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Old 01-01-2014, 11:50 AM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789

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Quote:
Originally Posted by Doubletrouble View Post
Where has there been an Inflation problem ?

Obama administration fails to address or acknowledge this problem.
As Hanauer points out, if the minimum wage had kept pace with American productivity gains it would currently be $21.72 per hour.

The Capitalist
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Old 01-01-2014, 11:52 AM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789
Quote:
Originally Posted by FlamencoFreak View Post
This isn't "right wing politics." It's common sense. Would you pay someone more than they are capable of producing in revenue? You would be a fool.
Agreed. But the problem is that many companies are paying employees less than they are producing in revenue.
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Old 01-01-2014, 11:55 AM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789
Quote:
Originally Posted by pghquest View Post
Facts like Bill Maher? How is anything he says a fact?

YOU are the one here whining about Walmart being "subsidized" by the taxpayer, but when I ask you how many would work there at such low wages without the subsidies, you never respond.
Are you in support of employees, who are paid so low they require government assistance, totally quitting their jobs and going completely on welfare, etc....?
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Old 01-01-2014, 11:58 AM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quantitative Easing Helps the Big Wheels and Hurts Everyone Else | The Big Picture

Quantitative Easing Helps the Big Wheels and Hurts Everyone Else

The Regressive Politics of Quantitative Easing | naked capitalism

The Regressive Politics of Quantitative Easing

How Quantitative Easing Helps the Rich and Soaks the Rest of Us - Reason.com

How Quantitative Easing Helps the Rich and Soaks the Rest of Us

But yet, some want to blame it on Wal-Mart.
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Old 01-01-2014, 11:58 AM
 
Location: Portland, Oregon
46,001 posts, read 35,161,783 times
Reputation: 7875
Quote:
Originally Posted by FlamencoFreak View Post
Not necessarily producing revenue equal to what they are being paid.

The value of wages depends on how much one can produce. If one is being paid $9/hour, but can only produce at $8/hour rate in terms of revenue, then their wages are only worth $8/hour. At that rate, they would likely be fired, because there is no return on investment. A business owner could hire the next person in line who might bring in $2/hour over what they are being paid, in revenue.
You do know not all workers work at widget factories. How do you calculate how much money someone working a cash register produces?
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Old 01-01-2014, 12:00 PM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789
Quote:
Originally Posted by pknopp View Post
I am.

Median Real disposable household income has been declining steadily over the long term since 2000 and that decline has accelerated since 2008, at a rate between 1-2% per year.

It is no coincidence that this is the same time period that the government started their massive welfare programs for Wall Street.

Your author is a moron on top of everything else.

As a result of the continuing corporate tax cuts since 2008 at all levels of government, Corporate After-Tax profits recovered even faster during the recent recession than did pre-tax corporate profits. From a 2008 low-point of $746 billion, in less than 18 months from the recession low, after tax profits rose to $1.454 trillion—i.e. a level of 47% higher than even their 2007 pre-recession record of $989 billion. In other words, after tax profits recovered twice as fast as pre-tax profits as a direct consequence of government business tax cutting during the recent recession.

What corporate tax cuts? Do you mind listing these for me?
Here are the 10 biggest tax breaks for corporations, according to the U.S. Office of Management and Budget. The amounts are calculated for the government’s 2012-2016 fiscal years.
Nice Business Dividends: Top 10 Corporate Tax Breaks - US News & World Report

Quote:
In a capitalist system, rising inequality creates a death spiral of falling demand that ultimately takes everyone down.
The Capitalist
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Old 01-01-2014, 12:03 PM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789
Quote:
Originally Posted by FlamencoFreak View Post
If they earn it, it isn't a hand out, and that is called a merit raise. I used to get raises regularly when I was employed and paid hourly. I always worked hard so that when review time came along, I would be seen as worth an increase in pay. I always got a raise. Eventually, I was given a salaried position in the marketing department.

That's how it works.
Apparently Americans have not been working hard in the past three decades.

Quote:
if the minimum wage had kept pace with American productivity gains it would currently be $21.72 per hour.
American Wages Are Falling Behind | Economy In Crisis
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Old 01-01-2014, 12:04 PM
 
Location: Midwest
38,496 posts, read 25,800,800 times
Reputation: 10789
Quote:
Originally Posted by FlamencoFreak View Post
You don't know what the term means.
Most of Americans don't because "trickle-down-economics" is a myth.
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Old 01-01-2014, 12:05 PM
 
7,214 posts, read 9,390,397 times
Reputation: 7803
Quote:
Originally Posted by 01Snake View Post
You're going to pay for it either way via higher taxes or higher product/service prices.

And LOL at dumbasses that think you should be able to make a living working a fastfood job. If a pimply-faced 16yr old can do the job, you might want to aim a little higher if you're looking for a career paying a decent living wage.
What's one of the first things said to an unemployed person these days?

"McDonald's is hiring. "

Those jobs weren't " designed" to support a person, but that's the expectation nowadays.
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Old 01-01-2014, 12:06 PM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Quote:
Originally Posted by urbanlife78 View Post
You do realize those people are called working employees so pay checks aren't considered handouts.
When you pay an unskilled worker $15/hour to park cars it certainly is.
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