Raise The Minuimum Wage So People Can Eat!

Because apparently good CEOs are harder to come by than unskilled labour. Who'da thunk it.

The fact is, if it wasn't worth it to pay for CEOs, they wouldn't do it.

 

You conservative economists who believe in unrestrained corporate growth without protections for the working population should read this article:

http://www.commondreams.org/views04/0312-08.htm

 

In some cases the full compensation that CEO's receive is hidden from stockholder view. I think if they were totally transparent on compensation, many of these guys wouldn't be making what they are making.

Something that should be looked at is the economic inequality factor and the continuing gap between the highest paid and the lowest. This can lead to resistance to globalization, impairing social cohesion, and could, ultimately, undermine American democracy. Perhaps, that's the price the multinational corporations are willing to watch the US pay.

 

Is this not an oxymoron?

 

Im for rasing the minimum wage, but what happens when minimum wages are increased but the dollar becomes completely devalued, it will end up the same as it now...people will make more money but prices will go up and up.

 

The Fact that it might be ?

 

That's like arguing we don't need a minimum wage because people can steal from the company to supplement their income. The laws are there - what you need is better enforcement.

Of course multinational corporations are trying to maximize their own profit. So am I. But blaming them for the gap in incomes? Ridiculous.

Just as ridiculous as arguing for minimum wage increases to reduce this income stratification, instead of more basic and logical solutions such as more progressive tax rates. It's like arguing for crawling instead of walking.

America has one of the biggest gaps between the rich and the poor (of first world nations), and one of the least progressive tax rates. Coincidence?

 

Sports are a fairly skewed market to begin with, but what you're confusing is value and price. Is he that valuable? Doubtful. Did a (rough) market set his price, and is it logical? Probably.

Once again, a better solution for fixing such income stratification is a more heavily progressive tax rate combined with better core social services funded with the tax dollars.

 

Perhaps more people here should consider going into Business for Self.


It is the ultimate in Hippie Self-Actualization to own and operate your own business. Reap the rewards, understand the pitfalls.

 

I'm throwing a question out there for everyone blaming all of society's woes on multinational corporations:

How much responsability do you place on the poor for not voting for policies that help themselves? For having such a low voter turnout to make them essentially a non-factor in elections?

 

The thing is the earned income tax credit is a much better way of raising incomes than a minimum wage... a minimum wage is a really bad way of going about increasing incomes.

 

As long as elections are held on working weekdays many of the working poor will never vote. They work long hours and have busy family schedules that make it inconvenient. A possible solution might be mail ballots like in Oregon. Voter participation in that state has really expanded.

 

In 30 of the 50 states, and the notice of the act with it's accompanying restrictions is required to be posted prominently a week in advance. But know what? I have never seen a posting of that election law in the 30 odd years that I have been working in the state of California. And I've never seen my fellow employees take advantage of it. It may be one of the least known laws on the books.

 

I find the Card/Kruger report interesting:

http://www.uvm.edu/~vlrs/doc/min_wage.htm

 

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How about Senator John Kerry who admonished young people to study and to reach for acomplishment or they would get stuck in Iraq.

Well, reach for acomplishment or you will get stuck in a dead end job.

Its not the responsibility of the federal goverment to provide a lifestyle to its citizens. To protect them from abuse, yes, but not to provide lifestyle.

 

Preamble to the US Constitution:

 

That report has been widely discredited by serious economists for failing to eliminate other variables, as well as stacking up against hundreds of others that have shown the opposite.

 

So you are absolving them of all responsability?

I honestly doubt that the working poor work longer hours than the upper middle class, but I've never looked into it. Irregardless, in Canada, everybody is allowed a paid break from work to vote, and I assume the US has a similar law. The fact is, they choose not to vote. As such, their opinions are discarded.

 

In Missouri you get 3 hours off to vote. i believe the polls close at 7 pm. so if you get off work before 4pm. its not paid time off. in 92' i was living in vegas, by 4:30 PM."pacific time" Clinton had already claimed victory. so why bother?

 

Election day should be a national holiday with all businesses closed and there should be a fine--say $250.00 for not voting.Then public opinion would truly be known immediately.