by Sixstrings » Sat 06 Feb 2016, 01:29:06
$this->bbcode_second_pass_quote('wildbourgman', 'S')ixstring's, first of all $15 is an arbitrary feel good number. Wage's are dictated by productivity of the worker, the labor market and the proposed jobs profit potential. No government fiat can change the fact that the real minimum wage is always zero in a free society. In countries that still have slave labor I guess you could go into a negative minimum wage territory.
$15 is the number. Not a penny less, not a penny more. People come back and say "well why not just say $100 an hour, or a million dollars an hour?" As if that's a refutation.
The answer: because even $16 an hour is too much, for minimum. $15 is just right, for a minimum wage in 2020 (that's when it would be in effect, if passed today).
That would force walmart to pay their workers just enough so they wouldn't qualify for foodstamps and medicaid -- thereofre saving the GOVERNMENT, taxpayers, money.
This is a CONSERVATIVE idea. It's about BUSINESS paying its own labor cost, NOT government. It's about government cutting costs -- shifting that burden of paying labor, BACK onto business.
$this->bbcode_second_pass_quote('', 'I')'m not for an arbitrary minimum wage at all, but since we have one it should always be less than prevailing wage in order not to have regulation price labor out of the market. Another idea would be to have the minimum wage tie directly to inflation but two things would have to happen. First workers and employers would have to be willing to adjust wages periodically which would suck if your getting paid less this month because of deflation results. Also the same folks in government that want the minimum wages to increase are the ones that hate to admit it when we have inflation due to their currency manipulation.
This thing about Republicans not raising the minimum wage anymore, is relatively recent. Like the last 10-12 years ish. Before that, they'd always delay it a bit but they'd never make a huge fight over it, and never block it completely. They used to just raise this thing, every five or so years. That's how's been since the 1970s, up until like ten years ago.
This is my recollection, anyhow.
So that's just my opinion. I'm like a small c conservative. I like things to stay the same, how they always were, and if there's no good reason for it to change then don't change it.
They ought to get back to raising the min wage every so often.
It hasn't been raised in so long that $15 is the right number.
Wildbourgman, the inflationary arguments you're giving are not true -- dollar is strong right now, oil is so cheap. That's more deflation. The economy actually needs a bit of main street economic inflation of wages and economic activity. It needs growth.
The argument you're giving, is the same thing Republicans told John Kennedy back in the 1960s. "We can't pay a buck ten an hour, that's radical, that's inflationary." And finally it got raised, and it wasn't the end of the world.
Now.. inflation DID become a problem under Nixon, Ford, and Carter and the beginning of Reagan.. but that's not where we are at, today. Again, dollar is overly strong and oil looks like it's deflation or something.
Anyhow -- $15, stepped up over several years, it's not radical.
There's too much poverty in some parts of the country. Like that Bernie Sanders video. A "feel good" min wage of $15 would have helped that woman who worked 3 part time jobs at $7 an hour. She wouldn't have wound up on social security, maybe.
Raising the min wage fixes so many problems -- it's a conservative idea (I think, anyhow
), because it cuts government costs by shifting labor cost back onto business where it belongs. That's savings in food stamps, medicaid, social security.
IT ALSO BOOSTS the tax rolls, which saves social security.The way things are now -- big corps hardly pay any taxes, and then they pay their working class workers so little that the workers don't pay taxes either, and worse, on top of that they qualify for government benefits. Food stamps. Medicaid.
Earned income tax credits.
Lastly -- if the climate change group wants its carbon tax, then they have to do the living wage first.
P.S. about pegging to inflation -- that's the BEST idea to do, $15 then peg it to inflation then it's a problem solved, forever. That's what Australia did, they pegged theirs to inflation. That's smart government.