Korean Job Discussion Forums

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

Here are some quotes from days and issues gone by. They sound remarkably current, don't they?

http://www.tnr.com/article/womens-suffrage-and-other-visions-right-wing-apocalypse?page=0,0

�[The Act represents] a step in the direction of Communism, bolshevism, fascism, and Nazism.� �The National Association of Manufacturers, in 1938, condemning a national minimum wage and guaranteed overtime pay

�I fear it may end the progress of a great country and bring its people to the level of the average European. It will furnish delicious food and add great strength to the political demagogue. It will assist in driving worthy and courageous men from public life. It will discourage and defeat the American trait of thrift. It will go a long way toward destroying American initiative and courage.� �Senator Daniel O. Hastings (R-DE), in 1935, listing the evils of Social Security

My personal favorite: �[T]he child will become a very dominant factor in the household and might refuse perhaps to do chores before six a.m. or after seven p.m. or to perform any labor.� �Senator Weldon Heyburn (R-ID), in 1908, on why child labor should remain unregulated

Rusty Shackleford · Joined: 08 May 2008

Sergio Stefanuto · Joined: 14 May 2009 Location: UK

bucheon bum · Joined: 16 Jan 2003

In regards to a minimum wage, I don't think there are many "exploited" German workers even though there is no minumum wage there. The country seems to have developed quite fine w/out one.

On the other hand · Joined: 19 Apr 2003 Location: I walk along the avenue

thecount · Joined: 10 Nov 2009

When I was younger, I worked for as a YMCA as a counselor at a sleep-away camp (I think they call 'em "resident counselors" now).

The salary came to about $1 an hour for around +120 hours / week.

I believe that these camps may still be exempt from the minimum wage increase, I certainly hope so. It is difficult to be profitable. The increase may likely shut down camps, as they need a minimum number of counselors per campers and they would certainly not be taking *IN* any more money.

In common parlance, capital is like water, which is why we have all these phrases like "liquid assets" "cash flow," "frozen assets," etc.

But it is also like water in more than idiom:
One cannot see and increase in the water level or tide without seeing a reduction at some other shore. The fact that one cannot see or conceive of the other sure does not mean it is not happening. Similarly, it is impossible to raise the water level everywhere at once through a mere law stating the level must rise, which is, in essence what the minimum wage is. That which can be forced to rise to comply with the law will. The extra water required for this will be drained from other areas, which will disappear.

The only way to increase wealth for everyone is through innovation and private business. These are the elements that create the water. Everything else is just moving it.