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Anonymous
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June 25, 2011, 06:35:41 AM |
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Let's not let our currencies be traded in denominations under $10. Everybody gets paid a decent wage now because they couldn't possibly be paid any lower per a unit of their time. They would have to buy goods in larger amounts but it's always good to prepare right?
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ribuck
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June 25, 2011, 11:21:11 AM |
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We would also need to outlaw units of time greater than one hour.
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FreeMoney
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June 25, 2011, 11:48:36 AM |
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We would also need to outlaw units of time greater than one hour.
I think that's in the Patriot Act. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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AyeYo
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June 25, 2011, 01:08:57 PM |
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OMG YOU COMMUNIST FASCIST!!!
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Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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em3rgentOrdr
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June 25, 2011, 11:22:07 PM |
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Let's not let our currencies be traded in denominations under $10.
Don't worry, my friend. In several years, there will be so much inflation that it wouldn't even be economical for the Fed to waste the cotton and ink to print denominations lower than $10. |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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billyjoeallen
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June 26, 2011, 03:24:17 AM |
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Atlas is obviously not being serious, but his sully argument is no less silly that the argument in favor of the minimum wage. If the minimum wage actually raised the standard of living of the poor, why not make it $100/hr? why not $1,000? Wages are determined by productivity and job seekers who's productivity is below the minimum wage level are simply not hired. They have no way to gain on-the-job training (unlike all the interns in Nancy Pelosi's office) that will raise their skill level, productivity level and ultimately their wage level. Just because the argument's too complex for your average knee-jerk liberal to comprehend, doesn't make it wrong. Just because the minimum wage is well-intentioned, doesn't make it right.
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GideonGono
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June 27, 2011, 06:55:04 PM |
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Let's not let our currencies be traded in denominations under $10.
Don't worry, my friend. In several years, there will be so much inflation that it wouldn't even be economical for the Fed to waste the cotton and ink to print denominations lower than $10. <--- I have a load of these that I am not using anymore. |
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TheGer
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June 27, 2011, 07:09:26 PM |
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Minimum wage should be denominated in terms of sustenance. For instance an hours wage is worth the cost of a quart of milk, a loaf of bread, and a pound of butter. This eliminates the inflationary issue because if the price of food goes up, so does your wage.
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AyeYo
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June 27, 2011, 07:14:53 PM |
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Atlas is obviously not being serious, but his sully argument is no less silly that the argument in favor of the minimum wage. If the minimum wage actually raised the standard of living of the poor, why not make it $100/hr? why not $1,000? Because that's idiotic and not sustainable. Slippery slope fail. |
Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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MoonShadow
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June 27, 2011, 07:25:16 PM |
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Minimum wage should be denominated in terms of sustenance. For instance an hours wage is worth the cost of a quart of milk, a loaf of bread, and a pound of butter. This eliminates the inflationary issue because if the price of food goes up, so does your wage.
In what area, in what store? |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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Anonymous
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June 27, 2011, 07:52:07 PM |
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Atlas is obviously not being serious, but his sully argument is no less silly that the argument in favor of the minimum wage. If the minimum wage actually raised the standard of living of the poor, why not make it $100/hr? why not $1,000? Because that's idiotic and not sustainable. Slippery slope fail. ...but doesn't a man deserve to live at $100 an hour? There should be enough wealth to for everybody to live at such a wage. We just need more central planning. Nothing math can't solve... and maybe a gun or two. |
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compro01
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June 27, 2011, 08:04:00 PM |
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Minimum wage should be denominated in terms of sustenance. For instance an hours wage is worth the cost of a quart of milk, a loaf of bread, and a pound of butter. This eliminates the inflationary issue because if the price of food goes up, so does your wage.
In what area, in what store? the area where the worker lives. an average of all stores in the area. minimum wage should be set at a level where the basic needs (food, housing, clothing, etc.) for a family can be met with the pay from a single full time job. |
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myrkul
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June 27, 2011, 08:22:48 PM |
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OK, and let's say that that is... $10 an hour. (just a number I pulled out of thin air)
What happens to the workers whose skills are only worth $9/hr? $8? $5?
What happens to the employers who had 6 workers working at $5/hr?
Does he pay 6 workers twice as much, or does he cut back and pay 3 workers what he used to pay 6?
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TheGer
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June 27, 2011, 08:37:07 PM |
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Regulation nationwide ofcourse! If we're pipe dreaming then dream big and stop nit picking. Minimum wage should be denominated in terms of sustenance. For instance an hours wage is worth the cost of a quart of milk, a loaf of bread, and a pound of butter. This eliminates the inflationary issue because if the price of food goes up, so does your wage.
In what area, in what store? |
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AyeYo
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June 27, 2011, 09:53:18 PM |
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OK, and let's say that that is... $10 an hour. (just a number I pulled out of thin air)
What happens to the workers whose skills are only worth $9/hr? $8? $5? They'll now be paid $10/hr, obviously. What happens to the employers who had 6 workers working at $5/hr?
Does he pay 6 workers twice as much, or does he cut back and pay 3 workers what he used to pay 6?
After lots of bitching and threatening during the political debate over the new minimum wage law, when the rubber meets the road he'll just man up and take a less massive chunk for himself and shell out the extra to the workers. |
Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
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compro01
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June 27, 2011, 10:03:28 PM |
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Does he pay 6 workers twice as much, or does he cut back and pay 3 workers what he used to pay 6?
better question : why did he have 6 workers when he apparently only needs 3? |
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myrkul
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June 27, 2011, 10:19:53 PM |
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After lots of bitching and threatening during the political debate over the new minimum wage law, when the rubber meets the road he'll just man up and take a less massive chunk for himself and shell out the extra to the workers.
Well, Lets say this employer is a restauranteur. Here's what will happen: (And I speak from personal experience here) First, the employer will look to raise his margins, cutting back on quality ingredients, or cutting back on the ingredients themselves (Can anyone say 'McDouble'?) If that doesn't work, He'll cut back on the hours he allots to the management to parse out to the workers. He doesn't want to fire anyone, but if he goes broke, he can't pay anyone. This results in poorer service, longer lines, and more pissed off customers. If THAT doesn't work, He'll start letting people go. Huh. 'Man up' didn't show up in there anywhere. Nor could it, in low-margin industries like Fast Food. Does he pay 6 workers twice as much, or does he cut back and pay 3 workers what he used to pay 6?
better question : why did he have 6 workers when he apparently only needs 3? He had six so he didn't have to work them to death. |
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billyjoeallen
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Hide your women
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June 28, 2011, 09:08:42 AM |
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Atlas is obviously not being serious, but his sully argument is no less silly that the argument in favor of the minimum wage. If the minimum wage actually raised the standard of living of the poor, why not make it $100/hr? why not $1,000? Because that's idiotic and not sustainable. Slippery slope fail. Oh, yes- because YOU know what's sustainable in someone else's business. You must have gone to Princeton. http://en.wikipedia.org/wiki/Economic_calculation_problem |
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1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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