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For those who support then minimum wage... (Read 5655 times)
Auggie
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For those who support then minimum wage...
Apr 22nd, 2017 at 12:41pm
 
For those who support the minimum wage....

Give me a job or shut the f' up.
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Grappler Truth Teller Feller
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Re: For those who support then minimum wage...
Reply #1 - Apr 22nd, 2017 at 12:59pm
 
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.



Aha - the truth so well concealed......
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Auggie
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Re: For those who support then minimum wage...
Reply #2 - Apr 22nd, 2017 at 1:14pm
 
Grappler Truth Teller Feller wrote on Apr 22nd, 2017 at 12:59pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.



Aha - the truth so well concealed......

And what truth is that, Ye Grappler?
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TheFunPolice
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Re: For those who support then minimum wage...
Reply #3 - Apr 22nd, 2017 at 1:25pm
 
Auggie wrote on Apr 22nd, 2017 at 1:14pm:
Grappler Truth Teller Feller wrote on Apr 22nd, 2017 at 12:59pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.



Aha - the truth so well concealed......

And what truth is that, Ye Grappler?

That you're anti-union and pro-planet accountant i.e. a **** (I'm guessing of course!)

[Hey: who knew that white collar crime was a fiction  Shocked !??????????!]
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......Australia has an illegitimate Government!
 
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Auggie
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Re: For those who support then minimum wage...
Reply #4 - Apr 22nd, 2017 at 1:26pm
 
TheFunPolice wrote on Apr 22nd, 2017 at 1:25pm:
Auggie wrote on Apr 22nd, 2017 at 1:14pm:
Grappler Truth Teller Feller wrote on Apr 22nd, 2017 at 12:59pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.



Aha - the truth so well concealed......

And what truth is that, Ye Grappler?

That you're anti-union and pro-planet accountant i.e. a **** (I'm guessing of course!)

[Hey: who knew that white collar crime was a fiction  Shocked !??????????!]


Calling someone a **** is not an argument, AnotherJourneyByTrain. Try using your brain this time.
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TheFunPolice
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Re: For those who support then minimum wage...
Reply #5 - Apr 22nd, 2017 at 1:30pm
 
Auggie wrote on Apr 22nd, 2017 at 1:26pm:
TheFunPolice wrote on Apr 22nd, 2017 at 1:25pm:
Auggie wrote on Apr 22nd, 2017 at 1:14pm:
Grappler Truth Teller Feller wrote on Apr 22nd, 2017 at 12:59pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.



Aha - the truth so well concealed......

And what truth is that, Ye Grappler?

That you're anti-union and pro-planet accountant i.e. a **** (I'm guessing of course!)

[Hey: who knew that white collar crime was a fiction  Shocked !??????????!]


Calling someone a **** is not an argument, AnotherJourneyByTrain. Try using your brain this time.

Don't tell me black is white, broseph: you know we know what you are!
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......Australia has an illegitimate Government!
 
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Auggie
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Re: For those who support then minimum wage...
Reply #6 - Apr 22nd, 2017 at 1:35pm
 
TheFunPolice wrote on Apr 22nd, 2017 at 1:30pm:
Auggie wrote on Apr 22nd, 2017 at 1:26pm:
TheFunPolice wrote on Apr 22nd, 2017 at 1:25pm:
Auggie wrote on Apr 22nd, 2017 at 1:14pm:
Grappler Truth Teller Feller wrote on Apr 22nd, 2017 at 12:59pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.



Aha - the truth so well concealed......

And what truth is that, Ye Grappler?

That you're anti-union and pro-planet accountant i.e. a **** (I'm guessing of course!)

[Hey: who knew that white collar crime was a fiction  Shocked !??????????!]


Calling someone a **** is not an argument, AnotherJourneyByTrain. Try using your brain this time.

Don't tell me black is white, broseph: you know we know what you are!


You have no idea. Your problem is that you lump people into one category based on their beliefs, without actually realizing that there is diversity of views and beliefs among people of the same 'class' or segment of society.
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crocodile
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Re: For those who support then minimum wage...
Reply #7 - Apr 22nd, 2017 at 2:42pm
 
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.


It's not quite that simple Augwhatever. Minimum wages aren't much different to minimum prices for anything. It only adds to unemployment if the minimum price of labour is above the market clearing rate.

On top of this we have a federal reserve that manipulates the size of the money supply in response to inflationary pressure thereby indirectly setting interest rates. Under such a regime, full employment is simply not possible whether minimum wages exist or not.

A pool of unemployed is the de-facto price paid for inflation targeting.
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Very funny Scotty, now beam down my clothes.
 
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Auggie
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Re: For those who support then minimum wage...
Reply #8 - Apr 22nd, 2017 at 3:27pm
 
crocodile wrote on Apr 22nd, 2017 at 2:42pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.


It's not quite that simple Augwhatever. Minimum wages aren't much different to minimum prices for anything. It only adds to unemployment if the minimum price of labour is above the market clearing rate.

On top of this we have a federal reserve that manipulates the size of the money supply in response to inflationary pressure thereby indirectly setting interest rates. Under such a regime, full employment is simply not possible whether minimum wages exist or not.

A pool of unemployed is the de-facto price paid for inflation targeting.


I agree with your assessment of the Federal Reserve. I assume you've taken inspiration from Milton Friedman on this issue?

What I meant by the post was that all these people who talk about a high minimum wage, if they're not willing to employ me because I'm too expensive, then you've just proven my point about the minimum wage - that is discriminates against low-skilled employees.

I'm willing to work for $5 p/h for a second part time job, and if an employer is willing to take me on, what's wrong with that, crocodile?
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Re: For those who support then minimum wage...
Reply #9 - Apr 22nd, 2017 at 9:34pm
 
crocodile wrote on Apr 22nd, 2017 at 2:42pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.


It's not quite that simple Augwhatever. Minimum wages aren't much different to minimum prices for anything. It only adds to unemployment if the minimum price of labour is above the market clearing rate.

On top of this we have a federal reserve that manipulates the size of the money supply in response to inflationary pressure thereby indirectly setting interest rates. Under such a regime, full employment is simply not possible whether minimum wages exist or not.

A pool of unemployed is the de-facto price paid for inflation targeting.

So the unemployed should be paid full compensation for carrying the rest of the economy. Raise the dole to $500 a week and scrap all the compliance.
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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crocodile
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Re: For those who support then minimum wage...
Reply #10 - Apr 22nd, 2017 at 9:49pm
 
Auggie wrote on Apr 22nd, 2017 at 3:27pm:
crocodile wrote on Apr 22nd, 2017 at 2:42pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.


It's not quite that simple Augwhatever. Minimum wages aren't much different to minimum prices for anything. It only adds to unemployment if the minimum price of labour is above the market clearing rate.

On top of this we have a federal reserve that manipulates the size of the money supply in response to inflationary pressure thereby indirectly setting interest rates. Under such a regime, full employment is simply not possible whether minimum wages exist or not.

A pool of unemployed is the de-facto price paid for inflation targeting.


I agree with your assessment of the Federal Reserve. I assume you've taken inspiration from Milton Friedman on this issue?

What I meant by the post was that all these people who talk about a high minimum wage, if they're not willing to employ me because I'm too expensive, then you've just proven my point about the minimum wage - that is discriminates against low-skilled employees.

I'm willing to work for $5 p/h for a second part time job, and if an employer is willing to take me on, what's wrong with that, crocodile?


Much of the work regarding the employment - inflation tradeoff was first published by Ibn Khaldun way back in the 14th century. Further analysis was done by Phillips in the '50s. Friedman was essentially a monetarist that is credited with explaining why the work of Phillips didn't hold during the stagflation years of the late '70s and early '80s. His work on NAIRU is standard fare these days.

The issue of minimum wages is far more complex than you suggest. It sounds great at first blush until all of the effects are considered. The lack of a minimum wage in some cases only leads to an ephemeral bump in employment numbers as the firms that are labour intensive generally get swept aside in time by outfits with higher productivity. This is one of the reasons why the slave hoarding south in the USA continually fell behind in economic terms from their northern cousins despite almost free labour. Technology and industrialisation at work. Productivity in a nutshell.

It is true that placing a floor under the cost labour that is above the rate at which the market clears is detrimental to employment but on the other hand it also discourages innovation which is the lifeblood of productivity and living standards.

There is much to consider and even such things as education policy become vital. Growing technology does displace the lowest skilled so the next generation has a necessity to come to terms with it. Unfortunately, it is a dog's breakfast today.

A minimum wage is helpful but where it should be set is something that I can't answer for you.
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Very funny Scotty, now beam down my clothes.
 
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Dnarever
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Re: For those who support then minimum wage...
Reply #11 - Apr 22nd, 2017 at 9:49pm
 
And here we have the proponents for a race to the bottom.

Welcome to third world pay and conditions.
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crocodile
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Re: For those who support then minimum wage...
Reply #12 - Apr 22nd, 2017 at 9:50pm
 
Bam wrote on Apr 22nd, 2017 at 9:34pm:
crocodile wrote on Apr 22nd, 2017 at 2:42pm:
Auggie wrote on Apr 22nd, 2017 at 12:41pm:
For those who support the minimum wage....

Give me a job or shut the f' up.


It's not quite that simple Augwhatever. Minimum wages aren't much different to minimum prices for anything. It only adds to unemployment if the minimum price of labour is above the market clearing rate.

On top of this we have a federal reserve that manipulates the size of the money supply in response to inflationary pressure thereby indirectly setting interest rates. Under such a regime, full employment is simply not possible whether minimum wages exist or not.

A pool of unemployed is the de-facto price paid for inflation targeting.

So the unemployed should be paid full compensation for carrying the rest of the economy. Raise the dole to $500 a week and scrap all the compliance.


Believe it or not I'm actually rather sympathetic to something along those lines.
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Very funny Scotty, now beam down my clothes.
 
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crocodile
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Re: For those who support then minimum wage...
Reply #13 - Apr 22nd, 2017 at 9:51pm
 
Dnarever wrote on Apr 22nd, 2017 at 9:49pm:
And here we have the proponents for a race to the bottom.

Welcome to third world pay and conditions.


Who are these proponents
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Very funny Scotty, now beam down my clothes.
 
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Auggie
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Re: For those who support then minimum wage...
Reply #14 - Apr 23rd, 2017 at 11:28am
 
Dnarever wrote on Apr 22nd, 2017 at 9:49pm:
And here we have the proponents for a race to the bottom.

Welcome to third world pay and conditions.


What if choose to have third world pay and conditions?
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