If we abolished minimum wage, wouldn't the employees?

Question

Wouldn't the employees set the bar for what they were paid. I mean you dont have to take a job that isnt paying much and so you yourself would set the bar for wages and not the government.

Haha, China and Korea.....haha

Answer 1

The minimum wage is the least understood and most common method of attack used by class warfare Democrats.

The reality is that the minimum wage is designed as an entry-level wage. If you are supporting a family on minimum wage, then that is YOUR problem. You need to better yourself and make yourself more marketable to employers.

Also, an increase in the minimum wage does nothing more than to increase the cost of living for everyone. I'll speak slowly here so all you liberals can reall grasp this one, ok?

Business X has 5 employees making $5.50 per hour cleaning up an arena after a concert, and it takes those 5 people 10 hours each to complete the job. The business then marks up their services 25% to cover materials and to post a profit. So the total price is $343.75. The arena sells 1000 tickets, and builds the cleanup cost into the price of the ticket ($.35) per ticket.

If the minimum wage increases to say $6.50 per hour, then the total bill is $406.25. And the cost per ticket is then $.41. Well, if those same people take the extra $10 they made and spend it liberally, then the cost of other goods and services goes up as DEMAND GOES UP. And so you have....TA DAAAAAAAAAAAAA INFLATION!

Answer 2

Yes, this is exactly what would happen. It is what happens in the rest of the job market, except for the artificial constraints of minimum wage, and union contracts. Isn't it interesting that it's the unions that are the biggest supporters of the minimum wage.

Here in Washington State, home of the nation's highest minimum wage, it goes up every Jan. 1st in a vain attempt to make the minimum wage a "living wage". Of course, this can never happen. Every Jan. 1, everyone raises prices to compensate, wiping out any gain. While some marginal businesses just close, wage compression is turning more and more people into minimum wage workers. Some have suggested that in 10 years, 75% of workers in Washington State will be working for minimum wage. Since this state has been controlled by the Democrats for nearly 30 years, I guess this is Nirvana, to them.

In addition, as the minimum wage increases, businesses are motivated to replace workers with an ever increasing amount of automation. Here in Washington State, self-service is everywhere, and not just at gas stations and banks. Hardware stores, grocery stores, even movie theaters are now self-serve/self-checkout. Where there used to be plenty of minimum wage jobs, now there are few.

Answer 3

The problem is, the employers could force lower wages on people by simply not hiring for over a certain amount. They wouldn't be able to only pay a couple dollars an hour but they could easily pay under the $5.15 minimum wage. Minimum Wage simply ensures that all employers are paying fair wages to their employees. After that, employees do dictate their wages. For example, you won't find many Engineers working for Minimum Wage. But having a minimum wage ensures that large companies can't force wages that make it impossible to live off. The idea that a minimum wage hurts small businesses is absurd. Most small businesses that I've seen pay their employees more simply because they want to make sure they can get good work.

Answer 4

then why are wages so low abroad? if that's true, why aren't the lowest wages in china and korea going up?

http://www.businessweek.com/magazine/content/06_13/b3977049.htm

here's where they are relative to us:
"That means managers can no longer simply provide eight-to-a-room dorms and expect laborers to toil 12 hours a day, seven days a week."

is that how you want our country to look? to me, that seems like slavery. i don't want to have anyone in my country working like that because it's horrible. do you think that is where they are choosing to set the bar? this is exactly why we're setting a minimum, because when we didn't our country did look just like this. i also think we might be too ornery... china's getting there finally.

why do you laugh retard? that's where there is no minimum wage, so let's see how it works. oh, it doesn't. it probably isn't cheaper in the long run when you gots to go put down slave rebellions with riot police. what have you got?

nicolasraage... you're telling me the free market will prompt people to buy more expensive goods? you just created an underclass that can't when you take away the minimum wage. that's counter to every economic theory i've ever heard. most people choose not to spend more money than they have to.

pops... why do you treat the store as a closed system? studies show that the minimum wage earners supporting families that you complain about tend to immidiately inject the additional earnings back into the local economy because they need that resource. your model is unrealistic. so sayeth my last link. ta-dah!

Answer 5

your seeing the wages fall companies don't want to pay high hourly wages anymore their packing up and sending jobs over seas look at the labor unions their getting killed and when they go theirs nothing to hold to a standard too ,we are competing against India, china and Korea their standards are not the same as ours and are not inforced sorry to say were fighting an uphill Battle and its going to get worse .. were already seeing people working for a yearly salary but putting in 60 hours aweek and if you take the time and figure out what their earning per hour its probably just above minimum wage .. i beg to differ from your opinion

Answer 6

Exactly. In fact, many more people could be employed, if they want to be, because companies could afford to pay more employees less money.

The counter-argument is that nobody could survive with less pay than minimum wage, so we should just let people live off of welfare.

BTW - I worked for minimum wage for a while. It was a real struggle; I was a sophmore in high school.

Answer 7

Yes. That is apparently how things work in America Somoa. I wonder why it wouldn't work for the rest of America.


----
I actually have mixed feelings on that issue. I think there would be cases where, people who would rather work than be on welfare, would end up working at some underpaid jobs. In the long run, however, the social structure of the U.S. would not allow employers to underpay their employees. How many sneakers would company X sell when everyone found out that they paid sweatshop wages? I think MOST people would rather buy the more expensive pair, if they knew it meant doing the right thing.

Answer 8

You're absolutely right.

If no one would work for the $5 per hour or whatever the minimum wage might be set at, then employers would be forced to raise the wages in order to hire help.

Answer 9

it is probable the only be counted on which Bachmann and that i agree. I too like maximum of folk as quickly as believed in the parable that the minimum salary grew to become right into a competent subject. Then I have been given previous the rhetoric and found out its actual result. The minimum salary like maximum of expertise-sturdy policies fairly harms the very people that's designed to help. The minimum salary skill fewer jobs are created which makes it very puzzling for unskilled workers (in lots of situations damaging babies) to discover a activity. And in the event that they are in a position to't discover a activity they do no longer develop into experienced workers who can circulate directly to greater advantageous, greater paying jobs. as a exchange they ought to circulate on welfare and/or develop into criminals to assist themselves. don't have self belief me? until eventually now the minimum salary grew to become into enacted the unemployment cost between black babies grew to become into approximately 25%. at the instant with the minimum salary regulation that's seventy two%. the end results of that are distinctly self-obtrusive. only return and forth to any damaging city area. Is it rather in our nationwide activity for a save proprietor to hire say 2 people on the arbitrarily mandated $7.25/hour as a exchange of the three people s/he rather desires at $5/hour?

Answer 10

the market will decide what is a fair minimum wage. This can be bad in an area where there are many poor immigrants. You have to compete with them