The minimum wage has little to no relation to the unemployment PROOF:
http://www.nber.org/papers/w4509 "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.
Nope. You won me over. I want 100K/hr. I'm currently re-advising my head hunter network to adjust my job profile. I owe you one.
you cant refute why raising minimum wage to 10,000 wouldnt work under your logic.
MissMapleLeaf:You still can't refute them
Thanks for admitting that you lied. Not very intellectually honest of you, is it?
The keyboard is mightier than the gun.
Non parit potestas ipsius auctoritatem.
Voluntaryism Forum
MMF,
The reason that no one is posting responses is because you look like a troll. I don't know if that is your intent but that's how you come off since this same thesis has been argued here a multitude of times in the past and much of what you said, like the historical example which I quoted you on, is part of the standard Austrian "orthodoxy", if you will, on economics and world events. For this reason what you're proposing looks childish and reliant entirely upon incredibly faulty economic understanding.
I will give you a genuine response if you actually desire one. Are you willing to engage in actual discourse where both parties accept the possibility of being incorrect about the views which they currently hold?
Yeah, just tell me where I'm wrong
I consider the NBER study to be flawed. Here's why:
In addition to the simplicity of our empirical methodology, several other features of the New Jersey experience and our data set are also significant. First, the rise in the minimum wage occurred during a recession. The increase had been legislated two years earlier when the state economy was relatively healthy and the Democratic party controlled the state legislature. By the time of the actual increase, the unemployment rate in New Jersey had risen substantially and the Republican party controlled the legislature.
The study authors go on to state, "It is unlikely that the effects of the higher minimum wage were obscured by a rising economy." Yet they provide no explanation for this alleged unlikelihood. Clearly not all other things were equal for their study, which is an important caveat to keep in mind for all economic laws.
Oh and later on we find that there were employment gains in New Jersey as well as employment losses in Pennsylvania during the 8-month study period. Again, clearly not all things were equal. I think I can stop here.
You're not replying to our questions. If raiding the minimum wage doesn't create unemployment, why not raise it to $10,000?
As to foreign cheap labor, take it up with the right-wing extremist Paul Krugman:
http://www.slate.com/articles/business/the_dismal_science/1997/03/in_praise_of_cheap_labor.html
How do you know that it isnt the mass industrialization and technological improvements that make it so children no longer have to work (and it is also good that some children work at an early age for expertise), and that work weeks are shorterned.
Moar to come..
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.
If then, we were to abolish all factories in china and burma, what working conditions would arise?
Please answer this question...
It is in the best interest of people in poverty to work where ever they can. Working in a factory may be better than begging or prostitution, it enables them to become closer to independence.
Factory owners must compete to gain labor. That is, the better working conditions, the more people will want to work there. If working conditions become very horrible, then the things being manufactured may be of too low quality or may not even become produced correctly.
“Since people are concerned that ‘X’ will not be provided, ‘X’ will naturally be provided by those who are concerned by its absence.""The sweetest of minds can harbor the harshest of men.”
http://voluntaryistreader.wordpress.org
You can't raise it too much because there's not enough money and that's crazy
Whadda ya mean? Why is it crazy? If we need more money we can print it?
The Anarch is to the Anarchist what the Monarch is to the Monarchist. -Ernst Jünger
Then how do you know that 8 Dollars an hour is not crazy?
If minimum wage is so good, and capitalists are so greedy, then why dont capitalists hire ALL workers for only the minimum wage? If thats the law right?
Apparently capitalists arent taht evil after all if citizens make more than minimum wage.
Since Kelvin decided to call her bluff on child labor, here is the economic study to back Kelvin:
http://eh.net/encyclopedia/article/whaples.childlabor
Please answer to my post above with the 2 videos.
If you dont, you admit defeat right here and now.
Basically the corporations just exploit them and there should be regulation in place to keep the conditions and pay fair.
There is also the good ole argument of supply and demand.
Minimum wage creates labor surpluses (unemployment).
If the wage line is raised, there will become a gap between supply of labor and demand.
Taken from: http://en.wikipedia.org/wiki/Minimum_wage