mgeoffriau

iTrader: (7)

Holy ****, Sparetire, nobody is claiming that all or even most minimum wage workers are like that*. It's just an example, pointing out that the idea that every single worker is worth at least $10 an hour is absurd. Clearly there are workers who aren't worth $10 an hour.






*Yes, I know someone tacked on a comment about "more like 9 out of 10" or whatever. That's not the point of argument and neither strengthens nor weakens it.

18psi

iTrader: (76)

I threw that in for dramatic effect. Much like the $Billions statement

Savington

iTrader: (31)

18psi

iTrader: (76)

Read the posts after that before you get your panties all riled up at 9:17AM

Sparetire

Lived off Mill for a few years, the above is quoted for truth. A friend of mine went through ASU law at the time and he was definitely in the minority as a non-rich Hispanic who worked very hard and had his **** together. He now runs a practice and is generally kicking ***.

IDK about what school should cost, I don't have a position there. But ASU is home to a ton of very clueless fortunate kids. And incredibly hot women wearing almost nothing. Fun place, but I moved for a reason.

Savington

iTrader: (31)

http://ftp.iza.org/dp1072.pdf

Estimates put the inflationary effects of a 10% increase in minimum wage at somewhere around 0.4%. I struggle with the idea that a 0.4% increase in your cost of living would have forced you to "drop out of school and continue the rest of your life in the bottom bracket", as you might imagine.

False, economists (even the ones that disagree about its effects on unemployment) agree that it reduces poverty

Correlation is not causation

Sparetire

Lucky for me I have been off that train for some years now. I just have PTSD from a small collection of incredibly horrible jobs.

Actually it was 9:37 AM when my panties got twisted up thank you very much!

fooger03

iTrader: (2)

If we want to reduce the cost of welfare, increasing minimum wage isn't the answer. If we increase the minimum wage, the poverty line will soon increase. Not only will we be paying more for our walmart products, we'll still be paying as much in welfare.

If, however, we simply decreased the arbitrary number called the "poverty line", that would decrease our welfare costs immediately while also reducing the incentive for people to not work. All it takes is simply caring less about the comfort of people we generally don't know. I've got a great idea to offset the reduced income generated from welfare - people who receive less welfare than they "need" can find charities that other people voluntarily pay money into. That will quickly prove that we the people, don't care about our fellow man as much as the government tells us we should.

What happened to families taking care of each other when times are tough? If billy broke bob is my brother, then I might be willing to give him a few handouts, but only if I know he'll feel guilty taking those handouts from me, increasing his desire to support himself. If, however, billy broke bob is some guy I don't know who lives in Nevada, I shouldn't be forced to give him any of my money, and he doesn't give a hoot about the money that he does take from me. There is no emotional incentive for him to support himself.

supercooper

Thats because if EVERYONE is poor, then NOBODY is really poor, because there is nothing to compare to. lol jk

If everyone was short, there would be no such thing as tall people. :P


***** all of this nonsense... we need to go back to the barter system. it worked perfectly fine... if you contributed (skills, goods, labor) then you prospered, and got everything you needed to live.... if you didnt contribute, you died...

Im gonna become "the living man" from those videos. hahaha

Braineack

iTrader: (62)

what do the most impoverished nations all have in common?

ill give you a hint: it's not free-market capitalism.

supercooper

Tis true.... lol

nitrodann

Capitalism is a myth, just like free speech.

Can someone explain to me what 'living wage' actually means? because if you cant live on it, why are so many people living on it?

Dann

Braineack

iTrader: (62)

the greatest myth that almost ever was.

Joe Perez

iTrader: (8)

Ignoring the period around the great depression and WWII, I see a definite trend here wherein increases in the minimum wage tend to be followed by decreases in GDP. Specifically, I've circled in red the six places where we see this phenomenon, and in green the three areas where we see, so a lesser extent, the opposite phenomenon:







More importantly, however, it seems that proponents of minimum-wage increases believe that the economy is essentially static. They don't appear to appreciate that there is an observable link, in both directions, between wages and the cost of goods and services.

When the average wage is increased, then demand for things like housing, gasoline and prostitutes also increases. Since the supply of many products and services is not perfectly elastic, the price of these products and services will also rise. Within a few years, the CPI will equalize to a point at which a minimum-wage worker still can't afford to buy a nice condo in the suburbs, and the price of tea in China will remain unchanged.


And here is a picture of a duck juggling bacon while riding a unicycle:

Savington

iTrader: (31)

Twodoor

iTrader: (2)

This is called "not living in a city" (especially a city on the west coast, or the northern part of the east coast). Living on minimum wage is easily done in rural America, and the crime rate is negligible compared to any city.

If you want to live in a city where rent is $1500 a month for a zero bedroom efficiency apartment, then no you can't live on the current federal minimum wage. If you want to live in a city with a zero skill job, plan on having room mates.

Come to Rural Indiana! The climate is great, we have seasons but nothing horrible unless there is a polar vortex ******* things up. I have my own home on a 1 acre plot of land, a 1500 square foot house, a 1300 square foot shop, and on a 15 year fixed rate mortgage I am paying $400 a month. My property taxes are $360 this year. I could easily live on minimum wage here, and a "normal" job here pays between 8 and 10 an hour with fast food being minimum wage. I actually have a marketable skillset, so I make substantially more than this and thus live like a king.

Here is why minimum wage is silly... go to any home depot in southern California and you will see where the most liberal state in the Union exploits dark skinned people for under the table labor. Minimum wage is for spoiled white kids who "need" more spending money... not for the "working poor" who typically either work legally for more than minimum wage, or work illegally under the table at less than minimum wage.

Keith

Twodoor

iTrader: (2)

I hope this is just a really bad example... if not then asking your children what to do may explain why you can't pay your bills.

I saw the righting on the wall about manufacturing jobs in America in high school and chose to get into power generation and distribution via the navy nuclear power program. I now have the option of living anywhere in the country making good money. I am now reaping the benefits engendered by my required a 6 year commitment to service in our country's military, with a **** load of hard work at well under minimum wage.

Can everyone do what I did? Nope. Can everyone make some kind of plan and end up making better than minimum wage? Yup. Do I envy a CEO making millions a year? Nope. I could have followed that path and been very good at it, but I chose this path and am happy with my choices in life.

The biggest generator of poverty in the world is an unwrapped dick. If you **** out kids that you can't afford to feed then you are part of the problem, not part of the solution. Condoms can be had for free at a planned parenthood. Even if you have to buy them they are a hell of a lot cheaper than a kid.

Keith

sixshooter

iTrader: (12)

Quoted for truth.

Joe Perez

iTrader: (8)

So, a bit of an update.

As some may have heard, NYC is in the process of phasing in a $15 minimum wage for fast-food workers.

On Saturday morning, I found myself in midtown Manhattan, and decided to pop into Mickey-Ds for a quick breakfast. They recently installed three of these kiosks right at the entrance:





Ordering from the kiosk was fast, easy and intuitive. It didn't misinterpret what I told it, or offer me things I didn't want.

Braineack

iTrader: (62)

Why do you hate the people?!

Some ******* needs that $15 to raise his 15 kids.