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I have survived my second annual thinning of the herd

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  • Originally posted by Felch View Post
    Is there evidence to support this hypothesis? Have recent increases in the federal minimum wage been linked to a rise in the Gini coefficient?
    i don't know if that's true but it sounds right. if you give more money to poor people, they will have more money to spend, and because of this will attain a higher standard of living.
    "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

    "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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    • Originally posted by Asher View Post
      If the minimum wage is $10/hr, anyone who would offer to do an existing $10/hr job for $9/hr is being denied that money in favor of someone who earns $10/hr (and is therefore a higher earner).

      Comment


      • Originally posted by MikeH View Post
        Why shouldn't the person in the job's interest be prioritised?
        Because the unemployed are people too?

        The basic premise behind most (progressive) redistributive policies seems to be that we should help those who are worse off in preference to those who are better off. The minimum wage has the opposite effect.

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        • It's a sorry state of affairs that a person would put up with colleagues who aren't pulling their own weight because he's scared of being fired himself.
          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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          • The real question is why shouldn't Robert Plomp be part of a thinning of the herd?
            Try http://wordforge.net/index.php for discussion and debate.

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            • Originally posted by Kuciwalker View Post
              MikeH still hasn't to #163, the most important point. If an unemployed person offers to do my job for less (pay or other benefits such as severance) why should my interest in the job be prioritized over theirs?
              From a UK job market perspective...
              If you are willing to work below the market rate, and are equally competent, you are probably going to find a job in the market without needing to take someone else's directly. Maybe I am being naive.

              If you find yourself in a job for a long period of time at above market rate, due to attrition of the process in the previous sentence, I would say renegotiating salary down would be more appropriate (and desirable) than allowing jobs to be poached. However, I consider this happens to an extent already, albeit slowly - people who have above market rate salaries (e.g. given originally as an enticement to join) will find a drag on their annual pay increases until such point as they are paid market rate again. The current economic environment of near nil% increases in salaries has changed the rate of this mechanic though.
              One day Canada will rule the world, and then we'll all be sorry.

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              • From a UK job market perspective...
                If you are willing to work below the market rate, and are equally competent, you are probably going to find a job in the market without needing to take someone else's directly. Maybe I am being naive.


                I am talking about people for whom the market rate is at or below the minimum wage.

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                • Originally posted by Kuciwalker View Post
                  If the minimum wage is $10/hr, anyone who would offer to do an existing $10/hr job for $9/hr is being denied that money in favor of someone who earns $10/hr (and is therefore a higher earner).
                  Ugh, it sounds like you prefer workers competing on wages rather than skills.
                  “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                  "Capitalism ho!"

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                  • also, the guy who is willing to work for $9/hr is going to be paid $10/hr when he too gets a minimum wage job. so in the end both people benefit.
                    "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

                    "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

                    Comment


                    • Originally posted by DaShi View Post
                      Ugh, it sounds like you prefer workers competing on wages rather than skills.
                      No, I prefer even people who don't have many skills being able to find employment.

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                      • That's what charities are for. But seriously, your argument is that a less skilled worker willing to take $9/hour should have a job over a more skilled worker at $10. At some point you go down to a monkey willing to do it for peanuts.
                        “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                        "Capitalism ho!"

                        Comment


                        • Hell, I'll do KH's job for $500 less a month.
                          “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                          "Capitalism ho!"

                          Comment


                          • Originally posted by DaShi View Post
                            That's what charities are for. But seriously, your argument is that a less skilled worker willing to take $9/hour should have a job over a more skilled worker at $10. At some point you go down to a monkey willing to do it for peanuts.
                            Don't you think the guy running the business employing this 10$ per hour dude is better at determining whether his skills are worth a dollar an hour than the government is?
                            12-17-10 Mohamed Bouazizi NEVER FORGET
                            Stadtluft Macht Frei
                            Killing it is the new killing it
                            Ultima Ratio Regum

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                            • Originally posted by C0ckney View Post
                              also, the guy who is willing to work for $9/hr is going to be paid $10/hr when he too gets a minimum wage job. so in the end both people benefit.
                              12-17-10 Mohamed Bouazizi NEVER FORGET
                              Stadtluft Macht Frei
                              Killing it is the new killing it
                              Ultima Ratio Regum

                              Comment


                              • Originally posted by KrazyHorse View Post
                                Don't you think the guy running the business employing this 10$ per hour dude is better at determining whether his skills are worth a dollar an hour than the government is?
                                No more than the next guy.
                                “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                                "Capitalism ho!"

                                Comment

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