The Glade 4.0

These efforts are spearheaded by people who don't believe skilled labor is more valuable than unskilled labor. Assigned jobs where everyone just does what they're told for the good of society is the goal.

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Buckle your pants or they might fall down.

Ahem... you are not part of we, Canadianian.

I recently got a new job and negotiated myself a 40%-ish pay raise from my old job.

Sure we are. All one big happy economy in North America. (Except Mexico, they can **** off and bring me another margarita.)

Besides, we have minimum wage laws by province, too.

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Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
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The thing is a lot of the arguments here are self-defeating. If a minimum wage increase actually causes price increases and inflation above and beyond the magnitude of the minimum wage increase, then you really should be getting paid 200% of what you were getting paid before if the minimum wage goes up by 100%, because according to that argument, that 100% raise is actually equivalent to getting paid less than you were before. The fact that nobody actually gets such a raise kind of destroys the argument that increasing the minimum wage causes that much inflation. It causes some, yes, but not so much that even minimum wage earners that keep their jobs see no benefit.

*facepalm*

No it doesn't defeat the argument at all. All that would do is make the inflation occur that much faster. Once the raise occurs, that increases the immediate spending power of those people receiving it, causing more goods and services to be purchased.

The people in favor of this don't get that; hence why they raise the minimum wage to what they think seems like a fair amount. The inflation doesn't occur instantaneously, so they don't need to raise it to 200% to convince themselves they're helping.

There's nothing self-defeating going on here except the straw-grasping you're engaging in.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

The arguments are not self-defeating. Wage compression is a very real thing and is a large reason for the disappearance of the so called American Middle Class.

John D. Rockefeller was the first billionaire on the planet. He had, in 1937, just over a $1 billion U.S. dollars. In 2013 dollars, that's about $375 billion; that's means Rockefeller died with the combined net-worth of Bill Gates, Carlos Slim, Warren Buffet, Amancio Ortega, Larry Ellison, and Charles Koch combined, Xequecal. I'm not sure you understand what inflation does, if you don't grok that between a sliding currency valuation and an increasing cost of living, raising the minimum wage simply lowers more and more people to a unsustainable income level.

And, when they raise the minimum wage, everyone is making less than they made before. The minimum wage is the number of dollars per hour you have to earn to be a 0 cost commodity to your employer. Human labor is fungible. You're nothing more than a replaceable component in a machine.

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I was referring to people who weren't making minimum wage before the increase. If someone is making $20/hour, the minimum wage is $7.25, the minimum wage is raised to $15.00, and the minimum wage increase of 100% causes greater than 100% inflation, then the individual making $20/hour should now be making $40/hour. The value of his labor has not changed, but the money is now worth half as much as it used to be. The fact that the $20/hour worker does not see this raise is evidence that the claimed inflation didn't happen.

You're slightly wrong, and that ironically makes you even more right.

Rockefeller's wealth in 1937 at his death was significantly more, at 1.4 billion US dollars.

Interesting bit there...The gross national GDP of the USA was 92 billion at the time, which means ... forget "The 1%." Rockefeller alone was 1.5%.

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Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

No it isn't. It's evidence that people have this obsession with "helping" people at the minimum wage, while perceiving people who make around double that or more as doing fine, without regard to the effects of the changes that are happening.

Where do you get the diea that any mathematical analysis AT ALL, or anything other than blind social crusading is behind minimum wage increases?

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

I was being nice and using round numbers. Rockefeller died the richest documented man in human history. There may have been richer, but Rockefeller is likely the first we can legitimately compare to a genuinely global sampling of extremely wealthy peoples.

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Rockefeller's income (not net worth) would have to be 1.4 billion to be 1.5% at the time. The total value of all assets in the U.S. was probably over 1000x his.

Not so much; John D. Rockefeller was so immensely wealthy it's mind boggling to consider how much more economic leverage he had than Bill Gates and Warren Buffet combined, Lex.

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