File: What's the Right Minimum Wage.swf-(8.97 MB, 240x160, Other)
[_] Anonymous 03/04/16(Fri)02:56:21 No.3035021
Marked for deletion (old).
>> [_] Anonymous 03/04/16(Fri)03:37:03 No.3035025
What a load of crock shit. If businesses had their way they'd be paying everyone 5 dollars an
hour. Want to see no minimum wage? Hello Taiwan, where any teenager can get a job that pays less
than a dollar an hour!
>> [_] Anonymous 03/04/16(Fri)03:39:55 No.3035026
>someone's willing to be paid below minimum wage
shiggydiggy
>> [_] Anonymous 03/04/16(Fri)03:48:48 No.3035027
>>3035021
So, What he's saying is, There should be no standard to which businesses should conform in terms
of labor costs, because despite the fact that a business is, by and large, going to sell their
product at whatever fucking price they want (because it's their product, and the only thing truly
regulating their costs are the costs of their competitors) their needs for labor don't outweigh
their desire to not spend money on it. On top of this, they expect any individual to accept
whatever price the company wishes to pay you, despite a massive decrease in the need for working
hands in the USA due to Mechanization and outsourcing of Labor, or you can simply "work someplace
else"?
Concise blah blah blah indeed, What on earth is your Economics degree printed on, Cardboard?
>> [_] Anonymous 03/04/16(Fri)04:12:04 No.3035039
>>3035021
FUCK OFF PRAGER UNIVERSITY SHILL
>> [_] Anonymous 03/04/16(Fri)04:24:20 No.3035043
The minimum wage should be a function of company size and income, no one should be allowed to
hoard capital, remove bullshit welfare system for basic income, stop allowing wealthy to provoke
conflicts for short term profit unless they want to march in first, everything is fixed.
>> [_] Anonymous 03/04/16(Fri)05:51:06 No.3035062
fuck even if there was no minimum wage, which certainly is required because businesses aren't
gonna just suddenly lower the cost of living unless they are forced to, young people still
wouldn't get jobs because the market is flooded with applicants.
>> [_] Anonymous 03/04/16(Fri)06:19:54 No.3035067
minimum wage prevents reliance on welfare from people who otherwise work
>> [_] Anonymous 03/04/16(Fri)06:37:45 No.3035078
Glad to see so many people see through this bullshit.
>> [_] Anonymous 03/04/16(Fri)06:43:38 No.3035081
>>3035025
If they don't like the pay they can just quit. All a minimum wage does is artificially inflate
the value of the dollar.
>> [_] Anonymous 03/04/16(Fri)06:53:59 No.3035087
This is bullshit. Even if a minimum wage increases the price of a company's product to subset
"lost" money from hiring employees, the general populace will also have more money to spend on
said products. It goes hand in hand.
>> [_] Anonymous 03/04/16(Fri)06:55:54 No.3035089
Economists of the pre-2005 era were full of shit. They didn't know what the hell they were doing,
and most of that is due to Reagan and his bullshit policies he enacted.
>> [_] Anonymous 03/04/16(Fri)07:40:40 No.3035099
didnt understand a shit
so
government raises minimum wage, so new people with no job history wont get job? thus making
unemployment bigger, thus making media influence bigger on them????
>> [_] Zinogre 03/04/16(Fri)08:38:39 No.3035108
>>3035027
The most cost-effective of materials through recycling
>> [_] Anonymous 03/04/16(Fri)10:28:39 No.3035137
>>3035027
>a business is, by and large, going to sell their product at whatever fucking price they want
>the only thing truly regulating their costs are the costs of their competitor
are you fucking high? in a perfectly competitive market (one where there are lots and lots of
business selling basically identical products with little to virtually no novelty), the price is
regulated by demand. the competitor doesn't set the price, the customer does.
it doesn't matter how much competition a business has, if the customer isn't willing to pay the
price, they aren't selling product.
>b-b-but what if the competitor sells for cheaper? that's what i meant!
any business wants to sell at the highest price the customer will pay so they can make the most
profit. again, demand sets this limit. if the customer wants it badly enough, they'll pay more
for it. the only reason to sell cheaper is to try to drive up customer traffic (and possibly
steal customers from the competition). there is actually a formula used to determine if the
increase in traffic and sales offsets the lowered price.
>yeah, but what if a business sells below cost to kill competition?
their competitor isn't going to sell the product below cost forever because they won't break even
(let alone make a profit) and will eventually have to shut down. so if the competitor is selling
cheaper, it's because they can afford to. they have some advantage that allows them to lower the
costs of production. this will force other competitors to either copy them or innovate so that
they can keep up. (guess what, this is how business drives invention and innovation)
TL;DR - a business's competition doesn't set the price of their product. the customer does. but
it doesn't matter what i say because you're a good little indoctrinated liberal. your mind is
already made up and i'm sure any response i'll get will simply be a shitshow of "i'm right,
you're wrong. because i said so."
>> [_] Anonymous 03/04/16(Fri)10:30:58 No.3035139
Employers won't pay people what they're worth, they'll pay the smallest amount they can get away
with paying and pocket the rest as profit.
>> [_] Anonymous 03/04/16(Fri)10:46:56 No.3035142
>>3035137
>perfectly competitive
good luck getting that, too.
>formula used to determine bullshit
sauce
>underselling forever
they're only going to undersell when they aren't able to when customers are in prime time to
steal from other companies
all in all, your statement is mostly irrelevant to the primary topic [minimum wage].
>> [_] Anonymous 03/04/16(Fri)10:52:20 No.3035145
>>3035139
the smallest amount they can get away with *IS* what you're worth. because if you were worth
more, you'd go somewhere else where they pay more.
if your skills aren't in high demand you can't charge a premium for them.
>> [_] Anonymous 03/04/16(Fri)11:02:25 No.3035151
>>3035142
>good luck getting [a perfectly competitive market]
there are plenty of markets that are classified as perfectly competitive, fucknut. i'll bet you
think "market" refers to the whole economy and have this notion in your mind that the economy as
a whole isn't perfectly competitive (which, the whole economy isn't... but you don't understand
because you're starting with an incorrect definition of "market")
>sauce
next you'll be saying that because i didn't provide proof that you win. as if to imply that proof
doesn't exist because i didn't furnish it for you. you're perfectly capable of using Google,
don't be a wankstain.
>they're only going to [word salad] prime time to seal...
but that breaks your suggestion that the competition sets the price. it shows that they aren't
simply undercutting their competition. there are other factors at play. how do you not get this?
you have to look at the price of labor in the same way that you look at the price of a product or
service. in this case, the customer is your employer. if you're offering labor that is unskilled
that any idiot off the street can supply, or if your labor can be replaced by a machine, you
can't expect to command a high salary. they pay you what you're worth. if you want to make more
money, learn skills that command a higher salary.
this shit isn't complicated. quite the opposite, in fact. it's straightforward and formulaic. in
the end any argument about the minimum wage comes down to "fairness".
>> [_] Anonymous 03/04/16(Fri)11:13:00 No.3035155
>>3035021>>3035025>>3035026>>3035027>>3035039>>3035043>>3035062>>3035067>>3035078
>>3035081>>3035087>>3035089>>3035099>>3035108>>3035137>>3035139>>3035142>>3035145
>>3035151
Please go to /b/ if you want to participate in bait threads like these.
>> [_] Anonymous 03/04/16(Fri)11:16:36 No.3035158
>>3035145
Unless they decide to engage in cronyism. Have you noticed that Verizon and AT&T don't actually
compete with one another and get to give everyone shit-tier internet as a result? Same thing
would happen, only instead of awful ISP's, you'd have awful paychecks for everyone. Wealth gap
gets bigger, 99% of people become wage slaves because they just BARELY make enough to get by.
Welcome to the cyberpunk dystopia.
The free market isn't perfect, it requires some regulation to not be twisted into something that
fucks everyone in the ass. The minimum wage makes it harder to get a job, yes. It also makes
people less likely to turn to welfare and other handouts to make ends meet.
