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Discussion in 'Too Hot for Swamp Gas' started by bakaduin, Jul 17, 2013.
I would resort to this if I was ever taking the beating like you are.
I suppose that's possible, but I'm going to go with the other option.
Stop hurting me!!! No Mas!
It's not only possible. It's a fact. As sure as the sun rising tomorrow.
Hey, some are just to dumb to realize when to stop.
again none of you are even talking about the obvious-when min wage goes up so do prices-so what exactly is gained
This is actually a very well-researched trope:
You mean, besides political points? Redistribution, I suppose.
bill....those who advocate raising and raising and raising the min wage, have NO clue whatsoever about real world business. Don't even bother wasting time--they can't grasp it. Just be thankful they don't own businesses or else would be out of business in no time at all.
Yes correct. You should live based on your productive value, aka how much money you make. Sure there are some exceptions that got their money due to lottery or inheritance, lucky for them.
Now your point is a different topic entirely. All those deductions should be eliminated, but taxes should be far lower, especially if everyone lives within their means.
This is just another form of social engineering. No thanks. I have no problem with the market paying people, but let's not pretend its representative of someone's actual value to society, or even their objective "productive value." Lebron James makes millions because people enjoy watching sports and they have leisure time. If they didnt, his "productive value" would be negligible. In other words, there's nothing to LeBron that makes him inherently "worthy" of making millions or of making minimum wage.
Imagine...if businesses had fewer taxes to pay, they could pay more in wages!
Productive value is based on demand, demand includes both essential and non-essentials. Sure Lebron wouldn't be worth a fraction of what he is worth if he was born 250 years ago. So what? People are willing to pay up to see him.
And it's not pretend. Your production is closely linked to how much you are being paid. It is the most objective way of measuring worth. Sure in the margin some people may be producing more than their wage, perhaps in like charity. For the most part your impact to society is how much you make.
The fact is you do agree with me, you just don't know it. Anytime you quote something like GDP you are, by definition, tying marginal contribution to an economy to how much you make and spend
It can't be an "objective" measurement if Lebron would not have had comparable value 250 years ago. What that means is that "productive value" or even "cost" is entirely subjective and dependent on context, the productive forces of society, and culture. You cant transport an iPhone back to 1950 and sell it for $500.
obob- you can show me all the studies you want- I own a business that employees people at min wage-and I can tell you that everytime min wage goes up so do prices- from our suppliers and we pass all those costs along to the consumer-and I belong to a bus group of over 500 business owners and they all do the same
It's called 'real world'. ALL businesses who pay minimum wage do it. Something they rarely, if ever teach in books. Explains why libs can't grasp the concept. Over their collective heads.
Well, these studies were of the very results of the "real world."
The "real world" is also subject to market forces like competition. If you charge $1 for something, and then you raise your rates to $2 and I find savings elsewhere to sell for $1.75, the market moves.
Actual competitive business is far more complex than people tend to think about it.
Here's how most people tend to think of business:
Money in --- money out
These are simply the start and end points that lead to profit or loss. The most important part of what determines cost is in the middle of those two:
Money in --- [ processes, supply chain, competitive markets, production efficiencies, sales efficiencies, etc ] --- Money out
And imagine if payroll taxes were less and people got to keep more of that money they earned, that business could now pay more of. And then demand would go up because people would have more money to spend, and then businesses would be more profitable and hire more people or increase wages, and then more people would have more money to spend and demand would increase and businesses would hire more people and wages could go up and demand could go up and more people could be hired and more demand....
Yes that was an incredible run on sentence on purpose.