Earlier quoted context omitted.
When a person is desperate, 'voluntary' starts to lose all meaning. If you are dead broke and half starved and I offered you a take it or leave it offer to work carrying rocks for $2 an hour so you can get a sandwich and you agree, is that really voluntary? I do agree with you about teenagers and other people that don't need the money in order to live. For dependents and people that agree not to get public assistance…
Yes, it's much better to prevent any employment opportunity for that person. Situation A: I can choose between no employment (bad), and exploitative employment (slightly less bad). Situation B: With the benevolent intention of a minimum wage legislated into existence, I can "choose" no employment (same bad as before). You don't make someone worse off by increasing the number of options. You don't make people better o…
A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
221–230 of 235 posts
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#222Probably an unpopular opinion, but: Isn't raising the minimum essentially trying to save a sinking ship by adding more water to the ocean? Seems like time would be better spent ensuring that everyone has food, housing, and healthcare no matter what they do (easier said than done, of course).
It's more like trying to save a sinking ship by telling the crew on the ship they can only use high-quality licensed ship repair equipment, instead patching the holes with whatever they can improvise. Yes, it would be better if they used high quality hull repair equipment, but sometimes it's not available and insisting that's the only thing you're allowed to use while the ship is sinking and people are struggling to…
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#223Earlier quoted context omitted.
Whether they deserve or it or not doesn't change whether the market will support it. Some people making 10 dollars an hour might get a raise to 13, but some might just get fired. So law decides that someone whose labor is only worth 10 dollars to the market is better off banned from working.
I'm willing to entertain other ideas. If the living wage is X and the minimum wage is Y < X, then someone has to make up the difference. Two methods to make up the gap that make sense to me are taxation and redistribution, or raising the minimum wage. How do you suggest to make up the gap?
Minimum wage and other forms of welfare just don't make sense compared to a simple, clean, basic income.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#224Earlier quoted context omitted.
When a person is desperate, 'voluntary' starts to lose all meaning. If you are dead broke and half starved and I offered you a take it or leave it offer to work carrying rocks for $2 an hour so you can get a sandwich and you agree, is that really voluntary? I do agree with you about teenagers and other people that don't need the money in order to live. For dependents and people that agree not to get public assistance…
Yes, it's much better to prevent any employment opportunity for that person. Situation A: I can choose between no employment (bad), and exploitative employment (slightly less bad). Situation B: With the benevolent intention of a minimum wage legislated into existence, I can "choose" no employment (same bad as before). You don't make someone worse off by increasing the number of options. You don't make people better o…
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#225Earlier quoted context omitted.
This line of thinking leads to allowing people to sell themselves into slavery. Do we need to solve homelessness? Absolutely. We do not do this by propping up businesses and properties that rely on below livable wages. I can buy some level of slippery slope at play here. But, by and large, this frames it in a way that allows sub-livable wages. So, you can think my "side" is framing this in a way to justify it. This d…
What's wrong with allowing people to sell themselves into what you call slavery? Assuming it's a bad decision (makes their lives worse off), the problem is that they make a bad decision. In that case, it might make sense to create a regulation that forbids people making bad decisions. If it's a good decision, there's no point forbidding it.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#226Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#227Earlier quoted context omitted.
It's more like trying to save a sinking ship by telling the crew on the ship they can only use high-quality licensed ship repair equipment, instead patching the holes with whatever they can improvise. Yes, it would be better if they used high quality hull repair equipment, but sometimes it's not available and insisting that's the only thing you're allowed to use while the ship is sinking and people are struggling to…
Yeah, fair. People need help now. But how long can we continue kicking this problem down the road. We need to tie this thing to inflation or just admit that it's not the solution.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#228Earlier quoted context omitted.
Part of my point is that some people very loudly point out the flaws of minimum wages - and they have some valid arguments - but them seem to hem and haw a lot about finding better solutions for that subset of people who are in real trouble.
And my point is that, it is fine to want to help people, but doing something that clearly hurts them is not the right way to do that. Maybe those better solutions have the same dynamics. Economics is all about trade-offs; many of them are hard to evaluate and some of them are not worth making. Minimum Wage increases to $15/hour seem more and more to be not worth making.
Taking a job which provides no on-the-job training, and takes no skill keeps someone where they are. Because they aren't learning anything they are stuck doing jobs at this level forever.
If a person is prodded into learning a skill in order to reach the bottom($15/hour) rung, and then at the $15/hour level, the person is doing skilled work, they will be defacto receiving on-the-job training, since they are providing some skill.
As long as there is a big enough social safety net, and access to resources like the library and the internet, unskilled and unemployed people will at least have the opportunity and a motive to learn.
It's really too early to tell whether a higher minimum wage will result in a more skilled, educated populous in the long run. But it does fit the data that most (all?) first world countries have a relatively high minimum wage and social safety net. It could be argued that a high minimum wage is partly how they got there.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#229Earlier quoted context omitted.
Or, if no company is willing to pay a living wage to accomplish a task, does it need to be done?
Perhaps not, or more likely it doesn't need to be done in the jurisdiction of the forced minimum. For fully localized jobs that cannot move (ex: waiter) that means they probably won't exist at all and the business will close down.
Re: A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news
#230Earlier quoted context omitted.
Or, if no company is willing to pay a living wage to accomplish a task, does it need to be done?
Companies will pay at most the value that a worker creates. It makes no sense to pay minimum wage, if the worker creates less value than that.