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Old 06-25-2019, 12:15 PM
 
79,457 posts, read 33,670,997 times
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It all makes sense. These lower wages are not intended for everyone.

The Billion-Dollar Business of Operating Shelters for Migrant Children

https://www.nytimes.com/2018/06/21/u...-crossing.html
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Old 06-25-2019, 12:15 PM
 
7,298 posts, read 4,210,447 times
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A federal minimum wage shouldn't exist. Should be a state/city concept at most.

But he is talking about manufacturing, which generally pays above minimum wage. So I don't buy his revisionist history trying to say that he was speaking specifically about minimum wage. He said wages are too high, full stop. Which, in a sense is certainly true from a globalist perspective. Why should manufacturers make things here when they can pay someone peanuts elsewhere? Or develop automation that doesn't require a person at all?

People think we can raise the 3rd world to our living conditions. But the market reality is we're all going to meet somewhere in the middle. They'll go up but we'll also go down. Just the end result of capitalism.

Last edited by notnamed; 06-25-2019 at 12:33 PM..
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Old 06-25-2019, 12:20 PM
 
79,457 posts, read 33,670,997 times
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These lower wages are not intended for everyone.

Stocks Lower as Powell Says Fed 'Grappling' on Whether to Trim Interest Rates

https://www.thestreet.com/markets/st...peech-14998329

Trump will be ranting about not lowering rates before long. Greed, greed, greed.
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Old 06-25-2019, 12:51 PM
Status: "Be yourself. What's the alternative?" (set 25 days ago)
 
8,728 posts, read 10,857,046 times
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Yes, his focus and life of greed and ego has left little space for anything else. He seems emotionally at the level of school age or maybe pre puberty and it shows constantly.
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Old 06-25-2019, 01:20 PM
 
360 posts, read 112,489 times
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Quote:
Originally Posted by carcrazy67 View Post
Are our wages too high? There is no cut and dried answer. If a company has to compete in a global market where others pay much less, it would necessitate said company to be much more productive and cost efficient in other areas. If they can do that successfully, then no, wages are not too high. If they can no longer compete because no amount of improvement in productivity will allow them to do so, then yes, wages are too high. When I sold my engineering/manufacturing company several years ago I could see the handwriting on the wall. How could I compete when I was paying engineers 80k and my competition in India was paying 15k? You can be better, but that only takes you so far!
This. In a Global Economy unless the job physically has to be done in the U.S and those jobs are more and more becoming low end it's simply not economical to use American workers over workers in other countries. Even the example given about the Indian engineer is absolutely true. Had a friend who used to work for a major Computer Manfuturer as part of his job he had to interview new hires and fire people. He tells one day of doing a phone interview with someone who he later found out was in India, perfect English and great skills. When this person was hired He then got the notice to fire the American MBA he was to replace. At a third the salary. After this he knew that one day someone would be calling him into their office so he moved into a job in healthcare which he felt would be less likely to be outsourced.
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Old 06-25-2019, 01:31 PM
 
Location: Cumberland Co., TN
21,951 posts, read 21,747,706 times
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Quote:
Originally Posted by notnamed View Post
But he is talking about manufacturing, which generally pays above minimum wage. So I don't buy his revisionist history trying to say that he was speaking specifically about minimum wage. He said wages are too high, full stop. Which, in a sense is certainly true from a globalist perspective. Why should manufacturers make things here when they can pay someone peanuts elsewhere? Or develop automation that doesn't require a person at all?
It was a debate on the economy and a response to a specific question about a 15$/hr minimum wage. How do you see that as him talking about manufacturing.

https://www.businessinsider.com/dona...o-high-2015-11
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Old 06-25-2019, 01:57 PM
 
7,298 posts, read 4,210,447 times
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Quote:
Originally Posted by 2mares View Post
It was a debate on the economy and a response to a specific question about a 15$/hr minimum wage. How do you see that as him talking about manufacturing.

https://www.businessinsider.com/dona...o-high-2015-11
"Our country is not competitive anymore. That's why we're losing all of the manufacturers."
https://www.businessinsider.com/dona...o-high-2015-11
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Old 06-25-2019, 02:04 PM
 
79,457 posts, read 33,670,997 times
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Quote:
Originally Posted by notnamed View Post
"Our country is not competitive anymore. That's why we're losing all of the manufacturers."
https://www.businessinsider.com/dona...o-high-2015-11
We lost manufacturing because we decided that "shareholder value" was more important than labor, safety, etc.
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Old 06-25-2019, 02:19 PM
 
Location: Cumberland Co., TN
21,951 posts, read 21,747,706 times
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Quote:
Originally Posted by notnamed View Post
"Our country is not competitive anymore. That's why we're losing all of the manufacturers."
https://www.businessinsider.com/dona...o-high-2015-11
And the question was regarding the 15$ minimum wage. In debate you must bring up supporting arguments. Having a high minimum wage for low level service or entry positions will force employers to raise wages for skilled and upper level positions to keep good employees. The overall higher wages cause the US not to be competitive globally including manufacturing. That was the argument against a 15$/hr minimum wage. The conversation nor debate was about manufacturing.
You took it out of context and cherry picked one sentence to base your contempt on.
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Old 06-25-2019, 02:22 PM
 
79,457 posts, read 33,670,997 times
Reputation: 15897
Quote:
Originally Posted by 2mares View Post
And the question was regarding the 15$ minimum wage. In debate you must bring up supporting arguments. Having a high minimum wage for low level service or entry positions will force employers to raise wages for skilled and upper level positions to keep good employees. The overall higher wages cause the US not to be competitive globally including manufacturing. That was the argument against a 15$/hr minimum wage. The conversation nor debate was about manufacturing.
You took it out of context and cherry picked one sentence to base your contempt on.
We can't condemn the Feds for not lowering interest rates to drive up the market and then condemn those who continue to fall behind. His condemnation is about those on the lower end of the spectrum. If the idea is that they have to take less so those who already have can have more, screw that.
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