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	<title>Comments on: The Simple Dollar Morning Roundup: Lost Returns Edition</title>
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	<link>http://www.thesimpledollar.com/2007/02/08/the-simple-dollar-morning-roundup-lost-returns-edition/</link>
	<description>Simple, applicable personal finance advice for the modern world</description>
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		<title>By: Jim Lippard</title>
		<link>http://www.thesimpledollar.com/2007/02/08/the-simple-dollar-morning-roundup-lost-returns-edition/comment-page-1/#comment-5706</link>
		<dc:creator>Jim Lippard</dc:creator>
		<pubDate>Thu, 08 Feb 2007 19:44:44 +0000</pubDate>
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		<description>The comments on the minimum wage article were painful to read--a lot of people who don&#039;t have any understanding of economics, finance, or business, but have a strong sense of entitlement.

Difster asks, &quot;do you think that an employer should pay you based on what you need to live?&quot;

One person answers that if an employer can&#039;t pay her what she needs to live, then the employer shouldn&#039;t offer the job at all.  But if that is enough for what somebody else needs to live, why should that person be deprived of that job?

Another person answers, &quot;Do you suppose an employer’s self-pay (whether salary, dividends, capital gains, whatever) is based at all on what s/he needs to live? If the market were fair, the answers to both would be the same.&quot;  But the employer can&#039;t pay themselves *anything* without income coming in from their customers (and typically, a new business being built from scratch means an employer works without pay, using savings from previous employment from another employer).  This person seems to think that the market is not &quot;fair&quot; unless everyone is paid the same amount of money, whatever the minimum is required for what is needed to live--but what are they counting as &quot;needs&quot;?  People don&#039;t *need* to have children, pets, cars, or organic produce, but those all affect the costs of living.</description>
		<content:encoded><![CDATA[<p>The comments on the minimum wage article were painful to read&#8211;a lot of people who don&#8217;t have any understanding of economics, finance, or business, but have a strong sense of entitlement.</p>
<p>Difster asks, &#8220;do you think that an employer should pay you based on what you need to live?&#8221;</p>
<p>One person answers that if an employer can&#8217;t pay her what she needs to live, then the employer shouldn&#8217;t offer the job at all.  But if that is enough for what somebody else needs to live, why should that person be deprived of that job?</p>
<p>Another person answers, &#8220;Do you suppose an employer’s self-pay (whether salary, dividends, capital gains, whatever) is based at all on what s/he needs to live? If the market were fair, the answers to both would be the same.&#8221;  But the employer can&#8217;t pay themselves *anything* without income coming in from their customers (and typically, a new business being built from scratch means an employer works without pay, using savings from previous employment from another employer).  This person seems to think that the market is not &#8220;fair&#8221; unless everyone is paid the same amount of money, whatever the minimum is required for what is needed to live&#8211;but what are they counting as &#8220;needs&#8221;?  People don&#8217;t *need* to have children, pets, cars, or organic produce, but those all affect the costs of living.</p>
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