Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Economics


Thanks Tree59Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old October 1st, 2016, 12:48 PM   #21
Senior Member
 
Join Date: Sep 2015
Location: Lehigh Valley Pa.,USA
Posts: 6,685
Quote:
Originally Posted by Supposn View Post
Toto2, to some direct extent every employee and employees’ dependents, and indirectly every person to the extent that they indirectly benefit from the federal minimum rate’s net contribution to USA’s economy or they indirectly net benefit from the many enterprises that themselves indirectly net benefit from the federal minimum rate’s net contributions to USA’s economy.

Respectfully, Supposn

nonsense....
Jimgorn is offline  
Old October 1st, 2016, 12:57 PM   #22
I'm debt free
 
TNVolunteer73's Avatar
 
Join Date: Nov 2012
Location: Lebanon, TN
Posts: 33,646
Quote:
Originally Posted by Toto2 View Post
Can anyone guess ho REALLY benefits for raising the minimum wage?
Unions mostly private sectors. So minimum wage goes up your taxes will have to increase in states that are not right to work. because every union employee in the state gets a automatic raise.
Thanks from Jimgorn
TNVolunteer73 is offline  
Old October 1st, 2016, 06:16 PM   #23
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Raise incomes! Raise minimum wage! Inflation! Must raise incomes! Raise minimum wage! Inflation! Raise minimum wage! Raise incomes!

Coming soon in a store near you. A all time bargain price of $1000.00 for a gallon of delicious wholesome 2% milk! Because devaluing your currency by allowing banks to print money and the Congress being to bought and paid for to actually hold its self accountable for coining of money makes perfect sense!
Thanks from Jimmyb, caconservative and Sabcat
coke is offline  
Old November 29th, 2016, 03:53 AM   #24
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 394
Quote:
Originally Posted by coke View Post
Raise incomes! Raise minimum wage! Inflation! Must raise incomes! Raise minimum wage! Inflation! Raise minimum wage! Raise incomes!

Coming soon in a store near you. A all time bargain price of $1000.00 for a gallon of delicious wholesome 2% milk! Because devaluing your currency by allowing banks to print money and the Congress being to bought and paid for to actually hold its self accountable for coining of money makes perfect sense!
JimGorn, Coke, JimmyB and Sabcat, refer to the 6:56 PM, 29Sep2016 post.

Respectfully, Supposn
Supposn is offline  
Old November 29th, 2016, 05:19 AM   #25
Senior Member
 
skews13's Avatar
 
Join Date: Nov 2012
Location: nirvana
Posts: 8,411
Quote:
Originally Posted by Sabcat View Post
Discount retailer Target Corp has started raising employee wages to a minimum of $10 an hour, its second hike in a year, pressured by a competitive job market and labor groups calling for higher wages at retail chains, sources said. Target management has informed store managers, who in turn have started informing employees about the wage hike and most employees who earn less than $10 per hour should see their base pay go up in May, two sources with direct knowledge of the situation told Reuters.


It is misleading to call this an increase in the “minimum wage.” Or at least, this phrase should not be, but is (especially among an economically illiterate public), confused with the implications of the phrase applied to the “public policy” of the government mandating that wages be increased. The phrase “minimum wage” applied to government policy carries the effectual meaning that government is making it illegal (sometimes with exceptions) to hire someone at a lesser rate than its decreed one.

Stated differently, the minimum wage implies that if a business or person hires someone under the conditions of a voluntary agreement between the employer and the employee, the employer will face some sort of consequence, enforced by the government, if the employee is paid below whatever the legal minimum is declared to be.

There are economic and ethical ramifications of such a policy, of course (all of them negative), but the point is that minimum wages are government-issued and therefore backed by the coercive power of the government.

But what Target did is not a minimum wage; or at least, the definition of minimum wage should be altered if it is going to be applied to Target’s action. The reason for this is that it was not mandated by the government and therefore it is not backed up by the coercive power of the government. Target’s management has simply decided that, for reasons irrelevant to my current point, it is going to increase the amount of pay that it gives its wage earners at the very bottom of Target’s pay structure.

It is true that one can choose to define this phrase in order to satisfy what Target did; but what one should never do is confuse the underlying economic and political reality via rhetorical trickery. And using the phrase “minimum wage” inevitably succeeds in providing exactly this trickery as it seems to communicate to those that are not aware of economic reality that Target has heroically done exactly what, say Bernie Sanders, has been preaching this whole time.

But what the government seeks to force companies to do, and what companies themselves choose to do with their own resources, must never been blurred together as one harmless decision.

Target may have increased wage levels within their company, but only the government can create and enforce a “minimum wage,” as defined with a historically understood meaning.


https://mises.org/blog/minimum-wage-...etorical-trick
Economic Reality? ROTFLMFAO

You just said that? Economic Reality?

Help me out here. I thought Obamas economic policies were a total disaster, the country was in decline, we were on the wrong track, and wages were not keeping up because of it?

And Targets move has nothing to do with minimum wages being raised by cities and states around the country, and other businesses reciprocating because of it?

Target did this, as well as Walmart Totally because of "Economic Reality"?



Thanks, I needed that this morning.
Thanks from imaginethat
skews13 is offline  
Old November 29th, 2016, 05:31 AM   #26
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Quote:
Originally Posted by Supposn View Post
Twisted Sister, The federal minimum wage, (FMW) rate is of net social and economic benefit to our nation. It has never been among the major causes of the U.S. Dollar’s inflation; on the contrary it’s certainly among inflations’ victims.
No individuals are poorer and no enterprises suffers any competitive disadvantage to any USA enterprises due to the FMW rate.

[there’s no doubt that USA’s higher wage rates are a cause of our products’ price disadvantages in comparison to products from lower wage nations; but although the elimination of our FMW rate laws would be greatly detrimental to our nation’s net social and economic wellbeing, eliminating it would accomplish extremely little to remedy our products’ global price disadvantages].

I suppose a majority of USA’s population, (significantly more than a 10% plurality) to some extent approve of federal minimum rate’s existence. There are few among wealthy or competent people that are opposed to the federal minimum rate.
An overwhelming proportions of minimum rate opponents lack self-esteem. They need whatever affirmation of their own worth that they can derive by being able to look down upon people experiencing lesser financial conditions. They cannot acknowledge or admit to themselves their fears of improving the financial conditions of others would consequentially reduce their own social status.
That’s the essence of personal and political opposition to the FMW rate.

Respectfully, Supposn
Quote:
Originally Posted by Supposn View Post
JimGorn, Coke, JimmyB and Sabcat, refer to the 6:56 PM, 29Sep2016 post.

Respectfully, Supposn
Inflation Calculator | Find US Dollar's Value from 1913-2016

After you have fun with the above ponder this. Wages get raised to keep up with the above chart. Rather through political activism or private action, the raising of base line wages are done to keep up with the devaluing of your currency. I would propose raising the value of our currency instead of just increasing the quantity of it. Socialists never ever get this. They can not comprehend principles such as cost of living and the purchasing power of your currency. They only see higher taxes and higher wages. Seriously, if you look at any progressive economic plan that is all there is to it. Raise taxes, raise wages, increase printing of currency. Repeat again. It can not keep doing that. It will not work forever.
Thanks from caconservative, Sabcat and Jimgorn
coke is offline  
Old November 29th, 2016, 05:32 AM   #27
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Quote:
Originally Posted by skews13 View Post
Economic Reality? ROTFLMFAO

You just said that? Economic Reality?

Help me out here. I thought Obamas economic policies were a total disaster, the country was in decline, we were on the wrong track, and wages were not keeping up because of it?

And Targets move has nothing to do with minimum wages being raised by cities and states around the country, and other businesses reciprocating because of it?

Target did this, as well as Walmart Totally because of "Economic Reality"?



Thanks, I needed that this morning.
You failed to understand the article.

Thanks from caconservative and Sabcat
coke is offline  
Old November 29th, 2016, 05:56 AM   #28
Senior Member
 
skews13's Avatar
 
Join Date: Nov 2012
Location: nirvana
Posts: 8,411
Quote:
Originally Posted by coke View Post
You failed to understand the article.

I got it just fine.

Another anti minimum wage moron twisting himself into a pretzel, and refuting his own anti Obama rhetoric, trying to sell a bullshit narrative, that another company, in what is becoming a long list of them raising their wage rates, because of what he himself describes as "economic reality".

You can't make this shit up.
Thanks from imaginethat
skews13 is offline  
Old November 29th, 2016, 06:44 AM   #29
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Quote:
Originally Posted by skews13 View Post
I got it just fine.

Another anti minimum wage moron twisting himself into a pretzel, and refuting his own anti Obama rhetoric, trying to sell a bullshit narrative, that another company, in what is becoming a long list of them raising their wage rates, because of what he himself describes as "economic reality".

You can't make this shit up.
Without being forced to do so by the almighty government. You fail to grasp that point. At all.
Thanks from caconservative and Sabcat
coke is offline  
Old November 29th, 2016, 03:36 PM   #30
Senior Member
 
Join Date: Sep 2015
Location: Lehigh Valley Pa.,USA
Posts: 6,685
Quote:
Originally Posted by coke View Post
Without being forced to do so by the almighty government. You fail to grasp that point. At all.
In Eco 101 it's called a wage-cost-push spiral......Socialist just do not understand this concept....
Thanks from caconservative and Sabcat
Jimgorn is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Economics

Tags
common, minimum, rhetorical, trick, wage



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Increase the Minimum Wage, hum? roastpork Current Events 138 October 8th, 2014 07:50 AM
Seattle; Minimum-Wage = $15!!! Medicine Man Current Events 42 July 6th, 2014 02:02 PM
Minimum (Minimal) Wage?? Medicine Man Current Events 12 June 2nd, 2014 09:00 AM
The federal minimum wage affects ALL wage and salary rates. Supposn Economics 157 June 9th, 2013 11:54 AM
Minimum wage Supposn Money and Finance 0 February 22nd, 2010 07:31 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.