Minimum wage

What are your thoughts on the min wage Veeky Forums? Do workers deserve a fixed wage above the rate of inflation? Or should the free market decide what each worker is worth? If you agree with the latter then isn't slavery the most logical conclusion? Capitalism seeks to maximize output by minimizing costs right?

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Minimum wage works here in Australia.

I believe that we probably loose some productivity and a few business models are not managable with staff costs...

Yet at the end of the day its a question of what kind of society you want to live in.

I also think extra pay to work weekends and holidays is fair

without minimum wage you would be like taiwan

And what is taiwan like?

Minimum wage just drives inflation when the increased costs of poor-people labor are handed off disproportionately to those same poor-people consumers.

A person on minimum wage may have trouble buying food. I don't care because I can easily afford my food. So we give the poor person a raise. Cool, now he can buy food! But wait, food is produced by poor people that all got raises so now it costs more! Person on minimum wage again has trouble buying food....

It's a mixed bag I guess. It increases costs for businesses and the price level, but it also gives people who don't make very much more purchasing power. It's also good for people who aren't organized with other workers so they can have some basic level of support.

Ideally I would say the United States should set a $10 federal minimum wage and adjust it for inflation annually.

lets just say your diet will consist mostly of noodles and water

Minimum wage jobs are 9/10 times jobs for high school and college students (or retired people that can't stand sitting at home all day) to have a little spending money. They require no skills and aren't really physically or mentally demanding.

>Should there be a federal minimum wage?
Yes

>Should it be a livable wage.
No. That only encourages people to never strive for anything in their lives and be government leeches forever.

I personally cannot stand social welfare bullshit. It doesn't help anybody. It only enables people to be poor. I grew up poor and seen many friend's families (including my own parents) quit after a job or promotion that pays too much for them to continue living off government assisted housing, food stamps, medicaid, etc. If you didn't have these nigger programs then you would force people to be higher educated and more motivated to contribute instead of spending all day complaining the government isn't buying you a 50" TV or $200 pair of Nike shoes.

Just my $0.02 that nobody my age agrees with.

Every worker is a business owner, selling their product for as much as they can while remaining viably competitive. A business isn't going to raise your pay because of minimum wage, they're going to fire you. If slavery is the most logical, why do most fast food restaurants, grocery/department stores, call centers, and construction pay anything over minimum? Workers do more when you pay them a wage for fear of loosing it, it's easier train a dog with a treat than a kick.

Do you retards actually believe that the cost of goods is determined by the minimum wage, or is this just long-running bait? Raising the minimum wage by 50% will not make apples 50% more expensive.

Anyway, the problem with allowing the minimum wage to be too low is that the people trying to survive on it need to rely on government handouts (or turn to crime) to make up the difference, effectively subsidizing that cost of doing business onto the public. Libertards should want the minimum wage to be raised anyway since it will encourage businesses to replace low-skilled workers with robots and bring duh singularity sooner.