Hey, politicians! Want to create jobs!

[Sibirsky]

Im totally opposed to lowering the minimum wage...i think we should raise the minimum wage and at the same time lower buisness taxes...we also need an actual public investment in our communities (not the phony stimulus or bailouts). Lowering the minimum wage will only hurt the working class. Lowering taxes for businesses, breaking up monopolies, increasing labor and enviornmental regulations, and creating a stable co-operative (not private, not public) sector will all help the economy in the long run. I know you usually dont hear a progressive like myself wanting to lower business taxes, but as long as business profits go to workers and to creating better services, I see no problem with it. Raising the minimum wage has also been shown to make employment more attractive and has actually raised employment in many states. China is getting ready for its housing market to collapse anyway...i dont think massive economic growth (like China has experienced) is as important as stable and progressive growth that puts the well being and profits of the average citizen and average business before the profits of the wealthy.

I employ a person at the minimum wage. I pay him $7.25/hr (the minimum wage). The maximum I am willing to pay him is $7.50/hr but he did not negotiate that wage. You raise the minimum wage to $7.80/hr. I lay him off.

Raising the minimum wage hurts the working class.

[Wienholdland]

How do you ship a job?

You outsource it.

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

I know what outsourcing is. I disagree with the term "shipping jobs".

[Sibirsky]

"More than 75 per cent of the country's middle class remain in the $2 to $4 daily consumption bracket, the lower end of the range of $2 to $20, leaving them at risk of falling back into poverty in the event of a major economic shock," the bank said.

Bet u liked to skip over that part...china's "middle class" still has very few rights and most of them live on the edge of poverty...still more evidence that neoliberalism fails or works only for a short time....

The cost of living is very low there. They're talking nominal figures. You're also ignoring the fact that it's a significant improvement.

[Rainbows and Rivers]

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.

They might if they kept moving.

Obviously the example is a little extreme, but my point is, most government regulation exists for the purpose of making sure that businesses don't do things they shouldn't be doing anyway.

[Blungdenstone]

I employ a person at the minimum wage. I pay him $7.25/hr (the minimum wage). The maximum I am willing to pay him is $7.50/hr but he did not negotiate that wage. You raise the minimum wage to $7.80/hr. I lay him off.

Raising the minimum wage hurts the working class.

If you know that a drop in business taxes will occur at the same time as the rise in minimum wage (one of your costs goes up, another goes down), are you still going to lay him off?

[Brandenburg-Altmark]

"More than 75 per cent of the country's middle class remain in the $2 to $4 daily consumption bracket, the lower end of the range of $2 to $20, leaving them at risk of falling back into poverty in the event of a major economic shock," the bank said.

Bet u liked to skip over that part...china's "middle class" still has very few rights and most of them live on the edge of poverty...still more evidence that neoliberalism fails or works only for a short time....

The cost of living is very low there. They're talking nominal figures. You're also ignoring the fact that it's a significant improvement.

The main issue is with the Chinese Government outlawing labor unions, since they view it as a form of democracy and that's not something any of them would like to let loose. If the workers were allowed to strike their conditions would improve and fewer unscrupulous corporations would find it quite profitable enough to move their.

[The Left-Libertarian Hippies]

Ok...first of all...if i lower your taxes, invest in your company, help you through a series of work-sharing, employment-training programs...i think u will definately have enough resources to cope with raising your workers wages by a meager few cents...

[Sibirsky]

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

How was it paid for? Taxes and/or borrowing? Taxes that came from the private sector, borrowing that came from the private sector directly, or taxes in the future. How many jobs did it cost to create those jobs? We don't know. Considering the waste that comes with any government projects, there were job losses.

[Sibirsky]

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

Why would anyone be offended?

[Neu California]

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

How was it paid for? Taxes and/or borrowing? Taxes that came from the private sector, borrowing that came from the private sector directly, or taxes in the future. How many jobs did it cost to create those jobs? We don't know. Considering the waste that comes with any government projects, there were job losses.

Citation on the bolded, please

[Wienholdland]

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

They might if they kept moving.

Obviously the example is a little extreme, but my point is, most government regulation exists for the purpose of making sure that businesses don't do things they shouldn't be doing anyway.

There is no incentive for them to do things they shouldn't be doing, in a free market.

[Brandenburg-Altmark]

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

How was it paid for? Taxes and/or borrowing? Taxes that came from the private sector, borrowing that came from the private sector directly, or taxes in the future. How many jobs did it cost to create those jobs? We don't know. Considering the waste that comes with any government projects, there were job losses.

Unless, thanks to a market shock, the people the taxes came from were worried about spending their money and were not planning to expand anyway. Investor confidence was extremely low throughout the depression, and most of the money that was still around was going into land speculation anyway(which is probably the single most widespread method of completely taking money out of the economy.) If the money was going to be held on to for a rainy day, the government did use it better by creating jobs and driving demand.

[The Left-Libertarian Hippies]

because donald trump is nuts...and the cost of living in china is actually becoming much higher...look at hong kong...high home prices...free markets..and inequality through the roof...

[Sibirsky]

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.

Certainly. But they need to adjust and move on. Of course now is a really shitty time for it.

In 1900 we had 20 million farmers feeding a nation of 76 million people. Today we have less than 1 million farmers feeding a nation of 310 million people and even exporting. 19 million farming jobs lost. Bad news? Far from it. It's great news. We have become more productive and the 19 million farmers went on to something else, increasing our productive capacity. Manufacturing and maintaining farming equipment comes to mind.

[Sibirsky]

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?

No.

[Namabia]

I employ a person at the minimum wage. I pay him $7.25/hr (the minimum wage). The maximum I am willing to pay him is $7.50/hr but he did not negotiate that wage. You raise the minimum wage to $7.80/hr. I lay him off.

Raising the minimum wage hurts the working class.

If you know that a drop in business taxes will occur at the same time as the rise in minimum wage (one of your costs goes up, another goes down), are you still going to lay him off?

Law of Supply and Demand. Minimum wage goes up, so do prices to compensate for the loss. This ripples into other categories of business. Business taxes have nothing to do with it, because if you have 4 minimum wage workers, it overlays tax.

[Sibirsky]

I employ a person at the minimum wage. I pay him $7.25/hr (the minimum wage). The maximum I am willing to pay him is $7.50/hr but he did not negotiate that wage. You raise the minimum wage to $7.80/hr. I lay him off.

Raising the minimum wage hurts the working class.

If you know that a drop in business taxes will occur at the same time as the rise in minimum wage (one of your costs goes up, another goes down), are you still going to lay him off?

Yes. Taxes are paid on net profits.

[Sibirsky]

The cost of living is very low there. They're talking nominal figures. You're also ignoring the fact that it's a significant improvement.

The main issue is with the Chinese Government outlawing labor unions, since they view it as a form of democracy and that's not something any of them would like to let loose. If the workers were allowed to strike their conditions would improve and fewer unscrupulous corporations would find it quite profitable enough to move their.

That's an authoritarian government that more concerned with the unemployment rate and inflation than anything else. In effect, what China has been doing for nearly 4 decades, is subsidizing the export sector, at the cost to everyone else.

[Sibirsky]

Ok...first of all...if i lower your taxes, invest in your company, help you through a series of work-sharing, employment-training programs...i think u will definately have enough resources to cope with raising your workers wages by a meager few cents...

If their productivity does not improve, no.

[Rainbows and Rivers]

They might if they kept moving.

Obviously the example is a little extreme, but my point is, most government regulation exists for the purpose of making sure that businesses don't do things they shouldn't be doing anyway.

There is no incentive for them to do things they shouldn't be doing, in a free market.

Most regulations were passed to stop already-existing practices, so clearly they were doing those things anyway.

[Sibirsky]

How was it paid for? Taxes and/or borrowing? Taxes that came from the private sector, borrowing that came from the private sector directly, or taxes in the future. How many jobs did it cost to create those jobs? We don't know. Considering the waste that comes with any government projects, there were job losses.

Citation on the bolded, please

Are you fucking serious? Government spends other people's money, on other people. A $50 million project might create 100 jobs. Maybe even less. Middles class, somewhat high income jobs. It's extremely wasteful because it has no profit motive.

[The Left-Libertarian Hippies]

No...they used to have total control of the export sector...subsidizing is much different (still wrong).

[Sibirsky]

because donald trump is nuts...and the cost of living in china is actually becoming much higher...look at hong kong...high home prices...free markets..and inequality through the roof...

Donald Trump is driving inflation higher in China?

[Sibirsky]

No...they used to have total control of the export sector...subsidizing is much different (still wrong).

What?

The Chinese government keeps the value of the Yuan artificially low. The low value of the Yuan keeps Chinese exports low in cost. This increases the demand for Chinese exports. However, the Chinese people have lower purchasing power as they otherwise would have, because the Yuan they use is of lower value. In effect, everyone subsidizes the export sector at the expense of their own standard of living.

Not rocket science.

[The Left-Libertarian Hippies]

No...i was answering 2 of your posts...where does it say that trump is driving prices higher?...i think ur being a little sarcastic...