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Its really pretty simple. I'll try to formulize this.
Degree in the soft disciplines*Eggroll Envy=Wrong Conclusions*Misguided Programs/Ruling Complex=The Last Six Years
Feeling VS Thinking
Oh, and one more thing. Lowes customer service robots. When labor costs reach a certain point; the point at which the cost of labor is more than the value the labor produces, the labor is subject to replacement by less expensive automation. Even simpler.
Quote:
Originally Posted by nononsenseguy
This couldn't be more clear, and I can't understand why liberals (the Occupiers) who demand an increase in the minimum wage are not smart enough to figure this out.
One of the hallmark characteristics of right-wing perspective is the dumbing down of all issues to insulate themselves from having to deal with the truth that reality is not as clear-cut and as simplistic as their avaricious and self-centered attitudes would wish them to be. For that reason, right-wingers are seemingly incapable of understanding how something they look at with their tunnel-vision fully engaged, i.e., the reality of supply and demand, must be viewed as one of many facets of the situation for which they're attempting to pretend to be intelligent and proactive. They work hard to dodge the fact that these different aspects, especially aspects that are higher in priority than petty concerns such as money, such as human decency and the responsibility of a society to its most vulnerable members, that ruin their egoistic narrative. This is why, incidentally, right-wing perspective favors regressive policy so much. It is a reflection of how that perspective favors the more puerile nature, barbarism, callous disregard for others, self-centeredness, and why it cannot abide the trappings of civilization, such as society, government, the general welfare, etc.
"to insulate themselves from having to deal with the truth that reality is not as clear-cut and as simplistic as their avaricious and self-centered attitudes would wish them to be"
Coming from you , this is Hilarius because it describe you and other liberal to a T.
OK that is not a bad point. I have always said that CEO's (and senior execs in general) abuse the democracy-based system of publicly traded companies (every stockholder has a vote) to vacuum money into their pockets, much as US congress critters do. They use and abuse the low-info voter; it's all a rigged game.
But how does this relate to the tobacco tax or the low wage worker? Both face a downward sloping demand curve for what they sell. If someone if Washington DC boosts the price, the quantity demanded by the market goes down.
11 pages, and no one has explained to me why libs excitedly embrace the idea of a downward-sloping demand curve in the case of tobacco taxes, but reject it in the case of the minimum wage.
Reposting my earlier reply.
Now draw a demand line parallel and to the right of the original demand line. This new demand line represents the demand for labor which is the result of increased consumption driven by labors increased wages.
Yes I believe in supply and demand, but economic models, although built on simple concepts, are way more complex than can be covered in a 2 minute video.
This couldn't be more clear, and I can't understand why liberals (the Occupiers) who demand an increase in the minimum wage are not smart enough to figure this out.
It doesn't represent the totality of what happens when the minimum wage is increased.
The thing about Mr. Run On sentence is his handlers send him email with snippets of info. He cuts and pastes them into a response.
Having dealt with him in a thread where he TRIED to debate, it quickly became apparent, he has no thought-through ideas or arguments. They're just bomb-throwing ad hominem attacks, bascially accusing anyone who disagrees of being "selfish", "self centered", "egoistic" or other character assassination type accusations.
His argument is always the same - "you are defective for not being elite like me".
You can engage him, if you wish, but you will NEVER get any reasoned argument from him.
OK that is not a bad point. I have always said that CEO's (and senior execs in general) abuse the democracy-based system of publicly traded companies (every stockholder has a vote) to vacuum money into their pockets, much as US congress critters do. They use and abuse the low-info voter; it's all a rigged game.
But how does this relate to the tobacco tax or the low wage worker? Both face a downward sloping demand curve for what they sell. If someone if Washington DC boosts the price, the quantity demanded by the market goes down.
11 pages, and no one has explained to me why libs excitedly embrace the idea of a downward-sloping demand curve in the case of tobacco taxes, but reject it in the case of the minimum wage.
Ok, consider a more general case: cap all salaries of high paying jobs at $300k/year, then we'll have tons more high-paying jobs. According to your proposed demand curve, would this work?
Ok, consider a more general case: cap all salaries of high paying jobs at $300k/year, then we'll have tons more high-paying jobs. According to your proposed demand curve, would this work?
Define "high paying jobs".
BTW, once you "cap" the price of something, its supply decreases.
11 pages, and no one has explained to me why libs excitedly embrace the idea of a downward-sloping demand curve in the case of tobacco taxes, but reject it in the case of the minimum wage.
Because they believe that laws of supply and demand are countermanded by wishing on unicorns and rainbows.
As a Democrat and supporter of capitalism, of course I accept the law of supply and demand. That is why cutting programs that reduce the purchasing and spending power of the poor and middle class is a dumb idea. That is why raising the minimum wage is a good idea. That is why having a progressive tax system that taxes the wealthy more to pay for infrastructure, social welfare programs, public education, and public investments in general is a good idea and supports the economy. Why is that so hard for right-wing conservatives to understand?
BTW, once you "cap" the price of something, its supply decreases.
Nobody would be willing to take a job making $300k/yr?
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