The Off Topic Topic

[Josquius]

A weird thought I just had- could the minimum wage be tied into corporate profits

Of course the corps would just find ways to cheat

Sure.  You could tie it to the phase of the moon, global mean temperature, just about anything.

They're not particularly related to the ability to pay wages and the labour of employees though.

[Josquius]

A weird thought I just had- could the minimum wage be tied into corporate profits

Of course the corps would just find ways to cheat

What of course you should understand is that raising the minimum wage accross the board is hardly a solution to anything. It raises the costs of all business creating the products poor people buy (unless they move production out of the country, again hardly a benefit), plus raises the supply of money which again results in price raises.

Wtf?
I didn't say raise the minim wage across the board. This random thought's central point is that it is absolutely not doing that

[Tonitrus]

A weird thought I just had- could the minimum wage be tied into corporate profits

Of course the corps would just find ways to cheat

Sure.  You could tie it to the phase of the moon, global mean temperature, just about anything.

While Yi's analogies are, of course, silly and flippant...the idea of tying wages to profits has a huge flaw when the company loses money.  As that logic would mean pay cuts, and potentially negative salaries if things get really bad. 

And as for ways to cheat...they'd just pull the same stunts film producers do to cut down actors making a percentage of the profits...by cheating down the actual profit numbers.

[Admiral Yi]

It raises the costs of all business creating the products poor people buy (unless they move production out of the country, again hardly a benefit), plus raises the supply of money which again results in price raises.

No it doesn't.

[Admiral Yi]

They're not particularly related to the ability to pay wages and the labour of employees though.

Profits are not necessarily related to the labor of employees either. 

I suppose what you're proposing is analogous to profit sharing or commission renumeration.  There are historical precedents: crews signed on to whaling ships and slavers on a share-of-profits basis.

But do you really think most people would be willing to accept that degree of variability in their incomes?

[Tonitrus]

They're not particularly related to the ability to pay wages and the labour of employees though.

Profits are not necessarily related to the labor of employees either. 

I suppose what you're proposing is analogous to profit sharing or commission renumeration.  There are historical precedents: crews signed on to whaling ships and slavers on a share-of-profits basis.

But do you really think most people would be willing to accept that degree of variability in their incomes?

Seedy probably would right now. 

But could he hack it as a slaver?

[DGuller]

A weird thought I just had- could the minimum wage be tied into corporate profits

Of course the corps would just find ways to cheat

What of course you should understand is that raising the minimum wage accross the board is hardly a solution to anything. It raises the costs of all business creating the products poor people buy (unless they move production out of the country, again hardly a benefit), plus raises the supply of money which again results in price raises.

You're making quite a leap of faith in assuming that inflation would cancel out the benefits of increased minimum wage.  If you think just a little while about this, the absurdity of that conclusion would become pretty obvious.

[Admiral Yi]

You're making quite a leap of faith in assuming that inflation would cancel out the benefits of increased minimum wage.  If you think just a little while about this, the absurdity of that conclusion would become pretty obvious.

He didn't say it would cancel out the benefits.

[DGuller]

You're making quite a leap of faith in assuming that inflation would cancel out the benefits of increased minimum wage.  If you think just a little while about this, the absurdity of that conclusion would become pretty obvious.

He didn't say it would cancel out the benefits.

He said:

What of course you should understand is that raising the minimum wage accross the board is hardly a solution to anything.

If inflation only partially offset the gains in minimum wage, then it wouldn't make sense to claim that it "is hardly a solution to anything".    Then again, has Tamas ever made sense when it came to economics?

[Ideologue]

Nationalize Ide's candy

WHOA.

Private property has to be maintained for some things, commie.

[CountDeMoney]

Profits are not necessarily related to the labor of employees either. 

I suppose what you're proposing is analogous to profit sharing or commission renumeration.  There are historical precedents: crews signed on to whaling ships and slavers on a share-of-profits basis.

But do you really think most people would be willing to accept that degree of variability in their incomes?

Seedy probably would right now. 

But could he hack it as a slaver?

Perhaps marginally better than a "catch-and-release" whaler, but only if it involved asian chicks in intermodal containers.

[Ed Anger]

Nationalize Ide's candy

WHOA.

Private property has to be maintained for some things, commie.

Chocolate and peanut butter belong to the people.

[alfred russel]

If you want to read about an athlete who is truly awesome, check out this story:

https://autos.yahoo.com/blogs/motoramic/alex-zanardi-is-now-an-ironman--proving-legs-will-never-beat-heart-164550278.html;_ylt=AwrBT4bdqjxUaTUAK1tXNyoA;_ylu=X3oDMTEzYjBmNmlpBHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkA1ZJUDIyNl8x?.tsrc=bsnls

Alex Zanardi was a race driver who lost his legs in an accident in 2001. A few days ago I was wondering what happened to him, and then this article comes up. Apparently he has found a way to return to racing, and just finished an ironman in 9 hours 47 minutes. There is footage of him swimming at the link: he is a better swimmer than me and I have legs. 

[CountDeMoney]

he is a better swimmer than me and I have legs. 

You tried, though.

[Josquius]

They're not particularly related to the ability to pay wages and the labour of employees though.

Profits are not necessarily related to the labor of employees either. 

I suppose what you're proposing is analogous to profit sharing or commission renumeration.  There are historical precedents: crews signed on to whaling ships and slavers on a share-of-profits basis.

But do you really think most people would be willing to accept that degree of variability in their incomes?

I'm not imagining absolute variability here but rather broad pay bands for companies with different turn overs.
The idea is to raise the minimum wage for many but still allowing small companies to survive.

The big companies becoming even stronger due to all the good workers wanting to be with them is another problem.