Should the minimum wage be $22? (party, Walmart, prison, working)
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$30/bbl to $90/bbl is nominal? All those dimes aren't worth as much. THey are getting thinner and thinner. Is that too hard to understand? The buying power is reduced.
PanTerra, I wouldn't even bother anymore. As I said she does not understand the most basic and the way she writes is off the wall.
To most everyone that responded in the first page (I didn't read the others), I recommend watching the video. She doesn't actually say that minimum wage should be $22/hr. She was citing a study that was done, and Mr. Dube cited another study that presupposed that minimum wage income kept up with 1%er income, it would be $33/hr. What she did seem to advocate for, as she states in the session, was for a minimum wage increase to an average $10.10 over a 3-year span and what affect that might on businesses and the economy as a whole.
Do you guys actually watch the videos that someone posts or just accept someone else's synopsis of it? OP, did you not watch your own video or are you just trolling?
To most everyone that responded in the first page (I didn't read the others), I recommend watching the video. She doesn't actually say that minimum wage should be $22/hr. She was citing a study that was done, and Mr. Dube cited another study that presupposed that minimum wage income kept up with 1%er income, it would be $33/hr. What she did seem to advocate for, as she states in the session, was for a minimum wage increase to an average $10.10 over a 3-year span and what affect that might on businesses and the economy as a whole.
Do you guys actually watch the videos that someone posts or just accept someone else's synopsis of it? OP, did you not watch your own video or are you just trolling?
Most of the people who waste a lot of time posting in PaOC are Fox News watching trolls. Limbaugh ditto heads - that sort of thing. People who don't have open minds and can't be told anything about anything. We all know the types, so, why bother?
HG Wells may have been more visionary than Nostradamus.
By the year AD 802,701, humanity has evolved into two separate species: the Eloi and the Morlocks. The Eloi are the childlike, frail group, living a banal life of ease on the surface of the earth, while the Morlocks live underground, tending machinery and providing food, clothing and infrastructure for the Eloi. Each class evolved and degenerated from humans. The novel suggests that the separation of species may have been the result of a widening split between different social classes, a theme that reflects Wells's sociopolitical opinions.
HG Wells may have been more visionary than Nostradamus.
By the year AD 802,701, humanity has evolved into two separate species: the Eloi and the Morlocks. The Eloi are the childlike, frail group, living a banal life of ease on the surface of the earth, while the Morlocks live underground, tending machinery and providing food, clothing and infrastructure for the Eloi. Each class evolved and degenerated from humans. The novel suggests that the separation of species may have been the result of a widening split between different social classes, a theme that reflects Wells's sociopolitical opinions.
I'd eat my shoe if humanity made it another 800,000 years. 8,000 would be impressive at the rate we're going.
To illustrate, imagine that tomorrow, the whole world wakes to the knowledge that each individual has an account balance of 27 billion quatloos of gold coin.
What happens when "everyone" is equally "rich"?
[] Does that spur more or less production?
[] Does anyone bother to go to work and produce goods and services?
Common sense tells us that civilization would collapse if no one bothered to work, thinking that they were all rich.
The current economic system operates on 'money madness' and the belief in the 'value' of money instead of the reality of surplus goods and services. Those who accumulate a surplus of money tokens, can thus compel others who lack money tokens, to do work, and trade output, while not doing anything of value in exchange.
Thus we see people striving to "get rich" but not necessarily striving to produce more goods and services, with which to equitably trade.
Money and wealth are not signs of prosperity.
Prosperity is the production, trade and enjoyment of surplus usable goods and services.
Doing more with less so more can enjoy is the key to finding happiness.
Doing less with more so few can enjoy is the key to misery.
A 'money mad' people will never find a resolution to their economic woes.
The remedy to economic woes is prosperity which has nothing to do with money token ownership, but the productive capacity of the people, their ability to trade, and then enjoy the fruits of that production.
Last edited by jetgraphics; 03-21-2013 at 05:30 AM..
I would like to have seen my salary rise in proportion to gasoline prices. That did not happen because we do not have a monopoly to control our availability and prices while the petroleum companies do. That, as Adam Smith said is the death of a market system.
We, after WW2, to about 1970, had come as close to an egalitarian system as we have ever been. That is when the financial elite set us on the road to a consumer credit economy instead of a production economy and our current out of balance financially determined class system developed. The elite were losing their privilege and exclusivity and set out very successfully to restore their lost position as the truly elite of society.
I do not, without a political change that will return us to a market based productive economy, see any way this current system will ever change except to get even more economically and socially divided.
According to Elizabeth Warren, it should. Do you agree with her?
Well, Elizabeth Warren is an idiot. So, you have to consider the source.
Raising the minimum wage causes higher unemployment. The reason is simple. Who is going to pay someone $22/hr (or even $10/hr) who has no skills and no experience? They won't. They will look for someone with more experience, and with some marketable skills.
The real question is, if she ACTUALLY thinks this is a good idea, what about all the people who's wages are artificially deflated by this?
Let's say you earn $21.00 an hour now, which is a bit more than $13.00 an hour greater than Min wage. Well, now you and everyone else making $22.00 an hour and less are now ALL, minimum wage earners, unless YOUR wages go up by an equal percentage raise.
THAT means, the cost of ALL GOODS AND SERVICES, will go up by an equal percentage, and the only thing that happens is MORE people are poor, everything costs more, and nobody wins.
And, that is exactly what happens in the real world. When the minimum wage goes up, everyone else in a company wants their pay to be increased proportionately, and if it isn't, you have a whole lot of unhappy employees.
Further, you have people working who have perhaps been with a company for five years, and worked their way up to that nice $22/hr rate. All of a sudden they see someone new being hired at the rate that they worked five years to attain. Can we say, "pissed off?"
People like Elizabeth Warren and her ilk who advocate such things are just plain stupid, and they never think of the consequences. The fact is, they don't even care. They are just after votes. They couldn't care less about people.
How can you triple min wage and not triple all other salaries ?
The skilled guy that makes $22 today would still be more skilled than min wage cashiers.
So if you triple the cashier's salary shouldn't you also triple that guy's salary ?
And then if you triple all salaries wouldn't you have to triple the price of all goods/services to cover that labor cost and still make your profit ?
Has this woman thought this out beyond the min wage worker ?
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