LOL...They should raise the minimum wage to $50

jrjarrell4

these people don't understand the thrill of not being able to buy groceries. #HiRace

section8

MikeDamone said:

PurpleJ said:

Are wage and price levels related or something?

No,in fact, it would be nice if the suppliers required to charge more. If McDonald's paid more for buns, then the bun people would have more money to spend. If they paid the meat people more, then just imagine how great that would because because the meat people would be spending more and consuming more. And the lettuce and onion people. Don't leave them out.

The whole argument is flawed at its core. Fucking Econ 101. The market will set the rate for a fair wage for the skill. Simple fact.

Read the other day that McDonalds Australia pays closer to $13-$14 an hour. For this, employees have to work harder and more is expected of them. Also fewer jobs overall but those who have them tend to keep them for longer.

TierbsHsotBoobs

dnc said:

I'm against unemployment but for poverty

When did LA Coug hack your account?

Swaye

Do I have to break out trickle down economic theories mother fuckers? Well, do I?

dnc

Finally got around to reading the article. Holy crap. I didn't think even Seattle was that stupid. Enjoy the highest cost of living in the nation.

MikeDamone

Krugman should DIAFF. Seriously.

MikeDamone

section8 said:

MikeDamone said:

PurpleJ said:

Are wage and price levels related or something?

No,in fact, it would be nice if the suppliers required to charge more. If McDonald's paid more for buns, then the bun people would have more money to spend. If they paid the meat people more, then just imagine how great that would because because the meat people would be spending more and consuming more. And the lettuce and onion people. Don't leave them out.

The whole argument is flawed at its core. Fucking Econ 101. The market will set the rate for a fair wage for the skill. Simple fact.

Read the other day that McDonalds Australia pays closer to $13-$14 an hour. For this, employees have to work harder and more is expected of them. Also fewer jobs overall but those who have them tend to keep them for longer.

So they made the pay and skills line up? Brilliant.

That reminds me of teachers bitching about how much they make. They think if they make more, nothing will change other than them getting more to do the same work...au contraire mon frere (Hi Derek!) If wages for teachers increase, a more qualified pool of teachers will emerge, and many of those demanding higher pay won't only not get paid more, they won't have a job.

Let's face it, getting a teaching degree isn't the most difficult thing to do, and as such, the pay equals the skill level and available labor pool. The unions do their best to keep things "fair" so the best teachers aren't rewarded for their skills. Teaching is best left to those who have a passion for teaching, not for those who are angry that they don't make the same wages as someone in industry. And the union (any public union) should DIAFF.

HeretoBeatmyChest

MikeDamone said:

Krugman should DIAFF. Seriously.

Paul Krugman is a political hack masquerading as an economist.

MikeDamone

HeretoBeatmyChest said:

MikeDamone said:

Krugman should DIAFF. Seriously.

Paul Krugman is a political hack masquerading as a BAD economist.

HeretoBeatmyChest

MikeDamone said:

HeretoBeatmyChest said:

MikeDamone said:

Krugman should DIAFF. Seriously.

Paul Krugman is a political hack masquerading as a BAD economist.

Yep and Paul McCulley (mentioned in the original quote) is total piece of shit collectivist douchebag. In summer 2008 he was screaming all over CNBC and Bloomberg about how the Fed & Gov had to backstop the system by buying all the worthless mortgages- that Pimco happened to owns tons of.