3 ms·

Have you seen what $15 buys nowadays? Nobody is worth less then $15 an hour. Nobody.

syshum 6y ago
Yes, and a single person in may area can easily survive on that, a couple with no kids could likely afford to buy home with no problems. I have a feeling you live in one of deep blue cities where rent for a small apartment is $2,000 a month. That said however, you have made a common mistake the people advocating for artificial increased in minimum wage make. It is not about what the person is "worth", it is about how much revenue a business can make off that labor if a business has to pay $15 for labor, but can only resell that labor for $10, there is no job. hell even if a business can resell the labor for $15 there is no job. This is economic reality, I know using emotion to talk about a persons "worth" may seem like a valid argument but it is not. If the economic reality was just as simple as declearing labor is worth $15 by fiat, then why stop at $15, why not $20 or $50, hell let just demand everyone make $1,000,000 a year we will all be millionaries. You likely easily see why this reducto absurdum I am sure you will reject it as a fallacy but the economic reality does not change If you want to see wages increase you have to increase the value of labor, and government regulation can not simply demand the value of labor increase. Attempts to do so often have very bad unintended consequences
- pnutjam 6y ago
  People love the stupid make it a million dollars argument, thanks for throwing that garbage in here. You can absolutely set a floor for labor. Go back and study some history, then maybe you'll be able to understand.
  - syshum 6y ago
    >>Go back and study some history, I know history rather well, this is why i am opposed to centrally planned economies, They always fail and always cause more suffering then they resolve
    - pnutjam 6y ago
      Minimum wage is not centrally planned. It's setting a monetary value. Prices go up without it anyway.

Yes, and a single person in may area can easily survive on that, a couple with no kids could likely afford to buy home with no problems. I have a feeling you live in one of deep blue cities where rent for a small apartment is $2,000 a month. That said however, you have made a common mistake the people advocating for artificial increased in minimum wage make. It is not about what the person is "worth", it is about how much revenue a business can make off that labor if a business has to pay $15 for labor, but can only resell that labor for $10, there is no job. hell even if a business can resell the labor for $15 there is no job. This is economic reality, I know using emotion to talk about a persons "worth" may seem like a valid argument but it is not. If the economic reality was just as simple as declearing labor is worth $15 by fiat, then why stop at $15, why not $20 or $50, hell let just demand everyone make $1,000,000 a year we will all be millionaries. You likely easily see why this reducto absurdum I am sure you will reject it as a fallacy but the economic reality does not change If you want to see wages increase you have to increase the value of labor, and government regulation can not simply demand the value of labor increase. Attempts to do so often have very bad unintended consequences

pnutjam 6y ago
People love the stupid make it a million dollars argument, thanks for throwing that garbage in here. You can absolutely set a floor for labor. Go back and study some history, then maybe you'll be able to understand.
- syshum 6y ago
  >>Go back and study some history, I know history rather well, this is why i am opposed to centrally planned economies, They always fail and always cause more suffering then they resolve
  - pnutjam 6y ago
    Minimum wage is not centrally planned. It's setting a monetary value. Prices go up without it anyway.