What is your opinion on the minimum wage? On one hand...

point is there are much better systems of payment being built that you poorfags never like to put into real world terms. why would you settle for a blanket price floor for wages. technology is helpful. use it or i dont think i should have to pay taxes. i could spend my money in a more socially beneficial way than these wage cucking brainlets

This doesn't have any large material effect. Few people are going to think "I could be a store clerk for the same money as a floor sweeper (mostly a job bundled into other jobs in service work). I'd rather sweep floors because it's easier" and then there is a shortage of people at registers.

side note, most minimum wage corporations are places that employees themselves would shop at. instead of letting mr. shekeltein sit on swimming pools of money, let little suzie have some so she can buy some overpriced eggs from YOUR FUCKING STORE

There shouldn't be a minimum wage. I wrote $1/500 words articles for Filipino scammers who then refused to pay me. I made my minimum wage by saying, "Hey I want MORE money for my work" and clients actually loved that kind of aggressive attitude. A worker that can't negotiate a raise doesn't deserve it.

According to wich studies? Link me a reliable source of minimum wage not affecting unemployement rates

Here is a link from the wiki article.
Original
onlinelibrary.wiley.com/doi/abs/10.1111/j.0950-0804.2005.00250.x
Validation of the original
onlinelibrary.wiley.com/doi/abs/10.1111/j.1467-8543.2009.00723.x

>2005 and 2009
Nibber, the minimum wage back then was around 5-7 dollars an hour, also inflation and regulations werent nearly as bad as they are today.
How do you expect employers to pay people double while paying even more money in order to operate their bussines? is just common sense.

listen i promise you if we worried about collecting data on just about every aspect of every job, and let that data flow more freely, you wouldnt be sitting there arguing about a minimum wage because you would be sitting comfortable on your couch in your home that you bought. might be a tiny little cabin or something like that, but i refuse to believe that the future is breaking human being and penning them up in the hundreds of thousands of townhouses and apartments being built in the US, china, everywhere.

The banks print new money every time there is a loan rather than use old money for loans. Instead of adding value to the dollar, they are printing new dollars. They are the sole reason why inflation is happening. The central bank also known as the FED is an independent agency that prints money out of thin air. Before the FED the U.S. government had control over the dollar, now they don't the FED has control over the dollar, and the U.S. gov can't even audit them. Every time we need more money, the FED prints more money that is backed by debt that we the tax payers have to pay. This printed money is backed by nothing. In this system the more debt the economy takes the more it can grow, there will be more debt bubbles, and as a result more wealth inequality over time. The FED has been quantitative easing since 2008, this is the practice of printing money to give to banks to reinvest in the market (stocks,bonds, etc...) this has to happen or the whole economy would be at an halt. Things didn't used to be this way the bankers sneaked the Federal Reserve Act in 1970s.

Before the central banks there was less fluctuations in world currencies b/c countries would back their currencies through metals or other tangible assets. Now the world economy is backed by the dollar. And the dollar is backed by nothing, if not the U.S. military. The economy needs more debt in order to function. It is an endless debt cycle that'll increase with volatility over time.

Due to quantitative easing the inflation rate constantly increases behind the scene making the dollar worth less resulting in the fixed min-wage to be useless over time. In due time bread and milk prices will go up. Combining that with taxes and other things that get take out of pay checks. A fixed min-wage does not make sense since the average person needs to make at least 400-500 dollars a week after taxes at the least; and 800-1300 after taxes on the mid tier brackets. A dynamic min-wage makes more sense.

if mass censorship is the way of the future. i at least hope i can make some money with my bags in the short term. because that will be the eventual outcome. slaves going to work, clocking in, clocking out, eating at the restaurants built in the new shitty plaza next to work, shitting their shitty processed foods into their shitty plumbing, taking a shower in shitty water, with nothing but a thin wall in between you and your shitty neighbor, who refuses to wage cuck and shoots heroine until he dies

meanwhile mr. shekelstein takes all of the money that you made him, fucks around at maralago, and hires an extensive team of lawyers to set up a pay wall for if you ever even want to think about taking a wet shit on him

and 2009
>Nibber, the minimum wage back then was around 5-7 dollars an hour, also inflation and regulations weren't nearly as bad as they are today.
The federal minimum wage is the same since 2009.
>How do you expect employers to pay people double while paying even more money in order to operate their bussines? is just common sense.
According to these studies, the minimum wage hasn't reached a tipping point yet.

Thanks.

im not kidding. crypto is world war three. people are dying out here working themselves to death trying to feed their family. holding on to their guns because they think the revolution is some boots on the ground campaign. im not saying crypto is the future, but if it doesnt at least change the way money and more importantly information changes hands, (most likely through smart contracts), then the future is bleak. my advice. buy a book on survival. start putting all of your money in untrackable investments (cold storage crypto wallet, actual gold, silver, platinum, tangible goods, goats) hunker down prepare to wait out the regime and subsequent regime change

if im wrong and nothing happens, chances are gold will still be valuable tomorrow. at least if you ever go bankrupt and the irs comes knocking, you'll still have digital assets sitting on a thumb drive up your ass

Don't listen to that guy. Minimum wages aren't being hampered by central banks. Though the Fed reduces the wage share of GDP in the economy by pre-emptively raising rates because employment is tight and wages are actually rising, even though we've seen no significant inflation.

It's not as much to the macro-economy as it sounds. BLS stated that about 500k+ workers were exactly at the federal minimum wage, with 1.3 million working below it. I'm not going to go through the trouble of finding out what the range of workers is between that wage level and $15, but I'll make some other high assumptions to try to compensate it. If you combine those two into one group of about 1.8mn workers, and you assume they all work full time, you figure out their net wages and then you see what share of gdp it is you'll find it's less than a percent. FRED has wage share at 43% from 2016, generally trending downwards from where it was in the 50s and 70s. So less than a percent change in total amount going to wages in the whole economy. Of course, all else being equal that would come out of profits. So if you do the same operation to corporate profit share in the economy, you'll see that the net wages of the 1.8 million minimum wage employees getting $15/hr is going to eat about 2% of corporate profits. Another notable BLS statistic is that the amount of workers directly at or below the minimum wage has shrunk a lot over the years anyways. In the 70s it was like, 13% or something. Now 2.3% of workers are at or below the min. wage trending downwards. Basically the minimum wage is so low that most companies pay above it. It's conceivable that you could at least push the floor up such that 13% of the workforce is at or below minimum wage again, like in the 70s, and the economy shouldn't tank. There might be a readjustment, but if it is such that historical wage share continues to be suppressed that means that corporations are clinging to their profits because they've grown used to getting more.

Sorry, I meant to say if you combine that group into one group and give them the $15 min wage with 40 hours a week, and then you figure how much that costs GDP and net profits.