d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Political & Religious Debate > Raising The Minimum Wage
Prev12348Next
Add Reply New Topic New Poll
Views: 786Replies: 70Track Topic
Member
Posts: 54,736
Joined: Jun 5 2006
Gold: 1,463.83
#11
May 2 2023 09:43pm
Quote (FantasyWorldII @ May 2 2023 08:28pm)
Easy answer:

If you work full time, you should be able to live. That includes paying your rent, buying food to survive, and have little left for saving/shopping other stuff. So it makes sense that minimum wage needs to be adjusted to give people like yourself a chance.

The smaller business issue you mentioned is a complete different topic. They should be taxed less while big companies should be taxed more (close the tax loopholes).


No
Member
Posts: 14,348
Joined: Apr 12 2013
Gold: 51.00
#12
May 2 2023 11:12pm
Terrible. Big business always finds a way to maximize profits. Big Daddy government is only screwing over the little guys.

Cost of living goes up and that minimum wage doesn’t mean anything.
Rich people keep winning.
Low income people keep losing.
Member
Posts: 7,251
Joined: Oct 9 2021
Gold: 4,661.71
#13
May 2 2023 11:17pm
Quote (JessiWan @ May 2 2023 05:18pm)
Hello. Just wondering what your thoughts are about raising the minimum wage. Are you for or against it? Is it good or bad for the economy?

I had thought that it would drive small businesses, like mom and pop shops, out of business, due to higher costs. However, someone said that this was actually a myth. That it has been dispelled in Nobel prize economics. Do you think this really is the case?

As for my personal experience: I work minimum wage jobs, so whenever they raise the minimum wage, I am initially happy. Now I have more money to spend on things. However, once the honeymoon period is over, everything starts to go up in price. The initial increase in purchasing power erodes very quickly and I am back where I started.

Anyways lets share our thoughts. Is raising the minimum wage good or bad?


People earning more than that will say its bad, people earning less than that will say its good.
Member
Posts: 4,808
Joined: Jul 14 2008
Gold: 153.00
#14
May 2 2023 11:34pm
Quote (majorblood @ 3 May 2023 13:43)
No


yes
Member
Posts: 16,076
Joined: Dec 27 2019
Gold: 69.69
#15
May 2 2023 11:45pm
Quote (Ghot @ May 3 2023 10:57am)
People are getting $70 to mow a lawn. That's approx. $47/hour.
What's college for again?


A bad investment unless you have a high paying STEM job you are after.
Member
Posts: 4,498
Joined: Feb 1 2012
Gold: 2,665.00
#16
May 3 2023 12:04am
If you aren't satisfied with the pay, why don't you work on yourself so that you qualify for a better-paying job?
Member
Posts: 111
Joined: Mar 17 2023
Gold: 14.00
#17
May 3 2023 07:40am
Quote (Ghot @ May 2 2023 06:57pm)
People are getting $70 to mow a lawn. That's approx. $47/hour.
What's college for again?


Where are you from that it's $70 to mow a lawn lol?
Member
Posts: 105,130
Joined: Apr 25 2006
Gold: 10,475.00
#18
May 3 2023 07:44am
Quote (h0w @ May 3 2023 09:40am)
Where are you from that it's $70 to mow a lawn lol?




Well it's a big lawn with lots of weed whacking and lots of cut grass removal.
The lot is 14,000 sq. ft. (80 x 175) ...just about 1/3 of an acre. The 3 apartment house is only 2268 sq. ft.

In other words... lots of grass.

This post was edited by Ghot on May 3 2023 07:52am
Member
Posts: 111
Joined: Mar 17 2023
Gold: 14.00
#19
May 3 2023 07:58am
Quote (Ghot @ May 3 2023 09:44am)
Well it's a big lawn with lots of weed whacking and lots of cut grass removal.
The lot is 14,000 sq. ft. (80 x 175) ...just about 1/3 of an acre. The 3 apartment house is only 2268 sq. ft.

In other words... lots of grass.


Ahhh. Thought you were saying common residential lawns. This makes more sense.
Member
Posts: 34,649
Joined: Jul 2 2007
Gold: 273.37
#20
May 3 2023 08:00am
The minimum wage is a price floor for labor, so by definition it results in less labor at a higher price compared with an unregulated market. Where labor is absolutely required, businesses will simultaneously try and push those costs onto consumers while investing capital in automation. Everyone can relate to the wave of automation that has taken place in the fast food industry over the past 20 years or so, and the rapid growth of self-checkout.

Whether or not we want a minimum wage comes down to whether or not we think a higher wage for a smaller pool of workers is more important than more labor at slightly lower wages and a slightly larger economy overall. The main challenge with a federal minimum wage is that it must be as low as appropriate for the poorest district or state. A "living" wage in Boston is a world apart from a living wage in Alabama, and a $15 minimum wage in Alabama would clearly be disastrous for the local economy.
Go Back To Political & Religious Debate Topic List
Prev12348Next
Add Reply New Topic New Poll

© 2003-2026 d2jsp  Contact