Should Gov't. be sticking it's nose into minimum wage regulation?

[Tonington]

I think the answer is, it depends. They should have a good reason for legislating minimum wage. For example, you can't just assume that increasing minimum wage will increase aggregate demand in the market. It depends on the situation, like if there is a risk of deflation or the market has monopsony characteristics.

In the end though, you still have to weigh this option against other options, like monetary or fiscal policies.

 

[JLM]

I dunno..

maybe we don't need to base ourselves on money.

start from the top.. we all work and we get what we need to live.

nobody charges you money to buy anything..

nothing is ever priced.. you just make it.

Wait until you need brain surgery (maybe soon) and see how that one would fly. :lol:

why are people so afraid and so against Socialist ideals?

what you don't want to be able to buy stuff and not have to worry about whether or not you can afford it?

It's not so much "being afraid" as there is no incentive in the system for an ambitious person with capabilities.

 

[Chiliagon]

Wait until you need brain surgery (maybe soon) and see how that one would fly. :lol:



It's not so much "being afraid" as there is no incentive in the system for an ambitious person with capabilities.

well, I hate to get Star Trekky here..

but they do explain that their purpose was to improve themselves! not to earn money.

make their life fulfilling and complete as possible.

and we all know that money can't make that possible. it helps get you started but it can't make you happy.

 

[JLM]

No but it can prevent you from being miserable.

 

[Ariadne]

why are people so afraid and so against Socialist ideals?

what you don't want to be able to buy stuff and not have to worry about whether or not you can afford it?

People with nothing; those that spend everything they earn and more, are all in favour of being handed a better quality of life that is carefully planned and earned by others. They are typically socialist and NDP. Those that worked hard for everything they have, that carefully saved and planned their lives are not in favour of handing half of what they have to people that lived carelessly.

Not everyone is afraid of socialist ideals, but rather those that ensured a good quality of life and worked hard to achieve it do not want to then provide for those that are unable to manage their finances.

well, I hate to get Star Trekky here..

but they do explain that their purpose was to improve themselves! not to earn money.

make their life fulfilling and complete as possible.

and we all know that money can't make that possible. it helps get you started but it can't make you happy.

Perhaps people that cannot manage their finances should look to bettering themselves, rather than expect those that already bettered themselves to hand over their earnings.

 

[JLM]

People with nothing; those that spend everything they earn and more, are all in favour of being handed a better quality of life that is carefully planned and earned by others. They are typically socialist and NDP. Those that worked hard for everything they have, that carefully saved and planned their lives are not in favour of handing half of what they have to people that lived carelessly.

Not everyone is afraid of socialist ideals, but rather those that ensured a good quality of life and worked hard to achieve it do not want to then provide for those that are unable to manage their finances.



Perhaps people that cannot manage their finances should look to bettering themselves, rather than expect those that already bettered themselves to hand over their earnings.

Yep, there's an old saying "Plan your work and work your plan"- seems to work quite well.

 

[Ariadne]

It all comes down to the ant and the grasshopper. The ant worked hard preparing for the future, the grasshopper played his fiddle and had fun day after day. When the cold winter blew in, the ant was prepared, but the grasshopper was out in the cold pleading with the ant to now share his hard work with the lazy grasshopper.

Socialism would force the ant to share with the grasshopper ... which ultimately results in the ant doing nothing, like the grasshopper, because hard work does not allow anyone to get ahead. Since the government provides an equal quality of life, everyone is equally poor.

 

[Tonington]

And socialism is what catches the ant who falls ill and can no longer collect food. With no socialism...well ants just dump the workers who were worked to death out of the colony, if they fall ill they are forcibly removed and left to fend for themselves...

As always, the optimum is somewhere in the huge gulf of middle...

 

[JLM]

And socialism is what catches the ant who falls ill and can no longer collect food. With no socialism...well ants just dump the workers who were worked to death out of the colony, if they fall ill they are forcibly removed and left to fend for themselves...

As always, the optimum is somewhere in the huge gulf of middle...

Couldn't a little insurance be substituted for Socialism?

 

[Ariadne]

I'm all for it. Let's have a national health care system where everyone is entitled to basic health care, and everyone has the right to purchase additional insurance for specialized care and cost reduction.

Canada has it figured out without Socialism ... for the most part, Canadians still pay more taxes with more pay ... but that's to subsidize public expenses for the guys that earn less.

 

[Kreskin]

It wouldn't surprise me if some day there was no minimum wage.

 

[JLM]

It wouldn't surprise me if some day there was no minimum wage.

Now you are on to something. Why should the Gov't. impose a minimum wage on employers when they have no idea of the ability of the employees they are hiring?

 

[Ariadne]

I think that if a minimum wage was not set, some employers would cause a disproportionate number of people to be living below the poverty level.

 

[taxslave]

well, I hate to get Star Trekky here..

but they do explain that their purpose was to improve themselves! not to earn money.

make their life fulfilling and complete as possible.

and we all know that money can't make that possible. it helps get you started but it can't make you happy.

Making money is how most of us improve ourselves. Unless you want to live in a tree stump and scavenge at the local dump for food.
I most certainly would not work 12hrs. a day if the guy next door got the same goodies as I do for less work or even for work of lessor value.

 

[Kreskin]

Now you are on to something. Why should the Gov't. impose a minimum wage on employers when they have no idea of the ability of the employees they are hiring?

I agree. The market can take care of itself. No one has to accept a specific job.

 

[JLM]

I think that if a minimum wage was not set, some employers would cause a disproportionate number of people to be living below the poverty level.

Employees with ability and a brain could sort this out for themselves. Mr. McDonald might rethink the situation at 6 A.M. when no one shows up to deliver the bacon and eggers.

 

[Ariadne]

It's easy to exploit some groups, like teenagers and new immigrants. There needs to be laws to protect vulnerable groups.

 

[taxslave]

Employees with ability and a brain could sort this out for themselves. Mr. McDonald might rethink the situation at 6 A.M. when no one shows up to deliver the bacon and eggers.

That was kind of my thought on it. You get what you pay for/ pay for what you get. It works both ways. A good employee should be paid more than a useless one regardless of what unions think. As a business owner for many years I always paid better than union rates to good employees, especially equipment operators. Those that were no good and I don't mean lacking training or experience just did not stay. When you pay poorly expect that type of employee.

 

[JLM]

It's easy to exploit some groups, like teenagers and new immigrants. There needs to be laws to protect vulnerable groups.

Vulnerable people (and I'm don't mean mentally handicapped) will always be vulnerable as long as someone is watching out for them. In this world there are winners and losers and those who want to be winners generally are.

 

[Ariadne]

Yes, and many people need someone to have their back; most people, in fact. Everyone is vulnerable in some situation Placing vulnerable people in situations where they feel unsafe will not cure them of needing someone to have their back.

Even people that are born lucky have an unlucky patch and, because they are so lucky, the unlucky is sometimes bad. Still, for those that are born lucky, the bad patch is short lived. Winners, loser, lucky, unlucky ... everyone is vulnerable at some point.