What would happen to the economy if minimum wages are raised?

[Eloy]

Economists did not see the crash coming and cannot be trusted with predictions.

It is common sense that rapidly and drastically increasing the MW costs jobs.

only low end jobs. unemployment compensation simply for being unemployed can solve that problem.

Congratulations, you have unintentionally stumbled on a harsh reality about the MW. Raising it hurts the very people it is supposed to help, by destroying the low end jobs they need to get on the first rung of the job market. See, low end jobs are not intended to be long term. You are supposed to get in, get some experience and skills, then get raises and promotions to better jobs or leave to get a better one. Quite frankly, if you are still doing the same MW job after a few years, I have to wonder what you're doing wrong.

Your philosophy is both callous and out-of-touch with reality.

Exactly where? Can you give me an example of a MW job that is intended for someone to do for a lifetime?

In many economically depressed areas the only available jobs offer slave worker wages.

 

[Eloy]

Your understanding of economics is void of ethics.

Is this where I get the "... thy brother's keeper ... " speech?

i have a responsibility to my stockholders. Economics has no ethics.

Perhaps in America there is no place for ethics among the business class. You might be right there.

You think there is 'somewhere' that there is???

You are so seriously deluded.

Yes, where I live in the European Union, ethics and a sense of fairness underpins legislation for decent wages and working conditions.

LOL !!!!

Obviously, you don't deal with the same EU companies that I do. Cheating, lies, and bribes are the usual way of business.

You write calumnies.

 

[Toddsterpatriot]

No, they will not, and here is why.

1. They do hear from economists, and know that a MW raised that high that fast would kill the economy.
2. ANY MW that's supposed to be a "living wage" will end up simply chasing an ideal that can never be reached. First, jacking the MW increases inflation and within a short period of time erases any benefit. Secondly, those who got big raises and didn't lose their jobs and those who benefit politically from their votes will, in VERY short order, decide that whatever they set the MW to just isn't enough, and will insist on raising it yet again.
3. There is a significant number of people who would like to work and who would benefit from working, but don't need to be paid a lot to do so. Jacking the MW too high simply prices them out of the market, leaving them unemployed. You graduated from high school and want to start working? Great, just wait a few years until something opens up or enough experienced workers die to give you a spot.

Economists did not see the crash coming and cannot be trusted with predictions.

It is common sense that rapidly and drastically increasing the MW costs jobs.

Actually it is employer and commercial TV propaganda who care only about their own profits.

Okay, here's reality. Employers care about their profits, employees care about their paychecks and getting raises. Employers want to pay as little as possible for as much work as possible, and employees want to be paid as much as possible for as little work as possible. Now, how many new employees can a company hire and pay without profits?

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

Like Venezuela?

 

[danielpalos]

socialism eliminated capitalism's, boom and bust cycle.

You bet.

There is no boom and bust cycle in Venezuela.
Thank goodness for that.

we still have homelessness in the finest capital economy in the world.

shouldn't a command economy be able to command economize?

we still have homelessness in the finest capital economy in the world.

Yes we do. We don't force the mentally ill into institutions anymore.
What does that have to do with capitalism?

shouldn't a command economy be able to command economize?

Shouldn't a command economy be able to provide toilet paper?

not all homeless have mental problems, only capital problems that can easily be solved on an at-will basis.

yes, it should; only bad management prevents it.

not all homeless have mental problems,

Most do.

only capital problems that can easily be solved on an at-will basis.

You should give them your capital, you heartless bastard!

a natural rate of unemployment is just as effective as any mental health problem.

 

[danielpalos]

i think the rich have not enough use for their money and should be Taxed into Heaven.

Another thing you have not a clue about..they Dont get a pay check and we know to bad you would never see a dime of it if they were...


Hey danny boy how much of the 8 trillion dollars that Obama spent went into your back pocket?


Lol

.

nothing but propaganda and diversion by fiat? how credible is that.

Again fool its the same thing how much would you get if the rich were taxed to high heaven..the answer is zero..


You just want the satisfaction of the government stealing their money, nothing more nothing less.



.

a lack of equal protection of the law is stealing. only the right, never gets it.

a lack of equal protection of the law

Workers and non-workers have the same protections.

no, they don't.

 

[danielpalos]

And of course you want us to pay your tuition

you are already paying for a War on Poverty. Why not actually solve simple poverty.

Maybe you can explain to all of us uninitiated you propose to eliminate poverty.

This is going to be real interesting ... and revealing.

This kid really thinks there is a money tree.

i think the rich have not enough use for their money and should be Taxed into Heaven.

Got it. So,you want something you haven't earned, and have no intention of working for, simply because you're breathing, right? And, in order to get your deserved award, you're willing to steal it - with government permission - from someone who did earn it, right?

Got any idea just how egotistical that sounds?

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

 

[Spare_change]

Your understanding of economics is void of ethics.

Is this where I get the "... thy brother's keeper ... " speech?

i have a responsibility to my stockholders. Economics has no ethics.

Perhaps in America there is no place for ethics among the business class. You might be right there.

You think there is 'somewhere' that there is???

You are so seriously deluded.

Yes, where I live in the European Union, ethics and a sense of fairness underpins legislation for decent wages and working conditions.

LOL !!!!

Obviously, you don't deal with the same EU companies that I do. Cheating, lies, and bribes are the usual way of business.

Well, since I've dealt with them, the truth is the truth .... either you are oblivious, or you are intentionally misleading the readers.

 

[danielpalos]

Economists did not see the crash coming and cannot be trusted with predictions.

It is common sense that rapidly and drastically increasing the MW costs jobs.

Actually it is employer and commercial TV propaganda who care only about their own profits.

Okay, here's reality. Employers care about their profits, employees care about their paychecks and getting raises. Employers want to pay as little as possible for as much work as possible, and employees want to be paid as much as possible for as little work as possible. Now, how many new employees can a company hire and pay without profits?

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

Like Venezuela?

just lousy management. South Africa fell in three years with Capitalism.

 

[Spare_change]

you are already paying for a War on Poverty. Why not actually solve simple poverty.

Maybe you can explain to all of us uninitiated you propose to eliminate poverty.

This is going to be real interesting ... and revealing.

This kid really thinks there is a money tree.

i think the rich have not enough use for their money and should be Taxed into Heaven.

Got it. So,you want something you haven't earned, and have no intention of working for, simply because you're breathing, right? And, in order to get your deserved award, you're willing to steal it - with government permission - from someone who did earn it, right?

Got any idea just how egotistical that sounds?

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

I thought I was clear ... I have no desire to fight a War on Poverty - but the answer isn't to give everybody something they haven't earned at the expense of others.

A hand up? Sure.

A handout? No way.

 

[danielpalos]

Maybe you can explain to all of us uninitiated you propose to eliminate poverty.

This is going to be real interesting ... and revealing.

This kid really thinks there is a money tree.

i think the rich have not enough use for their money and should be Taxed into Heaven.

Got it. So,you want something you haven't earned, and have no intention of working for, simply because you're breathing, right? And, in order to get your deserved award, you're willing to steal it - with government permission - from someone who did earn it, right?

Got any idea just how egotistical that sounds?

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

I thought I was clear ... I have no desire to fight a War on Poverty - but the answer isn't to give everybody something they haven't earned at the expense of others.

A hand up? Sure.

A handout? No way.

Only the right never gets it; who "earned" capitalism's, natural rate of unemployment?

 

[Spare_change]

This kid really thinks there is a money tree.

i think the rich have not enough use for their money and should be Taxed into Heaven.

Got it. So,you want something you haven't earned, and have no intention of working for, simply because you're breathing, right? And, in order to get your deserved award, you're willing to steal it - with government permission - from someone who did earn it, right?

Got any idea just how egotistical that sounds?

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

I thought I was clear ... I have no desire to fight a War on Poverty - but the answer isn't to give everybody something they haven't earned at the expense of others.

A hand up? Sure.

A handout? No way.

Only the right never gets it; who "earned" capitalism's, natural rate of unemployment?

What the hell is the "... natural rate of unemployment ... "?

 

[danielpalos]

i think the rich have not enough use for their money and should be Taxed into Heaven.

Got it. So,you want something you haven't earned, and have no intention of working for, simply because you're breathing, right? And, in order to get your deserved award, you're willing to steal it - with government permission - from someone who did earn it, right?

Got any idea just how egotistical that sounds?

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

I thought I was clear ... I have no desire to fight a War on Poverty - but the answer isn't to give everybody something they haven't earned at the expense of others.

A hand up? Sure.

A handout? No way.

Only the right never gets it; who "earned" capitalism's, natural rate of unemployment?

What the hell is the "... natural rate of unemployment ... "?

the reason no one takes the right seriously about economics.

 

[Spare_change]

Got it. So,you want something you haven't earned, and have no intention of working for, simply because you're breathing, right? And, in order to get your deserved award, you're willing to steal it - with government permission - from someone who did earn it, right?

Got any idea just how egotistical that sounds?

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

I thought I was clear ... I have no desire to fight a War on Poverty - but the answer isn't to give everybody something they haven't earned at the expense of others.

A hand up? Sure.

A handout? No way.

Only the right never gets it; who "earned" capitalism's, natural rate of unemployment?

What the hell is the "... natural rate of unemployment ... "?

the reason no one takes the right seriously about economics.

Well, except for the fact, that it is the right that drives the economy ... the left lives off it.

 

[danielpalos]

only to the right wing. to the left, it is called actually solving our problems. or, do you prefer to pay for a War on Poverty, forever?

I thought I was clear ... I have no desire to fight a War on Poverty - but the answer isn't to give everybody something they haven't earned at the expense of others.

A hand up? Sure.

A handout? No way.

Only the right never gets it; who "earned" capitalism's, natural rate of unemployment?

What the hell is the "... natural rate of unemployment ... "?

the reason no one takes the right seriously about economics.

Well, except for the fact, that it is the right that drives the economy ... the left lives off it.

you wish. the right can't make enough to keep our economy going.

 

[Eloy]

Economists did not see the crash coming and cannot be trusted with predictions.

It is common sense that rapidly and drastically increasing the MW costs jobs.

Actually it is employer and commercial TV propaganda who care only about their own profits.

Okay, here's reality. Employers care about their profits, employees care about their paychecks and getting raises. Employers want to pay as little as possible for as much work as possible, and employees want to be paid as much as possible for as little work as possible. Now, how many new employees can a company hire and pay without profits?

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

Like Venezuela?

As if you know about Venezuela. The U.S. government wanted the Venezuelan government to fall and all the American press and TV duly followed the lead to poison the minds of the American people about that country. Does having no clue about what is happening in the United States make a person an expert on Venezuela, I wonder.

 

[danielpalos]

It is common sense that rapidly and drastically increasing the MW costs jobs.

Actually it is employer and commercial TV propaganda who care only about their own profits.

Okay, here's reality. Employers care about their profits, employees care about their paychecks and getting raises. Employers want to pay as little as possible for as much work as possible, and employees want to be paid as much as possible for as little work as possible. Now, how many new employees can a company hire and pay without profits?

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

In civilized countries, ethical employers care about more than profits and workers care about providing for their families.

Like Venezuela?

As if you know about Venezuela. The U.S. government wanted the Venezuelan government to fall and all the American press and TV duly followed the lead to poison the minds of the American people about that country. Does having no clue about what is happening in the United States make a person an expert on Venezuela, I wonder.

socialism needs good management for free. now we know the problem.

 

[Eloy]

Is this where I get the "... thy brother's keeper ... " speech?

i have a responsibility to my stockholders. Economics has no ethics.

Perhaps in America there is no place for ethics among the business class. You might be right there.

You think there is 'somewhere' that there is???

You are so seriously deluded.

Yes, where I live in the European Union, ethics and a sense of fairness underpins legislation for decent wages and working conditions.

LOL !!!!

Obviously, you don't deal with the same EU companies that I do. Cheating, lies, and bribes are the usual way of business.

Well, since I've dealt with them, the truth is the truth .... either you are oblivious, or you are intentionally misleading the readers.

There is nothing truthful about what you write either about the European Union or your own country.

 

[danielpalos]

Perhaps in America there is no place for ethics among the business class. You might be right there.

You think there is 'somewhere' that there is???

You are so seriously deluded.

Yes, where I live in the European Union, ethics and a sense of fairness underpins legislation for decent wages and working conditions.

LOL !!!!

Obviously, you don't deal with the same EU companies that I do. Cheating, lies, and bribes are the usual way of business.

Well, since I've dealt with them, the truth is the truth .... either you are oblivious, or you are intentionally misleading the readers.

There is nothing truthful about what you write either about the European Union or your own country.

all the right wing really has, is just, right wing fantasy.

 

[Toddsterpatriot]

You bet.

There is no boom and bust cycle in Venezuela.
Thank goodness for that.

we still have homelessness in the finest capital economy in the world.

shouldn't a command economy be able to command economize?

we still have homelessness in the finest capital economy in the world.

Yes we do. We don't force the mentally ill into institutions anymore.
What does that have to do with capitalism?

shouldn't a command economy be able to command economize?

Shouldn't a command economy be able to provide toilet paper?

not all homeless have mental problems, only capital problems that can easily be solved on an at-will basis.

yes, it should; only bad management prevents it.

not all homeless have mental problems,

Most do.

only capital problems that can easily be solved on an at-will basis.

You should give them your capital, you heartless bastard!

a natural rate of unemployment is just as effective as any mental health problem.

I agree, you should seek treatment.

 

[Toddsterpatriot]

Another thing you have not a clue about..they Dont get a pay check and we know to bad you would never see a dime of it if they were...


Hey danny boy how much of the 8 trillion dollars that Obama spent went into your back pocket?


Lol

.

nothing but propaganda and diversion by fiat? how credible is that.

Again fool its the same thing how much would you get if the rich were taxed to high heaven..the answer is zero..


You just want the satisfaction of the government stealing their money, nothing more nothing less.



.

a lack of equal protection of the law is stealing. only the right, never gets it.

a lack of equal protection of the law

Workers and non-workers have the same protections.

no, they don't.

List the extra protections workers have compared to the unemployed.