while we are talking about economic stimulus i thought i’d bring up the $15 minimum wage.
pros and cons?.
One major grocery decided to go ahead and just start pay $15.00 an hour starting wage even though minimum wage is $7.25.
I bet you will find that most people make over the minimum wage. My question here is, what was the grocer paying before, 14.75 (even though the minimum wage was 7.25)?
More importantly, why do you suppose that anyone would make over the minimum wage?
while we are talking about economic stimulus i thought i’d bring up the $15 minimum wage.
pros and cons?.
Again, it comes back to prices. Where do they come from? What information do prices contain?
If a small diner, for example, in a small town advertises a job for $7.25, why is there this assumption that it could be $15 of only the owner weren't so greedy? It more likely that the job pays 7.25 because that's all that can be paid for that job, and if it's forced to $15, something has got to give. The owner can't lose money, or else the diner eases to exist. So, prices will rise, or the position will be eliminated entirely. If prices must rise to a point where the revenue drops (the coffee is now too expensive), it collapses. But, I guess that small diner wasn't "good enough" to exist?
while we are talking about economic stimulus i thought i’d bring up the $15 minimum wage.
pros and cons?.
@mynameislame:
What is a "decent" wage? Also, who decides if business models are "good" or "bad"?
For example, I'm sure Walmart wouldn't mind raising their lowest wage to $30/hr as long as you are willing to also allow them to cut their staff and raise prices. Do you think it's "good" if this occurs?
while we are talking about economic stimulus i thought i’d bring up the $15 minimum wage.
pros and cons?.
Setting minimum wage, maximum wage, interest rates, etc. is an exercise in price fixing.
The better question : What are prices, what is their function, and is it EVER good to engage in fixing the price by law?
while we are talking about economic stimulus i thought i’d bring up the $15 minimum wage.
pros and cons?.
If we had a minimum wage of $150/hr, then we would all be a wealthy as lawyers, right?
we do talk a lot about how this site doesn’t center on all things jw.
so what would you like to discuss?.
the floor is yours..
@stan: Correct. It's an asshole move on their part, for sure. What next?
anyone following the derek chauvin trial?.
if you are actually following it, not just listening to the media, you will likely realize that there is a huge gap between what is going on in court and what is being reported in the media.. if the trial was fair, i think he should be acquitted.
there is plenty of reasonable doubt about the cause of death (his dealer doesn't want to testify because he could be guilty of 3rd degree murder for selling him a fatal amount of fentanyl) and even doubt over whether the officer even had his knee on the guys neck or did anything counter to what they were meant to do as per policy.. but is it fair?
as if the chinese haven't already done enough to the world recently, they have now let a 22 ton rocket go out of control and start falling to earth.
it's going 18,000 miles an hour and no one knows where it's going to hit but if it isn't water then it might leave a scuff mark.. the good news it is shouldn't be canada, as we're too far north.. the bad news is, well ... are you in canada or the same latitude or more north?.
chances are it will hit the pacific, but it's 2021 and the way things are going it could hit a major population area.. if it does hit anywhere with lots of people, i hope it twats the shit out of beijing..
the president of the united states says we have to do something about this.
many politicians and people agree that we are all affected by the scourge of systemic racism.
what’s your view of this?
@redvip.
I get you. I agree. I was just pointing out that the mindset that spawned "systemic racism" is much more insidious and more akin to a religion. Thinking through it rationally is more like trying to convince the true believer their religion isn't true.
On the other hand, CRT is racism injected into the system.
