Topic: Minimum wage. (Read 4816 times)

Right now in a lot of countries, a lot of young people is stuck on their father's basements because they can't leave due minimum wage being extremely precarious, and what can you do if you can get a better job? exactly that, nothing. Just work and stay living your parents until they die and you get the house for yourself. It's a very sad situation. Without a good wage you just can't a full adult because it's impossible to pay for a place for yourself + expenses.

This is what happened when we have income disparity where there is a wide gap between the rich and poor. And no thanks also to the inflation when practically the purchasing power for the wages that we earned every month is getting lesser and lesser. Introduction of minimum is just a desperate short-term solution that doesn't address or solve anything other than delaying the evitable. The far bigger problem on the economic collapse is still there.

I think it depends from the economic and social phase and from overall development in which one country is. In the developed country there is not reasons that can impede the statement of minimum wage. In the poor countries is almost impossible. This because the basic need of everyone are to many and higher compared to the possibilities of payments that can be given by the employers. So the minimum wage which represent the vital minimum might be higher than the highest wage in the country. This make the placement of minimum wage objectively impossible.

Depends too from the economic policies which one country want to follow. There are country which are fanatics of freedom in economy and don't want such rules which limit this freedom.

But depends even from specific factors which can determine if this thing is possible or not. Independently from the phase of development one country is.

About this I can give the example of my country. And we are not to poor. Our GDP per capita is 4,619.2 us dollar. And our incomes level are classified as "upper middle income" according to World Bank. These are data that testify that our life must not be a poor life. There are to many requests from to many institutions and organisations in the country to place the minimum wage. Yet is not made. Because the most of economic revenue come from one specific entrepreneurship called "fason" which work with raw materials that come from out of our country (they give more than 30% of exports compared with the total of exports of my country and have a strong power in economic policies here). In my country is made only the processing work. It is a simple work which don't give to much added value. In this way the revenue created is low. Then after this work the finished product is sold in the country of origin of raw materials or when the foreign owners want. All the prices of all the phases of the work made are stated by the owners of raw materials. When is the time of giving the revenues, being justified from the low revenue assured by the work of our employees they don't give to much. So our owners of manufactory have nothing to do. Their cannot go over a certain level of wage. In this way the wages are defined and no one can "play" with those. There are thousand and thousand people employed in this field of economy here (and are to much more others that wait to be hired). Their wage is under the minimum wage. If our country applies the minimum wage all those employers remain without work. The conclusion can be understand by everyone itself.

yeah it divides people to fight with each other about how much one deserves, while the company owners like a CEO makes a million dollars in an hour sometimes, but giving fixed salary to its employees at 15$ an hour, so there is no potential in job salary increase, and everybody is on fixed salary judging each other on how much money one of them makes.

There might be a problem if minimum wage is under the minimum needed to survive and the state has to pay to keep the workers well.
If we follow the economical logic here, if there is very high unemployement, some people will agree to work in very bad conditions and for a wage not even allowing them to pay a rent. Should all people compete at this level ? A minimum wage should be at least capable to allow everybody a decent living.

Minimum wage must not exist. Is a way of price controls and price controls never work.

if the company not pay the worker smae with the job.
it will be make the worker not seriosly work! and make the worker want out,
 and take a new job with the worthy wage.

hmmmp.. i have many respect from this. why?
cause i feel and have experience about that, i can say like this when i do work very hurd,
but i just have minimum wage or pay. i just accept it with Big heart and be patient.
the wage is not balance with the work, actually the Boss must be respect with the worker.
cause how the worker can be good when they work, if the wage is not balance with their work?

That sounds like the spiel put out by people who have wages exceeding minimum wage.

If you ask me, arguments over minimum wage nearly miss the point entirely. The problem is deep in the core of every system, it's social, psychological, generational, cumulative, global.

There's no easy answer to our problems. Mostly once someone secures a position of 'adequate luxury' these problems tend to fall by the wayside or shift towards conservatism. It's human nature. If your position is secure any change which is perceived to have even a remote chance of destabilizing it is dubious.

Me myself, I'm an idealist. I prefer to think about radical shifts, setting things up which will be better for those alive long after I'm gone. Even if these ideas are difficult to implement, never see the light of day, are ultimately futile. We have the technology to overhaul everything for the better but it remains to be seen if we have the capacity as humans to transcend ourselves.

That sounds like the spiel put out by politicians.
If higher minimum wages result in higher unemployment, it might not be the best strategy.

In 3rd world countries obviously it can't really be helped because of the power and control of the Government.

Part of the problem is there are no new businesses. Used to be if you didn't have brick and mortar handing out hotcakes or whatever the fuck you couldn't make a sale.

Now Amazon will place it at your doorstep in 24 hours. Companies don't take a ton of low yield/high risk wagers by putting locations in the middle of nowhere usa.

Minimum wage question is a double edge sword, because at one point it does protect workers from even lower wages, but also threatens workers with higher wages
from being replaced by a worker that would accept lower wage. In the end it's all about balancing the work market, and lately there's unemployment where ever you turn.

In a time where many of the jobs are replaced with machines, and not enough new types of job to take in extra workers, it seams like the best solution to point
young people to jobs that are requested by the market, and a bit less of letting them choose jobs that already have thousand's of people waiting in line.

 The minimum wage is treatening of employed people. The oppertunity to attain job will be left by these minimum wages..

I think the minimum wage should be increased, because if scaled it will make workers more lazy work

As long as money can be printed out of nothing, the minimum wage can be raised

I'm printing myself several trillions, at mean time I would be glad to raise the minimum wage by $10  

LOL, we can always count on you to dodge the questions that show the complete lack of logic and weakness of your position.

The reason you dodge is self evident.

If the U.S. doesn't up the minimum wage soon then the wage earners will be really, super-duper pissed off.

Astonishingly enough there are millions of U.S. Citizens that prefer abject poverty to 'demeaning' employment.

Good news is they have the right to bear arms over there so they'll have plenty of opportunity to vent their frustrations.

And legal access to guns is nothing, there are tons of old dudes with more guns than they could ever shoot dying every day! That's right, literal treasure troves of guns just sitting around one window break away from a beautiful massacre!  

Nice straw man you've got there.

So I take it you object to laws regulating pollution, minimal safety standards, overtime laws, child labor, beating your workers, and slave labor as well? All of which involve requirements which can involve the initiation of force.