Would you support a $15 an hour minimum wage? (user search)
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  Would you support a $15 an hour minimum wage? (search mode)
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Poll
Question: Well?
#1
Yes (D)
 
#2
No (D)
 
#3
Yes (R)
 
#4
No (R)
 
#5
Yes (I/O)
 
#6
No (I/O)
 
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Partisan results

Total Voters: 68

Author Topic: Would you support a $15 an hour minimum wage?  (Read 2687 times)
freefair
Jr. Member
***
Posts: 759
United Kingdom


WWW
« on: November 20, 2013, 05:30:58 PM »
« edited: November 20, 2013, 05:39:18 PM by freefair »

I'm just waiting for freefair to quote Supersonic and Cassius, and we'll have about a third of the UK presence on this forum voting against a minimum wage, putting them amongst the sizeable 4% support it receives in actuality.

I'm not against minimum wages or reasonable increases in them, but $15 is about £9.32.
Speaking as an Economics majoring student (thus I'm in a position where this is required knowledge), and someone who is on the minimum wage and knows they don't deserve more, that's a risk in terms of both inflation, tax revenue, supply and demand equilibrium, and unemployment.
Economically it that doesn't make sense- you've got to have some inequality in order to justify the existence of more difficult, specialist, demanding or skilled jobs. Raising it to $9 an hour would be a lot less damaging,
I'm not Ideologically inflexible.
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freefair
Jr. Member
***
Posts: 759
United Kingdom


WWW
« Reply #1 on: November 20, 2013, 05:40:33 PM »

You misunderstand the left-wing interpretation of what business is for. To some, it exists solely to provide jobs for people, not to make a profit. Therefore, no minimum wage increase, no increase in regulations and no reduction in working hours will ever be too much, as the business exists solely to provide social security to its employees (unless their evul managers and scabs, in which case they can go to hell).

What they forget is that efficiency, technology and cost-limiting prioritization are at the heart of incredible modern productivity.
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