the minimum wage: reality check

None of this (*)(*)(*)(*) is true at all.

History has shown that business will seek to maximize profits at the expense of the consumer at EVERY TURN. If you think nearly doubling the minimum wage will not make companies raise their prices to avoid profit loss then you are just in wishful thinking.

This is fact. Not opinion. lolol. Such willful ignorance.

 

I answered it with factual history backing me up.

You just refuse to accept it out of wishful thinking.

This is fact, not opinion. You are wrong.

 

You have no factual history. Inflation is not a problem with supply side economics in modern times.

 

I absolutely do, your refusal to see it is very telling, when it is so obvious.

Your theory is heavily rooted in the idea that businesses will just play nice. They wont.

I wish they would. Heck if they would just take make 48 million a year net gain, as opposed to 50 million. Their employees could make 15 bucks an hour. And get more than 25 cent raises every year. LOL, its almost laughable its so stupid to get such a small raise for dedicating so much time to a company.

But as they stand now, they arent interesting in helping. They have to be forced. For anything like what you want to happen would take the government to force it to happen. Which I am all for. For anything less than that, and your proposal will not work. Its just fact.

 

You don't have a clue or a Cause; and have to make up your own straw man arguments to "beat up".

Simply resorting to the socialism of the law, is a form of command economics; supply side economics is a government directed economy.

 

Well if you ever get your way, you will see how wrong you are. I can only point out factual information so many times lol.

Smart dont always win lol.

Sometimes ignorant, vocals like yourself do.

 

dude; you are literally, incredible when you Only have, continuance, diversion, and other forms of fallacies at your disposal.

 

now i understand, every Thing.

 

No you really dont lol

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Its not fallacy, its fact. lol

 

Only the right is that cognitively dissonant.

Here is what the US, should be specializing in: In their model, trade allowed countries like America to economise on labour, by concentrating on capital-intensive activities that made little use of it. Industries that required large amounts of elbow grease could be left to foreigners. In this way, trade alleviated labour scarcity.

Source: http://www.economist.com/news/econom...onvenient-iota

It isn't like the wealthiest don't have enough money.​

Capitalism died in 1929; we have had a "command economy" ever since.

 

projecting much, dear Person on the right.

 

I dont identify as someone on the right.

I have opinions on both sides. Projecting much? lolol

Sorry, but you are wrong.

 

you resort to fallacy while proclaiming the alleged, "gospel Truth" of what you say.

 

Its not fallacy. Its objective truth, supported by history which shows the nature of businesses. You call it fallacy so you dont have to accept it. But it is objective truth.

 

The objective truth is that Firms that rely mostly on cheap labor may fail at the new wage equilibrium. so what. we should be exporting our cheap labor jobs where they can be of most use; the third world.

 

Only sheep play the game of left vs. right.

Money isn't wealth, and the wealthiest often don't have a lot of money. They have assets. Assets which must be liquidated; wealth that must be destroyed to suit your moral agenda.

There are elements of a command economy and there are many elements of crony capitalism. Even some socialism. One need only look to the most heavily regulated areas of the economy to see inefficiency and high prices.

 

It can be objective truth, and then use a word like "may" lolol

You are objectively wrong. get over it.

 

Yes, Walmart does depend on cheap labor. As do almost every example of a big box store I posted. When labor is raised to a rate they can't afford they must 1.) Cut back on overhead which is largely made up of labor, since you know they can't force manufacturers and distributors to sell them goods for less 2.) Raise prices, which they can only do so much while trying to stay competitive with places like Amazon.

Its simple math.

 

You can't value work ethic. You personally believe that the unemployed should be paid a "living wage".

No work ethic to you = work ethic.

 

Not at all. It is just politics as usual, for some on the left. The right usually has nothing but repeal, instead of better solutions at lower cost.

dear, it only takes money to make more money, under any form of capitalism.

It isn't like the wealthiest don't have enough money.

Why not ask government to try to ensure "full employment of resources" in any given market, but especially the market for labor. Capitalism died in 1929; we have had a "command economy" ever since. Only the cognitively dissonant right, complains about socialism after 1929.

 

Yes, dear. Only the right likes to hearsay and soothsay, while proclaiming their subscription to their alleged, "gospel Truth" in public venues.

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Yes. I value a historical work ethic from the Age of Iron, enough to subsidize more of it, through capital principles.

 

Factual information and history is exactly what opinions should be based on. You just have fairy tales.

 

You only have fallacy, not factual information. Or, you would simply post your, allegedly, good argument. Nothing but fallacy. Just as I always suspected.

 

You know very little about Walmart it seems. They absolutely "force manufacturers and distributors to sell them goods for less".

They do it all the time.

Thy COULD cut their profits...and if their competitors do that to get a larger market share...they have to follow suit.