3 years later: Seattle 15/h Minimum wage recap

[JahFocus CS]

Church of Latter-Day Randians

 

[CHL]

Increase minimum wage, paid for by the bottom.

Leave minimum wage alone, paid for by the bottom.

Get rid of minimum wage, bottom goes up?

 

[No1]

"actual value"




Truth is the market() has already determined that the value of the vast majority of labor is above the fed min wage. No govt. mandate needed...

Actual value to me = how much money that person/group makes for the employer (there can also be other factors). For example a 1st year associate at a big law firm produces about 325,000+ dollars in value after expenses are taken into account and makes 160,000 in salary. Now obviously I don't think the employee should be paid 300,000. However, the market moved to that price in 2007. It was only due to the lobbying and complaints of employees that the first year salaries have now moved to 180,000 and most employers are doing it reluctantly despite their profits. The partners are taking in more and more money, and do not feel like spreading the wealth. They argue that they cannot afford it, but somehow manage to give themselves a raise every year while laying off associates because they cannot "afford them." You're going to have to do better than vague generalities against me breh.

 

[MalikX]

You guys are idiots

Why should the minium wage be 15? Dollars? Why not 100 dollars? Isnt that more "fair"? Wouldnt everyone get rich?

Of course not, so we should eliminate minimum wage laws and let the market decide. That way fast food workers and other minimum wage earners would get paid more or less depending on their productivity. If they were all productive statistically to the point where they deserved 15/h, the corporations would pay them what they deserve.

Nah breh...that's you.

Most likely you have a degree, a crushing amount of student loan debt, and likely make less than $20 an hour, thus your viewpoint. The entire point of a minimum wage was for all Americans to have a job that pays a livable wage. Not just people who have masters and professional degrees. Everyone. If you have a full time job in America, you should be able to afford housing, food and utilities. If a company refuses to provide livable wages then that company shouldn't be allowed to operate on American soil. FDR pretty much said this in his own words. To argue against raising minimum wage to a livable standard during a time period where the wealth gap is spreading even farther and the rich are hoarding more money than they have in the last 200 years is mind boggling.

 

[Broke Wave]

You sound like an idiot.

Most likely you have a degree, a crushing amount of student loan debt, and likely make less than $20 an hour, thus your viewpoint. The entire point of a minimum wage was for all Americans to have a job that pays a livable wage. Not just people who have masters and professional degrees. Everyone. If you have a full time job in America, you should be able to afford housing, food and utilities. If a company refuses to provide livable wages then that company shouldn't be allowed to operate on American soil. FDR pretty said that in his own words.

I was being sarcastic...

 

[MalikX]

I was being sarcastic...

Thank god breh....My apologies. I can't with people who have that mindset. I just can't

62 people are as rich as 50% of the world's population and there's people out here who think there's not enough money to increase wages. You can argue productivity, value and marketable skills all day but, wrong is wrong.

 

[88m3]

Thank god breh....My apologies. I can't with people who have that mindset. I just can't

62 people are as rich as 50% of the world's population and there's people out here who think there's not enough money to increase wages. You can argue productivity, value and marketable skills all day but, wrong is wrong.

How would you expect these guys that are defending said stance who probably make less than their parents be able to sleep at night?

 

[DEAD7]

Actual value to me = how much money that person/group makes for the employer (there can also be other factors). For example a 1st year associate at a big law firm produces about 325,000+ dollars in value after expenses are taken into account and makes 160,000 in salary. Now obviously I don't think the employee should be paid 300,000. However, the market moved to that price in 2007. It was only due to the lobbying and complaints of employees that the first year salaries have now moved to 180,000 and most employers are doing it reluctantly despite their profits. The partners are taking in more and more money, and do not feel like spreading the wealth. They argue that they cannot afford it, but somehow manage to give themselves a raise every year while laying off associates because they cannot "afford them." You're going to have to do better than vague generalities against me breh.

Competition naturally drives wages down. If the next qualified job seeker is willing to provide that value for cheaper, they will get the job... as they should in my honest opinion.
The workers in the example you gave should unionize if the greed at the top is that big a issue.

 

[DEAD7]

Thank god breh....My apologies. I can't with people who have that mindset. I just can't

62 people are as rich as 50% of the world's population and there's people out here who think there's not enough money to increase wages. You can argue productivity, value and marketable skills all day but, wrong is wrong.

Just do the right thing huh?

 

[DEAD7]

I'm speaking truth

Fixed*

 

[tmonster]

62 people are as rich as 50%

most people don't understand the ramifications of this statement because they are confused as to what money is

 

[MalikX]

Competition naturally drives wages down. If the next qualified job seeker is willing to provide that value for cheaper, they will get the job... as they should in my honest opinion.
The workers in the example you gave should unionize if the greed at the top is that big a issue.

With that logic we should do away with all jobs and outsource everything

 

[Broke Wave]

Fixed*

Nah my breh... as I've stated to you on here many times, and certainly I don't bring that up to condescend you I do respect you, but there is a cost of living priced into the market of various cities... and a bare minimum for rent food etc... and the government covers the rest of the cost of living in foodstamps section 8 etc etc if walmart is paying 7.25

Libertarians do not have a response to that which doesn't involve letting prices for everything drop so that the low wages stretch further

 

[DEAD7]

Nah my breh... as I've stated to you on here many times, and certainly I don't bring that up to condescend you I do respect you, but there is a cost of living priced into the market of various cities... and a bare minimum for rent food etc... and the government covers the rest of the cost of living in foodstamps section 8 etc etc if walmart is paying 7.25

Libertarians do not have a response to that which doesn't involve letting prices for everything drop so that the low wages stretch further

 

[☑︎#VoteDemocrat]

if you're limited to talking about wage floors, you don't care about the middle class.