--- Want any of my Constitutional rights?, ΜΟΛΩΝ ΛΑΒΕ
I come from a time and a place where I judge people by the content of their character; I don't give a damn if you are tall or short; gay or straight; Jew or Gentile; White, Black, Brown or Green; Conservative or Liberal. -- Note to mods: if you are going to infract me have the decency to post the reason, and expect to hold everyone else to the same standard.
The Federal minimum wage started off being around $5 in 2012 dollars. After that point it was outpacing inflation until it couldn't keep up anymore in the mid 70s. From that point forward the 10%-12% annual inflation that the minimum wage was causing was too much to justify accelerating its rise further.
You're being ridiculously obtuse and I'm almost through talking to you because of it.
If you can't see how the minimum wage was outpacing inflation and causing MORE inflation because of it then I really don't have anything more to say.
Here's the historical inflation rates of the United States
Please pay very close attention to years following the introduction of the minimum wage, years it was increased significantly, and especially the mid 70s to early 80s.
Then look at what happened to inflation when we stopped practically doubling the minimum wage every 10 years.
Can you please try your hardest to engage in a discussion that isn't just a Gish Gallop of talk radio reruns?
Boeing's Defense Division is laying off people for the same reason every other arms manufacturer is cutting costs right now. Less spending on defense. I know you wanted government to cut spending. This is the result. When you cut government spending you're going to see people lose jobs in the private sector.
My point is that if you want to help poor people, I'm all ears, but 74 years of minimum wage increases have done NOTHING for poor people in the long term aside from cause ridiculous rises in inflation rates.
Why can't we just call it a failed experiment and move on to solutions that might actually work? Like the Negative Income Tax!
What, you missed the Chicago teachers strike where they used their students as props?
You missed the demonstrations in AZ and CA where the teachers took their students to the protests? Seriously? you missed that?
with the amount of money the US spends on student education they should be first in everything... but they are only first in spending and teacher strikes.
So you are damn right I blame the teachers and those pulling their strings.
--- Want any of my Constitutional rights?, ΜΟΛΩΝ ΛΑΒΕ
I come from a time and a place where I judge people by the content of their character; I don't give a damn if you are tall or short; gay or straight; Jew or Gentile; White, Black, Brown or Green; Conservative or Liberal. -- Note to mods: if you are going to infract me have the decency to post the reason, and expect to hold everyone else to the same standard.
Am I oversimplifying? It sure doesn't feel like that.
I take a monetarist approach to inflation because that makes the most sense to me. Price-fixing has a pretty poor history of working.
I think after 74 years of the Minimum Wage, the left owes us a status report on how it's actually faring at increasing the standard of living for the poor, don't you?
---------- Post added 2012-11-17 at 06:21 AM ----------
Inflation is currently low. Look at what happened historically, though.
The correlation is awfully strong between the minimum wage introduction/increases and high inflation.
Sure you are. There are lots of factors for inflation. There are lots of factors for purchasing power. Lots of factors for poverty etc etc etc. If you want to say the minimum wage has failed because its a bad policy you need to account for all the factors involved in povery and inflation.Am I oversimplifying? It sure doesn't feel like that.
http://www.komonews.com/news/local/108966979.html
EVERETT, Wash. (AP) - Boeing Co. is hiring machinists as it starts ramping up production.
The Daily Herald of Everett reports that Boeing has added nearly 1,000 production workers in the past eight weeks, including about 190 it plans to hire Friday.
The Machinists union says that would be the highest number of new machinists hired by Boeing in a single week since 2005.
After slowing some production lines because of the recession, Boeing says it will speed up its 737, 777 and 747 programs next year.
Ignore Laize; we went at it about a week ago. He literally cannot conceive that these things have multiple effects.
American teachers are notoriously overworked and underpaid compared to teachers in more successful systems.with the amount of money the US spends on student education they should be first in everything... but they are only first in spending and teacher strikes.
Last edited by Zhangfei; 2012-11-17 at 06:35 AM.
In fact as far as I'm aware the UK is the only european nation that outright bans guns for civilians.This is why people ban guns. Gun supporters don't know what guns are.Shotguns I'll give you (provided you're allowed 12 and larger gauges... because I mean... come on...) but not .22s.