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

[danielpalos]

it should be a State fund and a general tax instead of our current and extra-lawful, regime.

Fail..what are you 12?


.

how is it a fail; are you twelve and have no argument?

I am 51 dumb ass..

Let's recap

You Dont know about:

Economics

Profit margins

50% of U.S. workers make $15 or less an hour

Over 80% of business are small

And now Unemployment is paid strictly by by the employer...



What else Dont you know commie kid?



.

Henry Ford knew better. Why are modern capitalists, such slackers?

Henry ford new better?, correct he fought tooth and nail against the Unions until he finnaly gave in 1941


.

He doubled wages, first.

 

[danielpalos]

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.

As if you know about Venezuela.

Are their companies making profits? Why/Why not?

The bottom fell out of the oil market and Venezuela lost its source of wealth.

The bottom fell out of the oil market, the US still manages to have enough toilet paper.
What makes us so much better than Venezuela?

The United States is much bigger with more resources than Venezuela and yet many people there were devastated with the economic crash. Millions of Americans are living from paycheck to paycheck and only one major illness away from being wiped out. Americans deserve better with all its wealth.

The United States is much bigger with more resources than Venezuela

Ummmm....Venezuela has the largest proven oil reserves in the world, with less than 10% of the population of the US. Takes socialism to fuck that up, eh comrade?

diversification is important.

 

[Toddsterpatriot]

List the extra protections workers have compared to the unemployed.

unemployment compensation.

You said protection under law.
List the extra protections workers have compared to the unemployed.

unemployment compensation. Labor should be able to quit or not work, and collect unemployment compensation.

unemployment compensation.

Unemployed people don't get protection under the law from unemployment compensation?
Employed people do get protection under the law from unemployment compensation?

That makes even less sense than the rest of your confused postings.

Labor should be able to quit or not work, and collect unemployment compensation.

Under the law, if you quit, you can't collect.

So still no list of the extra protections workers have compared to the unemployed?
That's not a surprise.

it is about equal protection of the law; no wonder, the right never gets it.

So still no list of the extra protections workers have compared to the unemployed?
That's not a surprise.
No wonder why the left always fails.

 

[danielpalos]

Like the rest of the world, no-one anticipated the crash of 2008. Of course the Venezuelan government should have diversified more.

We caused the crash and Bush Jr warned Harry Reid ...


.

Investment bankers on Wall Street and their counterparts in Europe caused the crash. Things were made worse when the governments saved the bankers by assuming their debt and putting it onto their citizens.

Things were made worse when the governments saved the bankers by assuming their debt and putting it onto their citizens.

The US government didn't assume our bankers debt. The US government made profitable loans to our banks.
The banks were saved and the loans repaid. At a profit to the US government.

You are correct, the Federal Government used taxpayers money to save the banks which is a definition of nationalizing the debt but the profits are always privatized.

Yes, the US Treasury loaned money, which was repaid, at a profit.
So the debt wasn't nationalized, but over $70 billion in profit was.

Sorry to point out your errors. Does that mean I have a passport or I don't have a passport?

the same thing should happen with full recourse to unemployment compensation; a positive multiplier will help "bailout" the People.

 

[Toddsterpatriot]

As if you know about Venezuela.

Are their companies making profits? Why/Why not?

The bottom fell out of the oil market and Venezuela lost its source of wealth.

The bottom fell out of the oil market, the US still manages to have enough toilet paper.
What makes us so much better than Venezuela?

The United States is much bigger with more resources than Venezuela and yet many people there were devastated with the economic crash. Millions of Americans are living from paycheck to paycheck and only one major illness away from being wiped out. Americans deserve better with all its wealth.

The United States is much bigger with more resources than Venezuela

Ummmm....Venezuela has the largest proven oil reserves in the world, with less than 10% of the population of the US. Takes socialism to fuck that up, eh comrade?

diversification is important.

Diversify away from socialist failure.

 

[danielpalos]

They are finding out what happens in Seattle.....

Privatizing costs instead of socializing costs? Only the right, never gets it.

 

[Toddsterpatriot]

We caused the crash and Bush Jr warned Harry Reid ...


.

Investment bankers on Wall Street and their counterparts in Europe caused the crash. Things were made worse when the governments saved the bankers by assuming their debt and putting it onto their citizens.

Things were made worse when the governments saved the bankers by assuming their debt and putting it onto their citizens.

The US government didn't assume our bankers debt. The US government made profitable loans to our banks.
The banks were saved and the loans repaid. At a profit to the US government.

You are correct, the Federal Government used taxpayers money to save the banks which is a definition of nationalizing the debt but the profits are always privatized.

Yes, the US Treasury loaned money, which was repaid, at a profit.
So the debt wasn't nationalized, but over $70 billion in profit was.

Sorry to point out your errors. Does that mean I have a passport or I don't have a passport?

the same thing should happen with full recourse to unemployment compensation; a positive multiplier will help "bailout" the People.

Workers who are laid off have full recourse to unemployment compensation.

 

[danielpalos]

If minimum wage had kept up with inflation, it would be well over $16 an hour. Why is it that only the minimum wage workers should lose spending power when inflation hits? We had a better economy when minimum wage had the highest spending power in history and the top tax rate was 70%. The problem is the top tax rate has gone down, but it's also affecting those of lower incomes. When JFK had his tax break, it was to the middle class and actually did result in bettering our economy.

Put the money in the hands of the people who spend it and our economy will improve.

It may be too simple and too populist for the right wing.

 

[danielpalos]

The British economy introduced minimum wage in 1997, and the economy rose year on year for 11 years.

So Britain had a growing economy, like virtually every single country on earth. What's the correlation with minimum wage?

upward pressure on wages.

 

[danielpalos]

An equilibrium wage is ideal. When the government plays wage control, that becomes impossible to achieve.

why do you believe that?

micromanaging our tax codes is similar; and, our legislators enjoy it.

 

[danielpalos]

The British economy introduced minimum wage in 1997, and the economy rose year on year for 11 years.

So Britain had a growing economy, like virtually every single country on earth. What's the correlation with minimum wage?

Well often the argument is that minimum wage destroys an economy. Does it? Doesn't seem to.

Only the fantastical right wing, believes that.

 

[hadit]

Jobs would be cut, investment diminished.

It's the value of the work that determines the pay.

BS, if the value of the job determined the pay, CEOs wouldn't be making several hundred times what their employees make and a man with a helmet defending a football wouldn't be making $millions while a man with a helmet defending our country barely makes a living.

Take a good CEO out of a company and the company fails. I saw it happen first hand at Circuit City, which went from a $10 billion company to nothing in a short period of time. As for entertainment figures making a lot of money, that's a function of the market too. When millions of people want to watch you or listen to you do something, you can make a lot of money charging them for the privilege. If millions of people wanted to watch soldiers living and fighting in a desert, soldiers would make a lot of money too.

 

[hadit]

An equilibrium wage is ideal. When the government plays wage control, that becomes impossible to achieve.

why do you believe that?

micromanaging our tax codes is similar; and, our legislators enjoy it.

Them enjoying it does not make it effective or efficient. The optimal tax code that produces the maximum amount of revenue with the least impact on the economy will never be utilized because it's not politically correct.

 

[danielpalos]

only the right never gets it; Capitalism's natural rate of unemployment is only natural to capitalism. a more efficient economy is what we will get, by making capital work instead of fools or horses.

Capitalism's natural rate of unemployment

Give us the definition.

is only natural to capitalism

Socialism's rate of unemployment is better? LOL!

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?

They've tried, and the only thing that was equalized was misery.

how did that work for the US, during WWII?

 

[danielpalos]

unemployment compensation.

You said protection under law.
List the extra protections workers have compared to the unemployed.

unemployment compensation. Labor should be able to quit or not work, and collect unemployment compensation.

unemployment compensation.

Unemployed people don't get protection under the law from unemployment compensation?
Employed people do get protection under the law from unemployment compensation?

That makes even less sense than the rest of your confused postings.

Labor should be able to quit or not work, and collect unemployment compensation.

Under the law, if you quit, you can't collect.

So still no list of the extra protections workers have compared to the unemployed?
That's not a surprise.

it is about equal protection of the law; no wonder, the right never gets it.

So still no list of the extra protections workers have compared to the unemployed?
That's not a surprise.
No wonder why the left always fails.

Labor should be able to quit or not work, and collect unemployment compensation. That is, equal protection of the law. Only the right wing, never gets it.

 

[hadit]

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.

unemployment compensation.

You said protection under law.
List the extra protections workers have compared to the unemployed.

unemployment compensation. Labor should be able to quit or not work, and collect unemployment compensation.

They can. It's called welfare.

 

[danielpalos]

The bottom fell out of the oil market and Venezuela lost its source of wealth.

The bottom fell out of the oil market, the US still manages to have enough toilet paper.
What makes us so much better than Venezuela?

The United States is much bigger with more resources than Venezuela and yet many people there were devastated with the economic crash. Millions of Americans are living from paycheck to paycheck and only one major illness away from being wiped out. Americans deserve better with all its wealth.

The United States is much bigger with more resources than Venezuela

Ummmm....Venezuela has the largest proven oil reserves in the world, with less than 10% of the population of the US. Takes socialism to fuck that up, eh comrade?

diversification is important.

Diversify away from socialist failure.

sure; it is the Only reason it works so well for the US; our Founding Fathers enumerated Only sufficient socialism, to provide for the common defense and general welfare, not, Any thing and Every thing, as the right wing, would have us believe.

 

[hadit]

Capitalism's natural rate of unemployment

Give us the definition.

is only natural to capitalism

Socialism's rate of unemployment is better? LOL!

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?

They've tried, and the only thing that was equalized was misery.

how did that work for the US, during WWII?

You tell me, if you think you know the answer. Here's a hint:

The American economy boomed AFTER the war when all the GI's came home and we didn't have to ration materials.

 

[danielpalos]

Investment bankers on Wall Street and their counterparts in Europe caused the crash. Things were made worse when the governments saved the bankers by assuming their debt and putting it onto their citizens.

Things were made worse when the governments saved the bankers by assuming their debt and putting it onto their citizens.

The US government didn't assume our bankers debt. The US government made profitable loans to our banks.
The banks were saved and the loans repaid. At a profit to the US government.

You are correct, the Federal Government used taxpayers money to save the banks which is a definition of nationalizing the debt but the profits are always privatized.

Yes, the US Treasury loaned money, which was repaid, at a profit.
So the debt wasn't nationalized, but over $70 billion in profit was.

Sorry to point out your errors. Does that mean I have a passport or I don't have a passport?

the same thing should happen with full recourse to unemployment compensation; a positive multiplier will help "bailout" the People.

Workers who are laid off have full recourse to unemployment compensation.

why Any distinction? employment is at the will of either party, not just th employer for unemployment compensation purpose. only the right wing likes to "stack the deck" against Individuals, and claim they are just plain lazy.

 

[danielpalos]

An equilibrium wage is ideal. When the government plays wage control, that becomes impossible to achieve.

why do you believe that?

micromanaging our tax codes is similar; and, our legislators enjoy it.

Them enjoying it does not make it effective or efficient. The optimal tax code that produces the maximum amount of revenue with the least impact on the economy will never be utilized because it's not politically correct.

should we, "blame the right"?