The Instigator
primeministerJoshua812
Pro (for)
The Contender
picklerickman55455454545
Con (against)

The right minimum wage is $0.00

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Voting Style: Open Point System: 7 Point
Started: 6/20/2018 Category: Politics
Updated: 3 years ago Status: Debating Period
Viewed: 445 times Debate No: 115822
Debate Rounds (5)
Comments (6)
Votes (0)

 

primeministerJoshua812

Pro

"The Right Minimum Wage: $0.00."

That was the headline of an editorial in one of America's most prestigious newspapers. Can you guess which one? The Wall Street Journal, perhaps? Right city; wrong paper. This editorial appeared in the New York Times in 1987. "There's a virtual consensus among economists," the Times wrote, "that the minimum wage is an idea whose time has passed." So, economists and the liberal paper were on the same page (pun intended).

Why?

Because they understood that a minimum wage does not guarantee jobs. It guarantees only that those who get jobs will be paid at least that minimum. And that leads to two bad outcomes: unemployment and higher prices.
I can best explain this by asking a simple question: What is a wage? A wage is the price of labour. Now, what happens if the price of labour rises, not because workers have become more productive, not because a business must pay higher wages to hold on to valuable employees, but only because the government requires it?

When the minimum wage rises, employers will adjust. They will use less labour. They'll fire current employees or cut back on their hours. They will also raise prices for their goods or services. These are undesirable consequences. But let's also consider another bad effect Businesses will hire fewer workers, especially those with little or no job experience.

Suppose you're young and haven't worked many jobs before. Maybe you've never had a job and are trying to land your first one. The work you can offer an employer may be worth only, say, $7 an hour. You agree. He agrees. And you have your first job.

But what if the minimum wage set by the government is higher than $7? What if it's $10 or more? Well, you won't get the job. You may be willing to work for $7 an hour, but under minimum wage laws, it would be illegal for you to do so.
This very point was made by Paul Samuelson, one of the leading economists of the twentieth century, and a prominent liberal. I paraphrase from his classic textbook Economics: "What good does it do a black youth to know that an employer must pay him a minimum wage if the fact that he must be paid that wage keeps him from getting a job?"

And, that young person loses more than a paycheck. He also loses valuable work experience: learning to accept responsibility, dealing with a boss, getting along with co-workers -- all the things that demonstrate to an employer that he made the right choice in hiring; and all the things that will help that young person get a better paying job down the road.

A recent study found that in some cities the unemployment rate for teens without a high school diploma approached 50%. Pricing these teens out of the labour market does them no favours. It's not doing the rest of society any favours, either. Teenagers who can't find jobs often find trouble.
Advocates of a higher minimum wage argue that, while some young people might be priced out of the job market, this is outweighed by the fact that those who have minimum wage jobs will get a wage increase. But that doesn't mean they'd be better off.
picklerickman55455454545

Con

xDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxDxD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Debate Round No. 5
6 comments have been posted on this debate. Showing 1 through 6 records.
Posted by Stupidape 3 years ago
Stupidape
Forgot the link lol.

https://www.thebalance.com...
Posted by Stupidape 3 years ago
Stupidape
Here is an article explaining the minimum wage and its importance.
Posted by picklerickman55455454545 3 years ago
picklerickman55455454545
i love books
Posted by asta 3 years ago
asta
I'm not wanting to debate, but I want you to win, so don't give away your argument in the 1st round.
Posted by asta 3 years ago
asta
Make the 1st round an acceptance round and in the 2nd round, post your argument. In the meantime, save it on an online document.
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