Should we create a maximum wage?

[Moonbeam]

In this time of high unemployment we need more jobs for folk to do and we have millions of folk with tremendous skill sets out of work. If we cap the maximum anybody can earn at say 50 dollars an hour companies could put a lot more people to work. Instead of one CEO a company could hire 50 vastly increasing the chances they're being served with the best advise. This would swell the ranks of white collar workers and insure a huge middle class. Now instead of a small number of folk who can cat caviar every night there would be 50 times as many who could eat it once a week. The economy would take off and people would be happy. A huge new class would now be the nouveau rich.

 

[her209]

Hehehehe...

 

[bhanson]

For the most part (with a few exceptions) there is still potential for significant upward mobility in America. The majority of the lower class are there because they choose to be. Although people like Barbara Ehrenreich (author of Nickel and Dimed) claim that such mobility is not possible, their arguments are flawed and results are predetermined. Adam Shepard demonstrated this with his book Scratch Beginnings. He did nothing particularly special and started from having absolutely nothing to having a life.

If all of the people in the world were to be dumped in a fresh society most of the rich would become rich again and most of the poor would become poor.

 

[DesiPower]

Obama/Nancy/Harry's wet dream

 

[Moonbeam]

For the most part (with a few exceptions) there is still potential for significant upward mobility in America. The majority of the lower class are there because they choose to be. Although people like Barbara Ehrenreich (author of Nickel and Dimed) claim that such mobility is not possible, their arguments are flawed and results are predetermined. Adam Shepard demonstrated this with his book Scratch Beginnings. He did nothing particularly special and started from having absolutely nothing to having a life.

If all of the people in the world were to be dumped in a fresh society most of the rich would become rich again and most of the poor would become poor.

M: The rich aren't going to become rich again if there is a maximum wage now are they which is why I suggested we have one.

 

[PeshakJang]

In this time of high unemployment we need more jobs for folk to do and we have millions of folk with tremendous skill sets out of work. If we cap the maximum anybody can earn at say 50 dollars an hour companies could put a lot more people to work. Instead of one CEO a company could hire 50 vastly increasing the chances they're being served with the best advise. This would swell the ranks of white collar workers and insure a huge middle class. Now instead of a small number of folk who can cat caviar every night there would be 50 times as many who could eat it once a week. The economy would take off and people would be happy. A huge new class would now be the nouveau rich.

I know it's rhetorical, but do you ever think about what you say?

 

[spidey07]

No matter what the price of labor even your hair brained scheme wouldn't make companies hire more people. The business and how much they sell drive how many people they employ and little else. If business is growing, they hire more, if it's slowing they lay people off.

And of course you need a capable high priced CEO and other key executives to make the decisions at the correct times to maximize profit and growth.

 

[her209]

No matter what the price of labor even your hair brained scheme wouldn't make companies hire more people. The business and how much they sell drive how many people they employ and little else. If business is growing, they hire more, if it's slowing they lay people off.

And of course you need a capable high priced CEO and other key executives to make the decisions at the correct times to maximize profit and growth.

Wow spidey. Never thought you'd admit that tax cuts don't create jobs.

 

[PeshakJang]

M: The rich aren't going to become rich again if there is a maximum wage now are they which is why I suggested we have one.

So if I have 10 workers who I pay $75/hour now to remain competitive, and the government says that now I have to pay them $50/hour max... guess what, I just added $250/hour to my own profit.

Why hire more people?

Why do you hate America?

 

[spidey07]

Wow spidey. Never thought you'd admit that tax cuts don't create jobs.

Tax cuts give people more money which increases sales which leads to more jobs. It really is that simple.

 

[bhanson]

M: The rich aren't going to become rich again if there is a maximum wage now are they which is why I suggested we have one.

What is wrong with the rich becoming rich if it is a choice and is desired?

I do not believe this is influenced directly as a zero sum system where if the rich has money therefore the poor cannot. I think it is more the poor choosing to stay below a reasonable level of economic status.

To be clear, (in America) I think that the poor not having the basic needs is more the result of their actions than the actions of the rich.

 

[Londo_Jowo]

Yes, they should start with overpaid union laborers. This will help lower the prices on goods so people can afford to buy American.

 

[QuantumPion]

In this time of high unemployment we need more jobs for folk to do and we have millions of folk with tremendous skill sets out of work. If we cap the maximum anybody can earn at say 50 dollars an hour companies could put a lot more people to work. Instead of one CEO a company could hire 50 vastly increasing the chances they're being served with the best advise. This would swell the ranks of white collar workers and insure a huge middle class. Now instead of a small number of folk who can cat caviar every night there would be 50 times as many who could eat it once a week. The economy would take off and people would be happy. A huge new class would now be the nouveau rich.

I'll go with your plan if actors, athletes, lawyers, and politicians go first. And the punishment for the latter two, if they are found to have have more possessions then $50x40 hours per week could have purchased, is instant death.

 

[Moonbeam]

Obama/Nancy/Harry's wet dream

But it would mean that bright educated young Pakistanis could stay and work in Pakistan modernizing and liberalizing their country making it safe for India and the rest of civilization. And all the bright folk from all over the world who came here could go back home where their 50 an hour would allow them to live like kings. And you could give the finger and wave good bye to all those six fingered freaks in the South whose bigot culture hates you anyway and whose disease is spreading everywhere in the US.

 

[Moonbeam]

I'll go with your plan if actors, athletes, lawyers, and politicians go first. And the punishment for the latter two, if they are found to have have more possessions then $50x40 hours per week could have purchased, is instant death.

I would rather it be instant death for them all without stipulation. None of them do anything useful. Or maybe 10 dollars an hour for such folk so we know they do what they do for love.

 

[CycloWizard]

The nation would quickly crumble as those currently making over $50/hour began paying a fraction of their previous tax burden. Since no one else really pays much, tax revenue would rapidly approach zero. Further, since I would only be able to make more money by working longer hours, I would have no motivation to work efficiently or take on a stressful job. I wouldn't mind this in the short term, but after a few weeks when my brain turns to jelly, you'll have to support me.

 

[her209]

Tax cuts give people more money which increases sales which leads to more jobs. It really is that simple.

You're assuming tax cuts are spent, not squirreled away into the bedroom mattress, spent paying off credit card debt, or plowed into foreign investments.

 

[woolfe9999]

M: The rich aren't going to become rich again if there is a maximum wage now are they which is why I suggested we have one.

Most people get rich not from wages but from "investing," a broad term meaning taking an ownership interest or being an owner of a business and/or property. Wage caps would not cap business profits. If you owned a business, the cap would apply to your employees, not to you. Accordingly, this idea would fail to achieve your objectives unless the government owned all businesses and hence the profit was eliminated from the process. That, of course, is full blown communism.

- Dave

 

[drebo]

Wow spidey. Never thought you'd admit that tax cuts don't create jobs.

Tax cuts DON'T create jobs. At least, not directly. What they DO, however, is to allow people and businesses to keep more of their money to reinvest in themselves, which drives spending and potentially creates jobs further up the line.

The idea that a tax break as a reward for hiring new employees will cause businesses to hire new employees is a partisan lie espoused by the "progressives". Businesses hire employees if and when they need them, not because the gubment gives them a couple grand in tax deductions.

Letting people and businesses keep more of their own money is NEVER a bad thing. Ever.

 

[DesiPower]

But it would mean that bright educated young Pakistanis could stay and work in Pakistan modernizing and liberalizing their country making it safe for India and the rest of civilization. And all the bright folk from all over the world who came here could go back home where their 50 an hour would allow them to live like kings. And you could give the finger and wave good bye to all those six fingered freaks in the South whose bigot culture hates you anyway and whose disease is spreading everywhere in the US.

Monkey in a suite will still be a monkey. He will jump at every banana he sees.

 

[Moonbeam]

The nation would quickly crumble as those currently making over $50/hour began paying a fraction of their previous tax burden. Since no one else really pays much, tax revenue would rapidly approach zero. Further, since I would only be able to make more money by working longer hours, I would have no motivation to work efficiently or take on a stressful job. I wouldn't mind this in the short term, but after a few weeks when my brain turns to jelly, you'll have to support me.

The government will have to live within its means. Private enterprise will won't be paying so much taxes or wasting money on employees so they can hire to keep the country running. Lots of new business opportunities exist when rotten shit starts to crumble. We can always replace you, too, with somebody who will do science for the love of it.

 

[Moonbeam]

Monkey in a suite will still be a monkey. He will jump at every banana he sees.

True, there isn't any hope for those six fingered fools, but you won't have to eat from their diseased banana tree. In India they grow on palms and taste delicious as you probably well know.

 

[her209]

Tax cuts DON'T create jobs. At least, not directly. What they DO, however, is to allow people and businesses to keep more of their money to reinvest in themselves, which drives spending and potentially creates jobs further up the line.

The idea that a tax break as a reward for hiring new employees will cause businesses to hire new employees is a partisan lie espoused by the "progressives". Businesses hire employees if and when they need them, not because the gubment gives them a couple grand in tax deductions.

Letting people and businesses keep more of their own money is NEVER a bad thing. Ever.

Businesses investing in themselves and hiring employees pay no taxes on that money. That's been the case and will be the case even if the Bush tax cuts expire.

 

[Moonbeam]

Most people get rich not from wages but from "investing," a broad term meaning taking an ownership interest or being an owner of a business and/or property. Wage caps would not cap business profits. If you owned a business, the cap would apply to your employees, not to you. Accordingly, this idea would fail to achieve your objectives unless the government owned all businesses and hence the profit was eliminated from the process. That, of course, is full blown communism.

- Dave

Where did they get the money to invest? Probably we will have to tax that at near 100 % to encourage folk to go back to work. I see a big boon in spending as people get rid of their useless money.

 

[Darwin333]

In this time of high unemployment we need more jobs for folk to do and we have millions of folk with tremendous skill sets out of work. If we cap the maximum anybody can earn at say 50 dollars an hour companies could put a lot more people to work. Instead of one CEO a company could hire 50 vastly increasing the chances they're being served with the best advise. This would swell the ranks of white collar workers and insure a huge middle class. Now instead of a small number of folk who can cat caviar every night there would be 50 times as many who could eat it once a week. The economy would take off and people would be happy. A huge new class would now be the nouveau rich.

If we cap it at $10 dollars an hour we could hire 250! That would be 250 times as many people!