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Author Topic: Abolish the Minimum Wage Law  (Read 2012 times)
RandyFolds
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January 07, 2012, 05:38:47 PM
 #21

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,

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January 08, 2012, 08:24:23 PM
 #22

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.

Hector Con Carne, Leader of Evil Con Carne International (http://www.youtube.com/watch?v=HRjqEGYAAPM)
Matthew N. Wright
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January 08, 2012, 08:36:40 PM
 #23

Why do mods keep whitelisting Atlas?

RandyFolds
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January 08, 2012, 08:50:54 PM
 #24

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.

▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
▓▓ ONEDICE.ME ▓▓▓▓▓ BEST DICE EXPERIENCE ▓▓▓▓ PLAY OR INVEST ▓▓▓▓▓▓
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Matthew N. Wright
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January 08, 2012, 09:05:09 PM
 #25

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.

 Cry

NASDAQEnema
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January 09, 2012, 01:30:13 AM
 #26


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.

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TheHeroMember
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January 09, 2012, 02:10:39 AM
 #27

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.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
RandyFolds
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January 09, 2012, 03:16:09 AM
 #28

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.

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▓▓ ONEDICE.ME ▓▓▓▓▓ BEST DICE EXPERIENCE ▓▓▓▓ PLAY OR INVEST ▓▓▓▓▓▓
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P4man
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January 09, 2012, 06:29:47 AM
 #29

Anyone who thinks lowering or abolishing minimum wages needs a reality check:



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


TheHeroMember
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January 10, 2012, 01:48:55 AM
 #30

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.  Smiley

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