Why do people want a $15.00 minimum wage

take your pick its been done in tv shows going back to the 70s that I remember... I think the most recent version I saw was a Dr. Who version... and here is a south park spoof of the spoof of the spoof... I know I've heard folks refer to it as a logic bomb... I don't know if that will help in your search...

[video=youtube;rtDh7FUshxo]https://www.youtube.com/watch?v=rtDh7FUshxo[/video]

ooo or how about classic star trek...

[video=youtube;wlMegqgGORY]https://www.youtube.com/watch?v=wlMegqgGORY[/video]

looks like star trek did it a couple times... this ones sounds like yours...

[video=youtube;G6o881n35GU]https://www.youtube.com/watch?v=G6o881n35GU[/video]

I forgot the most classic one of them all... war games...

[video=youtube;NHWjlCaIrQo]https://www.youtube.com/watch?v=NHWjlCaIrQo[/video]

 

the better question should be...

what happens when we make all jobs $15 an hour... and we make 30 million people legal in this country... now that americans are so expensive, more illegals will flood over the borders and take jobs for $10 an hour when before they were doing it for $5 an hour... so we'll double our problem by making them legal, and new illegals flooding in to do the jobs for a fraction of the cost we're now mandated to pay legal americans... will those newly legal citizens decide to stay in the shadow since they will have a much easier time getting a $10 illegal job, then competing with legals for $15 an hour, when before they were only making $5 an hour...

nobody ever thinks things through strategy wise... the unintended consequences of $15 minimum wage and legalizing all the illegals... will be HORRIFIC for black america... 50% male unemployment will look GREAT in a couple years when it shoots up to 75% or more...

 

He will be worth 15 because millions of people having more buying power can afford an increase in prices. Try checking the price of coffee or anything in Scandinavia. It is much higher than the rest of the world. But that increase in price will not really effect society because they earn more.

- - - Updated - - -

Nope. You have plenty of examples to look at.

 

So his employer, who valued him at $10/hour, will suddenly value him at $15/hour? What makes him more valuable to his employer?

 

HAHAHAH YES thanks so much it was the star trek followed by all of them.

 

so you are admitting then that artificially raising wages actually doesn't improve ones financial outcome because the cost of living also increases
if you give every one a 10% raise with out the market facilitating that increase then the cost of products will also increase there for negating the raise because everything cost more

 

Easy inflation will take care of that and you will be right back where you started getting 10 dollars worth of goods or service for 15 dollars.

 

Is there evidence that any raise will be completely offset by a rise in the cost of living? I imagine that raising one will raise the other, but by how much I do not know.

Some interesting info on the Seattle experiment.
http://www.forbes.com/sites/timwors...-effects-of-seattles-15-an-hour-minimum-wage/

 

Source citation on this? Research I have been looking at states otherwise, but I suspect it is relative to location.

 

Okay, so you have established that raising the minimum wage will increase the workers wage and that that rise will be offset by higher prices in the future. No real gain from that aspect. But what you are forgetting is that the higher wage reduces the burden of debt from things purchased in the past. So even if an increase in minimum wage doesn't help because of increases in future prices, it does help because it is easier to pay the debt from purchases made in the past. With an increase in minimum wage workers will be able to take on more debt and expand their purchasing power, which makes them better off. Each rise in the minimum wage creates a one time bump, by allowing the poor to get in more debt … so it is important to keep raising the minimum wage at least several times a year on average, so the one time bumps keep coming.

The inflation of the money supply might cause interest rates to rise, but that will cause stock prices to come down, which will transfer more purchasing power to workers and less to stock speculators.

So the answer is yes, increasing the minimum wage – at least several time a year – will help workers keep more of what they produce. Also, the minimum wage should be raised at random times by random amounts so that the market never knows when they are coming or how much the rise will be, that way the raises cannot be discounted out (captured) by interest rate speculators. The reason you don't think raising the minimum wage will help the poor working people is because you are not thinking big enough.

By the way, I am playing devils advocate.

 

If an employer values a worker at $10/hour, what will make her value that same employee at the higher price of $15/hour?

 

The increased demand that is facilitated by the higher wages … business people have to buy labor if they want to sell goods. In other words, if the employer doesn't submit to the increase in employee pay, then the employer will miss out on the increasing sales that will follow, in a high consumer demand environment.

Also, I edited my previous reply to indicate that I am playing devils advocate, which I think you missed that note. I like to try and find things that others are missing. just for the fun of it.

 

As you say its all relative . What would suddenly make a service(job) go from 8 to 15 dollars? Its still only worth 8 dollars and if this is done to all jobs it will be reflected in prices in the form of inflation and then it will be worth 15 dollars but you wont get more or better service for it. You will get exactly what you got for 8

 

Inner cities schools are NOT under funded. They actually spend MORE, A LOT MORE per student than most suburban schools. The students in these schools just don't want to learn, because they come from parents who don't stress they need to learn. So they fail, NOT because of the schools. They fail because of THEIR PARENTS. The schools become dangerous because the people in them are basically scum. How can any teacher be excited about teaching kids who would sooner steal from them than learn from them. NO ONE can help these kids, unless their parents care. Their parents don't care, so the students don't care and the schools stop caring. IT ALL COMES FROM THE PARENTS. All of it.

Minimum wage was NEVER designed to take care of a family. NEVER. Its the minimum to live, which means shared resources and living at the minimum. NO CABLE. NO Iphone. No Video games. No $100 sneakers. Get it? The minimum. Certainly don't have FRACKING kids for cripes sake if you're not qualified for anything other than minimum wage. That's just being stupid. No one else gets you pregnant except YOU.

There is one fact that never changes. Giving STUPID people more money won't make them smarter. They just do DUMBER things with the extra funds. WHy? Because they're stupid.

 

you should probably expand upon this a little... when the minimum living wage was created, it didn't factor in things like food assistance, rent assistance, energy assistance, assistance for this that and the other things... so technically this minimum living wage, is TOO HIGH once we factor in all the other sources of income given to people who make these low wages depending on things like if they have children or not greatly tips the scales... I mean someone making $10,000 a year and receiving $30,000 in assistance is hardly a poor person suffering... meanwhile people who don't make $40,000 a year end up spending their own money for all their needs and have less than the person receiving all the assistance!

its a very lopsided world...

teachers in my city of Milwaukee, have almost 6 figures in direct pay and benefits annually... thats a staggering income when you consider the children they teach live in "poverty"... although I think the more correct term is they live in "assistance"... because they are hardly the kids who live in poverty around the world... they live very well... in my travels to other countries, I've never seen people in poverty with air conditioning, satellite tv, cars, microwaves, and in some cases, light bulbs... thats poverty...

 

You are one HILARIOUS mf. You said min wage will cause us to lose our jobs and we'd have nothing left. I gave you a chart showing min wage increases since the inception of min wage since 1938. Our economy has grown significantly.
I asked you, because you say, raising min wage will kill jobs and our economy, why do we still have jobs? We've raised min wage dozens and dozens of time since the inception. Our economy grew by leaps and bounds since the inception of min wage(approx 80 yrs). Our best growth happened in the last 80 yrs.

I've asked, this is at least the 3rd time, how does raising min wage kill our jobs? YOU have AVOIDED answering your claim each and every time.
Just like other threads you make a claim, a question gets asked to support your claim, and you dodge, dodge, dodge, and redirect.
A very telling theme with you.

 

Please, cite your proof. It should not be hard. Perhaps the last 10 -15 yes, but not 50 yrs. The last 10-15, because of the unfair trade agreements signed, not by min wage.
So PLEASE, cite your proof that min wage increases had jobs leave the country for the last 50 yrs.
Else admit, you made it up, or regurgitated RW BS.

- - - Updated - - -

Why not $0.01, or $0.05, or $1.0?

 

This is why national minimum wage restrictions are flat out stupid.

Immigrants to this country provide for themselves, and send billions a year back to their home countries. There are tons of studies showing that these immigrants are dragging the mean wages down. How can they be earning wages at the bottom of the range, yet save money after living expenses. I think we have placed artificial luxurious minimums in the "should be able to support themselves" argument. I have lived on 325 per month in my life. It's not fun, and you want it to be temporary, but why "should" anyone be entitled to any minimum?

Only in the most inelastic of markets are you going to infringe upon profits when increasing wages. If you want everyone to have a collective minimum quality of life, you are either going to subsidize through taxes or price increases. Market based wages and prices is most effective. We currently do not have a culture that can motivate itself with both a high floor and high ceiling.

 

I won't disagree with anything you said. But I still don't see the argument raising min wage will cause jobs to leave the country. I knew when those unfair trade agreements were signed in the 1990s that the labor rates would fall. How far and how fast do we let them fall? Do we go to less than $1/hr? If the average wage in the US is $1/hr, were does that leave most of the country? How do we grow the economy?

 

If your sales don't fall off and you eliminate a worker, you are placing extra burden on your other workers. They may or may not be able to handle it. It could cost you business. So sales drives your number of workers, not just your salary outgo.

2006 was near the end of the greatest housing bubble in history. The bubble was set to burst no matter what.

 

NO, that's just your ignorant assumption. 1. Not everyone wants to be a burger flipper. There are still those who have the desire to lead. I suspect their wages would increase, perhaps not at the same rate. But you still have those that have the desire to lead.

Maybe

Because they like the power, the prestige, the honor of being the boss. And they have the skills to be there.
You all sell people short.

- - - Updated - - -

What made his value be $10/hr? Everything is relative.

 

Just look at all the min wage increases for the last 80 yrs. You will find your logic completely flawed.
What unintended consequences have we had since the min wage was introduced? What are the consequences of each and every min wage increase?
Why has our economy flourished since 1938?
I suspect like all your brothers who can't answer those questions, neither will you.

- - - Updated - - -

Why not be adult and go through our posts. See exactly where I said I want to over pay someone.

 

Same is true going the other way. Pay labor $.01/hr. Where will prices go of products? Where does the value of your house go? When no one can afford to buy any houses?
What happens when people are starving? Will they steal?
Will taxpayers have to support them in jail. 3 squares and a roof over their head? How much does it cost per person who is in jail?

 

Go the other direction. Deflation. What happens when no one will spend a nickle today, because tomorrow that nickle will be worth a dime?
The whole thing collapses. That is why the target inflation is the hidden tax of 3%. And yes, inflation is a tax. And deflation is a run away nightmare.

 

The devil keeps things in perspective.