Sadly, it accelerate inflation.

This means badly paid people have to suffer for the sake of our economy.

>If we raise the minimum wage to $100 everyone will be rich huehuehuehuehuehuhue
Did you miss Econ 101?

>>1490066

Because businesses will either cut production, or cut employees. Regardless, the consumer loses and prices ultimately go up. Essentially nullifying any effect the raise had to begin with.

Then again, it's better that people are making something rather than the .34 cents and hour that the EVUL COPURASHUNS would shell out, right?

It'll increase inflation and also it would destroy jobs.

Small businesses will have even lower, or zero, profit margin.

More employers will seek to employ people who don't have to be paid minimum wage such as illegal immigrants instead of legal citizens.

well. it will have some effects. Theory says less people will be able to work. (cause some people ain't worth the minimum wage. I looking at you teenagers and mentally challenged) Also Theory suggests and evidence bears out that prices will rise on products that involve the production that low wage works are involved in.(making their goods more expensive & not better thus less competitive in the market place)

Why is there even a federal minimum wage in the first place? The cost of living differs from state to state so the states should be the ones deciding minimum wage.

Britfag in peace.

Every dumbfuck conservative econ101 person used every conservative argument against bringing in a minimum wage in 1997.

We still brought it in.

Did any of that shit happen?

No.

I'd rather work for a dollar an hour then have no job at all.

>>1490090

The mentally challenged are actually very good workers. For repetitive menial tasks they do their jobs much better than some lazy kid from a poor neighborhood.

all minimum wage laws do is make low wage jobs impossible to exist.

>>1490097

Cause it is needed to set a standard for wages. People are dumb and lack a lot of information. Minimum wage gives a piece of information to everyone out their. Think about it. how many of you know exactly or even closely what your friends parents of neighbors earn? Workers need some bargaining chip and employers need some of idea of what they can expect to pay.

Part time workers will get less hours, a few small business will go under, the cost of a burger will likely go up a nickel and many labor unions with employees that already get living wages will get a raise because their contracts are indexed to the minimum wage in.

Basically, if you want to make life better for the trucker making 45K a year (or the K-12 teacher making 30K), increasing the minimum wage is a good policy. If you want to make life better for poor people you need to increase funding for healthcare, education, housing and transportation.

>>1490107
>Did any of that shit happen?
Yes.

Take a look at your country now.

Some form of minimum wage is a good idea given the low elasticity of demand for low-paying jobs. However, the attempts by the Obama administration to increase it further is just ridiculous and will harm businesses in this harsh economic environment. The minimum wage (for now) should be around 5-6 dollars. No more.

>>1490107

What are you talking about? Are you unaware of how much inflation we've had since then?

>>1490107

American in peace

Your economy is in shambles. And you're PPI is lower than ours. People in your country choose to sit and collect from the government over working.

Everything you do is going to destroy you.

WAfag here
Greatest minumum wage in the country at 8.55

Feelsgoodman.jpeg

>>1490066
there is no maximum wage to off set it.

>>1490118

yes they are good workers. good workers for minimum wage. I work for a federal agency that keeps track of earnings. (10 internets if you can name it.) I can tell you mentally challenged workers are overwhelming paid minimum wage and the large cost of their employment is what the employer pays for health care.

If you raise it employers will not stop all together or even in a large percentage but some retards will be less likely to be hired.

>>1490130
>american telling someone their economy sucks

lol

Looks like OP doesn't understand how price floors work.

>>1490151

As shitty as the US economy is right now it's still way better than the UK.

CHINESE ECONOMY UP AND GOING TO SURPASS AMERICAN ECONOMY SOON.

>>1490150

Bureau of Labor Statistics?

>>1490135
Yeah there is. Lots of companies screw their employees. They don't care how long you've been working for them or how better you are at the job than the jerkoff they just hired to manage you.

>>1490174

Yes, because there are around a billion Chinese people. Per capita, people in Jamaica are richer than the Chinese.

how else are we supposed to protect the worker from unfair wage policies?

>>1490175

no they use our data.

HInt: We have a mandate to issue a number and post earnings to it. (answer worth 1 internet now)

>>1490066
can't have rich folk without poor folk

>>1490206

But poor people today are richer than middle class people were 100 years ago.

>>1490130

wonderful, now tell me how this is directly related to the minimum wage

unless you're arguing to increase it so no-one can possibly view being on benefits better than working

>>1490126

ok, now tell me how it directly relates to the minimum wage

>>1490128

yes we've had inflation, every country has had inflation

i think you need to compare it to previous levels of inflation though

http://safalra.com/other/historical-uk-inflation-price-conversion/

so no obvious jump up at all

No point, minimum wage increase will cause an increase in the price of goods and services.

>>1490089
>Small businesses will have even lower, or zero, profit margin.

Tax incentives at the end of the fiscal year could be an answer? maybe tax breaks calculated on the ammount of contracted workers with a minimum wage salary.

>>1490223'

seems like the least effective way. lets tax something bad like mega high wages. Tax anyone over 150,000 at 60% and spend more money on Public transit and a health care system. those thing will help the working poor more

>>1490217

this

raise minimum wage to a living wage

>>1490277
>lets tax something bad like mega high wages. Tax anyone over 150,000 at 60% and spend more money on Public transit and a health care system. those thing will help the working poor more

Wowowowow. Im not talking aboot communism. I am sure it's possible to balance out the negative effects of having Minimum wage policies.

More jobs will go over seas.

Raise the minimum wage a couple dollars?

Prefacing, I understand why it is impossible in our current system to raise it and not have all hell break loose.

But fucking come on, people having to work 2 jobs to pay rent? No living wage? No health care? It is a retarded system we live in.

wage slavery is a human right

What's wrong with printing more money?

>op thinks the dollar isn't going to collapse by the end of july

>>1490637
>But fucking come on, people having to work 2 jobs to pay rent? No living wage? No health care? It is a retarded system we live in.

Why would the pond scum of society need that shit? Helping their betters acquire more wealth should be more than enough satisfaction for their worthless lives.

>>1490217
actually we went over a century inflation-free. there's no reason we can't beat back inflation right starting today. problem is our congress doesn't give a shit about this country.

the key is to depress wages so much that no one can afford to buy consumer goods, then employ the elastic band of cheap credit, then when that runs out watch everything collapse.

paying a living wage is so boring.

>>1490735
>this image brought to you by White Guilt (c) Jew Media LTD

What is the minimum wage in the US? In Australia it's $15.50.

>>1490816
$7.25

Minimum wage is considered a middle class income in many countries yet this is what we pay our shit tier workers and despite the gushing surplus of cash that would result should they decide to live a minimalist spartan lifestyle instead of spending the money on community college they spend it on weed, malt liquor, fried chicken and whores.

>>1490816

so that's why all your shit is so expensive!

>>1490835

you're not even joe the plumber tier.

ITT: Trailer Park Philosophers

>>1490835
those UNTERMENSCH are spending their money on ENTERTAINMENT?? FUCKING NIGGERS DESERVE TO BE POOOOOOOOOOORRRRRRR
i'm off to the yacht race see ya

>>1490870
instead of spending our money on stuff like social safety nets, we spend it on two cars per driver. welcome to america. dealwithit.

minimum sage

Huge amounts of societies problems result from income differences. As we supposedly live in a meritocracy, hard workers should do well, however many don't and falsely believe it is because they are inferior

>>1490126
13 years later huehuehuehue

>>1490830
Fuck that's hardly anything, amazing people can live of it. What are they working, 60 hours a week?

>>1490983
more like 20

>>1490983
you get anywhere near living on minimum wage if you are only working 40 hours

>>1490997
*can't get

>>1490816
wow so all your doing is raising the cost of living and bringing down wages for people who have actual skills

>>1491030
as someone in the us who makes minimum wage
fuck you

>>1491046
no fuck you for asking the government to force companies to give you more money than your worth.

>>1491030
the cost of living is going to go up anyway, and quite often blows past minimum wage.

Raising the minimum wage isn't that helpful since the cost of living is already very low throughout much of the US.

The real way to help to make things easier on people, is to drive up the cost of labor so that people that want to work will find they can make a living doing so. In other words, remove the source of the depression of wages.

Last I read, only about 10,000 people are made citizens every year, green cards being somewhere around 100,000 (can hardly remember).

If there was a limit put on illegal immigration it would drive up the value of labor which would make things much easier on most everyone.

Illegal immigrants just swarm cities in every country providing more labor for cheaper prices, which makes things harder on those already in the country that would have done that work had they been able to make a living doing it.

Raising the minimum wage is of no significance as long as people can simply bypass it by hiring illegal labor which allows for you to pay whatever you feel like.

To live on minimum wage I would have to work 15 hours/week.

>>1491030
While so things are more expensive here, but this
>bringing down wages for people who have actual skills
no.

>>1491108
completeoppositeofreality

*some

>>1491110
do you live with your parents or something

Raising minimum wage lowers purchasing power and increases unemployment.

>>1491138
both objectively false, try again

>>1491112
so whats accomplished by giving someone a 50% pay increase if its only going to increase the cost of living by 50%?

>>1491115

That's a nice argument as to why illegal immigration doesn't cause a depression of wages.

>>1491110
>To live on minimum wage I would have to work 150 hours/week.
fixed it for you

>>1491150
I am no expert but minimum wage normally goes up because the cost of living is going up, not the other way around.

The government needs to quit bailing out the fucking trash in our country.

I lived in New York until I was 18 and it was a huge taboo and almost completely unheard of to have a kid before you were AT LEAST 21-22. But see here down in Texas Niggers/Spics/White Trash shoot out kids when they're still in high school because our tax dollars will pay for that baby, and we'll pay for any food they want (including any candy they want to buy with their foodstamps lawlz). Instead of raising minimum wage, we should somehow increase the cost of living across the country to be at the level of Long Island, New York so people will learn to be fucking responsible instead of just relying on the government to cover their asses with all the shitty mistakes they make.

>>1491213
why do you hate america so much

My solution is to go to Denmark. I have my one-way ticket and the promise of a job from a friend of a family friend. Just had my application for a working visa approved and I just got done doing victory laps at that good news.

Health care, living wage, social safety net, stipend for attending university, and the kick ass Danish bros?

Feels good man, enjoy your shitty 'merica

>>1491213
That's a terrible idea.

>>1491242
god i want to get out of this country ;_;

>>1491242
>Health care, living wage, social safety net, stipend for attending university
That's all first world countrys other than Americe, why is that?

America is shit-tier when it comes to "first world" nations. Hell, I just got out 4 years ago and NOT ONCE have I wanted to come back. I live in Germany and am attending my final year of Uni. Despite that, I still have a job that affords me an decent apartment. I get almost a month of paid vacation, get money off my tuition for nothing, and I can afford to go out and do shit every weekend.

Meanwhile in America, bros have to work years to even get a week of paid vacation, pay ungodly amounts in loans that accrue interest, and can't even get a job coming out of college that affords them enough to pay off said loans. Also, unless you have a decent job, you also have to pay for health care. I honestly feel bad for you guys. Germany would revolt if it had to live like you all live.

>>1491277

Because the elite need to be able to get that 4th yacht. Didn't you know?

Ontario Canada, minimum wage here is something retarded like 10.25 I wanna kill everyone. It should be high enough to survive if you work hard, and provide enough motivation to

>>1491283
how to i get out of this homosexual country ;_;
>>1491293
come to the us brah

>>1491293

Reading this reminds me of how Canada used to be good until it started taking cues from America. Despite that, at least we have free health insurance.

higher minimum wage = less jobs.

Business will just higher 9 people instead of 10 and make those 9 people work harder.

Should be trying to lower minimum wage if anything OP.

>>1491313
businesses in the usa do this without any increase in minimum wage
we might as well get some extra money if they're gonna do it

>>1491313

the fiction that americans recite by rote.

>>1491313

Yes, because we want more people to be homeless.

The only solution is broad sweeping reform. It takes time, but it would end up being worth it and it really is the only way. Also, it would have to come through the people demanding it, which I almost have no hope of. Mostly due to people caring more about what happened on Two and a Half Men and waiting for the next Twilight movie instead of what rights they are losing this week. I honestly do hate America...

America is the best eh?

The only places where people actually believe this:

America
Various 3rd world nations

>>1490085

>Because businesses will either cut production, or cut employees.

Usually everyone just raises their prices so the net effect of that minimum wage increase is null.

>>1491313
Here in Australia we have higher minimum wage and lower unemployment than the US.

>>1491401
and australia also is a socialist hellhole

>>1490830
Holy shit. That per hour or something?

>>1491431
ya us min wage $7.25 per hour

>>1491421
We are less socialist than Europe.
>hellhole
Hahahahahaha, we have a higher standard of living than you Americe, enjoy your third world.

>>1491450
yes ill enjoy my freedoms while you die from socialistdeath

You've got to raise it proportionally to the inflation rate. That's all.

Minimum wage where I live is $10.25 an hour. The lowest in the country is $8.00 an hour.

>>1491434
Holy fucking shit. That equates to $1200 per month with a standard (atleast here) job with 5 days of 8 hours each per week.
Where I live, we get $173 per month in the same conditions.

>>1491469
where do you live fucking serbia

>>1491455
Go to Samolia, you will have more freedom there than 'merice.

Business owner here. I mostly sub-contract to my employees, or I pay then via "general labour" (Cash in hand). Raise the minimum wage all you want, I dont care. I mostly escape having to worry about such things due to the nature of how I pay people, and I start inexperienced people out at $15/hr anyways if they dont/wont sub. People WITH experience make $20.50 to start, or more. Although experienced people generally recognize that Subbbing will make them far more money.


I have some advice for young workers who are inexperienced and perhaps live in an area where Illegal immigrants depress wages and oportunities for entry-level positions, make your citizenship work for you, more specifically, make your life of living in your country and speaking the language work for you. Get entry level sales positions. Immigrants, legal or otherwise can *not* compete with you outside of their own cutural bubbles. I know this sounds harsh but its the cold hard truth; your accent, (or rather percieved lack of accent as far as your potential domestic customers are concerned) is worth money. Cash it in.

>>1491469
>$173 per month
That wouldn't even cover my weekly rent here in Aus, where the fuck do you live? Africa?

>>1491131
Rent is $435 including hydro, tv I don't use, internet, etc. Food is only other expense.

I don't live with my parents or people I even knew before moving in with them.

>>1490116

well then you are retarded

>>1490116

Id rather turn to crime then work for 1 dollar an hour, since 1 dollar an hour wouldnt sustain any kind of life anyway.

>>1491617

Most of Africa lives on a dollar a day.

>>1491627
Most of Africa is a crime riddled shit hole.

And I am black.

>>1491617
Drug Traffiking or Growing would be pretty profitable on the east coast, considering most of the weed comes from the west, you can get most of the profits to yourself.

>>1491633
PICS OR IT NEVER HAPPENED
YOU MUST TAKE PIC OF YOUR HAND AND HAVE A WRITTEN TIMESTAMP

>>1491476
Close. Romania. My mom has a lower wage working for the state than the money she would get if she were unemployed.
Things are shit around here. 25% pay cuts, VAT risen from 19% to 24%, Euro is said to rise more than 50%.

>>1491627
and ? that dollar is worth a lot more in africa.

>>1491529

That's a load of crock. There's hundreds of thousands of people in India who have had elocution lessons to make them sound like a John Smith and customer service jobs usually pay the least. And regarding sales, are you freakin kidding me? Sales jobs are the highest paid jobs income wise when bonuses are factored in and you have to have a knack for them you can't just start closing like a baller just because you have an accent that matches 80% of the native population LAWL.

The US should have a $10 minimum coast to coast. And get the fuck out of here with any "LET THE STATES DECIDE, I SUCK THE COCK OF THE CONSTITUTION" bullshit. At the rate we're going with states deciding shit, DC could cease to exist (as we know it anyway) in the next 50 years. We have a fucking federal government for a reason.

Everything from the minimum wage to education not being rewritten by a bunch of fundamentalist loons wouldn't be an issue if the FEDERAL GOVERNMENT OMG made these decisions. I know it's an unpopular stance right now, but it's true. Do you see Canada teaching their kids that bullshit like the Republican Revolution and NRA are worthy of being tested on? No. Why? Because the federal government figures it out, not a bunch of fucking born-again hicks spewing out faux god-fearin' intellectualism on a daily basis.

Fuck this country. I want out SO BAD.

>>1491915

Quebec. But thank you for playing.