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Falcon91Wolvrn03
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Registered: 03/16/05
Posts: 32,557
Loc: California, US
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Quote:
starfire_xes said: If your wage right now is $100,and tomorrow it is $50 becuase the company fucks you over, and prices haven't changed, then you lost 50% of you BUYING POWER. Your real wage would then have climb 100% to get back to %100. Careful with references when using percent, not saying you are wrong.
I agree, if someone goes from $100 to $50, they are making 50% of what they used to, and they used to make 100% more than what they do now. Simple math. I'm not sure what your point is.
I said people on minimum wage used to make about 50% more than they do now, and that's a correct statement.
-------------------- 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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Falcon91Wolvrn03
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Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 22 days
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Quote:
burgerbrain said: So let's recap: I asked a question and you responded:
Quote:
burgerbrain said:
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 said: 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.
LOL so quote "because that's when it becomes more difficult for employers to cover increasing wages." Yes and what do employers do when wages are increasingly difficult, or even impossible, to cover? I'll give you a hint.
Employers stop hiring or hire much less.
What happens when employers stop hiring or hire much less? I'll give you a hint.
Unemployment rises.
Again, liberal, "We don't know" is not a good enough answer- it makes you look really bad at economics.
Quote:
Falcon91Wolvrn03 said: We don't know if raising minimum wage too quickly would be harmful.
You clearly missed BOTH of my notes in my last post to you.

I'm not going to post my reply yet again.
-------------------- 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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starfire_xes
I Am 'They'



Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 2 days
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Quote:
Falcon91Wolvrn03 said:
Quote:
starfire_xes said: If your wage right now is $100,and tomorrow it is $50 becuase the company fucks you over, and prices haven't changed, then you lost 50% of you BUYING POWER. Your real wage would then have climb 100% to get back to %100. Careful with references when using percent, not saying you are wrong.
I agree, if someone goes from $100 to $50, they are making 50% of what they used to, and they used to make 100% more than what they do now. Simple math. I'm not sure what your point is.
I said people on minimum wage used to make about 50% more than they do now, and that's a correct statement. 
right. But they only lost 33% of their buying power. if you made 11 dollars then and make 7.75 now, you haven't lost 50% of your income.
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Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 22 days
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Quote:
starfire_xes said: right. But they only lost 33% of their buying power. if you made 11 dollars then and make 7.75 now, you haven't lost 50% of your income.
First of all, minimum wage is $7.25, not $7.75.
And I never said people lost 50% of their purchasing power. I said people on minimum wage used to make 50% more than they do today. And that's the case.
Semantics aside, people on minimum wage today are making a LOT LESS in real dollars than they used to. And you're one the biggest cheerleaders to ensure it stays that way (or gets even worse).
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hostileuniverse
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The VAST majority of people on minimum wage are entry level, part time, or high schoolers. What ever happened to starting at the bottom and WORKING your way up?
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Falcon91Wolvrn03
Stranger



Registered: 03/16/05
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Last seen: 4 months, 22 days
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Quote:
hostileuniverse said: The VAST majority of people on minimum wage are entry level, part time, or high schoolers. What ever happened to starting at the bottom and WORKING your way up?
That's not true.
Quote:
88 Percent of Workers Who Would Benefit From a Higher Minimum Wage Are Older Than 20, One Third Are Over 40
The reason I enjoy debating politics is to try and learn something. But what I learn the most is that the vast majority of conservatives simply don't have a grasp of reality.
-------------------- 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: The VAST majority of people on minimum wage are entry level, part time, or high schoolers. What ever happened to starting at the bottom and WORKING your way up?
That's not true.
Quote:
88 Percent of Workers Who Would Benefit From a Higher Minimum Wage Are Older Than 20, One Third Are Over 40
The reason I enjoy debating politics is to try and learn something. But what I learn the most is that the vast majority of conservatives simply don't have a grasp of reality.
The vast majority of liberals simply don't have a grasp of reality.
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Falcon91Wolvrn03
Stranger



Registered: 03/16/05
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Loc: California, US
Last seen: 4 months, 22 days
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That's all you got? No statistics or backup after I provided you with numbers?
I'm hoping to learn something here. Teach me something other than that you're very good at ad hominem attacks.
-------------------- 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: That's all you got? No statistics or backup after I provided you with numbers?
I'm hoping to learn something here. Teach me something other than that you're very good at ad hominem attacks.
I have schooled you enough. You teach me something.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,861
Loc: Foreign Lands
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i think he's been trying to, but you have your fingers in your ears...
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
ballsalsa said: i think he's been trying to, but you have your fingers in your ears...
What you think is wrong, per usual. Is that why you ignore everything conservatives say? Because you "have your fingers in your ears"?
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,861
Loc: Foreign Lands
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I don't ignore anyone. Thats why i post long lists of sources when i refute stuff, because i listened, and then fact checked. I'm not against conservatives per se. I am against bullshit though, so you gotta come correct with your sources, or i'll call you on it whether i agree with you or not.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
ballsalsa said: I don't ignore anyone. Thats why i post long lists of sources when i refute stuff, because i listened, and then fact checked. I'm not against conservatives per se. I am against bullshit though, so you gotta come correct with your sources, or i'll call you on it whether i agree with you or not.
LOL like when you said. Any more great ideas like this one?
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ballsalsa said: do you remember? As i recall, its was thoroughly shown that the USPS is a functioning social program that competes effectively with private competition.
Fucking hilarious.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,861
Loc: Foreign Lands
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yeah, like that, only with all the sources I cited, and the caveats that i mentioned. As we discussed before, The USPS budget shortfall is virtually equal to the amount of money that congress requires the USPS to let it borrow every year
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Too funny
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,861
Loc: Foreign Lands
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that's what i was thinking
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
ballsalsa said: that's what i was thinking
LOL could you tell us more about how great USPS is? You work there right?
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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So let's recap: I asked a question and you responded:
Quote:
burgerbrain said:
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/
Quote:
Falcon91Wolvrn03 said: 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.
LOL so quote "because that's when it becomes more difficult for employers to cover increasing wages." Yes and what do employers do when wages are increasingly difficult, or even impossible, to cover? I'll give you a hint.
Employers stop hiring or hire much less.
What happens when employers stop hiring or hire much less? I'll give you a hint.
Unemployment rises.
Again, liberal, "We don't know" is not a good enough answer- it makes you look really bad at economics.
Quote:
Falcon91Wolvrn03 said: We don't know if raising minimum wage too quickly would be harmful.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,861
Loc: Foreign Lands
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Quote:
burgerbrain said:
Quote:
ballsalsa said: that's what i was thinking
LOL could you tell us more about how great USPS is? You work there right?
nope. i use the service though, and i couldn't be happier with it. You couldn't pay me to ship a package with fedex or ups. the fact that the USPS can provide such high levels of service while loaning 5 billion to the Federal government each year speaks to the efficacy of the program IMO. I'm not sure why you wanted to dredge up this subject though.
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burgerbrain
Freedom Lover



Registered: 09/18/15
Posts: 962
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Quote:
ballsalsa said:
Quote:
burgerbrain said:
Quote:
ballsalsa said: that's what i was thinking
LOL could you tell us more about how great USPS is? You work there right?
nope. i use the service though, and i couldn't be happier with it. You couldn't pay me to ship a package with fedex or ups. the fact that the USPS can provide such high levels of service while loaning 5 billion to the Federal government each year speaks to the efficacy of the program IMO. I'm not sure why you wanted to dredge up this subject though.
Tell us more, balls- this is fascinating stuff! Nice links too.
U.S. Postal Service Records Second Quarter Loss of $1.9 Billion Urges Congress to Pass Comprehensive Postal Legislation WASHINGTON — The U.S. Postal Service ended the second quarter of its 2014 fiscal year (Jan. 1, 2014 – March 31, 2014) with a net loss of $1.9 billion. This marks the 20th of the last 22 quarters it has sustained a loss. https://about.usps.com/news/national-releases/2014/pr14_031.htm
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