$15/hour min wage - opposition op-ed on Slate.com

[Zorkorist]

Because of debt.

All of these fucking liberals, that keep saying "raise the minimum wage" are happy to do this because it all goes into our debt.

Our fucking massive debt.

-John

 

[ivwshane]

Because of debt.

All of these fucking liberals, that keep saying "raise the minimum wage" are happy to do this because it all goes into our debt.

Our fucking massive debt.

-John

Wow! I don't think you could be any more fucking retarded if you tried!

 

[Zorkorist]

It makes Government more important, and free enterprise less important.

It's a pure Government play against freedom.

-John

 

[Zorkorist]

Wow! I don't think you could be any more fucking retarded if you tried!

Attacking early tonight, iwshane.

Giving up on arguing?

-John

 

[Bowfinger]

Wow! I don't think you could be any more fucking retarded if you tried!

His secret is lots of practice.

 

[DucatiMonster696]

Companies are already doing that, so your argument is that raising the minimum wage will cause companies to continue doing what they are already doing?

Because some companies are already doing this (due to localized minimum wage hikes, or the effect of Obamacare, etc) does not disprove anything. Furthermore, my argument is that pushing up the minimum wage rate artificially at a federal level to a level that is not supported by the labor markets in many local regions of the US will expand this action across many more businesses and industries, and within the economy itself along with increasing and propping up the rate and length of period at which this actions occur.

 

[ivwshane]

Attacking early tonight, iwshane.

Giving up on arguing?

-John

It's not arguing when the other person refuses to acknowledge facts let alone provide any themselves. Or is this the one time you will back up your claim with a good citation?

 

[Zorkorist]

Which argument I have made would you like me to prove?

-John

 

[Darwin333]

No it doesn't.

Increasing the cost to make a widget does not increase the cost of a widget then? Where exactly does all the extra money come from?

 

[ivwshane]

Because some companies are already doing this (due to localized minimum wage hikes, or the effect of Obamacare, etc) does not disprove anything. Furthermore, my argument is that pushing up the minimum wage rate artificially at a federal level to a level that is not supported by the labor markets in many local regions of the US will expand this action across many more businesses and industries, and within the economy itself along with increasing and propping up the rate and length of period at which this actions occur.

Do you know how I know that claim is bullshit? Because workers wages have stagnated and not kept up with inflation, despite increased productivity, increased profits, increased corporate savings, and yet companies have been doing what you claim they will be doing even more for decades!

Your claim is BS and not supported by any facts, sorry.

 

[Zorkorist]

Any "workers wages" have been sucked up and spit out by a Government whose only purpose appears to be to subjugate, and make subordinate, normal people.

The Government has spent, regulated, and mandated beyond it's means, and drives the country into debt.

There is very little a normal person can do to combat the Government. Minimum wages, aren't going to help combat the Government, as prices will only become that much higher.

-John

 

[senseamp]

Yes, because wages in one city which has a high relative cost of living is clearly applicable to the rest of the country.

So places with high cost of living can raise minimum wage to $15 no problem? Somehow rightwing economists don't tell us this when making their doomsday predictions about how any minimum wage increases will lead to disaster.

 

[Bock]

The entire raising minimum wage thing isn't really to help out the minimum wage workers. The prices of everything said workers consume would just go up. Housing, utilities, gas, everything.

Do you know why certain billionaires support minimum wage increases? Most of their wealth is tied up in real capital, not in a bank. Any increases to minimum wage will just make them wealthier. Millionaires & hundred thousand aires otoh, will be ofc reamed over the coals by this. That $500k in the bank decrease in purchasing power if minimum wage goes up substantially; like almost doubling it to 15 an hour.

 

[senseamp]

The entire raising minimum wage thing isn't really to help out the minimum wage workers. The prices of everything said workers consume would just go up. Housing, utilities, gas, everything.

Do you know why certain billionaires support minimum wage increases? Most of their wealth is tied up in real capital, not in a bank. Any increases to minimum wage will just make them wealthier. Millionaires & hundred thousand aires otoh, will be ofc reamed over the coals by this. That $500k in the bank decrease in purchasing power if minimum wage goes up substantially; like almost doubling it to 15 an hour.

That assumes no slack in supply. What's actually going to happen for most products is that companies will make more of them to meet the demand from minimum wage earners with more money to spend. Meaning a growing economy. Rising tide lifts all boats.

 

[ivwshane]

Which argument I have made would you like me to prove?

-John

How about explain how raising the minimum wage raises our debt.

 

[Zorkorist]

I'll do so. Thanks for the opportunity.

-John

 

[Zorkorist]

That assumes no slack in supply. What's actually going to happen for most products is that companies will make more of them to meet the demand from minimum wage earners with more money to spend. Meaning a growing economy. Rising tide lifts all boats.

It's only rising, because of Government being able to sock away debt.

The moment you tell them that Government will not sock away debt, things start to get real.

-John

 

[ivwshane]

Increasing the cost to make a widget does not increase the cost of a widget then? Where exactly does all the extra money come from?

I never made that claim nor was that the claim that was made.

 

[Darwin333]

I never made that claim nor was that the claim that was made.

Ok, I'll shorten the question.

Where exactly does the extra money come from?

 

[ivwshane]

Ok, I'll shorten the question.

Where exactly does the extra money come from?

It could come from any number of things or combination of things.

In no particular order:

High prices
Reduction in quality
Reduction in labor (hours worked or personnel)
Increase in employee output (harder working employees, more efficient employees, reduction in bad customer service/increase in good customer service)
Increase in consumer demand
And lastly, simply reducing the percentage of profit.

I'm sure there are more but you should get the point.

 

[umbrella39]

Wow... is the bubble that some of you live in made of diamonds?

 

[ivwshane]

The entire raising minimum wage thing isn't really to help out the minimum wage workers. The prices of everything said workers consume would just go up. Housing, utilities, gas, everything.

Do you know why certain billionaires support minimum wage increases? Most of their wealth is tied up in real capital, not in a bank. Any increases to minimum wage will just make them wealthier. Millionaires & hundred thousand aires otoh, will be ofc reamed over the coals by this. That $500k in the bank decrease in purchasing power if minimum wage goes up substantially; like almost doubling it to 15 an hour.

Uh what?

 

[senseamp]

Republican logic. Don't try to understand it, just understand the sort of mind that it comes from. Note the creative use of class warfare that a minimum wage increase would somehow benefit the rich too, so we shouldn't do it.

 

[alcoholbob]

If American workers are more productive, then why can't we see that in our balance of trade? Where are all of these extra goods that we are producing? Furthermore, capital investment has been plummeting for decades now, how are workers possibly becoming more productive?

 

[nickqt]

If American workers are more productive, then why can't we see that in our balance of trade? Where are all of these extra goods that we are producing? Furthermore, capital investment has been plummeting for decades now, how are workers possibly becoming more productive?