Proof that raising the minimum wage does not work.

Bar Sinister

Executive Branch Member
Jan 17, 2010
8,252
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Edmonton
So we inflate the economy to encourage people to spend and then blame them for not saving for the future. Don't central bankers think?

As I said. Mild inflation is a basic tenet of the market economy. It encourages people to buy now rather than wait until later.
 

Angstrom

Hall of Fame Member
May 8, 2011
10,659
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We are at the end of a financial cycle. Usually when someone wins at monopoly, The game ends. But in reality that won't work. So we will continue to lend money.

Once we get to a point one or two companies hold all the assets and wealth. (It's getting close) We will have to continually finance everyone with a guaranteed income to continue turning arround the Board.

Essentially turning the majority of people into government workers.
My guess, is government will issue different action you can perform to earn extra.
 

White_Unifier

Senate Member
Feb 21, 2017
7,300
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Savings should never be discouraged.

Inflation is always a terrible way to encourage spending. Spending is best encouraged by creating a product worth buying.

Inflation is a highly effective way to encourage spending, but it's a manipulative one too. Think of the poor man who's rational mind is telling him to save but another part of his rational mind telling to buy before the price goes up.

Once we remove inflation, we also free the poor man from this dilemma.
 

White_Unifier

Senate Member
Feb 21, 2017
7,300
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The left likes to harp on science. Economics is a science. A social science, granted, but a science it is. If we're going to pretend to be progressive, scientific, rational and all, why not include the laws of economics alongside the laws of physics?
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
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RR1 Distopia 666 Discordia
You will note that lowering the minimm price is the prefered choice of the consumer, paint of some kind or other is no substitute for real heat, you discover, your period woodstove despite the clever configuration of iron remains a woodstove and you will need a chainsaw, and some muscle, nerves of steel etc of course you like fresh air so what the fuk.

What is the minimum wage of sin?
 

Danbones

Hall of Fame Member
Sep 23, 2015
24,505
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..and the leftii, in order to cut down on the use of fossil fuels, keep lying to the tree, trying to get it to move back and forth across the blade, thinking that's green.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
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RR1 Distopia 666 Discordia
hey that's a good idea, who's working on self harvesting forests? Crtainly this would be something I would investin

Trees that chop temselves down at their maximum yiels and deliver themselves to the woohouse in a orderly fashion. the perpetual woodshed, the concept is sound, I'm prpared to invest millions, I just have to steal capital, I,ll get back to you

There was some indication that most trees were smarter than the average human however and the funding was cut offf. I lost millions.

Yer idea of free money fllies in the face of fact. I would point you in the direcrtion of the rich who know better.

You onlyimagine where the money goes It aint to feed the poor stupid.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
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Vernon, B.C.
Minimum Wage - ProCon.org

"The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers (or 3.3% of the hourly paid working population) earn the federal minimum wage or below."

If it works so well, why would the government need to keep raising it again and again and again? Seems like a dog chasing its tail.

And in other news in 2015, protesters are saying that 20.00/hour is just not a living wage and they want to raise the minimum wage to 50.00/hour so that they can finally afford the 50.00 loaves of white bread they buy at the store.


Eggs Zachary- I've been pounding away at that for 55 years. Gov't should just keep their f**king nose right out of it and let the market place deal with it. What's suitable for a minimum wage for one person may be completely inadequate or way too high for another person. Wages should be pegged to what the guy can produce.
 

Jinentonix

Hall of Fame Member
Sep 6, 2015
11,619
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Olympus Mons
Bummer for the auto industry that vehicles are one of the best CCAs.

I had to buy a new Benz that will just sit parked for the next 4 years just to get a subsidy.
Couldn't you get a "subsidy" if you leased it? Seems kind of dumb to buy a car for the Capital Cost Allowance (depreciation) when you'll never see the full amount back as compared to a lease.