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7 setbacks for the middle class

jillyf
jillyf
Jan 25, 2014
10:32am
Block User
Quote
Originally posted by: esteskefauver I ... couldn't even tell you who "my people" are.
I have no doubt.

My people held the center at Gettysburg. My people took Montfaucon in the Argonne. My people have been fighting and dying on battlefields for a THOUSAND years. And you think we don't deserve to be citizens?

You're no daisy.
chefantwon
chefantwon
Jan 25, 2014
11:35am
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The "war on poverty" has been going on since the 1960's (actually since time began, but not in the domains of this discussion) what exactly has happened:

The number of people on welfare has increased.
The number of single parent households has risen dramatically
The high school graduation rate in some cities has decreased below 80%

We keep coming up with more government programs to hand out money to poor people yet it never has
done what it was supposed to accomplish. Get people back to work. Instead more people are on welfare
some, collecting it for most of their adult lives.

People talk about raising the minimum wage, I say stop it! I used to pay less than $5.00 for a meal
and now I'm playing close to $7.00 for one at Wendys. If you like paying $10.00 for a burger at a fast food place, please keep increasing the minimum wage.

Dan Svatass
Dan Svatass
Jan 25, 2014
11:44am
Block User
Gee, I wonder how why drmilled didn't copy this part of the CNN article?

Of course, the president is not completely without a few successes.

"He stepped into the worst downturn in 70 years," Mishel said. "The economy was declining at a really rapid rate in the six months before he took office, and six months later, the economy was growing again. So, you could give him some credit for that."

I am, however, heartened to see that the Democrats' plan to make income inequality a key to their campaign message this year is really taking hold, about time.
Don
Don
Jan 25, 2014
12:04pm
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Quote
Originally posted by: jillyf
My people held the center at Gettysburg. My people took Montfaucon in the Argonne. My people have been fighting and dying on battlefields for a THOUSAND years.

DonDiego's people hold the record for "Number of Socks on One Foot".

Ref: Guiness World Records

drmilled
drmilled
Jan 25, 2014
12:05pm
Block User
In one hand the failures, in the other successes- wonder which hand contains the most? I don't wonder and neither does anyone else who can think rationally. Obama's policies started off slowly and tapered off... And that is the best you can say about his tenure.
Joebellstaff
Joebellstaff
Jan 25, 2014
12:51pm
Block User
Who invited Testes back?
forkushV
forkushV
Jan 25, 2014
3:13pm
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Quote
Originally posted by: jatki99
Quote
Originally posted by: forkushV
The trend started long ago. Thanks elementary school student Obama!!




Have you been making up charts again forkie?...
jatki, if you're going to call me a liar, at least have the huevos to use the word. Anyway, Forbes too:




alanleroy
alanleroy
Jan 26, 2014
12:36am
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Quote
Originally posted by: jillyf
Quote
Originally posted by: alanleroy ...What about all of the workers who don't get jobs or lose their jobs because their skills aren't worth $10 an hour?...
Wealthy young jillyf believes alanleroy's false notions are based on the naive assumption that total social wages are static, such that additional wages paid to some must come from the wages of others.



Actually I never said or implied that I believe such a notion. In fact, the idea that 'wages paid to some must come from the wages of others' comes directly from the exact opposite end of the economic spectrum than me. You know..the ones who really think 'Income Inequality' is an issue and the Government needs to 'Spread the Wealth Around'. They're the 'Fixed Pie People'. Not me.

My ideas are based on the concept of a market for unskilled labor with a price mechanism that determines supply and demand for labor. If the price of labor goes up, the demand for labor goes down. It's pretty simple at its core. Folks can argue about how elastic the demand for unskilled labor is and look at other factors that influence the supply and demand curves, but I think it's hard to argue that Supply and Demand are foreign concepts to the market for labor.

In my humble opinion, we're far better off addressing Poverty in other ways than by the government fixing the minimum price for labor. That only assures that labor resources won't be used efficiently and we'll miss opportunities to employ people whose lack of skills price them out of the labor force.



snidely333
snidely333
Jan 26, 2014
1:11am
Block User
Quote
Originally posted by: alanleroy
Quote
Originally posted by: jillyf
Quote
Originally posted by: alanleroy ...What about all of the workers who don't get jobs or lose their jobs because their skills aren't worth $10 an hour?...
Wealthy young jillyf believes alanleroy's false notions are based on the naive assumption that total social wages are static, such that additional wages paid to some must come from the wages of others.



Actually I never said or implied that I believe such a notion. In fact, the idea that 'wages paid to some must come from the wages of others' comes directly from the exact opposite end of the economic spectrum than me. You know..the ones who really think 'Income Inequality' is an issue and the Government needs to 'Spread the Wealth Around'. They're the 'Fixed Pie People'. Not me.

My ideas are based on the concept of a market for unskilled labor with a price mechanism that determines supply and demand for labor. If the price of labor goes up, the demand for labor goes down. It's pretty simple at its core. Folks can argue about how elastic the demand for unskilled labor is and look at other factors that influence the supply and demand curves, but I think it's hard to argue that Supply and Demand are foreign concepts to the market for labor.

In my humble opinion, we're far better off addressing Poverty in other ways than by the government fixing the minimum price for labor. That only assures that labor resources won't be used efficiently and we'll miss opportunities to employ people whose lack of skills price them out of the labor force.


Personally, I think there's no solution. Some people will be more successful than others. Some will be rich and some will be poor. We can certainly make education a priority and offer people the tools to be successful some people won't take advantage of that.

Another area to improve is how we reintroduce felons into society after incarceration.
jillyf
jillyf
Jan 26, 2014
2:48am
Block User
Quote
Originally posted by: alanleroy

My ideas are based on the concept of a market for unskilled labor with a price mechanism that determines supply and demand for labor. If the price of labor goes up, the demand for labor goes down. It's pretty simple at its core. Folks can argue about how elastic the demand for unskilled labor is and look at other factors that influence the supply and demand curves, but I think it's hard to argue that Supply and Demand are foreign concepts to the market for labor.
Well, see, you don't even know what you believe. If the price of labor goes up, the amount of labor demanded would only go down if total social wages were fixed.

There is no other reason to believe that the demand for labor decreases when the price goes up. Why else would someone hire less labor if the price went up $3.00 per day?

Again, if you can provide PROOF that an increase in the minimum wage reduces real GNP, then that's a whole nuther discussion, which does not require belief in an abstract unproven concept, i.e. the demand for labor is sensitive to price.

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