 12:55:04 GMT -5
In a sane world a minimum wage is $0.00.
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Post by misterjr on Apr 2, 2024 13:56:30 GMT -5
In a sane world a minimum wage is $0.00. Unregulated capitalism won't work.
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Post by PolarsStepdad on Apr 2, 2024 13:59:38 GMT -5
Finland enters the chat Australia has entered the chat
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Post by Captj on Apr 2, 2024 14:41:06 GMT -5
Don't know how anybody can live on $20/hr.
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Post by luapnor on Apr 2, 2024 19:46:11 GMT -5
In a sane world a minimum wage is $0.00. Unregulated capitalism won't work. Buzz words of the neo-Marxists.
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Post by PolarsStepdad on Apr 2, 2024 19:47:05 GMT -5
Unregulated capitalism won't work. Buzz words of the neo-Marxists. I've been called worse
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Post by luapnor on Apr 2, 2024 19:48:03 GMT -5
Finland enters the chat Australia has entered the chat Lol... all authoritarian countries, not surprised you admire them
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Post by luapnor on Apr 2, 2024 19:48:34 GMT -5
Buzz words of the neo-Marxists. I've been called worse How many personalities do you have on here?
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Post by PolarsStepdad on Apr 2, 2024 19:49:44 GMT -5
Finland enters the chat Australia has entered the chat Lol... all authoritarian countries, not surprised you admire them Some of the happiest freeiest countries and people in the world. Not surprised you despise them
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Post by PolarsStepdad on Apr 2, 2024 19:51:04 GMT -5
How many personalities do you have on here? Just one. I'm me. No fake accounts , alias or names. Well my scree. Name might be little lie but other than that it's all me
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Post by johngalt on Apr 2, 2024 20:17:13 GMT -5
In a sane world a minimum wage is $0.00. Unregulated capitalism won't work. But you believe government mandated wages do work?
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Post by bullfrog on Apr 2, 2024 20:20:45 GMT -5
The cost of living will go up accordingly and no economic advancement will be achieved for low earners. While the middle class will have more of their buying power eroded, making the distinction between low and middle class that much less by bringing the latter down. Good job!
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Post by cadman on Apr 3, 2024 7:43:50 GMT -5
A minimum wage is needed. the first was instituted after the Depression to stabilize the economy and stop some from exploiting the poor. The question is not whether a minimum wage is needed, but what is the proper minimum wage.
Without a minimum wage there will always be some unscrupulous employers taking advantage of certain classes of workers. It has happened in the past and would happen again without laws to stop them. I guess those against the minimum wage are also in favor of eliminating the 40-hour work week and child labor laws. Let's go back to working 50 to 60-hour weeks and let 12-year-olds work in factories.
A minimum wage will increase costs, but it is not a $1 for $1 exchange. If you raise the minimum wage $1, the cost of goods does not go up $1. So there will be some economic gain to the employee at the lower end.
In my opinion, It hurts the higher earners, just above minimum wage, and also affects productivity. Using California, the new minimum wage went from $15 to $20 an hour. Likely employees were making $16 before and even $17 an hour. They are now likely at the same $20 as the other minimum wage workers and their hard work has no benefit. It is like they are starting over. Managers are not going to get the same 25% increase in pay the minimum wage workers in California got. These employees get punished through no fault of their own.
I think there needs to be a national minimum wage. I am not as convinced we should have state and local minimum wages, but it is easier for groups to convince these local governments to raise wages than it is Congress. The national minimum wage should be around $15 an hour and tied to inflation so it goes up the same as inflation each year. Congress should eliminate local and state minimum wages if such a mandate can pass a constitutional test.
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