the minimum wage: reality check

your video is nothing but propaganda and rhetoric.

 

that is not how it works.

- - - Updated - - -

what about competition? if someone can "raise prices less" they could increase market share.

 

You resent non progressive videos.

But since you comment, explain said errors please.

 

social justice does just that, through restitution laws.

 

It does not work that way.

 

so what; if Firms can Only succeed on cheap labor in the US, they should fail anyway.

 

the right offers no solutions.

some on the left are trying to end our War on Poverty, and actually solve simple poverty via a Welfare-State economic paradigm over our current Warfare-State economic paradigm.

- - - Updated - - -

Hoover was a republican. All he had to offer the People in their time of economic need, was Hoovervilles; not Hoover Dam.

- - - Updated - - -

irrelevant. social services cost a certain amount. it makes rational choice theory sense, to pay labor more than they can make on social services.

 

You are simply, cognitively dissonant. Full employment of resources is a "benchmark metric".

- - - Updated - - -

Yes, it is. It is why we need to pay unemployed labor, one dollar an less than the minimum wage, simply for being unemployed.

 

only lousy capital management does that. why do you think we have "social managers" in politics.

 

the right simply appeals to ignorance of the law in favor of an alleged subscription to morals from the Age of Iron.

 

why do you believe, competition does not work under Any form of capitalism?

 

It works.

 

No I am not.

You do not reward the near miss. The runner in second place lost.(your last point is wrong in other words)

 

I invented this system and so far as I am aware, it is the best that rewards action and gives incentive to those who had near misses.

The proof it works is that I put it into operation in 1973 and it was several months later we could measure how effective it worked.

I won't totally give away the entire system but the guts are this

Person A makes up his mind as to his goal for that month.

B follows with his goal and then C and D, etc.

Each person is at liberty to name their own goal. I imposed no goals on anybody.

The resistance was from the company owner, he wanted me to set goals for all of the people and name a number he and I selected. That way he managed overall while I managed the office since he was gone most of the time.

At the end of the month, each person collected a bonus. If they matched the goal, the bonus paid them. If they fell short, nothing was paid.

As I said, there is more to my system but it got results.

It turned a office that was stumbling badly into one that became well trained, well motivated and well productive.

The office had a 3 year track record when I arrived. By the end of month 3, we had surpassed production from the previous 3 years. That is called effective management.

 

That's wishful thinking. They simply wont. They will raise prices to account for the increase in pay, to cover thier loses. Everytime.

You live in a fairy tale.

- - - Updated - - -

The public will do just as business does...seek to save money.

 

That is how it works. If you want to be a lawyer, you have to go to law school (in all but Louisiana I think). If you want to be a welder, you have to learn to weld. and if you raise MW to $15/hour, the prices just go up to reflect it and the purchasing power of the dollar goes down. It is why the real value of a dollar only increases significantly when there is a major recession.

- - - Updated - - -

Changing tactics is not ending the "War on Poverty".

 

The "minimum wage" should be a "living wage" so that those working full time don't require welfare assistance to provide for the minimum-mandatory expenditures of the household.

Any owner of an enterprises that requires their employees to rely on welfare assistance, in addition to they wages, to fund the minimum-mandatory expenditures of the employee's household is an irresponsible person. If you want someone to work for you then the least you should ensure is that they can afford to live off of what you pay them. That employer is also irresponsible because they're forcing the tax payers to subsidize their business by providing assistance to their employee.

 

I can agree with this. Employers absolutely in many cases are so down right dirty it's laughable. In many cases you work for them for years at a time, and each year you get what...25 cent raise? 50? When I worked at target as a teenager, I got a 6 month evaluation...which was essentially perfect evaluation and got nothing. Was told to wait till 1 year. At one year I got 50 cents. 50 (*)(*)(*)(*)ing cents. It's pretty standard today....but so (*)(*)(*)(*)ing laughably ridiculous.

These minimum wage, or close to it, companies, as of RIGHT NOW, have profits which are high enough to pay thier employees twice what they currently make and still be making huge profits. It's unfortunate that they min max thier profits at the cost of thier employees. But this is something that won't change until a cultural change in business. Or, a massive intervention of our government to regulate not just minimum wage...but prices of goods in conjuction with it.

And people simply don't trust the government. I however, would trust the government to trest me fairly before almost any individual, and certainly before any business.

 

thank you for supporting my contention.

what about competition? if someone can "raise prices less" they could increase market share.

 

This is not about zero sum competition; only the cognitively dissonant right claims to want that, while voting for social welfare for corporations.

It is about promoting the general welfare under the Best form of Socialism in the Entire World.

 

good for you.

unfortunately, anecdotes don't always work for the general population; and, you only had "motivated labor" to work with.

- - - Updated - - -

No, it isn't. Labor is not the only factor affecting cost. In any case, we already had price inflation for fuel. Why no complaints there, Persons on the right. Why Only have a problem when it is about social justice and not a capital profit motive?

Business still has to compete.

 

You may need to recheck your logic and reason. How big is the minimum wage sector and how much will it affect prices?

And, even if prices go up, it is still speculation that inflation will be worse than it was with price inflation for fuel.

And, you omit long run purchasing by labor that will have more money to spend to increase demand.

Changing tactics via a paradigm, means actually solving simple poverty and the capital effects of capitalism's, natural rate of unemployment instead of merely waging a War on Poverty for over a generation.

 

If minimum wage was the answer to poverty, it would have rendered social services useless a long time ago.

 

why do you believe that? it is like saying, if Religion was the answer to socialism's problem of needing social morals for free, we would not need more than Ten Commandments.

 

You're the one who brought up social services, so you tell me.