Termyn8or -> RE: Minimum wage (6/27/2006 9:21:32 PM)
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Again I take a slightly tangental stance to the thread, but that's me. It is supply and demand, but the goverment has favored exploitation, by fostering overpopulation and encouraging the export of jobs. The establishment of a minimum wage decades ago was brought about by people who saw this and wanted to do something about it, but they are gone now. This is why you do not see this issue move much. For example, even in the early 80s, there were fast food restaraunts offering near double the minumum wage as a starting point. This was an area where there was almost no unemployment. The supply was low so the demand upped the ante.This was decades ago and they, offering $8 an hour to start, were paying entry level employees almost what general managers made in major markets, i.e., places with a "healthy" level of unemployment. In a state with 11 million people, there are probably less than 100 who can do my job. The deal is, I take home $20 an hour, no matter what it takes, my actual net pay will be $20 per hour. Now if I were not in this profession, I would not make that. Wages are very depressed. It used to be if you worked for Ford or Chevy the bank loved you, no more. Actually that is coming back, because if you are still there at this point in history you are pretty damstable. Actually on LMU, the Pinkerton thread has turned to this, the education. Minimum wage jobs are for kids dammit. They won't teach properly because if they did, more people would be creative and intelligent. When people like this can't get a job they pretty much start businesses of their own, but they might not know math nowadays. While I am not against a minimum wage per se, it's necessity is something I see as wrong. T
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