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the market speaks on $15 an hour

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  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    edited June 2014

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    It depends on the job...Many earn more. And some jobs that earned a good wage in the 1970's no longer exist. And some jobs that didn't exist in the 1970's now do. Anyway..

    cep.lse.ac.uk/pubs/download/cp401.pdf

    online.wsj.com/news/articles/SB10001424127887323468604578249723138161566



    Nice work skirting the issue and not addressing his point. Are meat packers less valuable today than they were in the 70's? They aren't. So why are they getting fucked on their pay? Trickle Down Economics is just as big of a hoax as Marxist theory. Your views read like propaganda from the oligarchs. It always amuses me how some people so vociferously defend the right of the few to fuck the many, when they themselves are among the many.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited June 2014

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    It depends on the job...Many earn more. And some jobs that earned a good wage in the 1970's no longer exist. And some jobs that didn't exist in the 1970's now do. Anyway..

    cep.lse.ac.uk/pubs/download/cp401.pdf

    online.wsj.com/news/articles/SB10001424127887323468604578249723138161566



    Nice work skirting the issue and not addressing his point. Are meat packers less valuable today than they were in the 70's? They aren't. So why are they getting fucked on their pay? Trickle Down Economics is just as big of a hoax as Marxist theory. Your views read like propaganda from the oligarchs. It always amuses me how some people so vociferously defend the right of the few to fuck the many, when they themselves are among the many.
    Are meat packers worth less today? If what you say is true, then yes. If technology has reduced it to a low skill job that has allowed the supply of labor to expand, then necessarily the price of that labor will decrease. It's probably more complex than that, but I haven't looked into that specific industry in depth.

    What is Trickle down economics? It's not a theory you will find anywhere expect in leftist blogs and politicized propaganda pieces.

    I don't think you know what an oligarch is but if you've read anything I've written here you would know the oligarchy, crony capitalism, government special favors and tax breaks, and greedy corrupt government trying to legislate greedy corrupt corporations are things I consistently lash out out. But you can't see the forest for the trees, you make assumptions, mostly false and use tired leftist argument tactics and back up nothing with facts and but with things that you have "heard"

    I don't defend anyone to fuck anyone. That's not capitalism. No one has the right to cheat anyone.

    Do me a favor if you want to have these discussions. Instead of going off on angry tirades and using divisive inflammatory language, at least educate yourself in some very basic principles and then we can debate those. I challenge you to read these to things and tell me why they are wrong. Explain to me why what I wrote earlier in this thread using proven economic theory and models is wrong. I know you won't to it, but at least I tried.

    mises.org/books/economics_in_one_lesson_hazlitt.pdf

    mises.org/books/failureofneweconomics.pdf

    Good day sir!

  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    edited June 2014

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    It depends on the job...Many earn more. And some jobs that earned a good wage in the 1970's no longer exist. And some jobs that didn't exist in the 1970's now do. Anyway..

    cep.lse.ac.uk/pubs/download/cp401.pdf

    online.wsj.com/news/articles/SB10001424127887323468604578249723138161566



    Nice work skirting the issue and not addressing his point. Are meat packers less valuable today than they were in the 70's? They aren't. So why are they getting fucked on their pay? Trickle Down Economics is just as big of a hoax as Marxist theory. Your views read like propaganda from the oligarchs. It always amuses me how some people so vociferously defend the right of the few to fuck the many, when they themselves are among the many.
    Are meat packers worth less today? If what you say is true, then yes. If technology has reduced it to a low skill job that has allowed the supply of labor to expand, then necessarily the price of that labor will decrease. It's probably more complex than that, but I haven't looked into that specific industry in depth.

    What is Trickle down economics? It's not a theory you will find anywhere expect in leftist blogs and politicized propaganda pieces.

    I don't think you know what an oligarch is but if you've read anything I've written here you would know the oligarchy, crony capitalism, government special favors and tax breaks, and greedy corrupt government trying to legislate greedy corrupt corporations are things I consistently lash out out. But you can't see the forest for the trees, you make assumptions, mostly false and use tired leftist argument tactics and back up nothing with facts and but with things that you have "heard"

    I don't defend anyone to fuck anyone. That's not capitalism. No one has the right to cheat anyone.

    Do me a favor if you want to have these discussions. Instead of going off on angry tirades and using divisive inflammatory language, at least educate yourself in some very basic principles and then we can debate those. I challenge you to read these to things and tell me why they are wrong. Explain to me why what I wrote earlier in this thread using proven economic theory and models is wrong. I know you won't to it, but at least I tried.

    mises.org/books/economics_in_one_lesson_hazlitt.pdf

    mises.org/books/failureofneweconomics.pdf

    Good day sir!


    Well bro, since it's going to come down to reading 400 pages of economic philosophy or researching what strain of psilocybin cubensis I'm going to grow next, I'm going to go with the shrooms for now. Also I'm not angry. Not much sense in getting pissed about someone's different viewpoint. It would be rather boring if we all agreed on everything, wouldn't it?

    Haven't been here long enough to get the full gist of your philosophy in its entirety. Maybe you could start a thread a sum up what you feel are the most important points.
  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 26,146 Standard Supporter
    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    It's ridiculous how bad he presses with the multiple sn's and how slavishly the doogs defend him.
  • PurpleJ
    PurpleJ Member Posts: 37,773

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.
  • PurpleJ
    PurpleJ Member Posts: 37,773

    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.

    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.
    It's already been explained. Perhaps you should learn to read. The fruit pickers in Yakima laugh at our price floor on wages.
  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    PurpleJ said:

    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.

    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.
    It's already been explained. Perhaps you should learn to read. The fruit pickers in Yakima laugh at our price floor on wages.
    Do you pick the blueberries or the strawberries?
  • PurpleJ
    PurpleJ Member Posts: 37,773

    PurpleJ said:

    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.

    PurpleJ said:

    PurpleJ said:

    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.

    Workers ARE fairly compensated.... "Here is the job, this is what it pays, do you want to work here for that?"

    The problem is, the rocket washers want to be paid what the rocket scientists earn... after taking the job... but with fewer hours.
    Disagree

    Real wages for many jobs have decreased, adjusted for inflation, since the 70s.

    Ex: Meat packers (yeah, lol), or it might have been butchers earned $40,000/yr. in 2010 dollars in the 70s, now they earn $24,000. People didn't really notice until the Great Recession (I sure as hell didn't) because it was very gradual.

    Okay. What does that have anything to do with accepting the job based on what it pays?


    It's ironic you start talking about real wages and inflation, considering the topic we are on. What will this $15/hour do to raise real wages? Crickets?

    Good. Now shut the fuck up. You're almost as bad as OBK.

    I pointed out a misconception Poindexter. Now go change in to one of your 48 names
    You cited one job as an example. Do explain now how the $15 minimum wage will increase economic output and purchasing power, or shut the fuck up.
    Explain how it won't or shut the fuck up.
    It's already been explained. Perhaps you should learn to read. The fruit pickers in Yakima laugh at our price floor on wages.
    Do you pick the blueberries or the strawberries?
    Apples, actually.