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I presume understanding those sincerely contending a minimum wage rate should not be a federal matter, and I respectfully disagree with them.
I have less or no respect for those stating USA's minimum wage rate laws are government control of wage rates. USA's federal and state minimum wage rates do not determine wage differentials.
Believing otherwise best reveals their ignorance regarding wage differentials, or at worst reveals a psychopathic side of their character. Respectfully,Supposn
Maxparrish, minimum wage rates do affect other wage rates. I stated USA's federal and state minimum wage rates do not determine wage differentials. Minimum wage rates do not determine the extents, (i.e. control the differences) between jobs' wage rates. The words used as verbs, “determine” and “affect” have different meanings.And I have little respect for a poster who flat out states an definitional absurdity; of course a law than mandates a legal and illegal wage rate is a control...i.e. it is an act of wage controls.
And yes, minimum wage rates do affect jobs' wage differentials...that is obvious.
Aberration, all price increases somewhat contribute to inflation, but the minimum rate has not been among the primary contributors to the U.S. dollar’s inflation.Government mandated minimum wages is nothing other than a control of a wage rate. Mandating is control. Inherently. Inarguably.
What wages are above the minimum is going to be influenced by the minimum.
And I have little respect for a poster who flat out states an definitional absurdity; of course a law than mandates a legal and illegal wage rate is a control...i.e. it is an act of wage controls.
And yes, minimum wage rates do affect wage differentials...that is obvious.
Danielpalos, minimum wage rates Without unemployment insurance in place, would be less enforceable when there’s no scarcity of available lower wage workers. Inevitably there’d be occurrences of lower wage rates “rush to the bottom” and (due to the concepts of wage differentials), other wage rates would similarly behave.An unemployment compensation wage rate for simply being unemployed could obviate any need for a statutory minimum wage.
What if, the compensation wage rate for Capitalism's natural rate of unemployment was equal to the alternative cost of social services. In our case about fourteen dollars an hour; would we still need a statutory fifteen dollar an hour minimum wage or would capitalism, "self-balance"?
Danielpalos, minimum wage rates Without unemployment insurance in place, would be less enforceable when there’s no scarcity of available lower wage workers. Inevitably there’d be occurrences of lower wage rates “rush to the bottom” and (due to the concepts of wage differentials), other wage rates would similarly behave.
It’s would be economically net detrimental to eliminate unemployment insurance or the minimum wage rate.
Respectfully, Supposn
An unemployment compensation wage rate for simply being unemployed could obviate any need for a statutory minimum wage.
What if, the compensation wage rate for Capitalism's natural rate of unemployment was equal to the alternative cost of social services. In our case about fourteen dollars an hour; would we still need a statutory fifteen dollar an hour minimum wage or would capitalism, "self-balance"?
Your thinly disguised basic income guarantee has never really been shown to be very successful except in limited scope in the poorest parts of third world countries for limited periods of time. In the last few days, someone here started a thread about an experiment with one time payment in Kenya and I seem to recall there having been a somewhat successful experiment in the dirt poor rural parts of India on a small scale involving rather small sums.
A social safety net of an income of last resort for mere capital Use under our form of Capitalism.
It promotes the general welfare by solving for Capitalism's natural rate of unemployment on an at-will basis in our at-will employment States.
It is actual real world economic phenomena not right wing fantasy of expecting Only the Poor to have social morals for free under our form of Capitalism.
Your "real world economic phenomena" doesn't work.
How can solving for Capitalism's natural rate of unemployment on an at-will basis in our at-will employment States, not work?
The same way your state's inflated wages don't work. Sure it makes you feel superior and enlightened when all you have achieved is create legions of homeless people.
The legal and physical infrastructure already exists in our State. Equal protection of the law for unemployment compensation in our at-will employment State can solve simple poverty at that rock bottom, market friendly cost.
Well with a budget surplus, go ahead and get on that. Texas will welcome your jobs.
Higher paid labor pays more in taxes and creates more in demand.
And Guaranteed Income schemes increase poverty rates and low incomes https://cirano.qc.ca/pdf/publication/2012s-36.pdf
Maxparrish, minimum wage rates do affect other wage rates. I stated USA's federal and state minimum wage rates do not determine wage differentials. Minimum wage rates do not determine the extents, (i.e. control the differences) between jobs' wage rates. The words used as verbs, “determine” and “affect” have different meanings.
Respectfully, Supposn
How can solving for Capitalism's natural rate of unemployment on an at-will basis in our at-will employment States, not work?
Incentivizing people to not work sounds like a terrific idea........
I presume understanding those sincerely contending a minimum wage rate should not be a federal matter, and I respectfully disagree with them.
I have less or no respect for those stating USA's minimum wage rate laws are government control of wage rates. USA's federal and state minimum wage rates do not determine wage differentials.
Believing otherwise best reveals their ignorance regarding wage differentials, or at worst reveals a psychopathic side of their character. Respectfully,Supposn
Maxparrish, minimum wage rates do affect other wage rates. I stated USA's federal and state minimum wage rates do not determine wage differentials. Minimum wage rates do not determine the extents, (i.e. control the differences) between jobs' wage rates. The words used as verbs, “determine” and “affect” have different meanings. ...
Maxparrish, you are you misinterpreting my post to suit your own opinions? I cannot determine what is your opinions? I'm supposing you know your own opinions regarding the minimum wage rate? Are they consistent?So you now acknowledge that minimum wage rate laws is government control of one or more wage rates (a wage control). And second, minimum wage rates affect wage differentials, so therefore they do partially determine the extent of the differential. As no one would ever claim MW rates solely determine the extent of the differential (the gaps between higher and lower paid workers in a work force) one wonders what your point really was?
Seriously, do you even know what your trying to say?
Ashurbanipal, refer to the thread, Minimum wage, a character issue.Why in the world would someone start out declaring their disrespect, and opining on the possible psychopathy of, someone who merely disagrees over either a substantive theoretical point, or some position about the meaning of terms? I suppose I get it if someone declares that they have utter disrespect for Nazis, or serial murderers, or child molesters, or some such--but those people have proven they aren't worthy of respect by their utterly immoral and harmful actions. But someone who disagrees over how to characterize federal minimum wage laws? Pretty hard to see how they would fit into the same boat.
It'd be nice if we'd all recall that it's possible to respect those with whom we disagree, and to respectfully disagree with them. Indeed, it's even possible to go so far as to discuss the substance of the disagreement respectfully.
Respectfully, SupposnMinimum wage, a character issue. That's the essence of personal and political opposition to the FMW rate. …
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