here is an interesting question
why is there a minimum wage but no maximum wage?

because otherwise people like bill gates would be very angry and put pressure on people like g.w.bush and people like bill gates are not people you want as enemies

here is an interesting question
why is there a minimum wage but no maximum wage?

and whats the purpose of controlled maximum wage be?

and whats the purpose of controlled maximum wage be?

In sports theres salary caps, why?

In sports theres salary caps, why?
I'm wondering, which sports have salary caps?

"Why minimum yet no maximum wage"

Maybe because a government would then have a maxium they can squeeze out of people in a 90% tax bracket.

I'm wondering, which sports have salary caps?

American football.
The reason why is so that teams can't have an unfair advantage if they have more funding. Like signing all the best players by overpaying them so that other teams can't compete, something like monopoly laws for a good analogy.

American football.
The reason why is so that teams can't have an unfair advantage if they have more funding. Like signing all the best players by overpaying them so that other teams can't compete, something like monopoly laws for a good analogy.

How are salary caps fair?

I mean sure if theres a minimum wage, a maximum wage can make sense, but if theres a minimum wage, and no maximum wage for anything BUT football, how does that make sense?

Max wages for sports are governed by the sporting body, not the government. Aren't they? To make the sport fair. Imagine you had £20 to build a go-kart and your arch nemesis had £4.8mil, a team of physicists and a wind tunnel for testing. It wouldn't be too fair, would it?

It's not as if you need much more than a few million a week in wages anyway =/

Who is the government to say nobodies work is worth more than a certain amount. They can say there's a minimum, because people need to be able to afford to live, but how could they justify a maximum?

A minimum wage is desirable to minimise exploitation by employers, that it is ever enough to live on is a blatant lie. At best, the minimum wage may cover your food, travelling expenses and part of your rent and outgoings.

A maximum wage would serve no useful purpose and would stifle competition and incentive.

Afford to live? Just how can anyone live on minimum wage? LOL

I'd rather die a slow death then live on minimum wage with no way out of it, I could work 100 years at a job and still never get paid enough to seek an education that way.

Die Scum USA!

There aren't enough people complaining about their wages being too high to form a powerful enough constituency to influence our politicians.

psik

Duh. Those that control the game set up the rules for their benefit. All answers to any questions regarding the rules of our crappy economic system have on answer. Because it is profitable to those who control it.

Max wages for sports are governed by the sporting body, not the government. Aren't they? To make the sport fair. Imagine you had £20 to build a go-kart and your arch nemesis had £4.8mil, a team of physicists and a wind tunnel for testing. It wouldn't be too fair, would it?

It's not as if you need much more than a few million a week in wages anyway =/

Who is the government to say nobodies work is worth more than a certain amount. They can say there's a minimum, because people need to be able to afford to live, but how could they justify a maximum?

Why should sports be fair, but not capitalism?
The corporate world is not fair, yet somehow we are supposed to have fair sports?

A minimum wage is desirable to minimise exploitation by employers, that it is ever enough to live on is a blatant lie. At best, the minimum wage may cover your food, travelling expenses and part of your rent and outgoings.

A maximum wage would serve no useful purpose and would stifle competition and incentive.

Doesnt a minimum wage also stifle competition and incentive? If you had to fear working for a penny an hour, suddenly you'd work a lot harder, we see people from Mexico working DAMN hard to get into the USA and work for minimum wage because they know it's better than working in Mexico.

Minimum wages exist because slavery is illegal.

We should get rid of both. The government has no business setting wages either at the top or the bottom. Right now, minimum wage is so low it's the equivalent of no minimum. Which is good.

So how do you make sure nobody is enslaved?

Afford to live? Just how can anyone live on minimum wage? LOL

I'd rather die a slow death then live on minimum wage with no way out of it, I could work 100 years at a job and still never get paid enough to seek an education that way.

Die Scum USA!

? Living on minimum wage with no way out of it happens to be a slow and painful death.

Minimum wages exist because slavery is illegal.

Outsourcing is legal.

We should get rid of both. The government has no business setting wages either at the top or the bottom. Right now, minimum wage is so low it's the equivalent of no minimum. Which is good.

Interesting idea!

What would the result of getting rid of minimum wages? I do think there would be more jobs.

How are salary caps fair?

I mean sure if theres a minimum wage, a maximum wage can make sense, but if theres a minimum wage, and no maximum wage for anything BUT football, how does that make sense?
Do you know how much a football player gets paid? Anyway, salary caps are to keep it fair for the teams. I you have more money, and hire all of the best players, it takes the sport out of it. However, since the salary cap was put into effect, victory has depended more on individual coaching skill and team coordination than who has the best players. Also, i'm not sure about now, but a couple years ago, Michael Vick was the highest paid athlete in the US, with the salary cap.
Afford to live? Just how can anyone live on minimum wage? LOL

I'd rather die a slow death then live on minimum wage with no way out of it, I could work 100 years at a job and still never get paid enough to seek an education that way.

Die Scum USA!
Huh? You can live off of minimum wage EASY. Some people even support families making less than minimum wage, WITHOUT government help. Like illegal aliens. And, at least in America, there's ALWAYS a way out. Usually many. If nothing else, crack is easy to boil, and it sells fast too. It's not really a matter of making money either, it's what you do with it.

Why should sports be fair, but not capitalism?
The corporate world is not fair, yet somehow we are supposed to have fair sports?

Uh? Capitalism is fair. Everyone has the same chances to move either up or down, we just start at different places. It's a trap, but the hole's not very big, you can easily climb out. If you make the right decisions, your change your status. Minimum wage has a purpose, maximum wage doesn't, tell me what mximum wage is good for?

Do you know how much a football player gets paid? Anyway, salary caps are to keep it fair for the teams. I you have more money, and hire all of the best players, it takes the sport out of it. However, since the salary cap was put into effect, victory has depended more on individual coaching skill and team coordination than who has the best players. Also, i'm not sure about now, but a couple years ago, Michael Vick was the highest paid athlete in the US, with the salary cap.

Huh? You can live off of minimum wage EASY. Some people even support families making less than minimum wage, WITHOUT government help. Like illegal aliens. And, at least in America, there's ALWAYS a way out. Usually many. If nothing else, crack is easy to boil, and it sells fast too. It's not really a matter of making money either, it's what you do with it.



Uh? Capitalism is fair. Everyone has the same chances to move either up or down, we just start at different places. It's a trap, but the hole's not very big, you can easily climb out. If you make the right decisions, your change your status. Minimum wage has a purpose, maximum wage doesn't, tell me what mximum wage is good for?


I don't understand anything you said. Either one set of rules applies or another, you cannot have selective rules and then say, well sports have to be fair, but capitalism doesnt. Nothing in capitalism has ever been fair. Are the CEO salaries fair? Do the owners all make the same amount of money? No. So even if you were to pay the players less, the CEO's would only get paid more, and the owners and coaches would only get paid more.

As I see it, a salary cap is a maximum wage. So why do we only support a maximum wage for sports and nothing else? Are sports supposed to be communist?

I don't understand anything you said. Either one set of rules applies or another, you cannot have selective rules and then say, well sports have to be fair, but capitalism doesnt.
The purpose of salary caps in sports is to make sure that all of the teams are roughly equal in skill. People want to watch exciting games between evenly-matched teams, where they don’t know who will win. If there were no salary caps then the richest team would always win because they would have all the best players, and fans would have little interest in watching the games. The goal of salary caps is to maximize the amusement of people who watch the sport. When Owin17 said that salary caps are meant to keep things “fair,” he meant that they make sure every team can have a decent chance of winning against every other team. He didn’t mean “fair” in the moral or ethical sense, which is how you seem to have taken it. And remember, the salary caps are something that the sports teams have all agreed upon amongst themselves. They voluntarily do it because they think people will want to watch more if the games are between evenly-matched teams.

Outsourcing is legal.
Outsourcing is legal. Slavery is illegal. Yeah, I know. Doesn't make sense, does it? :rolleyes:

Outsourcing is legal. Slavery is illegal. Yeah, I know. Doesn't make sense, does it? :rolleyes:

Slavery is when you force people to work for you without pay. Outsourcing is when you give a job to someone else because they are willing to do it for less money. Don't pretend that they are the same. You could certainly argue that companies that use outsourcing are taking advantage of poor people but if you really believe that enslaving people and having people voluntarily work for you for a low wage are the same, I think you need to have your moral compass recalibrated.

If you are paying people less then they need to survive, how is that not slavery?
And if they have no better options then the one you are giving them, how is that not forced?

If you are paying people less then they need to survive, how is that not slavery?

Well, 'cause they can quit and try to get another job!

And if they have no better options then the one you are giving them, how is that not forced?

Since when is it an private companies job to give out "better options" to people who seek jobs with them????

Baron Max

Well, 'cause they can quit and try to get another job!
There are NO other jobs. Do you realize that in a lot of those places, unemployment is up to 15% or more? And the only jobs available are usually pretty much the same anyways!

Since when is it an private companies job to give out "better options" to people who seek jobs with them????
You missed the point entirely...

There are NO other jobs.

Then they should thank us for paying them the tiny amount Western consumers have deemed their skills are worth.

There are NO other jobs. Do you realize that in a lot of those places, unemployment is up to 15% or more? And the only jobs available are usually pretty much the same anyways!

then they'd better keep their fuckin' mouths shut and work extra hard!

You missed the point entirely...

No, I didn't! It's you who live in a world that's seemingly not connected to reality ....thus you can make statements that sound good, but simply won't work. And you call that helping??

Baron Max

Hey, you are the one who lives in perfect Lalaland. :bugeye:
You're probably a rich couch potato whose moma is always spoiling... :rolleyes: