Finally an article that puts numbers to the argument of Min Wage

   / Finally an article that puts numbers to the argument of Min Wage #51  
It's too early (for me) to take this on full frontal. So ..........

Redistribution is NOT the solution. Since invoking the great war on poverty - we have MORE people in need than ever before. They have been made wards of the state by engendering sloth and an attitude of victim-hood and entitlement. Their numbers are now so high they can control elections and that is why we wind up with the losers we see in the current administration. What these people can't seem to grasp is - THE LIFEBOAT CAN ONLY HOLD SO MANY BEFORE IT SINKS!

To make a side point; It is safe to say, most of us have compassion for the truly needy in society. This is proven by the documented generosity of the American people - FAR MORE than any other country on the planet. GIVING from one's own compassion is a blessing for all. Being ROBBED by government to give to even those who are undeserving is THEFT.

Condemning success is to doom us all to mediocrity.
 
   / Finally an article that puts numbers to the argument of Min Wage #52  
The brand of capitalism that we practice, whatever name we apply, is not pure. We place limits and constraints on almost every aspect of what I bolded above. I believe we do that for the greater good. The extremes, in either direction, relate to the extent to which pure capitalism is constrained, or not, and by what methods.

If I, and I suspect most others, level a criticism against capitalism, I am referring to the current condition of the constraints and methods, not the basic premise of capitalism or free-market-ism as we practice it. It is a matter of degrees. In broad terms, we stir a little socialism into the purity of capitalism to make it mostly palatable.

I am always taken aback when expressing those opinions results in the leveling of charges that I am a socialist, communist or a whatever. I am saddened by the ignorance of those who think, in a largely capitalistic global economy that is currently practicing free-market-ism in overdrive IMO, that what happens in Denmark, Switzerland, or just about anywhere is not relevant. Those places and people are our competitors. Ignorance of your competition is a sure method of failure in capitalism.

Why anyone would think that aspiring to become the world's cheap labor pool by paying less than subsistence wages is a laudable goal, is another mystery.

If real life were "played" like Monopoly the losers--which would constitute most of the population--would be sleeping under decaying bridges hiding from debt collectors. That is not a result that serves the greater good and it is one that we should try to avoid. It is economic oppression. Oppressed societies are not stable. Bad things driven by desperation eventually happen.

Currently, income redistribution is what is keeping many people from sleeping under those bridges. Redistribution is not a one-way street. Many costs are socialized to a greater extent than the resulting benefits are shared. The rising tide is not lifting all the boats.

Within the span of one generation a significant portion of our population is finding economic success difficult to achieve. The causes of that are complex and numerous but one of them isn't that in the blink of a historical eye, they all became lazy no-goods, leeches and "takers."

That narrative, paid for and promoted by some extremely wealthy folks, exists only to make the wealthy more wealthy through cost avoidance measures. They are successfully playing the capitalism game to their utmost unconstrained advantage and the result is beginning to look more and more like the end of a Monopoly game.

Good post!
 
   / Finally an article that puts numbers to the argument of Min Wage #53  
Listen, Big Business, Little Business, it doesn't matter. It is a poor business model to employ unnecessary positions at any wage. Businesses are not charities. Their goal is to make products or provide services that people want and feel they need for the least amount of money and the most amount of profit. The two biggest costs to most businesses are labor and materials. Automating processes to reduce labor costs and reduce waste of materials is vital to a business's survival. Because if you, as a business owner, don't do it, someone else who is hungrier will figure out how to do it for less. That's how the world works. ;)

Well said!:thumbsup:
 
   / Finally an article that puts numbers to the argument of Min Wage #54  
I would like to start a petition here on TBN to abolish capitalism but......first......I need your money! Who's in??
 
   / Finally an article that puts numbers to the argument of Min Wage #55  
I recently did a calculation to see how minimum wage has changed from when I was a teen and it is virtually the same, adjusted for inflation.

Does anyone actually work for minimum wage? I mean, it must be a smallish number. Even the burger flippers get a raise almost immediately.
 
   / Finally an article that puts numbers to the argument of Min Wage #56  
I recently did a calculation to see how minimum wage has changed from when I was a teen and it is virtually the same, adjusted for inflation.

Does anyone actually work for minimum wage? I mean, it must be a smallish number. Even the burger flippers get a raise almost immediately.

I was a garbage collector back in college days.....made minimum wage and it was an "all you could eat" job! :thumbsup:
 
   / Finally an article that puts numbers to the argument of Min Wage #57  
I'm probably going to stick my foot in my mouth for saying this... but one of our biggest problems is the ability of the biggest players in our economy to place their earnings in other countries... BK's purchase of Tim Hortons being the laterst example. That, and this country's deficit are the biggest hurdles we need to overcome.
 
   / Finally an article that puts numbers to the argument of Min Wage #58  
I think I would like to see the terminology changed from "minimum" wage to "supplemental" wage.

Anyone thinking the wage is intended, by itself, to provide a living is delusional. The positions offering this wage are not careers. Small businesses cannot be expected to absorb unrealistic mandated wage increases without cutting back on the number of employees. Many of these mom&pop operations are barely getting by as it is. It seems to me, demanding wage increases that result in unemployment and/or small business failures is contrary to common sense.
 
   / Finally an article that puts numbers to the argument of Min Wage #59  
I'm probably going to stick my foot in my mouth for saying this... but one of our biggest problems is the ability of the biggest players in our economy to place their earnings in other countries... BK's purchase of Tim Hortons being the laterst example. That, and this country's deficit are the biggest hurdles we need to overcome.

You're right, it is a problem. BUT - it's not the "ability" to do this that is the issue ... It's the NEED to offshore money. Our tax rates drive business out of the country. While I think it's a shame, I don't blame the business. Government is out of control.
 
   / Finally an article that puts numbers to the argument of Min Wage #60  
Yet if they make their money here, they should pay taxes on it here, just like the rest of us.
 

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