Minimum Wage laws are RACIST!

Mo Matik said:
Could you elaborate?
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i find it invalid because companies can hire interns at no cost and below entry level positions.

maybe after minimum wage was introduced and there weren't many unpaid internships, then yeah. but in this day, i dont think you can argue gaining a notch for an internship on your resume can have much negative impact. it seems like internships hurt the companies more than the actual workforce.
 
OP, in a time when so few have so much and so many have so little, Why would you want to take away the minimum wage? It's no secrets corporations are doing better than ever.
 
DipsetGeneral said:
At the end of the day, you have to live for yourself and not someone else. Create something and you won't have to worry about minimum wage. Do it yourself and your way!
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While I agree with you, not every working individual is a producer. This is why I'm a big fan of finding ways to create multiple revenue streams (side jobs etc.).
 
zapatohead408 said:
OP, in a time when so few have so much and so many have so little, Why would you want to take away the minimum wage? It's no secrets corporations are doing better than ever.
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An assumption people make is that any progress made has to be a win-loss. Either the workers win and the Corp loses, or the Corp wins and the workers lose. But this isn't the way things work. This is why people think raising the min wage is good. The impression is that the money will go from corporate profits to workers. Corps lose, workers gain. But that's never how this turns out.

Let's take a simple example. All of a sudden, God forbid, you're diagnosed with diabetes. You now need to pay for expensive drugs for the rest of your life. But you look at your current budget and expenses, and you note that if you don't make any cuts in your spending in order to accommodate these new expenses, you will have to go into debt and eventually declare bankruptcy. What do you do? Well your going to make the cuts you need to make.

In the same way, people think we need to raise taxes on corporations. They don't realize that your just increasing the operating costs of the company, and those costs will be recouped by cutting workers pay, workers benefits, and workers themselves. If corps simply accepted the reduction in profits, they would be fired from their positions by the share holders who only care about the bottom line. It's the exact same story for raising min wage, as exemplified recently in Seattle.

[Video][/Video]
 
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ELJEFE said:
I hate the argument about paramedics who make $15/hr. How they "save people's lives" Maybe they need to pay their workers more, but why compare being a paramedic to a "burger flipper". If they are in up in arms about being paid so less why not go and become a nurse and make $50+/hr. Or if they are comfortable at 15/hr go apply at in & out burger.
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I make this argument on FB all the time.

Folks would rather create separation from the perceived lower class then question the 'above', not realizing they are on the same sinking boat.

This is why people think raising the min wage is good. People see corporate profits falling and workers gaining, but that's never how this turns out.
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opposite day?
 
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jthagreat said:
ELJEFE said:
I hate the argument about paramedics who make $15/hr. How they "save people's lives" Maybe they need to pay their workers more, but why compare being a paramedic to a "burger flipper". If they are in up in arms about being paid so less why not go and become a nurse and make $50+/hr. Or if they are comfortable at 15/hr go apply at in & out burger.
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I make this argument on FB all the time.

Folks would rather create separation from the perceived lower class then question the 'above', not realizing they are on the same sinking boat.

This is why people think raising the min wage is good. People see corporate profits falling and workers gaining, but that's never how this turns out.
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opposite day?
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Truth. People get up in arms about raising the minimum wage because they don't think people in low skill jobs shouldn't be getting paid the same or more than them. They never actually stop to think that THEY are being short changed as well.
 
false
WhatCanISay said:
Don't know those feels.

Had a job under a week post-graduation with 2 paid summer internships under my belt, Cum Laude in my Civil Engineering academic transcript and 15 graduate credits for my MSCE completed.

Good old fashioned Hard Work can go a long way.
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Empathy and understanding has never failed anyone.

Remember that.
 
Took a year off after highschool and interned for free, the 9 months of work experience before stepping foot in college has taught me more than any university ever could.

Graduating in 4 years without any work experience is foolish
 
Why would anyone bust *** in a fast food resturant when they can make the same at a local bookstore doing next to nothing?
 
Dathbgboy said:
Truth. People get up in arms about raising the minimum wage because they don't think people in low skill jobs should be getting paid the same or more than them. They never actually stop to think that THEY are being short changed as well.
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Do you think this is why I made this post? Again, the argument is that minimum wage is bad for young people trying to get into the work force.

Regardless, let's take your argument to it's logical conclusion. Do you think everyone should be paid the same wage?

jthagreat said:
opposite day?
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I think I should've been more clear. I meant that, people think that the money required for raising the minimum wage will come from corporate profits- when it never works out that way.
 
In all reality, paramedics need to step their game up to become a fireman. I guess there is a reason why they only make $15/hr. Tbh I ain't even mad they make so much less than what the public thinks they should be making. they aren't doctors, they aren't nurses or firemen.
 
WhatCanISay said:
jthagreat said:
false
WhatCanISay said:
Don't know those feels.


Had a job under a week post-graduation with 2 paid summer internships under my belt, Cum Laude in my Civil Engineering academic transcript and 15 graduate credits for my MSCE completed.


Good old fashioned Hard Work can go a long way.
Click to expand...


Empathy and understanding has never failed anyone.


Remember that.
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Agreed, although redundant.​

If you're implying I lack either, due to my post, it may seem like you lack empathy for the things mentioned in my post.

It goes both ways.
Remember that.
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Although similar, they do not share the same meaning.

You stating, "Good old fashioned Hard Work can go a long way," makes me believe you are unaware of this. Never mind the credentials you shared.
 
mynameaintG said:
i find it invalid because companies can hire interns at no cost and below entry level positions.

maybe after minimum wage was introduced and there weren't many unpaid internships, then yeah. but in this day, i don't think you can argue gaining a notch for an internship on your resume can have much negative impact. it seems like internships hurt the companies more than the actual workforce.
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I talk about this on post #19. Unpaid internships don't pick up the slack produced by minimum wage because there is too much red tape and risk involved on part of the employers. But if we took away the weird regulations we have for unpaid internships, and made it explicit that it's about experience- not about getting a paying job immediately following the internship- then maybe they could make up for minimum wage laws.
 
ELJEFE said:
I hate the argument about paramedics who make $15/hr. How they "save people's lives" Maybe they need to pay their workers more, but why compare being a paramedic to a "burger flipper". If they are in up in arms about being paid so less why not go and become a nurse and make $50+/hr. Or if they are comfortable at 15/hr go apply at in & out burger.
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and what about teachers? They should all get their doctorate right?
 
Slighted said:
 
How will we do this?

People demand more $ > corporations find loopholes to move outside the US > people lose jobs / spending decreases > economy takes a hit
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I'm not saying I know the exact solution to the entire problem, but the government needs to figure out how to maintain and even bring jobs back to the U.S. Cheap, unethical labor only helps to line the pockets of already wealthy corporations. 
 
Raise wages for all jobs (skilled and unskilled), wait for inflation, and watch the situation remain the same.

I like how the title uses racism as a buzzword.
 
RustyShackleford said:
Enters..............Sees Milton Friedman................Leaves thread
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Geh! That's not the response I expected from Rusty Shackleford :lol:

boxer15 said:
I like how the title uses racism as a buzzword.
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I mentioned that in the original post. Obviously I wanted to attract attention. But even then, the claim isn't totally unwarranted. The economists in the videos I posted argue that minimum wage is racist law- not in intent, but rather in effect. They argue that minimum wage has been very detrimental to the black community, and the statistics support that argument.

View media item 1801541
View media item 1801558
 
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Mo Matik said:
zapatohead408 said:
OP, in a time when so few have so much and so many have so little, Why would you want to take away the minimum wage? It's no secrets corporations are doing better than ever.
Click to expand...

An assumption people make is that any progress made has to be a win-loss. Either the workers win and the Corp loses, or the Corp wins and the workers lose. But this isn't the way things work. This is why people think raising the min wage is good. The impression is that the money will go from corporate profits to workers. Corps lose, workers gain. But that's never how this turns out.

Let's take a simple example. All of a sudden, God forbid, you're diagnosed with diabetes. You now need to pay for expensive drugs for the rest of your life. But you look at your current budget and expenses, and you note that if you don't make any cuts in your spending in order to accommodate these new expenses, you will have to go into debt and eventually declare bankruptcy. What do you do? Well your going to make the cuts you need to make.

In the same way, people think we need to raise taxes on corporations. They don't realize that your just increasing the operating costs of the company, and those costs will be recouped by cutting workers pay, workers benefits, and workers themselves. If corps simply accepted the reduction in profits, they would be fired from their positions by the share holders who only care about the bottom line. It's the exact same story for raising min wage, as exemplified recently in Seattle.

[Video][/Video]
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[Video]

As far as the diabetes goes, I'm part of a labor union, which means I have healthcare (as well as a pension and other benefits). Conservatives don't support unions!

But ok, I'll entertain that example. Yes, I will be forced into debt unless I make cuts. But what about when those workers now have more money and are able to spend and invest more? If you're worried about inflation, then I don't know what to tell you because there's been inflation, and the minimum wage hasn't been adjusted for it![/video]
 
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Mo Matik said:
RustyShackleford said:
Enters..............Sees Milton Friedman................Leaves thread
Click to expand...

Geh! That's not the response I expected from Rusty Shackleford :lol:
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Arlen don **** wit supply side Laissez-faire economics famb :lol:

I'm a econ MA. While I respect the work of Friedman and the rest of the Chicago school (I mean how could anyone not), and while their theory is rock solid, the assumptions they make to get their results are deeply flawed. IMO

Not only that, they apparent to that school of thought (no shade) love to mix together correlation to causation. Like the increase in minority unemployment might also caused by jobs being shipped overseas, and a bias criminal justice system leaving a black mark on many minorities records.

I don't think acknowledging the elephants in the room mean they disappear.

The worst is that lets be honest that entire department is was just made up on conservatives that seemed to be convince the the bottom line of a corporation was the most important thing ever.

Their research was used by conservatives to argue in favor of segregation, against affirmative action, against unions, against anti discrimination laws, all under the assumption that the market will justly punish exploitative/racist/sexist firms. And history has shown us that has never been the based.

To compound this, the same people that champion these idea is the political realm, the GOP, are also the party that indulge firms in their rent seeking behavior. Giving them monopsony power and further driving down wages.

-I don't support a $15 minimum wage, I would be for cutting corporate taxes under certain conditions, I'm a big fan of the EIC, so I'm not your run of the mill progressive.

But still, we could go back and forth about economic ideas but I believe it would be an exercises in futility. While I appreciate your ultimate deserve to help folk, I just disagreeing with how it should be done.

I just don't trust corporations to behave, and I don't point to economic model to justify that opinion, I point to history.
 
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RustyShackleford said:
Arlen don **** wit supply side Laissez-faire economics famb :lol:

I'm a econ MA. While I respect the work of Friedman and the rest of the Chicago school (I mean how could anyone not), and while their theory is rock solid, the assumptions they make to get their results are deeply flawed. IMO

Not only that, they apparent to that school of thought (no shade) love to mix together correlation to causation. Like the increase in minority unemployment might also caused by jobs being shipped overseas, and a bias criminal justice system leaving a black mark on many minorities records.

I don't think acknowledging the elephants in the room mean they disappear.

The worst is that lets be honest that entire department is was just made up on conservatives that seemed to be convince the the bottom line of a corporation was the most important thing ever.

Their research was used by conservatives to argue in favor of segregation, against affirmative action, against unions, against anti discrimination laws, all under the assumption that the market will justly punish exploitative/racist/sexist firms. And history has shown us that has never been the based.

To compound this, the same people that champion these idea is the political realm, the GOP, are also the party that indulge firms in their rent seeking behavior. Giving them monopsony power and further driving down wages.

-I don't support a $15 minimum wage, I would be for cutting corporate taxes under certain conditions, I'm a big fan of the EIC, so I'm not your run of the mill progressive.

But still, we could go back and forth about economic ideas but I believe it would be an exercises in futility. While I appreciate your ultimate deserve to help folk, I just disagreeing with how it should be done.

I just don't trust corporations to behave, and I don't point to economic model to justify that opinion, I point to history.
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View media item 1801952

Coming from an Econ BA and now working in the corporate world after earning my MBA this year I agree with you on pretty much everything you have mentioned.
 
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