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Bill: Minimum Wage Reform of 2240

Details

Submitted by[?]: Lyika ati Isọdọtun

Status[?]: defeated

Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: September 2243

Description[?]:

"Living wage" policies drive rapid inflation of consumer goods prices, which is a disservice to all Ikradonians in that it weakens our economy and our currency and devalues the very incomes that minimum wage policies seek to protect. We encourage this reform for the sake of economic stability in the future, recognizing that "living wage" programs are ultimately untenable.

Proposals

Debate

These messages have been posted to debate on this bill:

Date00:53:22, June 10, 2006 CET
FromDemocratic Socialist Party
ToDebating the Minimum Wage Reform of 2240
MessageI might be mistaking, but aren't you actually raising the minimum wage further by the proposal? If I understand correctly, the current one gives one worker enough money to support him/herself without falling under the poverty line, while the change you propose gives him/her enough money to support himself and three other people.

Of course we'll support a raise in the minimum wage, but find the contradiction between the bill description and article 1 confusing.

Date02:10:50, June 10, 2006 CET
FromLyika ati Isọdọtun
ToDebating the Minimum Wage Reform of 2240
MessageWe may have misinterpreted that option. A "living wage" is, as the description reads, "well above the poverty line." While we certainly wish to see poverty ended, "living wage" policies only serve to devalue salaries and inflate consumer prices, erasing any benefit minimum wage policies might provide.

Date02:19:32, June 10, 2006 CET
FromNew Democratic Party
ToDebating the Minimum Wage Reform of 2240
MessageHowever, if the minimum wage rises to account for inflation that won't be the case. Proper economic management (monetary/fiscal policy) can also cancel out an inflationary effect. Price controls are another option.

Date02:38:59, June 10, 2006 CET
FromLyika ati Isọdọtun
ToDebating the Minimum Wage Reform of 2240
MessageAnd thus we create a fiscal inflationary monster that spirals out of control? The artificially high standards of living wage policies, though unquestionably noble in aim, are simply untenable in an economy that values any sort of economic personal freedom. As the NDP points out, we would have to resort to sweeping price controls in order to control the inflationary effects released by the living wage policies' interference with the free market. These price controls would have to be pervasive, covering every aspect of our economy. And with price control out of the hands of those with stakes in the market, there is no free market whatsoever.

The impact of traditional minimum wage policies is less disasterous than that of the living wage. This is why we support a reform of our current minimum wage policy. We cannot abide the idea of stripping Ikradon entirely of its free market system, and we do not wish to see our economy spin out of control as minimum wages rise to account for rapid inflation, causing more inflation, which necessitates another rise of the minimum wage, and so on. Living wage is a good notion, but it is disasterous economic policy.

Date04:07:19, June 10, 2006 CET
FromIqembu Sokusebenzisana Yeningi
ToDebating the Minimum Wage Reform of 2240
MessageThe IPC voted overwhelmingly in Congress to support this measure. A spokesman said, "Excessive minimum wage laws cause unemployment. Those minimum wage workers who support families already have their wages supplemented by Ikradon's social safety net. On the other hand, some individual workers might not be able to get jobs under a living wage structure. Therefore, in the name of human decency, we support this Act."

Date11:58:29, June 14, 2006 CET
FromIkradonian Faith Party
ToDebating the Minimum Wage Reform of 2240
MessageWe oppose. Everyone deserves a good salary for their work.

Date14:59:22, June 15, 2006 CET
FromLyika ati Isọdọtun
ToDebating the Minimum Wage Reform of 2240
MessageThe IFP oversimplifies the matter. No one has argued that people do not deserve a "good salary for their work." What is at issue is the definition of "good" in that context. The definition espoused by proponents of "living wage" policies puts the economy in danger and risks hurting those that minimum wage policies are meant to protect.

Salaries do not exist in a vacuum, and we must take into consideration the larger ramifications that artificially inflated salaries have on our economy as a whole. We make this argument not because we believe that minimum wage policies hurt profits, but because, in the long run, living wage policies devalue all salaries and ultimately leave minimum wage workers in worse shape than they would have been otherwise.

Date02:31:13, June 19, 2006 CET
FromNew Democratic Party
ToDebating the Minimum Wage Reform of 2240
MessageI pointed out that as a possibility. Economic management is the most effective tool here and remember we've had this policy for a very long time, and haven't been suffering from out-of-control inflation.

Date20:26:15, June 19, 2006 CET
FromLyika ati Isọdọtun
ToDebating the Minimum Wage Reform of 2240
MessageOOC: Yes, that aspect of Particracy does rather take the wind out of the sails of any apocalyptic argument, doesn't it? It doesn't much matter what we do; the country is immune to economic failure and civic unrest! Woohoo!

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Voting

Vote Seats
yes
  

Total Seats: 197

no
    

Total Seats: 402

abstain
  

Total Seats: 0


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