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Yet you cant explain why your reason is practical.
I gave you a practical reason, you disagree with it, not much else I can do to convince you of something you don't want to be see why it is practically a good reason to raise the minimum wage.
Yet you cant explain why your reason is practical.
That person can't but this person did just fine.
Quote:
Originally Posted by greywar
Lets see if I can give a simple enough practical reason for the minimum wage. Forgive me if I oversimplify.
The major driver of our economy is based on consumer spending. A higher minimum wage will result in faster spending, and a more active and successful and productive economy. The CEO of mcdonalds understands this and has asked for a larger minimum wage,as does whomever is running Walmart apparently. failing to track it to inflation will cause it to erode, and damage the economies spending. In point of fact we often are seeing data that says we need people on the lower end to have more money as the level of inequality we have now is negatively affecting our economy.
Lets see if I can give a simple enough practical reason for the minimum wage. Forgive me if I oversimplify.
The major driver of our economy is based on consumer spending. A higher minimum wage will result in faster spending, and a more active and successful and productive economy. The CEO of mcdonalds understands this and has asked for a larger minimum wage,as does whomever is running Walmart apparently. failing to track it to inflation will cause it to erode, and damage the economies spending. In point of fact we often are seeing data that says we need people on the lower end to have more money as the level of inequality we have now is negatively affecting our economy.
That help?
You've just argued from a fallacy, the broken window fallacy. The problem with your last part is, the people on the bottom end cant use money effectively for a multitude of reasons, normally that's why they are on the bottom and continue to stay, minimum wage does not fix this issue. You want to talk about education, skills enhancement, trade schools, I'm all ears.
Last edited by billydaman; 02-26-2015 at 08:19 PM..
I gave you a practical reason, you disagree with it, not much else I can do to convince you of something you don't want to be see why it is practically a good reason to raise the minimum wage.
Once again...try reading and comprehending this time, okay?
You've yet to explain why its practical. Simply stating its practical is meaningless.
Once again...try reading and comprehending this time, okay?
You've yet to explain why its practical. Simply stating its practical is meaningless.
Because it isn't worth my time to explain something that has been explained in a practical sense by me and others on here, yet you have chosen to ignore those practical reasons. Not our problem.
Because it isn't worth my time to explain something that has been explained in a practical sense by me and others on here, yet you have chosen to ignore those practical reasons. Not our problem.
Okay, I'll declare victory. You can not explain why your reasoning for raising the minimum wage is practical. I've yet to ignore the purported practical reasons you've or others have given, I've merely asked you to explain why they are practical to which no one in this thread has answered.
You've just argued from a fallacy, the broken window fallacy. The problem with your last part is, the people on the bottom end cant use money effectively for a multitude of reasons, normally that's why they are on the bottom and continue to stay, minimum wage does not fix this issue. You want to talk about education, skills enhancement, trade schools, I'm all ears.
We have an over supply of oil, corn, iron ore, copper, etc. We have an over supply of workers and an under demand for goods. We have an over supply of production capacity and under demand globally.
We have too much debt and not enough income.
The Broken wind fallacy doesn't hold. Increasing wages increases demand. We have been trading a reduction in future consumption for an increase in present consumption for the past 3 1/2 decades.
We are going to have a reduction in present consumption. How far can we kick that can down the road? That depends to a large extent on how far we increase wages. Both here and abroad.
Last edited by ContrarianEcon; 02-26-2015 at 08:35 PM..
Reason: spelling
Okay, I'll declare victory. You can not explain why your reasoning for raising the minimum wage is practical. I've yet to ignore the purported practical reasons you've or others have given, I've merely asked you to explain why they are practical to which no one in this thread has answered.
Really.
Getting an increase in present consumption isn't practical?
Then I declare you the winner too. go play by yourself.
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