Salary idea from John Stewart. . July 29, 2013 whars. towa,. t/ titians (golfers? Why not "'" ise the minimum. wage to a hundred thousand. dollars? u xiii 1 u 5
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Salary idea from John Stewart

July 29, 2013
whars. towa,. t/ titians (golfers? Why not "'" ise the
minimum. wage to a hundred thousand. dollars?
u xiii 1
u 5 at
vi/ Hy- NO irina, lair
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Submitted: 07/08/2014
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What do you think? Give us your opinion. Anonymous comments allowed.
#2 - quitethedelicacy (07/08/2014) [+] (8 replies)
#1 - Daeiros ONLINE (07/08/2014) [+] (2 replies)
Comment Picture
#9 - heartlessrobot (07/08/2014) [+] (37 replies)
I remember my little cousin figured out how to fix the world economy.
"Make it illegal to make stuff cost more, then raise how much you have to pay people"
#7 - daddycool (07/08/2014) [+] (110 replies)
By raising the minimum wage, you do two things:

#1 Raise the cost of all good produced by minimum wage workers(because how else are they going to pay for their worker's raise?) and #2 **** over the poor and young.

#1 is obvious, but #2 requires some explaining. See, most jobs require work experience. Specifically, experience in working any job, so that your potential employer can gauge your ability to work the job they're offering. The people that need this experience the most are teenagers, since they obviously don't have any. This means that at the lowest end of the employment spectrum you have a lot of people with no experience competing for low wage jobs.

Furthermore, this forces employers to expand what they need individual employees to do. What if a job isn't worth paying someone minimum wage to do it? Well, just get one of your current workers to do it. Sure, that's no fun for them, but you don't have the budget to get a new person in here to do the job. So you get fewer jobs that pay slightly more and demand more. Fewer jobs means fewer poor people getting hired means fewer poor people able to get better jobs due to "lack of experience."

This specifically hurts blacks and is the driving cause of their high unemployment rates.
#221 - zzRedzz ONLINE (07/09/2014) [+] (1 reply)
Just buy more money
Just buy more money
User avatar #31 - I Am Monkey (07/08/2014) [+] (21 replies)
$15 is double the minimum wage where I live. A lot of employers aren't going to be willing to pay double for a lot of these jobs. They're either going to hire less staff to perform the same tasks or automate the jobs. The people that want this come from the "government is magic" branch of economics, where there's no such thing as repercussions for their actions. They think you can just make a economy-altering decree and businesses aren't going to adjust accordingly.

Politicians touting the $15 minimum wage know that it's not going to happen. It's just a ploy to get poor people to vote for them believing that they're going to get their wages doubled. They might as well be offering $40 minimum wage. It's just as likely and instantly wins low information voters over to your side.
#59 - swedishassassin (07/08/2014) [+] (20 replies)
A raise in the minimum wage is fine... at maximum $11. Any further, and you do break the wage system. Inflation demands a raise in minimum wage, but the (and I'm sorry for getting political) liberals take it to the over-extreme with $15 and refuse any reason to lower that price, which would lower the dollar and the wage-cost of those paid $18 and up per hour.
Limbaugh is wrong to say no raise; he's just way too black an white. But those demanding 15 are delusional or completely ignorant of economics. Minimum wage was never meant to be a wage to raise a family with; that's why you see teenagers getting paid minimum. If your career puts you at minimum, you better be looking for a better job instead of asking for unstable wage increase.
#184 - AztecJew (07/09/2014) [+] (13 replies)
Or we could just stop granting tax breaks to businesses and corporations who gross over $1 million (reasonable?) a year and make corporate lobbying illegal. Then we could instill responsible spending and allow inflation to balance out and gradually reach economic equilibrium as products prices come to represent their intrinsic value as opposed to just what people are willing to pay. Should a pair of jeans cost $200? No. Never. Do people need to make $100/hour minimum so that those are obtainable? No. Economics don't work that way. It could also be an idea that if a business profits over a certain amount that their minimum wage is proportional to their annual income. E.g. $100 million a year with 1,000 employees at the entry level making maybe $15-20/hour. Just a thought.

mfw no philosophers legacy to bail us out
User avatar #5 - thedungeonmaster (07/08/2014) [+] (7 replies)
Was this a legitimate argument she was trying to make? Because if so, someone needs to slap her in the face with a table and just get her off this planet.
#19 - katarinaismywaifu (07/08/2014) [+] (5 replies)
They will soon start to be content with $1 an hour. Seriously. Their jobs are so easy that they will soon be automated in the near future.
#97 - baitdoesnttalkback (07/08/2014) [+] (12 replies)
jon stewart is the worst because all he does is attack peoples grammer and diction but doesnt ever argue any facts.
#102 to #97 - Moosoulja (07/08/2014) [-]
Jon Stewart is the worst, because all he does is attack people's grammar and diction. He doesn't even argue the facts.
User avatar #120 - doombunni (07/09/2014) [+] (6 replies)
l haven't taken econ in two years, but isn't minimum wage partly based on inflation and the standard of living? So increasing it more than it needs to be could harm more than help.
#88 - swagasauruss ONLINE (07/08/2014) [+] (6 replies)
OR...Or.. you could just pay everyone the exact same no matter what job they do
User avatar #98 - xenoquack (07/08/2014) [-]
#101 - anonymous (07/08/2014) [+] (1 reply)
ha! stupid american!
#104 to #101 - fourchinsbrah (07/08/2014) [-]
couldnt even sign in you pussy. topkek
#56 - daemus (07/08/2014) [+] (6 replies)
This is not a liberal issue, nor a conservative one, but one of the people. Yes, liberals are usually the ones that are calling for the increased wage, but we have to consider the real effect that our current economic system has on the public at large.

The average wage is, adjusted for inflation, significantly lower than it was 20 years ago, where-as the upper-tier wages have grown at about 140% inflation in that same time-frame.

The amount of money required to increase the minimum wage by such a degree would be dramatic, but none are suggesting an instant jump from $7.25 to $15.00. Most cities that have adopted the $15.00 wage plan have increased it to around $9-10 and will further increase each year. Yes, it will cut into profits initially unless they increase the cost-per-item by about 10-20 cents, but as the new wage system stabilizes, the money will inevitably return to the corporations that pay the wages.

More people with more expendable income = more people willing to buy products and services.

Do I believe that menial entry-level positions that require no education should have over-blown wages? Hell no. A guy in high school that works at McDonalds should not make the same as I do as an experience IT/System Manager/Architect with a bachelors. But I honestly believe that everyone deserves a little bit more than we currently get. When a person working full time at any position is making far less than what is considered poverty, there's a severe problem.
#187 - anonymous (07/09/2014) [+] (3 replies)
just print a **** ton of more money for everyody and then don't tell any of the other countries of the world that. that way, our dollar's value hasn't gone down.
User avatar #191 to #187 - poutinesalad (07/09/2014) [-]
it doesnt work that way
User avatar #45 - numbmind ONLINE (07/08/2014) [+] (1 reply)
Do it, but most if not all small business will close, all it is doing is gonna raise the price of everything, and pretty much every business left will be owned by a big corporation. Maybe you like that sort of hell, but i don't.
User avatar #44 - thegamegestapo (07/08/2014) [-]
Raising the minimum wage is useless without controlling inflation and/or the cost of living.

That being said, if the minimum wage is lower than the living wage (and I'm looking at you Westminster) then someone has screwed up.
User avatar #250 - scowler (07/09/2014) [+] (6 replies)


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