Re: Oh my Gawd! Carly!

On Mon, 28 Apr 2008 06:19:08 -0700 (PDT), MooseFET
<kensmith@xxxxxxxxx> wrote:


Hmm, so the existence of any minmum wage--natural or enforced--means
that all wages are driven to that minimum, and we're all working for
it as we speak.

No that is not what I said. I suggested that the reason to have a
minimum wage was to prevent the majority of people from being force
into poverty.

But only a minority of people make the minimum wage, and many of them
are teens or part-timers, people with other sources of family income.

If someone makes min wage, they are inherently being paid more than
their market value. So pressures exist to replace them: with
automation, by contracting out to foreign countries, by using
illegals.

So, instead of working for below what some politician thinks they
deserve, they have no job at all.

John


.

Relevant Pages

  • Re: War Of The Councils
    ... For the edification of the ignorant, I speak. ... On The Utility of the Underclass. ... An extraordinarily large number of disposable humans scrabbling for any ... job at any wage keeps wages at a lower level than they would otherwise ...
    (misc.writing)
  • Re: 06 Democratic Party Convention Agenda
    ... Almost without exception liberals are wrong; ... Min wage s/b determined by the market. ... Unions greedy, Hugh more greedy; ...
    (rec.sport.football.college)
  • Re: OT: Obamacare, Follow the Money
    ... dudes can come in when there is a shortage. ... That presumes a level of responsiveness to the market by the I.N.S. What ... employers to seek local talent** before recruiting abroad for their US ... There is a certification for paying prevailing wage, ...
    (alt.vacation.las-vegas)
  • Re: RAISE THE MINIMUM WAGE TO $120 AN HOUR!!
    ... > How strong is a small businessman who might want to pay someone to sweep ... > up but can't see paying a high wage for that? ... But the government is part of society and the society runs the economy. ... This in addition to the market mechanism working according to the societies ...
    (sci.econ)
  • Re: Priming the economic pump
    ... If you insist that the wage for fast food workers must ... So what happens is some of those jobs get filled ... Some of those jobs are worth more on the market than others. ... :I think you're describing short term and medium term effects. ...
    (sci.military.naval)