What happened to all of the doom and gloom economic threads?

[mercury14]

Not at all, nobody could live off the Minimum Wage when I was a kid either, you had to have two or three of those jobs. It was an incentive to get ahead not a welfare program.

Working over 40 hours doesn't mean shit if you're on minimum wage. Especially if you get rid of minimum wage and people end up working 50 hours on $4.75 an hour.

What if someone is a parent to a young child? Just work a second or third job and never be a parent?

How much does childcare cost if you need someone to watch your kid 50+ hours per week, including nights?

There's consequences for dropping out of school and being a dummy.

Who's talking about high school dropouts? Heaps of graduates go to work for minimum wage jobs. And they'd suffer mightily if jobs started at $0 per hour.

You're full of shit about the other as well. Bumping up their pay above what it's really worth in the market place breeds mediocrity and raises prices for everyone

Breeds mediocrity? Are you honestly arguing that shitty low-pay, no benefit minimum wage jobs are spoiling people and breeding mediocrity?

How come you aren't saying that creating an institution of jobs that provide absurdly low pay creates mediocrity? If you think high compensation creates excellence then you must also say that low compensation creates mediocrity.

 

[mercury14]

What if someone is a parent to a young child? Just work a second or third job and never be a parent?

How much does childcare cost if you need someone to watch your kid 50+ hours per week, including nights?

Answer...

$972 per month for an infant or toddler. That's more than 134 worked at a minimum wage job.

That means a person making $7.25 will spend nearly the first three weeks of every month just canceling out their childcare costs, assuming a 50 hour work week where the person doesn't incur any extra childcare costs for working past 40 hours.

What do you think, Vette? Abolish minimum wage? That way at $5 per hour every penny earned goes to childcare with no money left over for food, rent, clothing, transportation, expenses.

http://www.babycenter.com/0_how-much-youll-spend-on-childcare_1199776.bc

 

[unregistered]

 

[mercury14]

Tough shit! I was never entitled to a lifestyle I couldn't pay for myself with my own hard work. People shouldn't have children they can't afford to raise on their own, why the fuck should society have to foot the bill?

Society doesn't foot the bill because people on minimum wage spend every penny they make, thus reimbursing society in an equal amount.

Let the market decide what their wage should be.

The problem is that an unfettered free market, given enough time to simmer, fosters a class of people living in abject poverty. A system of dis-empowered masses who are presented with tremendous obstacles to reaching their full potential ends up not being capitalism at all.

No I don't. When the Government forces employers to pay people more than they are worth it is a form of discrimination against those people, who might have been hired at a lower wage. but now will not be hired at all at the minimum wage imposed by government.

Nonsense. Minimum wage laws have never stopped businesses from hiring staff necessary to meet consumer demand. Your theory is preposterous. And you have zero evidence showing it's true.

All you're doing is parroting the same old tired trickle-down economic theory that's never been shown to work. Straight off Hannity's show.

 

[unregistered]

 

[koalabear]

Total leftist bullshit. You aren't knowledgeable enough to discuss the subject numb nuts. I'll not waste anymore of my time on your lame shit. Try that fucked up spiel on somebody who doesn't understand economics.

I like how he claimed his imaginary wife just returned from the service and he spends his time here.

 

[unregistered]

 

[mercury14]

The man is a fucking idiot, with not even an elementary understanding of economics. He understands fictional political economics.

Society pays for minimum wage, huh? Comedy.

Ever notice that every time I ask you for evidence you bail out and make a personal attack?

 

[unregistered]

 

[mercury14]

What does an employer have to do to cover additional overhead moron?

You are hopelessly fucked in this subject matter, so just own it.

Okay well for starters an employer is not the same thing as "society". Therefore the very base of your premise is a fallacy.

Regardless, you didn't answer my question. How come whenever anyone asks you to back one of your points you launch a personal attack and/or engage in cock, ball, or asshole comments?

 

[4est_4est_Gump]

Merc, you big dummy...

Minimum wage is an introductory wage in which NOBODY is stuck forever...

It's hard to even find one unless you're illegal.

It's one of the Left's favorite (and fallacious) Sophisms...

 

[4est_4est_Gump]

"Society doesn't foot the bill because people on minimum wage spend every penny they make, thus reimbursing society in an equal amount."

You forgot the tax credits and the additional amount of government benefit and program that they are prone to, therefore your premise is wrong. Additionally, spent money is not saved money and therefore does not contribute to growth (investment capital) thus they are a net drain on society and it's still an introductory wage for the completely unskilled and when we set it, then it limits the number of unskilled who can get training and begin their path to upward mobility.

Also it is a lie to say they spend every penny they make since they have FICA to pay.

 

[JAMESBJOHNSON]

When you feed a poor person all they give in return is a pile of turds.

 

[4est_4est_Gump]

When you feed a poor person all they give in return is a pile of turds.

And, having worked the Catholic soup kitchen, there is no gratitude forthcoming; it's a "right..."


We live, you feed, it's your fault, obviously you were born with silver spoon in mouth.

 

[unregistered]

 

[4est_4est_Gump]

He cannot process simple economic concepts, period.

No, he rejects everything based on traditional liberalism.

He truly believes that wealth is created at the bottom of the pyramid and stolen by the top.

He's actively engaged in that new-age liberal fallacy of an evolved society and that greed only exists at the top of the pyramid and if that top is removed, by force, then everyone will share and play nice...

He sees this,

When under the pretext of fraternity, the legal code imposes mutual sacrifices on the citizens, human nature is not thereby abrogated. Everyone will then direct his efforts toward contributing little to, and taking much from, the common fund of sacrifices. Now, is it the most unfortunate who gains from this struggle? Certainly not, but rather the most influential and calculating.
Frédéric Bastiat

... and translates "influential and calculating" as super rich, but calculating applies equally well to the bottom of the pyramid who have, to date, proved very able in calculating how to maximize take while minimizing contribution, usually with the willing assistance of the influential in search of even more power.

 

[unregistered]

 

[4est_4est_Gump]

Maybe he could school us again on how Obamacare is going to pay for itself now that the CBO has been replaced by actual actuaries...



Maybe he'll pull some Zandi out of his ass.

:nods:

 

[unregistered]

 

[4est_4est_Gump]

Thank Gawd she's not in KANSAS anymore...



Shit Happens!

 

[unregistered]

 

[4est_4est_Gump]

Trü dat!




I heard a rumor that unemployment would dive to 9.2%.
__________________
Barry 2012 Says: "FORE! More years!"
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

 

[busybody..]

Wholesale prices up 6.9% past year

NIGGERPOONZANDI and UD say

ITS RACIST TO SAY THAT

PLUS

They say

Points and laughs at your source

 

[koalabear]

Society pays for minimum wage, huh? Comedy.

Ever notice that every time I ask you for evidence you bail out and make a personal attack?

Okay well for starters an employer is not the same thing as "society". Therefore the very base of your premise is a fallacy.

Regardless, you didn't answer my question. How come whenever anyone asks you to back one of your points you launch a personal attack and/or engage in cock, ball, or asshole comments?

I notice you brought it up.

Has anybody else noticed that we get second by second updates when shit is going down but we're lucky to get a daily one if things are good? Shit if Koala's postings reflected the market and not what he wants to show us the market would be at like 500.

Yes, I noticed, MORON.

 

[koalabear]

China slowdown weighs on markets

Updated: 10/18/2011 10:21 ET
DOW 11,301.41 -95.59
NASDAQ 2,592.45 -22.47
S&P 1,193.60 -7.26