Rep. Steve King compares workers to commodities like beans and corn

[edthecynic]

I think you should look at the definition of commodity again. Electricity is neither tangible or physical, but it is still a commodity. You cannot buy electricity and "own" it because you have to use it when it is produced.

I guess that means that you are the one that is confused about what a commodity is.

Energy has it's own market sector in which oil, coal, natural gas and electricity are commodities. And I'm not buying electricity, I'm buying the output of a power plant over a period of time.

Not a really good example to use after Enron.

Deflection is a sign that you think you are loosing and do not want to admit it.

Enron actually proves my point since they were selling energy futures. Electricity is a commodity, and is not physical. That means you have to redefine commodity so that it includes electricity, however you want to define electricity.

Electricity is quite physical and as such can be MEASURED.

 

[Two Thumbs]

The government has no right to force a private business to pay any form a base pay.

You and King would be wrong, then – Congress indeed has the authority:

West Coast Hotel Co. v. Parrish (1937):

Facts of the Case:

Elsie Parrish, an employee of the West Coast Hotel Company, received sub- minimum wage compensation for her work. Parrish brought a suit to recover the difference between the wages paid to her and the minimum wage fixed by state law.
Question:

Did the minimum wage law violate the liberty of contract as construed under the Fifth Amendment as applied by the Fourteenth Amendment?
Conclusion:

In a 5-to-4 decision, the Court held that the establishment of minimum wages for women was constitutionally legitimate. The Court noted that the Constitution did not speak of the freedom of contract and that liberty was subject to the restraints of due process. The Court also noted that employers and employees were not equally "free" in negotiating contracts, since employees often were constrained by practical and economic realities. This was found to be especially true in the case of women. This case explicitly overruled the Court's decision in Adkins v. Children's Hospital (1923).

West Coast Hotel Co. v. Parrish | The Oyez Project at IIT Chicago-Kent College of Law

Nice to see you support tyranny, and are proud of it.

 

[The Rabbi]

Another Soros (tax exempt) Media Matters promotion of fake outrage? I don't mind the Soros financed political dirty tricks but I'm offended that his progressive propaganda is tax exempt. When is the GOP going to come down on this guy?

SOROS DERANGEMENT SYNDROME strikes again.

What would cons do without Soros, an influential Liberal who is worth $Billions.

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

 

[snjmom]

SOROS DERANGEMENT SYNDROME strikes again.

What would cons do without Soros, an influential Liberal who is worth $Billions.

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

 

[The T]

Rep. Steve King compares workers to commodities like beans and corn | Crooks and Liars [Video]

I'll take what are Unions and 'Big Labor' for $1,000 Alex...

 

[The Rabbi]

What would cons do without Soros, an influential Liberal who is worth $Billions.

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Lady you don't have a clue.
Steel is an input in many products. And it is a commodity. The two are not mutually exclusive. As for the rest of the statement, when someone gets a translator from Gibberish I can respond better.

 

[Quantum Windbag]

Energy has it's own market sector in which oil, coal, natural gas and electricity are commodities. And I'm not buying electricity, I'm buying the output of a power plant over a period of time.

Not a really good example to use after Enron.

Deflection is a sign that you think you are loosing and do not want to admit it.

Enron actually proves my point since they were selling energy futures. Electricity is a commodity, and is not physical. That means you have to redefine commodity so that it includes electricity, however you want to define electricity.

Electricity is quite physical and as such can be MEASURED.

So can vacuum, is that physical?

FYI, physical means tangible, and energy, by definition, is intangible. Thanks for again proving that you are still unaware of what cynic means.

 

[Quantum Windbag]

What would cons do without Soros, an influential Liberal who is worth $Billions.

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Does that mean that copper, iron, and oil are not commodities? They are all inputs of production that make automobiles.

Keep trying though.

 

[snjmom]

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Lady you don't have a clue.
Steel is an input in many products. And it is a commodity. The two are not mutually exclusive. As for the rest of the statement, when someone gets a translator from Gibberish I can respond better.

Steel is not an input. Steel is a raw material when used in the manufacturing of products that contain steel. Steel is a commodity. Please go back to economics class.

 

[edthecynic]

Deflection is a sign that you think you are loosing and do not want to admit it.

Enron actually proves my point since they were selling energy futures. Electricity is a commodity, and is not physical. That means you have to redefine commodity so that it includes electricity, however you want to define electricity.

Electricity is quite physical and as such can be MEASURED.

So can vacuum, is that physical?

FYI, physical means tangible, and energy, by definition, is intangible. Thanks for again proving that you are still unaware of what cynic means.

Tangible can be felt. Stick your fingers in a live electric socket and tell me you feel nothing!!!

 

[snjmom]

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Does that mean that copper, iron, and oil are not commodities? They are all inputs of production that make automobiles.

Keep trying though.

No, they are not inputs of production.


Inputs of production are Land, Labor, Capital and Enterprise.

Commodities are raw materials used in production.

My eco 101 prof would be failing the both of you for this fundamental misunderstanding of economics. Especially if you called money, Capital.

 

[MarcATL]

What would cons do without Soros, an influential Liberal who is worth $Billions.

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Righties don't know much of anytihng.

When you have MFers like Quantum redifining basic terms like what a commodity is, calling labor a commidity, when its a basic tenent that its, in fact, an input. They are deranged.

They are fools.

This is why they would and have, elected and continue to defend their fellow fools like Raygun and Bush.

Two of the this nation's economy most damaging people.

 

[Quantum Windbag]

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Does that mean that copper, iron, and oil are not commodities? They are all inputs of production that make automobiles.

Keep trying though.

No, they are not inputs of production.


Inputs of production are Land, Labor, Capital and Enterprise.

Commodities are raw materials used in production.

My eco 101 prof would be failing the both of you for this fundamental misunderstanding of economics. Especially if you called money, Capital.

Enterprise is not an input of anything, it is a concept. Land is part of the expenses and overhead, it is not an input. Capital only matters in that you have funds available to spend on materials.

 

[Quantum Windbag]

Win more elections?

It is hysterical watching the troglodytes here rise up in anger that their menial work is referred to as a commodity, when in fact it is just that. This triggers all kinds of class envy and warfare.
To sum up: King is right. Labor is a commodity. It is wrong for the gov't to decree what employers should pay employees for any particular job. It is wrong not just for the employers byt for employees as well, as they are the ones who lose out on jobs. Leftists don't understand economics, leading them to elect people like Obama.

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Righties don't know much of anytihng.

When you have MFers like Quantum redifining basic terms like what a commodity is, calling labor a commidity, when its a basic tenent that its, in fact, an input. They are deranged.

They are fools.

This is why they would and have, elected and continue to defend their fellow fools like Raygun and Bush.

Two of the this nation's economy most damaging people.

I am not redefining anything. I am simply pointing out what has been understood for years. Since you like quotes so much you might like this one.

"Labor is a commodity, like any other, and its price is therefore determined by exactly the same laws that apply to other commodities. In a regime of big industry or of free competition – as we shall see, the two come to the same thing – the price of a commodity is, on the average, always equal to its cost of production. Hence, the price of labor is also equal to the cost of production of labor. But, the costs of production of labor consist of precisely the quantity of means of subsistence necessary to enable the worker to continue working, and to prevent the working class from dying out. The worker will therefore get no more for his labor than is necessary for this purpose; the price of labor, or the wage, will, in other words, be the lowest, the minimum, required for the maintenance of life." - Friedrich Engels

By the way, thanks you for injecting a personal attack into what has been a reasonable debate.

 

[The Rabbi]

A commodity is something sold by price. Labor is exactly that. It doesn't matter whether the person running a machine is a PhD in Physics or a high school grad, assuming they are equally competent at the task. The determining factor for who gets the job is the price of labor, i.e. wage.

Without this understanding it is no wonder Lefties cannot grasp basic concepts.

 

[Trajan]

Obviously, rightists don't understand economics if they call an input of production one of the consumer goods of production, a commodity.

Does that mean that copper, iron, and oil are not commodities? They are all inputs of production that make automobiles.

Keep trying though.

No, they are not inputs of production.


Inputs of production are Land, Labor, Capital and Enterprise.

Commodities are raw materials used in production.

My eco 101 prof would be failing the both of you for this fundamental misunderstanding of economics. Especially if you called money, Capital.

no offense mom, but your sole contribution here has been some hacked un-attributed wiki entry's and some verbiage I cannot even translate.... I love Ur avatar though, so, have a nice day ok...

 

[Trajan]

[
Righties don't know much of anytihng.

When you have MFers like Quantum redifining basic terms like what a commodity is, calling labor a commidity, when its a basic tenent that its, in fact, an input. They are deranged.

 

[The T]

A commodity is something sold by price. Labor is exactly that. It doesn't matter whether the person running a machine is a PhD in Physics or a high school grad, assuming they are equally competent at the task. The determining factor for who gets the job is the price of labor, i.e. wage.

Without this understanding it is no wonder Lefties cannot grasp basic concepts.

And it is the comapanies...the MARKET which sets the precident on what can be afforded by each...hence competition...NOT Government mandates.

 

[The Rabbi]

A commodity is something sold by price. Labor is exactly that. It doesn't matter whether the person running a machine is a PhD in Physics or a high school grad, assuming they are equally competent at the task. The determining factor for who gets the job is the price of labor, i.e. wage.

Without this understanding it is no wonder Lefties cannot grasp basic concepts.

And it is the comapanies...the MARKET which sets the precident on what can be afforded by each...hence competition...NOT Government mandates.

Or it should be.
In practice when gov't sets floors to the cost of labor they restrict the availability of jobs. If a project that costs $50M cannot be done profitably but could be done profitably at $35M then the labor that would have been hired at the lower price is not hired at all.

 

[The T]

A commodity is something sold by price. Labor is exactly that. It doesn't matter whether the person running a machine is a PhD in Physics or a high school grad, assuming they are equally competent at the task. The determining factor for who gets the job is the price of labor, i.e. wage.

Without this understanding it is no wonder Lefties cannot grasp basic concepts.

And it is the comapanies...the MARKET which sets the precident on what can be afforded by each...hence competition...NOT Government mandates.

Or it should be.
In practice when gov't sets floors to the cost of labor they restrict the availability of jobs. If a project that costs $50M cannot be done profitably but could be done profitably at $35M then the labor that would have been hired at the lower price is not hired at all.

Yep. And of Labor? I think the NLRB needs to GO...defunded.