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what should minimum wage be?
i believe there is a gross imbalance of wealth in this world.
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Gail . 50+
I don't care what you fix the minimum wage at. It will make no difference if you do not also fix the maximum wag.
peter lindsay 30+
The implication being that if minimum wage is zero then welfare must be also be zero which has its own implications regarding homelessness and crime rates.
pat gilbert 100+
This is particularly hard on workers with no experience as the employer cannot afford to pay the higher wage for no skill. Entire areas become experience a dearth of jobs where there is no skill.
Davis Bacon is another area where enforced minimum wage causes jobs to be exported from the area.
This is not theory this is where the rubber meet the road, (an American saying) and how minimum wage REALLY effects the economy.
pat gilbert 100+
Fritzie Reisner 100+
Perhaps most striking, though, is the comparison in access to basics such as food and shelter when you compare the situation of the poor in the United States and Western Europe on the one hand and India or Sub-Sahara Africa on the other.
On the bright side, once Bono's TED talk that he delivered yesterday is up, we can see the tremendous strides that have been made in reducing poverty, HIV, and malaria and improving access to medical care and education in the countries with the greatest numbers of people living in poverty. Bono presented these data specifically because there have been tremendous gains, and research shows that people are inclined to be less generous when they believe that their support makes no difference. It does make a difference.
pat gilbert 100+
I wonder why Bono himself chooses to be stingy in giving? I guess it is all in that other people's money thing and all that socialists do so well...
Fritzie Reisner 100+
If you explain something, I can assure you I will hear it. I am always interested in what you have to say and consider it carefully.
pat gilbert 100+
GINI is talking up income disparity. There were a couple of fellows from the mid 2000s
Piketty and Saez who created the disparity meme.
I can explain further but won't waste my time unless you indicate that you are still listening.
Fritzie Reisner 100+
pat gilbert 100+
Did you find what you need?
Fritzie Reisner 100+
Krisztián Pintér 200+
(ps: not really, i just want people to finally contemplate the world as it is.)
Xavier Belvemont 30+
This will put minimum wage at $10.25.
However, you would also want to consider factoring in productivity and technological advancements.
If I remember correctly, it has doubled since approximately 1965.
Edit/
http://upload.wikimedia.org/wikipedia/commons/7/73/US_productivity_and_real_wages.jpg
The whole system is a combination of 'broken' and 'outdated'.
The wages don't reflect productivity, increases in GDP or national/business wealth and theres no natural redistribution of the increased generated wealth such as a progressive taxation level or increased employee income.
The rich get richer and the poor get poorer.
A reasonable minimum wage would go a long way.
It would also boost consumer spending significantly, take 1/3 of the population out from the poverty line, allow more people to work less (and thus more people to be hired per company for alternative shifts).
A series of studies done in isolated states also demonstrate no net loss of jobs or adverse effects, so theres really no reason not to increase it. (Ofcourse we both know that some select companies would, and probably have, lobbied the government to prevent it).