Minimum wage not enough to beat poverty, research says

thoughtone

Rising Star
BGOL Investor
No wonder the muhfuckas at QT be doing tricks, working in Turbo mode, and happy as fuck to greet customers all day. "Hello!!! Welcome!! :)" n shit :lol:

Sent from my SGH-M919 using Tapatalk 4 Beta

Word!

Check the service at QT verse Walmart and what is the pay difference between the two.
 

Dannyblueyes

Aka Illegal Danny
BGOL Investor
Even though you're purposely taking what I said out of context, I'll be your huckleberry.

What is it about being an adult that makes you skilled or marketable? What is it about having two years of college that makes you skilled or marketable, let alone just a high school diploma?

The whole point of getting a high school diploma or college degree is to become skilled and marketable. It's also presumed that once you've become an adult you have developed enough work experience to become a bigger asset than someone who is still a teenager.

Minimum wage is necessary because it sets the bar for all workers regardless of skills. If the guy flipping your fries can't make $7.25 an hour then who does? The guy lifting boxes in a warehouse? The mechanic who fixes your car? Your tax accountant?

If it were up to many companies and corporations we'd all be chained up in sweatshops working 14 hours a day for pennies. Oh wait, they already do that in private prisons.
 

QueEx

Rising Star
Super Moderator
I was listening to an interesting discussion the other day regarding the interrelation between "equity" and "sustainable growth". Does that have anything to do with minimum wage :confused:
 

Greed

Star
Registered
The whole point of getting a high school diploma or college degree is to become skilled and marketable. It's also presumed that once you've become an adult you have developed enough work experience to become a bigger asset than someone who is still a teenager.

Minimum wage is necessary because it sets the bar for all workers regardless of skills. If the guy flipping your fries can't make $7.25 an hour then who does? The guy lifting boxes in a warehouse? The mechanic who fixes your car? Your tax accountant?

If it were up to many companies and corporations we'd all be chained up in sweatshops working 14 hours a day for pennies. Oh wait, they already do that in private prisons.
I disagree with every one if your underlying assumptions.

You and thoughtone are assuming that the education system is adequate. Go look at the No Child Left Behind thread. Colleges are complaining about kids graduating high school with good grades in math and English but still need to take non-credit remedial courses to bring them up to level of freshman math and English. Go look at the Labor Thread. Kids are graduating college with no common sense regarding how to show up to an interview. Bringing their parents, texting during, or actually bring pets.

Businesses shouldn't have to subsidize bad parenting and bad government with a charity wage-level guaranteed just for breathing.

There is nothing inherently skillful or marketable when we're talking about education or age. That's just the vanity of people who have both as they make excuses about their own life.

You also seem to disconnect skill-level from wage-level. Why would anyone, just by showing up to work, deserve any automatic wage?
 

Greed

Star
Registered
I was listening to an interesting discussion the other day regarding the interrelation between "equity" and "sustainable growth". Does that have anything to do with minimum wage :confused:
No, that has to do with the productivity of a person and having wages that are commiserate with that productivity. As muckraker pointed out in a different thread. The strong link between productivity and wages has been broken leaving only a loose connection that's proven to be inadequate.

The minimum wage isn't set by any economic theory at all. It's just an arbitrary political dictate revolving around what politicians can get away with.
 

thoughtone

Rising Star
BGOL Investor
No, that has to do with the productivity of a person and having wages that are commiserate with that productivity. As muckraker pointed out in a different thread. The strong link between productivity and wages has been broken leaving only a loose connection that's proven to be inadequate.

The minimum wage isn't set by any economic theory at all. It's just an arbitrary political dictate revolving around what politicians can get away with.


The strong link between productivity and wages has been broken leaving only a loose connection that's proven to be inadequate.

Hence:

source: Los Angeles Times

U.S. CEO's pay 231 times higher than that of average workers


So much for the new austerity.

The average U.S. chief executive earned more than $11 million last year in salary, stock options and other compensation, according to a new analysis by the Economic Policy Institute. That’s about 231 times more, on average, than workers.

That ratio has shrunk a bit since the height of the dot.com bubble, when a ballooning stock market inflated CEO compensation to 411 times that of working stiffs.

And it’s smaller than the pay gap calculated recently by the AFL-CIO, the umbrella federation of unions representing about 12 million U.S. workers. Their analysis concluded that the typical CEO of an S&P 500 Index company made 380 times the average wages of U.S. workers in 2011.

Whatever. What's clear is that the pay gap between U.S. CEOs and rank-and-file workers is higher than anywhere else in the developed world. And it has been accelerating over the last few decades. In 1965, the U.S. CEO-to-worker compensation ratio was roughly 20 to 1.

Here are some additional stats to put the oh! in CEO:

-- 725%: That's how much average CEO compensation increased between 1978 and 2011, according to EPI.

-- 5.7%: That’s how much the average worker’s compensation increased over the same period.

Bottom line: It pays to be CEO.
 

Greed

Star
Registered
The Audacity of the Undeserving

Fast-Food Workers Strike for Higher Wages in U.S. Cities
By Leslie Patton
Jul 29, 2013 10:13 AM CT

Thousands of fast-food workers from restaurants such as McDonald’s Corp. (MCD) and Wendy’s Co. (WEN) walked off the job beginning today, calling for $15-an-hour pay.

Employees of fast-food eateries are striking in New York City, Chicago, St. Louis, Detroit, Milwaukee, Kansas City, Missouri, and Flint, Michigan, this week, organizers said in an e-mailed statement. The workers, who also are demanding the right to form a union without retaliation, are organized by groups such as New York Communities for Change, Jobs with Justice and Action Now. The Service Employees International Union is providing money to the campaigns and helping to organize the strikes.

American fast-food and retail workers have been striking this year for higher wages. In April, employees from McDonald’s and Yum! Brands Inc. (YUM), which owns the KFC and Taco Bell chains, joined workers from Macy’s Inc. (M) and L Brands Inc. (LTD)’s Victoria’s Secret chain in walking off the job in Chicago and New York for higher pay.

“With the Occupy movement and discussion about the 1 percent, people are much more aware about the increase in inequality,” Janet Currie, an economics and policy affairs professor at Princeton University, in Princeton, New Jersey, said during an interview. “There are a lot of people right at the top of the distribution who are doing better than that segment of the population has since the 1920s, and that’s driving a lot of the income inequality.”

Occupy Movement

Occupy Wall Street, which began in 2011 in Manhattan, is a movement against multinational corporations, large banks and the richest 1 percent of people, according to the group’s website. The group has helped to make Americans more aware of income inequality as legislators debate laws about wages and benefits for low-paid workers.

Congress last voted to raise the federal minimum wage in 2007 and President Barack Obama’s call to raise it to $9 an hour from $7.25 has recently gone nowhere with lawmakers. Certain states set minimum wage above the federal standard; minimum hourly pay in Illinois, for example, is $8.25.

McDonald’s Chief Executive Officer Don Thompson said last week that McDonald’s is an “above minimum-wage employer” during an interview on Bloomberg TV. The world’s largest restaurant chain, with more than 14,100 U.S. locations, will continue to provide entry-level jobs, he said.

“The majority of McDonald’s restaurants across the country are owned and operated by independent business men and women where employees are paid competitive wages, and have access to flexible schedules and quality, affordable benefits,” Ofelia Casillas, a spokeswoman for Oak Brook, Illinois-based McDonald’s, said in an e-mail.

Adding Jobs

The leisure and hospitality industry, which includes restaurants, is adding jobs faster than any other sector in the U.S. In June, the sector added 75,000 jobs, according to data from the Bureau of Labor Statistics. Fast-food cooks make $9.02 an hour, or about $18,760 a year, on average, according to 2012 data from the Washington-based agency.

Workers from Burger King Worldwide Inc. (BKW), Domino’s Pizza Inc. (DPZ) and Subway restaurants are also striking this week.

http://www.bloomberg.com/news/2013-...rs-strike-for-higher-wages-in-u-s-cities.html
 

thoughtone

Rising Star
BGOL Investor
The Audacity of the Undeserving

Fast-Food Workers Strike for Higher Wages in U.S. Cities
By Leslie Patton
Jul 29, 2013 10:13 AM CT

McDonald’s Chief Executive Officer Don Thompson said last week that McDonald’s is an “above minimum-wage employer” during an interview on Bloomberg TV.

source: Atlantic

McDonald's Can't Figure Out How Its Workers Survive on Minimum Wage

In a financial planning guide for its workers, the company accidentally illustrates precisely how impossible it is to scrape by on a fast food paycheck.

Well this is both embarrassing and deeply telling.

In what appears to have been a gesture of goodwill gone haywire, McDonald's recently teamed up with Visa to create a financial planning site for its low-pay workforce. Unfortunately, whoever wrote the thing seems to have been literally incapable of imagining of how a fast food employee could survive on a minimum wage income. As ThinkProgress and other outlets have reported, the site includes a sample budget that, among other laughable assumptions, presumes that workers will have a second job.

mcdonaldssamplemonthlybudget.jpg


As Jim Cook at Irregular Times notes, the $1,105 figure up top is roughly what the average McDonald's cashier earning $7.72 an hour would take home each month after payroll taxes, if they worked 40 hours a week. So this budget applies to someone just about working two full-time jobs at normal fast-food pay. (The federal minimum wage is just $7.25 an hour, by the way, but 19 states and DC set theirs higher).

A few of the other ridiculous conceits here: This hypothetical worker doesn't pay a heating bill. I guess some utilities are included in their $600 a month rent? (At the end of 2012, average rent in the U.S. was $1,048). Gas and groceries are bundled into $27 a day spending money. And this individual apparently has access to $20 a month healthcare. McDonald's, for its part, charges employees $12.58 a week for the company's most basic health plan. Well, that's if they've been with the company for a year. Otherwise, it's $14.

Now, it's possible that McDonald's and Visa meant this sample budget to reflect a two-person household. That would be a tad more realistic, after all. Unfortunately, the brochure doesn't give any indication that's the case. Nor does it change the fact that most of these expenses would apply to a single person.

Of course, minimum wage workers aren't really entirely on their own, especially if they have children. There are programs like food stamps, Medicaid, and the earned income tax credit to help them along. But that's sort of the point. When large companies make profits by paying their workers unlivable wages, we end up subsidizing their bottom lines. </ARTICLE>
 

thoughtone

Rising Star
BGOL Investor
equals it's the fast food industry's problem?

Of course, minimum wage workers aren't really entirely on their own, especially if they have children. There are programs like food stamps, Medicaid, and the earned income tax credit to help them along. But that's sort of the point. When large companies make profits by paying their workers unlivable wages, we end up subsidizing their bottom lines. </ARTICLE>

Which is why the tax payer is subsidizing the capitalists?

Get your hands out of my pockets!
 

COINTELPRO

Transnational Member
Registered
I think the stagnation of the minimum wage could have a racial component. It used to be 80-90% white workers on minimum wage when it tracked inflation and productivity. Now that demographic has radically shifted down to 57% and rapidly declining.

The five percent of the workers on minimum wage might be also victimized by the 95 percent who can purchase fast food and other items cheaply. I don't think this is a business issue, since they can quickly raise prices, minimum wage is not a price control for business.

This one guy and his wife were living in their car with three kids. If I have to lose $50 in purchasing power so somebody can have a home, than so be it.


I don't believe in this magic fairy dust that the market will decide. It is really a decision by society in how you want to distribute resources.
 
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Greed

Star
Registered
I think the stagnation of the minimum wage could have a racial component. It used to be 80-90% white workers on minimum wage when it tracked inflation and productivity. Now that demographic has radically shifted down to 57% and rapidly declining.
I think the existence of a racial component is reasonable to point out as long as it isn't promoted as a causation of the stagnation.

There is a disconnect amongst the people who have the power to adjust the minimum wage level and people who would benefit from a positive change in minimum wage. I think that's a power dynamic, not a racial one.

Overall, there are multiple factors affecting how minimum wage tracks with the cost of living. The value of the dollar, the productivity of the sector in addition to the productivity of the worker, whether the minimum wage is above or below the level employers want to pay worker for that quality of work, and etc.

The five percent of the workers on minimum wage might be also victimized by the 95 percent who can purchase fast food and other items cheaply. I don't think this is a business issue, since they can quickly raise prices, minimum wage is not a price control for business.
Economic relationships are not definitional. You can't promote that changing the price after you change the cost will just bring your profits back in line. The formula is still as simple as revenue minus cost equals profit, but instead of being a structured movement you need to account for the probability something will happen since we are talking about a human's reaction to a price movement. A human's reaction to a change in cost.

None of these things are definitional. Look into Profit Maximization and Elasticity in the economic sense, not the financial sense. There is no guarantied one-to-one reaction when talking about economic dynamics.


This one guy and his wife were living in their car with three kids. If I have to lose $50 in purchasing power so somebody can have a home, than so be it.


I don't believe in this magic fairy dust that the market will decide. It is really a decision by society in how you want to distribute resources.
Society doesn't want. Individuals want. Society is a made up thing designed to dismiss the existence of individuals. Everyone who thinks like you should give their $50 by choice. Stop trying to use government to drag in everyone who disagrees with you.
 

Upgrade Dave

Rising Star
Registered
Once again, you don't have to subsidize wages.


We don't?

Explain.

You're a free market guy so also explain to me the free market principle on paying your employees poorly while profits and productivity are way up. You should be for paying people what they deserve based on worker productivity. That would be a free market approach.
Otherwise, you're actually a socialist because you want employers to pay as little as possible knowing the tax payers will subsidize the companies with Medicaid and food stamps.
 

Greed

Star
Registered
We don't?

Explain.

You're a free market guy so also explain to me the free market principle on paying your employees poorly while profits and productivity are way up.
Haven't we been over this before just recently? And just like the last time, how do you keep making these connections where I say stop with the subsidization of something and you take that to mean I want more of it.

Our disconnect, as usual, revolves around your blurred lines between the role of government and the role of business. Free-markets and socialism are political ideas that define the role government has in the economic transactions within its jurisdictions. A self-sustaining hippy commune isn't inconsistent with Capitalism as long as government isn't forcing anyone to live that way. Business activity isn't what makes a country free or not.

You should be for paying people what they deserve based on worker productivity. That would be a free market approach.
Otherwise, you're actually a socialist because you want employers to pay as little as possible knowing the tax payers will subsidize the companies with Medicaid and food stamps.
Strangely, I agree with your assessment on how things should be and the way they actually are. Our understanding diverges when it comes to identifying fault. I blame government influences on the labor market and you blame businesses.

The government has the monopoly on the use of force to make laws and regulation, the government controls the interest rates which determines the value of investments and wealth, and the government controls the value of the dollar which makes up the purchasing power of our income. We wont even get into the controlling of our knowledge through the education system.

Businesses are just reacting to bad and intrusive government policies. So yes, a free market approach would work. Why don't we have it?
 

Greed

Star
Registered
Because it's a myth!
thoughtone represents the real proof. No one wants a free market. People would rather have a system of perpetual bailouts. They want a society where competition revolves around the title of Biggest Beggar, as long as politicians spend airtime denouncing big business while the ACTUAL results leave only big business better off.

According to the thoughtones of the world being free in politics and economics is a myth.

Thanks thoughtone.
 

QueEx

Rising Star
Super Moderator
While I think your statement that "people would rather have a system of perpetual bailouts" is overbroad and not based in fact -- I believe its irrefutable that a pure free market cannot exist, large scale. Its inherent Greed, without controls, would simply turn society into dog-eat-dog, survival of the strongest. But, looking around . . .
 

Greed

Star
Registered
While I think your statement that "people would rather have a system of perpetual bailouts" is overbroad and not based in fact -- I believe its irrefutable that a pure free market cannot exist, large scale. Its inherent Greed, without controls, would simply turn society into dog-eat-dog, survival of the strongest. But, looking around . . .
WIthout controls? People would be FREE from the initiation of force being an influence on their decision-making, regarding what is best for them, while only using their best judgment when dealing with other humans.

Human freedom has never existed on this planet, but humans, at varying times, have had their degrees of freedom fluctuate. Without fail, moving towards freedom has led to a clear benefit for everyone involved. INCLUDING the people who wanted to deny freedom.

You cite some out of control and disorderly world, and I would cite a just government that would exist solely to protect people's rights as they interacted with one another. If you can't use force (explicit or implicit) when dealing with people, what kind of strength would dominate in a survival of the strongest? If you had to rely on other people's opinion of you, why do think people would sink to dog-eat-dog when that virtually guarantees no second dealings. Let alone, the government would be there to protect against fraud and extortion.

Of course, since governments are just a reflection of the governed, it wouldn't work if we were magically free tomorrow because thoughtone's values still permeates the government. You think "people would rather have a system of perpetual bailouts" is overly broad? People still think it was a good thing because it saved us from a "death spiral." No accountability has been extracted or demanded from politicians or the financial industry, and no outrage manifested itself when Too Big to Fail shifted from an implicit guarantee to an explicit one through Dodd-Frank. AIG was re-designated a systemic risk after it paid back the government.

They people have spoken, and anything different from the status quo is a myth with no truth behind it.
 

thoughtone

Rising Star
BGOL Investor
thoughtone represents the real proof. No one wants a free market. People would rather have a system of perpetual bailouts. They want a society where competition revolves around the title of Biggest Beggar, as long as politicians spend airtime denouncing big business while the ACTUAL results leave only big business better off.

According to the thoughtones of the world being free in politics and economics is a myth.

Thanks thoughtone.

No one wants free markets because they are figment of the right wings imagination.

They don't exist, they never have existed.

They can't be proven. (This is in line with the right's rejection of science.)

They are a talking point to avoid reality.

Your welcome!
 

thoughtone

Rising Star
BGOL Investor
WIthout controls? People would be FREE from the initiation of force being an influence on their decision-making, regarding what is best for them, while only using their best judgment when dealing with other humans.

Human freedom has never existed on this planet, but humans, at varying times, have had their degrees of freedom fluctuate. Without fail, moving towards freedom has led to a clear benefit for everyone involved. INCLUDING the people who wanted to deny freedom.

You cite some out of control and disorderly world, and I would cite a just government that would exist solely to protect people's rights as they interacted with one another. If you can't use force (explicit or implicit) when dealing with people, what kind of strength would dominate in a survival of the strongest? If you had to rely on other people's opinion of you, why do think people would sink to dog-eat-dog when that virtually guarantees no second dealings. Let alone, the government would be there to protect against fraud and extortion.

Of course, since governments are just a reflection of the governed, it wouldn't work if we were magically free tomorrow because thoughtone's values still permeates the government. You think "people would rather have a system of perpetual bailouts" is overly broad? People still think it was a good thing because it saved us from a "death spiral." No accountability has been extracted or demanded from politicians or the financial industry, and no outrage manifested itself when Too Big to Fail shifted from an implicit guarantee to an explicit one through Dodd-Frank. AIG was re-designated a systemic risk after it paid back the government.

They people have spoken, and anything different from the status quo is a myth with no truth behind it.

Human freedom has never existed on this planet...

But we need free markets.

RandHat.jpg
 

thoughtone

Rising Star
BGOL Investor
Hourly wages fell 3.8 percent in the first quarter, the biggest drop since the BLS began tracking compensation in 1947. Productivity rose half a percentage point. The result was that what economists call “labor unit costs” fell 4.3 percent.



"In 2003, there were 56,100 families worth $50 million or more controlling, in the aggregate, $11.8 trillion," David Friedman, president of Wealth-X, told Forbes. "Today there are 107,100 families worth $50 million or more. That's an increase of 6.7 percent annually. These families control $22.9 trillion, which is an increase of 6.9 percent annually."



It's all going according to your plan Greed.
 

QueEx

Rising Star
Super Moderator
WIthout controls? People would be FREE from the initiation of force being an influence on their decision-making, regarding what is best for them, while only using their best judgment when dealing with other humans.

You're right, just like they were free at the start of the industrial revolution. Free to be used and abused by those with unfettered power and discretion to use and abuse them in the name of the free market.

It simply cannot be credibly disputed that it took regulation to bring that monster under control and it takes regulation to this day to maintain that control -- and for one simple reason: man in the state of nature will pursue his objectives, on most occasions, without regard to the rights, needs, safety, etc., of others. Preservation of self interest, as each sees or defines it, being the prime law.


Human freedom has never existed on this planet, but humans, at varying times, have had their degrees of freedom fluctuate. Without fail, moving towards freedom has led to a clear benefit for everyone involved. INCLUDING the people who wanted to deny freedom.

I'm ALL for Freedom. But what is freedom if the very notion of it is not be protected? - it would not exist. Enter the social contract, real or imagined, which dictates that some freedom has to be surrendered in order for the masses to exercise and enjoy freedom, hence, the reason your unfettered pure free market theory stands in antithesis of ordered freedom.



You cite some out of control and disorderly world,

But only as the unruly and unwelcomed alternative.


You cite some out of control and disorderly world and I would cite a just government that would exist solely to protect people's rights as they interacted with one another. If you can't use force (explicit or implicit) when dealing with people, what kind of strength would dominate in a survival of the strongest?

Unless I totally misread this, what you're arguing is ordered society with reasonable rules regulations -- the very thing which says your "pure free market" cannot exist :hmm: i.e., "a just government that would exist solely to protect people's rights as they interacted with one another" -- which is testament to the impossibility of your unfettered free market -- because without reins, it does and will not operate in the best interest, of all.


If you had to rely on other people's opinion of you . . .

I don't under stand this . . .


. . . why do think people would sink to dog-eat-dog when that virtually guarantees no second dealings. Let alone, the government would be there to protect against fraud and extortion.

People result to dog-eat because of the First Law of Nature; Self Preservation. The suppression of that law enables ordered society, hence, the rise of government to protect. (You're making my points here).


Of course, since governments are just a reflection of the governed, it wouldn't work if we were magically free tomorrow because thoughtone's values still permeates the government.

You were doing pretty good (supporting my theories though) until you decided to turn it personal. But lets see . . .

Is government merely a reflection of the governed??? This is a theme you constantly attempt to advance -- where it appears you exclude yourself from those whom government reflect. Perhaps I am wrong, but you often say "your side won" or "you got what you wanted" -- wherein you appear to exempt yourself from those in whose image government reflects.

If government is just a reflection of the people - doesn't that mean you, too? Doesn't that mean T.O., me, Lamar (where is he anyway?), etc. ??? In other words, if government is such a reflection, as you say, it is an amalgam of us all - and all of our values permeate the governemnt, no?
 

Greed

Star
Registered
This is like a 2003 Politics Board post

You're right, just like they were free at the start of the industrial revolution. Free to be used and abused by those with unfettered power and discretion to use and abuse them in the name of the free market.

It simply cannot be credibly disputed that it took regulation to bring that monster under control and it takes regulation to this day to maintain that control -- and for one simple reason: man in the state of nature will pursue his objectives, on most occasions, without regard to the rights, needs, safety, etc., of others. Preservation of self interest, as each sees or defines it, being the prime law.
I don't know why I have to state the obvious, but we both know since no one has ever been free in human history, the people at the start of the Industrial Revolution were not free. There were a number of people who fit the description of having "unfettered power and discretion to use and abuse them in the name of the free market." Your job is the same as mine and that is to ask why? A non-governmental party can only be granted "unfettered power and discretion to use and abuse them in the name of the free market" by government's deferment of its duties to protect an individual's rights. That deferment is generally the result of a payoff. That mechanism is what empowers the government to claim more authority, i.e. regulations, in the name of the public good, and it also enables them to solicit more payoffs which is a dynamic that still exist today through lobbying and the regulatory revolving door. It was already illegal to beat and cheat workers. New regulations weren't needed to do the job government ignored in the first place.

My understanding of history is different from your understanding. My interpretation says it wasn't new regulations that got the employers under control. It was workers forming their own gangs (unions) to counter the employer's force with their own force. It wasn't uncommon for labor disputes to turn into bloodbaths because the government had failed to protect individual rights early on.

one simple reason: man in the state of nature will pursue his objectives, on most occasions, without regard to the rights, needs, safety, etc., of others. Preservation of self interest, as each sees or defines it, being the prime law.
I completely agree with this assessment of man's nature. I would add one thing explicitly that may only be implicit in that statement, man's pursuit is also insatiable, greed. That's why a system designed by and for human should not be in denial of it. A system where the initiation of force is completely and utterly illegal is the only system that lets man be man and protects his individual right to be his nature. That means government has to be subjected to this standard as well for man to be free.

I'm ALL for Freedom. But what is freedom if the very notion of it is not be protected? - it would not exist. Enter the social contract, real or imagined, which dictates that some freedom has to be surrendered in order for the masses to exercise and enjoy freedom, hence, the reason your unfettered pure free market theory stands in antithesis of ordered freedom.
I believe freedom is consistent with human nature. When I hear someone say "some freedom has to be surrendered in order for the masses to exercise and enjoy freedom," I hear humans needs to surrender their very nature to be human. The same way Truth is, Right is, and Justice is, I think Freedom is. Your idea of degrees of freedom like "ordered freedom" is unattractive. The social contract is something promoted by people in authority to claim moral authority as they exercise power to the detriment of individuals. The greater good has a track record and it's terrible.

Unless I totally misread this, what you're arguing is ordered society with reasonable rules regulations -- the very thing which says your "pure free market" cannot exist :hmm: i.e., "a just government that would exist solely to protect people's rights as they interacted with one another" -- which is testament to the impossibility of your unfettered free market -- because without reins, it does and will not operate in the best interest, of all.
You're obviously lumping my post about the subject with someone else's. My post have always cited a government that was extremely strong. "A just government that would exist solely to protect people's rights as they interacted with one another" is not a new phrase or idea for me, and its specific. You also have it wrong regarding who would wear the reins. The government as well as individuals would be subject to a system where the initiation of force is outlawed. The point of which is not to operate in the best interest of all. That would be the result. The point would be to protect individual rights.

People result to dog-eat because of the First Law of Nature; Self Preservation. The suppression of that law enables ordered society, hence, the rise of government to protect. (You're making my points here).
By describing dog-eat-dog as equal to self-preservation, you are only projecting your own sensibilities onto everyone else. Self-Preservation is valid, but dog-eat-dog is not man's natural realization of that goal. To be better off in a world where the initiation of force is outlawed, man cannot live a parasitic existence with his fellow man. The reason for that is man cannot do everything for himself. The laws of comparative advantage and division of labor lends itself to mutually beneficial interactions (economics). Like I said, for the deviants, government will be there for instances of fraud and extortion. For the cases that fall short of criminal liability, people can abandon a relationship they feel isn't beneficial because there is no force mandating the association. Civil cases can also be pursued for honest disagreements among men when it comes to damages and contract law.

You'll say last part isn't free market, but it is as long as the laws regarding all this is consistent with man's nature, individual rights, and disregards the idea of sacrificing for the greater good.

You were doing pretty good (supporting my theories though) until you decided to turn it personal. But lets see . . .

Is government merely a reflection of the governed??? This is a theme you constantly attempt to advance -- where it appears you exclude yourself from those whom government reflect. Perhaps I am wrong, but you often say "your side won" or "you got what you wanted" -- wherein you appear to exempt yourself from those in whose image government reflects.

If government is just a reflection of the people - doesn't that mean you, too? Doesn't that mean T.O., me, Lamar (where is he anyway?), etc. ??? In other words, if government is such a reflection, as you say, it is an amalgam of us all - and all of our values permeate the governemnt, no?
No.

The government reflects those people who has given it their moral sanction. I haven't been included in that group since the TARP bailout. I made the mistake of agreeing with the philosophy of the greater good until I saw it's application in an extreme circumstance, the last recession.

Right now I would describe my relationship with this country as one where I just try to avoid your guns. I avoid penalties like fines and incarceration, whether or not they are consistent with morality. Nothing more, nothing less.

The difference between my opposition and the opposition of a person that sanctions this system is like the difference between me and the Occupy movement. Occupy railed against the bank bailout by demanding a student loan bailout. They weren't against the use of the bat, they just wanted the bat to be turned on someone else. That's where Lamarr, thoughtone, you, and the rest stand when you vote between Democrats and Republicans. Who's version of the greater good prevails is what you're fighting for. Both parties supported giving rich bankers $23 trillion dollars worth of programs in the name of saving all of us, which is consistent with both parties philosophy. People shouldn't have to play the electoral odds on whether or not they are raped or the rapist. That's why I promote a system that views legality and morality as one.

The initiation of force should be illegal and, to the heart of our disagreement, it should be illegal for the government as well. That's why you can think we are saying the same thing, but I extend the logic to bailouts and the minimum wage because government should not be exempt from a moral principle.
 

Greed

Star
Registered
No one wants free markets because they are figment of the right wings imagination.

They don't exist, they never have existed.

They can't be proven. (This is in line with the right's rejection of science.)

They are a talking point to avoid reality.

Your welcome!
But for some odd reason, Socialism seems to be valid as fuck.

But we need free markets.
Because human deserve to be free.

It's all going according to your plan Greed.
Let's play the "WHY" game.

There are two ways to look at the first quote.

First is total wages paid by employers fell 3.8%. That means workers took a pay cut (not likely), there are less workers (involuntarily) which is inconsistent with a falling unemployment rate, or there are less people working (voluntarily leaving the labor force) which is consistent with the unemployment rate falling but doesn't answer whether they are leaving the labor force due to discouragement.

Second way to look at the first quote is per hour wages fell 3.8%. That means workers took a pay cut (not likely), there are fewer middle and upper class workers (involuntarily) which is inconsistent with a falling unemployment rate, or new hires are getting paid less which is consistent with the unemployment rate falling but doesn't answer whether or not those jobs are part time and a reaction to external forces.

The second quote has an obvious reason. $80 billion dollars a month going from the Fed to the bond and stock market to prop up asset prices for the last five years.

Of course don't forget the $23 trillion in bailouts going to the financial sector to save us all.
These families control $22.9 trillion, which is an increase of 6.9 percent annually."
Isn't that a hilarious quote? Tell me again who's plan it is?
 

QueEx

Rising Star
Super Moderator

Greed,


<font face="Helvetica, verdana" size="3" color="#000000">The Birch goal: “Taking Back the Country” meshed perfectly with my parents’ ideas. Dad would serve on the John Birch Society (JBS) National Council for 32 years.

While anti-Communism was the first banner the Birchers waved, it was dismantling federal programs and slashing 75% of the federal budget that became their centerplank. As my Dad often complained, “Socialism is taking over the joint.”

For my parents and their John Birch Society allies, socialism was every government program not specifically mentioned in the Constitution. The only cure for the socialist plague was to purge them all, as quickly as possible.

Mother and Dad gleefully anticipated the end of Social Security, the demise of all welfare programs and the elimination of federal funding for anything. They insisted that regulation was such a threat to business that it all had to be done away with. Nothing could stand in the way of unrestrained free enterprise and profit.

The resulting utopia, according to my parents, would free business and individuals to do anything while dismantling labor unions, ending the safety net, cutting corporate taxes, and slashing taxes on the wealthy.
</font>

sound familiar ? ? ?


 

QueEx

Rising Star
Super Moderator

Greed,


<font face="Helvetica, verdana" size="3" color="#000000">The Birch goal: “Taking Back the Country” meshed perfectly with my parents’ ideas. Dad would serve on the John Birch Society (JBS) National Council for 32 years.

While anti-Communism was the first banner the Birchers waved, it was dismantling federal programs and slashing 75% of the federal budget that became their centerplank. As my Dad often complained, “Socialism is taking over the joint.”

For my parents and their John Birch Society allies, socialism was every government program not specifically mentioned in the Constitution. The only cure for the socialist plague was to purge them all, as quickly as possible.

Mother and Dad gleefully anticipated the end of Social Security, the demise of all welfare programs and the elimination of federal funding for anything. They insisted that regulation was such a threat to business that it all had to be done away with. Nothing could stand in the way of unrestrained free enterprise and profit.

The resulting utopia, according to my parents, would free business and individuals to do anything while dismantling labor unions, ending the safety net, cutting corporate taxes, and slashing taxes on the wealthy.
</font>

sound familiar ? ? ?


 

QueEx

Rising Star
Super Moderator
A Dream Deferred:
The Minimum Wage Was Higher in 1963
Than It Is Today​





[In 1963] the minimum wage, when adjusted for inflation, was $8.37, a dollar and 12 cents higher than today's rate of $7.25

Sylvia A. Allegretto and Steven C. Pitts lay out the math in a paper for the Economic Policy Institute. At its highest point (in inflation-adjusted dollars) the minimum wage was $9.44 in 1968. It's 23 percent lower now. And despite those who claim that a higher minimum wage leads to greater unemployment, the official unemployment figure in August of that year was 3.5 percent, less than half the current rate of 7.4 percent.

Productivity has risen - but working people have seen none of the resulting wealth. As Lawrence Mishel and Heidi Shierholz, also of the Economic Policy Institute, note: "During the Great Recession and its aftermath (i.e., between 2007 and 2012), wages fell for the entire bottom 70 percent of the wage distribution, despite productivity growth of 7.7 percent."

In fact, as Dean Baker and Will Kimball point out, "If the minimum wage had kept pace with productivity growth it would be $16.54 in 2012 dollars" - and that's using a conservative estimate of that growth.

Instead all of the resulting wealth has flowed to the wealthiest 1 percent in this country. That's no accident. It's the result of decisions made in corporate boardrooms, in the corridors of power, and in those corrupted places where those two settings merge into one.

Dr. King said these words to a group of strikers in Memphis, just three short weeks before his death:

"Now our struggle is for genuine equality, which means economic equality. For we know now that it isn't enough to integrate lunch counters. What does it profit a man to be able to eat at an integrated lunch counter if he doesn't have enough money to buy a hamburger?"

According to the Bureau of Labor Statistics, more than 10 million Americans qualify as the "working poor." That means they spent at least half the year in the labor force yet still live below the poverty line. That includes 4 percent of all full-time workers. Black and brown Americans were more than twice as likely as white Americans to be among the working poor.

More than seven million children live in homes whose income would increase if we raised the minimum wage.



SOURCE


 

QueEx

Rising Star
Super Moderator

Gov. Brown signs bill to raise minimum wage
to $10 an hour by 2016



Gov. Jerry Brown signed into law a bill that will raise
California's minimum wage to $10 an hour by 2016, a move
celebrated by workers but criticized by many businesses.

The wage hike will go into effect in two phases: The current
minimum of $8 an hour will be lifted to $9 on July 1, 2014,
and then to $10 on Jan. 1, 2016.


FULL STORY


 
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