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Forums - Politics Discussion - Is raising minimum wage nationwide a horrible idea?

MDMAlliance on 01 July 2014
phaedruss said:
MDMAlliance said:
exdeath said:

So what about people who went to school, got certifications, etc who are making $15 an hour already? Do they go up to $25 an hour so everything stays even and fair?


Do you mean high school or college?  And the market would most likely adjust accordingly on its own.  (If you meant college btw, I think $15 is a really low payment for a degree).


So the market would adjust accordingly in that situation but not the other? Why is that?

 

Also: to the person above-have you seen the college graduate employment statistics?


What do you mean "but not the other?"  I was simply saying that if you were making $15/h already, and the minimum wage increased to $15/h, your pay may not increase by the same amount as the wage increased by, but your payment will almost certainly increase due to the changes in the market (positive or negative).  Especially if the payment of $15/h was done to keep the people happier to work there.



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outlawauron on 01 July 2014
exdeath said:

So what about people who went to school, got certifications, etc who are making $15 an hour already? Do they go up to $25 an hour so everything stays even and fair?

No no. Walmart employee with GED deserves the same obviously.



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phaedruss on 01 July 2014
NobleTeam360 said:
phaedruss said:
MDMAlliance said:


Do you mean high school or college?  And the market would most likely adjust accordingly on its own.  (If you meant college btw, I think $15 is a really low payment for a degree).


So the market would adjust accordingly in that situation but not the other? Why is that?

 

Also: to the person above-have you seen the college graduate employment statistics?

Nope, but from what I hear a lot of graduates don't even get jobs in the field they went to college for. 

Yea, it's really not good.

 

http://www.bloomberg.com/news/2014-06-05/college-graduates-struggle-to-find-employment-worth-a-degree.html

 

You need a degree in engineering or maybe computer science or something like that it seems like.



NobleTeam360 on 01 July 2014
phaedruss said:
NobleTeam360 said:

Nope, but from what I hear a lot of graduates don't even get jobs in the field they went to college for. 

Yea, it's really not good.

 

http://www.bloomberg.com/news/2014-06-05/college-graduates-struggle-to-find-employment-worth-a-degree.html

 

You need a degree in engineering or maybe computer science or something like that it seems like.

Yeah, I would've gone into one of those for my college degree if I was good at math. Since I'm not I went with Criminal Justice, hopefully I'll be able to get a job easily after I graduate. 



phaedruss on 01 July 2014
NobleTeam360 said:
phaedruss said:
NobleTeam360 said:

Nope, but from what I hear a lot of graduates don't even get jobs in the field they went to college for. 

Yea, it's really not good.

 

http://www.bloomberg.com/news/2014-06-05/college-graduates-struggle-to-find-employment-worth-a-degree.html

 

You need a degree in engineering or maybe computer science or something like that it seems like.

Yeah, I would've gone into one of those for my college degree if I was good at math. Since I'm not I went with Criminal Justice, hopefully I'll be able to get a job easily after I graduate. 

Well you'll at least be able to get into some kind of career with that unlike myself haha.



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kupomogli on 01 July 2014
Mystro-Sama said:
Doesn't this just cause inflation proportionally.

Product costs have been going up substantially even without minimum wage increases.  I live in Florida, and the minimum wage has went up less than $1 in atleast 15 years.  At the same time, the majority of necessities like food items have went up $.50-$1 each while also coming in smaller sized portions. With how much costs have increased on product in the past 15 years compared to the how much minimum wage has went up, it's yet another example of the rich getting richer and poor getting poorer.



phaedruss on 01 July 2014
kupomogli said:
Mystro-Sama said:
Doesn't this just cause inflation proportionally.

Product costs have been going up substantially even without minimum wage increases.  I live in Florida, and the minimum wage has went up less than $1 in atleast 15 years.  At the same time, the majority of necessities like food items have went up $.50-$1 each while also coming in smaller sized portions. With how much costs have increased on product in the past 15 years compared to the how much minimum wage has went up, it's yet another example of the rich getting richer and poor getting poorer.


There are many causes of inflation, the minimum wage is just one.



MDMAlliance on 01 July 2014
phaedruss said:
kupomogli said:
Mystro-Sama said:
Doesn't this just cause inflation proportionally.

Product costs have been going up substantially even without minimum wage increases.  I live in Florida, and the minimum wage has went up less than $1 in atleast 15 years.  At the same time, the majority of necessities like food items have went up $.50-$1 each while also coming in smaller sized portions. With how much costs have increased on product in the past 15 years compared to the how much minimum wage has went up, it's yet another example of the rich getting richer and poor getting poorer.


There are many causes of inflation, the minimum wage is just one.


You should watch the video I embedded earlier.



phaedruss on 01 July 2014
MDMAlliance said:
phaedruss said:
kupomogli said:
Mystro-Sama said:
Doesn't this just cause inflation proportionally.

Product costs have been going up substantially even without minimum wage increases.  I live in Florida, and the minimum wage has went up less than $1 in atleast 15 years.  At the same time, the majority of necessities like food items have went up $.50-$1 each while also coming in smaller sized portions. With how much costs have increased on product in the past 15 years compared to the how much minimum wage has went up, it's yet another example of the rich getting richer and poor getting poorer.


There are many causes of inflation, the minimum wage is just one.


You should watch the video I embedded earlier.

I did actually. I think there is a case to be made for higher wages making employees more productive and such, but that doesn't change the fact that prices do increase because of the minimum wage. He even said that in the video.

Although, I wouldn't take that short video as the definitive discussion on minimum wage as he only cites, what?, one or two studies one of which was a very isolated case study.



bubblegamer on 01 July 2014

Most Americans have always been this way. They think it's bad to have a decent health care/minimum wage and everything that could help the less fortunate, because "it discourages people from working hard"

I'm glad Europe doesn't have this flawed way of looking at things.