Author Topic: Minimum wage  (Read 6209 times)

Sinlingual

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Minimum wage
« on: October 23, 2008, 08:20:09 PM »
Pretty self explanatory. I'd think it be an interesting one like the war on drugs one.


MrBogosity

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Re: Minimum wage
« Reply #1 on: October 23, 2008, 09:01:28 PM »
There's a lot of good info, especially from an economist named David Neumark. It'd be doable from a debunking standpoint, the only issue would be finding videos.

If you know of any, post 'em here!

Sinlingual

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Re: Minimum wage
« Reply #2 on: October 23, 2008, 09:11:09 PM »
alright i'll try to find some for ya mate.


Tom S. Fox

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Re: Minimum wage
« Reply #3 on: October 23, 2008, 09:15:07 PM »
Excuse my ignorance, but what’s the deal with minimum wages?

chrisch

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Re: Minimum wage
« Reply #4 on: October 23, 2008, 09:22:19 PM »
Quote from: wikipedia
There is a broad consensus among economists that minimum wage laws distort the price mechanism and hurt the very people they are intended to help. Almost three-quarters (73%) of labor economists believe that an increase in the minimum wage increases unemployment. Only 6% believe that an increase in the minimum wage increases employment. When asked which of three policy alternatives (the minimum wage, the earned income tax credit, general welfare) best helps poor families, only 9% of economists cited the minimum wage (70% cited the earned income tax credit).Both supporters and opponents of the minimum wage assert that the issue is a matter of ethics and social justice involving worker exploitation and earning ability. Supporters claim that increases in the minimum wage increase workers' earning power and protect workers against employer exploitation. Opponents claim that increases in the minimum wage increase unemployment; and the unemployment caused outweighs the benefits to minimum wage workers who remain employed, while allowing businesses to more effectively exploit the minimum wage workers who remain.

As far as I know, the minimum wage is often a slogan used by a lot of socialistic party's to try to buy voters.

I guess, like in any debate, both sides have good points, but I haven't done the research to know the in's and out of this, so don't take my word.
« Last Edit: October 23, 2008, 09:34:19 PM by chrisch »

Sinlingual

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Re: Minimum wage
« Reply #5 on: October 23, 2008, 09:24:51 PM »
Excuse my ignorance, but what’s the deal with minimum wages?

Basically minimum wage is anti-small business. And it also causes inflation. here are a few articles that may help.

Stolen from the description from shane's
America's Political False Dichotomy
Video
http://www.ruwart.com/Healing/chap3.html
http://www.epionline.org/news_detail.cfm?rid=180


MrBogosity

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Re: Minimum wage
« Reply #6 on: October 23, 2008, 10:36:13 PM »
Harry Browne summed it up best when he took a news headline, "There was a victory for workers today as Congress increased the Minimum Wage to $6 an hour," and said that it should be, "Workers were dealt a harsh blow today when Congress decreed that no one who can't demand $6 an hour or more should be allowed to have a job."

Sinlingual

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Re: Minimum wage
« Reply #7 on: October 24, 2008, 08:20:19 AM »
Video pro minimum wage:
http://uk.youtube.com/watch?v=pbxFIKNdF9I
Click the only video there, it's about half hour long<-- great one to debunk i think

More videos to come...
« Last Edit: October 24, 2008, 08:05:41 PM by Sinlingual »


Sinlingual

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Re: Minimum wage
« Reply #8 on: October 24, 2008, 09:10:18 PM »
links updated.

Don't know if double postings allowed. So sorry if i broke those rules


Real Captain Olimar

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Re: Minimum wage
« Reply #9 on: October 27, 2008, 06:08:03 PM »
"Small Pay."