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Agree 100% with both points. Some people who have never run a business seem to think production and overhead are not major factors in determining wages... when they are everything. And then there's technology that is slowly but surely replacing humans who's skill levels rival those of monkeys.jf1acai wrote:
A big part of the problem is that we have increasingly low skilled population that doesn't merit higher pay.
IMO, the discussion is not about EARNING higher pay, it is about being ENTITLED to higher pay. If the employer does not get at least as much return for having the employee on the payroll as the employee costs the employer, the employee is overpaid, whatever the employee is being paid.
Also, IMO, a large part of the problem is forcing employers to spend $$ to comply with BS regulations that do nothing useful, but make some people feel good. The $$ wasted in this manner reduce the $$ the employer has available to pay to employees.
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That's actually an excellent idea.. it gives the worker a greater sense of value (imo) when he/she can contribute something instead of just getting a monthly disability check and the tax revenue can be used for other purposes. These people are probably also better employees because they are more likely to want to prove their worth. Tell me I can't do something and I will try even harder to prove you wrong.jf1acai wrote: Some employees, due to mental, physical, or some other valid reason are not able to provide a return to their employer equal to or greater than their cost. Perhaps we should consider giving their employer a 'charitable' deduction for employing these individuals, and thus ensuring their continued employment and recognizing the value and contribution to society by these individuals?
I'm not sure how to work out the details, but maybe something worth considering.
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FredHayek wrote: I work for a manufacturer. And the South has been luring manufacturing from Europe and Japan partly due to lower taxes less regulation and lower wages. VL is once again wrong.
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