The minimum wage has little to no relation to the unemployment PROOF:
"On April 1, 1992 New Jersey's minimum wage increased from $4.25 to $5.05 per hour. To evaluate the impact of the law we surveyed 410 fast food restaurants in New Jersey and Pennsylvania before and after the rise in the minimum. Comparisons of the changes in wages, employment, and prices at stores in New Jersey relative to stores in Pennsylvania (where the minimum wage remained fixed at $4.25 per hour) yield simple estimates of the effect of the higher minimum wage. Our empirical findings challenge the prediction that a rise in the minimum reduces employment. Relative to stores in Pennsylvania, fast food restaurants in New Jersey increased employment by 13 percent. We also compare employment growth at stores in New Jersey that were initially paying high wages (and were unaffected by the new law) to employment changes at lower-wage stores. Stores that were unaffected by the minimum wage had the same employment growth as stores in Pennsylvania, while stores that had to increase their wages increased their employment."
American businesses have proven that they don't give a rat's ass about figures. They simply want to control lives. It's a new breed since the "greatest generation". It's people who have been brought up on "emotions" during the seventies and eighties, and now, the nineties and naughts have produced a generation that is totally based on lies and cheating, due to the internet.
Employers today only pretend to care about these "profit margins" and "trickle down" economics. They are obsessed with their control, with owning all access to control, and making sure none of us upstarts ever get a foot in the door. They are relentless and vindictive. I've been around long enough to know. Those from today's generation have no choice but to comply, or be out with the rest of us.
Secondly, "in the field", the raise to 9 an hour doesn't truly mean he only makes the employer a one dollar profit margin, because you can't seperate team effort. If you remove a shortstop, a second baseman isn't going to cover the ground, and runners get on base. If you remove a second baseman, the same happens. It's all simply bull crap that any one cog is more important than another. The one making 13 an hour is making more than the 11 that is "assigned" to the unskilled worker.
These "assigned" values are simply excuses with no basis in truth, meant so that some people can be affluent, and others not, meant so that some useless boss who just wears a tie and walks around to be worshipped can make a million dollars. Face the facts. You can fool the young and naive, but you can't fool the educated who have had experience.
There's plenty of good empirical evidence that prove minimum wage laws d ogreater good than bad - Like limited work weeks, workplace safety regulations, child labor laws, environmental protections, guaranteed union rights and so on, minimum wage statutes limit the ability of corporate entities to abuse and oppress their employees, communities and environments.
If you want to see what the workplace can be like absent such guarantees, regulations and protections, just look at places like burma today and china a decade or two ago. factories as virtual prisons. corporations employing thuggish militias. massive ecological damage. workers making just enough to live 10 to a room in abject poverty.
The problem is that you can't control all variables in economics.
Why not increase the minimum wage to $100 if this is the case?
well thats good we should raise it to $10,000 an hour that way we would only have to work part time and thus free up employment for the unemployed. You solved the answer for full employment!
Well the minimum wage should be raised I agree
What should it be raised to?
yep. we agree and it should be raised to 10,000 an hour so employers stop exploiting the working class. The working class deserves wages so that they provide basic human rights for their families. We need to set a max working hours too to prevent people from taking advantage of the system and keep greed out of it. So people will only be allowed to work 5 hours a week.
"If you want to see what the workplace can be like absent such guarantees, regulations and protections, just look at places like burma today and china a decade or two ago. factories as virtual prisons. corporations employing thuggish militias. massive ecological damage. workers making just enough to live 10 to a room in abject poverty."
I mean, it only makes sense. Once employees begin getting paid $10,000 per hour, they can then use their money to stimulate the economy, and the circular flow continues and the economy grows.
The minimum wage is discriminatory against low skilled people with little job experience, who are usually racial minorities and young people. Lets say that the minimum wage is £10 an hour, why should I hire some kid with no skills and experience, when I could hire someone with previous experience and skills for the same price?
If me, as an employer, and this kid (who has no previous experience and skills) could come to a voluntarily agreement, where I agree to pay him a lower-wage for a certain time period, while he’s learning on the job, I’d give him that job. Once he’s got skills and experience, which raise his productivity, I’d increase his wages. Why should I increase risk by employing useless people for a wage that won't match their productivity?
I thought you were banned, Kylio.
Nevermind, either she's not Kylio or she's at least going to play nice now.
The keyboard is mightier than the gun.
Non parit potestas ipsius auctoritatem.
$10,000 an hour? I'm not falling for that, you capitalist scum. It took me 10 minutes to attach the side mirrors to a car which sold for $50,000. In order to get the full product of my labour, I should be paid $300,000 an hour.
you socialists just dont understand economics. Obviously side mirrors shouldnt sell for 50k. Price ceiling! helllllooo?! Free markets work they just need a little tinkering.
You guys make jokes, and refuse to refute my points and arguments. Just think about history when conditions and pay were terrible, or in foreign countries where there are sweat shops and cheap or child labour
They aren't your points. You copy and paste comments from imdb.
You still can't refute them