Hoodieninja said:
BMaker11 said:
Hoodieninja said:
You are quite wrong, in 1950's the MINIMUM wage was able to provide for a FAMILY. Minimum Wage was enough to be independent. The MINIMUM wage in 1968 is about 11 dollars in Today's money.
The Minimum Wage has more positives than negatives when done correctly.
Doctors also get paid 100k because their education is too expensive.
|
Ummm.....no. Minimum wage was meant to prevent employers from exploiting their employees. Nothing to do with raising a family. Whatever inferred purpose that came after its inception was just a means of people wanting more money. Minimum wage is a wage for a person, not a family.
http://www.law.cornell.edu/wex/minimum_wage
http://www.econlib.org/library/Enc/MinimumWages.html
And doctors making so much is because of their education expenses? You sure that has nothing to do with it being one of the most difficult jobs, period? That it takes 10+ years of education + rotations, being an understudy, etc. to even be considered for working such a job? That has nothing to do with why doctors get paid so much...it's only to pay for their education. Ok, keep telling yourself that.
|
You're right that it was indeed for a PERSON, HOWEVER the MINIMUM WAGE was good enough in the 1950's to support a family and ALSO enough for a person to become independent.
exactly 10 plus years, you do realize Doctors also spend years paying off Student Loans and Debts? Actually it's part of the reason why Doctors are so expensive there education is very very expensive, again, they SPEND years sometimes Decades paying off debts.
DO YOU KNOW HOW EXPENSIVE IT IS TO STUDY TO BECOME A DOCTOR? http://www.cbsnews.com/news/1-million-mistake-becoming-a-doctor/
|
I don't care what minimum wage "could do". I care what it's "meant for". It's meant to prevent employers from exploiting employees. Simple as that. A person can be independent on minimum wage. But nobody tells you to, then, run off and make a family, then demand higher wages because of your actions.
And if you want to stick on doctors, that's cool. But what about engineers? They can get in and out of school in 4 years and make $90K a year and pay off their loans in 2 years. Wanna explain why their pay is so high? What about computer science grads? IT grads? I just used doctor because it's synonymous with "hard job that pays well", pretty universally. But there's other professions that make really great pay, and don't have 10 years of education needed. I stand by my statement of "not everyone can be [insert high paying job]; anybody can flip a burger"
And if you really think doctors are expensive because their education is expensive, then please find me a job that pays a low wage but has 10+ year experience requirements. Because what you're saying is that their experience and years of work have nothing to do with their higher wage; it was the cost of the education.