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the market speaks on $15 an hour

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  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    priapism said:

    Teachers make $80K in New York, productivity appears up:

    nydailynews.com/new-york/queens/queens-gym-teacher-raped-16-year-old-wrestler-school-prosecutors-article-1.1815445

    http://www.youtube.com/watch?v=uYwzg_WrZqM
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  • PurpleJ
    PurpleJ Member Posts: 37,773
    So wait....You're saying that even though we gave people more money, we aren't really getting more money because we aren't producing more? That makes no sense!
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  • CuntWaffle
    CuntWaffle Member Posts: 22,500
    People should only have to work 4 hours and be paid for 8. I read some article about how Europe is a way better place because of free time and stuff.
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  • PurpleJ
    PurpleJ Member Posts: 37,773
    Europe rules, because you can get addicted to smack and get it for free from the government for the rest of your life. What a great place!
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  • priapism
    priapism Member Posts: 2,384
    EVERY ounce counts when you're trying to make weight. She really seemed to care and put more effort into her work.
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  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    Mad_Son said:

    The idea behind a higher minimum wage is that the money will come out of corporate profits and executive salaries.

    Executives didn't become executives by allowing workers to be fairly compensated and letting profits fall. That is a downside to reality.

    Needed to balance D2D's, Mike Damone's and CuntWaffle's FS economic propaganda spooge.
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  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    MikeDamone said:

    CuntWaffle said:

    I just dont know why they stopped at 15.... Should just go to 50. More money equals a better economy and happier people. Fact.

    I've had that conversation. They use a false argument that more money for people to spend will be multiplied and help the economy. It's false because productivity has not changed and they may be taking money that could be used for capital investment may be taking money meant to put that new swimming pool in your CEO's private jet.
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  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    edited June 2014
    CuntWaffle said:

    People should only have to work 4 hours and be paid for 8. I read some article about how Europe is a way better place because of free time and stuff.

    .
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  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680
    dnc said:

    MikeDamone said:

    They think they are helping the workers making $9.50 an hour and what will happen will all of those people will simply make more. The reality is some off them might, but at $15 the labor supply will grow and there will be more competition for those jobs. The pool people will be better educated, better communication skills (I.e. They speak English) and will take the jobs from those that this is meant to help. They are essentially making it against the law for people who are worth $9.50 to have a job.

    Also, demand for labor in that sector will decrease, further squeezing them out. I LOLd at the guy holding the sign demanding a $15 wage...it was in Spanish. He was basically asking the council to outlaw his ability to work.

    To the degree that any of this affects the economy is related to how close the wage is to equilibrium. In the past I suspect minimum wage was close to equilibrium and the increases in the wage we small so the affect wasn't dramatic. This increase seems much larger is the affects could be more pronounced.

    Seattle also has a fairly strong economy that can absorb some of this, but I think the bottom line is a bot of people who think they are getting a raise will get a big fat zero.

    Line

    Leave Mrs Blitzkrieg out of this.
    Pictures of Mrs. Blitzkrieg's big fat zero or get the fuck out.
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