Forum
»
More General Categories
»
Misc.
»
You're UN-AMERICAN if you don't support McDonald's workers getting $15/hr
05-07-2016, 06:29 PM
-
#61
- likeawashboard
- Registered User
-
- likeawashboard
- Registered User
- Join Date: Apr 2011
- Age: 35
- Posts: 8,005
- Rep Power: 18646
-
-
Originally Posted By colbski⏩
They also aren't even entitled to their job lol it is a privilege.The fact of the matter is this..... people need to be accountable for themselves and their given hand. If McDonald's isn't adequate to help ill parents, keep the lights on etc... then they need to do more. Why settle for less? Why accept what was given to you and just say "that's life". It's a defeatist realm of thinking.
Guy above me gets it.
05-07-2016, 06:34 PM
-
#62
- colbski
- blowing loads
-
- colbski
- blowing loads
- Join Date: Jan 2009
- Location: United States
- Posts: 5,016
- Rep Power: 23760
-
-
Originally Posted By SlootFlute⏩
HAHAHAHA!!!! No, I'm not but this is quite amusing to me.He was trying to generalize every fast food worker as being some lazy minority with 4 kids
:D
05-07-2016, 06:34 PM
-
#63
- Mythenthefang
- Registered User
-
- Mythenthefang
- Registered User
- Join Date: Aug 2013
- Age: 37
- Posts: 4,289
- Rep Power: 6787
-
-
In on weekly minimum wage wage thread complete with armchair economists
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
Natty poverty maintenance crew
Actual economist crew
Austrian school crew
05-07-2016, 06:37 PM
-
#64
- PisseninMisc
- Registered User
-
- PisseninMisc
- Registered User
- Join Date: Mar 2015
- Age: 40
- Posts: 16,596
- Rep Power: 141961
-
-
Originally Posted By Mythenthefang⏩
5'6" - 216lbs... I'm supposed to take advice on what's been proven or not proven to work from a fatfuk who cant figure out how to put down the spoon? Pretty sure it's been proven that you'll lose weight if you eat below your daily caloric needs for a prolonged period of time. Srs question plz respond.In on weekly minimum wage wage thread complete with armchair economists
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.

*** Dawn Patrol Crew ***
Rustle me = get repped
05-07-2016, 06:37 PM
-
#65
- F23
- Procrastinating....
-
- F23
- Procrastinating....
- Join Date: Jan 2008
- Age: 42
- Posts: 1,502
- Rep Power: 267
-
-
Originally Posted By colbski⏩
Wait... So you're telling me that if I flip burgers for 8hrs a day, I should expect for my boss and/or the company I work at to take care of my family? Fast food workers can't expect to be able to raise a family for their wage - what they do isn't worth enough for the employer to give them that sort of a benefit. It's selfish of the worker to expect more from his company, i.e. McDonalds, than the value of his work gives the company.The fact of the matter is this..... people need to be accountable for themselves and their given hand. If McDonald's isn't adequate to help ill parents, keep the lights on etc... then they need to do more. Understand there is restraint with the younger crowds but more often than not, you find people well beyond their teenage years working at fast food restaurants.
Why settle for less? Why accept what was given to you and just say "that's life". It's a defeatist realm of thinking.
Why settle for less? Why accept what was given to you and just say "that's life". It's a defeatist realm of thinking.
Just because a person needs something, it doesn't mean they're entitled to charity. In a perfect world, companies would take care of employees 100%, but in reality, flipping burgers isn't valuable enough of a skill to expect $15/hr or whatever other benefits employees think they "deserve".
05-07-2016, 06:38 PM
-
#66
- BangBrahs
- Registered User
-
- BangBrahs
- Registered User
- Join Date: Mar 2006
- Location: Michigan, United States
- Posts: 7,479
- Rep Power: 455
-
-
Originally Posted By PisseninMisc⏩
Ahh, the good ol' MISC ad hom has started.5'6" - 216lbs... I supposed to take advice on what's been proven or not proven to work from a fatfuk who cant figure out how to put down the spoon? Srs question plz respond.
There is no failure, only feedback
05-07-2016, 06:38 PM
-
#67
- rtljmc17
- Titanium Account
-
- rtljmc17
- Titanium Account
- Join Date: Apr 2011
- Posts: 5,053
- Rep Power: 4433
-
-
Originally Posted By ihavetomakeit⏩
expect if you go back through the years and compare the minimum wage to todays money, you will see that the buying power of your dollar goes up and down in huge amounts.I don't have a dog in the fight, but 99% of people keep ignoring this simple fact to destroy any argument... Prices have been going up EVERY year on most common products. The USA failed to account for inflation in wage increases which would be about a 10.50 minimum wage modern day. You're ALREADY paying more for everything but not getting paid more. Disband from your idiotic political parties and delusional views on economics from your little college courses and listen to the truth that I just stated. It all makes sense now.
you cant tie it too how much bread you can buy with a dollar. it changes from year to year.
go onto the governments statistics website and look at minimum wages back in the 50s to the 60s
they go up and down in todays money.
Take me seriously at your own risk.
LIVE LIFE FROM A PLACE OF LOVE NOT A PLACE OF FEAR
۞۞ ♥ ♣ ♦ ♠ ONLINE POKER CREW ♥ ♣ ♦ ♠ - The Grind ▄ █ ▆ ۞۞
__IRISH MISC CREW__
Positive Crew*
05-07-2016, 06:38 PM
-
#68
- Lunatic
- The Cripple
-
- Lunatic
- The Cripple
- Join Date: Nov 2002
- Location: United States
- Posts: 57,101
- Rep Power: 494160
-
-
Originally Posted By SlootFlute⏩
Was actually surprised that your thread title included a grammatically correct "you're". You negated that with this post. Practice makes perfect, man.Yourjust ignorantly generalizing a group of people..
Every fast food worker isn't on welfare and spending their ebt on shoes..
What about the kids who work to help out their family because their parent fell ill and can't work?
What about the girl whose been dealt a bad hand in life and walks to work, just so she can keep the lights on??
Every fast food worker isn't on welfare and spending their ebt on shoes..
What about the kids who work to help out their family because their parent fell ill and can't work?
What about the girl whose been dealt a bad hand in life and walks to work, just so she can keep the lights on??
Fast food jobs weren't meant to be careers. They were perfect jobs for people in high school and college, but people expected to live off of that wage for the rest of their life? No. They should not be getting $15/hr.
It seems that you're going off of the premise that things should be fair. Life is not fair. Call it heartless but I have no sympathy for those people. Most McDonalds workers **** up simple orders, too. They'll decide to put no cheese on your burger if you ask for extra cheese while still charging you for the extra. Want better pay? Get an education.
There are other jobs infinitely more deserving of $15/hour. Wanting fast food workers making that much would actually be more un-American.
AcetylCoA gets reps
"God your dunce." - Swept
LSU Tigers/Washington Nationals
05-07-2016, 06:39 PM
-
#69
- PisseninMisc
- Registered User
-
- PisseninMisc
- Registered User
- Join Date: Mar 2015
- Age: 40
- Posts: 16,596
- Rep Power: 141961
-
-
Originally Posted By BangBrahs⏩
And what did you add to the discussion? All he said was I think we dont know what we may or may not know. And you just came in to act high and mighty.Ahh, the good ol' MISC ad hom has started.
Add to the discussion or GTFO with you ******* comments ffs.
*** Dawn Patrol Crew ***
Rustle me = get repped
05-07-2016, 06:40 PM
-
#70
- colbski
- blowing loads
-
- colbski
- blowing loads
- Join Date: Jan 2009
- Location: United States
- Posts: 5,016
- Rep Power: 23760
-
-
Originally Posted By F23⏩
Well... tell this to the people who are demanding $15.00 an hour.Wait... So you're telling me that if I flip burgers for 8hrs a day, I should expect for my boss and/or the company I work at to take care of my family? Fast food workers can't expect to be able to raise a family for their wage - what they do isn't worth enough for the employer to give them that sort of a benefit. It's selfish of the worker to expect more from his company, i.e. McDonalds, than the value of his work gives the company.
Just because a person needs something, it doesn't mean they're entitled to charity. In a perfect world, companies would take care of employees 100%, but in reality, flipping burgers isn't valuable enough of a skill to expect $15/hr or whatever other benefits employees think they "deserve".
Just because a person needs something, it doesn't mean they're entitled to charity. In a perfect world, companies would take care of employees 100%, but in reality, flipping burgers isn't valuable enough of a skill to expect $15/hr or whatever other benefits employees think they "deserve".
:D
05-07-2016, 06:44 PM
-
#71
Originally Posted By PisseninMisc⏩
Been saying this for a while. Paying for a college degree (unless at a TOP school like MIT or something) is just paying for the privilege for a recruiter to actually open your resume after the search algorithm sees there is a degree inside.Which is why the current education system is absolute BS. I say this as a person with an eng degree (you kids call it STEM now?). Most people are incompetent af and make terrible engineers after university. Others that I've met throughout my career (tradesment, project managers, inspection, safety officials, other technical staff, etc.) who DONT have an engineer degree have actually been MORE knowledgeable than the people who wasted 4 years and tens of thousands of dollars getting a degree.
It's a shame, really.
It's a shame, really.
05-07-2016, 06:44 PM
-
#72
- Lunatic
- The Cripple
-
- Lunatic
- The Cripple
- Join Date: Nov 2002
- Location: United States
- Posts: 57,101
- Rep Power: 494160
-
-
Originally Posted By Mythenthefang⏩
It's still too early to make a definitive conclusion, but there was a huge spike in people that lost their jobs after the $15/hr was implemented in Seattle. I believe jobs went down and unemployment shot up, obviously.In on weekly minimum wage wage thread complete with armchair economists
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
AcetylCoA gets reps
"God your dunce." - Swept
LSU Tigers/Washington Nationals
05-07-2016, 06:46 PM
-
#73
- BDPfit
- The American.
-
- BDPfit
- The American.
- Join Date: Jul 2012
- Location: Maryland, United States
- Posts: 7,248
- Rep Power: 22213
-
-
In to lol @ pathetic fgts who think anyone is owed anything
If you can't prove your worth to the workforce, you ain't gonna make it. Boo hoo
If you can't prove your worth to the workforce, you ain't gonna make it. Boo hoo
Country Must Be Country-Wide CREW
____________________________________________________________________
****Baltimore Ravens****
****Baltimore Orioles****
MFC
05-07-2016, 06:46 PM
-
#74
- F23
- Procrastinating....
-
- F23
- Procrastinating....
- Join Date: Jan 2008
- Age: 42
- Posts: 1,502
- Rep Power: 267
-
-
Originally Posted By Mythenthefang⏩
Stanford economics degree + MBA (plus an MD) guy reporting in...In on weekly minimum wage wage thread complete witharmchair economists
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
Nobody knows what the effect of increasing a minimum wage actually is, the big boys in the economics academia haven't even figured it out and the debate's been going for at least 40 years.
It would be nice to say definitively "no, if we increase minimum wage then people will be worse off" or "yes, increasing minimum wage will alleviate some inequality we find undesirable". Unfortunately, we cannot conclude either way.
Most studies on increases in minimum wage has been +/- in terms of their effect; the minimum wage increases in these studies have been small (10-20%). Most economists who are pro-minimum wage think the optimum min wage should be about 50% of the median wage (which is actually close to our current minimum wage). The hike up to $15 min wage would put us at a min wage that is close to 70% of the median wage. This is uncharted territory; that is, there are no good prior examples of a minimum wage hike this big. Economic theory says 'increased wage floor = decreased labor demand = increased unemployment'. Whether this is true in reality has yet to be seen. However, when something gets more expensive, people tend to buy less of it, all other things held equal. So if employees become dramatically more expensive, I would expect fewer of them to be hired/employed.
05-07-2016, 06:48 PM
-
#75
- kratosbrah
- Registered User
-
- kratosbrah
- Registered User
- Join Date: Aug 2010
- Location: Morgan Hill, California, United States
- Posts: 15,764
- Rep Power: 7635
-
-
minimum wage should always keep up with inflation & McDonalds should either pay their workers a fukking living wage or offer them benefits like healthcare so the American taxpayer doesnt have to foot the fukking bill when their employees inevitably sign up for WIC/food stamp
05-07-2016, 06:49 PM
-
#76
- Briangumble
- I run the Misc
-
- Briangumble
- I run the Misc
- Join Date: Oct 2005
- Posts: 10,812
- Rep Power: 13997
-
-
Originally Posted By Lightsout13⏩
Most Mcdonalds restaurants are franchised owned, not corporate owned. A single franchised owned Mcdonalds restaurant might not make enough to pay $15 an hour, in which case they would probably replace workers with kiosks like they're already doing now, or possibly increase prices to compensate.Since McD's is one of the world's largest corporations with crazy revenue, why don't they give their employees a great benefits package like UPS does? UPS pays only $8.50/hr starting but they have great benefits.
05-07-2016, 06:49 PM
-
#77
- F23
- Procrastinating....
-
- F23
- Procrastinating....
- Join Date: Jan 2008
- Age: 42
- Posts: 1,502
- Rep Power: 267
-
-
Originally Posted By colbski⏩
Reality sucks, doesn't it? It's not for the employer to take care of these people. They should turn to welfare or charity.Well... tell this to the people who are demanding $15.00 an hour.
05-07-2016, 06:49 PM
-
#78
Originally Posted By F23⏩
Median wages are too low.Stanford economics degree + MBA (plus an MD) guy reporting in...
Most studies on increases in minimum wage has been +/- in terms of their effect; the minimum wage increases in these studies have been small (10-20%). Most economists who are pro-minimum wage think the optimum min wage should be about 50% of the median wage (which is actually close to our current minimum wage). The hike up to $15 min wage would put us at a min wage that is close to 70% of the median wage. This is uncharted territory; that is, there are no good prior examples of a minimum wage hike this big. Economic theory says 'increased wage floor = decreased labor demand = increased unemployment'. Whether this is true in reality has yet to be seen. However, when something gets more expensive, people tend to buy less of it, all other things held equal. So if employees become dramatically more expensive, I would expect fewer of them to be hired/employed.
Most studies on increases in minimum wage has been +/- in terms of their effect; the minimum wage increases in these studies have been small (10-20%). Most economists who are pro-minimum wage think the optimum min wage should be about 50% of the median wage (which is actually close to our current minimum wage). The hike up to $15 min wage would put us at a min wage that is close to 70% of the median wage. This is uncharted territory; that is, there are no good prior examples of a minimum wage hike this big. Economic theory says 'increased wage floor = decreased labor demand = increased unemployment'. Whether this is true in reality has yet to be seen. However, when something gets more expensive, people tend to buy less of it, all other things held equal. So if employees become dramatically more expensive, I would expect fewer of them to be hired/employed.
05-07-2016, 06:50 PM
-
#79
05-07-2016, 06:50 PM
-
#80
- Mythenthefang
- Registered User
-
- Mythenthefang
- Registered User
- Join Date: Aug 2013
- Age: 37
- Posts: 4,289
- Rep Power: 6787
-
-
Originally Posted By ezjax⏩
uwot?the system is the system.. i dont believe a degree in anything should get you a better job.. you can graduate with a CE Or CS degree and the kid writing code in his basement is better at it than you and deserves more money..
school is part of THEIR system so you can get THEIR jobs and become THEIR slaves..
pay the guy sweating over the grill 15 an hr.. putting money in the hands of someone likely to spend it as opposed to someone who will hoard it is always the right economic decision..
taking dollars out of the system is what perpetuates poverty
school is part of THEIR system so you can get THEIR jobs and become THEIR slaves..
pay the guy sweating over the grill 15 an hr.. putting money in the hands of someone likely to spend it as opposed to someone who will hoard it is always the right economic decision..
taking dollars out of the system is what perpetuates poverty
I assume by the ignorant "hoarding money" statement you mean someone saves money. By saving (and, crucially, investing) money a person creates wealth and wealth generating assets, those assets are what make us all better off. That "hoarding money" which you claim perpetuates poverty is the source of your PC, your house, all your consumer goods, the source of every asset you use to do your job.
Source: economist, trying to explain a complicated concept on a bodybuilding forum. I honestly can't believe the ignorance of some people.
What perpetuates poverty isn't clear because poverty is a nebulous undefinable entity. Do you mean relative poverty, as exists in the US where timmy can't buy his schoolbooks but can buy 2000 calories (ish) a day of (pretty ****ty) food. Or are you referring to absolute poverty where timmy weighs in at 24 kgs at 10 years old with a distended stomach from malnutrition.
Natty poverty maintenance crew
Actual economist crew
Austrian school crew
05-07-2016, 06:50 PM
-
#81
- kratosbrah
- Registered User
-
- kratosbrah
- Registered User
- Join Date: Aug 2010
- Location: Morgan Hill, California, United States
- Posts: 15,764
- Rep Power: 7635
-
-
Originally Posted By PisseninMisc⏩
so youre telling me engineers fresh out of university are less experienced & knowledgeable compared to tradesmen/project managers who dont have degrees but have been in the industry for 10+ years?Which is why the current education system is absolute BS. I say this as a person with an eng degree (you kids call it STEM now?). Most people are incompetent af and make terrible engineers after university. Others that I've met throughout my career (tradesmen, project managers, inspection, safety officials, other technical staff, etc.) who DONT have an engineering degree have actually been MORE knowledgeable than the people who wasted 4 years and tens of thousands of dollars getting a degree.
It's a shame, really.
It's a shame, really.
wow im fukking surprised
05-07-2016, 06:51 PM
-
#82
- PisseninMisc
- Registered User
-
- PisseninMisc
- Registered User
- Join Date: Mar 2015
- Age: 40
- Posts: 16,596
- Rep Power: 141961
-
-
Originally Posted By F23⏩
Just to offer a counter to this approach to statistical analysis of wage increase %, consider this: wages rose proportionally to inflation throughout the 19th and most of the 20th century. Stagnation in rise of wage proportional to the inflation occurred starting in the 70's . This also coincided with the sharp drop in taxes. Federal taxes fell from highs of 70's to the 50's in that decade alone; we pay much less than that today. The sharp drop in taxes directly affected the earning power of paycheck to paycheck workers in the 70's and 80's. Now it's 30 years later and the chicks have come to roost.Stanford economics degree + MBA (plus an MD) guy reporting in...
Most studies on increases in minimum wage has been +/- in terms of their effect; the minimum wage increases in these studies have been small (10-20%). Most economists who are pro-minimum wage think the optimum min wage should be about 50% of the median wage (which is actually close to our current minimum wage). The hike up to $15 min wage would put us at a min wage that is close to 70% of the median wage. This is uncharted territory; that is, there are no good prior examples of a minimum wage hike this big. Economic theory says 'increased wage floor = decreased labor demand = increased unemployment'. Whether this is true in reality has yet to be seen. However, when something gets more expensive, people tend to buy less of it, all other things held equal. So if employees become dramatically more expensive, I would expect fewer of them to be hired/employed.
Most studies on increases in minimum wage has been +/- in terms of their effect; the minimum wage increases in these studies have been small (10-20%). Most economists who are pro-minimum wage think the optimum min wage should be about 50% of the median wage (which is actually close to our current minimum wage). The hike up to $15 min wage would put us at a min wage that is close to 70% of the median wage. This is uncharted territory; that is, there are no good prior examples of a minimum wage hike this big. Economic theory says 'increased wage floor = decreased labor demand = increased unemployment'. Whether this is true in reality has yet to be seen. However, when something gets more expensive, people tend to buy less of it, all other things held equal. So if employees become dramatically more expensive, I would expect fewer of them to be hired/employed.
^ this is not to say I disagree with you completely, but the whole picture is much more nuanced than most people bishin about wages or high taxes on ******** care to grasp.
*** Dawn Patrol Crew ***
Rustle me = get repped
05-07-2016, 06:51 PM
-
#83
- F23
- Procrastinating....
-
- F23
- Procrastinating....
- Join Date: Jan 2008
- Age: 42
- Posts: 1,502
- Rep Power: 267
-
-
Originally Posted By Lightsout13⏩
Most restaurants are franchise owned and their margins are very very tight. Their profit is something like 5% or less, and their biggest expense is labor. A near-doubling of labor costs would put a lot of franchises out of business. They will either have to raise prices, automate, and/or lower production.Since McD's is one of the world's largest corporations with crazy revenue, why don't they give their employees a great benefits package like UPS does? UPS pays only $8.50/hr starting but they have great benefits.
05-07-2016, 06:53 PM
-
#84
- PisseninMisc
- Registered User
-
- PisseninMisc
- Registered User
- Join Date: Mar 2015
- Age: 40
- Posts: 16,596
- Rep Power: 141961
-
-
Originally Posted By kratosbrah⏩
You live in Cali huh? Yea I'll take an electrician with 5 year of experience who's worked on two OSHPD projects over a kid out of uni ANY DAY. I could train that electrician to outperform 9/10 "electrical engineer"s you know, including ones with a license.so youre telling me engineers fresh out of university are less experienced & knowledgeable compared to tradesmen/project managers who dont have degrees but have been in the industry for 10+ years?
wow im fukking surprised
wow im fukking surprised
Edit: just to be clear, I've hired people with 10 year of experience, degrees AND a PE license (CA). I've also watched them get fired in 6 months for incompetence. Would take someone with less chitty experience but with the RIGHT ATTITUDE over a dipchit anyway. You spend more time trying to teach them how to not fuk up than you would training a new hire properly.
*** Dawn Patrol Crew ***
Rustle me = get repped
05-07-2016, 06:55 PM
-
#85
- Postmort3m
- Chairman of the bored
-
- Postmort3m
- Chairman of the bored
- Join Date: Apr 2012
- Location: United States
- Posts: 32,467
- Rep Power: 539821
-
-
Originally Posted By F23⏩
too many idiots still think all McDonald's are owned by the same giant corporation.Most restaurants are franchise owned and their margins are very very tight. Their profit is something like 5% or less, and their biggest expense is labor. A near-doubling of labor costs would put a lot of franchises out of business. They will either have to raise prices, automate, and/or lower production.
05-07-2016, 06:55 PM
-
#86
- kratosbrah
- Registered User
-
- kratosbrah
- Registered User
- Join Date: Aug 2010
- Location: Morgan Hill, California, United States
- Posts: 15,764
- Rep Power: 7635
-
-
Originally Posted By PisseninMisc⏩
i could train that electrical engineer fresh out of university to become the boss of that electrician in 5 years thoYou live in Cali huh? Yea I'll take an electrician with 5 year of experience who's worked on two OSHPD projects over a kid out of uni ANY DAY. I could train that electrician to outperform 9/10 "electrical engineer"s you know, including ones with a license.
05-07-2016, 06:56 PM
-
#87
- F23
- Procrastinating....
-
- F23
- Procrastinating....
- Join Date: Jan 2008
- Age: 42
- Posts: 1,502
- Rep Power: 267
-
-
Originally Posted By PisseninMisc⏩
Per my economics professor on the topic who was president of the Society of American Economic History at the time (Gavin Wright), the stagnation in wages that began in the 70's is/was due to outsourcing and technological innovation... Basically production increased because of the ability to substitute labor for capital (with the corporations owning the capital). This makes most of the growth that comes from increased productivity to go to the owners of the capital rather than to the workers.Just to offer a counter to this approach to statistical analysis of wage increase %, consider this: wages rose proportionally to inflation throughout the 19th and most of the 20th century. Stagnation in rise of wage proportional to the inflation occurred starting in the 70's . This also coincided with the sharp drop in taxes. Federal taxes fell from highs of 70's to the 50's in that decade alone; we much less than that today.
^ this is not to say I disagree with you completely, but the whole picture is much more nuanced than most people bishin about wages or high taxes on ******** care to grasp.
^ this is not to say I disagree with you completely, but the whole picture is much more nuanced than most people bishin about wages or high taxes on ******** care to grasp.
05-07-2016, 06:57 PM
-
#88
- Redfish225
- Hunter/Fisherbreh
-
- Redfish225
- Hunter/Fisherbreh
- Join Date: Aug 2012
- Posts: 69,167
- Rep Power: 903956
-
-
I don't eat McDonald's, or any other fast food joint.
I loe e.
05-07-2016, 07:07 PM
-
#89
- PisseninMisc
- Registered User
-
- PisseninMisc
- Registered User
- Join Date: Mar 2015
- Age: 40
- Posts: 16,596
- Rep Power: 141961
-
-
Originally Posted By kratosbrah⏩
Really? You should send me a resume.i could train that electrical engineer fresh out of university to become the boss of that electrician in 5 years tho
Originally Posted By F23⏩
Let's assume I agree with your professor. He has explained the mechanism by which the growth is transferred to the owners of the capital.Per my economics professor on the topic who was president of the Society of American Economic History at the time (Gavin Wright), the stagnation in wages that began in the 70's is/was due to outsourcing and technological innovation... Basically production increased because of the ability to substitute labor for capital (with the corporations owning the capital). This makes most of the growth that comes from increased productivity to go to the owners of the capital rather than to the workers.
We are talking about what is fair AND what is the most beneficial distribution of the wealth growth for the overall health of th economy.
*** Dawn Patrol Crew ***
Rustle me = get repped
05-07-2016, 07:13 PM
-
#90
- Lucenzo01
- Registered User
-
- Lucenzo01
- Registered User
- Join Date: May 2013
- Age: 36
- Posts: 380
- Rep Power: 1729
-
-
The only effect of minimum wage is the increase of unemployment.

When the price of a product increase people use it less. Labor hand is a product: if you increase it's cost, companies are going to use less of it, increase prices or go bankrupt. The minimum wage should be 0.
When the price of a product increase people use it less. Labor hand is a product: if you increase it's cost, companies are going to use less of it, increase prices or go bankrupt. The minimum wage should be 0.
If you are struggling making progress at the gym, check out this: http://forum.obnoxiousbrutes.com/showthread.php?t=168759073
Bookmarks
-
- Digg
-
- del.icio.us
-

- StumbleUpon
-
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts