Warrior General Games

Originally posted by Lurchy
If can take a couple of months or a couple of years, but every time the minimum wage has been increased the economy has grown following that minimum wage increase.

It's about income elasticity, supply and demand, economies of scale, etc.

The more money there is being exchanged in the economy, the more goods/services being produced. The more goods/services there are being produced, the greater the economies of scale and the more competition there is to keep price inflation below the level of wage increases. As long as minimum wage increases do not exceed inflation, there is no inflationary price pressure on a macro-economic level. When a minimum wage increase exceeds inflation or is localized, inflationary price pressure exists.

So literally every time we've raised minimum wage the economy improves? Crazy.

Originally posted by carumba10
One of the few times I agree with GLB. The wide majority of companies outsource to make more money....and keep investors/shareholders and their wallets happy

But how are they making more money by outsourcing?

By outsourcing aren't they reducing labor costs?

A factory in china can make the same product for a fraction of the labor cost in the US. which means higher profit margins.which makes the fat cats happy.

Or is there something else im missing? I won't ever claim to know it all. So feel free to learn me up.

Originally posted by carumba10
One of the few times I agree with GLB. The wide majority of companies outsource to make more money....and keep investors/shareholders and their wallets happy

And here's one of those "how deep do we want to go" moments.

Are companies motivated by profit? Yeah.

Are wages a primary component of profit? Yeah.

Are wages lower in countries that *destroy* individual rights? Yeah.

Are individual rights *destroyed* in countries that embrace socialism? Yeah.

All of you "justice" warriors don't want to "interfere" or "force our values on others". Yet you allow this bullshit to go on by not requiring that our *trading partners* step up and do what we already know to be the right thing in regard to human rights.

But by all means, all of you that wish to keep believing that Cuba and Venezuela and Iran and any other hellhole you can site are "progressive", please keep doing so.

Originally posted by Lurchy
So your solution is to keep minimum wage at $7/hour while the cost of a gallon of milk goes up to $5?

In most career fields you get a yearly review and with that review comes a raise (if you deserve one). if every year you get a raise of 2-3 percent you will stay well ahead of inflation.

Minimum wage is not meant to be a sustainable wage. It is a starting wage for entry level non skilled jobs. For the kid working part time after school and weekends. Minimum wage paying jobs are not meant to be a career. You are expected to move up in the food chain. Not maintain a skillset only capable of working for minimum wage.

As of 2014, less than 4% of the work force made equal to or less than minimum wage. so the amount of people actually being effected by minimum wage is pretty low. 96% of people make over minimum wage.

Originally posted by Larry Roadgrader
And here's one of those "how deep do we want to go" moments.

Are companies motivated by profit? Yeah.

Are wages a primary component of profit? Yeah.

Are wages lower in countries that *destroy* individual rights? Yeah.

Are individual rights *destroyed* in countries that embrace socialism? Yeah.

All of you "justice" warriors don't want to "interfere" or "force our values on others". Yet you allow this bullshit to go on by not requiring that our *trading partners* step up and do what we already know to be the right thing in regard to human rights.

But by all means, all of you that wish to keep believing that Cuba and Venezuela and Iran and any other hellhole you can site are "progressive", please keep doing so.

You were making sense til #4. So sad you derailed yourself like that.

Originally posted by glbisthewaytobe
You do realize that you just explained why we have inflation. And have completely left out that wages have never kept up with inflation. Convenient.

That post didn't describe inflation, it describes why business owners are not quite as stupid and naïve about money as people on public assistance.

Remember the employer paying $5.39 to get the employee $3.81 ? In reality, the numbers are not even that enticing for business since a business does not make 100% profit margins, they are likely in the single digits. That means that if that employee comes back and spends 100% of that extra $3.81 at their business and they have an 8% profit margin, that business paid $5.39 and got to pocket 31 cents.

Originally posted by carumba10
One of the few times I agree with GLB. The wide majority of companies outsource to make more money....and keep investors/shareholders and their wallets happy

I agree with the make more money part. However, all business attempts to cut production and operation costs, increase revenues, increase margins, increase net after tax. I do that and I do not have share holders. A majority of businesses map out a long term financial future and attempt to maintain a strong balance sheet in order to be flexible enough to take advantage of opportunities and survive economic downturns.

There are many companies that need to answer to shareholders, some do a good job of both satisfying shareholders and long term business success but not all.

It really doesn't make business unique, if you were getting paid twice as much as you were right now, would you still shop for the best price or does money become less important ? Would you start buying an American Manufactured product so that you contribute to the economy or would you buy the one manufactured in Asia and save $150 ? I'll be honest, I am going to go with the cheapest option, only exception being if it is an inferior product.

Originally posted by TruBucfan22
In most career fields you get a yearly review and with that review comes a raise (if you deserve one). if every year you get a raise of 2-3 percent you will stay well ahead of inflation.

Minimum wage is not meant to be a sustainable wage. It is a starting wage for entry level non skilled jobs. For the kid working part time after school and weekends. Minimum wage paying jobs are not meant to be a career. You are expected to move up in the food chain. Not maintain a skillset only capable of working for minimum wage.

As of 2014, less than 4% of the work force made equal to or less than minimum wage. so the amount of people actually being effected by minimum wage is pretty low. 96% of people make over minimum wage.



It will impact all wages. If you are currently making $15 while your co-worker who is just starting is making $10, you won't be happy making $15, you will want to stay on the same scale and make $22.50

Originally posted by glbisthewaytobe
So literally every time we've raised minimum wage the economy improves? Crazy.

Prior to Iraq, every single time we went to war, the economy soared.

Tell me you are starting to see that what happened in the 1940's and 1970's has nothing to do with the current reality.

I'll admit economics is not my strong point and it usually puts me the fuck to sleep.. but why don't we just stop printing money? Or at least cut it way the fuck back? Wouldn't that slow inflation so we don't have to raise the minimum wage as often?

Originally posted by rams78110
I'll admit economics is not my strong point and it usually puts me the fuck to sleep.. but why don't we just stop printing money? Or at least cut it way the fuck back? Wouldn't that slow inflation so we don't have to raise the minimum wage as often?

No.

Originally posted by Cowpoker
Prior to Iraq, every single time we went to war, the economy soared.

Tell me you are starting to see that what happened in the 1940's and 1970's has nothing to do with the current reality.

Except the parralels are getting eerie. Average Americans purchase power is right where it was prior to the stock market crash, we're zooming towards another housing bubble burtsing, we are primed for ww3, etc.

And no, not every time prior to Iraq did war help the economy. Or are you forgetting Vietnam and korea?

Originally posted by TruBucfan22
In most career fields you get a yearly review and with that review comes a raise (if you deserve one). if every year you get a raise of 2-3 percent you will stay well ahead of inflation.

Minimum wage is not meant to be a sustainable wage. It is a starting wage for entry level non skilled jobs. For the kid working part time after school and weekends. Minimum wage paying jobs are not meant to be a career. You are expected to move up in the food chain. Not maintain a skillset only capable of working for minimum wage.

As of 2014, less than 4% of the work force made equal to or less than minimum wage. so the amount of people actually being effected by minimum wage is pretty low. 96% of people make over minimum wage.



Minimum wage is supposed to be a liveable wage. Do you not learn history? Or do you just make shit up? Read what fdr (the president who enacted minimum wage laws) said about them.

Originally posted by glbisthewaytobe
Except the parralels are getting eerie. Average Americans purchase power is right where it was prior to the stock market crash, we're zooming towards another housing bubble burtsing, we are primed for ww3, etc.

And no, not every time prior to Iraq did war help the economy. Or are you forgetting Vietnam and korea?

OK, we might be on to something here. What changed from WWII to Korea in how the US funded the war effort and how different was the manufacturing landscape in the United States from WWII to Korea to Vietnam to Iraq ?

The funding/tax policy is important but not necessarily to the wage topic, the percentage of people employed (you can chose to include women but have to remember that many women did not work in that era) in manufacturing/production jobs that benefit greatly from additional funds available is more important to recognize how past results are not a reliable indicator of future actions.

To prevent a wild goose chase, you need to look at industries as a percentage, not total jobs since population changes impact number of jobs.