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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (168701)	6/1/2014 2:58:34 PM
From: i-node	1 Recommendation Recommended By locogringo Respond to of 224755

>> The employers will not take away the 401-K from minimum wage workers because they would have to remove it from all employees. That is an arbitrary criticism that, not only lacks any basis in fact, but makes no sense at all. Walmart's 401(k) has 1.18 million participants. They have 1.4 million American employees at any point in time. So the participation is substantial. I know a number of people who started out as minimum wage employees at Walmart and, through their own initiative and hard work have moved into management and frankly, who have become reasonably wealthy. One of the biggest dumbasses I ever knew went from flipping burgers in one of my fast food joints to owning a dozen Burger Kings. And managed to stay drunk most of the time in the process. >> Many minimum wage workers cannot afford to participate. They want a living wage more than than retirement savings. Well, we ALL want more money, I suppose. But what matters is their skill level. If they have something more to offer than the next guy they can get more money. The "living wage" argument is idiocy. Few people working minimum wage expect to live on it -- they may be a teen or young adult, married trying to produce some extra income, or working a second job which never killed anyone. This is what people have done for decades to achieve what they want. It is about work ethic and initiative. You don't lie down in the street and throw a temper tantrum to get what you want. You work for it and develop skills so that your work is worth more than your pay. The labor of some people is not worth minimum wage. Those people will, in every case, end up unable to find work at a given minimum wage. And that's why there should be no minimum wage at all.