Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

If the government can arbitrarily set the minimum wage?

Why not set it at $20.00/ $50.00/ or even $200.00 an hour?

Wouldn't this improve the lot of the poor and lower working class?

To what degree should the employer be able to determine the value of labor?

 
Anonymous

Asked by Anonymous at 1:18 PM on Feb. 11, 2010 in Politics & Current Events

This question is closed.
Answers (16)
  • It doesn't matter what people "need" in terms of survival. The issue is if it is a viable solution for the government to declare a minimum. Doing so does not work. It unbalances the economy and makes everyone worse off. The people who don't lose their jobs end up doing 3 times the work for the same amount of money to make up for those who were fired. Those who were fired cannot find a job, and that means they cannot get experience to find a better job. Prices go up, negating the raise the ones who weren't fired receive, and ensuring those who are fired end up on public assistance. All the way up, everyone who makes more than the mandated minimum pays higher prices for everything, and also take on more work to make up for the trickle effect from those who were fired. The market has to set the wage for the economy to work.
    NotPanicking

    Answer by NotPanicking at 8:44 PM on Feb. 11, 2010

  • this makes NO sense. it is not arbitrary it is based on cost of living
    sati769leigh

    Answer by sati769leigh at 1:23 PM on Feb. 11, 2010

  • The current min wage meets the cost of living in your area?
    Anonymous

    Answer by Anonymous at 1:24 PM on Feb. 11, 2010

  • The very existence of a minimum wage is a drag on the economy. It forces employers to pay more for a position than it is worth. As a result, they are less and less inclined to hire low or unskilled workers to fill those positions, they eliminate jobs to pay for the ones they must pay at the artificially inflated rate, and more people end up out of work. In the meantime, prices go up across the board to help pad the costs for companies that cannot function with an employee cut, and as companies go out of business when price increases fail because it makes goods cost more than THEY are worth (reducing supply even more). Raising the minimum wage to $20/hr would increase our unemployment to above 50%, we would implode. The dollar would become worthless, banks would go insolvent, and the government would default on the national debt.

    Everyone who wants the minimum wage increased always assumes they'd get a raise, not fired.
    NotPanicking

    Answer by NotPanicking at 1:26 PM on Feb. 11, 2010

  • Minimum wage was NEVER intended to serve as a "head of household" wage. A full-time minimum wage job is intended to provide the BASICS for a SINGLE person--not a FAMILY! The established starting federal minimum wages (currently $7.25--but can be more depending on the state, job and experience) translates to about $15,000 per year (before taxes). Of course if two people are working full-time minimum wage jobs you MIGHT be able to support a child or two, but you will likely require government subsidies to get by.

    I think the problem is people don't know how to live with just the basics--having a "loaded" cell phone, car and cable/internet are NOT basics--they are luxuries!
    LoriKeet

    Answer by LoriKeet at 1:26 PM on Feb. 11, 2010

  • anon24 i didnt say they had it RIGHT.
    sati769leigh

    Answer by sati769leigh at 1:41 PM on Feb. 11, 2010

  • Why not set it at $20.00/ $50.00/ or even $200.00 an hour? because you would bancrupt most small businesses (duh!)

    Wouldn't this improve the lot of the poor and lower working class? not really, there just would be no jobs as a result of the businesses who couldnt afford it closing...

    To what degree should the employer be able to determine the value of labor? anything is fine as long as it is above the min wage and you can get good people to do the work.... they determine it with raises and paying people over the min for good work.
    AmaliaD

    Answer by AmaliaD at 2:08 PM on Feb. 11, 2010

  • No it would inflate the cost of everythign thus making things cost more and thus still having poor.
    Ibelongtojesus

    Answer by Ibelongtojesus at 2:40 PM on Feb. 11, 2010

  • No, it would help nothing and make things worse. Jobs would be cut because employers would be unable to pay their employees that much and still remain in business. As someone stated already, min. wage was never designed to be a living wage for a family. It was meant for single people. The problem is that too many people are finding ways to get around the system and receive PA. They don't see the need to better themselves so they can get better paying jobs. Why should they? The gov't will take care of them.

    Anonymous

    Answer by Anonymous at 3:32 PM on Feb. 11, 2010

  • Wow, are you serious?
    Carpy

    Answer by Carpy at 3:41 PM on Feb. 11, 2010

close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN