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People have the right to contract without any unwarranted government intrusion. You suggest that removing minimum wage requirements would bring about abject poverty for millions.
So essentially you want he government to carry the cost of lack in salary once minimum wages are gone...which essentially means you want the tax payer to make up for what the corporations don't want to make up. Sure, sounds great and makes total sense
So are you for collective bargaining and unions? Because without them, a single person obviously stands ZERO chance at successfully negotiating a contract if minimum wages are gone.
If companies want to pay lower wages, they will be taxed more...
Originally posted by Maslo
reply to post by MrXYZ
So are you for collective bargaining and unions? Because without them, a single person obviously stands ZERO chance at successfully negotiating a contract if minimum wages are gone.
So why work? I would just not work in such case, and stay only on NIT income. Where is the problem?
Any rational person will do this. So employers would have to raise payments if they want the job done. Its a self-regulating system
Originally posted by Maslo
Minimum wage should be repealed, it only increases unemployment. Negative income tax based welfare system is the answer for low wages, not pointless and illogical minimum wage law.
Originally posted by dreamseeker
reply to post by MrXYZ
Actually I have a Masters degree in Psychology and a bachelors in communications. I also have an associates in business. All these degrees have taught me the fine art of negotation. which I am quite good at. I have been able to come up with really good negotations but if people are not willing to neogotate. Then no matter much education a person has it won't matter.
Originally posted by Maslo
reply to post by Undertough
I am gonna make a thread about it in a few days.
Originally posted by GeorgiaGirl
Originally posted by syrinx high priest
well, since mexicans are going back to mexico, don't worry david, you can come mow my lawn and I'll pay you $3 an hour
If I'm willing to do it for $3 an hour, I should be able to. Of course, I have to admit that I'm not, but my teenager might be.
A negative income tax is intended to create a single system that would not only pay for government, but would also fulfill the social goal of making sure that there was a minimum level of income for all. It is theorized that, with an NIT, the need for minimum wage, food stamps, welfare, social security programs and other government assistance programs could be eliminated, thus reducing the administrative effort and cost to a fraction of what it is under the current system, as well as eliminating the perverse incentives created by these overlapping aid programs, e.g. when a minimum wage worker who earns a little more nets out with less income because he is newly ineligible for aid. The worker is stuck in a welfare trap and has no incentive to seek higher wages.
A NIT does not disrupt low-wage markets, whereas a minimum wage makes certain very low end jobs impossible (as anyone whose labour is valued at less than the minimum wage must be unemployed). A NIT would therefore increase the availability of cheap labour, which would enable businesses to do domestically some of the work which they would otherwise have to outsource to other countries.