IntelligenceSquared Debates asked:
The first attempt at establishing a national minimum wage, a part of 1933’s sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair…
The first attempt at establishing a national minimum wage, a part of 1933’s sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair…
local lawyers
abolishing minimum wage would also require abolishing monopolies/corporate
welfare this way individuals can compete with corporations on a level
playing field without interference…..the end
MP4
To everyone looking at this video, the minimum wage debate is both a false
issue and a distraction. The real problem is that fact that income of drug
dealers, dominatrixes and hit men is unreasonably excessive to the point
that it is responsible for a significant drain on the capital of my company
and many others. There is no question that the income of these people must
be severely regulated and limited to a much more appropriate level in
accordance with their education (most don’t have a college degree). Once
this is done I will be able to pay my workers the minimum wage they
deserve!
socks proxy
Neither of you are right. In theory, if nothing progressed I’d take a
position. All the “minimum wage increase” folks can hope for is immediate
gratification. All the “no minimum wage” folks can hope for is extension of
gratification. Don’t you dullards see, automation necessarily WILL displace
everyone. We are at the ELBOW (from our perspective) of the exponential
growth of technology. Do a little research, or a lot if you need. Robots
WILL replace most of human work soon. Robots WILL replace all human work
within (my opinion) less than 50 years. What will public policy be when 90%
of people that want to work CAN’T because machines can do it more
efficiently. Think about it. We are NOT in a linear world, but exponential.
WAKE UP.
fast mortgage
The problem with this debate audience was comfirmation bias. Most audience
member that were undecided we’re likely already leaning towards keeping the
minimum. In order to get a real number you would have to have controls such
as equal amount of supporters of both ideas along with a number of
undecideds split down the middle. That being said the people against a
minimum wage won.
New Site
The minimum wage was imposed to suppress black people during 1930’s and it
still does!
New Site
The minimum wage is one of the most clever, racist political schemes in
modern history. It has all the trappings of a great thing for the little
man, but really it serves to further alienate low-skilled, low-educated
people from employment, especially young, inner-city blacks who, as a
result of their inability to get hired, may resort to various underground
markets to earn a (meager) income, which will increase their exposure and
likelihood of negatively coming into contact with law enforcement, likely
to serve “time,” and cause further disruption to their already-broken
families. Then the op-ed pundits will blame these catastrophic results on
their inferior “culture” or even worse, their “genetic” inferiority.
blog software
NOOOOOO!!!!! we don’t want to be like a tiny island nation state with no
natural resources (WHATSOEVER) but yet ranked 1st on the 2015 economic
freedom index, with a per capita income of $52.7K (only $300 less than the
US) and a 3.3% unemployment rate; NO, that would be tragic!!!! Let’s rather
model the US economy on one of the least free nations in the world, ranked
139 on the economic freedom index, with a per capita income of
$9.8K….THAT’S what we should be striving for, the CHINESE model, where
everyone is EQUAL…EQUALLY poor, EQUALLY unfree, EQUALLY cowed by an
abusive big brother day in and day out! OH YES, it makes perfect sense that
this idiot woman ‘advises’ Joe Biden.
Big Payoffs
I’m surprised I didn’t hear anything about where the extra money people
would earn, should the min wage go up. I thought that that would have been
one of their central arguments, that people making the minimum would put
virtually every extra penny right back into the economy. Bush gave the rich
big tax breaks with the idea they would invest in business, but new jobs
dropped to the lowest rate in 70 years, over the subsequent 10 years after
the breaks were given. That was because business didn’t have forecasts that
warranted expansion. More money in the hands of the low & middle class
always goes back into the economy, not into savings or the stock market.
convert to EFI
I’m kinda disappointed that they couldn’t find better debtors for the
In-Favor side. This is an Econ101 issue that should be easy for any
freshman college student to defend. The straw man and ad hominem arguments
were abundant from the Against side and these were almost never confronted
by the In-Favor side. And at some points the in-favor debaters arguments
they seem to actually concede or undermine their own side! Even the
audience was biased on the matter. When ~%50 of the audience already
supports one side, claps and cheers for that side, and nearly all questions
from them seem to favor that side, undecided people in the audience will
become biased. This hardly seems like a fair debate, and does not live up
to the merit of the subject matter.
Stock Ticks
We have the technology to produce abundance for all without bartering or
exchange of currency, the entire money structured society is a false
society.
cancer
Let’s assume that you have a small budget and you want to start your own
business. You have to invest in advertisement, materials, you have to pay
taxes (don’t forget about that) (isn’t that too much risk already) and Now
you have to pay the sign waiver $15hr or else.
Does it make sense to you? It shouldn’t! This kind of bullshit will destroy
intellectual curiosity (why go to college when I am making $15hr stocking
groceries at the mall. I have $10,000 to invest in some kind of business,
but I cannot afford to pay my employees the minimum wage. Obama: Hey!!!!
Get a Job at mcfruity, I just got you $15hr…. you welcome America!!!!
More conformism and less business creation….. viva la democrata!!!!! heil
stupidity!!!!!
The land of the free, brave and obamacare
what fucking next?
Global warming
gun control
fucking Medicare man!
I thought this was the land of the free.
oh and I almost forget, Obama’s immigration plan….. what? Dude! I am not
an American, but I feel like I have been raped by the US repeatedly over
and over again. my green card is worthless to me, I am better off avoiding
taxes, I don’t need a fucking green card or driver’s license to drive, I
don’t need a social security to open a bank account, I don’t need any of
this shit to apply for credit cards. I shouldn’t have spent my time trying
to get the greencard. I should have just come here, illegally, and wait for
this stupid motherfucker to give it to me. all that time and money I have
wasted in that stupid greencard. thanks Obama , fuck you so much man!!!
rendan
As a slaver, I like not paying my slaves anything. So I’m against the
minimum wage.
earnings date
Hate to say it but rich people control the world. People need to understand
that
Commercial Rentals
The problem with minimum wage debates is that they focus on the workers and
not the companies and the location those companies operate in. it is
obvious that big corporations like Walmart, Home Depot and McDonalds could
easily afford a high minimum wage. The problem is that small mom and pop
shops and even franchises in small town USA would get destroyed by a high
minimum wage. As for abolishing the minimum wage, I think abolishing it
would help entrepreneurs with new startups. The average failure rate for
new startups, across all industries, is around 50%. If the minimum wage
was abolished it might help new startup companies succeed. I’m sure
regulations don’t help either but if a new company weren’t force to pay a
minimum wage, that 50% failure rate might decrease. This is just a Theory!
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1:14:00 The potential benefits are minimum If the exist at all. The
potential harm however, could be quite Large.
I find it hilarious how heavily the Pro Minimum Wage team used the
argument, “The minimum wage MUST be good, POLITICIANS support it.”
proxys
This was a tough debate, but a good one. I know its a little off topic,
but one thing that i think is overlooked, is the skill to pay ratio, versus
the resources available to survivability ratio. When i imagine an evolved
society, it would entail no monetary system at all. And instead of craving
pleasure from mindless entertainment, acquiring more things we dont need,
and planned obsolescence, we could crave tech/spirtiual enlightenment,
responsible resource management (instead of looking at everything as “what
can i get out of it” mentality), and free information and education. Just
think business-wise for a second, you will almost always place
business/personal-profit above any other factor, including human
well-being, especially if you never have to see or talk to them. Most
economies are anything but economical. We burn through as many resources
as possible to make as much profit as possible. This idea that a person
has to earn a living is very convenient after a few rich/smart/greedy
people round up all the resources and then sell them back to you. And This
idea, that a person, without a mind-numbing, soul-crushing, tedious job, is
a failure and would be a lazy oaf without one, i think, is also false.
Think back when you were a child, full of creativity, and ambition, and
genuine interest in so many things. Sure there would be some lazy people,
but I honestly think eventually they would start to dwindle in numbers in a
society that allows and encourages people to their greatest limits. These
“childish” notions vanish as the geared society tells us there’s something
wrong with us, and we have to “grow up.” Trust me when i say, I’m not
trolling, I’m just a Utopianist haha
My Ride
Minimum Wage. What a bunch of junk.
If the current minimum wage @ almost $9.00/hr is so great then why not
raise the minimum wage to $50/hr or even $100/hr? You cannot legislate
prosperity like those who are the Left propose.
Trying to elevate people economically by raising the minimum wage is about
like trying to raise the water level in a bathtub by taking it from one end
of the tub and pouring it into the other end.
Home care rentals
One problem I’m concerned about:
The labour market is larger than the jobs market, so wages would drop.
Economics 101 – Where there is competition, prices fall and quality
improves, so poorer workers wages will drop and they will be required to
work harder.
I’m split on the debate though, and welcome any info on this :)
social media
what isn’t discussed is that those poor families struggling with 2-3 jobs
at minimum wage will lose their SNAP and Medicaid benefits with a raised
income. That higher income will not be enough to replace the lose of those
benefits, so the argument is invalid.
My Ride
1:13:50 Bernstein nails it!
sell cars
here’s the killer….. sure you are an employee at your job, but you are
an employer to your plumber, landlord, mechanic, lawnmower, daycare,
grocer, doctor, computer repair guy, dentist and and I could go on. If you
want a minimum wage for your job, then why don’t we set a minimum price for
all those people YOU employ???
When will we learn to give up trying to control the choices other people
make. if you’re willing to take 7.24 instead of the 7.25 set minimum for a
job, what’s wrong with that?. and if a company is willing to pay you 3
million a year… let them.. why is everyone so bent on controlling the
choices of others? are you not happy with welfare, ssi and obamacare? now
you want to control how much I can pay people who work for me.. oh well,
that’s why I hire Filipinas overseas. That’s like someone setting the
minimum price of socks.. or setting a maximum price for cars… what is
wrong with people… its all voluntary and all employees to one company
are employers to dozens of other companies.
bad broker?
The “against” side lost when Karen let it slip that there IS no DEBATE of
ideas or facts in her world, just (politely, of course) resorts to
character assassination of the members of the opposing team and any
audience member who has a different belief to hers. As she clearly states
TWICE, they are MORALLY WRONG. The primary premise of James Bernstein’s
argument seemed to be, that because the very idea of debating the motion
was obviously so ridiculous, he didn’t need to. His proposition that
economists spend a few years as social workers has merit. A few years
running a small business wouldn’t be a bad idea either.
Chat
Minimum Wage is a nonsense, why should the government interfere in any
privet contract if the employer won’t offer enough he will get no workers,
same as if any company price’s what they are selling to high nobody will
buy.
It is depressing that this simple truth is not understood even in
America, what hope for the rest of the world
New Site
Increasing the minimum wage on the margin doesn’t significantly affect
unemployment. A better question is, “Who is paying for the increase?” In
most cases, the minimum wage places downward pressure on the middle class.
Minimum wage workers may see a 40% increase in thier wage, whereas middle
income earners would see only a 15% increase in their wages. This
effectively decreases the standard of living of the middle class. =/
Lottery KY
Immigration is the elephant in the room. We have allowed tens of millions
of low skilled immigrants into the country, both legal and illegal. The has
the net effect of pushing down wages. Then we propose to raise the minimum
wage. Stop illegal immigration and lower the level of legal immigrants and
we won’t have any problems with wages. The laws of supply and demand will
kick in and we won’t have the problem.