Top economist says raise minimum wage

Compared to who? Compared to you?

 

Pretty much. He is smarter than everyone else though I will admit.

 

[ame="http://www.youtube.com/watch?v=udNHsk57f24"]Rick James "Cocaine is a hell of a drug" - YouTube[/ame]

 

But there are added costs associated with outsourcing that do not always apply to domestic operations. For instance, products made in China and sold in the US are subject to much higher shipping costs than if those same products were produced domestically. If we were able to close the gap in overall costs by reducing the cost of domestic labor, it could serve as a strong incentive for businesses to remain in the US. But that is only one part of the equation; the other part of the equation is tax rates, and in that regard we are not very competitive. Our corporate tax rates is far too high, and compliance with the labyrinthine tax code places a particularly heavy burden on small- to medium-sized firms.

 

I like smokin wit cigerrwets myself

[ame="http://www.youtube.com/watch?v=9Ic-rKVhwD8"]Smokin Wit Cigerrwets[/ame]

 

Quite radically for a liberal, I support a drastic reduction of the corporate tax rate(if not elimination). I am sure you are on board so far!! Just wait for it, I am about to lose you............

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However I would couple that with a relatively drastic reworking of the personal income tax rates, which would add multiple new tax brackets above our current highest tax bracket. We wouldn't lose revenue, but it would create jobs and be good for business.

 

Who says we need to compete with China when it comes to low skill/wage jobs? What we don't need to do is reward those who do not wish to improve themselves into more competitive jobs with an inflated minimum wage. Our workforce needs to change, but that must be an individual initiative, not propped up with inflated wages and government programs that condone and reward low achievement and overall low productivity.

 

I will say this... You have some good points. Your problem is if you are going to be dismissive of other people's posts they will treat your posts the same way. I had a very good analysis in my post that you originally responded to and instead of treating it with the appropriate amount of respect you posted a silly dismissive post. You made several typos and factual errors in your post. I kind of got a sense of some of the good points you were getting at, but do you really expect people to overlook your errors and grudgingly agree with some of your points as a sign of good faith when you are so dismissive of their posts? None of us is perfect. You will be judged in the same manner in which you judge other people's posts. I am getting tired and I do not want to debate anymore this evening. But if you would like to discuss these issues or any other topic at another time feel free. I think you have some good points. If I come at you like an ass when you are genuinely trying to have an honest conversation let me know. I will back off and be more civil. A number of conservatives have some good points on this thread. I think the issue is complex. I don't think any of us truly knows the exact outcome of abolishing the minimum wage or increasing it to $10/hr.

 

American workers are extraordinarily productive. Our lack of productivity is not our problem. We are among the most productive workers in the world.

http://blogs.wsj.com/numbersguy/ranking-the-workers-of-the-world-416/

 

I think taxing people's personal "income" is fundamentally immoral. To me, it's not really "income" because the individual is trading their labor for money. It's not like they're sitting on assets and the money is coming in.

My view on taxation comes from the "Geoist" school, i.e., we should tax assets like land, not wages and salaries. Or, failing that, we should tax a person's net worth instead of their "income".

 

You're talking about labor hours. I want to know about the formation of tangible ideas with intangible ideas, ie Production.

What are you producing if you are so productive?

 

Next time actually read the article, it has nothing to do with labor hours.

 

Yes we do cause we have seen it time and time again. Someone else posted the study that says raising the minimum wage by 10% increases the unemployment by 1%. Now this proposed plan is to raise the min from ~$7 to ~$10. That is over 40% increase in the min wage.

 

There should be no minimum or maximum wage. You should get paid according to your worth. If you have no skills, then you are only worth what someone will pay you to not make him a profit.

 

Really? Because working hours are mentioned at least 4 times in it. Are you sure you read it?

And why do you dodge my questions?

 

Are you trying to make debate tedious and unproductive?

We are very productive by multiple methods of measurement. So as I said. Next time read. It is good for you.

 

Well then the unemployment rate should be at least 40 percent.

 

Well we really have no defense against low skilled jobs going to China. The only jobs that remain in the US are service jobs like fast food because you can't outsource those jobs.

I will say this though. China is going to have big problems in the future. There pollution is atrocious. They are going to have major cancer problems as their population ages. Their workers are going to demand rights. Trust me. When I was a small child it was Japan that was going to take us over. They crashed and burned. Now China is rising. I would not want to be the Chinese premier. They have so many domestic problems its ridiculous and its only going to get worse.

Who would want to compete with this...


Is this what you want for your children?

 

Just trying to get you to answer simple questions. What are we producing if we are so productive?

Yes, we work a lot of hours. That's nice. What are we making if we are so productive?

 

Your question is nonsense. It is based on a simplistic and ignorant understanding of what productivity means. It leaves nothing for me to respond to.

 

Minimum wage is not that productive, often times minimum wage jobs are in high volume low profit margin industries like grocery stores or fast food.

 

There is nothing for you to respond to because you don't actually know. It's okay, a lot of people can't answer that question.

It was a very simple question. The answer was very simple: Nothing. We aren't producing anything. Working a lot of hours doesn't mean anything if you have nothing to show for it. You need to make and manufacture things people actually want. Then and only then can America can actually productive.

 

That was me that posted that analysis.

You are correct. According to the researcher I quoted that would result in a 4% decrease in overall employment. The OP's article says there wouldn't even be a decrease. Anyway hardly devastating considering numerous people who are employed would see their income go up 40%. Plus the OP's article says to phase the wage hike in gradually over several years.



Who knows.

 

All for nothing. Here is my solution, and it is fail proof. Start a buisness, micro enterprise if you have to. Do it in a forigen country where there is 90% buisness overhead, like medical insurance. And make big fat money.

Forget working for a wage, you will only be sucked into a endless whole of debt and dispair.

If nobody wants to hire, go elsewere and start a buisness. You will be glad you did, rather than be a slave to the boss man and the corporation monopolies who snooker you the taxpayer.

 

You are correct.

It's amazing how many supposedly smart public figures keep puzzling over the jobless recovery and the decade of stagnation for the middle class as if exporting our industrial base to China never happened.