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Jonathan Townsend Eternal Order Ossining, NY 27297 Posts |
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On Nov 12, 2018, landmark wrote: Not sure about that landmark. Which revolution was that? We hold these truths to be self evident, so get to the back of the bus and go back to your owner and master, Mister Douglas.
...to all the coins I've dropped here
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landmark Inner circle within a triangle 5194 Posts |
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On Nov 12, 2018, Jonathan Townsend wrote: I'm satisfied with what I am doing at this point in my life. Are you? Quote:
And in the mean time are you propagating "the system"? Indoctrinating others into "the system"? One of the fundamental features of Capitalism as Gramsci and others have pointed out is its ability to reproduce and transform itself while maintaining its unequal class structure intact. One cannot be a member of a capitalist society and not in some respects help to reproduce it. Given that, I do the best I can. See above. Quote:
Getting back to the OP and his valid question - if the minimum wage goes up - I'm guessing prices would go up as well. Yes, prices may go up, for a while anyway. Then some capitalist will undercut those who raised their prices and lower his or hers, and prices will come down again, albeit probably at a somewhat higher level than the pre-wage increase. The relevant question is whether workers will have decreased buying power because of that. Empirically, the answer is that increased minimum wage increases buying power. I have never seen a labor movement demand that the minimum wage be lowered or abolished in order to increase their buying power and standard of living. No one is marching in the street on that. The pressure to abolish minimum wage laws comes from the Owner class.
Click here to get Gerald Deutsch's Perverse Magic: The First Sixteen Years
All proceeds to Open Heart Magic charity. |
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landmark Inner circle within a triangle 5194 Posts |
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On Nov 12, 2018, Jonathan Townsend wrote: Oh yes, we agree on that, John. I'm talking about rhetoric. But yes the capitalists were still wrangling about their "property rights" as they compromised with 3/5 ths.
Click here to get Gerald Deutsch's Perverse Magic: The First Sixteen Years
All proceeds to Open Heart Magic charity. |
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Intrepid Inner circle Silver Spring, MD 1179 Posts |
Quote: On Nov 9, 2018, funsway wrote:
Bob
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Senor Fabuloso Inner circle 1243 Posts |
It's already been established that more worth of an employee DOESN'T necessarily equal higher wages. The job market and unemployment rate, as well as many other factors, will affect what employers are willing to pay.
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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Intrepid Inner circle Silver Spring, MD 1179 Posts |
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On Nov 13, 2018, Senor Fabuloso wrote: Nothing in life is guaranteed, except death and taxes. And life is a constant struggle of ups and down. But those that try have a better shot than those that don't. These are words I know you don't like, and I apologize for that. Feel free to dismis this comment as you please.
Bob
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Senor Fabuloso Inner circle 1243 Posts |
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On Nov 13, 2018, Intrepid wrote: I can show you ways to not pay taxes but I do agree, that trying to change ones station in life through education and personal growth is a positive and worthwhile goal. I will also concede, that good character, education and a positive attitude SHOULD equal more success in life but often doesn't. Come to think of it, I can show you how to avoid death also.
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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The Hermit Veteran user 301 Posts |
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On Nov 11, 2018, landmark wrote: The U.S. Census Bureau reported in September 2017 that real median household income was $59,039 in 2016, exceeding any previous year. |
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The Hermit Veteran user 301 Posts |
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On Nov 12, 2018, landmark wrote: A whole lot of assumption packed in here. Everyone will work for someone - boss, government, politburo, customer, etc. Oh and let's get that 1% again - someone everyone can hate because they have more than other. Owners needs are to make sufficient profit for their needs without going out of business. What is a sustainable life? Who exactly are those owners that exploit? All owners? Workers have the right to take or refuse employment. Owners have the right to offer or not. Where those two rights coincide, you have employment. There are no other rights. |
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The Hermit Veteran user 301 Posts |
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On Nov 13, 2018, Senor Fabuloso wrote: Wrong. An employee's worth to the company always equals his wage. That is the very essence of paying people to work for you. The value of any product is about it's value to YOU. |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On Nov 11, 2018, Senor Fabuloso wrote: And how, exactly, does automation or outsourcing help the people who are supposed to benefit from an increased minimum wage? |
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Senor Fabuloso Inner circle 1243 Posts |
It dsoesn't. But that's of no importance to the employer, who wants to be cost consensus.
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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Senor Fabuloso Inner circle 1243 Posts |
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On Nov 15, 2018, The Hermit wrote: You omitted the "higher" from your analysis of my post, making your assessment WRONG! Learn to read and read to learn.
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On Nov 15, 2018, Senor Fabuloso wrote: Precisely. So . . . you agree that raising the minimum wage doesn't help minimum wage employees. At least, not on the whole. Quote:
On Nov 15, 2018, Senor Fabuloso wrote: I presume that you meant "conscious", not "consensus". Nobody suggested that it's of any importance to the employer, and I never suggested that it should be. Only that, again, economic interference that's supposed to help employees ends up hurting them. |
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Senor Fabuloso Inner circle 1243 Posts |
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On Nov 15, 2018, S2000magician wrote: I agree if the business is incapable of absorbing the minimum wage Quote:
On Nov 15, 2018, Senor Fabuloso wrote: Quote:
I presume that you meant "conscious", not "consensus". Yes. Thanks for the correction. Quote:
Only that, again, economic interference that's supposed to help employees ends up hurting them. I'm not sure that is true always but considering things like inflation and buying power perhaps, it does more times than not? I still believe that if a worker is unhappy, the likelihood of the employer getting their monies worth is slim. A happy worker makes for a happy employer.
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
Quote:
On Nov 15, 2018, Senor Fabuloso wrote: What do you mean by "incapable"? Unless demand for (minimum-wage) labor is perfectly (price) inelastic, there will be a (non-zero) deadweight loss. |
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Senor Fabuloso Inner circle 1243 Posts |
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On Nov 16, 2018, S2000magician wrote: Can''t afford or won't afford the wage.
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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Jonathan Townsend Eternal Order Ossining, NY 27297 Posts |
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On Nov 16, 2018, Senor Fabuloso wrote: the word "afford" avoids at least one choice and its associated costs. If you're a business the idea is usually to pass along costs to the customer as price. ? a game with objective to make the other player(s) pay for deadweight costs.
...to all the coins I've dropped here
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Dynamike Eternal Order FullTimer 24148 Posts |
If the federal minimum rage did increase to $15 or $20 or higher maybe there will be no difference. Because if the work rage increases, all the prices for services and products will increase. People are then going to ask for a higher wage again. But if there was a law ordering all prices must stay the same for at least 15 years after the federal minimum rage increases, we might have something there.
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Senor Fabuloso Inner circle 1243 Posts |
Mike, if minimum wage is an issue in your country, how do you think business will respond to price fixing?
No matter how many times you say the wrong thing, it will NEVER be right.
If I'm not responding to you? It's because you're a TROLL! |
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