Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Nadine Carroll who wrote (91808)	8/24/2001 12:22:33 AM
From: Don Lloyd	Read Replies (3) of 132070

Nadine - When I consider that 30% of the workforce is paid less than $7 an hour, I wonder how parents are supposed to inculcate their values in their children when they are working all hours to keep a roof over their heads. Are "family values" compatible with very low wages? If you have an opinion on the $7 per hour wage rate, you must also have an opinion on how much these workers are worth to their employer. Do you think their employer would allow you to hire them away for $100 an hour? $1000 an hour? Even if they could not be replaced? What would these workers be paid if their employer were to shut down? If the workers continue to work for $7 an hour, is this because they don't realize that other employers exist? Or are you saying that all of the millions of employers are involved in a tremendous conspiracy to only pay $7 an hour to workers who must be worth at least $10 or $15 an hour? Regards, Don PS - Economics is not only the primary organizing principle of society, necessary for any group larger than a tribe, and more fundamental than government, but it is also a social science.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next