We need to build our economy around production rather than consumption. Factories and manufacturing facilities have been replaced by Taco Bells and Best Buys. Government needs to get out of the way and allow the free markets to work, they are a beautiful thing when they are allowed to operate on their own without political interference. The private sector should be given the job of allocating capital, not government. Government fucks up everything they touch.
My brother is an accomplished economist.. His reports are heard every quarter at the Denver bank reserve...
He says the minimum wage is way too high... and at current rates it shiuld b 5.00 an hour??? Lol... wtf...
Of course... I'm like ur crazy... He just laughed at me and showed me a dozen different graphs... and I know I'm not explaining it properly lol... but it seems like he's right
He says the minimum wage is way too high... and at current rates it shiuld b 5.00 an hour??? Lol... wtf...
Of course... I'm like ur crazy... He just laughed at me and showed me a dozen different graphs... and I know I'm not explaining it properly lol... but it seems like he's right
Exactly! And the Big Brothers/Big Sisters commercial isn't helping any either. The one where they're like "imagine a world where everyone can go to college" or something like that. I admire the initiative, but if you think about it realistically, it just means college graduates are going to be fighting for the minimum wage jobs. Let's be honest. Some people just aren't cut out for college. Should we make them feel bad for that fact? No! In fact I think it'd be unfair to a lot of people if we did make it so every person could go to college, because a lot of them would end up in way too much debt.
When you raise the cost of something you get less of it.
If you want less labor, raise the minimum wage.
There is no rational or economic reason to support raising the minimum wage. Raising the minimum wage has no effect on poverty rates (only a small % of working adults make the minimum wage -Minimum wage earners are mostly young, single, unskilled, and work part-time)
If you want less labor, raise the minimum wage.
There is no rational or economic reason to support raising the minimum wage. Raising the minimum wage has no effect on poverty rates (only a small % of working adults make the minimum wage -Minimum wage earners are mostly young, single, unskilled, and work part-time)
As evidenced in another thread recently, I am older than most and a little set in my ways. Not to upset anyone but a couple of facts: The concept that most kids need to pursue higher education is one of the most hurtful jokes ever put over on the public. So many kids come out with debts that can become a problem. Of course it follows that so many of the kids on "entitlements" feel they are just as likely to need more classes.
How many of you know that kids can go on to "higher education" on tax payer monies and have had only gained a GED.
Huge horrible joke. There are very few good reasons for this. (major illness to miss class might be almost the only one) Most are just because kids won't sit still, behave, stay out of trouble, and graduate from High School. Another news flash..... It is not too difficult to graduate from high school. A trained insect could do it easily. They will pass kids thru just to get rid of them.
When a kid refuses to concentrate and behave just enough to get past high school... that is not a reason to reward them with a tax payer paid "higher education". It is a reason to teach them to sit their ass down and pay attention!
As the government continues to stick there noses in things like health care and threaten to destroy small business... problems with wages will get worst. The government is causing businesses to be unable continue with full time employees. This is causing people to look for second jobs to pay their expenses. The beat goes on. Obama and his minions don't fully report "underemployed" workers because that problem traces too easily right back to their ignorance.
How many of you know that kids can go on to "higher education" on tax payer monies and have had only gained a GED.
Huge horrible joke. There are very few good reasons for this. (major illness to miss class might be almost the only one) Most are just because kids won't sit still, behave, stay out of trouble, and graduate from High School. Another news flash..... It is not too difficult to graduate from high school. A trained insect could do it easily. They will pass kids thru just to get rid of them.
When a kid refuses to concentrate and behave just enough to get past high school... that is not a reason to reward them with a tax payer paid "higher education". It is a reason to teach them to sit their ass down and pay attention!
As the government continues to stick there noses in things like health care and threaten to destroy small business... problems with wages will get worst. The government is causing businesses to be unable continue with full time employees. This is causing people to look for second jobs to pay their expenses. The beat goes on. Obama and his minions don't fully report "underemployed" workers because that problem traces too easily right back to their ignorance.
Not entirely true.
For example, there is an increasing amount of vacant positions in computer engineering jobs (just selected computer engineering as an example) and more are expected to be created during the following 10 years.
Since the year 2000 we've known that technology related jobs are the future, but how many adolescents think about studying something to have a well paid job?
Most go to college for one of two reasons, take every other class while "discovering themselves and what they want to do" or follow their dream career (which may go from studying art, psychology, psychiatry, medicine, architecture, law, etc...).
Although I support the idea of studying something which thrills you, odds are that those studying for one of the careers I mentioned before will end up working at an unrelated minimum wage job (some will make it, but only those that excel or are incredibly lucky). People tend to go for the same professions over and over again, thus saturating certain markets and leaving others wide open (unfortunately, those that have vacant positions can't hire someone who doesn't have the required knowledge/skills).
In any case, going back to minimum wage, agree with what has been said before; the implications of doing this would be completely counterproductive and only those who have no clue of how the economy works can say that it's a great idea.
Right now what we need is more jobs (not increasing the minimum wage); however, what we'll see is more entrepreneurship as a result of people requiring money to sustain themselves and a lack of jobs available in the required industries to meet the demand.
Finally, if the minimum wage was increased, all it would do is generate an illusion of an increased spending capacity. Costs will rise, meaning final products costs will rise, and things will pretty much remain the same for the average joe, but because this increment in numbers generates that illusion of having more - as well as the fact that most don't know how to save money and spend any extra funds they have per month - more people will end up worse. Their economic situation will not improve (it'll get worse as mentioned before) and this at the same time will affect other things (classical snowball effect).
It would go up more, period. It would also, quite possibly put the small mom and pop shops out of business. They have to pay employees more, they have to raise the price to compensate. How can't someone see this?
I get prices are going up everywhere. But raising minimum wage isn't the solution. How about $2 a gallon GAS? That would save most households $100's a month
I get prices are going up everywhere. But raising minimum wage isn't the solution. How about $2 a gallon GAS? That would save most households $100's a month
Almost all of my mom-pop accounts are hurting like never before. Lets say they pay their employees a little about min wage, $8. Now the law is changed to pay $10. They have two options - pay it or reduce hours. Most will reduce if they have to. Hw does that help the worker?
Gas prices drop, it would help tremendously. Hell, I'm lucky to get a tank a gas for under $70 any more. I remember the days of filling up for $15, lol. And that was in the 90's, but $4 a gallon is outrageous.
Their plan works, though. They will hike it up to $3.70 per gallon, then drop it to $3.15 and it will stay there for a few days, then back up to $3.60, then back down to $3.29 and the yo yo continues. All while giving you the mind set that you are getting a bargain if it's anything below $3.70.
I firmly believe there is going to be a BURST. And when the bubble burst, we will see an economic crash like never before
Their plan works, though. They will hike it up to $3.70 per gallon, then drop it to $3.15 and it will stay there for a few days, then back up to $3.60, then back down to $3.29 and the yo yo continues. All while giving you the mind set that you are getting a bargain if it's anything below $3.70.
I firmly believe there is going to be a BURST. And when the bubble burst, we will see an economic crash like never before
