40 Hour Work Week In Peril?

[kuronosan]

If labor was in demand, the employees would be in a better position to bargin on these issues. But because of immigration, the minimum wage and other job killing regulations created by the Governement, the workers has to submit to poorer contracts from employers. The Gov creates a negative spiral where it kills jobs, which in turn lowers the demand for labor, which then gets dumped on the worker. In an attempt to help out the worker Gov kills more jobs and the spiral continues.

Price fixing, as fixing the price of labor(minimum wage) has disastrous consequences. Only the free market can save this situation. Let the free market create more jobs, which will stimulate better working conditions for the worker. Only free markets and competition can flurish the economy.

LET THE FREE MARKET WORK! IT'S WORKED GREAT SO FAR SINCE WE DROPPED ALL DEM REGULATIONS THAT WAS HOLDING BACK PROGRESS~!

[Callisto]

Capitalist with no concept of how the labor market works, imagine that.

Hint: Companies do not hire people when/because they can 'afford to'.

[Helm]

I'm generally amazed test hasn't gotten bitched with a ban-stick yet. ` - . )

[djzombie]

Price fixing, as fixing the price of labor(minimum wage) has disastrous consequences. Only the free market can save this situation. Let the free market create more jobs, which will stimulate better working conditions for the worker. Only free markets and competition can flurish the economy.

Yeah totally, lets remove the requirement that employers pay employees a certain amount of money per hour. Surely this will be good for workers when employers can hire 8 workers for what they used to pay one. It will certainly create jobs, thats for god damned sure.

FREE DEM MARKETZ.

[Plow]

Duh, not having a job is a totally legitimate option for anyone to choose, all they have to do is remind them that labor is in demand!

[test123]

Minimum wage helps a small number of people, but hurt a huge amount of other people. All of the unemployed could be participating in growing the economy, but instead they are a drain on everyone else. Think of it this way, how long do you have to work to save up 100k$. Take your income, subtract taxes, rent and other expenditures. The money left is your savings. It would take years to save up 100k$. Lets assume it takes 10 years to save 100k$, should you go unemployed it can take 2-3 years for that 100k$ buffer to be used up.

So you spend 10 years of your life savings to pay for 2-3 years of unemployment. Lets transfer this principle to the economy. There are 11.7 million registered unemplyed people in the US. You need 40-50 million people working just to cover the expenses of the unemployed. The remaining workforce is left to grow the economy on their own.

Everyone must contribute, even if it is just 5$/hr... It's better for the economy then sitting on the sofa.

[Helm]

Oh, you.

[Callisto]

12/10, A++++++

[Melena]

LOL@Test if he thinks people will even make $5.00 an hour if minimum wage was abolished at a good chunk of jobs.

Actually, test should go read the grapes of wrath to get an idea of what no minimum wage during a massive downturn of the economy will do.

[Edelweiss]

I think reading something other than Ayn Rand would be an improvement for the dude.

[ronin sparthos]

Some men just want to watch the world burn.

[test123]

LOL@Test if he thinks people will even make $5.00 an hour if minimum wage was abolished at a good chunk of jobs.

You can go in the right direction by lowering the minimum wage instead of abolishing it. If lowering it by 2$ means opening up 1 million new jobs, who here will say it is not worth it?

[Headspace]

Probably people making $2/hr less than they were

[Acevalefor]

You can go in the right direction by lowering the minimum wage instead of abolishing it. If lowering it by 2$ means opening up 1 million new jobs, who here will say it is not worth it?

Poe is here in force.

Something about livable wage too.

Out of curiosity test, what do you do for a living and about (ball-park figure) how much do you make? Additionally, where do you live and how many of your own expenses do you pay?

[archibaldcrane]

I will. 1 million part-time, below $8/hour jobs is meaningless for our economy. That does not get anyone out of poverty, and barely decreases the burden on social services.

[kuronosan]

Minimum wage helps a small number of people, but hurt a huge amount of other people. All of the unemployed could be participating in growing the economy, but instead they are a drain on everyone else. Think of it this way, how long do you have to work to save up 100k$. Take your income, subtract taxes, rent and other expenditures. The money left is your savings. It would take years to save up 100k$. Lets assume it takes 10 years to save 100k$, should you go unemployed it can take 2-3 years for that 100k$ buffer to be used up.

So you spend 10 years of your life savings to pay for 2-3 years of unemployment. Lets transfer this principle to the economy. There are 11.7 million registered unemplyed people in the US. You need 40-50 million people working just to cover the expenses of the unemployed. The remaining workforce is left to grow the economy on their own.

Everyone must contribute, even if it is just 5$/hr... It's better for the economy then sitting on the sofa.

Living in a box eating ramen noodles on $5/hr with your 4 kids is so awesome but at least you're growing the economy for all the people richer than you!

I guess they'd better just die and decrease the surplus population working their asses off to pay for their disgusting need to have a LIVABLE wage.

[zoobernut]

You can go in the right direction by lowering the minimum wage instead of abolishing it. If lowering it by 2$ means opening up 1 million new jobs, who here will say it is not worth it?

We don't need more jobs for high school students we need more jobs that people can live off of. Or are living expenses going to magically plummet because minimum wage does too?

[Callisto]

I for one am intrigued about this new grand solution.

[test123]

Out of curiosity test, what do you do for a living and about (ball-park figure) how much do you make? Additionally, where do you live and how many of your own expenses do you pay?

Well this month I made 37k in USD, but this month was unusual. Last year I made 110k. I'm 27yo and live in Europe. I pay for all my expenses.

I have met many people with no higher education that make 300k/year. Simply because there is a high demand for labor where I live.

[Callisto]

Clearly you would have a solid handle on the ability of someone making $8.5k/year(what $5/hour nets out to post-tax) to meet the basic costs of living in the US, then.