Minimum Wage Increase: They Never Talks About the SALES

[protectionist]

Ever heard of China??

Ever hear of TARIFFS ?

 

[EdwardBaiamonte]

A nice explanation....

Proof Perfect That The Minimum Wage Costs Jobs - Forbes

Hiding behind long, drawn-out links, that you know nobody wants to bother reading, isn't going to win any debates. If you have something to say, say it. Without presenting a small book.

we have already lost 30 million jobs to China because of low wages

 

[2aguy]

And how it hurt India...

So Let s Look At What Happens When They Raise The Minimum Wage In Bangladesh - Forbes


Sirajul Islam Rony, a workers’ representative on the wage board that fixed the new minimum pay and other labor leaders have said some factories had shed workers following the government announcement to slash wage bills.

Oh, what? You mean that if labour rises in price then people will purchase less of it?

Abdus Salam Murshedy, president of the Exporters Association of Bangladesh, a trade group said owners had no choice but to streamline their operations. “We have to increase productivity and cut costs, especially since the country is going through political unrest, which is hurting production,” he said.

“Increase productivity” means either using less labour to gain the same output or gaining more output from the same labour. Either way, less labour overall will be used assuming that total output remains the same.

Manufacturers like Ms. Huq say Bangladeshi factories have more low-skilled “helpers” in every production line compared to more technologically advanced countries like China, which push wage bills up. Ms. Huq said the man-to-machine ratio in Bangladesh is as high as 1:2.75, whereas in countries like Cambodia it stands at 1:1.

Or they will install more machines: which again means less labour used for the same level of output.

 

[boedicca]

Ever heard of China??

Ever hear of TARIFFS ?

Ever heard of how much Federal Debt is owned by China?

 

[EdwardBaiamonte]

Ever heard of China??

Ever hear of TARIFFS ?

dear, if you have to make everythinkg yourself you die of poverty!!!!

In Econ. 101 you learn the Goldern Rule:

The more with whom you trade the richer you get whether they are across the street or across the globe. The fewer you trade with the poorer you get. Imagine how poor you'd be if you had to trade with 1000 people only, or, imagine if there was no trade and you had to make everything yourself. This is Econ 101 class one day one

Also, you learn that Hawley Smoot Tariff caused the Great Depression.

Now you know why virtually 100% of economists are for free trade

 

[2aguy]

Ever heard of China??

Ever hear of TARIFFS ?

dear, if you have to make everythinkg yourself you die of poverty!!!!

In Econ. 101 you learn the Goldern Rule:

The more with whom you trade the richer you get whether they are across the street or across the globe. The fewer you trade with the poorer you get. Imagine how poor you'd be if you had to trade with 1000 people only, or, imagine if there was no trade and you had to make everything yourself. This is Econ 101 class one day one

Also, you learn that Hawley Smoot Tariff caused the Great Depression.

Now you know why virtually 100% of economists are for free trade

Except for the lefties....they live in fantasy worlds....where pixie dust and rainbows create everything we need.....

 

[protectionist]

Where does the money come from to pay the increase in salary....?

From the business owner, where do you think ?

100% stupid as always. A Rolls Royce costs more than an apple not becuase the business owner pays more but becayse the customer pays more!! Get it???

The customers pays the costs of production!! A child would know this!!

Let's go back to this >>

"Where does the money come from to pay the increase in salary....?"

"From the business owner, where do you think ?"

OK. From the business owner. So ? What's the problem ? (without reciting a poem)

 

[EdwardBaiamonte]

And how it hurt India...

So Let s Look At What Happens When They Raise The Minimum Wage In Bangladesh - Forbes


Sirajul Islam Rony, a workers’ representative on the wage board that fixed the new minimum pay and other labor leaders have said some factories had shed workers following the government announcement to slash wage bills.

Oh, what? You mean that if labour rises in price then people will purchase less of it?

Abdus Salam Murshedy, president of the Exporters Association of Bangladesh, a trade group said owners had no choice but to streamline their operations. “We have to increase productivity and cut costs, especially since the country is going through political unrest, which is hurting production,” he said.

“Increase productivity” means either using less labour to gain the same output or gaining more output from the same labour. Either way, less labour overall will be used assuming that total output remains the same.

Manufacturers like Ms. Huq say Bangladeshi factories have more low-skilled “helpers” in every production line compared to more technologically advanced countries like China, which push wage bills up. Ms. Huq said the man-to-machine ratio in Bangladesh is as high as 1:2.75, whereas in countries like Cambodia it stands at 1:1.

Or they will install more machines: which again means less labour used for the same level of output.

yes clothes production moves around the globe to the cheapest source of labor. Thats why most of us can afford clothes!!

 

[EdwardBaiamonte]

Where does the money come from to pay the increase in salary....?

From the business owner, where do you think ?

100% stupid as always. A Rolls Royce costs more than an apple not becuase the business owner pays more but becayse the customer pays more!! Get it???

The customers pays the costs of production!! A child would know this!!

Let's go back to this >>

"Where does the money come from to pay the increase in salary....?"

"From the business owner, where do you think ?"

OK. From the business owner. So ? What's the problem ? (without reciting a poem)

no dear, from the customer. Costs must be passed on to the customer to make a profit

 

[boedicca]

Where does the money come from to pay the increase in salary....?

From the business owner, where do you think ?

100% stupid as always. A Rolls Royce costs more than an apple not becuase the business owner pays more but becayse the customer pays more!! Get it???

The customers pays the costs of production!! A child would know this!!

Let's go back to this >>

"Where does the money come from to pay the increase in salary....?"

"From the business owner, where do you think ?"

OK. From the business owner. So ? What's the problem ? (without reciting a poem)

If the money comes from the business owner, why do you think the Government should be able to force him to give his employees a raise?

 

[EdwardBaiamonte]

Where does the money come from to pay the increase in salary....?

From the business owner, where do you think ?

100% stupid as always. A Rolls Royce costs more than an apple not becuase the business owner pays more but becayse the customer pays more!! Get it???

The customers pays the costs of production!! A child would know this!!

Let's go back to this >>

"Where does the money come from to pay the increase in salary....?"

"From the business owner, where do you think ?"

OK. From the business owner. So ? What's the problem ? (without reciting a poem)

If they money comes from the business owner, why do you think the Government should be able to force him to give his employees a raise?

the liberal is a violentNazi at heart who would force business to to do 1000 things at the point of a gun if given their way.

 

[protectionist]

dear, if you have to make everythinkg yourself you die of poverty!!!!

In Econ. 101 you learn the Goldern Rule:

The more with whom you trade the richer you get whether they are across the street or across the globe. The fewer you trade with the poorer you get. Imagine how poor you'd be if you had to trade with 1000 people only, or, imagine if there was no trade and you had to make everything yourself. This is Econ 101 class one day one

Also, you learn that Hawley Smoot Tariff caused the Great Depression.

Now you know why virtually 100% of economists are for free trade

1. I taught microeconomics 101.

2. I never said anything against trade, in general (just unfair trade)

3. Free trade (AKA outsourcing) is one of the prime causes if unemployment in America. That is from international outsourcing (US jobs leave here and go overseas), and domestic outsourcing (AKA immigration). In both cases, US workers lose jobs, and US businesses lose sales$$$. They lose sales with immigrant workers too, since the immigrants wire so much of their pay overseas, instead of spending in US stores (AKA the economy). In 2013, illegal alien workers and visa workers both extracted $123 Billion out of the US economy and turned that into remittances$$$$, then reinserted into the economies of their home countries (primarily China, Mexico, India, Phillipines)

 

[protectionist]

If the money comes from the business owner, why do you think the Government should be able to force him to give his employees a raise?

1. So that workers will not be engaged in what would amount to economic slavery.

2. So that there would not be a lack of disposable income, depriving business owners of SALES$$$ (did you notice the TITLE OF THIS OP ?)

 

[EdwardBaiamonte]

dear, if you have to make everythinkg yourself you die of poverty!!!!

In Econ. 101 you learn the Goldern Rule:

The more with whom you trade the richer you get whether they are across the street or across the globe. The fewer you trade with the poorer you get. Imagine how poor you'd be if you had to trade with 1000 people only, or, imagine if there was no trade and you had to make everything yourself. This is Econ 101 class one day one

Also, you learn that Hawley Smoot Tariff caused the Great Depression.

Now you know why virtually 100% of economists are for free trade

1. I taught microeconomics 101.

2. I never said anything against trade, in general (just unfair trade)

3. Free trade (AKA outsourcing) is one of the prime causes if unemployment in America. That is from international outsourcing (US jobs leave here and go overseas), and domestic outsourcing (AKA immigration). In both cases, US workers lose jobs, and US businesses lose sales$$$. They lose sales with immigrant workers too, since the immigrants wire so much of their pay overseas, instead of spending in US stores (AKA the economy). In 2013, illegal alien workers and visa workers both extracted $123 Billion out of the US economy and turned that into remittances$$$$, then reinserted into the economies of their home countries (primarily China, Mexico, India, Phillipines)

too stupid!!! So do you want to grow our own bananas at $20 a pound or buy them from SA at .05 cents a pound. Think of all the green house workers we could employ!!!

See why we say liberalism is based in pure ignorance.

 

[protectionist]

the liberal is a violentNazi at heart who would force business to to do 1000 things at the point of a gun if given their way.

Conservatives support raising the minimum wage 55% to 45%. It's not a liberal vs Conservative issue.

 

[EdwardBaiamonte]

1. So that workers will not be engaged in what would amount to economic slavery.

dear, workers are free to move and take the best jobs offered to them in the country!!!
Thats not slavery.

Also, employers must provide the best jobs wages and products just to survive. That's the pure beauty of Republican capitalism.

Do you understand now??

 

[boedicca]

If the money comes from the business owner, why do you think the Government should be able to force him to give his employees a raise?

1. So that workers will not be engaged in what would amount to economic slavery.

2. So that there would not be a lack of disposable income, depriving business owners of SALES$$$ (did you notice the TITLE OF THIS OP ?)

What a load of TWADDLE.

There are real slaves in the world today, i.e., the young Yazidi girls being used as sex slaves by Isis (just one example of many). It is an outrage to equate their condition with low skilled laborers in the U.S. who are free to take and quit jobs.

If you really taught economics, your students were Very Poorly Instructed Indeed.

 

[EdwardBaiamonte]

the liberal is a violentNazi at heart who would force business to to do 1000 things at the point of a gun if given their way.

Conservatives support raising the minimum wage 55% to 45%. It's not a liberal vs Conservative issue.

too stupid!!! so what???? there are 60 million self described conservatives most of whom know as little as you do about economics!!

 

[boedicca]

the liberal is a violentNazi at heart who would force business to to do 1000 things at the point of a gun if given their way.

Conservatives support raising the minimum wage 55% to 45%. It's not a liberal vs Conservative issue.

Link?

 

[protectionist]

dear, if you have to make everythinkg yourself you die of poverty!!!!

In Econ. 101 you learn the Goldern Rule:

The more with whom you trade the richer you get whether they are across the street or across the globe. The fewer you trade with the poorer you get. Imagine how poor you'd be if you had to trade with 1000 people only, or, imagine if there was no trade and you had to make everything yourself. This is Econ 101 class one day one

Also, you learn that Hawley Smoot Tariff caused the Great Depression.

Now you know why virtually 100% of economists are for free trade

1. I taught microeconomics 101.

2. I never said anything against trade, in general (just unfair trade)

3. Free trade (AKA outsourcing) is one of the prime causes if unemployment in America. That is from international outsourcing (US jobs leave here and go overseas), and domestic outsourcing (AKA immigration). In both cases, US workers lose jobs, and US businesses lose sales$$$. They lose sales with immigrant workers too, since the immigrants wire so much of their pay overseas, instead of spending in US stores (AKA the economy). In 2013, illegal alien workers and visa workers both extracted $123 Billion out of the US economy and turned that into remittances$$$$, then reinserted into the economies of their home countries (primarily China, Mexico, India, Phillipines)

too stupid!!! So do you want to grow our own bananas at $20 a pound or buy them from SA at .05 cents a pound. Think of all the green house workers we could employ!!!

See why we say liberalism is based in pure ignorance.

Harping on liberalism is going off on a wrong tangent. It isn't liberal to oppose immigration (AKA domestic outsourcing) as I do. Nor is it liberal to support raising the minimum wage. Sorry, your liberal card doesn't fly in this discussion.