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Originally posted by ALightinDarkness
reply to post by mybigunit
This is one of those threads that amazes me. The data on this is crystal clear. It cannot get any clearer. It is simply a fact that when you remove artificial wages the average median wage rises and quartile median wages rise across all sectors. This happens every time its tested in the economic models. The inflation impact works both ways - the justification for raising the minimum wage from the populist brigade is always because of inflation, but in doing so inflation gets raised yet again. Its a cycle.
I do not understand this obsession over CEO pay. Who cares? It is irrelevant to the topic here. CEOs get paid what the market will bear, and look at the fantastical wages they get paid. Just imagine how much better it would if you removed the artificial floor so that the market can compute wages from everyone from the bottom to the top.
You may pay your employees a "living wage" but as a business owner its up to you to do so, not the government. Plus, not all businesses operate on profit margins wide enough to be able to do such a thing. Most employees who get paid minimum wage are in a very specific industry sector for a reason. Unless your business is in in certain service sector industries, paying people above minimum wage is commonplace.
Originally posted by forthepeople
reply to post by slackerwire
Slacker my net worth as of last month is 3.7 million dollars what is yours? Not that it matters if its more good for you my friend.
I opened my company 3 years.
My employees at entry level make 9 bucks a hour they stay a year and do good i raise em up to $11-12/hr . Minimum wage here is/was $5.75 / hr
What they do doesnt require a college education just good work ethnics.
Your business must not be prospering to much if you cant pay good wages. Or is it that your just greedy? Hmmmm
I wasnt born with a silver spoon.
If i paid them peanuts sure i could afford more toys but im not greedy.
I dont need 5 cars and 3 houses.
See i know what its like to be the little man. Im not one of those people who FORGOT where they came from and what its like to live at the bottom.
What i think has failed to be mentioned in this whole thread is even people who work low end jobs are trying to help themselves. They are doing something for society no matter how small it may seem to some of you folks.
They are not sitting on their buttocks doing nothing.
I was raised being told its ok to help people who are trying to help themselves.
Its called compassion and brotherly love. IF this world had more of it the planet world be a million times better. Now no matter how cliché or mushy that sounds its the truth.
If my values and beliefs cause me to go bankrupt so be it. Ill go back to living in a 2 bedroom apartment before i change my beliefs for money.
[edit on 26-7-2008 by forthepeople]