Shouldn't we increase the demand for labor rather than the minimum wage?

When we increase the minimum wage it has a negative consequence of increasing unemployment. This is basic ECON 101:


However, there's another way to increase both employment and wages. That is to incentivize businesses to hire Americans through tax and regulatory that makes it easier for businesses to hire Americans. Lots of businesses are still sitting on cash, but our high tax and regulatory burdens make it hard for companies large and small to invest in America. We particularly make it hard on small businesses who mostly employ fellow Americans. Unlike large corporations it's very difficult for small businesses to keep up with the regulations coming out of Washington, they also don't have the top tier accountants that allow big businesses to avoid paying the crushing 30%+ federal tax rates small business owners have to pay.

Right now real median wages are stagnant. 2013 was not much better than 2012 which was the lowest number since 1995:

 

That's a good topic.
I think the unions should give to the Republicans instead of the dims. They could support the elimination of the min. wage. When employers cut their pay in half, they'd sign up when the union came calling. They could also support the elimination of osha. Unions could negotiate safety for the workers instead. This would enable the Republicans to cut taxes, since they could cut government staff for min. wage and osha laws.

 

Increasing incentives are no guarantee that more jobs will be created; reducing taxes for small business means that the lost revenue for the government has to be made up by passing the costs off to the taxpayers since corporations find loopholes to avoid paying increased taxes or in some cases no taxes at all (General Electric Corporation comes to mind).

Changing the laws that allow businesses to move overseas and sell their products in this country might be a way to ameliorate the issue of giving incentives to small business and at the same time discouraging big businesses from moving out of the US. I think its a viable way of addressing the problem.

 

Create a huge union, general strike, negotiate a universal deal that works for everybody, including business.

 

Who cant policy be good to stimulate business while keeping personal taxes low and then govt learning to deal with whatever revenue it gets? If business isnt employing and wages stagnate they're policies must suck and should be thrown out! Do it well and govt will have more revenue.....wow what a radical idea.....govt does a good job = more revenue, does a poor job = less and get the boot.

 

take away the tax cuts from those that outsource, they already saved money by outsourcing, they do not need the tax cuts if they are sending jobs overseas

- - - Updated - - -

gov spends less, less money enters the economy... less gov jobs equals less money entering the economy....

will reducing gov spending really increase the economy?


.

 

Our corporate tax as it stands is bull(*)(*)(*)(*). It's far higher than most of the developed world and it's a form of double taxation anyway. Corporations first pay a tax on earnings, then the flesh and blood people who collect what's left pay taxes on those same dollars.

Also, laws that ALLOW companies to leave? Really? As opposed to what? Laws that create a regulatory iron curtain keeping business from fleeing? You'd like that wouldn't you.

 

Govt spending simply to stimulate the economy is failed or communism wouldve worked. How about just having a flat tax on business and personal income - that way you cant raise it on the group you dont like and the govt can get more revenue by making good policy. They do that then workers, companies and govt are all happy. Instead you want a system where they're unaccountable for spending.

So.......simply take of mine what you must MrSlavemaster govt man, ill get by with whatever you think i should keep - thats not being free that is free range slavery

 

It gets worse. Obama is about to unleash a million new H-1B visas on the tech industry. The fool is going to tank our economy!

This idiot just spend practically the entire campaign touting his unemployment numbers, and now he's going to give away all our jobs to the Indians.

What an *sshole.

 

When Reagan fired PATCO it began the end of unions and consequently...the middle class of America:

You people are so full of schit. The unions made the middle class...you remember back in the days we had a middle class:
View attachment 31125

View attachment 31123

View attachment 31124

In the late 40's a corporate executive made about 12-15 times what a carpenter or plumber made. By the 70's that multiplier had increased to 100 times as much. In 2012 a typical CEO made about 550 times what an ordinary worker earned. Just when will the snowballing bullschit stop?

 

Hey man, I'm not a Republican. I've never uttered a single word against collective bargaining in this country, not one.

 

See, there's your problem, and the problem with socialism. There is no 'universal deal for everyone'. It won't work. If it would, commumism would have worked.
I'm not against unions. Just 1. closed shop unions, because then they become as corrupt as the corps. they point the finger at. 2. government unions b/c they steal money from taxpayers to fund their pensions, salary, and healthcare that is better than those they're stealing the money from.

 

Other than your wordsmithing you sound like some of the Tennessee trailer trash who vote straight Republican. A progressive taxing system is what helped to create a middle class in this country. When Reagan slashed rates to the lowest since the great depression and fired the PATCO union that was the beginning of the end. Your freedom ends when you start lying about history. You should try watching some channel except FAUX!!

View attachment 31127

View attachment 31128

View attachment 31129

 

YOU should listen to Rush Limbaugh and Sean Hannity.

 

If you actually think that the Democratic party in this country is the least be like socialism you have your Republican head up your Republican arse so far that you'll never smell fresh air or see daylight again:

In reality the Republican party is representing rich people and corporations while the middle class disappears in America.

View attachment 31130

View attachment 31131

View attachment 31132

 

No Thanks....I've heard them. As a matter of fact Mark Levin too. Sometimes I wonder if they really think that way or that they are just promoting the Right Wing agenda. If they really think that way they should be in a mental institution.

- - - Updated - - -

If you actually think that the Democratic party in this country is the least be like socialism you have your Republican head up your Republican arse so far that you'll never smell fresh air or see daylight again:

In reality the Republican party is representing rich people and corporations while the middle class disappears in America.

View attachment 31130

View attachment 31131

View attachment 31132

View attachment 31133

 

Oh, right. That's why Al Gore, The Clintons, and Obama are all millionaires. No, they are the hypocrites. If they believed in 'redistribution' they would not be wealthy. They'd give to the poor until they were wealthy no more. But, no. In typical democrat fashion, they spend OTHER peoples' money.

 

You sir, have been brainwashed by your masters in the Democratic Party. They've turned you into a useful idiot (no offense). Seems to me you might want to check the reality before regurgitating any more of your party's talking points.

 

Stop worrying Obama TPP will change all this. Maybe. Well he doesn't want us to know what's in it but I'm sure it will stop large corp out sourcing. Obama is all about the people. That's why he won't let us know what's in it. Right?

 

Yes, I'd like that. You leave, either pay high tariffs or go sell your products elsewhere. I'm for America first, the rest of the world second. Maybe money means everything to you, but to me it doesn't. Keep the work in America, you want to leave, fine but don't expect to be able to sell your products here in America without paying very heavy tariffs. We all should be working for the betterment of all mankind.

 

The businesses "sitting" on cash are not the ones you want to be working with. Facilitating and incentivizing the creation or expansion of small businesses that almost never export themselves to the third world would be the better long-term policy shift. The Small Business Administration is a policy failure. It does not help the people who most need the help. If you are on welfare and want to open a nail salon, small restaurant, etc, there is no help for you.

 

I would take about 10 years of that policy to convert us into a third world country.

 

Tax cuts and regulatory changes don't increase employment. Companies only hire employees if they need to produce more product, and they only produce more product if there is someone buying it. The fact that so many businesses are sitting on cash instead of investing in more production tells us it's not the supply side of the equation that is out of balance.

 

For leftists, welfare is good and jobs are bad. Raising the minimum wage is simply another form of welfare.