Message from @Undead Mockingbird
Discord ID: 513374622729764873
It shouldn’t take more than 30 minutes to clean a toilet
No, but I would pay someone $10/hr which is more or less the minimum where I live
push is to 15/h
here in Germany its like 6,5€
An outrageous minimum is one thing, but one that is calibrated to provide a basic survival wage is another
$15/hr makes no sense in some areas and some sense in others
Anyone else sometimes remeber the situation with candid and how the entire skeptic community was cucked?
Like basically everyone shilled for it and sold out
Nope
Having a low federal minimum and then let the states do higher if they want seems to work pretty well
Minimum wage laws are always bad. The purpose of the market is to signal supply and demand.
Most people fail to define or refuse to define what "survival" or "living" is in relation to a minimal wage
Minimum wage laws protects against abuse
If the wage does not reflect the market value of your labor, you are deluding the market.
If you want to give someone free money - maybe. But don't fiddle with the price.
Though also wish to universally raise the minimum wage to no less than 15 USD
(Or alternatively, believe in the labor theory of value)
Minimum wage laws are like messing with the thermometer in order to raise the temperature.
That's the thing, UM. If we provide gov't programs for the poor it's called "welfare".
There is nothing wrong with loans.
I would totally agree to no minimum if we actually did have programs to protect the poor
Debt with no hope to repay? Crushing any chance they have to get ahead?
Sounds like all the bad of student loans with none of the benefits for bettering oneself
Whatever you do, fiddling with supply and demand only skews with price signals.
If you want to put money into people's pocket, just do so.
If the minimum wage is below what one could make in the market, the law is ineffective.
If it's above what one would be paid, it falsifies the supply and demand equilibrium.
All the minimum wage presents is a floor. It's not ineffective if people get paid more than it.
Surprisingly, Norway has no minimum wage
but they have Unions to reduce abuse
Their agreed minimum wage from the unions is equivalent to £21 in GBP
The effectiveness of minimum wage however is entirely based on how well you can maintain an economy with it
our minimum wage is £7.50 btw
It's up to the employee what they are willing to work for.
Minimum wage fucks me up cause I get paid like 5 bucks above it and now it is going to go up and my wage is gunna stay the same
Labor prices didn't just descend into a bottomless pit before minimum wage laws. There is a dynamic in markets that provides a natural floor for any given job.
People being paid more does not mean minimum wage works if there are more negative consequences than positive ones, especially if it does not actually increase spending power by those who work for minimum wage