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Salary idea from John Stewart

I appreciate you taking the time to view the content I uploaded
If you want to, send a friend request my way. I accept them all!

July 29, 2013
whars. towa,. t/ titians (golfers? Why not "'" ise the
minimum. wage to a hundred thousand. dollars?
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Submitted: 07/20/2014
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Comments(181):

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#1 - evilhomer (07/20/2014) [+] (2 replies)
>100,000$ minimum wage
#6 - madcoww (07/21/2014) [+] (62 replies)
>Remove minimum wage   
>It becomes cost effective to create marginal jobs   
>Jobs are created   
>Unemployment goes down   
>Supply of labor goes down   
>Demand for labor goes up   
>Increased demand in labor leads to better bargaining power of employees   
>Employees are able to demand higher wages   
ALSO   
>Remove minimum wage   
>Pay for marginal jobs decreases   
>Cost of products created by marginal jobs decreases   
>Cost of living goes down for everyone   
PROFIT
>Remove minimum wage
>It becomes cost effective to create marginal jobs
>Jobs are created
>Unemployment goes down
>Supply of labor goes down
>Demand for labor goes up
>Increased demand in labor leads to better bargaining power of employees
>Employees are able to demand higher wages
ALSO
>Remove minimum wage
>Pay for marginal jobs decreases
>Cost of products created by marginal jobs decreases
>Cost of living goes down for everyone
PROFIT
#19 to #6 - thatonecommunist ONLINE (07/21/2014) [-]
Yeah man, thats totally legit, thats why that **** works so ******* well in the 3rd world m8
#22 - runescapewasgood ONLINE (07/21/2014) [+] (2 replies)
#2 - realitycheck (07/20/2014) [+] (12 replies)
indeed, why not? It would just play out the endgame faster.
You raise minimum wage, you just lower the number of employees and make it harder to get a new job.... and you raise the price of EVERYTHING YOU BUY, to boot.
$15 an hour burger flipper? Hope you like paying $10 for a McDouble.
#73 - wargeneralwest (07/21/2014) [+] (1 reply)
why not pay people in gum?
why not pay people in gum?
#83 - teranin ONLINE (07/21/2014) [-]
When people use the Argumentum ad absurdium logical fallacy and think they are making a good point
User avatar #23 - katarinaismywaifu (07/21/2014) [+] (16 replies)
Nice repost you ******* piece of **** .Women deserve to be paid more than men too btw ******* queer
User avatar #31 to #30 - asheskirata (07/21/2014) [-]
See, we were having fun, but now it's gone too far. I'm sorry, friend, but you've lost your touch.
#79 - swedishassassin (07/21/2014) [+] (10 replies)
Since this is a repost, I'll repost exactly what I said in my previous comment towards this picture:   
   
A raise in the minimum wage is fine... at maximum $11. Any further, and you do break the wage system. Inflation demands a raise in minimum wage, but the (and I'm sorry for getting political) liberals take it to the over-extreme with $15 and refuse any reason to lower that price, which !! would!! lower the dollar and the wage-cost of those paid $18 and up per hour.    
Limbaugh is wrong to say no raise; he's just way too black an white. But those demanding 15 are delusional or completely ignorant of economics. Minimum wage was never meant to be a wage to raise a family with; that's why you see teenagers getting paid minimum. If your career puts you at minimum, you better be looking for a better job instead of asking for unstable wage increase.
Since this is a repost, I'll repost exactly what I said in my previous comment towards this picture:

A raise in the minimum wage is fine... at maximum $11. Any further, and you do break the wage system. Inflation demands a raise in minimum wage, but the (and I'm sorry for getting political) liberals take it to the over-extreme with $15 and refuse any reason to lower that price, which !! would!! lower the dollar and the wage-cost of those paid $18 and up per hour.
Limbaugh is wrong to say no raise; he's just way too black an white. But those demanding 15 are delusional or completely ignorant of economics. Minimum wage was never meant to be a wage to raise a family with; that's why you see teenagers getting paid minimum. If your career puts you at minimum, you better be looking for a better job instead of asking for unstable wage increase.
#17 - anonymous (07/21/2014) [+] (2 replies)
Stewart **** his pants screaming about how stupid this woman was, but she is right.
If raising the minimum wage actually did anything to help people then the eventual achievement of 100K a person an hour would make the whole world incredible. When in reality every time we raise the wage at all makes the whole market more expensive and all saved money worth less.
tl;dr: Jon Stewart doesn't know **** about simple economics.
#57 to #17 - historyexplained (07/21/2014) [-]
Your analysis is bad and you should feel bad. An exampel of some one who raised wages with succes you can look Henry Ford up. Henry Ford paid his workers so they themselfs might one day be able to buy the very same cars Henry Ford made and they helped produce. This create a cicle that helped Henry ford selling more cars then he would have if he lowed his workers wage. Higher wages = higher Purchasing power.
User avatar #9 - anonemous (07/21/2014) [-]
Will work for unicorns....
#137 - douthit (07/21/2014) [+] (4 replies)
Having a mandated minimum wage removes an essential cog from the machine that is the market. By creating a basement rate, you deny the unskilled and uneducated one of the few bargaining powers they have to gain employment--the ability to undercut others.
User avatar #98 - konradkurze (07/21/2014) [+] (6 replies)
this is kind of a moot argument.....

a large part of inflation is caused by having too much money in circulation....

when we had the gold standard....it was based on a limited supply basis and each coin was worth alot because there were only so many around....when paper money came into play it destroyed the limitation because when theres a lack of paper money, mints just print more and lower the value of money overall

raising the minimum wage wont help the problem, it just expands how much money exists and causes further inflation....what the system should do is cut back on how much money exists and thus increase how much its worth based on the old limited supply.....
kids, just ask your grandparents how much they could buy for a few dollars back in their day when there was less money around

#94 - konradkurze (07/21/2014) [+] (5 replies)
pay in cocaine?


KA KA KA KA KA YEAH!!!!!
#71 - Gute (07/21/2014) [+] (3 replies)
As an Econ major, I've been taught that the amount of people working at the minimum wage, in America,
> Insert yugioh abridged pic
is such a low percentage of the working class,
> like .5% or 5%
> inb4 that's a big difference
that, barring anything major, changing the minimum wage either way wouldn't have significant effects either way.
This being said, because we are just coming out of a recession and still have an unhealthy workforce participation rate, I tend to lean towards not raising the rate.
Because I'm still in the early stages of getting my degree , if anyone with an actual Econ degree and/or relevant experience can contradict or provide more info please do.
User avatar #65 - robinwilliamson (07/21/2014) [-]
Appropriate raises of minimum wage don't decrease jobs (largely influenced by concurrent inflation levels)
www.businessinsider.com/if-your-minimum-wage-increase-doesnt-raise-unemployment-you-didnt-raise-the-minimum-wage-enough-2014-2
13 States give empirical data to support that
www.npr.org/blogs/thetwo-way/2014/07/19/332879409/states-that-raised-minimum-wage-see-faster-job-growth-report-says

As for inflation, that's a little too complicated to think about in today's economy, but is generally a very short-sighted argument, as the issue of inflation can be tackled by many other policies, such as national debt, foreign trade, and income inequality (which had been amplified by 1980 by Supreme Court cases saying corporations are people and can spend money in politics so wolf-pac.com everybody).

#45 - biscuitsunited (07/21/2014) [+] (2 replies)
Raising the minimum wage has some very strong implications.

1.It raises the costs of things, if lets say the minimum wage is 3& now, but they raised it to 10&, to make up for this loss in profit prices would rise.

2.Inflation, if things go up in cost then the value of money goes down, your savings will be worth less.

3.the job market. If its too expensive to hire companies simply won't. reducing the already finite job market.

4.If poor people have money then they will start an uprising, replace the monarchy with republic and the natural order of things will be removed. last point is jk but you get the idea
#152 - anonymous (07/21/2014) [-]
**anonymous rolled image** It's called inflation you bitch
User avatar #145 - thenightmarechild (07/21/2014) [-]
If minimum wage were gone tomorrow. We'd have one our two years where corporations would continue to raise it. Then it would stop permanently. Once business convince people things are better with out a law protecting them, and lulles them into a false sense of security we'll all die.
User avatar #143 - andriod (07/21/2014) [-]
Wow, I never knew that there were so many economists on FJ
User avatar #10 - dazzles (07/21/2014) [+] (2 replies)
All I know is that if some people get a $2.25 raise...and I've been making the same amount of money ($10/hr) for two years...I better get a $2.25 raise. I've been working hard at my job and I'll be damned if I'm going to go down to minimum wage.
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