Michigan considers $10 minimum wage

[The Whispers]

I need a job and I was 'cockblocked' from it by some do-gooder minimum wage supporter. I am still unemployed because I lost the job opportunity. $0 an hour is less than $5 an hour. Nobody HAS to give me a minimum wage job, they can just say 'Forget it, I don't need an extra employee after all.'

I'm not sure if you're aware of this, but in the UK in the 1980s, we had about three million people unemployed. That was ten years before the institution of a minimum wage. Maybe you're being 'cockblocked' by being an unappealing candidate.

[Freiheit Reich]

People in Singapore pay their bills without minimum wage laws. They manage to live quite well.

Depends on the people, and you should probably answer my question.

I have plenty of work experience and pay my own bills thank you.

Yes, you can live on wages of $4 per hour (after taxes) fairly well. Especially if you use a bike or walk instead of driving and have shared housing.

[The Whispers]

Yes, you can live on wages of $4 per hour (after taxes) fairly well. Especially if you use a bike or walk instead of driving and have shared housing.

In Michigan, or in one of the old slave states?

[Imperiatom]

I need a job and I was 'cockblocked' from it by some do-gooder minimum wage supporter. I am still unemployed because I lost the job opportunity. $0 an hour is less than $5 an hour. Nobody HAS to give me a minimum wage job, they can just say 'Forget it, I don't need an extra employee after all.'

I'm not sure if you're aware of this, but in the UK in the 1980s, we had about three million people unemployed. That was ten years before the institution of a minimum wage. Maybe you're being 'cockblocked' by being an unappealing candidate.

If the market did not in most cases pay a fair wage the whole economic model would not work. Since on the whole it does we must also conclude that on the whole the market sets a fair wage.

It would not have had to be that way if they had not been so insistent in staying in inefficient industries that both held the nation back and were unsustainable.

[Souseiseki]

Depends on the people, and you should probably answer my question.

I have plenty of work experience and pay my own bills thank you.

Yes, you can live on wages of $4 per hour (after taxes) fairly well. Especially if you use a bike or walk instead of driving and have shared housing.

literally 25-50c above the living wage in most states

so basically you need to be not independent, live in low quality/shared housing and be lucky enough to find a job within walking/biking distance?

[Imperiatom]

I have plenty of work experience and pay my own bills thank you.

Yes, you can live on wages of $4 per hour (after taxes) fairly well. Especially if you use a bike or walk instead of driving and have shared housing.

literally 25-50c above the living wage in most states

so basically you need to be not independent, live in low quality/shared housing and be lucky enough to find a job within walking/biking distance?

Well your not anybody else's responsibility if they don't want you to be.

[Freiheit Reich]

I have plenty of work experience and pay my own bills thank you.

Yes, you can live on wages of $4 per hour (after taxes) fairly well. Especially if you use a bike or walk instead of driving and have shared housing.

literally 25-50c above the living wage in most states

so basically you need to be not independent, live in low quality/shared housing and be lucky enough to find a job within walking/biking distance?

Low quality is in the eye of the beholder. Shared housing in the USA is way better than what the average person in Sudan has. You can even have running water and electricity.

4 people sharing a 2 bedroom place can live comfortably. Using a motor scooter is also possible (but not as cheap as a bike). Plenty of jobs in biking distance for most people. If you live in the country than move to a city which have more choices (and also avoid the more expensive cities like NYC).

[Alien Space Bats]

I think you are unable to grasp the concept that the point of profit maximization changes with time depending on changes that affect MR and MC. I try to keep as close to this point at all times, But naturally one is always reacting to the market for the most part, increasing and decreasing costs and thus the general price level.

I understand exactly what you're doing; I think your understanding of the market for lawn furniture in Chutney-on-Tyne or wherever it is you do business isn't quite what you think it is, however, given that your revenues would not perform as you claim they do when you raise prices if it were.

More than that, though, the fact that you can raise prices and not only collect the same revenue as before, but in fact collect more revenue than before (because you've not only got to maintain your profit, but in fact cover your increased costs as well) indicate that your business situation is not something we can translate into anything that might help us understand the effect an increase in the minimum wage would have within the State of Michigan, since the vast majority of Michigan businesses cannot function as "market makers" in the same way as you apparently can.

[Mavorpen]

I need a job and I was 'cockblocked' from it by some do-gooder minimum wage supporter.

Source?

I am still unemployed because I lost the job opportunity.

Wrong. You can't lose something that doesn't exist.

$0 an hour is less than $5 an hour. Nobody HAS to give me a minimum wage job, they can just say 'Forget it, I don't need an extra employee after all.'

What?

[Freiheit Reich]

I need a job and I was 'cockblocked' from it by some do-gooder minimum wage supporter.

Source?

I am still unemployed because I lost the job opportunity.

Wrong. You can't lose something that doesn't exist.

$0 an hour is less than $5 an hour. Nobody HAS to give me a minimum wage job, they can just say 'Forget it, I don't need an extra employee after all.'

What?

Do you need this every post? Do you have alzheimers Disease?

http://en.wikipedia.org/wiki/Minimum_wage_law

Minimum wage law is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.[1]

[Mavorpen]

Do you need this every post? Do you have alzheimers Disease?

http://en.wikipedia.org/wiki/Minimum_wage_law

Minimum wage law is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.[1]

Aaand you've yet again failed to provide a source for your claim. Again, explain to me how you've been "cockblocked" out of a job oppurtunity that doesn't exist.

[Souseiseki]

I need a job and I was 'cockblocked' from it by some do-gooder minimum wage supporter.

Source?

I am still unemployed because I lost the job opportunity.

Wrong. You can't lose something that doesn't exist.

$0 an hour is less than $5 an hour. Nobody HAS to give me a minimum wage job, they can just say 'Forget it, I don't need an extra employee after all.'

What?

you see, minimum wage is the cause of unemployment, as are child labour laws. they oppress poor businesses and people who would otherwise be working for pittance will just not get jobs. >:

contrary to research showing little to no effect, of course

[Sibirsky]

This certainly qualifies Obama as a big spender.

Only if you have the intellectual honesty of a child on a playground.

Do you not understand what is being charted? Do I really have to pull out the absolute numbers?

[Freiheit Reich]

Do you need this every post? Do you have alzheimers Disease?

http://en.wikipedia.org/wiki/Minimum_wage_law

Minimum wage law is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.[1]

Aaand you've yet again failed to provide a source for your claim. Again, explain to me how you've been "cockblocked" out of a job oppurtunity that doesn't exist.

The opportunity existed because the employer was willing to offer the job at $5 an hour BUT decided he would not offer the job at $7 an hour. The reason is because the extra profit made from hiring a new employee was projected at $6.50 per hour (formulas can be used to estimate extra profits from hiring an additional worker, they vary by industry/company).

Hiring at $5 an hour=good decision
Hiring at $7 an hour=bad decision

The opportunity would have existed at $5 an hour. The employer did a quick check of the minimum wage law and said to himself "Oh, I better not offer this job because it is not worth paying $7 an hour." Job opportunity lost because of minimum wage law. Should be obvious.

[Sibirsky]

Why? If spending has been monotonically increasing over time, doesn't your chart indicate that Obama is spending the most of all those listed?

No, it doesn't. It means that spending is the highest under Obama, not that Obama himself is a "big spender."

And how does the highest spending being under Obama not qualify him as a big spender?

[Kazarogkai]

Helps in the short term but in the long term it would not work, increasing the minimum wage would help for a while until inflation caught up. A more longtime solution would be to decrease inflation and increase the value of the dollar bill, this is a long term solution that would help increase the purchasing power of your average Joe.

[Sibirsky]

Regardless the principle is that minimum wage is an attack on freedom. Even if it doesn't equal higher unemployment it is wrong based on principle alone.

Do you not understand the point being made?

[Castille de Italia]

you see, minimum wage is the cause of unemployment, as are child labour laws.

Actually, lack of work ethic and tax-and-spend policies are the cause of unemployment...

[Sibirsky]

Misleading chart is misleading.

Measuring the rate of growth of spending is something, certainly. All that really says, is that Obama has only increased spending modestly, after it was already sky high, from the Bush years.

This certainly qualifies Obama as a big spender.

Perhaps, but Bush increased spending more, which means he was worse. Obama's rate of spending increase is half that of Clinton's.

Not in absolute terms.

This is not a difficult concept to understand.

[Mavorpen]

No, it doesn't. It means that spending is the highest under Obama, not that Obama himself is a "big spender."

And how does the highest spending being under Obama not qualify him as a big spender?

Someone having debt shifted upon them does not make them a "big spender."

[Sibirsky]

Yes because last time a checked the definition of freedom and democracy did not include the word minimum wage.

That's what Churchill did, he fought the second world war over the right to a minimum wage.

Minimum wage makes wage slavery more difficult, and coupled with other regulations, impossible. Ending wage slavery increases freedom.

It will not end wage slavery. It reduces freedom.

Guy A: Yo! I will pay you $5 an hour to do some yard work. Deal?
Guy B: I want 6 bucks.
Guy A: Ok, $6 then.
Guy B: Deal!

Government: Your contract is illegal as $6 is below the minimum wage. However you are both now more free.

See, we restricted you, so you became more free. This is not a difficult concept.

[Mavorpen]

The opportunity existed because the employer was willing to offer the job at $5 an hour BUT decided he would not offer the job at $7 an hour.

Let me stop you right there. No. No such opportunity exists unless the employer wants to break the law. End of discussion.

[Sibirsky]

OK, I should have said 'the employer is forbidden from offering me a job which pays less than minimum wage.' I won't know about the potential job I lost because it was never even offered. The law was still a middleman between me and the job, I just didn't know it.

And this is bad why...? It's like whining about all of the puppies you COULD have adopted.

Because reduces available choices of those that are worst off?

[Mavorpen]

See, we restricted you, so you became more free. This is not a difficult concept.

Glad you agree with us.

[Kronikta]

A higher minimum wage means that companies have to spend more (in order to pay workers).

Companies spending more means that they have to raise their prices.

Thus, a higher minimum wage will cause a proportionate rise in prices across the board.

Some employers (namely small sole-proprietors) will not be able to afford to pay their employees at that wage, so they must be laid off in order for the company to survive.

Thus, many potential workers are without jobs because their employers cannot afford to pay them the required amount (even though they may be willing to work for a lot less).