Billionaire Buffet for higher taxes on the top end.

[FluffyMcDeath]

Employers who pay more get the best and brightest.

The best and brightest shelf stocker? The best and the brightest toilet cleaner? The best and the brightest (insert menial job title here)?

Maybe at the top in the financial industry or banking where the best and brightest con-artists and bullshit-artists are but those crooks don't really pay that much tax.

 

[redrumloa]

The best and brightest shelf stocker? The best and the brightest toilet cleaner? The best and the brightest (insert menial job title here)?

Of course, low paid job or not the more you pay the better help you get. Do you want your workers showing up drunk and/or on drugs? Do you want them sleeping on the job? Do you want them doing a half-assed or third-assed job? Would you rather someone who you pay better than average who is smart enough to know they have a good thing going for the industry and will work to keep their job?

Forget unions for a minute because this concept goes out the window with unions as you breed the laziest of laziest who expect to make multiples of the average worker.

 

[Glaucus]

Sure, unions forgotten. However in times where jobs are scarce, people are willing to work for peanuts. Do you really think shop owners will pay more than they need to when there are so many out there willing to work for less? Add the fact that sales are down and the answer is obvious.

 

[FluffyMcDeath]

However in times where jobs are scarce, people are willing to work for peanuts. Do you really think shop owners will pay more than they need to when there are so many out there willing to work for less?

I remember parents of a friend of mine who owned a restaurant in the UK. They thought Maggie was great because after Maggie they were able to get waiters to work for only tips, staff at no cost. This they considered to be "brilliant".

Perhaps people like this got their businesses torched recently.

 

[FluffyMcDeath]

Forget unions for a minute because this concept goes out the window with unions as you breed the laziest of laziest who expect to make multiples of the average worker.

Not necessarily true. Some unions are lousy, some unions police themselves quite well and take pride in good work. Some unions, like the film unions, simply negotiate the base rates and conditions but individual members contract individually agreeing to hold to those minimums so there is still a level of competition within the industry.

 

[faethor]

Or maybe the solution is to raise the minimum wage?

“Literally, if we took away the minimum wage — if conceivably it was gone — we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.” -- Michele Bachmann, potential Republican Prez candidate for 2012.

 

[cecilia]

“Literally, if we took away the minimum wage — if conceivably it was gone — we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.” -- Michele Bachmann, potential Republican Prez candidate for 2012.

HA! she sure is funny!
oh, yeah! unemployment would be gone, but utter miserable poverty would rule the day!
people would be making 50 ¢ a day!

 

[metalman]

Adam Smith, father of economics and darling of conservatives, believed that income from labour should not be taxed but income from rent (investment income of all types) should be.

Hippocrates is referred to as the father of medicine, but doen't mean he discovered everything about medicine.

Conservatives follow the Austrian School of economic thought, Ludwig von Mises, Friedrick Hayek

 

[metalman]

“Literally, if we took away the minimum wage — if conceivably it was gone — we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.” -- Michele Bachmann, potential Republican Prez candidate for 2012.

A minimum wage limit disrupts market forces of supply and demand. Just because there is no minimum wage doesn't mean companies, still don't have to compete with other companies in the labor. Market factors of supply and demand determine how many jobs are available at each price point. As the minimum wage goes up, the total number of people employed goes down, and the skill level required for the remaining jobs increases, and the incentive increases for the substitution of machines (capital) for labor.

Teenagers, minorities and part time workers are those who are the first to lose jobs as the minimum wage is increased.

Among the major worker groups, the unemployment rates for adult men(9.0 percent), adult women (7.9 percent), teenagers (25.0 percent), whites (8.1 percent), blacks (15.9 percent), and Hispanics (11.3 percent) showed little or no changein July. The jobless rate for Asians was 7.7 percent, not seasonally adjusted.

 

[cecilia]

yeah, sure, tell that to the mexicans who make less because the boss knows they can get away with treating them like slaves

 

[FluffyMcDeath]

Conservatives follow the Austrian School of economic thought, Ludwig von Mises, Friedrick Hayek

Libertarians like Austrian School but it's a stretch to say that all Conservatives prefer Austrian. Many are still Friedmanites.

 

[faethor]

A minimum wage limit disrupts market forces of supply and demand.

And this is an excellent statement of the Republicans problem. You are viewing people as a commodity to be traded and adjusted such as coal or gold. In this view people have no value except as an economic cog. It influences lots of things. Such as, for example, anti-abortion and anti-public education stances. More people and less educated supply high and associated wages down. Then the Republicans go on to further complain the uneducated masses who own nothing don't pay enough to be poor.

Just because there is no minimum wage doesn't mean companies, still don't have to compete with other companies in the labor.

For the best part of the last decade we've seen jobs go overseas to get that worker that makes less than $1/day. Since we have ~20% unemployment how great would it be to cut people off the gov payment and instead offer them $2/day? You might want to start working at turning back the anti-slavery laws too.

As the minimum wage goes up, the total number of people employed goes down, and the skill level required for the remaining jobs increases, and the incentive increases for the substitution of machines (capital) for labor.

Really? I think you're being over simplistic here. For minimum wage was higher in the 50s and 60s than it was during the great depression. Yet employment rates higher and skill levels higher.

Teenagers, minorities and part time workers are those who are the first to lose jobs as the minimum wage is increased.

You'd see me shed no tears to drop child labor from the workforce. It may actually be a good direction during our current status to say one must hire someone over 18 until unemployment dips to 5%, and don't count the kids in the unemployment figures.