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Author Topic: We Are Seeing The Effects Of The Minimum Wage Rise In San Francisco  (Read 1386 times)
greBit
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July 14, 2015, 03:33:23 AM
 #21

The whole concept of Minimum Wage is flawed, because it stems from centrally-planned resource allocation. It doesn't solve any problem but only creates new ones. Competition can't be eliminated via decree, it will always find ways of circumvention.

The truth is that in future low-skilled workers will have a very hard time to get any job. Minimum Wage will make the problem only worse, because workers will be more expensive, so their replacement by machines will be accelerated.

ya.ya.yo!

Employment for low-skilled folks would be much higher without a minimum wage.  It definitely doesn't benefit the employer or the customer.  It artificially benefits those that have minimum wage jobs, at the cost of having others unemployed altogether.

Low-skilled/minimum wage jobs should be a steppingstone for people entering the workforce or making ends meet.  People need to better understand that it's not a place to have a life long career.

Its definitely not a place to have a life long career, a person just can't survive for so many years flipping burgers. And that is a much more comfortable job than others. With the inflation and the increase of price, how much would he even get even if his wage is a little high? We all should educate one another and find more creative and effecient jobs which might benefit more! Grow. Don't do the same job for more than 10 years.
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jeffthebaker
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July 14, 2015, 03:45:16 AM
 #22

The whole concept of Minimum Wage is flawed, because it stems from centrally-planned resource allocation. It doesn't solve any problem but only creates new ones. Competition can't be eliminated via decree, it will always find ways of circumvention.

The truth is that in future low-skilled workers will have a very hard time to get any job. Minimum Wage will make the problem only worse, because workers will be more expensive, so their replacement by machines will be accelerated.

ya.ya.yo!

Employment for low-skilled folks would be much higher without a minimum wage.  It definitely doesn't benefit the employer or the customer.  It artificially benefits those that have minimum wage jobs, at the cost of having others unemployed altogether.

Low-skilled/minimum wage jobs should be a steppingstone for people entering the workforce or making ends meet.  People need to better understand that it's not a place to have a life long career.

Its definitely not a place to have a life long career, a person just can't survive for so many years flipping burgers. And that is a much more comfortable job than others. With the inflation and the increase of price, how much would he even get even if his wage is a little high? We all should educate one another and find more creative and effecient jobs which might benefit more! Grow. Don't do the same job for more than 10 years.

Exactly, the idea of the minimum wage isn't that you can make a career doing anything, the idea is that minimal wage jobs allow teenagers a place to start, to move onto better things. Minimum wage shouldn't be elevated to the point where everyone is living luxuriously off of minimum wage, the only effect this will have is increasing the cost of living and destroying small businesses.
greBit
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July 14, 2015, 04:00:37 AM
 #23

The whole concept of Minimum Wage is flawed, because it stems from centrally-planned resource allocation. It doesn't solve any problem but only creates new ones. Competition can't be eliminated via decree, it will always find ways of circumvention.

The truth is that in future low-skilled workers will have a very hard time to get any job. Minimum Wage will make the problem only worse, because workers will be more expensive, so their replacement by machines will be accelerated.

ya.ya.yo!

Employment for low-skilled folks would be much higher without a minimum wage.  It definitely doesn't benefit the employer or the customer.  It artificially benefits those that have minimum wage jobs, at the cost of having others unemployed altogether.

Low-skilled/minimum wage jobs should be a steppingstone for people entering the workforce or making ends meet.  People need to better understand that it's not a place to have a life long career.

Its definitely not a place to have a life long career, a person just can't survive for so many years flipping burgers. And that is a much more comfortable job than others. With the inflation and the increase of price, how much would he even get even if his wage is a little high? We all should educate one another and find more creative and effecient jobs which might benefit more! Grow. Don't do the same job for more than 10 years.

Exactly, the idea of the minimum wage isn't that you can make a career doing anything, the idea is that minimal wage jobs allow teenagers a place to start, to move onto better things. Minimum wage shouldn't be elevated to the point where everyone is living luxuriously off of minimum wage, the only effect this will have is increasing the cost of living and destroying small businesses.

I think if the minimum wage is adjusted to a particular amount, it might benefit both. I don't think small businesses will just collapse if they pay a dollar or two more and I don't think students will really suffer so much if they get paid a couple dollars less too. I think both can grow mutually if they understand the concept of minimum wage better than just think about 'paying/receiving' more
freeyourmind
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July 14, 2015, 06:13:05 AM
 #24

The whole concept of Minimum Wage is flawed, because it stems from centrally-planned resource allocation. It doesn't solve any problem but only creates new ones. Competition can't be eliminated via decree, it will always find ways of circumvention.

The truth is that in future low-skilled workers will have a very hard time to get any job. Minimum Wage will make the problem only worse, because workers will be more expensive, so their replacement by machines will be accelerated.

ya.ya.yo!

Employment for low-skilled folks would be much higher without a minimum wage.  It definitely doesn't benefit the employer or the customer.  It artificially benefits those that have minimum wage jobs, at the cost of having others unemployed altogether.

Low-skilled/minimum wage jobs should be a steppingstone for people entering the workforce or making ends meet.  People need to better understand that it's not a place to have a life long career.

Its definitely not a place to have a life long career, a person just can't survive for so many years flipping burgers. And that is a much more comfortable job than others. With the inflation and the increase of price, how much would he even get even if his wage is a little high? We all should educate one another and find more creative and effecient jobs which might benefit more! Grow. Don't do the same job for more than 10 years.

Exactly, the idea of the minimum wage isn't that you can make a career doing anything, the idea is that minimal wage jobs allow teenagers a place to start, to move onto better things. Minimum wage shouldn't be elevated to the point where everyone is living luxuriously off of minimum wage, the only effect this will have is increasing the cost of living and destroying small businesses.

I think if the minimum wage is adjusted to a particular amount, it might benefit both. I don't think small businesses will just collapse if they pay a dollar or two more and I don't think students will really suffer so much if they get paid a couple dollars less too. I think both can grow mutually if they understand the concept of minimum wage better than just think about 'paying/receiving' more

The issue is that the motivation is misplaced.  Instead of fighting for a higher minimum wage, why not just redirect that effort into learning a skill?  Imagine going your whole life without having any skill, having trouble making ends meet, and doing nothing but complaining to the government or employer about it.

I don't agree that an employer should be obligated to pay "a couple dollars more" because the government insists on it.  What happens is businesses start outsourcing low skilled labour to other countries, and the country loses employment opportunities.  You can already see this for the last couple decades with manufacturing, call centres and IT jobs.
Miracal
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July 14, 2015, 07:09:20 AM
 #25


The issue is that the motivation is misplaced.  Instead of fighting for a higher minimum wage, why not just redirect that effort into learning a skill?


Why don't pay these lads some money to learn a new skill and also get work done from them while teaching them, similar opportunities like interning, actually. But then the education board will question the government why they are offering same opportunities to the people who are paying top dollar to get the same opportunities after study. Maybe reducing tuition fees could be a nice thing that could happen to the world.


What happens is businesses start outsourcing low skilled labour to other countries, and the country loses employment opportunities.  You can already see this for the last couple decades with manufacturing, call centres and IT jobs.


yes, and that leads to tension between the tourists and foreigners who visit the land and the people of the country. The outcome is terrible. After a lot of Indians settling down in Canada, there was a lot of bullying over these Indians stating that these people stole jobs from the Canadians.
freeyourmind
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July 14, 2015, 11:06:45 PM
 #26


The issue is that the motivation is misplaced.  Instead of fighting for a higher minimum wage, why not just redirect that effort into learning a skill?


Why don't pay these lads some money to learn a new skill and also get work done from them while teaching them, similar opportunities like interning, actually. But then the education board will question the government why they are offering same opportunities to the people who are paying top dollar to get the same opportunities after study. Maybe reducing tuition fees could be a nice thing that could happen to the world.


What happens is businesses start outsourcing low skilled labour to other countries, and the country loses employment opportunities.  You can already see this for the last couple decades with manufacturing, call centres and IT jobs.


yes, and that leads to tension between the tourists and foreigners who visit the land and the people of the country. The outcome is terrible. After a lot of Indians settling down in Canada, there was a lot of bullying over these Indians stating that these people stole jobs from the Canadians.

I don't think it's due to lack of education opportunities.  Everything up to high school is publicly funded most places, and in North America, the government will loan money for post secondary.  I wasn't even talking about a formal education.  Even without a formal education there are many ways to have a job that pays more than minimum wage if you have a skill.  (installing drywall, plumbing, flooring, tiles, fencing, interlocking, landscaping, security, etc.)  It takes 2 years to apprentice and become a mechanic and earn maybe 3-5 times minimum wage.

The fact that someone has trouble making ends meet at minimum wage should be enough motivation to get a job where you use your potential, be fulfilled from contributing something and making more money as a result.

I had a minimum wage job for about 6 months when I was 16.  It felt great to get paid, but the job sucked and I wasn't treated well.  I didn't enjoy being there and knew it would be temporary.  That should be enough motivation for anyone to not work in that work environment long-term.  At the time I lived with my parents with all living expenses covered, but otherwise, it would be extremely difficult to get by on that type of money.
kyhacajo
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July 15, 2015, 04:05:21 AM
 #27

Our chancellor (UK) is implementing a £9p.h "living" wage in the next few years. Estimates are 60,000 people going to be displaced from work. You need to realise that people will also want to maintain wage differentials and more wages than just those at the bottom can be pushed up when you set/raise a minimum wage. This can make a business less competitive, obviously, and incentivise a look towards capital rather than labour in the production or service process...meaning those who would be benefiting from the higher wage actually receive no wage and would be better off just getting paid at their market price, because now a machine is doing their job! It's complicated, at least more than loony lefty activists want to make it out to be with their fairness mantras.
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