These are not moral advantages and disadvantages, they are economic effects, some are positive and some are negative
Then I would suggest that the “moral” thing to do is support the ones with the most favorable economic effects for those in need. If they aren’t in need, then I agree there is no moral issue involved.
That isn’t what I meant. The question is whether the benefits of such an action outweigh the harm it inevitably brings with it.
I don’t believe that raising the MW brings “inevitable” harm. I do agree that the actions of some businesses to any increase in the MW is harmful.
I don’t think you see any down side to raising the minimum wage, but in fact all economists recognize that they exist. The most significant is that it destroys some number of jobs, and while there is great disagreement over how many jobs are lost there is no disagreement that it happens.
It happens, but it is within the power of employers to take different actions, such as, raising consumer prices, accepting lower profits, or trimming costs elsewhere, such as in waste reduction, cracking down on pilfering, or salary or perk reductions for upper levels of management.
Yes you do, but that seems to be based on your understanding of the impact of such an action and your refusal to consider the very different basis for the opposition in others. For you it appears to be a simple choice between helping the poor or not helping them, but that is assuredly not the way others (myself included) see the issue
I don’t actually see it so simplistically as you suggest, but when all is said and done, I’d rather err in doing the good that I can see [increased wages] than hoping for the good that comes from not doing it [avoiding possible negative consequences]. I can support the MW and still do all the other things that people propose. The difference is that raising the MW does an instant good, whereas other measures take precious time. Better to apply a band-aid now IMO, while we’re waiting for other actions we may take to take effect
I would like to help the poor as much as you, but I am unconvinced that raising the minimum wage is a good strategy. It makes the cost of entry level jobs higher and therefore keeps some number of people out of the job market. It eliminates some number of jobs since the value of the work is now less than the cost of having it done or some marginal businesses simply can’t afford the additional cost. Is my analysis right? Perhaps not, but there is no moral calculation involved. Having made the decision to help the poor we are in the position of the doctor trying to cure a patient and having to choose between two mutually exclusive treatments.
Ender
It’s only one strategy among many. We are not talking about prohibitive amounts, only a modest increase in the current MW. It really does not raise the cost of entry that much. If a business is so marginal that it depends on paying substandard (which I know is a subjective judgment, but a judgment nevertheless, that should be made one way or the other) wages, they are not viable businesses and only tend to perpetuate the institutionalization of substandard wages. .
Suppose I believe that raising the minimum wage will hurt the poor more than it helps them. In that case it becomes immoral of me not to oppose raising it. There are no moral reasons for advocating it, only economic ones. What do you think is the moral choice before us?
I believe you would have a difficult time demonstrating that the modest increases proposed will hurt the poor more than help them, but you are free to try.
I think the moral choice before us is helping those whose families live in poverty (both in terms of money and in the time parents can spend with their families) I see many longer-term measures we can take, and should, but few short-term ones. A small raise in the minimum wage is one of the short-term measures; perceived long-term disadvantages of this can be addressed in the longer term measures .Also, some of the downside is due to companies making economic choices over moral ones. Only God can address that, but we should not act in ways to play up to this weakness in running our businesses. Few large companies would be mortally wounded by upper management taking less in salaries and perks for example.
I no respect for a company that in which upper management boasts high salaries and benefits, while its workers cannot subsist on the wages it pays.
I know this is anecdotal, but I have a friend who has three jobs since his wife became ill in order to make ends meet, and all of them are above the MW. Thank God he is not one of the millions working at MW.
Since there is no moral choice involved in selecting what actions are helpful and which are harmful it was inappropriate of the bishop to suggest otherwise.
I believe there is a moral choice involved. It may not be a slam dunk, but I approve of the position he took.
I know you can’t hear my tone of voice, so rather than leave it to your imagination, I am only giving what I think is best and wholly respect your opinions and your right to disagree with mine. I was against the minimum wage for many years, but reflecting on it over the years, I have changed my mind. I still think the best things to do are to stimulate the economy so that there is as near full employment as we can get by removing unnecessary regulations on businesses and reducing taxes, among others things.
Respectfully, JamesCaruso