What would happen to the economy if minimum wages are raised?

[Skull Pilot]

it is simple economics that when wages are kept low

Kept low? Now what evil fellow has the power to do that?

which means that local businesses in working class areas do not have enough paying customers.

Do you feel that a small business with $10,000 in extra wage expenses and $10,000 in extra sales sees a net benefit?

the Boss.

The Boss has the power to keep national, hell, global wages, low?

Public policy does that, merely to have the poor work harder so the rich can get richer faster.

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.

Having a "work or die" ethic that merely tramples Individual Liberty and natural rights and equality; merely so the rich can get richer faster, is one egregious example. the right wing probably doesn't even recognize it simply Because, it is not about guns and gun equality.

Hey you don't have to work for anyone else.

You are free to live in a shack and be a subsistence farmer and be 100% self supporting

It's not up to me to pay your bills for you

 

[danielpalos]

improving the efficiency of any economy is not free; there is always some consolidation.

Answer the question

Where is the money going to come from to pay people like you who don't want to work unemployment welfare?

ending our drug war and improving the efficiency of our economy.

And you think that will be enough to pay lazy shits not to work?

I don't think so

We end the war on drugs and give the money back to the taxpayers in the form of lower rates not to have taxpayers support your lazy ass

sure; you merely don't understand economics. only capital has to work not fools or horses.

OK let me know when you make your first million collecting welfare

anyone can learn how to invest in the stock market, on unemployment.

 

[Skull Pilot]

Answer the question

Where is the money going to come from to pay people like you who don't want to work unemployment welfare?

ending our drug war and improving the efficiency of our economy.

And you think that will be enough to pay lazy shits not to work?

I don't think so

We end the war on drugs and give the money back to the taxpayers in the form of lower rates not to have taxpayers support your lazy ass

sure; you merely don't understand economics. only capital has to work not fools or horses.

OK let me know when you make your first million collecting welfare

anyone can learn how to invest in the stock market, on unemployment.

And you think what you have left over after you pay for rent, food, utilities and other misc things from your welfare check will allow you to become a millionaire in the stock market?

Wow

 

[danielpalos]

the Boss.

The Boss has the power to keep national, hell, global wages, low?

Public policy does that, merely to have the poor work harder so the rich can get richer faster.

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.

Having a "work or die" ethic that merely tramples Individual Liberty and natural rights and equality; merely so the rich can get richer faster, is one egregious example. the right wing probably doesn't even recognize it simply Because, it is not about guns and gun equality.

Hey you don't have to work for anyone else.

You are free to live in a shack and be a subsistence farmer and be 100% self supporting

It's not up to me to pay your bills for you

how well did that work during the Great Depression? in any case, you make it seem like you are ok with public policy that enables the rich to get richer faster, by letting the poor starve to death.

 

[danielpalos]

ending our drug war and improving the efficiency of our economy.

And you think that will be enough to pay lazy shits not to work?

I don't think so

We end the war on drugs and give the money back to the taxpayers in the form of lower rates not to have taxpayers support your lazy ass

sure; you merely don't understand economics. only capital has to work not fools or horses.

OK let me know when you make your first million collecting welfare

anyone can learn how to invest in the stock market, on unemployment.

And you think what you have left over after you pay for rent, food, utilities and other misc things from your welfare check will allow you to become a millionaire in the stock market?

Wow

the Only problem with EBT cards now, is they can't be used with financial planners. Only the right, never gets it.

 

[Skull Pilot]

The Boss has the power to keep national, hell, global wages, low?

Public policy does that, merely to have the poor work harder so the rich can get richer faster.

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.

Having a "work or die" ethic that merely tramples Individual Liberty and natural rights and equality; merely so the rich can get richer faster, is one egregious example. the right wing probably doesn't even recognize it simply Because, it is not about guns and gun equality.

Hey you don't have to work for anyone else.

You are free to live in a shack and be a subsistence farmer and be 100% self supporting

It's not up to me to pay your bills for you

how well did that work during the Great Depression? in any case, you make it seem like you are ok with public policy that enables the rich to get richer faster, by letting the poor starve to death.

You do realize that the rich don't pay into SS don't you?

It is funded on the backs of those making less than 106K a year

 

[danielpalos]

Public policy does that, merely to have the poor work harder so the rich can get richer faster.

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.

Having a "work or die" ethic that merely tramples Individual Liberty and natural rights and equality; merely so the rich can get richer faster, is one egregious example. the right wing probably doesn't even recognize it simply Because, it is not about guns and gun equality.

Hey you don't have to work for anyone else.

You are free to live in a shack and be a subsistence farmer and be 100% self supporting

It's not up to me to pay your bills for you

how well did that work during the Great Depression? in any case, you make it seem like you are ok with public policy that enables the rich to get richer faster, by letting the poor starve to death.

You do realize that the rich don't pay into SS don't you?

It is funded on the backs of those making less than 106K a year

good for the rich; they appreciate your help getting richer, faster.

 

[Skull Pilot]

And you think that will be enough to pay lazy shits not to work?

I don't think so

We end the war on drugs and give the money back to the taxpayers in the form of lower rates not to have taxpayers support your lazy ass

sure; you merely don't understand economics. only capital has to work not fools or horses.

OK let me know when you make your first million collecting welfare

anyone can learn how to invest in the stock market, on unemployment.

And you think what you have left over after you pay for rent, food, utilities and other misc things from your welfare check will allow you to become a millionaire in the stock market?

Wow

the Only problem with EBT cards now, is they can't be used with financial planners. Only the right, never gets it.

Really why use a financial planner I thought you could learn to do it on your own?
And how much will be left a month on your welfare card to invest in the market?

$10?

 

[Skull Pilot]

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.

Having a "work or die" ethic that merely tramples Individual Liberty and natural rights and equality; merely so the rich can get richer faster, is one egregious example. the right wing probably doesn't even recognize it simply Because, it is not about guns and gun equality.

Hey you don't have to work for anyone else.

You are free to live in a shack and be a subsistence farmer and be 100% self supporting

It's not up to me to pay your bills for you

how well did that work during the Great Depression? in any case, you make it seem like you are ok with public policy that enables the rich to get richer faster, by letting the poor starve to death.

You do realize that the rich don't pay into SS don't you?

It is funded on the backs of those making less than 106K a year

good for the rich; they appreciate your help getting richer, faster.

Hey I don't pay into SS because most of my income comes from business profits and rents

I'm on my payroll for 30K a year and I put most of that into retirement savings so I defer income taxes on it

It's not my fault you can't run your own business

 

[Wry Catcher]

Since people on minimum wages, unable to save, spend it all. So, it would be good for business were the wages raised.

Why can't they save? Oh yea they are liberals, don't know math, economics , finances and who not to vote for... High tax democrats



.

Food, clothing, shelter and transportation. Only a callous conservative would ask such a question.

Again I can live on $20 bucks a week in food if I wanted too. Well I hunt and fish




Shelter... Again Chicago 1 bedroom apt $1,000 a red state like SC $400



Soo as you were saying?



.

I didn't say anything, I wrote something you can't seem to comprehend. You seem to argue based on both biases and ignorance, and thus are unable or unwilling to consider reality.

Bullshit you said food, clothing and shelter...yet you Dont want to mention the elephant's in the room


The poor always voting for high tax democrats, you guys always want to ignore that.


And it slipped my mind...now they have to pay for health care before food, shelter and clothing..besides again any body can save money if they really wanted too.

Health costs are subsidized by Obamacare, in fact the poor received their HC in ER's before the passing of health care reform, which is more costly since early treatment is usually less costly then waiting for a health crisis to develop.

Sure, anybody can safe money, but at what cost?

 

[danielpalos]

sure; you merely don't understand economics. only capital has to work not fools or horses.

OK let me know when you make your first million collecting welfare

anyone can learn how to invest in the stock market, on unemployment.

And you think what you have left over after you pay for rent, food, utilities and other misc things from your welfare check will allow you to become a millionaire in the stock market?

Wow

the Only problem with EBT cards now, is they can't be used with financial planners. Only the right, never gets it.

Really why use a financial planner I thought you could learn to do it on your own?
And how much will be left a month on your welfare card to invest in the market?

$10?

depends; i could rent a room with someone and go to school.

 

[hadit]

Since people on minimum wages, unable to save, spend it all. So, it would be good for business were the wages raised.

yes, it would. it will increase demand in the long run, since the poor will be spending at the new minimum wage level.

The poor that have jobs, that is. There would be fewer that actually have jobs at the higher wage.

There would be fewer working for slave wages if the minimum wage is higher.

There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.

 

[Wry Catcher]

LMAO General statements such as these ^^^ have no value whatsoever. A struggling business may cut jobs, a thriving business may make adjustments. A government which raises the minimum wage, may provide targeted tax incentives.

I think we should pay unemployment compensation at one dollar an hour less than the minimum wage, simply for the sake of employment at will.

Policy changes such as the one you're recommended have consequences beyond those intended.

like what? solving for simple poverty on an at-will basis?

Unintended consequences are not easily predicted, or they would be vetted before changing a policy or activity. Isn't that obvious?

It is about Individual Liberty. Unintended consequences can be handled via the common law.

"Individual liberty"? Explain that concept on its actual, real world, meaning.

 

[hadit]

, companies cannot afford to pay workers more than their work is worth.

and lets never forget that a libcommie wants a higher minimum wage and 1001 other interventions in the economy too becuase he lacks the IQ to understand how capitalism works!!

Capitalism Only works because it is constantly bailed out by socialism.

Raising the minimum wage will have the effect of improving our Standard of living to that extent. Along with solving simple poverty on an at-will basis in our at-will employment States.

So why not just eliminate poverty altogether by raising the MW to $100/hr?

because you need to solve simple poverty somehow; regardless of any right Right to Work in any right to work States.

Do you believe we would eliminate poverty if we set the MW to $100/hr tomorrow?

 

[danielpalos]

Having a "work or die" ethic that merely tramples Individual Liberty and natural rights and equality; merely so the rich can get richer faster, is one egregious example. the right wing probably doesn't even recognize it simply Because, it is not about guns and gun equality.

Hey you don't have to work for anyone else.

You are free to live in a shack and be a subsistence farmer and be 100% self supporting

It's not up to me to pay your bills for you

how well did that work during the Great Depression? in any case, you make it seem like you are ok with public policy that enables the rich to get richer faster, by letting the poor starve to death.

You do realize that the rich don't pay into SS don't you?

It is funded on the backs of those making less than 106K a year

good for the rich; they appreciate your help getting richer, faster.

Hey I don't pay into SS because most of my income comes from business profits and rents

I'm on my payroll for 30K a year and I put most of that into retirement savings so I defer income taxes on it

It's not my fault you can't run your own business

it isn't for everyone. i prefer to grow plants and work at the speed of plants growing.

 

[Wry Catcher]

Q. What would happen to the economy if minimum wages are raised

A. Nothing draconian, the extra income would be spent within the local community to make life a bit easier for the working poor. Many are exploited by small retail businesses, which could be subsidized by local government for their extra costs with targeted tax and or fee deferments.

 

[danielpalos]

Why can't they save? Oh yea they are liberals, don't know math, economics , finances and who not to vote for... High tax democrats



.

Food, clothing, shelter and transportation. Only a callous conservative would ask such a question.

Again I can live on $20 bucks a week in food if I wanted too. Well I hunt and fish




Shelter... Again Chicago 1 bedroom apt $1,000 a red state like SC $400



Soo as you were saying?



.

I didn't say anything, I wrote something you can't seem to comprehend. You seem to argue based on both biases and ignorance, and thus are unable or unwilling to consider reality.

Bullshit you said food, clothing and shelter...yet you Dont want to mention the elephant's in the room


The poor always voting for high tax democrats, you guys always want to ignore that.


And it slipped my mind...now they have to pay for health care before food, shelter and clothing..besides again any body can save money if they really wanted too.

Health costs are subsidized by Obamacare, in fact the poor received their HC in ER's before the passing of health care reform, which is more costly since early treatment is usually less costly then waiting for a health crisis to develop.

Sure, anybody can safe money, but at what cost?

more money being circulated means markets will work more efficiently.

 

[danielpalos]

Since people on minimum wages, unable to save, spend it all. So, it would be good for business were the wages raised.

yes, it would. it will increase demand in the long run, since the poor will be spending at the new minimum wage level.

The poor that have jobs, that is. There would be fewer that actually have jobs at the higher wage.

There would be fewer working for slave wages if the minimum wage is higher.

There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.

who cares, if those not employed can opt for unemployment compensation?

 

[danielpalos]

I think we should pay unemployment compensation at one dollar an hour less than the minimum wage, simply for the sake of employment at will.

Policy changes such as the one you're recommended have consequences beyond those intended.

like what? solving for simple poverty on an at-will basis?

Unintended consequences are not easily predicted, or they would be vetted before changing a policy or activity. Isn't that obvious?

It is about Individual Liberty. Unintended consequences can be handled via the common law.

"Individual liberty"? Explain that concept on its actual, real world, meaning.

it means, you are no longer a wage slave. you don't have to work for money; you just have to work if you want to "get rich".

 

[danielpalos]

, companies cannot afford to pay workers more than their work is worth.

and lets never forget that a libcommie wants a higher minimum wage and 1001 other interventions in the economy too becuase he lacks the IQ to understand how capitalism works!!

Capitalism Only works because it is constantly bailed out by socialism.

Raising the minimum wage will have the effect of improving our Standard of living to that extent. Along with solving simple poverty on an at-will basis in our at-will employment States.

So why not just eliminate poverty altogether by raising the MW to $100/hr?

because you need to solve simple poverty somehow; regardless of any right Right to Work in any right to work States.

Do you believe we would eliminate poverty if we set the MW to $100/hr tomorrow?

no; you still asking that question is why I don't take the right seriously about economics.