ElRenoRaven
Member
Yea now that's way way too far the other direction. I can get behind 10 or 15 but 25 is just beyond crazy.
We'd have burger flipping robots by the end of the month.
Yep. And those auto ordering machines they have in Europe.
In all seriousness though, a gradual move could be absorbed quite well. But the suggestion that local limits should be allowed as well as regular increases for inflation adjustment makes sense to me.
Anyone else think one potential consequence to such a sudden increase would be a spike in demand for minimum wage jobs, resulting in the unemployment of those who need it most?
I imagine a good number of "business professionals" would take a pay cut from their higher salary for a lower stress, 40 hour a week job that paid $26 an hour. I'd certainly think about it.
That's crazy. Small marginal increases in minimum wage aren't going to hurt the economy or cause mass unemployment, but doubling it would have a huge ripple effect.
Oh, Barbara Lee. There you go then. She's the Berkeley rep.
There's have been lots of studies. Some show a negative effect, some show none, some even show a positive effect. But I'm fairly certain all these studies look at small increases.I'd like to see them try, just to see what happens.
Is there any way to calculate, as objectively as possible, what constitutes a raise in min. wage that is both marginal enough to not hurt the economy/employment rates, and substantial enough to positively effect poverty/standard of living? Have there been any studies done on this?
It seems to me that both sides on this issue have a point (unemployment vs poverty), but no one can agree on where to set it.
"Merit" is too close to "deserve" for my tastes.
I'd like to see them try, just to see what happens.
Is there any way to calculate, as objectively as possible, what constitutes a raise in min. wage that is both marginal enough to not hurt the economy/employment rates, and substantial enough to positively effect poverty/standard of living? Have there been any studies done on this?
It seems to me that both sides on this issue have a point (unemployment vs poverty), but no one can agree on where to set it.
Anyone else think one potential consequence to such a sudden increase would be a spike in demand for minimum wage jobs, resulting in the unemployment of those who need it most?
I imagine a good number of "business professionals" would take a pay cut from their higher salary for a lower stress, 40 hour a week job that paid $26 an hour. I'd certainly think about it.
"Take that Seattle, CA rep wants $26/h minimum wage"
We won't take it because it IS crap. Not going to fly and not going to pass. This is ludicrous.
Is there any way to calculate, as objectively as possible, what constitutes a raise in min. wage that is both marginal enough to not hurt the economy/employment rates, and substantial enough to positively effect poverty/standard of living? Have there been any studies done on this?
Oh, ho, ho. Look at you trying to distance yourself from Berkeley.It's Berkeley, they're all high.
And then college enrollment tanks and we get even dumber.
There's have been lots of studies. Some show a negative effect, some show none, some even show a positive effect. But I'm fairly certain all these studies look at small increases.
This comes up over and over, but the thing people have to understand is this:
You are not paid based on how back-breaking, dangerous, or unpleasant your job is.
You are paid based on how hard you are to replace.
If your job can be done by any random person on the street, then you are easy to replace. Therefore you won't get paid a lot. If minimum wage goes up enough, then you WILL be replaced by a robot, if the robot costs less than you.
For example, being a janitor is an unpleasant smelly hard job. But janitors don't get paid a lot, because it takes no special skill to be one. It's probable that within a decade or two, we won't need janitors at all, especially if it costs $26/hour to hire one.
Similarly, if what you produce with your job is not valuable enough to society, then if minimum wage goes up enough, that job will simply disappear.
The reason that getting years of schooling tends to increase your pay, is that if you studied the right things, those skills you earned tend to make it harder to replace you.
The flip side is if everyone goes to school, and gets those same skills, then those skills are worthless in making you hard to replace. Likewise, if you picked the wrong thing to study -- something that doesn't make you harder to replace -- then you wasted your time and money.
So don't waste your time in school studying things that don't make you harder to replace. And don't waste your time in school studying things that anyone else can easily learn. An easy to earn degree is not worth the paper it is printed on.
No amount of minimum wage government regulation is going to change the fundamental truth about the way the world works.
Thats not really true
Economists were polled for the above graph.
The problem with the propsed 26 dollar hike is that it is much too drastic and you really wouldn't see the benefits of a minimum wage increase (increased demand) before you destroyed businesses.
Couldn't agree more.
That doesn't conflict with anything I said. There HAVE been studies showing a negative substitution effect. Experts just aren't convinced that this evidence is compelling enough to to outweigh the positive income effect of those who are working and earning more money. Essentially you may be displacing some people, but after factoring in the people who keep their jobs and are getting a raise, we aren't too worried about the displacement. That's basically why I have no problem with this policy. Any negative effects are going to be confined to the lower classes anyways, if they even exist.
I sad it wasnt really true because you slightly miss-characterized it. Most studies show a zero to positive effect while some show a negative effect.
That was just an illustration. Most minimum wage jobs involve menial tasks requiring no intelligence, and do not merit $27 an hour
And this is the problem, "derp person isn't a genius so they can't get a high paying job, derp, therefore he or she doesn't deserve a living wage derp, even though they have a high stress job, that demands a lot physically and emotionally derp"
This comes up over and over, but the thing people have to understand is this:
You are not paid based on how back-breaking, dangerous, or unpleasant your job is.
You are paid based on how hard you are to replace.
I'm pretty sure most people get this. Seems like an is/ought error here.
Scratching my head here. Where did I make that statement?You think we should pay people based on how physically demanding their job is?
Scratching my head here. Where did I make that statement?
I was asking you a question. Why do you answer a question with a question?
I was asking you a question. Why do you answer a question with a question?
Why do you?
The type of question you asked, and the way you worded it, makes an implicit suggestion that I stated something. I was asking where you got the impression I had stated that.
There are many possible ways to determine what's actually fair to pay someone. In the real world we have a bizzare mishmash that's based in varying amounts on: regulations, market forces, personal assertiveness and attractiveness, skills, office politics, management competence, and plenty of other things.
That it is that way is not the same as saying that it ought to be.
At the end of the day though, at least with the current state of affairs we have a decent objective mechanism for how people get paid. If we start giving into something like "fairness", everyone's going to be coming with their hands out. Everyone always like to think that they are doing some incredible work, that they are underappreciated and really should be valued more by society. Reality tells us that this is usually BS. Fairness can be a good concept but its usually abused and a codeword for jealousy and bitterness. You (or somebody else) might think that the burger flipper should make $15 an hour. I think they should make $10 hour. It comes down to a difference in opinion. At least the market sorts that out for us.
At least the market sorts that out for us.
too bad the labor market is a monopsony, meaning that the market wage for workers is depressed.
Yes, but that's not really a response. If someone says "it would be more fair to make $xyz" and you say "well the market says they should make $abc" you haven't actually addressed their argument. Pointing to the market result and calling it fair is begging the question.
I'm not convinced the low-wage market (affected by the minimum wage) is a monopsony.
Because you can't address their argument. It's a subjective preference. They just want more money in their pockets, or to improve their conscience.
That almighty comma
And then college enrollment tanks and we get even dumber.