Hey, politicians! Want to create jobs!

[The Left-Libertarian Hippies]

China has opened itself to what you call "free markets" and what i would call a casino...i wonder if you've ever read about how severe corporations like Wal-Mart exploit chinese workers...or how strict and bureaucratic the educational system is in China... china may be developing, but soon its going to bust....thats the dangers of unregulated capitalism...its just as dangerous as state-socialism...

[Rainbows and Rivers]

So we should destroy ours to match Chinese pay?

Before he answers, I think we should force the Chinese to import goods at reasonable prices.

You realize that you will be the one paying higher prices, right? And also that the losses to consumers will outweigh the benefit to producers?

[Sibirsky]

No they don't. Being employed by the gov't is tantamount to being unemployed.

Sorry but your argument would have credibility if the need for governments would end.

They have functions like a company and create jobs to work those functions.

They also create jobs in other sectors. Aero-defense. The space program. The science foundation........

Suggesting it's the same as being unemployed well that's only worth a

Bullshit. They do not have a profit motive and private corporations do not have the coercive power of taxation.

This is not rocket science. To create a job in any sector, the government must tax, or borrow and tax in the future, thereby destroying jobs. With all the waste that goes with it, there is net job loss.

[Brandenburg-Altmark]

It has to destroy jobs to create them. It creates no net jobs. In fact it causes job losses.

I guess the Tennessee Valley Authority is just a statist fairy tale then

No! All that did was prolong whatever was going on there! That's ALL IT DID!!!!!!! HOOVER HAD THE ECONOMY ON IT'S FEET BY THE TIME FDR TOOK OFFICE AND STUFF!

[Orsalia]

How about floating their currency?

Though I do love me a good out of the box thinking.

America could just nuke China... because quite clearly, if they're stealing American jobs, then if you kill them all, America will have jobs YAY!
Some people just don't get it.

Nuking China would actually cripple the US economy. China is one of the largest consumers of US goods. Also, the grand irony is that they technically give us the money to buy their own goods, leaving them with an IOU note that it currently seems the US is unlikely to ever pay off. I'd go more in-depth, but I'm honestly too tired at the moment to be bothered.

Also, if your comment was sarcastic, as I am starting to believe and very much hope, my reply is pointless and I apologize.

[Sibirsky]

How so?

It's a matter of logical. Right now the vast majority of Americans earn far above the minimum wage. If that is understood then it must hold true that lowering the minimum wage for those people would not effect them at all. If you are working for a bank for $18/h then minimum wage being lowered from (a hypothetical) $7/h wouldn't lower your wage in kind. You've already signed a contract to work for $18/h and if we understand the relationship between an employer and employee as one were both sides seek maximum utility for minimum price, then we must conclude that the banker was hired because he was worth $18/h and that no one else applied who would provide comparable service and could be employed for less.

If that is true than the reduction of minimum wage will not have effect on the banker's wage. This process may repeated for anyone currently employed at above minimum wage. The only people who would be effected are the people currently kept out of the market by the minimum wage.

Apply this to another commodity other than labour and you'll see how this is the same, if Gold were to have a price floor of $7 that would not mean that lowering the price floor would lower the price of gold. The price of gold like the price of (skilled) labour is already well above the minimum and an elimination of the price floor will not have any effect in lowering it.

It doesn't directly lower your wage, but it lowers the wage for somebody else, which lowers the wage for people in similar industries earning a similar wage, which lowers wages for those around them, etc etc until all wages are lowered. You may have a contract for a particular wage, but that doesn't mean that somebody else can't come in who will work for less, and contracts aren't generally permanent anyway. The person worth $18 in your example may well be worth $18 given a set value for the currency, but when the value of that currency increases, that person may no longer be worth that wage.

It won't directly reduce wages in all industries, but the economy is totally interconnected. Lowering wages in one industry will eventually catch up to other industries.

Wages are too sticky for that to happen. That's why we have as high an unemployment rate as we do.

[The Left-Libertarian Hippies]

Nuking china...sounds like Donald Trump...no offense...

[Sibirsky]

congress being spineless sacks of shit with no integrity.

[Sibirsky]

I gave up on America long ago. Really who hasn't? The only thing I can see that is good are the personal freedoms you have.

It's why I have a back up plan to go to Europe, or Canada if necessary.

I fear for Europe in the near future. Hate being negative, but, it is what it is. I would keep Australia and South America in my back up plans.

[UCUMAY]

It's why I have a back up plan to go to Europe, or Canada if necessary.

I fear for Europe in the near future. Hate being negative, but, it is what it is. I would keep Australia and South America in my back up plans.

Australia maybe.

[Brandenburg-Altmark]

congress being spineless sacks of shit with no integrity.

You know me, I don't think they're really out to get anyone. What bothers me is how afraid they are to go against moneyed interests on just about any issue. You saw them debating over the PPACA, but that's because there were big money people on each side.

Give them an issue where it's every corporation vs the interests of the General Public and they'll hold press release after press release about how Americans need to understand that everything they have is 100% owed to wall street and nobody else and that to go against wall street would not be beneficial to anyone under any circumstances.

[Sibirsky]

By starting a company... If there weren't endless amounts of regulations and taxes it wouldn't be so hard. Then if people become dissatisfied with Disney, they are free to pick an alternative.

What regulations are stopping you from starting a company competing with Disney?

Depends on where I'm starting it. The cost of business licenses and fees, things of that nature, perhaps needing a personal license.

[The Left-Libertarian Hippies]

Im not that paranoid...to have...backup plans...even though things dont look so hot (economically and politically).

[Sibirsky]

KEEP THE JOBS HERE

We don't want the jobs we're losing.

[UCUMAY]

Im not that paranoid...to have...backup plans...even though things dont look so hot (economically and politically).

I have back up plans for my back up plans. Yes, I'm paranoid but I hope I never have to use them.

[Brandenburg-Altmark]

KEEP THE JOBS HERE

We don't want the jobs we're losing.

I think there are a few million people from Michigan whose jobs were shipped to Mexico and China(among others,) they'd probably like to have them back.

[Sibirsky]

It is going down.

I was listening to a parent with kids in a charter school and it was not heartening for all the talk of saving education by charters.......

His statement was flamey hyperbole.

[UCUMAY]

We don't want the jobs we're losing.

I think there are a few million people from Michigan whose jobs were shipped to Mexico and China(among others,) they'd probably like to have them back.

They will get them back at lower pay...

[Rainbows and Rivers]

What regulations are stopping you from starting a company competing with Disney?

Depends on where I'm starting it. The cost of business licenses and fees, things of that nature, perhaps needing a personal license.

Doesn't the government need those to find you if it turns out the "movies" you've been selling are blanks DVDs?

[Wienholdland]

We don't want the jobs we're losing.

I think there are a few million people from Michigan whose jobs were shipped to Mexico and China(among others,) they'd probably like to have them back.

How do you ship a job?

[Brandenburg-Altmark]

I think there are a few million people from Michigan whose jobs were shipped to Mexico and China(among others,) they'd probably like to have them back.

They will get them back at lower pay...

Roger Smith & al shipped the jobs to Mexico purely for additional profit. GM was posting record profits through the early 80s before they decided to shut down their factories and reopen them across the border. The funny part is they were rewarded for leaving hundreds of thousands of people homeless with more government contracts thanks to our great saviour Ronald Reagan.

[Brandenburg-Altmark]

I think there are a few million people from Michigan whose jobs were shipped to Mexico and China(among others,) they'd probably like to have them back.

How do you ship a job?

Shut down the factory and open a new one in Mexico with the same output capacity.

[UCUMAY]

I think there are a few million people from Michigan whose jobs were shipped to Mexico and China(among others,) they'd probably like to have them back.

How do you ship a job?

You outsource it.

http://en.wikipedia.org/wiki/Outsourcing

[Wienholdland]

Depends on where I'm starting it. The cost of business licenses and fees, things of that nature, perhaps needing a personal license.

Doesn't the government need those to find you if it turns out the "movies" you've been selling are blanks DVDs?

Anyone selling blank DVDs as movies isn't going to stay in business for very long.

[UCUMAY]

They will get them back at lower pay...

Roger Smith & al shipped the jobs to Mexico purely for additional profit. GM was posting record profits through the early 80s before they decided to shut down their factories and reopen them across the border. The funny part is they were rewarded for leaving hundreds of thousands of people homeless with more government contracts thanks to our great saviour Ronald Reagan.

I hate Reagan with a passion....