LOL...They should raise the minimum wage to $50
now.msn.com/seattle-pushes-to-raise-minimum-wage
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Everyone should have an equal chance to live in Medina
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"Advocates argue that the higher minimum wage would benefit the city's economy by creating demand."
This the the perfect example that demonstrates the level of thinking and understanding of economics that people from this group have.
The robots and I are going to have a big belly laugh at how low skilled, young, or inexperienced workers are trying to price themselves out of the market -
ffs, as if there isn't enough outsourcing already in this collapsing empire of a country
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Mensa crowd running the show there.
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I pledge to lead a boycott of all Seattle area small businesses that don't buy in. Reminds me of the bumper sitcker I saw the other day: People > Profits.MikeDamone said:I do they expect people to afford a $300k home on $15 an hour?
now.msn.com/seattle-pushes-to-raise-minimum-wage -
Bravo. Media room and racist all in one poast. You are putting in work.Houhusky said:"Advocates argue that the higher minimum wage would benefit the city's economy by creating demand."
This the the perfect example that demonstrates the level of thinking and understanding of economics that people from this group have.
The robots and I are going to have a big belly laugh at how low skilled, young, or inexperienced workers are trying to price themselves out of the market -
People > Profits is what poor people, migrant workers, wealthy but guilty whites and hippies say to each other at Occupy meetings to feel better about themselves.RaccoonHarry said:
I pledge to lead a boycott of all Seattle area small businesses that don't buy in. Reminds me of the bumper sitcker I saw the other day: People > Profits.MikeDamone said:I do they expect people to afford a $300k home on $15 an hour?
now.msn.com/seattle-pushes-to-raise-minimum-wage -
Enjoy tipping the waitress that's making more money than you.
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Yeah, a a strip club but she's working her way through law school
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A few things:
- The minimum wage (adjusted for inflation) was much higher in the 60s and 70s. The economy did not collapse as a result.
- Australia's is about 16 USD per hr., and their unemployment rate is 5.6 percent. What's the US rate? 7.8 or something?
I'm not advocating for some abrupt 50% hike on January 1st 2014. That Would hurt small businesses. But the general "any raise in the minimum wage will kill 3 million jobs and ruin the economy!!!!" nonsense is brought to you by many of the same people whose risky, wreckless behavior gave us the great recession (and subsequent bailouts) so I don't really listen anymore. -
The austailan unemployment rate is a myth. It's been explained many times. It's all in how you count an employed person.
news.com.au/national-news/true-unemployment-at-13-per-cent-australian-bureau-of-statistics-reveals/story-fncynjr2-1226677298922
I like to think the demand curve doesn't apply to labor, that's what I like to do. -
Are wage and price levels related or something?
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This also ignores the fact that nearly everything in australia is fucking expensive. Like a lot more expensive.MikeDamone said:The austailan unemployment rate is a myth. It's been explained many times. It's all in how you count an employed person.
news.com.au/national-news/true-unemployment-at-13-per-cent-australian-bureau-of-statistics-reveals/story-fncynjr2-1226677298922
I like to think the demand curve doesn't apply to labor, that's what I like to do.
query for those in the know, what would happen if you removed the price floor that is minimum wage completely? -
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.PurpleJ said:Are wage and price levels related or something?
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.
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Yes, the same people that brought us the recession, the fucking government regulatorsFire_Marshall_Bill said:A few things:
- The minimum wage (adjusted for inflation) was much higher in the 60s and 70s. The economy did not collapse as a result.
- Australia's is about 16 USD per hr., and their unemployment rate is 5.6 percent. What's the US rate? 7.8 or something?
I'm not advocating for some abrupt 50% hike on January 1st 2014. That Would hurt small businesses. But the general "any raise in the minimum wage will kill 3 million jobs and ruin the economy!!!!" nonsense is brought to you by many of the same people whose risky, wreckless behavior gave us the great recession (and subsequent bailouts) so I don't really listen anymore.
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I think everyone should have more money and there should be no more inflation.
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Of course it didn't noticably hurt the economy...because min wage at its current level (or even the level of the 70's) is such a minor factor that all the other factors that go into a healthy economy outway the min wage effect. In general min wage has very little effect on the economy (unless you raised it to $100/hr or something extreme like that). The problem is where the burden of proof lies. The default should be no action (ie no min wage) unless someone can prove it has lasting long term positive effect on the economy. Of course no one can prove that, so it shouldn't be done. Way too much noise in the data to get any definite conclusion.Fire_Marshall_Bill said:A few things:
- The minimum wage (adjusted for inflation) was much higher in the 60s and 70s. The economy did not collapse as a result.
- Australia's is about 16 USD per hr., and their unemployment rate is 5.6 percent. What's the US rate? 7.8 or something?
I'm not advocating for some abrupt 50% hike on January 1st 2014. That Would hurt small businesses. But the general "any raise in the minimum wage will kill 3 million jobs and ruin the economy!!!!" nonsense is brought to you by many of the same people whose risky, wreckless behavior gave us the great recession (and subsequent bailouts) so I don't really listen anymore.
Why regulate companies when you could just have a negative income tax that is much simpler to administer? -
I'm for a living wage but against minimum wage workers
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I'm for people, but hate people.CFetters_Nacho_Lover said:I'm for a living wage but against minimum wage workers
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these people don't understand the thrill of not being able to buy groceries. #HiRace
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I'm against unemployment but for poverty
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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.MikeDamone said:
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.PurpleJ said:Are wage and price levels related or something?
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. -
When did LA Coug hack your account?dnc said:I'm against unemployment but for poverty
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Do I have to break out trickle down economic theories mother fuckers? Well, do I?
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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.
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Krugman should DIAFF. Seriously.
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So they made the pay and skills line up? Brilliant.section8 said:
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.MikeDamone said:
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.PurpleJ said:Are wage and price levels related or something?
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.
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. -
Paul Krugman is a political hack masquerading as an economist.MikeDamone said:Krugman should DIAFF. Seriously.
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HeretoBeatmyChest said:
Paul Krugman is a political hack masquerading as a BAD economist.MikeDamone said:Krugman should DIAFF. Seriously.
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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.MikeDamone said:HeretoBeatmyChest said:
Paul Krugman is a political hack masquerading as a BAD economist.MikeDamone said:Krugman should DIAFF. Seriously.
