Federal Minimum Wage

[Guest shiloh357]

It is my understanding, and I know I will be corrected if I am wrong but the Federal Min Wage is $5.15 - that X a 40hr week = $206.00 - that X 51 = $10

[apothanein kerdos]

$10 says eadora has never had to stare poverty in the face. This is the problem with most bleeding heart liberals...they've never been poor but think they can educate those of us who are poor on how to fix our problems. I mean, good gosh, we just had our dog put to sleep today because we couldn't afford medication for it...I think I know what it is to be in hard times and without money, I've grown up that way. Yet here I am, packing up clothes because in one week I'm going back to college to start the semester...obviously being poor doesn't deter the determined to get an education.

[Work in Progress]

obviously being poor doesn't deter the determined to get an education.

No, it doesn't, and I have two sons who are living proof of that.

I'm really sorry about your dog, S.J. (((((((((S.J)))))))))

[Cherub_Rocket]

IMHO, we should repeal all price/wage controls and allow them to be determined by the free market. There was a time not so long ago that the UK had no minimum wage, I believe under Margaret Thatcher. Unemployment went down and wages went up, as I recall.

[apothanein kerdos]

IMHO, we should repeal all price/wage controls and allow them to be determined by the free market. There was a time not so long ago that the UK had no minimum wage, I believe under Margaret Thatcher. Unemployment went down and wages went up, as I recall.

<{POST_SNAPBACK}>

That's inherently flawed though. It's pure capitalism and it's been proven that if you remove all restrictions then conditions for the average worker fail. By providing some restrictions it gives the companies a status quo to work against and to become competitive in reaching out for workers.

[Work in Progress]

IMHO, we should repeal all price/wage controls and allow them to be determined by the free market.

Off the cuff, I tend to agree.

[JimR-OCDS]

We are a culture which ensures equal opportunity, not equal condition of living and equal condition of living, should never be mandated by government. It's the major flaw in communistic societies which prevents it from ever working. To have equal living condition, you have to have redistribution of wealth, which removes the incentive to work harder, to improve your standard of living. A person who worked hard to become a doctor or engineer, should not have to live at the same level as a ditch digger. At the same time, the high-school drop out, who establishes a very successful business, should not be forced to live down at the same level as a teacher, just because he/she doesn't have the same level of education.

Minimum wage laws, merely make people feel good. They in fact do nothing to improve the living standard of people, because the cost of living is linked to income and increasing the income of the majority, merely increases the cost of living for everyone.

Edited January 4, 2005 by JimR-OCDS

[Eadora]

Yes My Friends

I quote

[Guest shiloh357]

It is my understanding, and I know I will be corrected if I am wrong but the Federal Min Wage is $5.15 - that X a 40hr week = $206.00 - that X 51 = $10

[ted]

I can't believe this one's still going.

All from a spin off thread, too!

There are some wonderfully written posts here though, and I thank everyone for being kind and civil.

t.