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  1. #301
    Quote Originally Posted by xsublymonalx View Post
    How ingenious. So the average price of goods can increase again?
    Do you not understand how an economy works?
    The relative purchasing power of the working poor would increase.

    It's not like your raising EVERYONE'S wage.

  2. #302
    Merely a Setback Rukentuts's Avatar
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    Quote Originally Posted by xsublymonalx View Post
    How ingenious. So the average price of goods can increase again?
    Do you not understand how an economy works?
    Yeah, we had this thread a couple weeks ago.
    Quote Originally Posted by GreatOak View Post
    Hey, as a transabled, transethnic, non-binary, genderqueer, neo-communist, indoor-capable republican otherkin I am offended by your callous display of ignorance.
    Quote Originally Posted by Cybran View Post
    Both of those links don't provide any evidence. They make unsubstantiated statements

  3. #303
    Quote Originally Posted by Daelak View Post
    What do you mean again? Food prices are set on the global marketplace. You increase the wages of your citizens so they have an edge on pricing, like Germany.
    Lol, no, they aren't. When you increase minimum wage, the price of goods also increases. Whether that be food, electronics, medicine, whatever. Companies will obviously be wanting to get more money because "you can pay more". However, people on salary(paid by the year) don't get raises when minimum wage increases, so they simply have to pay more for goods without getting an increase in salary. So they have less money to actually contribute to the economy. It's a simple domino effect.
    I am American mentally, with Japanese tendencies.

  4. #304
    Merely a Setback Rukentuts's Avatar
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    Quote Originally Posted by Purlina View Post
    The relative purchasing power of the working poor would increase.

    It's not like your raising EVERYONE'S wage.
    Not if they're unemployed (which more would be).

    http://www.marketplace.org/topics/we...wage-hurt-poor

    Unskilled labor gets paid exactly what they're worth.
    Quote Originally Posted by GreatOak View Post
    Hey, as a transabled, transethnic, non-binary, genderqueer, neo-communist, indoor-capable republican otherkin I am offended by your callous display of ignorance.
    Quote Originally Posted by Cybran View Post
    Both of those links don't provide any evidence. They make unsubstantiated statements

  5. #305
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    Quote Originally Posted by raintrees View Post
    well i mean its pretty much true. how are you going to vote against the man who sends you a nice fat welfare check every month?
    Compared with the person who'd rather see people out on the streets while the rich get richer, it is indeed a difficult proposition. I still find it amusing the sadface he put on when he realized he'd lost. It was the look as if someone had handed him a cancer-riddle puppy and then it had died in his arms ("TONIGHT! MUST HAVE BEEN SOME KIND OF CHEESE!") after 6 months. Or the look that you get after watching the sad scenes in Lion King, except with a hint of "I'm alone in my emotion and people are laughing at me".

    I guess in the end, getting welfare to those that need it while minimizing mooching is an ideal situation but obviously a very difficult one to get to.

    From an outsiders perspective, Romney seems to want to blame everything entirely on mooching.
    Failing economy? Damn moochers!
    Weak job market? Damn moochers!
    Lost the election? Damn moochers not voting for me!
    Dead cancer-riddled puppy and crying at the lion king? Damn moochers making me feel emotions!

    I mean yeah, i know that the US is in the crapper since the recession (who isn't?), but him blaming everything on moochers made me just facepalm because it really reminds me of an aggressive version of some UK politicians (who claim moochers are a problem, but where they don't seem to be doing anything about it).
    [...]

  6. #306
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    Quote Originally Posted by xsublymonalx View Post
    How ingenious. So the average price of goods can increase again?
    Do you not understand how an economy works?
    Except...... More spending power = increase of sales = product prices stay since more items are sold.
    Just a wild example..
    If you sell windows. You sell 100 windows a month. You ask 500 dollar per window, at the current situation.
    Now income goes up. People spending more. More people buy windows. All of a sudden you can sell 600 windows.
    You can keep your price at 500 because you sell more to make up for the higher wages you have to pay, and the more work that needs to be done, plus you have a slight profit left from the 100 windows. Overall everyone wins. Everyone has more money or goods.

  7. #307
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    Quote Originally Posted by xsublymonalx View Post
    Lol, no, they aren't. When you increase minimum wage, the price of goods also increases. Whether that be food, electronics, medicine, whatever. Companies will obviously be wanting to get more money because "you can pay more". However, people on salary(paid by the year) don't get raises when minimum wage increases, so they simply have to pay more for goods without getting an increase in salary. So they have less money to actually contribute to the economy. It's a simple domino effect.
    Oh so food ISN'T set on the global market? That's weird, I am going to have to see a source for that. Western European countries subsidize their workforce via welfare programs, strong union protections and specializations in order to keep ahead of global pricing, and to ensure that their main drivers of their economy, consumer products and housing, are kept free of disruption. See: living wage, German Union, retraining.

  8. #308
    Quote Originally Posted by Purlina View Post
    The relative purchasing power of the working poor would increase.

    It's not like your raising EVERYONE'S wage.
    Precisely. You're not raising everyone's wage. But because half of the population can pay more, why would companies not increase prices of goods to get more profit?
    I am American mentally, with Japanese tendencies.

  9. #309
    Quote Originally Posted by Rukentuts View Post
    Not if they're unemployed (which more would be).

    http://www.marketplace.org/topics/we...wage-hurt-poor

    Unskilled labor gets paid exactly what they're worth.
    Companies are always trying to find more ways to be more efficient anyway. It may accelerate the elimination of certain jobs, but that doesn't mean that those jobs wouldn't have been eliminated in due time...

  10. #310
    Merely a Setback Rukentuts's Avatar
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    Quote Originally Posted by xsublymonalx View Post
    Precisely. You're not raising everyone's wage. But because half of the population can pay more, why would companies not increase prices of goods to get more profit?
    Or get the same profit margin % they have before, especially in places like Wal-Mart or fast food.
    Quote Originally Posted by GreatOak View Post
    Hey, as a transabled, transethnic, non-binary, genderqueer, neo-communist, indoor-capable republican otherkin I am offended by your callous display of ignorance.
    Quote Originally Posted by Cybran View Post
    Both of those links don't provide any evidence. They make unsubstantiated statements

  11. #311
    Quote Originally Posted by Wildtree View Post
    Except...... More spending power = increase of sales = product prices stay since more items are sold.
    Just a wild example..
    If you sell windows. You sell 100 windows a month. You ask 500 dollar per window, at the current situation.
    Now income goes up. People spending more. More people buy windows. All of a sudden you can sell 600 windows.
    You can keep your price at 500 because you sell more to make up for the higher wages you have to pay, and the more work that needs to be done, plus you have a slight profit left from the 100 windows. Overall everyone wins. Everyone has more money or goods.
    Except that doesn't happen. If companies can increase cost and make more profit, then they're going to. Plain and simple. They do not care about how other people are doing, they only care about how much money they're making. And if they can make more, then they're going to.
    I am American mentally, with Japanese tendencies.

  12. #312
    Merely a Setback Rukentuts's Avatar
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    Quote Originally Posted by Purlina View Post
    Companies are always trying to find more ways to be more efficient anyway. It may accelerate the elimination of certain jobs, but that doesn't mean that those jobs wouldn't have been eliminated in due time...
    Unemployment is a much bigger contributor to poverty than minimum wage.
    Quote Originally Posted by GreatOak View Post
    Hey, as a transabled, transethnic, non-binary, genderqueer, neo-communist, indoor-capable republican otherkin I am offended by your callous display of ignorance.
    Quote Originally Posted by Cybran View Post
    Both of those links don't provide any evidence. They make unsubstantiated statements

  13. #313
    Quote Originally Posted by Rukentuts View Post
    Or get the same profit margin % they have before, especially in places like Wal-Mart or fast food.
    Yeah, but don't get me started on Wal-Mart. Some fucked up people controlling that place.
    I am American mentally, with Japanese tendencies.

  14. #314
    Quote Originally Posted by xsublymonalx View Post
    Precisely. You're not raising everyone's wage. But because half of the population can pay more, why would companies not increase prices of goods to get more profit?
    They would raise there prices somewhat, but the relative purchasing power of the poor would be somewhat higher. Look at the minimum wage back in the day, it used to be considered a living wage.

    If you make minimum wage now your part of the "working poor".

  15. #315
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    Quote Originally Posted by xsublymonalx View Post
    Precisely. You're not raising everyone's wage. But because half of the population can pay more, why would companies not increase prices of goods to get more profit?
    I explained it......
    And raising prices doesn't result in higher profits all the time. It can brutally backfire.
    Unless with certain markets where (illegal) price cartel is possible, most markets are so large that any business has to compete with a large number of other businesses. If you raise your prices and the others, or just a few others hold theirs, guess whose sales go up?

  16. #316
    Merely a Setback Rukentuts's Avatar
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    Quote Originally Posted by xsublymonalx View Post
    Yeah, but don't get me started on Wal-Mart. Some fucked up people controlling that place.
    You have to drool at their mastery of the supply-chain though.
    Quote Originally Posted by GreatOak View Post
    Hey, as a transabled, transethnic, non-binary, genderqueer, neo-communist, indoor-capable republican otherkin I am offended by your callous display of ignorance.
    Quote Originally Posted by Cybran View Post
    Both of those links don't provide any evidence. They make unsubstantiated statements

  17. #317
    Is this going to be one of those things where people argue about how they personally feel economies work against actual economic data? Sigh...

  18. #318
    Quote Originally Posted by Purlina View Post
    They would raise there prices somewhat, but the relative purchasing power of the poor would be somewhat higher. Look at the minimum wage back in the day, it used to be considered a living wage.

    If you make minimum wage now your part of the "working poor".
    No it won't. Not really. You can't live on your own on minimum wage in this economy or at this time. But you used to be able to.

    And even say you're right, that the "working poor" can buy slightly more things. That still doesn't change the fact that the price of goods increased and people on salary don't get raises and therefore have less money to spend.
    I am American mentally, with Japanese tendencies.

  19. #319
    Quote Originally Posted by Spectral View Post
    Is this going to be one of those things where people argue about how they personally feel economies work against actual economic data? Sigh...
    That's why I posted a song a page back. I feel it's more accurate than internet-warrior arguments.
    Quote Originally Posted by Gheld View Post
    If anybody is thinking of buying me a gift I would much rather they just donate that money to charity instead.
    chicken kiev

  20. #320
    i think one of the main reasons of us not wanting republicans as boss is the following:
    republicans helped to spread the financial crisis of 2008 by letting the big banks go bankrupt.

    US debts in its nowadays high values stem from republicans. Reagan was the first, and than came the two bushs. Clinton in between hat positive households. Obama is trying to clear the mess,, the republican heir, bush left to him, with bankrupt banks, destroyed economy, lowered taxes for the rich, and 2 simultanous invasions which also cost extremley much.

    No sane government would have had the lehman brothers go bankrupt ever, no matter how much shit they did.
    But, the goldman sachs guys, one of those was the responsible minister back than, told bush to let lehmann go bankrupt
    When goldman sachs was about to follow the lehmann bankrupt, the government decided to safe goldman. Is that a coincidence?

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