Why the $15 minimum wage will cost California 400,000 jobs

[Sean Renaud]

No it isn't... This is about the Trump plan. There are plenty of other Obama threads that the whining can continue on.

Obama did nothing wrong however. You think he did because of his skin. Get it strait.

 

[Hypoxia]

Yeah, but then the companies increase the prices of their goods and services to counter for the loss of profit, thus making inflation happen. Also, by that logic, wouldn't super rich people also spend their money on stuff, boosting the economy?

The 'stuff' they buy tend to be financial instruments, corporate control, and politicians. Major CFOs have already said the new tax bailouts will go straight to shareholders, many foreign, and not into increased production, wages, and domestic prosperity. Sad.

 

[cowslinger64]

Obama did nothing wrong however. You think he did because of his skin. Get it strait.

Wtf are you talking about?

I've got that idiot Botanydummy if I need to hear something stupid.. I don't need you too.

 

[ishtat]

In Australia, the gov't recently voted in to eliminate/reduce most penalty rates paid to the lowest-paid workers as compensation for giving up their weekends.
"It will create jobs!" they said.
"It will mean lower prices for goods and services purchased on weekends!" they said.

Neither of those things has actually happened.

What has happened, is that low-paid workers are now not spending their money, almost zero jobs growth has happened across the sectors impacted by the cuts, and the corporations and businesses have recorded profit growth.

One or two facts:-

Most of the weekend penalties in OZ have been agreed reductions to be phased in over the next 5 years. There will still be some penalty rates remaining in hospitality where Sunday hourly rates will be reduced from 150% to 125%.

Minimum rates are still there and are generally at or slightly less than the proposed California rate.

Jobs growth in Australia has been at its best growth level in the last nine months since the mining boom of 2011/2012.

Prices have not gone down or up .

Retail services businesses in particular, especially franchised businesses far from making record profits are going broke at unprecedented rates. Starbucks for example has sold or closed 80% of its Aussie outlets in the past two years. (Hooray! )

Oz is a bit odd because we never had a recession after the GFC.

WQ's view may understanably be a bit more pessimistic, because she lives in Australia's poorest State with about 2.5% of the population and about 1.5% of the GDP.

I employ a small group of unskilled/semiskilled workers in Sydney. They are permanent casual, and paid piece rates + an accuracy bonus. For most of them they earn the equivalent of the hourly minima -10 to +30%. Their main concern is to not be required to work regular hours, so piece work and variable shift times suit them.

 

[Que]

Seems like many missed the point that workers with cash spend it on stuff, boosting the economy. Henry Ford proved that.

Cut out the middleman. Print money and just hand it out for people to spend. What could possibly go wrong?

 

[Rightguide]

I mean't delivering on their promises.

You're right about that. Maybe they can redeem themselves, if not time to find those who will.

 

[Rightguide]

This isn't about Obama.. Pay attention.

They've admitted that the best forecasts are around 1.5 trillion fuckin dollars even with help from cuts in social security and medicare.. You're an idiot for not having a problem with that.

I'll bet you listened and nodded your head enthusiastically when Paul Krugman said the stock market would go to zero if Trump was elected, right?

 

[cowslinger64]

I'll bet you listened and nodded your head enthusiastically when Paul Krugman said the stock market would go to zero if Trump was elected, right?

And as usual, you'd be wrong.

 

[cowslinger64]

Cut out the middleman. Print money and just hand it out for people to spend. What could possibly go wrong?

You sure know a lot about money, except for being able to make any.

What could possibly make your opinion valid then?

 

[Rightguide]

And as usual, you'd be wrong.

I doubt it.

 

[Rightguide]

You sure know a lot about money, except for being able to make any.

What could possibly make your opinion valid then?

An education you never had.

 

[cowslinger64]

An education you never had.

I'll put my 4 years in the military and 5 year apprenticeship in the skilled trades over any education either of you stupid fucks have.

 

[Rightguide]

I'll put my 4 years in the military and 5 year apprenticeship in the skilled trades over any education either of you stupid fucks have.

Along with your full faith and sworn allegiance to demented clowns like Paul Krugman and other imbeciles of the left.

Your experience, apprenticeship, and lack of education wouldn't help you survive a single day in my field of endeavor.

 

[cowslinger64]

Along with your full faith and sworn allegiance to demented clowns like Paul Krugman and other imbeciles of the left.

Your experience, apprenticeship, and lack of education wouldn't help you survive a single day in my field of endeavor.

You're right.. I'm totally unqualified to be a message board troll.

 

[Rightguide]

You're right.. I'm totally unqualified to be a message board troll.

I'm not a troll just a professional with time to oppose the lies, pomposity, and blatant anti-American subversion of your kind.

 

[BotanyBoy]

Obama did nothing wrong however. You think he did because of his skin. Get it strait.

Yea he did fuck up a few time, but you can't admit it because of his skin, which you care more about than most rednecks.

Wtf are you talking about?

I've got that idiot Botanydummy if I need to hear something stupid.. I don't need you too.

That's just your white privilege talking Detroit...

You're right about that. Maybe they can redeem themselves, if not time to find those who will.

They had better grab their fuckin' thighs and start deviling quick fast and in a fucking hurry with all that good shit they've been talking for 9 years now....because they are about out of time which they are squandering like it's something they've got an endless supply of.

I'll put my 4 years in the military and 5 year apprenticeship in the skilled trades over any education either of you stupid fucks have.

That's why you live in the USA's most violent shit hole....and we don't.


OHHHHHHHH saw this in the news...Detroit making headlines again and doing Michigan proud.

"Ten thousand rape kits tested. One hundred twenty-seven convictions won, 1,947 cases investigated, 817 serial rapists identified. "

 

[cowslinger64]

Yea he did fuck up a few time, but you can't admit it because of his skin, which you care more about than most rednecks.



That's just your white privilege talking Detroit...



They had better grab their fuckin' thighs and start deviling quick fast and in a fucking hurry with all that good shit they've been talking for 9 years now....because they are about out of time which they are squandering like it's something they've got an endless supply of.



That's why you live in the USA's most violent shit hole....and we don't.


OHHHHHHHH saw this in the news...Detroit making headlines again and doing Michigan proud.

"Ten thousand rape kits tested. One hundred twenty-seven convictions won, 1,947 cases investigated, 817 serial rapists identified. "

You should spend more time on the treadmill, fatass. Less time "winning" on here.

As long as you're too much of a fuckin pussy to survive without a gun where you live in the meth head ghetto, you got Nuthin.

You and vette just keep making yourselves look stupid and yanking on your tiny peepees.. Losers.

 

[Rightguide]

You should spend more time on the treadmill, fatass. Less time "winning" on here.

As long as you're too much of a fuckin pussy to survive without a gun where you live in the meth head ghetto, you got Nuthin.

You and vette just keep making yourselves look stupid and yanking on your tiny peepees.. Losers.

How the hell do you know what kind of shape he's in?

 

[Rightguide]

Yea he did fuck up a few time, but you can't admit it because of his skin, which you care more about than most rednecks.



That's just your white privilege talking Detroit...



They had better grab their fuckin' thighs and start deviling quick fast and in a fucking hurry with all that good shit they've been talking for 9 years now....because they are about out of time which they are squandering like it's something they've got an endless supply of.



That's why you live in the USA's most violent shit hole....and we don't.


OHHHHHHHH saw this in the news...Detroit making headlines again and doing Michigan proud.

"Ten thousand rape kits tested. One hundred twenty-seven convictions won, 1,947 cases investigated, 817 serial rapists identified. "

Check this article about how 30 years of democrat rule has left black family net worth at $8.

https://www.rt.com/usa/412898-black-bostonians-net-worth-8-dollars/

 

[cowslinger64]

How the hell do you know what kind of shape he's in?

I'll talk to your boyfriend any way I like.. So fuck off.

 

[Rightguide]

I'll talk to your boyfriend any way I like.. So fuck off.

These are the squeaked out words of a man whose butt cheeks were removed in political debate.

 

[cowslinger64]

These are the squeaked out words of a man whose butt cheeks were removed in political debate.

Not by either of you ridiculously stupid keyboard warriors.

 

[Rightguide]

Not by either of you ridiculously stupid keyboard warriors.

Who's at war???? Are you at war?? Your war face isn't convincing.

 

[Hypoxia]

Seems like many missed the point that workers with cash spend it on stuff, boosting the economy. Henry Ford proved that.

Cut out the middleman. Print money and just hand it out for people to spend. What could possibly go wrong?

You lack perception; that's why you're not Henry Ford. He forced middlemen (dealers) to put up their own money. But first, he paid workers enough that they could buy cars they made as well as goods and services for themselves and their families, supporting that trickle-down web of retailers and suppliers -- who then could also afford to buy Ford vehicles. It's a chain reaction.

I live near a Native American rancheria that built a casino-resort from scratch. Rather profitable, they've plowed lots of money into the community. In 2013 Jackson Rancheria became the first political entity in the US with a minimum wage of $13.50/hr. Their employees, Mi-Wuk or not, spend their good wages right here. Local businesses are thriving and the cheap K-Mart shut down. Our county's economy would be shabbier if the tribal council were tightwads.

Low minimum wages benefit owners. High minimum wages benefits everyone.

 

[Que]

You lack perception; that's why you're not Henry Ford. He forced middlemen (dealers) to put up their own money. But first, he paid workers enough that they could buy cars they made as well as goods and services for themselves and their families, supporting that trickle-down web of retailers and suppliers.

I live near a Native American rancheria that built a casino-resort from scratch. Rather profitable, they've plowed lots of money into the community. In 2013 Jackson Rancheria became the first political entity in the US with a minimum wage of $13.50/hr. Their employees, Mi-Wuk or not, spend their good wages right here. Local businesses are thriving and the cheap K-Mart shut down. Our county's economy would be shabbier if the tribal council were tightwads.

Low minimum wages benefit owners. High minimum wages benefits everyone.

I must. I can't perceive why $15/hour is magic, and no one seems to be suggesting the obvious: make it $45 and everbody would be three times as prosperous.

The one thing that is clear to me is that there's no way that government and businesses would prosper from any scheme that encourages inflation. Inflation is just a tax on the rich, right?