Does minimum wage raise itself with decreased productivity?

[Kytro]

If you think "hard work" pays off because it is hard work, you are mistaken.

Clever work pays off, it does not need to be hard or much, all you need to do is have people believe they are getting what they want

[Dumpy Dooby]

Originally Posted by Thorgrim

Really, most minimum wage earners move on permanently in 1-3 years? I'd like to see that link

Slacker-thiefs don't get ahead? My best friend at Yale Law still uses some of over a thousand dollars he made selling stolen cigarette cartons to buy his books

AMERICOA ONLY EXSITS BCUZ WE STOELD TEH LAND FORM TEH INDIDANS LOLZZZZ!!!11 :

That's about as logically consistent as your retort.

[Thorgrim]

Originally Posted by Kytro

If you think "hard work" pays off because it is hard work, you are mistaken.

Clever work pays off, it does not need to be hard or much, all you need to do is have people believe they are getting what they want

Exactly, "hard work" is one of the dumbest beliefs ever...my great grandparents worked their asses off in the coal mines and my grandfather grew up dirt poor

Work smart, not hard, and get lucky

[kinggovernor]

Originally Posted by Kytro

If you think "hard work" pays off because it is hard work, you are mistaken.

Clever work pays off, it does not need to be hard or much, all you need to do is have people believe they are getting what they want

the jobs that pay the least require the most manual labor

[SpicyMcVoodoo]

Originally Posted by RMNIXON

Yes! Most people move beyond minimum wage in 1-3 years. The way to get ahead is not being a slacker thief. If you don't think an employer is fair get another job. Then all an unfair employer will have left is the slackers!

If only government could work this way! They promote the damn incompetent slackers!

I'm curious how true this is...whether minimum wage jobs are the types which people advance from, and whether minimum wage workers are the type to stick around and advance in the same place...I don't think a lot of 17 year olds at McDonald's are trying to impress their bosses and work their way up to management. I'd imagine lots of minimum wage earners are very young people who will advance elsewhere after getting an education or training to work somewhere else.

[kinggovernor]

Originally Posted by SpicyMcVoodoo

I'm curious how true this is...whether minimum wage jobs are the types which people advance from, and whether minimum wage workers are the type to stick around and advance in the same place...I don't think a lot of 17 year olds at McDonald's are trying to impress their bosses and work their way up to management. I'd imagine lots of minimum wage earners are very young people who will advance elsewhere after getting an education or training to work somewhere else.

Which is why minimum wage is a waste

[SpicyMcVoodoo]

Originally Posted by kinggovernor

Which is why minimum wage is a waste

I dunno if it's a waste. Taking into account productivity, I wonder which is the net gain for society...minimum wage with fewer jobs and more productivity, or no minimum wage with more jobs and lower productivity...or they're roughly equal to each other?

I don't know...I'm trying to quantify this instead of making it a philosophical question. I'm such an economic noob that I don't really know what I'm talking about. Surely someone has read more about this? Care to chime in?

[Kytro]

Originally Posted by kinggovernor

the jobs that pay the least require the most manual labor

I was not really talking about physically hard, though it still illustrates the point to a degree.

It does not matter if you are a incompetent slacker if you don't come across as one. The same way it does not matter how hard you try or how much effort you put in if people don't see it.