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Old 03-20-2013, 10:37 AM  
Taco John Taco John is offline
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Elizabeth Warren thinks minimum wage should be $22/hour



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Old 03-20-2013, 07:17 PM   #31
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Originally Posted by BucEyedPea View Post
That too, but none of those are my real point. We print money instead is my point. That's what appears to be an increase in standard of living but it isn't.
We all know that inflation is going to eventually rear its ugly head and then the standard of living will definitely decrease, but I don't see how his applies to production and productivity. The U.S. government isn't printing money to purchase consumer goods. They are printing money to pay the interest payments on the debt and to keep the government and all its programs running.
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Old 03-20-2013, 07:21 PM   #32
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by LoneWolf View Post
We all know that inflation is going to eventually rear its ugly head and then the standard of living will definitely decrease, but I don't see how his applies to production and productivity. The U.S. government isn't printing money to purchase consumer goods. They are printing money to pay the interest payments on the debt and to keep the government and all its programs running.
It's been happening...it's not going to happen. It's just going to get worse.
Both production and productivity get affected by printing of money which is not real wealth. It's theft.

Oh, btw:

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At Notre Dame, where Mr. Novak and I went to school, things have gone so far to the left in the economics department that a significant number of professors insist that a second department of "mainstream economics" be established to give the school some credibility in the field. The South Bend Tribune reports, with a straight face, that "David F. Ruccio, a prominent Marxist economist in the department," objects because this proposal would "marginalize an entire department of economists who are committed to pluralism and social justice."

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Old 03-20-2013, 07:36 PM   #33
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Originally Posted by BucEyedPea View Post
It's been happening...it's not going to happen. It's just going to get worse.
Both production and productivity get affected by printing of money which is not real wealth. It's theft.

Oh, btw:
I disagree with your opinion about the printing of money affecting productivity, but not enough to continually debate the topic. Nice jab at Notre Dame by the way. Does it improve your opinion of me to know I received my masters degree from Wichita State University or is that school filled with communists too?
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Old 03-20-2013, 08:10 PM   #34
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Originally Posted by LoneWolf View Post
I disagree with your opinion about the printing of money affecting productivity, but not enough to continually debate the topic.
Of course, you're not from the Austrian School of economics which is the only free-market one that makes the analysis I made.....whether it's productivity or production.
Since I'm ironing shirts for a business trip, I was being brief, because I don't have the time to explain it with a long post or more than one.


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Nice jab at Notre Dame by the way. Does it improve your opinion of me to know I received my masters degree from Wichita State University or is that school filled with communists too?
No. I just think phony economics is taught at most universities. Furthermore,as I recall, you took a jab at me first.
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Old 03-21-2013, 01:50 AM   #35
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Isnt this the same dumb bitch that claims to be a Native American? Stupid ****
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Old 03-21-2013, 07:06 AM   #36
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Originally Posted by BucEyedPea View Post
They are related. Either way, we have not produced more goods instead we print money. There's no increase in real wealth or income.
People just feel richer than they are due to the extra money in circulation. To keep it brief.

http://www.thefreedictionary.com/productivity

2. productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Oh sweet irony -- an economics lecture from someone who had no idea what "means of production" meant.
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Old 03-21-2013, 07:11 AM   #37
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I'll just leave this here.

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Old 03-21-2013, 07:58 AM   #38
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Living on $20 an hour is like living on $10 per hour just 20 years ago, as all costs have at least doubled.

Wages for the majority have remained as the gov't and the fed reserve just pump out more money to fund war efforts and idiotic spending.

While I don't think you can just force a wage raise at this juncture, people don't possibly believe that more people in poverty is a good thing right? We're going to inflate our money until people can't live on their wages. America is more prosperous when there are less dirt poor people, not more right?

I guess employing people, I have a concern about how they live and what I basically SHOULD pay them but simply cannot afford. It blows.
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Old 03-21-2013, 10:03 AM   #39
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It's pretty simple, really.

If you make minimum wage and don't receive a raise after a period of time, then that should be a clear signal to you that your work is not valued at a higher wage. Either you should change jobs or somehow add more value to your job. Otherwise,a hike in the minimum wage is just gonna get your butt fired.

Has anyone noticed the illegal population in this country? There is a reason they are here. And it ain't because they are guaranteed a minimum wage.
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Old 03-21-2013, 10:21 AM   #40
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Old 03-21-2013, 11:09 AM   #41
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I think her point is that minimum wage hasn't scaled with inflation.
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Old 03-21-2013, 11:11 AM   #42
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I think her point is that minimum wage hasn't scaled with inflation.
neither has non-minimum wage
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Old 03-21-2013, 01:43 PM   #43
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Originally Posted by WhiteWhale View Post
Living on $20 an hour is like living on $10 per hour just 20 years ago, as all costs have at least doubled.

Wages for the majority have remained as the gov't and the fed reserve just pump out more money to fund war efforts and idiotic spending.

While I don't think you can just force a wage raise at this juncture, people don't possibly believe that more people in poverty is a good thing right? We're going to inflate our money until people can't live on their wages. America is more prosperous when there are less dirt poor people, not more right?

I guess employing people, I have a concern about how they live and what I basically SHOULD pay them but simply cannot afford. It blows.
Common assumption by people, and totally incorrect.

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Old 03-21-2013, 01:44 PM   #44
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Old 03-21-2013, 01:57 PM   #45
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Most minimum wage jobs are unskilled labor. How much should someone make for washing cars, cleaning bathrooms, flipping burgers or checking your groceries out at wal mart? These types of jobs were never intended nor should be intended to raise a family of 4 on. The system is designed for a worker to start at the bottom and work your way up to a new pay scale as you get older, more educated, more experience, develop a trade, etc......



Why is this so hard for some people to understand?
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