The Instigator
RonPaulConservative
Pro (for)
The Contender
TheRealSpassky101
Con (against)

Raising the minimum wage won't solve anything

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Argument Due
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Voting Style: Open Point System: 7 Point
Started: 11/30/2016 Category: Economics
Updated: 2 days ago Status: Debating Period
Viewed: 93 times Debate No: 97511
Debate Rounds (5)
Comments (1)
Votes (0)

 

RonPaulConservative

Pro

The resolution is that raising the minimum wage can't solve anything for the middle and working classes.
TheRealSpassky101

Con

I will let you have the first argument.
Debate Round No. 1
RonPaulConservative

Pro

Raising the minimum wage won't solve anything because they could just inflate the money, and make that 15$ a our worth even less than 7.25$.

TheRealSpassky101

Con

You fail to see the point of a Federal Reserve; you probably should not rely on Internet memes to beat me in an argument. The problem with a low income is a cause of inequality, i.e. the rich is shanking you out of your money, and if you don't agree to their mugging, they kill you with even lower wages or the outsourcing of your job.
Debate Round No. 2
RonPaulConservative

Pro

MINIMUM WAGE IN 1968
Who's relying on Internet memes? I used one to show a point, but either way Gold and Silver retain their value almost exactly over long periods of time, so they are the best way to measure value or inflation. So let's take the minimum wage in 1968, 1.10$, {1} at this date, 1 Dollar was defined as 0.984 ounces of silver. The current price of silver is 16.80$ {2} (this could go up a few cents tomorrow). Adapted to the current Silver Price the minimum wage in 1968 was 18.22$.

THE FEDERAL RESERVE
The point of the Federal Reserve was to combat the new trend that arose in the 1910's called a middle class so the Federal Reserve was invented to rob them of all their wealth through inflation and manipulation of the money supply. It is a private bank that serves the interests of its shareholders, the big bankers.
They'll just inflate the money, and make 15$ a hour worth less than 7.25$ a hour. They did it before they'll do it again.

WEALTH INEQUALITY?
It isn't wealth inequality that has caused these phenomenally low wages, someone else earning more doesn't somehow mean that you earn less as a result. Wages are so low because the market is no longer competitive for it. And that is likely because nonsensical regulations make hiring workers very hard, jobs are being sent overseas because of massive corporate taxes and regulations, and all the big businesses are colluding these days.

{1}. https://www.dol.gov...
{2}. https://www.moneymetals.com...
{3}.
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Debate Round No. 3
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Debate Round No. 4
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Debate Round No. 5
1 comment has been posted on this debate.
Posted by TheRealSpassky101 2 days ago
TheRealSpassky101
It is also illegal to melt money; that is a federal crime.
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