The FAL Files  

Go Back   The FAL Files > News & Political Discussion > Economics & Investing

Notices

Reply
 
Thread Tools Display Modes
Old January 01, 2018, 20:09   #1
RG Coburn
Registered
 
FALaholic #: 27406
Join Date: Mar 2007
Posts: 20,001
I don't like minimum wages because...

...it brings the bottom up closer to those making more than minimum wage. It is a pay CUT to anybody making over minimum. Those making more than minimum are now that much closer to the bottom. There are no automatic scale increases all the way up.So if you say,make $15 an hour,and they increase the minimum by 50 cents,you are now .50 cents closer to the minimum wage. I would be 100% in favor of elimination of it altogether.

https://www.zerohedge.com/news/2018-...8-states-today
RG Coburn is offline   Reply With Quote
Old January 02, 2018, 10:34   #2
clodhopper
Registered
 
FALaholic #: 65715
Join Date: Feb 2012
Location: Out on the Plains, Colorado
Posts: 390
Any reasonable person would agree with you. In addition to the reduction of wage range, it also makes it harder for young people to get into the workforce to gain skills. Generally it only improves the situation for minimum workers for a short period until the inflation, imparted by the raise in minimum, raises the prices of goods and pay for other workers.

Most people only work at minimum a short time and the workers who are consistently working at minimum are still there because they either suck or refuse to accept responsibility, so they deserve to stay there. Raising the minimum only rewards the dregs.
clodhopper is online now   Reply With Quote
Old January 02, 2018, 21:05   #3
yovinny
Registered
Bronze Contributor
 
yovinny's Avatar
 
FALaholic #: 7679
Join Date: Oct 2002
Location: NY transplant to central Illinois, Now in Kentucky
Posts: 5,588
Im no minimum wage advocate, but theirs another edge to that sword...
Someone making federal minimum wage today comes in under poverty level, so they can then qualify and get govt subsidies on top of that anyway.
yovinny is online now   Reply With Quote
Old January 03, 2018, 11:52   #4
cotter
Registered
 
FALaholic #: 23754
Join Date: Dec 2006
Location: Ohio, USA
Posts: 809
Quote:
Originally Posted by yovinny View Post
Im no minimum wage advocate, but theirs another edge to that sword...
Someone making federal minimum wage today comes in under poverty level, so they can then qualify and get govt subsidies on top of that anyway.
I would gladly subsidize someone who chooses to work over a pos sitting on their fat ars eating off an ebt card every day. Should their be a 'minimum wage?' Yes, I think so. Should it be a large number, their 'living wage?' Nope, somewhere inbetween lies the answer.
cotter is online now   Reply With Quote
Old January 03, 2018, 21:35   #5
RG Coburn
Registered
 
FALaholic #: 27406
Join Date: Mar 2007
Posts: 20,001
Quote:
Originally Posted by cotter View Post
I would gladly subsidize someone who chooses to work over a pos sitting on their fat ars eating off an ebt card every day. Should their be a 'minimum wage?' Yes, I think so. Should it be a large number, their 'living wage?' Nope, somewhere inbetween lies the answer.
I can't take subsidizing anybody. Except maybe the military. It doesn't take genius to run mops,rakes or paint brushes. All about motivation.
RG Coburn is offline   Reply With Quote
Old January 03, 2018, 22:38   #6
Black Blade
Registered
 
FALaholic #: 76490
Join Date: Sep 2015
Location: Springville/USA
Posts: 1,218
Minimum Wage in Seattle and some folk printed cards to leave as "tips" for those workers ...

__________________
Black Blade is online now   Reply With Quote
Old January 03, 2018, 00:29   #7
Right Side Up
Old Fart
Silver Contributor
 
Right Side Up's Avatar
 
FALaholic #: 43
Join Date: Jul 2000
Location: Texas
Posts: 6,980
Quote:
Originally Posted by RG Coburn View Post
So if you say,make $15 an hour,and they increase the minimum by 50 cents,you are now .50 cents closer to the minimum wage. I would be 100% in favor of elimination of it altogether.

https://www.zerohedge.com/news/2018-...8-states-today

If I actually got 15 dollars for every hour I worked over the course of my life I'd be a very wealthy man.

I've given far too much time away to people and that's one thing that's come to a screeching halt.
Right Side Up is online now   Reply With Quote
Old January 03, 2018, 09:48   #8
clodhopper
Registered
 
FALaholic #: 65715
Join Date: Feb 2012
Location: Out on the Plains, Colorado
Posts: 390
Quote:
Originally Posted by Right Side Up View Post
If I actually got 15 dollars for every hour I worked over the course of my life I'd be a very wealthy man.

I've given far too much time away to people and that's one thing that's come to a screeching halt.
clodhopper is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 00:58.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
©1998-2018 The FAL Files