diophantus
45p11 comments posted · 1 followers · following 0
16 years ago @ KY3 - Missouri may lower the... · 0 replies · +1 points
1) I keep referring to the age discrimination law because the arguments made by others seem to oscillate between (and I am paraphrasing) "I don't think age should matter" and "looking at age in any form is illegal." These are two different statements. What we think should be fair is debatable and subjective, but what is legal is far less so. Legally, age discrimination has been defined by the ADEA since 1967. Whether we think it is fair or not, it protects older people from discrimination--not younger. As to your question of who can enforce it, the EEOC can and will.
2) You bring up another point that Missouri is an "at-will" state. While this is correct, this does not mean that, "employers can terminate employment without any given reason." It DOES mean that you don't necessarily have to work through a disciplinary process to terminate an employee. It DOES NOT give you license to violate federal law including ADEA or FLSA standards nor does it shield you from fiscal responsibility involving any lawsuits brought against you by terminated employees who can show that you violated federal law in their termination.
3) The whole purpose of an economy whether it be marxist, capitalist, etc. is to allocate scarce resources that have alternate uses (to borrow from economist Lionel Robbins). Regarding "my" second theory with which you disagree, it is not "my" theory. Artificial minimums interfere with the allocation of scarce resources that have alternative uses and ultimately CANNOT change that underlying reality. The damaging results of these systems (in this case, the contraction of available jobs in the pool when minimum wage increases) are again not just "my" theory. They are very well documented in the field of economics.
khorr,
Your answers appear thoughtful. If you are interested in economics, I would encourage you to check out Mr. Sowell's "Basic Economics." It is a college textbook, but I recommend it because it is so readable to those of us in the general public. I don't believe you would regret reading it.
Cheers!
16 years ago @ KY3 - Missouri may lower the... · 0 replies · -1 points
There are some other laws that will come into effect if you receive federal financial assistance, etc, but this is the one to which I assume you are referring.
16 years ago @ KY3 - Missouri may lower the... · 3 replies · 0 points
1) Suppose there are 10,000 people employed in MO under the age of 20 making an average of $10 per hour. Now suppose minimum wage is dropped and subsequently the average pay drops from $10/hour to $7/hour, but the number of EMPLOYED under the age of 20 raises to 14,286. (For the sake of this example, both cases are roughly $100,000) It is easy to say that the average pay dropped 30%, but this doesn't factor in the 4,286 ADDITIONAL people who were making $0.00 per hour that now have a job.
2) Moreover, being unemployed, especially when you're young, is a punishment that keeps on giving the rest of your life -- not just the short time you are unemployed. If you want a "real" job, you simply MUST have experience before you will be considered for hiring. When you can't get that requisite experience because a company can't afford to hire any more beginners at an artificial "minimum wage," then you lose immediately and throughout your career.
16 years ago @ KY3 - Missouri may lower the... · 1 reply · 0 points
There are some other laws that will come into effect if you receive federal financial assistance, etc, but this is the one to which I assume you are referring.
16 years ago @ KY3 - Branson police arrest ... · 4 replies · +3 points
16 years ago @ KY3 - Springfield (MO) busin... · 2 replies · +1 points
Some businesses succeed and some fail. The consequences are real and tragic for those who work for these companies when they don't succeed and yet these failures are very necessary to the free market which strives to allocate scarce natural resources that have alternative uses (to borrow from economist Lionel Robbins) to where they are most needed. Many people lost their jobs when the horse-and-buggy market fell out, but the economy as a whole had to adapt to the automobile and was better able to use those employees elsewhere. Simply stated, the gains and losses are the nature of the beast and cannot be changed. Looking at this from the other side, given that it cannot be changed, would you rather have closed-book management where the bosses come in one day and announce that the business is closing (surprise!) or would you rather have open book management where you can actually see the financial state of the company for which you work and make intelligent, informed decisions on your own as to the status of the company? I would rather have the latter.
16 years ago @ KY3 - 15-year-old murder sus... · 0 replies · +11 points
16 years ago @ KY3 - Missouri ... · 0 replies · +2 points
16 years ago @ KY3 - http://www.ky3.com/new... · 0 replies · +1 points
My condolences to the families of these soldiers. I hope that screening procedures are improved and not subjugated to political correctness so that this type of personality is not allowed to get this far where this much damage can be inflicted.
16 years ago @ KY3 - Bizarre twist to missi... · 0 replies · +1 points