XPost: fl.politics, houston.politics, az.politics   
   XPost: alt.abortion, talk.abortion   
   From: Intelligent@savetheworldmsn.com   
      
   The Minimum wage should be $22.50 on average, based on $75,000, but it should   
   be   
   based on the County's per capita GDP.   
      
      
   Economic science does not say "no minimum wage."  For one thing, the marginal   
   utility of each dollar spent is much higher at the bottom, than at the top.   
      
   Yet libertarian economics is pseudoscience.  Thinking libertarian economics   
   *is*   
   free market capitalism, is indicative of someone who never took an Economics   
   class.  A high net loss in the macro would ensue under such a quackery.    
   Socialism   
   has much intelligence backing it, for reasons more than simply that in its   
   absence, and the absence of free education; nepotism - favoritism to one's   
   relatives, is all there is, is unfair, and is an establishment of injustice.   
      
      
   While a very very few, dropped out of 8th grade, and became billionaires   
   without   
   education, generally speaking, if you want to work for someone else, if you   
   don't   
   have your own angle or connection, education will beget the following salaries,   
   based on per capita gdp of $75,000:   
      
   High School Diploma:  $40,000 - $75,000   
   College Degree:       $75,000 - $150,000   
   Graduate Degree:     $150,000 - $300,000   
      
   Assets beget return on assets.  We're all equal in cost and spirit.  We have   
   differing assets temporarily, until everyone has everything.  Because someone   
   is   
   taller than you, and can beat you at basketball they get more money.  They   
   have an   
   asset you don't.  Today's children aren't even guaranteed 40 acres and a mule,   
   like emancipated slaves.  If your relatives don't pay for your college   
   education   
   and graduate school, how is life fair?  If life isn't fair, how is life just?    
   If   
   life isn't just, how are acts of injustice criticized?  Nevertheless, the net   
   cost   
   ends up being more, than if we'd just paid in the first place, instead of   
   purchasing a criminal justice system.  And equal opportunity is dependent upon   
   equal assets such as education.  If everyone had an education, much fewer   
   people   
   would be being paid the minimum wage.  It still wouldn't be right to be paying   
   that little to anyone, and perpetrating its a job, and not work for free or an   
   internship, or like indentured servitude, just working to get the experience.   
   Underemployed, is what even those with no education, making less than $22.50 an   
   hour are.  Their time to them personally, is worth as much as yours is to you.   
   They should be counted among the unemployed and be able to find a better   
   salary as   
   well as go to school for free.   
      
      
   All that said, some do succeed with their own angle or connections, business   
   ideas, inherited relative's capital, or otherwise.  Thus the upside potential   
   to   
   innovate and pursue novel enriching industry remains.  Yet if you're going to   
   work   
   for a stranger and shop the supermarket like everyone else, the consumer   
   product   
   available, which is what the job is, is only going to differ in its pay by so   
   much.   
      
   Consider that *per worker* GDP is about 2.5x per capita GDP, or $187,500.  So   
   someone's consuming all that income.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)