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Comment: Re:Minimum Wage (Score 1) 1082

by Catbeller (#49737249) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

It was tried for a while, the 0 dollar wage. It was called slavery, and it DID work. The plantation owners were the wealthiest humans to ever walk the planet. Still might have been, adjusted for inflation. A great success. Those owners would have bought the world up with their wealth, bit by bit, had slavery not been sort-of stopped. Of course, normal non-slave humans were competing against free labor, and so barely got by, with lousy schools and dirt roads and abysmal ignorance that lasts to this day. We paid a lot for that free labor, didn't we? A truly "free" market - once side got their goods for free.

Comment: Re:Minimum Wage (Score 1) 1082

by Catbeller (#49737173) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

People were paid 18/hour in 1966 to work like a dog at McDonald's (you've never worked a restaurant chain job, I see). And the corporation grew into fantastically profitable giant. Seemed to work.

And people who get paid minimum wage don't get forty hour work weeks. They usually are capped at 18-29 hours, to avoid full-time employee status. And the work hours are jangled weekly so they can't get second jobs. Fun!

You're not everyone. And you've no imagination when it comes to life's little snafus. I take it life has treated you well. You've never really been too ill, or blacklisted, or locked into a bad situation because of family issues, or been unable to find employment because of past accusations or convictions, or had a nervous breakdown, or been hit by a car and been unable to function, or been employed in an industry that was gutted for profits.

And no, you've not seen the minimum wage jacked over the years. It was down to 40% of its original value even after all the "jacks", until finally someone performed arithmetic and found it started life at $18 an hour.

Comment: Re:what happens at universities? (Score 1) 1082

by Catbeller (#49736875) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

Even with a poverty minimum wage, corporations were getting workers for no pay whatsoever - interns - with the promise that if they slave now, someone would smile on them someday and hire them. This is what happens when there are no real laws. After a time, people will be paying businesses to hire them for nothing - logical, same reason. And it is happening overseas - H1B and other workers are paying for the priviledge of not being paid much, or at all, when they bribe recruiting companies.

Comment: Re:The last, lagging symptom of inflation (Score 1) 1082

by Catbeller (#49736757) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

Austerity failed. Give up. And there is no inflation anywhere that didn't adopt the notion.
The minimum wage was about 18/hour in 1966, and the republic did not fall. Some inflation took off later, but that was Vietnam and OPEC which blew our heads off.
It is possible to pay a decent wage and survive as a business - if you don't demand infinitely growing profits. Inflation and profit slowing is the bugaboo of the wealthy, not the giant group of the people known as the nation. Germany kept its decent paying jobs, and is one of the powerhouses of the planet. They didn't worship corporate profit increases over all else. Balance is the key.

Comment: Re:ENOUGH with the politics! (Score 0) 1082

by Catbeller (#49736653) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

Or, McDonalds could make a bit less profit. Profits are not guaranteed. They could clear three billion rather than four billion a year, and do just fine. On the other hand, the free market would explode as people could *buy* things again. If they can't understand the concept of limiting their profits, we can tax them until they get the message.

Comment: Re:ENOUGH with the politics! (Score 1) 1082

by Catbeller (#49736633) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

Slashdot is news about Stuff that Matters. If you want pure tech, go to the tech section. The minimum wage matters to all of us; poverty drags everyone down. The minimum wage, adjusted for inflation since it was instituted in 1966, would be around $18 an hour. We've been intentionally pretending we don't understand math for fifty years as people fell back into poverty.

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