Brewha wrote:Being fair and moral is always a balancing act. Saying let them eat cake is neither fair or moral. And taking the stance of "why be fair, the world is unfair" is a cop out.
I never use that as an excuse. Primarily because I don't believe "fair" is even in the equation. Charity, Minimum Wages, Tax Credits, Welfare, not a single bit of that is based on any level of "fairness". One can argue it is "moral", depending on what one's morality dictates is necessary in the treatment of the weakest and least productive of us, but it actually has nothing to do with "fairness". In fact, I'd like to see any social construct which is truly built on "fairness".
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Of course it is a complex and difficult issue. And care must be taken in order to implement good and right regulations. The worst thing we could do is take a simple minded approach to the problem - as so many love to do.
The last minimum wage hike was five years ago. When was your last increase Bucko?
My last increase was a 50% pay raise back in Sept. That's based on changing projects and a significant increase in my personal capabilities.
Minimum wage is specifically NOT based on increases in capabilities. The people earning that wage are literally at the absolute bottom of the nations workforce. To equate an increase in minimum wage with merit based raises is to really misunderstand the situation.
As for your "care must be taken in order to implement good and right... " You haven't really answered how your minimum wage increases (and you haven't said to what hourly rate) would be kept from negatively impacting the following demand curves:
- Demand for education (will decrease, as the value of uneducated labor increases)
- Demand for uneducated labor (will decrease, as the cost of uneducated labor increases).
To a greater or lesser extent (depending on the amount you want to raise the cost of labor) you will create a larger pool of people with zero skills and no job.
Now... this pool may just increase by 1 person (if you raised it 0.0001 cent) or it may increase by a million (if you raised it $50)....
But that's just the obvious impact. There may be others as well.