Heroes of Might and Magic Community
visiting hero! Register | Today's Posts | Games | Search! | FAQ/Rules | AvatarList | MemberList | Profile


Age of Heroes Headlines:  
5 Oct 2016: Heroes VII development comes to an end.. - read more
6 Aug 2016: Troubled Heroes VII Expansion Release - read more
26 Apr 2016: Heroes VII XPack - Trial by Fire - Coming out in June! - read more
17 Apr 2016: Global Alternative Creatures MOD for H7 after 1.8 Patch! - read more
7 Mar 2016: Romero launches a Piano Sonata Album Kickstarter! - read more
19 Feb 2016: Heroes 5.5 RC6, Heroes VII patch 1.7 are out! - read more
13 Jan 2016: Horn of the Abyss 1.4 Available for Download! - read more
17 Dec 2015: Heroes 5.5 update, 1.6 out for H7 - read more
23 Nov 2015: H7 1.4 & 1.5 patches Released - read more
31 Oct 2015: First H7 patches are out, End of DoC development - read more
5 Oct 2016: Heroes VII development comes to an end.. - read more
[X] Remove Ads
LOGIN:     Username:     Password:         [ Register ]
HOMM1: info forum | HOMM2: info forum | HOMM3: info mods forum | HOMM4: info CTG forum | HOMM5: info mods forum | MMH6: wiki forum | MMH7: wiki forum
Heroes Community > Other Side of the Monitor > Thread: Minimum wages
Thread: Minimum wages This thread is 8 pages long: 1 2 3 4 5 6 7 8 · «PREV / NEXT»
mvassilev
mvassilev


Responsible
Undefeatable Hero
posted March 02, 2013 03:00 AM
Edited by mvassilev at 03:01, 02 Mar 2013.

Mytical:
Quote:
A business will pay as little as it can, and get away with it.
Sometimes "as little as it can" is still a lot. It depends on the workers' productivity.

Xerox:
By "imported goods", I don't necessarily mean electronics. It could mean food or medicine.
And you're right about the "brain drain" phenomenon.
____________
Eccentric Opinion

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
fauch
fauch


Responsible
Undefeatable Hero
posted March 02, 2013 06:04 PM

Quote:
Sometimes "as little as it can" is still a lot. It depends on the workers' productivity


lol what?

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Zenofex
Zenofex


Responsible
Legendary Hero
Kreegan-atheist
posted March 07, 2013 08:19 AM

Quote:
Sometimes "as little as it can" is still a lot. It depends on the workers' productivity.
And you claimed that there is no way to measure how much effort a worker spends on a task so the labour can be objectively evaluated as a resource. Seems like you're pretty confused about all this stuff.

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
mvassilev
mvassilev


Responsible
Undefeatable Hero
posted March 08, 2013 12:37 AM
Edited by mvassilev at 00:37, 08 Mar 2013.

It is measured by employers' willingness to pay for whatever the worker is doing, and by the workers' willingness to accept that wage. It's not about effort, but the (expected) result.
____________
Eccentric Opinion

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Zenofex
Zenofex


Responsible
Legendary Hero
Kreegan-atheist
posted March 08, 2013 08:05 AM

Sounds like some anecdote. If everybody is willing to do something, then the economy is flourshing, no matter if thay are actually doing something. I guess people should be glad that nobody is employing such mysticism in practice.

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Doomforge
Doomforge


Admirable
Undefeatable Hero
Retired Hero
posted March 08, 2013 11:46 AM
Edited by Doomforge at 11:47, 08 Mar 2013.

That's why economics is a waste of brain. (no offense, economists). All looks good on paper, and has zero use in reality. See the countless analytists and economists ridiculed by the last crisis in US.
____________
We reached to the stars and everything is now ours

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
JoonasTo
JoonasTo


Responsible
Undefeatable Hero
What if Elvin was female?
posted March 08, 2013 12:18 PM

Quote:
That's why economics is a waste of brain. (no offense, economists). All looks good on paper, and has zero use in reality. See the countless analytists and economists ridiculed by the last crisis in US.

That's where you would be wrong, we don't use brains!
____________
DON'T BE A NOOB, JOIN A.D.V.E.N.T.U.R.E.

 Send Instant Message | Send E-Mail | View Profile | PP | Quote Reply | Link
xerox
xerox


Promising
Undefeatable Hero
posted March 08, 2013 06:03 PM

It's a young science, yes. But it would be foolish to completly disgard it.
____________
Over himself, over his own
body and
mind, the individual is
sovereign.
- John Stuart Mill

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
fauch
fauch


Responsible
Undefeatable Hero
posted March 08, 2013 09:53 PM

Quote:
That's why economics is a waste of brain. (no offense, economists). All looks good on paper, and has zero use in reality. See the countless analytists and economists ridiculed by the last crisis in US.


actually, the ones who saw it coming were the one to be ignored.

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
del_diablo
del_diablo


Legendary Hero
Manifest
posted March 09, 2013 10:18 AM

Quote:
It's a young science, yes. But it would be foolish to completly disgard it.


A educated kid should know better, its not a Science yet.
____________



 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Zenofex
Zenofex


Responsible
Legendary Hero
Kreegan-atheist
posted March 09, 2013 01:24 PM

Quote:
That's why economics is a waste of brain. (no offense, economists). All looks good on paper, and has zero use in reality. See the countless analytists and economists ridiculed by the last crisis in US.
The main problem of the economy as a science is that it's susceptible to ideological influences (unfortunately no economic theory is completely sterile in this regard). Don't confuse mvass' jabber for economy though - the libertarians are the only ones who believe that their "theories" make any sense while the reality laughs at them all the time. The sad part is that the same crap is being taught at the universities like it is actually worth studying.

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Fauch
Fauch


Responsible
Undefeatable Hero
posted March 09, 2013 03:52 PM
Edited by Fauch at 15:52, 09 Mar 2013.

but they add a good bunch of psychological manipulation over it. (in general, I'm not talking about those schools, never been in one of those)

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Corribus
Corribus

Hero of Order
The Abyss Staring Back at You
posted March 09, 2013 05:06 PM
Edited by Corribus at 17:06, 09 Mar 2013.

Economics can be approached scientifically, but there are too many variables to control and it's too susceptible to idealogical biases to have any specific predictive power.
____________
I'm sick of following my dreams. I'm just going to ask them where they're goin', and hook up with them later. -Mitch Hedberg

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
JoonasTo
JoonasTo


Responsible
Undefeatable Hero
What if Elvin was female?
posted March 09, 2013 05:17 PM

Worse than physics better than psychiatry.

But most of it is just stating the obvious. Or so we rational people would like to think but looking at this thread it seems we better fall back to marketing principles: don't think what's rational and what you'd do, the public is irrational and stupid.
____________
DON'T BE A NOOB, JOIN A.D.V.E.N.T.U.R.E.

 Send Instant Message | Send E-Mail | View Profile | PP | Quote Reply | Link
fauch
fauch


Responsible
Undefeatable Hero
posted March 09, 2013 06:44 PM

hmm it depends. is he irrationnal or has he been taught to be?

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Seraphim
Seraphim


Supreme Hero
Knowledge Reaper
posted March 11, 2013 01:36 AM
Edited by Seraphim at 01:38, 11 Mar 2013.

The minimum wage is the arbitrary limit set by the state by which a a natural person should earn no less than that in order to sustain her/him-self.

Point is, with illegal workers that limit is just a limit for the people who work for that type of wages as the employer might be more interested to employ illegal workers who work for less ,if the employer is ready to take the risk...

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Corribus
Corribus

Hero of Order
The Abyss Staring Back at You
posted March 30, 2016 02:35 PM
Edited by Corribus at 14:36, 30 Mar 2016.

California reaches agreement over $15 minimum wage law.

What a stupid thing to do.
____________
I'm sick of following my dreams. I'm just going to ask them where they're goin', and hook up with them later. -Mitch Hedberg

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Minion
Minion


Legendary Hero
posted March 30, 2016 03:19 PM

By principle because mimimun wage is bad or because it is too high? (That is 15$ by year 2022)

I don't know if the number is correct but California seems to be the beacon of hope in America still. You should not have to work 3 jobs to pay your rent.
____________
"These friends probably started using condoms after having produced the most optimum amount of offsprings. Kudos to them for showing at least some restraint" - Tsar-ivor

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
OmegaDestroyer
OmegaDestroyer

Hero of Order
Fox or Chicken?
posted March 30, 2016 05:26 PM
Edited by OmegaDestroyer at 17:26, 30 Mar 2016.

The concern is inflation.
____________
The giant has awakened
You drink my blood and drown
Wrath and raving I will not stop
You'll never take me down

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Corribus
Corribus

Hero of Order
The Abyss Staring Back at You
posted March 31, 2016 01:15 AM

Beacon of hope? I wouldn't live in California for anything. And raising the minimum wage by 50% or more is certainly not going to do anything to ease the burden on the poor, even though politicians like to pretend it will. By artificially setting the dollar value of labor, you drastically reduce the buying value of the dollar. Beyond that, it will probably incentivize businesses to cut back on employees, employee hours, or even replace jobs with automation - and guess which jobs are most easily replaced with machines?

____________
I'm sick of following my dreams. I'm just going to ask them where they're goin', and hook up with them later. -Mitch Hedberg

 Send Instant Message | Send E-Mail | View Profile | Quote Reply | Link
Jump To: « Prev Thread . . . Next Thread » This thread is 8 pages long: 1 2 3 4 5 6 7 8 · «PREV / NEXT»
Post New Poll    Post New Topic    Post New Reply

Page compiled in 0.0347 seconds