the minimum wage: reality check

I am trying hard to see how you came up with your remarks based on this video.

 

To use force against a human, to force them to pay a particular sum to other humans is wrong.

There can be no excuse for force being used to compel person A to pay to B any sum of money. Each knows the value of the job at hand.

If A feels cheated, A then locates a person willing to pay the sought wage. If A can't locate a person willing to pay his high expectations, he is out of luck. B is not obligated to blow up his own business to meet A expectations.

But then there is Democrats laws. Those are stranger than fiction.

 

The public has it's say so. Why are products arriving daily from China?

Because the public will not pay for products made in the USA is the reason.

Wages paid to workers is a determining factor.

The minimum wage will export more work to China.

 

That assumes full employment.

When business demands (and it does) "full employment" to be 5% unemployment...then your opinion/theory goes out the window.

 

The minimum and the living wage are two different things and should never be conflated.

 

I understand your position, but I look at it more pragmatically--it tries to force an unnatural equilibrium into a dynamic and evolving marketplace in an effort to perpetuate the status quo. If acceptable employment opportunities do not exist for them then people need to start their own business or otherwise become more self-sufficient. The democratic position largely is an effort to keep rich people rich and poor people poor and dependent on the rich despite their rhetoric to the otherwise.

 

If acceptable employment opportunities do not exist for them then people need to start their own business or otherwise become more self-sufficient.

Oh....that's all they have to do?

Have you ever STARTED a business?

It takes an enormous amount of money

 

For those of you who support minimum wage, I have one question:

Who knows the situation, skill level, and worth of a job better? The employer and employee, or a completely unrelated third party (the government in this case)?

 

Have you ? It does not take a lot of money but a good idea. I started my own business 30 years ago with about 300 dollars. It supported me for 20 years and I was the only employee other than using one of my brothers now and then. One of my brothers started the 1st video store in NY. My father owned a theater and my brother worked as the cashier. He was one of the first to buy a betamax. He started buying movies and then got the idea to rent them out of the ticket booth. With the money he kept buying more movies. Eventually the entire lobby was full of movies and he was making more off the videos than my father was from the movies in the theater so he closed the theater and moved into the shopping center next door as a video store. We would charge 50 bucks just to become a member and you got nothing with that $50 other than the right to rent. It made my father a millionaire. We had about 8 of them by the 90s but my dad was smart and got out before they went the way of the DoDo . We sold a few to blockbuster .

 

I stated my case quite pragmatically. LOL

Looks like we both understand this quite accurately.

 

No doubt if you have plenty of cash, and start out moderately, you can succeed as well as the next guy that won.

$300 is nothing to start a business on and your story is one of millions where people with next to no cash started.

I believe Mrs. Fields cookies started with a good idea and enough cash to bake cookies. She got rich.

Democrats simply do not believe in business. They believe in remaining employees I believe.

But back when I was a Democrat, I started a racing shop. We called such shops, speed shops. We built racing engines for those wanting to race cars. Even some who did not plan to race on a track came to me to get a powerful engine installed for the fun of it.

My next business since being drafted by the selective service put me out of business was when I invented a nailing machine. I invented it shortly after coming back from Army duty. It failed but only due to congress I believe. FHA rules on hardwood floors changed and my market vanished overnight. I went from orders for my machines to orders cancelled overnight. I was shocked at how fast a rule by government can put you out of business. I parlayed that failure into a full time machine shop. My shop made parts for many companies. It was hard to start the company but once customers saw the quality, it was easy to keep customers and by word of mouth gather more. I parlayed that business into a real estate business.

Over the years I am happy to report many people have earned good livings at my enterprise.

I quit the Democrats after my failure when I voted for Jimmy Carter. Carter just did not work out.

 

The minimum wage is designed to deny free labor access to the wage market.

 

I did not make full employment a condition. As I said, Democrats rules are very very strange.

A bit on the free market.

I have encountered government resistance to the free market. Most of the time, I merely read of things like that. Many years back I ran into government interference in a free market when it changed rules for hardwood floors and the change ended my career making nailing machines. When you consume thousands of dollars on making a new invention, for the Feds to kill it off sucks big time.

Employment bounces up and down.

I have experienced vast changes to employment from the time of my childhood till today.

Economists decided that full employment is 5 percent. I don't recall business making up that concept.

My theory is basic human rights.

If I show up to handle your landscape, to give you one instance, and I tell you the Feds mandate you pay me $15 per hour, what happens if I am worth $60 per hour?

Democrats never think of that. The person needing landscaping can tell me the Feds only mandate $15 per hour. I will have one hell of an argument with you over hourly fees until i can prove my worth really is $60 per hour.

 

To simplify, look at the following case.

Company A has sufficient funds to pay 2 workers at a rate of $7.50 per hour.

The Feds step in and change law so now one worker collects all the money for wages. Worker gets entire $15 able to be paid.

A person lost his or her job.

Economics is so simple.

 

My brother started his video store with less. But your story like mine shows its all about making wise decisions. I was also big into racing in the 60s-80s now Im to old but still love to race at iRacing

[video=youtube;1gDyEER8pHo]https://www.youtube.com/watch?v=1gDyEER8pHo[/video]

Its the next best thing to real racing. My rig cost over 5k

 

Yes I have and no it doesn't.

 

I did not know of that.

Computers have come of age when you get that sort of quality.

A pal of mine that no longer drives, has his two sons doing the driving.

Though cheaper than the top fuel or funny cars, they still enjoy winning.

First thing to notice is the tiny engine. We are talking of only 122 cubic inch.

Ed's car has exceeded 200 mph in 1/4 mile.

[video=youtube;UjLp53RTu_c]https://www.youtube.com/watch?v=UjLp53RTu_c[/video]

 

To give you an idea my rig is one of these

 

That is exactly how the minimum wage works to eliminate jobs and shrink the size, power and influence of the working class.

 

Well yea...if you're cutting lawns maybe.

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Pull Bulls hit. It was designed to do no such thing

 

That is very impressive.

Do you also get sensations such as the feel of racing?

Or is it entirely visual?

I had no idea such rigs existed.

 

Of course it was designed to do that. Systems that screw workers on such a massive scale are not just accidents.

 

or washing cars or sewing or sitting with the elderly or paying $50 and turning you car into a taxi or opening a bookkeeping business, or growing plants/vegetables and selling them at the framer's market or at a stand beside the road or playing music at local clubs...or selling artwork...or working as a stringer/photographer for the local paper...lots of things you can do with little or no money to start off with and grow from there. Getting paid to sit on your ass generally isn't one of those things, but I guess you could start a security guard company or something with all the other ass-sitters you know

 

Turning your car into a taxi has a rather large cost in case you weren't aware.

Accounting takes a rather specialized skill and a client base..

All the rest hardly qualify as full time businesses.

This is supposed to be your answer to not getting paid enough. Did you forget already?

 

Not it isn't. In my city you just need the $50 a year taxi medallion. Quite a few people do it to carry elderly people to the doctors and grocery store and such for a flat fee as opposed to per mile.

I didn't say accounting. I said bookkeeping. It is not the same thing.

Sure because sitting with an elderly person 8 hours a day six days a week isn't full-time.

Apparently you have because this was my response to what people could do to start a business that does not require a lot of start-up cost if they cannot find a job that suits them working for someone else. "Enough" is your white whale, not mine.