People that want to raise the minimum wage rate don't understand that besides the inflationary consequences, what will end up happening is that those jobs will gradually be squeezed out of the system.
I wonder how many people have thought about why it is that the Dow is setting records at all times yet the (reported) unemployment rate is still over 6% - which in the past would have been considered a sign of a recession? In fact, the unemployment rate for April of 6.3%, which is by far the low mark of the Obama administration, is equal to the highest rate in the Dubya administration from the time of taking over through October of 2008 when on his way out of the office and I'm pretty sure everybody in the world knew that Obama was taking over.
How can the market be so good yet the unemployment rates so poor?
And people continue to believe the myth that the Democrats are the ones that are so worried about the poor and the Republicans the ones who only care about profits.
FMFYFE
You're whooshing yourself if you really believe any of the dog shit you've just scraped off the bottom of your shoe and put into words. Lets take apart this shit one step at a time.
1.) To begin with, you're a dunce if you think the true unemployment rate is 6.3%. The reality is closer to 20%. But if you want to believe the facts and figures of an administration that's headed by Pinnochio himself, you have the freedom to be a fucktard.
2.) The stock market doesn't reflect the economic reality that US is doing shitty right now. It reflects speculation. HTH. If that's not enough for you, take a look at the oil markets. It's no longer controlled by supply and demand, but by speculation.
3.) Jobs won't be lost by increasing wages. You'll get more competition and more skilled player by raising wages. Also, do you really think the oligarchs that control the corporations haven't already pared down their use of labor to the minimum already to achieve maximum efficiency? For an extra penny a year they'd gladly axe 1000 employees. They can't do this because they've already squeezed the efficiency grapefruit as much as it can be squeezed.
4.) If none of this makes sense to you, buy a plane ticket to Southern California ASAP and walk directly into the nearest forest fire you can find.
1) yes, unemployment is much higher than 6.3%. howdoes that help the case for $15 a hour?
2) The stock market has been fueled by QE, not so much speculation. The Internet bubble was more of a speculative run up, this is not. It's funny because as the POTUS goes on about income disparity, this is the single most driver of income disparity today. The fed pumping billions a month into Wall Street isn't helping the middle class and Wall Street is profiting. Thanks Obama! (And yes, speculation in oil is distorting the oil market)
3) This point is Fucktarded. Your basically saying we have made all the possible advances in technology there could every be and there is no way labor could be replaced further. Lol. Ok. You're saying Labor is now completely inelastic so the price will not affect the demand curve because we simply have maxed out our efficiency? That's a good one. Might want to step back from this thread and get some perspective. Or maybe spend sometime learning some basics of economics.
4. " is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." -Murray Rothbard.
Good day sir!
Thanks for saving me the time to reply to such a fucktarded post.
Switzerland has no military spending and are the money launderer to the world. They can fuckingly afford paying ungodly wages to burger flippers with the vig on all the dirty money flowing through their vaults.
People that want to raise the minimum wage rate don't understand that besides the inflationary consequences, what will end up happening is that those jobs will gradually be squeezed out of the system.
I wonder how many people have thought about why it is that the Dow is setting records at all times yet the (reported) unemployment rate is still over 6% - which in the past would have been considered a sign of a recession? In fact, the unemployment rate for April of 6.3%, which is by far the low mark of the Obama administration, is equal to the highest rate in the Dubya administration from the time of taking over through October of 2008 when on his way out of the office and I'm pretty sure everybody in the world knew that Obama was taking over.
How can the market be so good yet the unemployment rates so poor?
And people continue to believe the myth that the Democrats are the ones that are so worried about the poor and the Republicans the ones who only care about profits.
FMFYFE
You're whooshing yourself if you really believe any of the dog shit you've just scraped off the bottom of your shoe and put into words. Lets take apart this shit one step at a time.
1.) To begin with, you're a dunce if you think the true unemployment rate is 6.3%. The reality is closer to 20%. But if you want to believe the facts and figures of an administration that's headed by Pinnochio himself, you have the freedom to be a fucktard.
2.) The stock market doesn't reflect the economic reality that US is doing shitty right now. It reflects speculation. HTH. If that's not enough for you, take a look at the oil markets. It's no longer controlled by supply and demand, but by speculation.
3.) Jobs won't be lost by increasing wages. You'll get more competition and more skilled player by raising wages. Also, do you really think the oligarchs that control the corporations haven't already pared down their use of labor to the minimum already to achieve maximum efficiency? For an extra penny a year they'd gladly axe 1000 employees. They can't do this because they've already squeezed the efficiency grapefruit as much as it can be squeezed.
4.) If none of this makes sense to you, buy a plane ticket to Southern California ASAP and walk directly into the nearest forest fire you can find.
1) yes, unemployment is much higher than 6.3%. howdoes that help the case for $15 a hour?
2) The stock market has been fueled by QE, not so much speculation. The Internet bubble was more of a speculative run up, this is not. It's funny because as the POTUS goes on about income disparity, this is the single most driver of income disparity today. The fed pumping billions a month into Wall Street isn't helping the middle class and Wall Street is profiting. Thanks Obama! (And yes, speculation in oil is distorting the oil market)
3) This point is Fucktarded. Your basically saying we have made all the possible advances in technology there could every be and there is no way labor could be replaced further. Lol. Ok. You're saying Labor is now completely inelastic so the price will not affect the demand curve because we simply have maxed out our efficiency? That's a good one. Might want to step back from this thread and get some perspective. Or maybe spend sometime learning some basics of economics.
4. " is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." -Murray Rothbard.
Good day sir!
This post had a long life. Especially the part about QE. Glad all this shit was fixed in January 2017.
I'm just glad $15 an hour minimum wage cratered jobs in Seattle.
Comments
I'm just glad $15 an hour minimum wage cratered jobs in Seattle.