Total Posts:35|Showing Posts:1-30|Last Page

# What do you think the minimum wage should be?

 Posts: 21,466 Add as FriendChallenge to a DebateSend a Message 2/2/2015 1:00:53 AMPosted: 2 years agoIm wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.Twocupcakes: "How the f*ck can you respect Osama Bin Laden?!?!" Stymie13: "Simple: he didn't lie to me" 7/14/16 = The Presidency Dies DDO: THE MOVIE = http://www.debate.org... http://www.debate.org... VP of DDO from Dec 14th 2014 to Jan 1st 2015
 Posts: 4,469 Add as FriendChallenge to a DebateSend a Message 2/2/2015 1:03:30 AMPosted: 2 years agoAt 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.In my state, it IS \$9.I would set it at \$15/hr.I like money, and living costs are expensive as hell. :'(Senpai has noticed you.
 Posts: 2 Add as FriendChallenge to a DebateSend a Message 2/9/2015 3:35:05 PMPosted: 2 years agoAt 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.
 Posts: 12,398 Add as FriendChallenge to a DebateSend a Message 2/9/2015 4:03:49 PMPosted: 2 years agoAt 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.Would you be willing to debate this?~ResponsiblyIrresponsible DDO's Economics Messiah
 Posts: 2 Add as FriendChallenge to a DebateSend a Message 2/9/2015 4:08:42 PMPosted: 2 years agoAt 2/9/2015 4:03:49 PM, ResponsiblyIrresponsible wrote:At 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.Would you be willing to debate this?Sure.
 Posts: 12,398 Add as FriendChallenge to a DebateSend a Message 2/9/2015 4:09:05 PMPosted: 2 years agoAt 2/9/2015 4:08:42 PM, BobTheCanOpener wrote:At 2/9/2015 4:03:49 PM, ResponsiblyIrresponsible wrote:At 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.Would you be willing to debate this?Sure.Okay, great. I'll challenge you a bit later.~ResponsiblyIrresponsible DDO's Economics Messiah
 Posts: 726 Add as FriendChallenge to a DebateSend a Message 2/9/2015 4:24:45 PMPosted: 2 years agoAt 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.\$15. Heard of Nick Hanauer? As long as we have wage labor it's still more productive the raise the minimum wage.You can call me Mark if you like.
 Posts: 11,204 Add as FriendChallenge to a DebateSend a Message 2/13/2015 2:22:11 AMPosted: 2 years agoIt would depend on what the elasticity of labor supply is, which is anybodys guess.Open borders debate: http://www.debate.org...
 Posts: 4,706 Add as FriendChallenge to a DebateSend a Message 2/13/2015 3:27:19 AMPosted: 2 years agoAt 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.It's hard to say for a federal min wage because cost of living varies from state to state. If you really want to help min wage workers ban the tip credit system and classify tips as nontaxable gifts.David Hildebrand - The Progressive Alternative to Dianne Feinstein! https://hildebrand2018.nationbuilder.com... When the Fascist and the Communist argue over which ideology is better they're really just arguing over preferred styles of bureaucracy before getting sent to a death camp.
 Posts: 3 Add as FriendChallenge to a DebateSend a Message 2/16/2015 10:16:09 AMPosted: 2 years agoEliminate laws regarding the minimum wage. There should be no legally enforced minimum wage. The government should not regulate how much an employer can pay a voluntary employee. Organized Labor and individuals can bargain for higher wages and better working conditions if they wish to do so.--Zex
 Posts: 12,398 Add as FriendChallenge to a DebateSend a Message 2/16/2015 11:00:13 AMPosted: 2 years agoAt 2/16/2015 10:16:09 AM, ZexLiberty wrote:Eliminate laws regarding the minimum wage. There should be no legally enforced minimum wage. The government should not regulate how much an employer can pay a voluntary employee. Organized Labor and individuals can bargain for higher wages and better working conditions if they wish to do so.I'll say the same thing to you I said to BobtheCanOpener: Would you like to debate this? I think your position is completely silly and counter-factual, and I would love to debate you on the merits of it.~ResponsiblyIrresponsible DDO's Economics Messiah
 Posts: 3 Add as FriendChallenge to a DebateSend a Message 2/16/2015 9:16:21 PMPosted: 2 years agoAt 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.I can't say that a business wouldn't behave in that way, however it would almost certainly be against its own interests to. Your argument implies that businesses are hiring workers that they don't need. If I own my very own gourmet burger-shack I wouldn't expect a minimum wage increase to decrease the amount of burgers I sell. If I were to lay off any employees however, I would either have to either sell fewer/lower quality burgers or find a way to improve efficiency by selling the same amount of burgers with fewer staff. If the second option is possible then any sensible business would persue it regardless of the minimum wage. The first option would only be sensible if the wages make up a large portion of the cost to sell a burger (I believe this would be atypical for most employers, sources forthcoming).Further, businesses have the additional options of accepting lower profits, passing the cost on to customers or restructuring wages. I'll provide some sources for the above and go into more detail hopefully later this evening.
 Posts: 233 Add as FriendChallenge to a DebateSend a Message 2/20/2015 8:20:30 PMPosted: 2 years agoAt 2/16/2015 9:16:21 PM, LittleGnomeChomsky wrote:At 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.I can't say that a business wouldn't behave in that way, however it would almost certainly be against its own interests to. Your argument implies that businesses are hiring workers that they don't need. If I own my very own gourmet burger-shack I wouldn't expect a minimum wage increase to decrease the amount of burgers I sell. If I were to lay off any employees however, I would either have to either sell fewer/lower quality burgers or find a way to improve efficiency by selling the same amount of burgers with fewer staff. If the second option is possible then any sensible business would persue it regardless of the minimum wage. The first option would only be sensible if the wages make up a large portion of the cost to sell a burger (I believe this would be atypical for most employers, sources forthcoming).Further, businesses have the additional options of accepting lower profits, passing the cost on to customers or restructuring wages. I'll provide some sources for the above and go into more detail hopefully later this evening.I never looked at it this way before... interesting."Philosophy is a great conversation that never ends" Writing for this website ----> www.dailyfreethinker.com
 Posts: 10,508 Add as FriendChallenge to a DebateSend a Message 2/22/2015 12:24:56 PMPosted: 2 years agoAt 2/9/2015 4:03:49 PM, ResponsiblyIrresponsible wrote:At 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.Would you be willing to debate this?Yeshttps://www.youtube.com... https://rekonomics.wordpress.com... "A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
 Posts: 10,508 Add as FriendChallenge to a DebateSend a Message 2/22/2015 12:26:27 PMPosted: 2 years agoAt 2/13/2015 2:22:11 AM, darkkermit wrote:It would depend on what the elasticity of labor supply is, which is anybodys guess.^this. It is possible a minimum wage would not harm workers if the wage equilibrium is high. Though the fact studies consistently find small raises in the minimum wage (e.g. \$5 - \$7) suggests, at least for low skilled workers, that it is fairly low.https://www.youtube.com... https://rekonomics.wordpress.com... "A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
 Posts: 12,398 Add as FriendChallenge to a DebateSend a Message 2/22/2015 12:28:35 PMPosted: 2 years agoAt 2/22/2015 12:24:56 PM, 16kadams wrote:At 2/9/2015 4:03:49 PM, ResponsiblyIrresponsible wrote:At 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.Would you be willing to debate this?YesLmfao.That was before the whole "Holy crap, I need to binge read this stuff!" epiphany, lol.~ResponsiblyIrresponsible DDO's Economics Messiah
 Posts: 10,508 Add as FriendChallenge to a DebateSend a Message 2/22/2015 12:30:07 PMPosted: 2 years agoAt 2/22/2015 12:28:35 PM, ResponsiblyIrresponsible wrote:At 2/22/2015 12:24:56 PM, 16kadams wrote:At 2/9/2015 4:03:49 PM, ResponsiblyIrresponsible wrote:At 2/9/2015 3:35:05 PM, BobTheCanOpener wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.The primary drawback of a minimum wage would be out-pricing of unskilled labour. For example, if the minimum wage happens to climb to \$10, a company may decide to fire some employees instead of giving them a raise. Why would they be fired? Because unless the worker can increase their productivity to match the minimum wage, the company would lose money. Thus, it is more financially prudent to lay off the worker. So while a minimum wage sounds beneficial to employees, it ironically may end up generating lay offs for many.Would you be willing to debate this?YesLmfao.That was before the whole "Holy crap, I need to binge read this stuff!" epiphany, lol.lololhttps://www.youtube.com... https://rekonomics.wordpress.com... "A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
 Posts: 6,488 Add as FriendChallenge to a DebateSend a Message 2/22/2015 12:45:19 PMPosted: 2 years agoAt 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.\$10 dollars seems fine, especially considering how much people are struggling. The only issue I feel is that the prices of everything is going to go up as wages do. So I fear it wouldn't make a difference.Empress of DDO (also Poll and Forum "Maintenance" Moderator) "The two most important days in your life is the day you were born, and the day you find out why." ~Mark Twain "Wow" -Doge "Don't believe everything you read on the internet just because there's a picture with a quote next to it." ~Abraham Lincoln Guide to the Polls Section: http://www.debate.org...
 Posts: 12,398 Add as FriendChallenge to a DebateSend a Message 2/22/2015 12:51:49 PMPosted: 2 years agoAt 2/22/2015 12:45:19 PM, PetersSmith wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.\$10 dollars seems fine, especially considering how much people are struggling. The only issue I feel is that the prices of everything is going to go up as wages do. So I fear it wouldn't make a difference.I don't think there's any warrant for that concern, which seems to stipulate that nominal wage increases won't stipulate to increases in real wages. If we increase the minimum wage 10%, let's say, do you truly think that the price level will rise 10%? Mind you, we're talking about a small subset of the labor force, and even when we factor in people who are indirectly affected (people earning slightly above the MW, for instance, who may also receive a raise), the numbers just aren't there. You may se small, targeted price increases in industries, like restaurants, which employ a lot of minimum wage workers, but in the aggregate, there won't be any movements in prices.~ResponsiblyIrresponsible DDO's Economics Messiah
 Posts: 12,398 Add as FriendChallenge to a DebateSend a Message 2/22/2015 1:39:52 PMPosted: 2 years agoAt 2/22/2015 12:51:49 PM, ResponsiblyIrresponsible wrote:At 2/22/2015 12:45:19 PM, PetersSmith wrote:At 2/2/2015 1:00:53 AM, imabench wrote:Im wondering myself and it now is something we have to write a paper about in a class I am taking.The current minimum wage is \$7.50, I was going to make a case for why it should be raised to somewhere between \$9 and \$10, but I am eager to hear any other arguments people have for what they would set it at and why.\$10 dollars seems fine, especially considering how much people are struggling. The only issue I feel is that the prices of everything is going to go up as wages do. So I fear it wouldn't make a difference.I don't think there's any warrant for that concern, which seems to stipulate that nominal wage increases won't translate to increases in real wages. If we increase the minimum wage 10%, let's say, do you truly think that inflation will rise 10%? Mind you, we're talking about a small subset of the labor force, and even when we factor in people who are indirectly affected (people earning slightly above the MW, for instance, who may also receive a raise), the numbers just aren't there. You may see small, targeted price increases in industries, like restaurants, which employ a lot of minimum wage workers, but in the aggregate, there won't be any movements in prices.*fixed~ResponsiblyIrresponsible DDO's Economics Messiah
 Posts: 11,204 Add as FriendChallenge to a DebateSend a Message 2/23/2015 4:59:16 AMPosted: 2 years agoAt 2/22/2015 12:26:27 PM, 16kadams wrote:At 2/13/2015 2:22:11 AM, darkkermit wrote:It would depend on what the elasticity of labor supply is, which is anybodys guess.^this. It is possible a minimum wage would not harm workers if the wage equilibrium is high. Though the fact studies consistently find small raises in the minimum wage (e.g. \$5 - \$7) suggests, at least for low skilled workers, that it is fairly low.Yes problem is that there's not a lot of information on what further raises to the minimum wages would do. People intuitive realize that a certain point increasing the minimum wage would increase unemployment.Open borders debate: http://www.debate.org...
 Posts: 10,508 Add as FriendChallenge to a DebateSend a Message 2/23/2015 8:31:58 AMPosted: 2 years agoAt 2/23/2015 4:59:16 AM, darkkermit wrote:At 2/22/2015 12:26:27 PM, 16kadams wrote:At 2/13/2015 2:22:11 AM, darkkermit wrote:It would depend on what the elasticity of labor supply is, which is anybodys guess.^this. It is possible a minimum wage would not harm workers if the wage equilibrium is high. Though the fact studies consistently find small raises in the minimum wage (e.g. \$5 - \$7) suggests, at least for low skilled workers, that it is fairly low.Yes problem is that there's not a lot of information on what further raises to the minimum wages would do. People intuitive realize that a certain point increasing the minimum wage would increase unemployment.I know that Reich 2012 days you can increase it to \$12 before job losses occur. But others (Neumark et al. 2013) put the wage floor much lower.https://www.youtube.com... https://rekonomics.wordpress.com... "A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross