Minimum Wage Increase Blocked
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by NeilP99
Sadly my fellow eAmericans it has happened again. Yet another attempt to increase the minimum wage has failed. I for one think that it is foolish of our nation and our government to leave the minimum wage as low as it is. At the moment the minimum wage in eAmerica is 1 USD per day. This is an outrage and is costing our nation dearly. Someone earning that little can barely afford to buy food, let alone save the money needed for things like houses, weapons, and gold needed to start their own company. With beginning players growing so slowly many are bound to quit. The slow progress that they will face will cause them to lose interest in the game and leave. This leaves eAmerica weaker as our population doesn't grow as fast as other eNations. I would like to call on all members of congress to pass an increase in the minimum wage to keep eAmerica competitive. I hope that this article will increase awareness of this issue and I would encourage members of congress to leave comments telling why they are voting for or against this measure so that the people can know just where they stand. If you think this is an important issue facing eAmerica then please vote for this article so that it is brought to the attention of those running our nation.
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If you don't like working for $1 get a different job, there are hundreds of jobs out there unfilled.
My job pays me more than the minimum wage, I just think that it's crazy that any job should be able to pay that little. And if most jobs are already paying more then why don't we just officially increase the minimum wage so that people are assured a job that pays more.
I just introduced a proposal to increase it to 2 USD
no one is even payin min anyway, they get 5 dollars just for joining which is more than enough and by the time they level up they can afford all they need
"If you don't like working for $1 get a different job"
"no one is even payin min anyway"
I fear that after the novelty of Raw Materials wears off and supply starts meeting demand, we will see this atypical trend of getting 10 USD for 0 skill slowly disappear. When the market becomes over saturated with raw mats, companies will have no choice but to lower their prices trying to undercut the competition. Lower prices will mean lower profits, which will in turn translate to lower wages for employees.
You are not seeing this effect yet because with high demand and low supply for RMs, constructions/food/manufacturing companies (after blowing through the admin gifts) are willing to pay more for raw mats than they usually would. Give it another few months.
The new HR layout makes it easy to find the highest paying job and nobody is forcing them to accept $1/day. Do you think it'd be better for our growth if we set the minimum to $122/day so people could buy a house after their first day of work? A new citizen simply isn't that valuable (productivity wise) and they level up quickly. Let the market decide their wages.
Bleh. If having a low minimum Salary really becomes a problem, you can change it then. Until then you're just wasting your proposals, in my opinion.
@Publius: I'm not suggesting a huge increase to some rediculus amount like that. I'm well aware that the productivity of a new citizen wouldn't make such high pay practical. I'm just saying that if we increased the minimum wage to 2 or 3 dollars then people would be able to make a reasonable wage. My whole point in this article is that if people are already making 5 times more then the minimum wage to start with then why are members of congress voting against a modest increase that would assure the system isn't abused?
A minimum wage restricts the right of the unemployed to bargain with who could have been their future employer.
For a greater analysis of the minimum wage, read my 3 latest articles, all focused on the minimum wage proposals.
@Coblin: What kind of employer is really going to be bargaining about a 1, 2, or even 3 dollar wage? If you're having to argue about pay at that low of a salary then you probably shouldn't be owning a company in the first place.
corbin thinks that minimum wage somehow prevents employees from getting jobs. I bet he'd rather set it at 0 USD. That way new citizens would really be getting a bargain.
His "greater analysis" consists of a misguided notion that unemployed are somehow "competing" with the employed. He completely disregards the fact that the current market status is a temporary anomaly that will be phased out when the market stabilizes, and the effects of raw materials and admins' gifts are behind us.
When the cost of basic products necessary to build up wellness rise and wages fall, the only bargaining the new citizens will do is for a moving ticket to a country that doesn't allow unscrupulous companies to screw over low-skilled workers for short-term profits.
no-one is paying minimum wage. the lowest I can offer to attract people to my housing company is $5, and in the raw materials sector around about $8.
Q1 Food was selling for as low as $0.01. The claim of being unable to eat is ridiculous.
However, I do feel that $1 is very low and voted for the change.
Most people who have never owned a company don't realize this but when you hire new people their productivity does not start to equal a 1$ salary until they are about 1.6 skill meaning that most Q1 companies have to take a loss at first in hopes of their new employes staying with the company after they reach that mark long enough to pay off their debts.
Right now its hard to predict which way the economy will go so it would be foolish to make any changes at the moment. We need to wait for the economy to (hopefully) get settled down and adjusted to V1 before we make any changes that could end up causing hyper inflation once the global crisis is solved.
As of right now people have enough money to buy food for 50 days so there is no urgent reason to raise the minimum wage and risk causing inflation and hindering the development of the economy.
everyone that is pushing for the raises in minimum wage needs to just look around and calm down...
first off it is minimum wage... and an employee will make that for about 4-10 days... wow omg 4 that is such a long time... i cant image that...
plus no one is getting payed that low. I know you are going to say well in a month from now they might and the economy will force them to quit lol...
***it takes one day to pass a bill*** so if a problem actually accrues when people start out with a 1 dollar wage and cant pay for things change it then. i am sure you can find better things to do than try and pass a useless bill at this point in time.
so just calm down relax and find something better to do than try and raise the wage for NO REASON!!!
@NeilP99: At the moment, no one has to be paid near the minimum wage, and that is great. It shows that such 'safeguards' are not needed, because the market serves the will of the people better than government coercion can.
However, if the economy did change to pressure wages downwards, then the minimum wage would do nothing but harm. Instead of promoting equity, such a law creates a divide between the employed and the unemployed, as employers will be forced to sack some workers because they cannot afford to pay at the minimum wage. Without a minimum wage, such a disparity could be avoided by simply having more workers at lower wages. However, I'm not saying one is better than another. All I believe is that it is wrong for government to say: "no you cannot hire a worker for less than x USD," because it impinges on a mutual voluntary transaction. Both parties would benefit, but now the transaction is ruled out.
Microeconomics 101: binding price caps or floors, will hurt the overall well-being of society.