Lower wages = Lower unemployment benefits

[Kasz216]

ManusJustus said:

Kasz216 said:

scottie said:

As an addependum to the whole 'getting your facts right when trolling' thing, your entire premise is incorrect.

 

There is no correlation between lack of a fair minimum wage and employment rate.

                                                                                  Unemployment rate (%)

Zimbabwe	95.0	2009 (June)[130]
Nauru	90.0	2004[3]
Liberia	85.0;[77] 88% among young Liberians[78]	2009 (July)
Vanuatu	78.21	1999[124]
Turkmenistan	70.0	2008 (November)[117]
Cocos (Keeling) Islands (Australia)	60.0	2000[3]
Mozambique	60.0	2009
Tajikistan	60.0	2008 (August)[112]
Djibouti	59.0	2007[3]
Namibia	51.2	2008[3

 

Zimbabwe has no minimum wage

Naura has no minimum wage

Liberia (minimum wage 20 US cents/hour)

I could go on, but there is no point, you and I both know that your argument is bogus.

 

Fact is, minimum wage and unemployment benefits give people disposable income, which they spend on products and services. In order to sell these products and provide these services, more people need to be employed, reducing unemployment. Unions and minimum wage are required to reduce unemployment.

Let's raise Zimbabwe's minimum wage to 15.50 USD.

Lets see how much better employment gets...

This is the silliest use of statistics i've seen in a while, i can only hope your not being serious.

Its a lot easier to call someone's argument silly than to expose how ridiculous and limited your own understanding is.

So your saying you don't find it silly, that he's citing extremly poor outlier countries to make a giant point about economies as a whole and western nations?

Talk about a limited understanding.

I think it only effects employment when it's artificially high and not around what people would be getting paid anyway.  Outside that it's just hurting teenage employment and in general lowering pressure on job creating intervals as people are paid a living wage doing traditionally teenagers jobs... also that minium wage is just kinda there... raising it actually isn't going to fight poverty any... since those costs are likely going to be laid largely on the poor as well.

If you want to help the poor, you'd look to raise the minium wage needed to be earned to pay taxes.  Of course that would be a tax cut.  Not exactly the best thing to do when your government is already runnig huge deficits.

 

Though it's worth noting that I disagree with the majority of experts who all think minium wage does minorly hurt all unemployment.

http://en.wikipedia.org/wiki/Minimum_wage#Surveys_of_economists

Support from economists for raising the minium wage actualy being inspite of unemployment not because of it. 

 

Really if you ask me, Minium wage is just that... a non factor outside of some teenagers losing jobs.

well unless you raised it to absurd levels like $25.00 and hour or something.