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A $15 Minimum Wage Would Put All Working Americans Into The Global 1%
Forbes ^
| 06/12/2015
| Tim Worstall
Posted on 06/12/2015 7:09:42 AM PDT by SeekAndFind
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To: SeekAndFind
ANY minimum is too high. The minimum wage should be abolished.
2
posted on
06/12/2015 7:15:10 AM PDT
by
Da Bilge Troll
(Defeatism is not a winning strategy!)
To: SeekAndFind
Outstanding point!
Our poor are already infinitely wealthy by global standards. Does not seem to cut down on the whining any.
To: Da Bilge Troll
ANY minimum is too high. The minimum wage should be abolished
after the borders are sealed and immigration halted for 20 yearsFixed it.
4
posted on
06/12/2015 7:16:19 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: SeekAndFind
...at which point the “Occupy Wall Street” people will themselves become the 1% and have to stage protests and sit-ins against themselves.
5
posted on
06/12/2015 7:17:25 AM PDT
by
Alex Murphy
("the defacto Leader of the FR Calvinist Protestant Brigades")
To: SeekAndFind
They key word here is All Working Americans.
For those who can't find work because of the Minimum Wage, the benefit is less clear.
6
posted on
06/12/2015 7:18:16 AM PDT
by
BitWielder1
(I'd rather have Unequal Wealth than Equal Poverty.)
To: SeekAndFind
There are many manufacturing jobs that pay more than minimum wage but less than $15/hr. And many of those places have thin profit margins. Raise the minimum wage to $15/hr and their profit margin vanishes. When that happens, they move the jobs overseas where they can pay far less. So now you have an unemployed worker who can’t find a job.
7
posted on
06/12/2015 7:21:15 AM PDT
by
Blood of Tyrants
(A free society canÂ’t let the parameters of its speech be set by murderous extremists.)
To: BitWielder1
For those who can't find work because of the Minimum Wage, the benefit is less clear.By the time the ones that are still working pay the taxes required to maintain unemployment / welfare benefits for the ones that will lose their jobs, will they still be in that "global 1%", or is that calculated before taxes?
8
posted on
06/12/2015 7:22:33 AM PDT
by
tacticalogic
("Oh, bother!" said Pooh, as he chambered his last round.)
To: Da Bilge Troll
Yep.
Michael Medved finally lost me back in 2012 with his mindless shilling for Romney, but it still cracked me up yesterday when I said that $15 was stupid but it should be raised. Always being the master of “compromise”, he addressed the wrong question.
The question is not, “what should we raise the minimum wage to?” The question is, “Should the federal government be implementing fascism by telling employers what their ‘one size fits all’ minimum wage should be?”
The answer to the latter, of course, is “no”.
9
posted on
06/12/2015 7:33:49 AM PDT
by
cuban leaf
(The US will not survive the obama presidency. The world may not either.)
To: SeekAndFind
Well, they all got participation trophies in middle school...so why not? :)
10
posted on
06/12/2015 7:36:10 AM PDT
by
Mr. Jeeves
(Heteropatriarchal Capitalist)
To: Blood of Tyrants
Isn’t this what the TTP is all about...moving jobs to other counties for ‘slave labor’ and we have nothing here for our people to live on?
11
posted on
06/12/2015 7:36:40 AM PDT
by
HarleyLady27
(Get the USA out of the UN then get the UN out of the USA; send bamaboy back to Kenya ASAP!!!!)
To: SeekAndFind
I wasn’t making an honest $15 an hour when I retired from my skilled trades job. They want to make $15/hr. as minimum wage?? This is nuts!
12
posted on
06/12/2015 7:36:43 AM PDT
by
oldtech
To: Blood of Tyrants
“So now you have an unemployed worker who cant find a job.”
The problem is all those employed workers tend to want smaller government and policies that promote growth and prosperity.
Raise the minimum wage and you get lots of unemployed government-dependent Democrat voters, along with a nice raise for all your union pals who will kick back some of the wealth.
With any luck you might also be able to convince some of the other guys who still have jobs that they owe their higher wages to the Democrats.
To: oldtech
I wasnt making an honest $15 an hour when I retired from my skilled trades job.When was that?
14
posted on
06/12/2015 7:38:44 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: SeekAndFind
I want a minimum wage of a gabazillion dollars. I could buy anything then.
15
posted on
06/12/2015 7:38:55 AM PDT
by
Skooz
(Gabba Gabba we accept you we accept you one of us Gabba Gabba we accept you we accept you one of us)
To: SeekAndFind
![](https://kasbahurbanism.files.wordpress.com/2014/03/slum-mumbai1a.jpg)
Better habituate yourself to squalor... it's our future
16
posted on
06/12/2015 7:39:18 AM PDT
by
SMARTY
("When you blame others, you give up your power to change." Robert Anthony)
To: Blood of Tyrants
When that happens, they move the jobs overseas where they can pay far less. So now you have an unemployed worker who cant find a job.Doing that just causes welfare and food stamps and other benefit spending to go up. If they are crazy enough to raise min to 15 then they need to put in protective tariffs. If you are going to go radical and cause inflation at least FedGov should do it "right". Half a screw job is worse than a complete screw job in this case.
17
posted on
06/12/2015 7:42:19 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Skooz
If you work hard, keep your nose to the grind stone and generate a very high credit score, you can buy most anything
18
posted on
06/12/2015 7:47:57 AM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, ..... No peace? then no peace!)
To: oldtech
It's all in here:
19
posted on
06/12/2015 8:04:10 AM PDT
by
SMARTY
("When you blame others, you give up your power to change." Robert Anthony)
To: SeekAndFind
Ive been trying to think through a way of really getting across the point that a $15 an hour minimum wage for the US is really just too high. Minimum wage can be as high as one wants. Just create more and more money out of thin air like Zimbabwe.
20
posted on
06/12/2015 9:10:07 AM PDT
by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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