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Falcon91Wolvrn03
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I explained why I didn't accept it. If you don't understand the argument and/or can't rebut it, that's not my fault, it's yours.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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burgerbrain
Freedom Lover



Registered: 09/18/15
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Quote:
Falcon91Wolvrn03 said: I explained why I didn't accept it. If you don't understand the argument and/or can't rebut it, that's not my fault, it's yours.
hu wins again, per usual, sorry Falcon-your "logic" fails
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Falcon91Wolvrn03
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It only fails when people don't understand how the real minimum wage in Venezuela is going DOWN (inflation).
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
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Quote:
Falcon91Wolvrn03 said: It only fails when people don't understand how the real minimum wage in Venezuela is going DOWN (inflation).
Lol, so dismiss what caused the inflation in the first place (socialism) and then blame those who point it out for "not understanding"
Venezuela is doing exactly what you proposed, raise the minimum wage slowly, and it seems to be hurting more than helping, yet you still support that as the answer
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KauaiOrca
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Registered: 08/12/08
Posts: 3,131
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Quote:
Bigbadwooof said:
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Stonehenge said: I don't have to read that book to know jacking up the min does nothing to promote prosperity, in fact it does the opposite. That's why none of the poor countries have tried it or tried it and gave up and went back to something reasonable.
Come on Stonehenge... that's just stupid. The only leverage 3rd world countries have for job growth is low wages. America has far more to offer than that, which is why our wages remain higher than 3rd world countries.
Exactly. When your "product" is cheap labor, then raising wages has no real benefit at all unless it results in real productivity gains.
The US economy is very different from an emerging markets cheap labor country ... VERY DIFFERENT. Our economy is based on innovation, information, a highly educated work force that can create incredible breakthroughs ... It's about creating an infrastructure for the best, most innovative companies in the world to flourish. It's not about exploiting poor people.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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Falcon91Wolvrn03
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Quote:
hostileuniverse said:
Quote:
Falcon91Wolvrn03 said: It only fails when people don't understand how the real minimum wage in Venezuela is going DOWN (inflation).
Lol, so dismiss what caused the inflation in the first place (socialism) and then blame those who point it out for "not understanding"
You clearly don't understand that real minimum wage is declining in Venezuela. And that socialism has nothing to do with inflation (do you even know what causes inflation?)
Quote:
hostileuniverse said: Venezuela is doing exactly what you proposed, raise the minimum wage slowly, and it seems to be hurting more than helping, yet you still support that as the answer
Let me clarify for you then. You need to raise the REAL minimum wage slowly (do you even know what real minimum wage is?)
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
burgerbrain said:
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Falcon91Wolvrn03 said: Are are you troll, or just dumb? If you're a troll, I shouldn't answer, but if you can't figure out how to read the link I provided, here you go:
qman said: The higher the minimum wage the more economic prosperity? Let's hike to $17 per hour or is there a ceiling to this magic formula?
Falcon91Wolvrn03 said: I don't know if there's a formula; I think it would be based on empirical evidence. Start at a reasonable level that we know works ($10.85/hr where it used to be in 1968 when adjusted for inflation), and slowly increase it until people have enough money to start saving some of it. At that point, the spending slows, and perhaps it's not worth increasing it much more.
qman said: People earning minimum wage will never save any money even at $15 per hour. The living wage in my state just came out this week- $19 per hour.
Falcon91Wolvrn03 said: Then keep cranking it up. I'd do it slowly to give the new money time to enter the economy before cranking it up more.
In summary - no you DON'T start at $100/hr. You start low and slowly go up until you realize the increase in consumer spending tapers off, because that's when it becomes more difficult for employers to cover increasing wages.
Hehe, apparently you can't read. I asked a question:
burgerbrain said: So if Min. Wage doesn't affect unemployment, why doesn't the federal gov' make min. wage $100/hour?
So you said: Falcon91Wolvrn03 said: I don't know if there's a formula; I think it would be based on empirical evidence. Start at a reasonable level that we know works ($10.85/hr where it used to be in 1968 when adjusted for inflation), and slowly increase it until people have enough money to start saving some of it. At that point, the spending slows, and perhaps it's not worth increasing it much more.
So quote "you don't know" you lost the argument. Of course raising min. wage will have a bad effect on employment- that's why libtards say "raise it slowly" well why raise it slowly? Because it raises unemployment.
They're so easy
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Falcon91Wolvrn03
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Registered: 03/16/05
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Quote:
burgerbrain said: So quote "you don't know" you lost the argument. Of course raising min. wage will have a bad effect on employment- that's why libtards say "raise it slowly" well why raise it slowly? Because it raises unemployment.
They're so easy
I didn't say "I don't know"; I said "I don't know if there's a formula". That's why you start low and do it slowly. 
Nice straw man though.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
Falcon91Wolvrn03 said:
Quote:
burgerbrain said: So quote "you don't know" you lost the argument. Of course raising min. wage will have a bad effect on employment- that's why libtards say "raise it slowly" well why raise it slowly? Because it raises unemployment.
They're so easy
I didn't say "I don't know"; I said "I don't know if there's a formula". That's why you start low and do it slowly. 
Nice straw man though. 
No strawman- you, in fact, do not know. You didn't answer the question again. Why "raise it slowly"? What's gonna happen if you rapidly raise the min. wage?
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hostileuniverse
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Registered: 05/14/15
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Quote:
burgerbrain said:
Quote:
Falcon91Wolvrn03 said:
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burgerbrain said: So quote "you don't know" you lost the argument. Of course raising min. wage will have a bad effect on employment- that's why libtards say "raise it slowly" well why raise it slowly? Because it raises unemployment.
They're so easy
I didn't say "I don't know"; I said "I don't know if there's a formula". That's why you start low and do it slowly. 
Nice straw man though. 
No strawman- you, in fact, do not know. You didn't answer the question again. Why "raise it slowly"? What's gonna happen if you rapidly raise the min. wage?
He knows exactly what will happen whether it's raised slowly or quickly. He's just too invested in his propaganda to admit it
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Falcon91Wolvrn03
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Registered: 03/16/05
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Quote:
hostileuniverse said: He knows exactly what will happen whether it's raised slowly or quickly. He's just too invested in his propaganda to admit it
We don't know if raising minimum wage too quickly would be harmful. That's why I suggest raising it slowly. If you'd rather it be raised quickly, then make your argument in favor of that, but I'm not proposing we do that.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
Stranger



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Quote:
Falcon91Wolvrn03 said:
Quote:
hostileuniverse said: He knows exactly what will happen whether it's raised slowly or quickly. He's just too invested in his propaganda to admit it
We don't know if raising minimum wage too quickly would be harmful. That's why I suggest raising it slowly. If you'd rather it be raised quickly, then make your argument in favor of that, but I'm not proposing we do that.
I'm not in favor of raising it all, everyone knows the only way to raise wages is a tight labor market and economic competition, artificial stimulation does nothing, that's a fact
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ballsalsa
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a fact huh? prove it
--------------------
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hostileuniverse
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Quote:
ballsalsa said: a fact huh? prove it
Prove its not a fact
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
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so there's no empirical evidence to back up your "factual" statement then? or is there?
--------------------
Like cannabis topics? Read my cannabis blog here
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Falcon91Wolvrn03
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Quote:
hostileuniverse said:
Quote:
ballsalsa said:
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hostileuniverse said: everyone knows the only way to raise wages is a tight labor market and economic competition, artificial stimulation does nothing, that's a fact
a fact huh? prove it
Prove its not a fact
That was already done in this very thread.
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment Why Does the Minimum Wage Have No Discernible Effect on Employment? Study Showed Raising The Minimum Wage Did NOT Raise Unemployment
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
Falcon91Wolvrn03 said:
Quote:
hostileuniverse said: He knows exactly what will happen whether it's raised slowly or quickly. He's just too invested in his propaganda to admit it
We don't know if raising minimum wage too quickly would be harmful. That's why I suggest raising it slowly. If you'd rather it be raised quickly, then make your argument in favor of that, but I'm not proposing we do that.
Yes you "don't know" so you lost the argument.
What do you think will happen if we raise the min. wage to $100/hr tomorrow? Oh yeah you don't understand economics-you just listen to the libtard dogma. Good answer.
http://www.cato.org/publications/policy-analysis/negative-effects-minimum-wage-laws https://mises.org/library/yes-minimum-wages-still-increase-unemployment http://americanactionforum.org/research/how-minimum-wage-increased-unemployment-and-reduced-job-creation-in-2013 http://www.newsmax.com/Finance/NealAsbury/minimum-wage-increase-unemployment-middle-class/2013/03/14/id/494620/
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Falcon91Wolvrn03
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That was already addressed as well. I don't have time for trolls.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
burgerbrain said:
Quote:
Falcon91Wolvrn03 said:
Quote:
hostileuniverse said: He knows exactly what will happen whether it's raised slowly or quickly. He's just too invested in his propaganda to admit it
We don't know if raising minimum wage too quickly would be harmful. That's why I suggest raising it slowly. If you'd rather it be raised quickly, then make your argument in favor of that, but I'm not proposing we do that.
Yes you "don't know" so you lost the argument.
What do you think will happen if we raise the min. wage to $100/hr tomorrow? Oh yeah you don't understand economics-you just listen to the libtard dogma. Good answer.
http://www.cato.org/publications/policy-analysis/negative-effects-minimum-wage-laws https://mises.org/library/yes-minimum-wages-still-increase-unemployment http://americanactionforum.org/research/how-minimum-wage-increased-unemployment-and-reduced-job-creation-in-2013 http://www.newsmax.com/Finance/NealAsbury/minimum-wage-increase-unemployment-middle-class/2013/03/14/id/494620/
Sorry, lib, you still haven't answered the question. "I don't know economics" is not a good enough answer.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
burgerbrain said:
Quote:
burgerbrain said:
Quote:
Falcon91Wolvrn03 said:
Quote:
hostileuniverse said: He knows exactly what will happen whether it's raised slowly or quickly. He's just too invested in his propaganda to admit it
We don't know if raising minimum wage too quickly would be harmful. That's why I suggest raising it slowly. If you'd rather it be raised quickly, then make your argument in favor of that, but I'm not proposing we do that.
Yes you "don't know" so you lost the argument.
What do you think will happen if we raise the min. wage to $100/hr tomorrow? Oh yeah you don't understand economics-you just listen to the libtard dogma. Good answer.
http://www.cato.org/publications/policy-analysis/negative-effects-minimum-wage-laws https://mises.org/library/yes-minimum-wages-still-increase-unemployment http://americanactionforum.org/research/how-minimum-wage-increased-unemployment-and-reduced-job-creation-in-2013 http://www.newsmax.com/Finance/NealAsbury/minimum-wage-increase-unemployment-middle-class/2013/03/14/id/494620/
Sorry, lib, you still haven't answered the question. "I don't know economics" is not a good enough answer.
Fucking owned
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