Quote:
Originally Posted by Paul Markham
So those still living at home relying on Mum and Dad. Can be exempt. Unless Mum and Dad are also on a low wage.
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so you haven't really thought all this through, and are just making it all up as you go along? What if you aren't living at home, but your spouse makes $100k/year, should you be exempt too? Obviously you don't need the $$ to "live on", so why should everyone "subsidize" your employment at $15/hr?
Quote:
Originally Posted by Paul Markham
Why should a large portion of the population subsidise cheap goods made in china. By losing their jobs?
You're still thinking the present model can keep taking jobs and decent wages away from a large section of the population. And continue. It can't because eventually it will hit your wages as your customers can no longer afford to buy. Unless you're in a profession that's protected and pays well.
And I doubt if you are. Medium Level self-employed programmers are going to find the going tough. Major companies will shove out the small ones, Indians and others can work cheaper, doesn't matter how they are now, they will improve. And the market your clients rely on is shrinking.
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raising minimum wage does nothing at all to solve this problem and actually makes it worse... it increases the wage gap between the US and other countries, so it makes setting up production outside of the US even more profitable...
also, I think you are missing what the problem is, the problem is not lack of jobs... the problem is lack of skills, there are ton of available jobs but most of them require some specialized skills... by raising minimum wage you reduce people's incentive to acquire those skills... leaving them stuck with 20th century skills, in 21st century economy...