Orlandomon wrote:I believe economy should be left to function at its natural state.
if someone is willing to work for less, this means our "minimum wage" is above the equilibrium margin.
Nope, it means that some people are so desperate for money that they don't have a choice.
Orlandomon wrote:This creates a slurpus of workers. (in other words, alot of people without jobs) i believe the minimum wage should be non existant. think of it this way, company X can hire 3 lower paid workers to do the same job a higher wage worker does, we get lower prices. plus, we also have more people paying into social security system. this could alleviate our SS issue were having now (more people receiving SS benefits, than people actually paying into SS). of course, it would not solve it, but we would be in a less deeper hole.
So a surplus of workers is a good thing? We will get lower prices, but remember, it will still be hard to buy things because our wages will be lower. We will not see the benefit of lower prices, only those that keep their current wage and the heads of companies will. ow will you have more people paying for SS? The immigrant will simply replace American for a lower wage and therefore pay in LESS. Remember, the average income will go down so there will be less taxes paid.
Orlandomon wrote:another good thing, our unemployment rate drops. because more jobs are created (like the 3 workers for the price of 1)
Yeah, 1 US citizen out and 3 immigrants in, that's fair. What about those that were replaced? I guess they will have to lower their standard of living. If it is a 1-3 ratio, like you said, then we will make 1/3 of our current wage. That's great! I love that idea! OK, we need to start living with at least 9 people per house and stop buying new @!#$, no more car mods.
Orlandomon wrote:I know some of u are gonna say, but then the rest of us that want to work get screwed over. you DONT get screwed over, u can work for 3 $ an hr like them, or you can get an education. Thats the answer for higher paying jobs, acquiring skills. higher skilled workers should get paid higher wages. if we acquire the skills needed for a higher paying job, aka: a career. , we dont have to worry about them taking away our "jobs" do we? I doubt immigrants have an education.....
How ignorant, what about the middle aged people with families to feed? I guess they will have to live on a collage students income, that will be great. You can't have new cloths this year little Susie, daddy only makes $10k a year now. Believe me the immigrants will start to take the higher jobs too, it will be cheaper to train and hire them than to hire a local. Over abundance of workers = lower wages for workers, it's that simple. Remember the great depression? The companies treated workers horribly because there was 1000 more people that would kill to have their job. That's fair, right? It was capitalism at work! You also mention getting a carrier instead of a job, what once was a carrier will become just a job. I'm an electrician, that may sound like a job to you, but I make OK money. I also had to go to school for 5 years to become a journeyman. That will change, by law you are only required to work X amount of hours and pass a test. There is no limit to how many times you can take the test, so uneducated people can take it until they pass. It's already happening and immigrants will start to take over soon. They already do a lot of the grunt work in some companies. The "turn-over" rate will sky rocket and there will be no such thing as a secure job, it will only last as long as they can't find an immigrant to replace you.
Orlandomon wrote:I work for minimum wage, and dont complain, because I have yet to finish my education. would I work for 2 $ an hr? probably not, maybe because that is not enough to provide our basic needs (food/shelter). would I work for 4? maybe. think about it, if ur in a situation where u have a choice to either work for a low wage, or not work at all and starve? what are u gonna do? I know id rather work for a low wage. economics functions best when left alone, ask any economist (with a degree), 99% will agree.
Hey, well you should work for like $2 an hour. You can't complain, you haven't even finished your education. You don't think that this should apply to you? That's a GREAT decision to have to make, work your ass off to barely make it or starve! I love the sound of it already! Economists are saying that the workers are already getting screwed,
HERE is a link. See, the productivity is way up but wages are not, normally they are in proportion. That's cooperate greed, oops, I mean capitalism at work!
-------------------------------------------------------------
Labotomi wrote:-So we should have a minimum wage which causes companies to pay a minimum price for labor which may not be worth that price.
The worth of labor is determined by what people demand to be paid. Do you think all people should get paid what workers in other countries get paid? That should be the TRUE minimum wage, right?
Labotomi wrote:-This causes a reduction of profit margins for companies which leads to less people being hired or those who are hired will work less hours causing more unemployment and underemployment.
Wrong, a reduction in profit margins merely puts money in the workers pocket instead of the companies. Unemployment will stay the same, GDP will stay the same and profits for the richest people in America will go down. Also, is unemployment the only number thats important? What about the quality of life AKA earnings?
Labotomi wrote:-increases prices for products from companies with minimum wage employees causing them to raise prices for their product sna services therefore causing inflation which leads to less buying power of everyone (especially the minimum wage employees).
It's only because the companies refuse to take a cut in profits, why are we greedy for simply asking for a decent wage but it's fine for them to demand huge profits at the cost of workers?
Labotomi wrote:-Causes more labor to be outsourced to other countries...again causing more unemployment.
This is where it is headed, if we don't lower our standard to those of some worker in India our jobs will be outsourced. I guess I don't need cable, Internet access or a new car. I bet if I worked for $1 it would really help our economy. There's many other reasons, but I can't remember them right now.
Labotomi wrote:I don't have a problem with the minimum wage as it is now since it's been that way for a while, but I wouldn't complain about it's abolishment and I would oppose any increase.
I will never understand this, You see no problem paying people the absolute lowest wage you can, even if it puts them below the poverty level? I know, lets make them all work for food!
Labotomi wrote:It's not only a law against companies paying less than a set standard wage. It's also a law that prevents anyone from being able to sell their services for less than that standard wage. How would you feel if you were willing to do a job for $xx.xx/hour but nobody would hire you because they are forced to pay you more. It's not worth it to hire you for that amount so they don't hire anyone. Who suffers?
Remember that the minimum wage is a poverty level wage. If a company is not willing to pay me enough to be at poverty level the @!#$'em. They can afford to pay more, but that means they would have to wait another year for that Porsche. I guess I'll give up some food and medicine so they can get it, it's only fair, right? How would you feel if a company demanded that you work for $xx.xx an hour and it would mean you couldn't live on that wage? Well, too bad, there are 10 immigrants willing to take your place.
In 2000, the average CEO salary reached an unbelievable 531 times that of the average hourly worker. I'm sure they could do that job for less pay! Oh, I guess that is different. What about CEOs that make huge amounts of money while they screw up left and right. See, the people at the top resist a minimum wage increase because the need to buy their 16 year old daughter a new Ferrari, that's more important than people being able to eat. Honestly, do you really think that these companies can't afford to pay a decent wage?
HERE is a link to a story about outrageously paid CEOs.
Holy huge post Batman!
Edited 1 time(s). Last edited Wednesday, September 20, 2006 3:29 PM
_________________________________________________________________
-There is no such thing as objective journalism, there never was.
-The government is best which governs least.
-The forefathers were not necessarily right.
-Religion breeds self-righteousness.
-Ignoring problems rarely fixes them.
-All men are CREATED equal.
-We DO legislate morality.
-Justice does not exist.
-Rely only on yourself.
-Legalize marijuana.
-Gun control kills!
