John Stossel - The Minimum Wage and Consequences

John Stossel explores the full effects of a minimum wage, and determines that there are negative consequences to it that should be considered.

Category:

Education

Tags:

• Stossel
• minimum
• wage
• wages
• profit

[jackiechan511]

Removing the minimum wage and paying peanuts (say $2 per hour) is the equivalent of slavery just like how the Republicans say that "spreading" the wealth is socialism. No one in America can live with a wage of $12 or less.

[1963danno]

So what is a good starting point for someone new to the workforce??Three bucks an hour, two and half bucks an hour?? Why pay them anything at all. If you take minimum wage off the table it would give employers the ability to work people for little or no money. And why would another employer offer more if they are only competing with businesses that don't pay anything.

[Dethreid]

Honestly, so long as the minimum wage is applied evenly to every single employer in the country I think it works.

Here is the thing, if you can't afford to employ somebody for minimum wage, then did you really need that job anyhow.

If you can't expand your business because you can't pay a reasonable minimum, then obviously the demand was not there for the expansion.

I think this is a two sided coin, but it has to be applied to any business and applied evenly, even government contractors.

[munkyusm]

@ninuxy What if her "whoring herself" led to her being able to go to college and get out of the current situation that led her to have to resort to "whoring herself" and her kids grew up in a much better situation? Or would you rather her just have children that grew up in the same environment she did?

[munkyusm]

@ninuxy It WAS highly ineffective. Anyone who thinks slavery is efficient has not actually thought very long about it. It required MASSIVE resources to run slaves. You needed people to watch over them, you had to feed and house them, you had to keep them healthy, etc. Do you honestly think 1 guy on a tractor would not be much more cost-effective than 100 slaves? Slavery was going to end w/o govt, it was only a matter of time. Moral views began to change and so did technology.

[munkyusm]

@ninuxy Furthermore, what's more efficient? Tractors or a massive group of slaves for picking cotton?

[munkyusm]

@ninuxy Because there are enormous amounts of costs required to control human beings by force. You tell me - would it be cheaper to train cows to take good care of themselves, breed often, and then milk themselves for you or is it cheaper to constantly have to do all of those things for them?

The southern states were against getting rid of slavery, as you would be, bc they viewed them as property. How would Americans react if government all of a sudden abolished the ownership of cars?

[ninuxy]

Again, in your one-dimensional, myopic worldy view, you see no moral shortcome of seeing a 15-year-old whoring herself to support her family, just because it has been "reasoned" it is "voluntarily." Black and white. As long as POS' like you can get something for cheap, ends would justify the means.

The fact that a person is being put in a position to tear himself up because due to his economical condition has no bearing factor in examining the overall picture. NONE!

[ninuxy]

But don't tell that to cocksuckers like munkeyboy. He can concoct, fabricate and manufacture kooky excuses for just about everything.

I mean, how can anyone take a goofball like you seriously when you suggest shackling 100 highly productive workers (under the lashes), in an agricultural industry (think today's illegal Mexicans) to toil day in and day out for life and no pay as being "highly ineffective"!

What the fuck goes through your head when you comment?

[ninuxy]

@munkyusm shove your poorly stated, dubious "studies." What kind of fucking moron would make an argument that having hundreds of "free" labor while keeping them alive on a subsisting level and draining their lives from birth to grave was not only somehow "inefficient" but it was "highly" inefficient.

Ya! Who knew such "inefficiency" would drive the southern states to go into a civil war just to maintain their "disadvantageous" way of conducting business.