Why a Min Wage Greater than 1 is Bad
Day 555, 16:36
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Published in North Korea 
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by
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by Artaxerxes Pavonis
Lets just go through the scenario:
Congressman Celio Azevedo here has proposed the raise of the min wage from 1 KPW to 2 KPW. Now this may seem good to most people (not so much for this congress) but what comes with the price of a higher Min Wage? Wait..? There is a cost to this? But thats ridiculous, its absurd. Just wait and I'll explain it to you. Most companies like myself employ the new citizens of this fine country at 1 KPW. And as sad as it is to say, that may even be too much. 0 skill workers don't produce 1 KPW of goods in their first few days. But thats the min for the Min Wage. So we deal with it. Now if that were to rise to 2 KPW that we'd be paying 0 skill workers, who would want to lose even more money to train these new citizens? No one. Except of course the State. Because the Congressmen would be panicking everyday from receiving 20 "there are no skill 0 job offers" alerts. So what do they do? They create the jobs themselves. Problem solved? No.
State Companies generally don't make money. Why? Because they have the 0 skill workers at the min Wage of 2 KPW which isn't profitable. But what do they care, they have thousands of KPW they can toss into these State Companies to offset the costs. But... where do all of these thousands of KPW come from? We already don't have a lot as it is. (Other news, admins have perma banned the PTO ORG with the 60k KPW, hopefully, we can get the back soon.) But even with all that cash, it can't pay for everyone all the time. So whats needed? Thats right! Higher Taxes! Hooray!
😕
So in the end, a higher Min Wage just results in the need for higher taxes. and even higher taxes the more the Min Wage goes up. But hey! if you're all for higher taxes, go right ahead. Good luck with that.
~Art
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Comments
There is no place for right wing in eNorth Korea.
This was my proposal before I become elected for help the people in eNorth Korea.
I assumes my idenpendent vision far from this party.
Long life to esocialism.
Your pic of "socialism kills" is unnecessary propaganda which has nothing to with Celio's proposal. Kindly remove [it's derogatory, you eracist!]
As far as min wage is concerned, yes Celio is WRONG in proposing that and you are right. It happened also in ePhilippines where just after elections, min wage climbed to 2 local currency. The result was huge inflation, too huge in fact that people couldn't afford Q3 food with a day's wage (well most people). The economy stagnated.
So my point for congress, don't ever approve such a thing!
BTW, this message does not make me a Capitalist Pig-dog.
Well.
It was only one proposal. Anyone else need to blame the socialism if don´t agree. Artaxerxes Pavonis´s propaganda looks like one Nazism propaganda. Take Care People !
I didn't know the Nazi's used stick figures.
Its always a shame that lefties can't take a joke. The pic is a joke. Look at it and laugh. I will not remove it. **It can't be racist as it doesn't portray any one specific people, nor have I said it does.** As for Celio, I was just using him as an example. I never said anything bad or discriminating against him. Yes, there have been other Min Wage proposals, but his was the most recent.
I recignize a joke; your existance.
lol.
Hey, while I disagree with celio's proposal at least he isn't proposing thinks as a joke like yerm.
Well, I recognize it's a joke, so that means at least one leftist can take a joke. 😛
You say state companies "generally" don't make money, which means that you believe some state companies can make money. Furthermore, your entire theory rests on the assumption that state companies only have 0 skill workers. Perhaps you need some more detail.
I don't like where the sickle is going