The minimum wage machine

[Squire]

See Rule #14

[Mitchell]

"Nearly 2 million" out of the 148 million currently employed in the workforce. So let's round that to 1.5%
Pretty sure thats the entry level jobs for people to either prove themselves and move up or not and be stuck.

I started at BIC almost 4 years ago at minimum wage ($8.50 in MN) as a temp. I worked hard, and had a good attitude.
After 3 months they offered me a full time job and I continued working hard and am now making well over double minimum wage with plenty more room to move up in the company as long as I keep proving myself.

If you are stuck at minimum wage for more than a year its because your performance/skill level reflects that or because you are a sucker for sticking with an employer who doesn't pay you what you are worth.

[Scherf]

$17.29



The national minimum wage is currently $17.29 per hour or $656.90 per 38 hour week (before tax). Casual employees covered by the national minimum wage also get at least a 25 per cent casual loading.




Minimum wages - Fact sheets - Fair Work Ombudsman



www.fairwork.gov.au/about-us/policies.../minimum.../minimum-wages


Aussie, Aussie, Aussie



OI! OI! OI!

[zack1234]

It's not an effective argument for raising the minimum wage at all. It shows the laziness of people, and their selfishness. The most recent (2013) review of the evidence, published by the National Bureau of Economic Research, on the relationship between minimum wage laws and unemployment states, “…the evidence still shows that minimum wages pose a tradeoff of higher wages for some against job losses for others, and that policymakers need to bear this tradeoff in mind when making decisions about increasing the minimum wage.”

There should be no minimum wage.

Hows this?

The minimum wage is nothing to do with helping people.

It is a mechanism to stop the whole system falling to pieces like it did in 1929.

The IMF, EU are the same, its cheaper than WWIII.

It also keeps comsumerism going and it is also a stealth tax.

Work hard and get a good job...stop being silly.

China has people working for $4 an hour to make cars. (Funded by US conglomerates)

In Rome they gave the people bread to keep them quiet, now its big macs and baseball caps.

[asterix]

Sure you may have to start out at minimum wage, but if you put in an honest effort and become good at what you do, you will move up and earn more money.  I know I did.  I started out working for minimum wage in high school, and now make a decent wage because I learned a skill, and became somewhat good at it.

Sometimes the "American Dream" is a bit more difficult to achieve because many business owners aren`t interested in letting people move up and earn more. Instead they want minimum wage employees to do minimum skill work for longer time. If there is a situation where you could learn by working on a complicated task with an experienced worker they send the lower skill worker to do other simple work and let the experienced worker take care of things alone. Same thing is done to students on practical work. Sometimes the expert workers are hired from other countries that have a significantly lower average pay. These people do good work for less and there is a language problem that effectively slows lower skill workers getting better. I have seen that in many places where I live.

[Lusche]

In Rome they gave the people bread to keep them quiet, now its big macs and baseball caps.

Free Big Macs? Where? 

[Blooz]

When a quarter pounder with cheese costs ten dollars, who's going to buy one?

When nobody buys your stuff, who's going to pay your wages?

When your store closes due to lack of sales, where are you and all your happy $15 an hour laborer friends going to work then?

It's the war on fast food. You will be the casualties.

[PR3D4TOR]

See Rule #14

[Zimme83]

Just make sure that people can get the proper education. People that cannot afford education will otherwise be stuck at the bottom.

[Randy1]

It is senseless to talk monetary rewards when the real question is what one should accept as a minimum lifestyle.

 

[Zimme83]

US has the same unemployment rate as for ex UK and Germany so higher minimum wages seems to have little effect on the unemployment rate.

[BuckShot]

Regardless of the tenure or qualifications of the employees who have them, some jobs are not worth more than minimum wage.

[PR3D4TOR]

US has the same unemployment rate as for ex UK and Germany so higher minimum wages seems to have little effect on the unemployment rate.

That's the kind of simpleminded comparisons that I expect from people who advocate in favor of minimum wage and other entitlements. The Unites States, United Kingdom and Germany are all within the top 15 countries with the highest minimum wage in the world. The unemployment rate is affected by countless other variables than minimum wage, so any comparison is meaningless.

The only data that is relevant without a detailed study of all the other factors is the correlation between changes in minimum wage and unemployment rate. And that data is pretty conclusive, even at a glance.

[Zimme83]

But since unemployment rate has droped to around 7,5 % since 2010 the correlation is obviolsuy not that strong.

[PR3D4TOR]

It is a continuing downward trend that is clearly visible before the jump in minimum wage. Only when the minimum wage is CHANGED can a direct correlation be observed without filtering out all the other factors that affect the unemployment rate. Without the minimum wage jump the unemployment could have been less than 3%.

I truly cannot fathom how anyone can believe that forcing higher wages does not affect unemployment. It boggles the mind.


Here, let me draw you a picture...