Current Events > Why does there need to be a minimum wage?

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Cotton_Eye_Joe
10/01/22 11:48:57 AM
#1:


Wouldn't competition force employers to increase their wages?

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DarthAragorn
10/01/22 11:50:27 AM
#2:


Lmao

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Number090684
10/01/22 11:50:54 AM
#3:


To prevent shady employers from exploiting potential workers more than they already do.
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viewmaster_pi
10/01/22 11:53:30 AM
#4:


capital idea!! i think i will pay my employees in well-wishes from now on

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Payzmaykr
10/01/22 11:53:43 AM
#5:


Because people have tried things in the past like paying a few cents per hour or paying workers in company tokens that can only be used at the company store.

Minimum wage is nowhere close to a livable wage in my city ($12/hr), so the government already allows them to pay an amount of money that you cannot survive on. The fact that so many businesses default to minimum wage is them telling the worker, I know this isnt much, and I would literally pay you less if I could do so without getting a criminal charge, so I will pay you bottom dollar and force you to do the work of four people.

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Anteaterking
10/01/22 12:01:47 PM
#6:


If competition would naturally force wage above minimum wage, it wouldn't matter that we had one.

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FunkyCat
10/01/22 12:02:16 PM
#7:


Aahahahahahahahahahahahahahahhashahahahahahayayaysyayayayahhaahaahhaha

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Cheater87
10/01/22 12:02:58 PM
#8:


So we won't be paid a penny a week.

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Collat
10/01/22 12:12:31 PM
#9:


Cotton_Eye_Joe posted...
Wouldn't competition force employers to increase their wages?
Well it doesn't now.
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Uta
10/01/22 12:19:52 PM
#10:


Cotton_Eye_Joe posted...
Wouldn't competition force employers to increase their wages?
Competition doesn't drive wages up, it drives them down. It also drives fewer workers over longer hours. These will save the company money and drive up profits, which makes them more competitive than other businesses. Even with established minimum wage, many companies hire people illegally and give them less than that, either straight up breaking the laws, or providing them with "benefits" that they claim has value enough to offset their wages.

This is why we need Unions and Labor Laws, to protect us from corporations doing whatever it takes to raise profits by exploiting their workers.

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Tappor
10/01/22 12:32:16 PM
#11:



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MagnusX
10/01/22 4:43:00 PM
#12:


Cotton_Eye_Joe posted...
Wouldn't competition force employers to increase their wages?
This is the kinda ignorant shit my libertarian "friends" believe
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GreenMario
10/01/22 4:44:23 PM
#13:


Cotton_Eye_Joe posted...
Wouldn't competition force employers to increase their wages?
You'd think so huh

More like competition to see how low they can make wages and still get employees

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RlP
10/01/22 4:58:03 PM
#14:


Payzmaykr posted...
Because people have tried things in the past like paying a few cents per hour or paying workers in company tokens that can only be used at the company store.

Or pushing tips to customers so the company doesn't have to pay their workers. This one has greatly worked at the US...

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