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Should All Minumum WagesBe Affected?

Van

Heavy Weapons Guy
V.I.P.
Exactly. Walmart seems to get focused on because it is the largest. Yet it's wages are comparable to its competitors which also utilize low skilled labor. This is determined by the market. Walmart makes comparable profits compared to its competitors. It's called a free market. The other option would be socialism...and that always works out so well...
 

CaptainObvious

Son of Liberty
V.I.P.
I hate to be the one asking a dumb question but I am just for curiousity if nothing more..
Is WalMart the only place that people can shop? What about other food stores, clothing, harware.. this seems so strange to me that when this type of subject comes up any forum I'm on Wal Mart is at the center of the topic like there is no where else to go.

If Walmart and McDonalds always comes up to be the top runner franchises that will be used
consider either way just how many of each them are to how many employess they both need to hire.
In some places, yes. That's what is great about Wal Mart, they bring goods and services to areas, and jobs also, that wouldn't otherwise have access to those goods and services, or people would have to long distances for them. Unfortunately Wal Mart, being the giant that it is, is the target of all the blame, when all they are doing is paying the artificial market price for labor. Nobody is blaming the law firm down the street for paying that for a receptionist, nobody is blaming the hardware store down the street for paying that for a cashier, and nobody thinks about the overall ramifications if Wal Mart paid more for hiring labor from that same supply of labor.

I've read the works of a lot of economists, some who subscribe to Keynesian economics and some who subscribe to the Austrian school of economics. They all have their pros and cons and they all have valid points, but amongst my favorites is Thomas Sowell. Sowell, in his book Applied Economics, talks about what he calls "thinking beyond stage one", which denotes the thinking beyond the initial reaction. For example, when one thinks of say raising the minimum wage or placing rent controls on apartments, the initial reaction is it sounds like a good idea. Those making minimum wage will earn more money or those renting apartments won't have their rent increased, but nobody thinks about the effect that has on supply and demand. Nobody thinks about how that will affect the price of a cheeseburger when a franchise owner now has to pay more for labor costs and how that will decrease the demand for cheeseburgers. Nobody thinks about how landlords won't have the incentive to fix up their apartments as much because the demand of renters is higher now than the supply of apartments, which in turn leads to slums. In other words, what incentive does a landlord have to invest more money in his apartments when the amount of rent he can charge is capped, thus fixed, and when people move out there are plenty of people who will pay that rent because it's so low.

This is what I see when I read and hear the vast majority of things pertaining to economics, whether it be on the internet in social media, from talking heads on TV, or even from the White House. I see, hear and read this stage one thinking and not beyond it. We're all susceptible to it, I do it myself, but I try and think beyond that first stage.
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Exactly. Walmart seems to get focused on because it is the largest. Yet it's wages are comparable to its competitors which also utilize low skilled labor. This is determined by the market. Walmart makes comparable profits compared to its competitors. It's called a free market. The other option would be socialism...and that always works out so well...
Exactly, it's a free market. The free market allows us to create much better living conditions, improvements in washing machines to make life easier, better wheelchairs, better pace makers for people like my dad, cars that alert us now when we're going off the road or about to hit something, or even park themselves, electronics that allow people to communicate to people on the other side of the world. If I make the worlds best mousetrap, I'm going to put every other mousetrap maker out of business. That's not a bad thing, the world benefited from my mousetrap. I don't see how demonizing that mousetrap maker makes sense.
 
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dDave

Well-Known Member
V.I.P.
I hate to be the one asking a dumb question but I am just for curiousity if nothing more..
Is WalMart the only place that people can shop? What about other food stores, clothing, harware.. this seems so strange to me that when this type of subject comes up any forum I'm on Wal Mart is at the center of the topic like there is no where else to go.

If Walmart and McDonalds always comes up to be the top runner franchises that will be used
consider either way just how many of each them are to how many employess they both need to hire.
Walmart and McDonald's are the most well known stores in their particular industries. WalMart for huge shopping/retail stores and McDonald's for fast food.

The fact that only one company is considered in a lot of this is actually a huge part of the problem here. You have to consider the free market which many on the far left want to destroy.

Instead of being all over WalMart for not paying their employees enough how about we thank them for employing many thousands of people across our country?

If you think WalMart abuses their employees then you are free not to shop there. I know I already said it before but it's also your own choice to work there if you do. I think it's a sad excuse and a lack of motivation to say that no opportunity has come along and that you're "stuck" there. Also try to remember that a job isn't supposed to be enjoyable, many of them suck. There are tons of places to work out there, find one that suits you better if you don't like it.

There's likely not an employee out there that doesn't think they're worth more than what they make, just because WalMart workers think they're worth more doesn't mean they are. I happen to know people that work at WalMart (at all levels of employment) and for some reason none of them seem to think they're being treated unfairly.
 

Major

4 legs good 2 legs bad
V.I.P.
Fist off what's a living wage? Is there a number associated with a living wage?
Based on the video it can be assumed that a living wage is a level where you no longer qualify for food stamps.

I've seen that video. In my opinion it is nothing more than liberal propaganda being shared on places like Facebook by people who also have very limited understandings of how business works.
It's liberal propaganda for sure, just like "raising the minimum wage will destroy the economy!" is conservative propaganda. There's usually some truth in propaganda somewhere, it's just not the whole truth. I'm sure there is a happy medium between the two sides.


Van said:
You can get by on minimum wage. You can survive on ~1250 per month. Do you get luxuries? No. Is it going to be easy? No. It's going to suck. You can survive, but you certainly won't thrive. So work hard and get a better job or move up. Entry level jobs don't and shouldn't pay large sums of money. It's entry level, you're not supposed to stay there. If someone has no motivation and no responsibility that is not society's fault.

BTW I payed cash through college working my ass off in fast food. And it sucked.

Choices have results, good or bad. Make choices within your budget. This is a national problem by the way of people buying crap they can't afford because they are too lazy to do basic math. This goes from individuals all the way to the federal government. It's a disease and we all need to grow up, and take responsibility.
No offense, but you lived with your parents while paying for college. Not that there's anything wrong with that at all. But it's a little different than being completely independent, especially if you're raising a kid. It would be extremely difficult to get by on minimum wage while paying for school, and most people aren't going to move up very far without a college degree, no matter how hard they work.

I do agree with some of what you said though. A lot of people need to manage their money better.
 
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