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Old 02-09-2016, 08:24 PM
 
Location: Paranoid State
13,044 posts, read 13,863,648 times
Reputation: 15839

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Quote:
Originally Posted by Storm Eagle View Post
Why are you blaming the adult for living on that wage not the people offering the wage?
An adult has had a lifetime to acquire skills and human capital to allow him/her to contribute enough to society to *earn* a living. Some adults choose not to acquire human capital. Other adults choose not to apply human capital. For example, Buddhist Monks in Thailand come to mind - but it is their choice.
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Old 02-09-2016, 09:19 PM
 
18,547 posts, read 15,581,120 times
Reputation: 16235
Quote:
Originally Posted by SportyandMisty View Post
We want food and shelter.

Econ 101: there are no needs, only wants and desires
Source please?

If economists really redefined the word "need" to the point that it has lost its normal, everyday meaning (which would include food and shelter), then we should supplement the word "need" with need*, which means the common usage meaning, if need means this bizarre economist construct.

Then based on context when someone talks about needs, you have to figure out whether they are talking about real needs, or about needs*.

Or just avoid the silly semantic games and say that, yes, there are real needs, like food and shelter, but that some simplified economic models may not incorporate them. That's fine, but that doesn't mean the needs don't exist.
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Old 02-09-2016, 09:51 PM
 
Location: Paranoid State
13,044 posts, read 13,863,648 times
Reputation: 15839
Quote:
Originally Posted by ohhwanderlust View Post
Yes they do. Life is a zero-sum game.
No it isn't. Business is how wealth is created.
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Old 02-09-2016, 10:01 PM
 
Location: South Carolina
3,022 posts, read 2,273,411 times
Reputation: 2168
Quote:
Originally Posted by SportyandMisty View Post
An adult has had a lifetime to acquire skills and human capital to allow him/her to contribute enough to society to *earn* a living. Some adults choose not to acquire human capital. Other adults choose not to apply human capital. For example, Buddhist Monks in Thailand come to mind - but it is their choice.

Except if they can not afford to get more education or are not smart enough, or are disabled it is not a choice. Like I have said before it does not matter if more people get more skills if there is not enough higher jobs for everyone which is true.
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Old 02-09-2016, 10:03 PM
 
Location: South Carolina
3,022 posts, read 2,273,411 times
Reputation: 2168
Quote:
Originally Posted by SportyandMisty View Post
We want food and shelter.

Econ 101: there are no needs, only wants and desires
You need food to live and shelter to protect you from the weather which can kill you those are not wants.
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Old 02-09-2016, 10:21 PM
 
33,016 posts, read 27,451,622 times
Reputation: 9074
Quote:
Originally Posted by SportyandMisty View Post
No it isn't. Business is how wealth is created.

Residential renting is a zero-sum game.
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Old 02-10-2016, 04:29 AM
 
1,199 posts, read 638,566 times
Reputation: 2031
Quote:
Originally Posted by SportyandMisty View Post
No it isn't. Business is how wealth is created.
Every time you post in this thread, it's like opening an ultra-conservative fortune cookie. Can you please explain how trickle-down economics works in seven words or less?
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Old 02-10-2016, 09:25 AM
 
Location: Paranoid State
13,044 posts, read 13,863,648 times
Reputation: 15839
Quote:
Originally Posted by Storm Eagle View Post
Except if they can not afford to get more education...
And yet there is free education available everywhere. For example, MOOCs:

https://www.mooc-list.com/
and
https://en.wikipedia.org/wiki/Massiv...able_providers

Quote:
Originally Posted by Storm Eagle View Post
...or are not smart enough...
The GED Testing Service has decided to lower the bar for obtaining a GED degree. In fact, the lowering of the bar is retroactive!

Passing the GED just got easier

But in the real world, there indeed are working age adults who are at least 2 standard deviations below the median.



The USA currently has about 322 Million people, of which about 215 Million are "working-age." That gives us about 5.9 Million working-aged adults who may well be unable to learn, including some who have incurred permanent "traumatic brain injuries" (TBIs) from, say, accidents and war, and also adults who were exposed to known toxins when they were in their mother's wombs or in their early lives, and the severely autistic and mentally retarded. These conditions are permanent: that is, there is treatment and support, but TBIs are permanent, as is the state of being "dumb as rocks."

I think it is wonderful that we have social programs designed for these people.

Unfortunately, far more than 5.9 Million working-age adults participate in them, just as there are far too many welfare cheats with new cars and smartphones who receive WIC and SNAP benefits.



Quote:
Originally Posted by Storm Eagle View Post
...or are disabled...
It is wonderful we have laws and social programs designed for the physically disabled as well:

U.S. Department of Labor -- ODEP - Office of Disability Employment Policy - Publications - Employment Laws: Disability & Discrimination

Quote:
There are five important federal laws that protect individuals with disabilities from discrimination in employment and the job application process:
* The Americans with Disabilities Act
* The Rehabilitation Act
* The Workforce Investment Act
* The Vietnam Era Veterans' Readjustment Assistance Act
* The Civil Service Reform Act

The real problem, of course, is we talk about the truly needy, but provide benefits for those who go beyond the truly needy.
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Old 02-10-2016, 09:31 AM
 
Location: Paranoid State
13,044 posts, read 13,863,648 times
Reputation: 15839
Quote:
Originally Posted by Partial Observer View Post
Every time you post in this thread, it's like opening an ultra-conservative fortune cookie. Can you please explain how trickle-down economics works in seven words or less?
I can explain wealth creation to you, but I can't understand it for you.
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Old 02-10-2016, 09:33 AM
 
Location: Paranoid State
13,044 posts, read 13,863,648 times
Reputation: 15839
Quote:
Originally Posted by freemkt View Post
Residential renting is a zero-sum game.
No it isn't. This is fun. Your turn.
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