Message from @Cody

Discord ID: 514341992071692288


2018-11-20 07:28:48 UTC  

That's more of a labor law issue

2018-11-20 07:29:04 UTC  

"On this day in 1938, a federal minimum wage went into effect under the Fair Labor Standards Act. Congress initially set the wage at 25 cents an hour"

2018-11-20 07:29:17 UTC  

My market value is zero because I have no skills

2018-11-20 07:29:21 UTC  

If the actual market value of the work is $10 and you were forced to pay them $20, you would also have fewer of those unskilled workers employed

2018-11-20 07:29:28 UTC  

And then, they have no job.

2018-11-20 07:29:29 UTC  

Guess I deserve to starve because profit

2018-11-20 07:29:47 UTC  

Many people who are unskilled get their skills by being employed in the first place.

2018-11-20 07:30:03 UTC  

By eliminating someone's worst option, they do not end better off.

2018-11-20 07:30:05 UTC  

But being employed for 10 cents

2018-11-20 07:30:08 UTC  

Wonderful

2018-11-20 07:30:09 UTC  

They just end up without that option.

2018-11-20 07:30:10 UTC  

Love it

2018-11-20 07:30:14 UTC  

Needed a job

2018-11-20 07:30:17 UTC  

All there was

2018-11-20 07:30:18 UTC  

it's the flooding of the market with infinite unskilled labor from the entire world that cannot be sustained

2018-11-20 07:30:20 UTC  

Love it

2018-11-20 07:30:28 UTC  

Wish I had food on the table

2018-11-20 07:30:31 UTC  

You are just spamming now.

2018-11-20 07:30:58 UTC  

You understand that people were able to sustain themselves before minimum wage, right?

2018-11-20 07:31:18 UTC  

Yeah, but today that would be impossible

2018-11-20 07:31:26 UTC  

Because a minimum wage was implemented

2018-11-20 07:31:29 UTC  

the entire sectors of both low and unskilled labor get flooded and unable to handle the influx of people

2018-11-20 07:32:01 UTC  

So the reason we can't get rid of minimum wage is because we have a minimum wage?

2018-11-20 07:32:13 UTC  

Yes

2018-11-20 07:32:18 UTC  

the addition of a class of people that are exempt from minimal wage (because they aren't citizens) though makes legal hiring of citizens a negative

2018-11-20 07:32:19 UTC  

The problem has existed too long

2018-11-20 07:32:24 UTC  

^

2018-11-20 07:32:33 UTC  

Its not fixable anymore

2018-11-20 07:32:47 UTC  

Systems tend to self-correct

2018-11-20 07:32:59 UTC  

Unless people riot

2018-11-20 07:33:11 UTC  

Or all die

2018-11-20 07:33:13 UTC  

they are doing that anyways

2018-11-20 07:33:16 UTC  

For example, black unemployment in the recession year 1949 of lower than in the most prosperous years of the 60s and 70s.

2018-11-20 07:33:43 UTC  

Minimum wage is a forcible distortion and a misstatement of the value of labor in a market.

2018-11-20 07:33:47 UTC  

of course, social programs alleviated the need to work

2018-11-20 07:34:03 UTC  

If you want to hand someone money, you can do so, but a market distortion is simply that: a distortion.

2018-11-20 07:34:07 UTC  

And your not wrong undead

2018-11-20 07:34:12 UTC  

the 60-70s added a lot of incentives to not work, where the 40s had you need to work to eat

2018-11-20 07:34:13 UTC  

I can agree that your right

2018-11-20 07:34:36 UTC  

My problem with minimum wage is that, genereally speaking, if you set a bar, people will rise exactly to the level of that bar

2018-11-20 07:34:36 UTC  

But just becuase your right about that does not mean we should lose the minimum wage