Post
Topic
Board Politics & Society
Re: Would killing the minimum wage help?
by
vforvendetta
on 12/07/2011, 17:40:48 UTC
I understand, I really do. But imagine what would happen if you (or if not you, the one or more of your coworkers) went from $7.50/hr to $0.00/hr?

That's what happens every time the minimum wage goes up.

From what I've seen you post, I have no doubt that you have nothing but the best of intentions in mind and that you (are?) would be a fair employer in this kind of situation. However, I would be more inclined to agree with your point of view if there were some sort of way to prevent the aforementioned problem - if we eliminated minimum wage, what would there be to stop huge corporations like supergreedymegacorp inc. from treating people like dirt and hoarding every last penny for the capitalist class?

That's where collective bargaining comes in. supergreedymegacorp inc only has the massive bargaining power because of its size. with collective bargaining, you take away that size advantage. Without the distortions placed on the market by state regulations, the two groups could come to an amicable arrangement, that benefited both parties.

I can agree with that - although I have a feeling a lot of other people are going to disagree with your stance on the place of unions. Tongue