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Originally Posted by flstf
Maybe we shouldn't just focus on the low end with minimum wages but also focus on the high end with maximum incomes. If we made a law that the highest incomes cannot exceed 100 times the lowest wages then there would probably be more support to raise them. Yeah, that's the ticket.  |
Yes, we could start by confiscating all motorcycles over 100cc, and make sure no one is allowed to have anything bigger than a moped.
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Originally Posted by pan
Wrong analogy.
By raising wages you raise people's work ethic. You pay people enough to live on you have loyal workers. Again, I defer to Henry Ford's "Pay your workers enough to afford your product and you have a customer for life."
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That has not been my experience. What HAS been my experience is that the more you pay employees, the more time they take off from work, since they have a little extra money.
It then becomes necessary to hire more people just to fill the gaps when someone isn't there, which makes prices go up. I doubt there's a business owner anywhere who hasn't experienced employees that lose their motivation as salary goes up. Professional athletes, anyone?
However, I've always supported a merit or production/sales-based pay plan. In other words, the "If you (the employee) make more, I make more" philosophy is the best of all.
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Originally Posted by j8ear
Minimum wage worked so well in the former Soviet Union. It hasn't worked so far, except in shrinking the number of jobs.
It's really interesting to hear the jealousy and class envy of those who have ZERO understanding of how or why CEOs are compensated.
Above 30k a year for 40 hours a week is some sort of RIGHT? DID someone actually present that here.
I am so taken aback by the reposnses I see in this thread. The arrogance and elitism of the left is astounding. ASTOUNDING. You people actually think you can change the laws of physics, human nature, and economics with your feel good, vote pandering, solve nothing ideas.
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Agreed. First of all, if voting to raise everyone's wages was going to solve poverty, every country would have done it by now. How can anyone be naive enough to think that the cause of poverty is that every government hasn't required wages high enough to stamp it out?
You need look no further than the airlines. The unions make such outrageous demands that eventually, most major airlines bankrupt. Then all the retired employees see their pensions disappear, or at the very least, become significantly smaller.
You can't legislate prosperity.