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Old 07-01-2017, 12:01 PM
 
Location: Living rent free in your head
42,758 posts, read 26,029,946 times
Reputation: 33870

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Quote:
Originally Posted by max210 View Post
So what you're saying is there is no correlation between the cost of goods and services and the low wage employees.
I didn't say that and you know it. The comment you responded to was on the impact to the taxpayer of eliminating the minimum wage which as far as I can tell has nothing to do with your allegation.
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Old 07-01-2017, 12:01 PM
 
Location: Prepperland
18,895 posts, read 14,083,916 times
Reputation: 16606
At the rate paper money (currency) depreciates, workers would be far better off with equitable barter.
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Old 07-01-2017, 12:02 PM
 
Location: St Louis, MO
4,677 posts, read 5,747,408 times
Reputation: 2981
Quote:
Originally Posted by PCALMike View Post
Hong Kong has had a $0 minimum wage for a very long time. It has lead to the highest inequality in the developed world, a tiny super rich elite, just like Singapore, and for the working class in Hong Kong, life is a struggle in a cage home. Why do you want the working class in America to live in cage homes? Only a couple of years ago, Hong Kong, being lauded as the most free economy in the world by all the right wing think tanks in America, finally decided to implement a minimum wage of $3.35 an hour after extreme pressure from the desperate and hungry working class. This is the future of the working class in America. Living in cage homes working 50 hours a week.
The problem with your argument is that the number of people living in cage homes has more than doubled since the minimum wage was passed, from around 60,000 in 2010 when the minimum wage was passed to over ~210,000 today.
(The reason being that this has little to do with wages and much more to do with a massive housing crisis in Hong Kong.)
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Old 07-01-2017, 12:05 PM
 
26,694 posts, read 14,499,977 times
Reputation: 8094
Quote:
Originally Posted by marigolds6 View Post
Yeah, posting a quote from the guy who put up concentration camps for minorities is probably not the way to claim the minimum wage was not an attempt to keep minorities out of jobs.

The NIRA was intended to put the power to set minimum wages in the hands of the unions. At the time, there was a pretty obviously connection between strengthening unions and keeping minorities and women out of the workplace.
Minimum wage was passed by the racist Democrats to keep blacks out of the workforce and it still is.
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Old 07-01-2017, 12:06 PM
 
Location: St Louis, MO
4,677 posts, read 5,747,408 times
Reputation: 2981
Quote:
Originally Posted by 2sleepy View Post
Then open your wallet, because every dollar less that employers pay in wages will be made up by taxpayers in food stamps, TANF, medicaid and EITC. ​How low-wage employers cost taxpayers $153B a year - CBS News
You are drawing a non-sequitur. Requiring employers to publicly disclose all wages paid to each individual employee has nothing to do with paying poverty wages or even paying less wages. It would actually result in employers having to pay higher wages, as happens in every case when you eliminate a dead-weight loss like information control.
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Old 07-01-2017, 12:07 PM
 
14,221 posts, read 6,919,102 times
Reputation: 6059
Quote:
Originally Posted by BobNJ1960 View Post
Wrong again. I lived in a nice suburb of Nashville, knew our folks at a nearby rural plant doing fine at $14 an hour. Rents in their rural area were just a few hundred a month ( 1 bedrooms were normally about 550-600). No income tax. No auto property tax. Their premiums for health care were about $25 bi-weekly (80/20 plan, 1k out of pocket max annually). $14 an hour brought them $1,800+ a month net before OT due to lack of income tax at state level, and they were in lowest FIT bracket. They also received profit sharing every year of at least 2k. Went on vacation with that.
I'd love to see that health care plan. What did it cover?

Tennnesse has no public safety net. That means if they get sick, lose their health insurance, get a disabled child, need to retire early etc, they are in massive financial difficulties and most of the folks at the plant would file for persona bankruptcy.
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Old 07-01-2017, 12:08 PM
 
Location: Free From The Oppressive State
30,198 posts, read 23,608,007 times
Reputation: 38537
Quote:
Originally Posted by GWTJ View Post
I just hung up on a friend who said the minimum wage should be $0/hr, same if working or not. So, he seems to think he should be forced to become homeless, and dig rotten food out of neighbors dumpsters, even if a law prevents that. He seems to feel sorry for the people who have only $10 billion.

Is Trump promoting these feelings, or where are they coming from?
The government should not be mandating a minimum wage at all. They need to get their filthy hands OUT of businesses and let the free market work.

Why the hell is everyone so afraid of the freek market. It works if you let it.
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Old 07-01-2017, 12:10 PM
 
33,837 posts, read 16,862,578 times
Reputation: 17123
Quote:
Originally Posted by PCALMike View Post
I'd love to see that health care plan. What did it cover?
.
Plan covered everything with low co-pays. I paid $10 at doc, $5 for prescription brand names, $0 for generic.
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Old 07-01-2017, 12:11 PM
 
33,837 posts, read 16,862,578 times
Reputation: 17123
Quote:
Originally Posted by PCALMike View Post
I'd love to see that health care plan. What did it cover?

Tennnesse has no public safety net. That means if they get sick, lose their health insurance, get a disabled child, need to retire early etc, they are in massive financial difficulties and most of the folks at the plant would file for persona bankruptcy.
Tn decades ago had TennCare, which at one point, covered 1.2 million.

As for the plant, it will be there for decades to come. Its bigger now than ever.
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Old 07-01-2017, 12:15 PM
 
14,221 posts, read 6,919,102 times
Reputation: 6059
Quote:
Originally Posted by marigolds6 View Post
The problem with your argument is that the number of people living in cage homes has more than doubled since the minimum wage was passed, from around 60,000 in 2010 when the minimum wage was passed to over ~210,000 today.
(The reason being that this has little to do with wages and much more to do with a massive housing crisis in Hong Kong.)
Of course it has to do with wages and benefits. Its the same situation in Singapore which also has no minimum wage. They do have public housing though, which is something libertarians hate. But they have ultra low taxes, no minimum wage and non-existent unions. Wages for huge numbers of people in HK are abysmally low. And backbreaking work means many have to retire early. With hardly any security for retirement because of ultra low wages and non-existent benefits over many decades, the libertarian dream. As more and more low wage workers enter retirement, cage home dwellers will only increase, even though the minimum wage has been implemented. This is the libertarian reality.
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