The Free Market and "Entry Level" Jobs

[KRCummings]

Silly goose. Any good conservative will tell you that time started on January 20, 2009. Anything that happened before that is not relevant.

Yeah well I don't. The average inflation rate has been over 3% since early 20th century. Just a fact of life. It was nearing 30% at one time.

 

[RobDownSouth]

Oh no I Know it's been inflating...it's that "minimal inflation" bit...I find it funny b/c you say it as if it's needed or a good thing.

You still never answered as to why you think soldiers active/retired shouldn't get paid.....

Actually, almost everyone agrees that a target inflation rate of 2 to 3% is optimal. Any less and you have economic stagnation (or possibly deflation when less than zero). Any more than 3% heats up the economy too much.

 

[KRCummings]

Actually, almost everyone agrees that a target inflation rate of 2 to 3% is optimal. Any less and you have economic stagnation (or possibly deflation when less than zero). Any more than 3% heats up the economy too much.

Pretty much. Just like we need unemployment. 3 or 4% is optimal.

 

[RobDownSouth]

Pretty much. Just like we need unemployment. 3 or 4% is optimal.

Exactly. I was going to educate BotanyBitch on the theory of downward wage rigidity but then I recalled his struggle with words over 2 syllables.

 

[KRCummings]

Exactly. I was going to educate BotanyBitch on the theory of downward wage rigidity but then I recalled his struggle with words over 2 syllables.

He's smarter than he pretends to be most times. I think the ganja fucks with his thinking now and then.

 

[Mike_Yates]

Herbet Spencer And Social Theory helps explain the huge gap between the rich and the poor.

I strongly suggest you read this book.

http://compare.ebay.com/like/350602279072?ltyp=AllFixedPriceItemTypes&var=sbar

 

[RobDownSouth]

He's smarter than he pretends to be most times. I think the ganja fucks with his thinking now and then.

He's smarter than most of his RWCJ brethren, but that's truly damning someone with faint praise.

 

[KRCummings]

He's smarter than most of his RWCJ brethren, but that's truly damning someone with faint praise.

I don't see him as RWCJ but I see how he comes off that way.

 

[unregistered]

 

[BotanyBoy]

You still never answered as to why you think soldiers active/retired shouldn't get paid.....

Actually, almost everyone agrees that a target inflation rate of 2 to 3% is optimal. Any less and you have economic stagnation (or possibly deflation when less than zero). Any more than 3% heats up the economy too much.

Oh I know...but it's not necessarily needed or intrinsically a good thing depending on which part of the park you are looking at it from.

I was going to educate

http://31.media.tumblr.com/bff09a2b8d28a637fe182748f557a319/tumblr_mk171u5SdL1rj01abo1_500.gif

He's smarter than he pretends to be most times. I think the ganja fucks with his thinking now and then.

I do post high as balls sometimes.....most times...
http://ts3.mm.bing.net/th?id=H.5053335032693638&pid=15.1

 

[unregistered]

 

[BotanyBoy]

Just hang in there doing your own thing.

That's all I can do...
http://www.post-gazette.com/images4/20060806Wgp_teethjewels_450.jpg


And....worrying is not something I do over lit, much less what RDS thinks of me.

I got all the shit he wants, haterz gonna hate....

 

[unregistered]

 

[Liar]

Supply and demand should ideally set wages just as it sets the price for goods and services.

The probem is, if the manufacturing and delivery costs, plus a reasonable overhead, for a product is higher than the price set by supply and demand, the supplier merely concludes there's no market for it, and stops making the product. Best case scenario, the company makes something else instead. Worst case scenario, the company perishes. But corporations are not people (shut up, Mitt), so that's regrettable but acceptable.

When the "product" is entry level labor, and the "manufacturing and delivery" costs (Staying alive, possibly keeping spouse and spawn alive, staying healthy, staying useful, and getting to work - all of that costs money.) exceeds what a full time job pays, the worker is facing the same scenario. Best case, they find a better paying job. Worst case, they do not.

But since people are people, perishing is not really an option. Which is why there's welfare. Because we have as a society decided that letting people starve is kind of wrong.

So, for stuff to work, entry level wages must be so high that they...

a) Cover the cost of being work-ready. Which is higher than the cost of living, by the way. You might need to invest in a haircut and a tie, for starters. Daycare for the crotch fruit. A car or bus fares. And so on...
b) Provide a distiguishable improvment in life quality from being on welfare.

It's looks like whether (b) is happening anymore, is being questioned.

 

[Ramone45]

The free market would be great if not for political corruption. The free market is supposed to give consumers better products and competitive prices. Political corruption has killed small business with deregulation.

I agree

 

[BotanyBoy]

b) Provide a distiguishable improvment in life quality from being on welfare.

It's looks like whether (b) is happening anymore, is being questioned.

Artificially inflating the workers value is welfare, it's just welfare the gov forces the company to pay it's lowbies up front....that in the end the consumer and the lowbies pay. Back to square one folks!!

 

[SgtSpiderMan]

What does that have to do with it? They still start at what's considered entry level. Almost everyone does. How much they make doesn't have anything to do with it.

I think you were confused over how the OP used entry level.

I stated there are professions out there that don't require you have an "entry level" job like working fast food or retail first.

 

[Liar]

Artificially inflating the workers value is welfare, it's just welfare the gov forces the company to pay it's lowbies up front....that in the end the consumer and the lowbies pay. Back to square one folks!!

Did I say anything about artificially inflating the worker's value?

I just pointed out what the miminun wage, however it's arrived at, by political decree or organically, needs to be for the system to work: substantially more than being on the dole.

Is it because the dole is too cushy? Or because entry level living is too shitty (not to mention too hard to upgrade from for many workers)? It's either or.

If there was no dole, the supply-and-demand minimum wage would be a bucket of potato peels. Because it's substntially better than death.

 

[BoyNextDoor]

I don't think Botany is RWCJ

Alos, got to disagree with "there aren't enough better paying jobs". At least in my experience I can tell you it is harder to find skilled people than not-skilled.

If I post what is basically a retail job for a new account ($9-12/hr guaranteed 35 hrs) we'll get 40-80 resumes per posting pretty quickly.

If I post for L2 Tech support, systems engineer, or implementation engineer I can't find them. Spread is $40K, $80K, $50K /yr, respectively, across those jobs.

 

[KRCummings]

I think you were confused over how the OP used entry level.

I stated there are professions out there that don't require you have an "entry level" job like working fast food or retail first.

Yes but the OP is an idiot. Entry level and its corresponding salary is varied. Anything from 2 bucks an hour for a first time waitress to 60K for an IT guy with a degree that still has wet ink.

 

[richard_daily]

The free market would be great if not for political corruption. The free market is supposed to give consumers better products and competitive prices. Political corruption has killed small business with deregulation.

In a truly "free market", the rich have everything they want, and the poor do without... Even more so than now.

The turn-of-the century robber barons are a good example of what the free market gets you... un-regulated dangerous working conditions, low wages, and no job security.

That's an era that many are looking to usher in once again.

 

[Joeybagadonuts]

In a truly "free market", the rich have everything they want, and the poor do without... Even more so than now.

The turn-of-the century robber barons are a good example of what the free market gets you... un-regulated dangerous working conditions, low wages, and no job security.

That's an era that many are looking to usher in once again.

agreed

 

[RobDownSouth]

Yes but the OP is an idiot. Entry level and its corresponding salary is varied. Anything from 2 bucks an hour for a first time waitress to 60K for an IT guy with a degree that still has wet ink.

I was of the impression that "entry level job" for the purposes of discussion presumed a minimum wage pay scale.

 

[Worm]

I don't believe a job that your average 15 year old kid can get hired for with no work experience should be forced to pay a living wage.

 

[RobDownSouth]

I don't believe a job that your average 15 year old kid can get hired for with no work experience should be forced to pay a living wage.

Fair enough.

Let's advance the calendar 3 years into the future.

Eighteen year old graduates high school, doesn't want to go to college, wants to work but has no experience.

Seems to me that, outside of the military, the only option available to him/her would be a minimum wage job. And if that's not a "livable" wage, what should he/she do?

To make things interesting, let's assume he/she had AJ's parents, who kick him/her to the curb at age 18 and will provide no support.