Feds to set prices on GM cars

[The Rabbi]

So GM sells low priced models. And they sell high priced models, like Cadillacs etc. If the Feds step in and declare that it represents discrimination against low income people and from now on all GM vehicles will be sold at the same price, what does anyone suppose will happen?
Right, GM will sell every model for the price of a Cadillac.
And when they do they that, how many low priced Chevys will they sell? Right, none. Because the price of the premium product is the same as the economy model.

Now, apply this to labor. The feds set a floor on the price of labor via min wage. Some workers can produce 10/hr in profit to their employers. Others much less. Now you're an employer needing to hire. Do you hire the 10/hr worker for 10/hr, or do you hire the 5/hr worker for 10/hr?
Duh, right. You hire the cadillac of low skilled workers.
That leaves a bunch of 5/hr workers without jobs.
Which is exactly the situation we have now. Raising the min wage makes that worse.
So remind me why we want to do that?

 

[jwoodie]

Because it feels good.

 

[Siete]

So GM sells low priced models. And they sell high priced models, like Cadillacs etc. If the Feds step in and declare that it represents discrimination against low income people and from now on all GM vehicles will be sold at the same price, what does anyone suppose will happen?
Right, GM will sell every model for the price of a Cadillac.
And when they do they that, how many low priced Chevys will they sell? Right, none. Because the price of the premium product is the same as the economy model.

Now, apply this to labor. The feds set a floor on the price of labor via min wage. Some workers can produce 10/hr in profit to their employers. Others much less. Now you're an employer needing to hire. Do you hire the 10/hr worker for 10/hr, or do you hire the 5/hr worker for 10/hr?
Duh, right. You hire the cadillac of low skilled workers.
That leaves a bunch of 5/hr workers without jobs.
Which is exactly the situation we have now. Raising the min wage makes that worse.
So remind me why we want to do that?

the UAW pays min wage?

who knew?

 

[The Rabbi]

Because it feels good.

That is almost the only reason. Beyond, it helps pols get re-elected. "Let's give America a raise" like now you're the bigshot handing out more money. Of course that's someone else's money.
How would "Let's put America out of work" go as a slogan? It at least would be mroe honest.

 

[The Rabbi]

So GM sells low priced models. And they sell high priced models, like Cadillacs etc. If the Feds step in and declare that it represents discrimination against low income people and from now on all GM vehicles will be sold at the same price, what does anyone suppose will happen?
Right, GM will sell every model for the price of a Cadillac.
And when they do they that, how many low priced Chevys will they sell? Right, none. Because the price of the premium product is the same as the economy model.

Now, apply this to labor. The feds set a floor on the price of labor via min wage. Some workers can produce 10/hr in profit to their employers. Others much less. Now you're an employer needing to hire. Do you hire the 10/hr worker for 10/hr, or do you hire the 5/hr worker for 10/hr?
Duh, right. You hire the cadillac of low skilled workers.
That leaves a bunch of 5/hr workers without jobs.
Which is exactly the situation we have now. Raising the min wage makes that worse.
So remind me why we want to do that?

the UAW pays min wage?

who knew?

Wow. Are you stupid. I mean, like, really. Dude, just dont bother.

 

[percysunshine]

.

About 30 years ago, this process gave us the 'Yugo'.

 

[Siete]

So GM sells low priced models. And they sell high priced models, like Cadillacs etc. If the Feds step in and declare that it represents discrimination against low income people and from now on all GM vehicles will be sold at the same price, what does anyone suppose will happen?
Right, GM will sell every model for the price of a Cadillac.
And when they do they that, how many low priced Chevys will they sell? Right, none. Because the price of the premium product is the same as the economy model.

Now, apply this to labor. The feds set a floor on the price of labor via min wage. Some workers can produce 10/hr in profit to their employers. Others much less. Now you're an employer needing to hire. Do you hire the 10/hr worker for 10/hr, or do you hire the 5/hr worker for 10/hr?
Duh, right. You hire the cadillac of low skilled workers.
That leaves a bunch of 5/hr workers without jobs.
Which is exactly the situation we have now. Raising the min wage makes that worse.
So remind me why we want to do that?

the UAW pays min wage?

who knew?

Wow. Are you stupid. I mean, like, really. Dude, just dont bother.

you use GM as an example, then make up a bs scenario centered around min wage.

and you call me stupid?

wow, you're a moron.

 

[Siete]

.

About 30 years ago, this process gave us the 'Yugo'.

he knows, he's still trying to buy parts for his.

 

[Tom Sweetnam]

Every thread Rabbi Amoretz starts descends into infantile name-calling within 3 posts. So the socialists are trying their best to wreak havoc on the world economy? That started 98 years ago. You know the best thing Americans can do for GM? Let them go under, for good, forever.

 

[The Rabbi]

Every thread Rabbi Amoretz starts descends into infantile name-calling within 3 posts. So the socialists are trying their best to wreak havoc on the world economy? That started 98 years ago. You know the best thing Americans can do for GM? Let them go under, for good, forever.

I truly appreciate your ignorance and anti-semitism. It's what makes America great.

But the point here is not automobiles or GM. The point is that if you make an inferior product the same price as a superior product you will never sell the inferior product. And a min wage does just that for labor.

 

[Tom Sweetnam]

Every thread Rabbi Amoretz starts descends into infantile name-calling within 3 posts. So the socialists are trying their best to wreak havoc on the world economy? That started 98 years ago. You know the best thing Americans can do for GM? Let them go under, for good, forever.

I truly appreciate your ignorance and anti-semitism. It's what makes America great.

But the point here is not automobiles or GM. The point is that if you make an inferior product the same price as a superior product you will never sell the inferior product. And a min wage does just that for labor.

So I'm anti-Semitic because I want GM to stand on its own two feet? Interesting.

 

[The Rabbi]

Every thread Rabbi Amoretz starts descends into infantile name-calling within 3 posts. So the socialists are trying their best to wreak havoc on the world economy? That started 98 years ago. You know the best thing Americans can do for GM? Let them go under, for good, forever.

I truly appreciate your ignorance and anti-semitism. It's what makes America great.

But the point here is not automobiles or GM. The point is that if you make an inferior product the same price as a superior product you will never sell the inferior product. And a min wage does just that for labor.

So I'm anti-Semitic because I want GM to stand on its own two feet? Interesting.

No, I dont know why you're anti semitic. Bad parenting maybe? I couldnt really guess.

 

[HenryBHough]

At any price only certified masochists buy Government Motors pseudo-vehicles.

 

[jwoodie]

But the point here is not automobiles or GM. The point is that if you make an inferior product the same price as a superior product you will never sell the inferior product. And a min wage does just that for labor.

Not fair to use higher level thinking with this crowd.

 

[hortysir]

Still not seeing an answer as to why I should give my lowest skilled employee a $2/hr raise

 

[The Rabbi]

Still not seeing an answer as to why I should give my lowest skilled employee a $2/hr raise

Because they deserve it, right?
So they can buy your products, right?
Because you can afford it, right?
All stupid reasons adduced by the left.

 

[candycorn]

Didn't bother to read the OP....can someone summarize this pack of lies by rabid?

 

[Politico]

Where do you people get this crap?

 

[The Rabbi]

Where do you people get this crap?

Translation: I can't understand the point, therefore it must be not true.

 

[zeke]

. If the Feds step in and

Feds to set prices on GM cars


Stupid fucking rabbit. You know what the word "IF" means you dumb fuck? How do you even type.