What is wrong with raising the minimum wage?

What is wrong with raising the minimum wage?

it just causes inflation

raises the price of production and the unemployment rate

It causes unemployment because no good businessman will pay his employees more than they worth. And It's a good thing

Wouldn't it be better to lower the cost of higher education? Minimum wage jobs exist for a reason. You're not supposed to be able to raise a family on that.

Looks like you're just asking for a free helicopter ride.

Buisnesses have harder time turning profit. Most businesses major expense is labor, so the biz then raises prices to maintain profit (small biz go out of biz).

Higher Minimum wage is a false hope for votes.

Damn, she'd look really good sucking a BBC.

It's just going to cause inflation and cause employers to have a standard wage, rather than paying Fabio $8 and Jose $7

Oh stfu you mongorel

>Not blond
>Sucking BBC
Pick one

>Wouldn't it be better to lower the cost of higher education?
No. What you want to do is uncap tuition to classic 4 year institutions and promote education in trades/fields with good employment outlook.

I really want to hate minimum wage but dont managers easily abuse low wages because worker supply reacts very inelastic to change in wage because one has to work somehow. Redpill me pls

Sounds reasonable.

This

Wouldn't the more expensive properties by on the water front?

Maybe it's shitty water

If those schools are teaching useless professions. Capping tuition might be a good idea in some cases.

that water is filled with niggers and sewage, you tell me if u wanna be near it xD

That doesn't make any sense. We want useless degrees to be extremely expensive.

It depends where you look the topic from.

From the standpoint of companies, its negative. Why would the employer pay you more money if you dont produce more value. By the way this is why they were jumping to asian countries.

From the standpoint of the government and inviduals its a good thing. People have more money, government gots more tax.

But realy the minimal wage shows the strenght of the country. By the way looking forward to watch what will USA techcompanies do, when they realise if they produce the product in china it means they will get a prohibitive tax on their product. Or they can manage to swalow it, that their 20-80$ worth product will jump to 26-30 or 104-120$ ?

at what cost? at the cost of making useful degrees extremely expensive too?

Keep your retarded fantasies to yourself thanks.

Raising the minimum wage is the go-to argument for shitlibs who - being shitlibs - refuse to make hard choices and want to have decent remuneration for those that don't have the skills or intelligence to make it in the "knowledge economy" or whatever gay term they're using for it, but simultaneously don't want to do anything about legal or illegal immigration.

Then again if they were capable of making hard choices they wouldn't be shitlibs
>"I mean, like, why can't we import millions of people and have unskilled workers that, like, don't need welfare to survive?"

...

>what is Flint, Michigan

>and promote education in trades/fields with good employment outlook
Trade schools are not the classic 4 year schools the leaf is talking about uncapping.

This. Maybe nix the dorms and some credit requirements. "The college experience" in the US seems to amount to binge drinking.

>Inflation
>Robots replace workers
What else you need?

Nothing if you want to pay $17 for a gallon of milk

I agree. What I mean is the same institutions have both useless and useful subjects.

Raise it to $14/hour and give small businesses a break at $10/hour with tax cuts for paying the full $14. Fuck greedy corporations.

Well run businesses pay their employees less than they are worth. If they paid them what they are worth the business itself would never make any money. Raising the minimum wage doesn't cause unemployment unless the increase in wages use all the surplus the employee is creating for the business. At the moment there are incredibly few positions that couldn't take an increase in minimum wage particularly with the incredible increase in productivity America has seen.

>Minimum wage jobs exist for a reason. You're not supposed to be able to raise a family on that.

Except this isn't the '60s/'70s when minimum wage jobs were just for teenagers or university students. Manufacturing has collapsed, and thanks to endless immigration any labour power that unskilled workers might have had has collapsed with it.

Sure education could help, but even for those areas with shortages there are only going to be so many welding/HVAC/whatever jobs going. I feel like "just get a trade" is going to be the new "just go to university" for clueless middle-class middle-aged people that refuse to revise their expectations of the modern economy

Depends on how much you raise it to

It's simple. Companies pay their employees what they think they are worth. If they think their productivity is NOT above the minimum wage, they simply won't hire them.

So raising the minimum wage will cause man people to lose their jobs. Alternatively, if the job cannot be easily replaced, companies might decide to raise prices to compensate for the higher wages. So you get inflation, which nullifies the gains from higher wages.

Essentially, you either cause people to lose their jobs, or they get higher wages, but also have to pay higher for goods and services. There might be some short-run gains, but in the end it's a bad policy.

Based and correct.

The extra money goes to the poorest who will spend most of it. That money circulation will increase demand and jump start the economy. Bush pleaded with Americans to spend for a reason. They can't spend what they don't have.

>we don't make enough money! i can't even find work!
>raise the price businesses and thus their investors have to pay to buy labor
>instead of putting their money into business creation, they put it into existing megacorp stocks, foreign and domestic govt bonds, etc.
you created the 1% and now you're mad about it?

>1 post by this ID

These posts are made to destroy the abundant #pizzagate evidence.

Do not fall for them.

This, i'd pay 100 dollars to blacked just for a scene of her getting creampie gangbanged by multiple black cocks.

>Companies pay their employees what they think they are worth

No, companies pay their employees what they can get away with. And any system where remuneration is determined solely by a ruthless race-to-the-bottom is sociopathic as fuck and should be condemned by anyone that isn't sociopathic, or suffering a touch of the 'tism

That's true, but it only works in the short-run. Eventually inflation catches up, and you are back where you started.

In reality, things are much more complex. Since it raises inflation, it also works as a tax on savers. Also, it can serve as a push towards automation, which hurts low-wage workers.

In the end, the best way to increase the wealth of a country and its people is to raise productivity. Rich countries aren't rich because they have high wages. Instead, they have high wages because they are rich, which means they have high productivity over significant periods of time.

Amazon and McDonalds happened

Inflation has jumped since 1980 and minimum wage has decreased. Do not confuse causation with correlation. Private debt increased as well.

The rich do not contribute as much as they take because they are beyond the point of diminishing returns in their give/take relationship with the economy.

Less profits for everyone else.

> companies pay their employees what they can get away with

More or less. If you work in a competitive industry and know hot to play your cards, you can get pretty much what companies think you are worth.

If you apply to companies A and B, competitors in your industry, and they are willing to pay you about 80K a year, if B offers you 60K, A should logically offer you more because they know you are worth it, and don't want you generating profit for their competitor. They will bid each other until you get what they pretty much think you are worth.

Of course, if you work in an industry with a monopoly, then you have a tougher time, unless you play a key role or know how to negotiate.

>Inflation has jumped since 1980 and minimum wage has decreased.

The minimum wage has increased steadily since the 1940s. What has decreased since the 1980 is inflation-adjusted minimum wage. See pic.

There are many reasons for that, one of the main factors being a jump in inflation during the late 1970s and early 1980s (it hit 10% a year in 1980). This was mainly due to the oil-shocks after the formation of OPEC and government overspending.

It lets the Federal Reserve get away with creating more money up until the new minimum wage is no longer suitable for survival. Its a federal reserve bailout. These crooks should be hanged. we need peasants to run out of money on $7.25/hr and start rioting. Then we can reform monetary policy

The government has no place in establishing any types of wages. It actually isn't even the government's business how much anyone makes. On privacy grounds alone, the income tax is also unconstitutional.

This is the only acceptible answer here

There's little sign that companies aren't paying their employees their fair market share.

Minimum wage has decreased in real dollar value and purchasing power which is what's important.

nothing, if we set it to $40 an hour we would literally have zero poverty.

this

that's why Switzerland has no minimum wage, it's not needed

Enjoy
instagram.com/ari_maj/?hl=en

>Be burger flipper 0 years of experience 0 years of study
>Get paid 10 popzies
>One burger cost 5 popzies
>Be software dev 0 years of experience 3+ of study
>Get paid 20 popzies
>Minwage is 10 popzies
>Minwage is raised to 20 popzies
>Since the min wage has increased for mcburgers to be able to pay the salaries of the people that are paid minwage has to increase the burger price by the same amount
>Burgers now cost 10 popzies
>Software dev who was being paid above the min wage is now minwage, can't afford the same amount of things, his value got DEVALUATED
>Burger flipper who was being paid minwage is still paid min wage, and market has risen up hence meaning he's still paid the same.


Oh my, what's that? Wages jobs that require some studies and experience got devaluated? hehehe, how awful, but think of the poor goy!

because muh shareholders demand that workers work for pennies

Why is it when I try to explain this exact concept to people they never get it.

fucking /Thread

Because in their mind magically the software dev will now be paid 40 popzies and the burger company makes burgers for free and can just rise the wages up for free.


Both won't happen.

Mate, you're deluded. I'm definitely not a liberal. Guess what I support a living wage. Red pill yourself. The majority of minimum wage jobs are owned by share holders, multinationals etc. but I support benefit cuts. Who gives a fuck if grave diggers or burger flippers get paid more and fucking shills get paid less. Just stop immigration and wages will go up naturally without messing with the minimum wage anyways.

cause makes republican jesus babby cry

>what's wrong with government controlled labor market
Commie pls go

It's a cheap trick that doesn't change anything.

>your forbid workers to work for less, affecting their potential scalation
>your fix a price to workforce who isn't dynamic and in line with the market info
>you affect small and medium enterprises. Big ones just move to china or automatize.
>you cause competition to worse, then wages can't raise.

You forgot
>You kill the middle class, and make the poor, poorer, forcing more and more people into being poor an dependent on hand outs, thinking the socialists that got them into this will take them out with more gibs


This is the ULTIMATE political redpill.
The fetish of socialism, the end game of it's filthy marxist sperg and autistic screeching is a world where there is only 2 social classes.
The subhuman and dependent serf class.
The superior, rich and all powerful politician class.

That is why marxist LOATHE capitalism, capitalism offers you power based on how smart and well you can do in the social ladders. This cannot be, as there would be a middle class, and some people might even get into the rich and powerful without being politics.

It doesn't really accomplish anything in the long run. Labour is always going to be worth the same, everything else will adjust itself to whatever the new minimum wage is. It's all supply and demand. What we should be doing is looking at ways to increase purchasing power.