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Other => Off-topic => Topic started by: Phinnaeus Gage on January 03, 2012, 04:50:14 PM



Title: Abolish the Minimum Wage Law
Post by: Phinnaeus Gage on January 03, 2012, 04:50:14 PM
In response to the following(s):

is so damn quiet without Atlas :(

Yes we need someone else to make 10 new topics a day with the latest fox news/NPR talking points.  

After listening to http://www.npr.org/2012/01/03/144594861/raising-the-minimum-wage-who-does-it-help I almost firmly believe that the minimum wage law should be abolished. There are a lot of people out of work that would gladly work for nothing if given the opportunity of being fully employed.  ;)

http://www.cartoonstock.com/lowres/jmo2071l.jpg

As you can see is the above real-to-life photo, this guy is clearly upset for the wages he's receiving, expressing that stress to his boss, but the company's tied to that damn minimum wage law.

Lower the minimum wage 10% a year, and after 10 years there will be no unemployment worldwide.

Comments?



Title: Re: Abolish the Minimum Wage Law
Post by: TheHeroMember on January 04, 2012, 02:40:29 AM
How about implementing those minimum wage law only to Bosses, Employers and Execs.  ;D


Title: Re: Abolish the Minimum Wage Law
Post by: Phinnaeus Gage on January 04, 2012, 03:23:15 AM
How about implementing those minimum wage law only to Bosses, Employers and Execs.  ;D

Good idea! A new law needs to be passed. Bosses should make no less than $100,000 per year. Employers, no less than $250,000. And Execs, no less $1M. That way the IRS can take more out of their pay so that the government can create more nonpaying jobs.


Title: Re: Abolish the Minimum Wage Law
Post by: LoupGaroux on January 04, 2012, 03:44:50 AM
How about implementing those minimum wage law only to Bosses, Employers and Execs.  ;D

Good idea! A new law needs to be passed. Bosses should make no less than $100,000 per year. Employers, no less than $250,000. And Execs, no less $1M. That way the IRS can take more out of their pay so that the government can create more nonpaying jobs.


+.2521 (because that is all that is left when they are done taxing me!)


Title: Re: Abolish the Minimum Wage Law
Post by: dayfall on January 04, 2012, 03:55:01 AM
I say we try it.  Just don't try it here.  I think it will end horribly.  Corporations will get away with murder if allowed.  The only thing that needs to be changed is relaxed laws for small businesses and entrepreneurs.


Title: Re: Abolish the Minimum Wage Law
Post by: Phinnaeus Gage on January 04, 2012, 03:59:43 AM
I say we try it.  Just don't try it here.  I think it will end horribly.  Corporations will get away with murder if allowed.  The only thing that needs to be changed is relaxed laws for small businesses and entrepreneurs.

I'm sure it's been try somewhere before, and look where that got them.


Title: Re: Abolish the Minimum Wage Law
Post by: Valalvax on January 04, 2012, 07:51:55 AM
Yea, because spending 2 or 3 dollars in gas to get to work to work 4 hours at 3 or 4 dollars an hour and then 2 or 3 dollars in gas to get home is /totally worth it

Yay! I made 6 dollars!

Oh? You're driving an old shitty vehicle that only gets 10 miles to the gallon

Make that only 4 dollars, tomorrow you'll be able to afford a meal at McDonalds!


Title: Re: Abolish the Minimum Wage Law
Post by: Wekkel on January 04, 2012, 08:06:57 AM
First, you would have to implement a decent money system. Repeal of the minimum wage law will plummet the workers' income, while leaving their current debts as they are. Got to get rid of the debt-money system first.


Title: Re: Abolish the Minimum Wage Law
Post by: P4man on January 04, 2012, 08:09:10 AM
Lowering minimum wages is a brain dead idea; it will not increase employment levels and will in fact further ruin the economy. The problem most corporations have is not primary labor cost, its a lack of consumer demand.  You could go back to slavery and it wouldnt solve that problem. On the contrary, lower minimum wages will further decrease the money consumers have available for spending.

IMO income and wealth disparity is not a social or "fairness" problem as much as it is an economic problem.


Title: Re: Abolish the Minimum Wage Law
Post by: TheHeroMember on January 05, 2012, 04:17:31 AM
Minimum wage law will just create bigger problems, expect salary distortion across the board.



Title: Re: Abolish the Minimum Wage Law
Post by: Sannyasi on January 05, 2012, 04:29:32 AM
minimum wage = additional inflation.... i do not support minimum wage even though it sounds tasty on the outside.


Title: Re: Abolish the Minimum Wage Law
Post by: P4man on January 05, 2012, 07:34:10 AM
minimum wage = additional inflation....

What inflation? We dont have an inflation problem, and that is despite printing and giving trillions to the banks.


Title: Re: Abolish the Minimum Wage Law
Post by: TheHeroMember on January 06, 2012, 05:12:28 AM
minimum wage = additional inflation....

What inflation? We dont have an inflation problem, and that is despite printing and giving trillions to the banks.

Are we experiencing inflation problem last year?


Title: Re: Abolish the Minimum Wage Law
Post by: onesalt on January 06, 2012, 05:18:07 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.


Title: Re: Abolish the Minimum Wage Law
Post by: EndTheBanks on January 07, 2012, 01:36:57 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism


Title: Re: Abolish the Minimum Wage Law
Post by: RandyFolds on January 07, 2012, 02:55:44 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.


Title: Re: Abolish the Minimum Wage Law
Post by: EndTheBanks on January 07, 2012, 03:03:15 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.





Title: Re: Abolish the Minimum Wage Law
Post by: RandyFolds on January 07, 2012, 03:19:44 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.


So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.


Title: Re: Abolish the Minimum Wage Law
Post by: EndTheBanks on January 07, 2012, 03:30:13 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.


So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country.  An Australian's productivity is only collateral much like a US citizen's.



Title: Re: Abolish the Minimum Wage Law
Post by: P4man on January 07, 2012, 10:15:26 AM

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

You can keep saying that, but it doesnt make it true.  Printing trillions of dollars and giving it to the banks should cause vastly more inflation, If you are so concerned about inflation, thats what you should worry about. But even that so far has not really created inflation. inflation isnt our problem at this point.

 Besides, minimum wage in real dollars today is lower than it was in the 50s, 60s, 70s, 80s and 90s.



Title: Re: Abolish the Minimum Wage Law
Post by: RandyFolds on January 07, 2012, 05:38:47 PM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.


So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country.  An Australian's productivity is only collateral much like a US citizen's.



You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,


Title: Re: Abolish the Minimum Wage Law
Post by: EndTheBanks on January 08, 2012, 08:24:23 PM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.


So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country.  An Australian's productivity is only collateral much like a US citizen's.



You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

It's funded by subsidization and an endless cycle of unsustainable debt provided by China.

China has poor people but the poor don't stay poor forever. They have an economic ladder than actually be reached from the bottom. Australia does not.


Title: Re: Abolish the Minimum Wage Law
Post by: Matthew N. Wright on January 08, 2012, 08:36:40 PM
Why do mods keep whitelisting Atlas?


Title: Re: Abolish the Minimum Wage Law
Post by: RandyFolds on January 08, 2012, 08:50:54 PM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.


So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country.  An Australian's productivity is only collateral much like a US citizen's.



You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

It's funded by subsidization and an endless cycle of unsustainable debt provided by China.

China has poor people but the poor don't stay poor forever. They have an economic ladder than actually be reached from the bottom. Australia does not.

You done fucked up the pyramid, Matthew.


Title: Re: Abolish the Minimum Wage Law
Post by: Matthew N. Wright on January 08, 2012, 09:05:09 PM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.


So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country.  An Australian's productivity is only collateral much like a US citizen's.



You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

It's funded by subsidization and an endless cycle of unsustainable debt provided by China.

China has poor people but the poor don't stay poor forever. They have an economic ladder than actually be reached from the bottom. Australia does not.

You done fucked up the pyramid, Matthew.

 :'(


Title: Re: Abolish the Minimum Wage Law
Post by: NASDAQEnema on January 09, 2012, 01:30:13 AM

Lower the minimum wage 10% a year, and after 10 years there will be no unemployment worldwide.

Comments?



Minimum wage is lower. One gets paid fewer loaves of bread per hour than one used.

That didn't help.

Also it's a staring contest. Starving and free to try other means of short term employment is better than employed and starving and therefore not free to try other means of short term employment.

Dancing around the capital fundamentalist circus (where they only use fiat as a reference of cost) is no good.

Try physical economics instead.

If you lower wages then you have to wait for food and rent to drop as well. Neither are likely. I think minimum wage laws should treat individuals below the 1.5x the poverty threshold differently. This way some kid living at home can make some small change while an adult on their own can still expect some extra for their necessities.


Title: Re: Abolish the Minimum Wage Law
Post by: TheHeroMember on January 09, 2012, 02:10:39 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

Minimum wage law is ok as long as it is FAIR to every employee.


Title: Re: Abolish the Minimum Wage Law
Post by: RandyFolds on January 09, 2012, 03:16:09 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

Minimum wage law is ok as long as it is FAIR to every employee.

Shrink your sig, dog. Y'all shit's annoying.


Title: Re: Abolish the Minimum Wage Law
Post by: P4man on January 09, 2012, 06:29:47 AM
Anyone who thinks lowering or abolishing minimum wages needs a reality check:

http://static.flickr.com/46/177296346_66924aad7c_o.jpg

Minimum wages are already near their lowest ever, and if there is a correlation with employment levels and general economic prosperity, it seems opposite.



Title: Re: Abolish the Minimum Wage Law
Post by: TheHeroMember on January 10, 2012, 01:48:55 AM
Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

Minimum wage law is ok as long as it is FAIR to every employee.

Shrink your sig, dog. Y'all shit's annoying.

Ooops, i guess i really need to shrink this one, thanks mate.  :)