RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts

RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (Full Version)

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ArizonaBossMan -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 5:26:18 PM)
what an insane idea. Where do these so called economists get their degrees? The local bar? An increase in the minimum wage makes hiring the very people who need a starter wage even MORE expensive. Geezus, leftists are ignorant. I'm sure O'dingdong favors this too. Weiner too.

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 7:35:09 PM)
quote: ORIGINAL: BamaD Lets see if I have this straight you run a small business. You are just hanging on because of the economy you pay 750 minimum wage. Government says you have to give everyone a dollar an hour raise. Can't raise prices because slow economy so the dollar plus your share of ss plus you share of medicare, plus increased unemployment payments all has to come out of your pocket but your pocket isn't that deep remember slow economy. So where does it come from.. Last guy you hired. In the real world if you have a business that can't make payroll you do not have a business. But: In your world you want your employees to eat shit so you can eat steak. If you are such a piss poor business man that you can't make money except by fucking your empolyees then go on welfare and make room for those who want to work for a living instead of being a motherfucking parasite

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:07:05 PM)
Perhaps you could tell us just where mr. moore has been less than accurate in his reporting? quote: ORIGINAL: brispslave Is that supposed to be funny? Try "Michael Moore Is a Big Fat Stupid White Man" for a whole book about his lies and hypocracy. So are saying that you can't cite one? But: If I read this book I might find one for you? Thanx for your thoughtful and considerate answer to my question.

servantforuse -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:08:21 PM)
Thompsonx, what do you think the minimum wage should be ?

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:12:04 PM)
quote: Uhhhh, once again. "Cant raise prices because slow economy" implies a very steep demand curve...like one that drops to 0. The oil companies don't seem to have any trouble raising their prices in a slow economy. The car companies don't seem to have any trouble raising their prices in a slow economy. The grocery stores don't seem to have any trouble raising their prices in a down economy. The restaurant chains don't seem to have any trouble raising their prices in a down economy. Why come?

Musicmystery -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:14:22 PM)
Because of inelastic demand.

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:18:06 PM)
quote: ORIGINAL: servantforuse Thompsonx, what do you think the minimum wage should be ? How bout we start at 20 bux an hour. At 20 bux an hour how many people would hire an illegal alien if they could get a citizen for the same 20 bux. If there were no sub minimum wage jobs for illegals do you think they might go back home? Wow, somewhere between 10 and 20 million new jobs for american citizens.

servantforuse -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:19:23 PM)
Thompsonx, what do you think the minimum wage should be ?

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:22:47 PM)
quote: ORIGINAL: Musicmystery Because of inelastic demand. Do you think it possible that when the price of fuel exceeds what a person can make by using it to go to work that the inelastic demand will become elastic?...ie: people stop buying fuel and start carpooling,using mass transit, alternate forms of transportation etc. Do you think it possible that when the price of meat become prohibitive that people will resort to more dogfood in their diet and the demand will become elsastic? Do you think it possible that when the price of eating out becomes prohibitive that only the rich will eat out and the demand will become elastic? Do you think it possible that when the price of new cars exceeds what people can pay that they will opt to fix their old car and the demand will become elastic?

Musicmystery -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:25:52 PM)
Congratulations. You've learned the difference between short term and long term. I do think that. But I think it's further out than people realize. Bitching doesn't equal action.

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:33:30 PM)
quote: ORIGINAL: Musicmystery Congratulations. You've learned the difference between short term and long term. Congratulations. You have learned how to be condescending...It is the long suit of the pseudo intellectual I do think that. But I think it's further out than people realize. Really...have you noticed a drop in the price of fuel lately? Down about .50 cents in the last month. Maybe it is closer than you might imagine? Bitching doesn't equal action.

Musicmystery -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:34:46 PM)
Begs the question. Have you noticed a reduction in consumption? Or plans to do so?

humiliationwhor1 -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:36:21 PM)
In reply to arizonabossman, you got it right lol. the fucking leftists think that the government creates jobs LMAO. the government stifles the creation of new jobs because of their regulations and taxes. The job of government is to make the policy that creates jobs in the private sector, but when the leader of the free world is an extremely sympathetic type to the supposed down trodden and want reparations for the "injuries" that business has done to them, the economy will continue to sink. the stimulus was in fact an anti stimulus. Everyone wants freedom. In particular, freedom from Big Government interfering in their lives.

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:39:24 PM)
quote: ORIGINAL: Musicmystery Begs the question. Have you noticed a reduction in consumption? Or plans to do so? Only in the anectdotal sense that I can now drive the speed limit on the freeways in southern california. I should think though that the price reductions might be an indication of decreased demand.

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/9/2011 8:47:30 PM)
quote: the government stifles the creation of new jobs because of their regulations and taxes. Just which regulations do you disagree with? The one that prohibits children from working in mines? The one that requires the employer to have restrooms for their employees? The one that requires employers to have fire extinguishers? The one that requires employers to pay their employees within a specified amount of time? Do you feel that business should be exempt from taxes?

humiliationwhor1 -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/10/2011 5:39:56 AM)
lol. no the ones that make it hard for business to operate like the one that has been proposed to tax cow farts December 07, 2008 EPA Proposal - Tax Cow Farts/Belches This is for real "The American Farm Bureau is strenuously opposing a U.S. EPA greenhouse gas proposal that would tax livestock producers for their animals’ emissions. AFB says it doesn’t even pass the smell test, let alone the straight face test. But EPA is considering steep fees based on animal emissions that Farm Bureau says would force many livestock producers out of business. American Farm Bureau lobbyist Rick Krause says it’s no laughing matter. “We’ve already heard from one of President-elect Obama’s senior environmental advisers that they intend to take up this regulation early next year, when they come in, Krause said. “The only saving grace that I think that we might have, in stalling this, is the state of the economy.” how do you like that one? just one of the many.

xssve -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/10/2011 7:13:32 AM)
quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: DarkSteven The theory is that raising the minimum wage would shift money from stockholder value (which the article calls corporate profits) to the wage earning classes. I have no issue with that. But that's a view that is focused on larger companies. The smaller companies would simply hire less (as conservatives usually say) or simply go under. They missed a step (based on reading your post only DS). Price increases. Shareholder value and companies going out of business would only happen if the demand curve is so steep that they cant recover all or most of the cost increase. So to a large extent the result would be inflation that hurts the minimum wage earners more than anyone. Not quite - it's why I mentioned the Kennedy tax cuts - inflation is much worse for lenders than borrowers: if a given unit of capital declines in value, then debt shrinks, as do projected profits on that debt - that's why inflation is a dirty word to the Federal Reserve, not because it hurts minimum wage earners - it erodes capital reserves and the value of outstanding debt. We're already in an inflationary period, it's just being masked by the war debt, same thing happened back in the Sixties, everybody blamed it on Carter, but we were already in the stagflationary spiral, inflation just became suddenly apparent once Nixon ended the Vietnam war. Consumers made out like bandits, because prices cannot be renegotiated after the sale, banks and lenders took a huge hit: supply side theory and Monetarism were introduced, with the single and only goal of keeping inflation under control, regardless of how much pain it caused in the consumer/debtor sector - it's been used to keep wages stagnant for 30 years. That's the lesson of the Kennedy tax cuts. But, conditions have changed: we no longer have a supply side/productivity problem, we have the exact opposite: commodification that offsets a tapering off demand curve - that isn't any better for producers, and the result has been, predictably - more corporate welfare on one side, social decline on the other. This outsourcing, cheap labor thing can't last forever, we're better off in the long run finding a reasonable equilibrium point now - not a popular option when the prevailing ethic is get it while the gettin's good. Adam Smith predicts all this BTW, financialization and regressive taxation = economic decline, it's practically axiomatic.

SternSkipper -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/10/2011 9:00:11 AM)
quote: Uhhhh, once again. "Cant raise prices because slow economy" implies a very steep demand curve...like one that drops to 0. Ya know, I've been around for at least 10 such increases in the minimum wage. And the threat is ALWAYS made by republicans that it will ruin the job market, increase inflation, and increase unemployment. THE FACTS are that none of those things happened in the past in any measurable way. Unless WillB and the AzNutjob are keeping top secret records and news articles that prove this has happened many times in the past (Don't think for one minute that the neo-cons wouldn't parade them out if they existed). And Willb... You should really try to figure out a way to get the fuck out of your more well-meaning posts... Cause his horseshit blathering just turns the whole thing into flizum flazzum as Bill Cosby used to say.

thompsonx -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/10/2011 9:12:59 AM)
quote: ORIGINAL: humiliationwhor1 lol. no the ones that make it hard for business to operate like the one that has been proposed to tax cow farts December 07, 2008 EPA Proposal - Tax Cow Farts/Belches This is for real "The American Farm Bureau is strenuously opposing a U.S. EPA greenhouse gas proposal that would tax livestock producers for their animals’ emissions. AFB says it doesn’t even pass the smell test, let alone the straight face test. But EPA is considering steep fees based on animal emissions that Farm Bureau says would force many livestock producers out of business. American Farm Bureau lobbyist Rick Krause says it’s no laughing matter. “We’ve already heard from one of President-elect Obama’s senior environmental advisers that they intend to take up this regulation early next year, when they come in, Krause said. “The only saving grace that I think that we might have, in stalling this, is the state of the economy.” how do you like that one? just one of the many. I asked you to tell me what regulation you would like to have repealed. You were unable to name one. On the other hand you would like to have something repealed that does not exist...may I have some of what you are smoking? BTW: Obama is not president-elect he has been the president for several years now.

Termyn8or -> RE: Minimum Wage Increase Would Help Sluggish Economy, Say Experts (6/10/2011 5:57:16 PM)
"Because of inelastic demand. " That which does not bend has a tendency to break. I believe it will break. T^T

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