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Old 10-27-2014, 05:31 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383

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Quote:
Originally Posted by Storm Eagle View Post
Gotta love the people who think it is okay to let businesses pay whatever they want even if it is not livable. See when this happens you get situations like there is in third world countries with two classes very rich and very poor. I will not argue with you that raising the min wage makes prices go up but show me just how high the prices go because this belief that prices will soar with min wage increase is not something I believe to be true.
not nearly as much as I love those who think its ok to tell others how much they need to get in exchange for their hourly time.

Why not legislate the price of say, used books Storm?

I mean if its ok for you to demand somone sell themself for $x an hour, and time of course holds value, then why not legislate how much people have to ask for things.

Flea markets be damned, Storm is going to start setting the prices of everything...
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Old 10-27-2014, 06:27 AM
 
Location: Long Island
32,816 posts, read 19,471,329 times
Reputation: 9618
raising min wage will be the death blow to an already hurting brick and mortar retail industry

walmart declining sales
kmart/sears..declining sales
target declining sales
mcdonalds declining sales
burger king declining sales
macy's inc...formerly federated depoartment stores inc...owner of macy's, bloomingdales, Jordan marsh, daytons, kaufmanns , may department stores, until2006 david bridal, until 2006 lord&taylor, hechts , filenes of boston, former a&s, and sterns, and a dozen others.....declining sales

brick and mortar stores are hurting because of online sales and not so clean stores, and poor selection...

raising the min wage to anything above $8 would be a downer for these retail giants, and an outright killer of the mom and pop stores that already cant compete with the bigbox store and e-commerce

not to mention this will also hurt the food stores.....too many are already hurting


but liberals don't care...dam the torpedo's full steam ahead with our socialist agenda
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Old 10-27-2014, 02:13 PM
 
17,400 posts, read 11,967,439 times
Reputation: 16152
Quote:
Originally Posted by Storm Eagle View Post
Gotta love the people who think it is okay to let businesses pay whatever they want even if it is not livable. See when this happens you get situations like there is in third world countries with two classes very rich and very poor. I will not argue with you that raising the min wage makes prices go up but show me just how high the prices go because this belief that prices will soar with min wage increase is not something I believe to be true.
Gotta love the people that have forgotten we live in a free country. A country where you have the choice to work or not, to improve your skills or not, or move to another country where you think it's OK for the government to control every aspect of its citizen's lives.

You don't "believe" prices will increase? How could they not. Where will that money come from to pay for the increase in wages?
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Old 10-27-2014, 02:15 PM
 
17,400 posts, read 11,967,439 times
Reputation: 16152
Quote:
Originally Posted by jojajn View Post
Meanwhile, that middle aged woman goes home and eats cat food for dinner because that is all she can afford.
If that middle aged woman is able bodied and only earns enough to eat cat food, that's on her. Because we all know that middle aged women are stupid, lazy and too feeble to earn a good living.
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Old 10-27-2014, 02:16 PM
 
17,400 posts, read 11,967,439 times
Reputation: 16152
Quote:
Originally Posted by jojajn View Post
Thank you. Here is some "logic" for you to consider:


Mathematically Eliminated from the American Dream
Why is that middle aged woman only earning minimum wage?
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Old 10-27-2014, 02:20 PM
 
Location: Ohio
24,621 posts, read 19,152,432 times
Reputation: 21738
Quote:
Originally Posted by workingclasshero View Post
raising min wage will be the death blow to an already hurting brick and mortar retail industry

walmart declining sales
kmart/sears..declining sales
target declining sales
mcdonalds declining sales
burger king declining sales
macy's inc...formerly federated depoartment stores inc...owner of macy's, bloomingdales, Jordan marsh, daytons, kaufmanns , may department stores, until2006 david bridal, until 2006 lord&taylor, hechts , filenes of boston, former a&s, and sterns, and a dozen others.....declining sales
Yes, indeed.

I would attribute that to the sobering effects of out-of-pocket expenses levied by the, uh, you know, Affordable Care Act.


Quote:
Originally Posted by JimRom View Post
Why are you picking 1968? Perhaps because 1968 was a fluke, and was the time when minimum wage had its highest buying power?
Yes, indeed. Cherry-picking is about the only thing they know how to do.

Quote:
Originally Posted by ringwise View Post
Gotta love people who think it's ok to force businesses to make decisions based on popular opinion, with the might of the government backing it up.

Touche!


Quote:
Originally Posted by freemkt View Post
??? I have never qualified for anything on a full time minimum wage income.
Yeah, we know. Many have come to the conclusion you're merely trolling.

At least some people understand....

Mircea
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Old 10-27-2014, 02:36 PM
 
Location: deafened by howls of 'racism!!!'
52,708 posts, read 34,525,339 times
Reputation: 29284
Quote:
Originally Posted by jojajn View Post
Thank you. Here is some "logic" for you to consider:

Quote:
the current federal minimum wage is $7.25 an hour. If minimum wage had kept pace with overall income inflation since 1968, the minimum wage would now be $21.16, which means a full-time minimum wage worker would now be making $44k a year. However, the median annual wage is only $27,519. Based on income inflation, only 22% of the working age population and 15% of the overall population currently have an annual income higher than a full-time minimum wage worker had in 1968.
Mathematically Eliminated from the American Dream
tsk, tsk. this is what you get for placing your faith in wackjob sites like AlterNut.

Quote:
Originally Posted by jojo
If minimum wage had kept pace with overall income inflation since 1968, the minimum wage would now be $21.16
uh, I think you and alternut better get your inflation calculators adjusted. 1968's minimum wage of $1.60 is NOT $21.16 today - it's about half of that.
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Old 10-27-2014, 02:49 PM
 
Location: Ohio
24,621 posts, read 19,152,432 times
Reputation: 21738
Quote:
Originally Posted by jojajn View Post
Thank you. Here is some "logic" for you to consider:

Quote:
If minimum wage had kept pace with overall income inflation...
Mathematically Eliminated from the American Dream
Um, that is illogical.

Cost-push Inflation is your fault. You elect the turds that enact legislation that drives up the prices of goods and services, and then have the unmitigated gall to whine and cry that you can no longer afford to purchase the goods and services that have increased in price because of you.

That's about as logical as stabbing your eyes with a fork, and then demanding that others surrender their eyes so you can continue to stab with a fork.

Demand-pull Inflation is caused by excessive over-consumption. The Laws of Economics drive up prices to stop excessive over-consumption.

So raising minimum wage, or any wage in order to continue excessive over-consumption is totally illogical and stupid.

What do you have to say about that?

Quote:
Originally Posted by jojajn View Post
??? Why are the red states so impoverished?
They are not impoverished.

"....weighted average poverty thresholds from U.S. Census Bureau, Current Population Reports, Series P60-245"

Oh....look....a US government website proves your interactive maps is nothing more than NAZI-style propaganda.

Shocking, indeed.


Quote:
Originally Posted by jojajn View Post
Lying
A fallacy of reasoning that depends on intentionally saying something that is known to be false.

Misrepresentation
If the misrepresentation occurs on purpose, then it is an example of lying. If the misrepresentation occurs during a debate in which there is misrepresentation of the opponent’s claim, then it would be the cause of a straw man fallacy.

Suppressed Evidence
Intentionally failing to use information suspected of being relevant and significant is committing the fallacy of suppressed evidence. This fallacy usually occurs when the information counts against one’s own conclusion.

It isn't sweatshop labor.

When you can prove it is, perhaps someone will take you seriously.

Rajiv in India who earns $0.28/hour buys products made in China by Long Wang who makes $0.45/hour, instead of Idiot ******* Fat Union Fred who is over-paid $35/hour.

What should US businesses do to remedy this situation?

a) Carpet bomb India, until the Indian government agrees to only import MADE IN USA

b) Carpet bomb China until no more factories exist, and then Indians must import MADE IN USA

c) Off-shore factories to China and export to India, then use the profits to keep as many American jobs as economically possible.

If you can answer the question correctly, you might even be smarter than Obomba.

Quote:
Originally Posted by jojajn View Post
Your response was to attribute inflation to an increase in minimum wage. My response was to ask you why/how inflation happened during the past 5 years in spite of no increase in minimum wage and how this inflation makes minimum wage earners more poor.
The Laws of Economics.

The process of globalization by BRICS is moving countries from ZERO Level Economies to higher level economies.

In doing so, it creates increased demand, which drive up prices.

Quote:
Originally Posted by jojajn View Post
The whole point of raising minimum wage is to allow those who work an honest full-time job the ability to support themselves without the need for government support.
That's what you claim and yet at no time in history has increasing the minimum wage decreased government support.


Quote:
Originally Posted by jojajn View Post
Remember, when we subsidize the income of low wage workers, we are really subsidizing the selfish CEOs who pay themselves millions and expect us tax payers to pay for their employees.
Remember that only 3% of US businesses are publicly traded corporations and that 97% are not.

Also, note that subsiding low income wage earners is not a requirement. You continue to use this fallacy:

False Dilemma
A reasoner who unfairly presents too few choices and then implies that a choice must be made among this short menu of choices is using the false dilemma fallacy, as does the person who accepts this faulty reasoning.

Of course, you don't really have a fact-based argument, it's all based on subjective emotions.

There is an alternative, and that alternative is to scale-back Welfare Programs, which you'll have to do anyway, so might as well do it now, while you can do it incrementally, so as to cause the least amount of trauma.

Logically...

Mircea
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Old 10-27-2014, 03:43 PM
 
Location: Ohio
24,621 posts, read 19,152,432 times
Reputation: 21738
Quote:
Originally Posted by Storm Eagle View Post
So you just pulled a random country out to try to make your point. I can do that to what about Mexico which has a much lower min wage are they poor because of any of those things?
There is a reason why Mexico is as it is.

When you get the courage, you can start by studying the US invasion of Vera Cruz, and the overthrow of President Huerta.

Quote:
Originally Posted by Storm Eagle View Post
Gotta love the people who think it is okay to let businesses pay whatever they want even if it is not livable.
Gotta love people who steal my money so that others can buy beer.

Oh, wait, that's right, in your Fantasy World, people are entitled to beer and lottery tickets.

Since you refuse to objectively define "Living Wage" in no uncertain terms, how in the hell are businesses supposed to know what a "Living Wage" is?

Your government refuses to pay the rent for some single Americans who earn $9,101 annually --- $4.55/hour.

At the same time, your government will pay the rent of a single American who earns $26.75/hour, or $53,490 annually.

In plain English, your government says $4.55/hour is a "Living Wage" and simultaneously says, $26.75/hour is not a "Living Wage."

When you learn to believe what your government says regarding income and Welfare Benefits, perhaps you'll actually gain an understanding.


Quote:
Originally Posted by Storm Eagle View Post
Min wage used to be a starting wage....
No, not true. That is totally false.

When I have the time, maybe I can research and trace back the origin of that propaganda.

Quote:
Originally Posted by Storm Eagle View Post
....then factory jobs disappeared...
But, of course!

That was always part of the program. That's how the Laws of Economics work.

That has been known for decades. Why didn't you elect politicians who would exercise foresight?

Why did you continually elect politicians that violated the US Constitution?

The US progressed from a ZERO Level Economy, to a 1st Level Economy, then the 2nd Level, you hit the 3rd Level in the late 1940s, and then the 4th Level in the 1970s.

You should have moved into the 5th Level Economy in the mid-1990s (or perhaps at the start of the 21st Century).

You failed.

Your flawed ideology and selfish ignorance brought this upon yourself. Take your medicine like an adult.

The 5th Level Economy has no need for MBAs.

The 5th Level Economy has no need for people majoring in "The Contributions of Homosexuals to 12th Century Byzantine Cuisine."

You need people like you had in the 50s and early 60s -- engineers, chemical engineers, petro-chemical engineers, geologists, physicists, biologists, botanists --- except on steroids and 1000x smarter.

If you want to live in a commune greasing pigs because it's the only way you can afford internet service, then continue what you're doing.

Quote:
Originally Posted by Storm Eagle View Post
I will not argue with you that raising the min wage makes prices go up but show me just how high the prices go because this belief that prices will soar with min wage increase is not something I believe to be true.
Not surprising, since you don't even believe your own government.

Straw Man
Your reasoning contains the straw man fallacy whenever you attribute an easily refuted position to your opponent, one that the opponent wouldn’t endorse, and then proceed to attack the easily refuted position (the straw man) believing you have undermined the opponent’s actual position. If the misrepresentation is on purpose, then the straw man fallacy is caused by lying.

No one said "prices will soar."

Demand-pull Inflation increases arithmetically, then geometrically, then exponentially, until such time as the Laws of Economics induce a phenomenon called "Demand Destruction."

You refused to develop States. You did everything in your power to keep them from advancing beyond a ZERO Level Economy.

Now you're angry, because BRICS is gallivanting around the globe engaging in the Christian-style nation-building that you should have been doing for the last 116 years --- no, selling HAWK missile to a county is not "nation-building," sorry, wrong answer.

If you have issues with that, then your ideology is fatally flawed.

Anyway, BRICS is moving those foreign States from ZERO Level Economies to 1st Level Economies and beyond, and as this process occurs, the demand for commodities increase.

You will be experiencing Demand-pull Inflation for the rest of your natural life, so you had best get used to it.

You have to two -- and only two -- options:

1] Stop consuming (reducing Demand); or

2] Increase Supply

Raising wages does not stop consumption; and it does not increase Supply.

If you cannot figure that out, there's no hope for you.

Quote:
Originally Posted by Storm Eagle View Post
The reason is that someone working full time job should be paid enough to support themselves...
Is-Ought
The is-ought fallacy occurs when a conclusion expressing what ought to be so is inferred from premises expressing only what is so, in which it is supposed that no implicit or explicit ought-premises are needed.

That is not why wages or jobs exist.

Quote:
Originally Posted by Storm Eagle View Post
Businesses employ people who need the job to survive so yes they do have a responsibility to provide enough for people to live on.
No, they do not.

When a business is losing money, it must take actions to reverse its situation. Such actions might include selling off the unprofitbale parts of the business (assuming that's even possible), or firing employees, cutting benefits, or taking other measures.

Households must do exactly the same.

Stop wasting money on disposable items. Stop eating out 35x a week....you're not entitled to fast-food. Start shopping at thrift stores.....you're not entitled to Coogi or Bebe. Start networking and trading clothes with other families -- yeah, hand-me-downs......I lived....I survived....I didn't get cooties....you're not entitled to "new" anything. If you cannot afford beer, then you abstain from beer, or you get a second job to buy beer, you don't lie and claim you cannot feed your family and then steal my money to buy beer. Unload your car so you don't have a car-note, and then pay cash for a used car....you're not entitled to a new car.

Like these single people who earn $26.75/hour and steal my tax dollars to pay for their rent, they need to share an apartment with another person, because no one is entitled to their own personal private castle.

And you have still refused to answer such a simple question....


Mircea
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Old 10-27-2014, 04:06 PM
 
7,359 posts, read 5,460,918 times
Reputation: 3142
Quote:
Originally Posted by ringwise View Post
Gotta love the people that have forgotten we live in a free country. A country where you have the choice to work or not, to improve your skills or not, or move to another country where you think it's OK for the government to control every aspect of its citizen's lives.

You don't "believe" prices will increase? How could they not. Where will that money come from to pay for the increase in wages?
It will come out of the profits of the company and the salaries of upper management. That's what the liberals think will happen.

It's just like Obamacare. If you recall, after passing Obamacare and people losing their insurance, the liberals blamed the insurance companies. They said that the insurance companies used Obamacare as an excuse to cancel policies. Nevermind that this makes absolutely no logical sense, since nobody forced those insurance companies to issue those policies in the first place. They could have cancelled them at any time.

It's just another example of how liberalism is a philosophy based on emotion rather than intellect. Since the companies are making enough profit to afford paying higher wages, the liberal just assumes they can pass a law to require higher wages the companies will happily cut their profit margins. Just as they assumed if they passed a law requiring a ton of extra stuff to be covered in health insurance, the insurance companies would happily add all that extra coverage in to existing policies at existing prices.

Liberals don't think with their heads. If they think something "should" happen, then that's fine with them. There is no consideration for what the actual real world consequences will be. They don't think that voter fraud is a problem, so there's no need to check ID. They didn't think that terrorists would continue being terrorists if America got out of the Middle East, so they left Iraq wide open for ISIS. They thought that a trillion dollar stimulus would create a bunch of jobs, so they went ahead and did it. They just assume that whatever they'd like the outcome to be, that's what the outcome will be. If they think it's fair for the CEO to take a pay cut to pay extra money to the employees, they'll just go ahead and pass a law requiring employees to be paid more and assume the CEO will go along with it instead of raising prices or reducing staff to maintain profits.
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