Message from @haahwaaw
Discord ID: 513374403057156099
I still don't buy how a minimum wage is bad as long as it is indexed to the poverty line and an ability to actually live on such an income
Would you pay someone 25€/h for cleaning your toilett?
Every job has a value, if you have to pay more than that, it might be gotten rid of
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.
(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".
No, it can be a loan.
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