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Old 02-21-2015, 03:04 PM
 
3,792 posts, read 2,366,976 times
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Quote:
Originally Posted by pknopp View Post
Deja Vu.
all over again
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Old 02-21-2015, 07:13 PM
 
Location: Jacksonville, FL
11,054 posts, read 10,615,153 times
Reputation: 9687
Quote:
Originally Posted by ContrarianEcon View Post
Propaganda.
And disinformation.

The minimum wage being raised benefits all.

Even those at the top. They just don't like it. And they don't like the way it benefits them.
Exactly how does devaluing the dollar benefit us all? I'm dying to know.
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Old 02-21-2015, 07:30 PM
 
Location: it depends
6,369 posts, read 6,379,703 times
Reputation: 6388
Pretending that an hour of labor is worth more all of a sudden is not the same as an hour of labor actually being worth more.

There used to be 500,000 UAW members working for the Big Three. They were paid more than double the value of their labor. It wasn't sustainable.

There used to be union-paid supermarkets in many more parts of the country, but the above-market labor costs were not sustainable and the stores closed or were sold.

There used to be overpaid and feather-bedded union employees of Hostess, not longer. It was not sustainable.

Here's a fact that many ignore: when you raise the cost of anything, then less of it gets used. Double the price of butter, see what happens to sales volumes. Double the cost of labor, see what happens to the number of jobs available.

The only thing the minimum wage is good for is making progressives feel good about how noble and caring they are about those less fortunate. Meanwhile, "those less fortunate" are losing their jobs because of your policies. If you really cared about your fellow human being, you would stop criminalizing the sale of low-skill labor, and start encouraging people to be of greater value to the rest of society. Instead you take the self-indulgent course of destructive policies that make you feel good but impoverish others.
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Old 02-21-2015, 09:43 PM
 
Location: Portland, Oregon
46,001 posts, read 35,001,409 times
Reputation: 7875
Well that is settled, put minimum wage at $2/hr and put all those people on welfare programs to subsidize all those "struggling" businesses so that we can have more people working for poverty wages.
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Old 02-21-2015, 11:41 PM
 
9,470 posts, read 6,936,525 times
Reputation: 2177
The minimum wage is the means of ending all jobs not worth that much in value. So, you want every employment opportunity not worth that much to end?

Or is it that you want to ensure that the vast majority of people who have no degree or "high skill" job will be forever unemployable?

Which is it?
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Old 02-21-2015, 11:54 PM
 
Location: Palo Alto
12,149 posts, read 8,377,683 times
Reputation: 4188
If the market value of labor was $2 an hour then butter would be $0.10 a pound and bread would cost a quarter. In a true dynamic economy there are buyers and sellers at equilibrium.

If you really are against Wall Street and big corporations ask yourself why the democrats argue for higher wages. Think like a macro economist and not a stupid lemming or shill.
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Old 02-22-2015, 12:16 AM
 
Location: Portland, Oregon
46,001 posts, read 35,001,409 times
Reputation: 7875
Quote:
Originally Posted by TrapperJohn View Post
If the market value of labor was $2 an hour then butter would be $0.10 a pound and bread would cost a quarter. In a true dynamic economy there are buyers and sellers at equilibrium.

If you really are against Wall Street and big corporations ask yourself why the democrats argue for higher wages. Think like a macro economist and not a stupid lemming or shill.
Making minimum wage reduce to $2/hr isn't going to make bread cost a quarter. If this were true, the cost of bread should not have gone up in price any in the past 6 years. The reality is the cost of bread has gone up over that time period.
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Old 02-22-2015, 12:19 AM
 
Location: NJ
18,665 posts, read 19,895,202 times
Reputation: 7313
Amen, marcopolo.
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Old 02-22-2015, 12:28 AM
 
1,825 posts, read 1,412,665 times
Reputation: 540
I seriously doubt astroturfing a forum is an effective use of resources for an issue campaign relative to paying people to knock doors and call people on the telephone. Particularly in a forum with no primary geographic center other then the whole US.

With that said I have to laugh when I see or hear all of the economic arguments being made about minimum wage. The simple fact is the minimum wage really isn't an economic issue so much as a political one. You can argue all the macro-economics of its impacts you want, but when it comes down to it that really doesn't matter so much. Simply put there are a lot of people out there making minimum wage or close to it and many see it as something tangible they can vote for to improve their lives and you can argue until your blue in the face about value of labor and inflation, but it won't count for much.

Last edited by Egbert; 02-22-2015 at 12:45 AM..
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Old 02-22-2015, 05:36 AM
 
Location: Houston
26,979 posts, read 15,794,954 times
Reputation: 11259
Quote:
Originally Posted by urbanlife78 View Post
Well that is settled, put minimum wage at $2/hr and put all those people on welfare programs to subsidize all those "struggling" businesses so that we can have more people working for poverty wages.

If the minimum wage was zero do you think businesses paying that would find workers?
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