Michigan considers $10 minimum wage

[Freiheit Reich]

Haiti is in the west while Singapore is in the east. Haiti's minimum wage has not helped poverty. Singapore is doing far better than Haiti.

You want a western country with minimum wage: Haiti is a good starting point.

I've been to Singapore. You're right that no bums live there. Because only rich people live there. So a minimum wage would be absurd since everyone is making money overseas except for migrant workers.

There are poor people everywhere. The point was that the USA has a minimum but a bigger homeless problem, a higher unemployment rate, and a higher crime rate. If minimum wage is so great than the USA should have lower rates of all of these things.

Homeless people never begged for money from me in Singapore but they have done this in the USA. This even happened in smaller cities.

The real minimum wage is $0 per hour. Liberals would rather have somebody make $0 an hour instead of $5 per hour. Liberals tell people, 'I'm sorry, I can't let you take that job because it only pays $5 per hour even though you want it, you better keep looking until you can get one aying $7, $8, $10 (whatever minimum wage is) per hour.' Liberals are middlemen in the negotiation between employer and potential employee.

[Mavorpen]

There are poor people everywhere. The point was that the USA has a minimum but a bigger homeless problem, a higher unemployment rate, and a higher crime rate. If minimum wage is so great than the USA should have lower rates of all of these things.

In comparison to what?

Homeless people never begged for money from me in Singapore but they have done this in the USA. This even happened in smaller cities.

Probably because comparing Singapore to the USA is very, very idiotic.

The real minimum wage is $0 per hour. Liberals would rather have somebody make $0 an hour instead of $5 per hour. Liberals tell people, 'I'm sorry, I can't let you take that job because it only pays $5 per hour even though you want it, you better keep looking until you can get one aying $7, $8, $10 (whatever minimum wage is) per hour.' Liberals are middlemen in the negotiation between employer and potential employee.

And not a single source was given on that day.

[Imperiatom]

A rise in the cost of labour will move the MC curve, i then need to move my MR curve to get to the new point of profit maximization. Given at the same time a wage rise has just occurred i can normally just increase the price(the general wage increase will make my products slightly less elastic until i raise the price). I am operating at my current profit maximization but if any of the factors of production change i may need to need to react to stay at that point.
r

I INCREASE THE PRICE OF MY PRODUCTS Listen to me, to keep the same amount of Profit i increase the price. Since most people are normally putting up prices for one reason or another i don't see a lose in sales.

IOW, you are running a cameo business in a rural area and have no competition; you're not actually charging the profit maximizing price, but only think you are; or (alternately) your price increases over time have pretty much only been in line with inflation, effectively making all of your combined changes a wash.

Either way, your experience has little relevance to this particular topic, since most Michigan businesses do not enjoy that sort of monopolistic position within their respective marketplaces.

I think you are unable to grasp the concept that the point of profit maximization changes with time depending on changes that affect MR and MC. I try to keep as close to this point at all times, But naturally one is always reacting to the market for the most part, increasing and decreasing costs and thus the general price level.

[Imperiatom]

I've been to Singapore. You're right that no bums live there. Because only rich people live there. So a minimum wage would be absurd since everyone is making money overseas except for migrant workers.

There are poor people everywhere. The point was that the USA has a minimum but a bigger homeless problem, a higher unemployment rate, and a higher crime rate. If minimum wage is so great than the USA should have lower rates of all of these things.

Homeless people never begged for money from me in Singapore but they have done this in the USA. This even happened in smaller cities.

The real minimum wage is $0 per hour. Liberals would rather have somebody make $0 an hour instead of $5 per hour. Liberals tell people, 'I'm sorry, I can't let you take that job because it only pays $5 per hour even though you want it, you better keep looking until you can get one aying $7, $8, $10 (whatever minimum wage is) per hour.' Liberals are middlemen in the negotiation between employer and potential employee.

All this really does is help increase the inflation levels. Given the Liberal love of spending money this is actually a good thing for them any dept they may accrue. It might not be the best thing for 90% of american's but it sure is best for the liberals.

[Choronzon]

There are poor people everywhere. The point was that the USA has a minimum but a bigger homeless problem, a higher unemployment rate, and a higher crime rate. If minimum wage is so great than the USA should have lower rates of all of these things.

Homeless people never begged for money from me in Singapore but they have done this in the USA. This even happened in smaller cities.

The real minimum wage is $0 per hour. Liberals would rather have somebody make $0 an hour instead of $5 per hour. Liberals tell people, 'I'm sorry, I can't let you take that job because it only pays $5 per hour even though you want it, you better keep looking until you can get one aying $7, $8, $10 (whatever minimum wage is) per hour.' Liberals are middlemen in the negotiation between employer and potential employee.

All this really does is help increase the inflation levels. Given the Liberal love of spending money this is actually a good thing for them any dept they may accrue. It might not be the best thing for 90% of american's but it sure is best for the liberals.

Because when I think right wingers, I think giving a shit about the average person.

[Mavorpen]

All this really does is help increase the inflation levels. Given the Liberal love of spending money this is actually a good thing for them any dept they may accrue. It might not be the best thing for 90% of american's but it sure is best for the liberals.

*cough*Bullshit*cough*

[Choronzon]

We had no president from 2000-2008, your chart lies.

[Mavorpen]

We had no president from 2000-2008, your chart lies.

I see what you did there.

[Imperiatom]

All this really does is help increase the inflation levels. Given the Liberal love of spending money this is actually a good thing for them any dept they may accrue. It might not be the best thing for 90% of american's but it sure is best for the liberals.

*cough*Bullshit*cough*

Sorry i was being sarcastic about his point.

[Sibirsky]

All this really does is help increase the inflation levels. Given the Liberal love of spending money this is actually a good thing for them any dept they may accrue. It might not be the best thing for 90% of american's but it sure is best for the liberals.

*cough*Bullshit*cough*

Misleading chart is misleading.

Measuring the rate of growth of spending is something, certainly. All that really says, is that Obama has only increased spending modestly, after it was already sky high, from the Bush years.

This certainly qualifies Obama as a big spender.

[Freiheit Reich]

There are poor people everywhere. The point was that the USA has a minimum but a bigger homeless problem, a higher unemployment rate, and a higher crime rate. If minimum wage is so great than the USA should have lower rates of all of these things.

In comparison to what?

Homeless people never begged for money from me in Singapore but they have done this in the USA. This even happened in smaller cities.

Probably because comparing Singapore to the USA is very, very idiotic.

The real minimum wage is $0 per hour. Liberals would rather have somebody make $0 an hour instead of $5 per hour. Liberals tell people, 'I'm sorry, I can't let you take that job because it only pays $5 per hour even though you want it, you better keep looking until you can get one aying $7, $8, $10 (whatever minimum wage is) per hour.' Liberals are middlemen in the negotiation between employer and potential employee.

And not a single source was given on that day.

Only comparing USA to Singapore in this post.

USA has a minimum wage, I gave this source once in this post and I thought it was common knowledge. Since you have been living under a rock and didn't know this fact:

http://en.wikipedia.org/wiki/List_of_mi ... by_country

Why minimum wage is wrong:

http://news.investors.com/ibd-editorial ... htm?p=full

http://www.libertarianism.com/content/96/Issues

[Mavorpen]

This certainly qualifies Obama as a big spender.

Only if you have the intellectual honesty of a child on a playground.

[Mavorpen]

Only comparing USA to Singapore in this post.

...And?

USA has a minimum wage, I gave this source once in this post and I thought it was common knowledge. Since you have been living under a rock and didn't know this fact:

Please quote me saying the United States doesn't have a minimum wage. Otherwise, don't pull shit out of your ass.

Why minimum wage is wrong:

http://news.investors.com/ibd-editorial ... htm?p=full

http://www.libertarianism.com/content/96/Issues

O...kay? I'm not sure why I should take this seriously one bit.

[Freiheit Reich]

Only comparing USA to Singapore in this post.

...And?

USA has a minimum wage, I gave this source once in this post and I thought it was common knowledge. Since you have been living under a rock and didn't know this fact:

Please quote me saying the United States doesn't have a minimum wage. Otherwise, don't pull shit out of your ass.

Why minimum wage is wrong:

http://news.investors.com/ibd-editorial ... htm?p=full

http://www.libertarianism.com/content/96/Issues

O...kay? I'm not sure why I should take this seriously one bit.

"And not a single source was given on that day."

You said this in regards to me saying the minimum wage puts liberals in the middle of the negotiating table. My source for this is the USA minimum wage law (which I thought was common knowledge).

An employer is willing to offer a job at $5 a hour. I need a job and I will take it. However, the liberal (or should I say the minimum wage supporter) will say 'Stop! You can't take this job because it doesn't pay fair wages' so I have to walk away still unemployed and making a 'fairer' wage of $0 per hour. This is what minimum wage does, it is obvious (or so I thought).

[Neo Art]

...And?

Please quote me saying the United States doesn't have a minimum wage. Otherwise, don't pull shit out of your ass.

O...kay? I'm not sure why I should take this seriously one bit.

"And not a single source was given on that day."

You said this in regards to me saying the minimum wage puts liberals in the middle of the negotiating table. My source for this is the USA minimum wage law (which I thought was common knowledge).

An employer is willing to offer a job at $5 a hour. I need a job and I will take it. However, the liberal (or should I say the minimum wage supporter) will say 'Stop! You can't take this job because it doesn't pay fair wages' so I have to walk away still unemployed and making a 'fairer' wage of $0 per hour. This is what minimum wage does, it is obvious (or so I thought).

And that employer, who needed an employee before, suddenly...doesn't.

What nonsense.

[Mavorpen]

"And not a single source was given on that day."

You said this in regards to me saying the minimum wage puts liberals in the middle of the negotiating table. My source for this is the USA minimum wage law (which I thought was common knowledge).

No, I didn't. Anyone using basic reading comprehension would understand that I was referring to the REST of your post where you made erroneous generalizations about liberals.

By the way, I'm not sure why you seem to believe that only liberals can support the minimum wage.

An employer is willing to offer a job at $5 a hour. I need a job and I will take it. However, the liberal (or should I say the minimum wage supporter) will say 'Stop! You can't take this job because it doesn't pay fair wages' so I have to walk away still unemployed and making a 'fairer' wage of $0 per hour. This is what minimum wage does, it is obvious (or so I thought).

Explain how this makes any sense whatsoever.

[Khadgar]

So if unemployment is forced upward by higher minimum wages, shouldn't there be a strong correlation between minimum wage and unemployment?

These numbers are available.

http://www.ncsl.org/issues-research/lab ... chart.aspx
http://www.bls.gov/web/laus/laumstrk.htm

[The Joseon Dynasty]

This certainly qualifies Obama as a big spender.

Only if you have the intellectual honesty of a child on a playground.

Why? If spending has been monotonically increasing over time, doesn't your chart indicate that Obama is spending the most of all those listed? Marginal spending is useful to determine which presidents change government spending and in what direction, but not necessarily which presidents are the "big spenders".

[Mavorpen]

Only if you have the intellectual honesty of a child on a playground.

Why? If spending has been monotonically increasing over time, doesn't your chart indicate that Obama is spending the most of all those listed?

No, it doesn't. It means that spending is the highest under Obama, not that Obama himself is a "big spender."

Marginal spending is useful to determine which presidents change government spending and in what direction, but not necessarily which presidents are the "big spenders".

Didn't say it was. Ever.

[The Joseon Dynasty]

Why? If spending has been monotonically increasing over time, doesn't your chart indicate that Obama is spending the most of all those listed?

No, it doesn't. It means that spending is the highest under Obama, not that Obama himself is a "big spender."

Marginal spending is useful to determine which presidents change government spending and in what direction, but not necessarily which presidents are the "big spenders".

Didn't say it was. Ever.

What qualifies someone as a "big spender" then? I would have thought high government spending in absolute terms is rather implicit in the definition.

[Freiheit Reich]

"And not a single source was given on that day."

You said this in regards to me saying the minimum wage puts liberals in the middle of the negotiating table. My source for this is the USA minimum wage law (which I thought was common knowledge).

An employer is willing to offer a job at $5 a hour. I need a job and I will take it. However, the liberal (or should I say the minimum wage supporter) will say 'Stop! You can't take this job because it doesn't pay fair wages' so I have to walk away still unemployed and making a 'fairer' wage of $0 per hour. This is what minimum wage does, it is obvious (or so I thought).

And that employer, who needed an employee before, suddenly...doesn't.

What nonsense.

If the job will only make the employer an extra $7 per hour profit than the employer won't need him.

Hiring employee means I make $7 extra per hour in profit.

Employee is good to hire at wages below $7 per hour
Employee is bad to hire at wages above $7 per hour.

[Freiheit Reich]

"And not a single source was given on that day."

You said this in regards to me saying the minimum wage puts liberals in the middle of the negotiating table. My source for this is the USA minimum wage law (which I thought was common knowledge).

No, I didn't. Anyone using basic reading comprehension would understand that I was referring to the REST of your post where you made erroneous generalizations about liberals.

By the way, I'm not sure why you seem to believe that only liberals can support the minimum wage.

An employer is willing to offer a job at $5 a hour. I need a job and I will take it. However, the liberal (or should I say the minimum wage supporter) will say 'Stop! You can't take this job because it doesn't pay fair wages' so I have to walk away still unemployed and making a 'fairer' wage of $0 per hour. This is what minimum wage does, it is obvious (or so I thought).

Explain how this makes any sense whatsoever.

The law says I am not allowed to take a job unless it pays above minimum wage. The law is the middleman in job offers.

Perhaps a company is willing to hire me for $5 an hour but not willing to hire me for $7 an hour (or whatever the minimum wage is).

[Freiheit Reich]

So if unemployment is forced upward by higher minimum wages, shouldn't there be a strong correlation between minimum wage and unemployment?

These numbers are available.

http://www.ncsl.org/issues-research/lab ... chart.aspx
http://www.bls.gov/web/laus/laumstrk.htm

Regardless the principle is that minimum wage is an attack on freedom. Even if it doesn't equal higher unemployment it is wrong based on principle alone.

[Mavorpen]

The law says I am not allowed to take a job unless it pays above minimum wage. The law is the middleman in job offers.

Where?

Perhaps a company is willing to hire me for $5 an hour but not willing to hire me for $7 an hour (or whatever the minimum wage is).

And?

[Khadgar]

So if unemployment is forced upward by higher minimum wages, shouldn't there be a strong correlation between minimum wage and unemployment?

These numbers are available.

http://www.ncsl.org/issues-research/lab ... chart.aspx
http://www.bls.gov/web/laus/laumstrk.htm

Regardless the principle is that minimum wage is an attack on freedom. Even if it doesn't equal higher unemployment it is wrong based on principle alone.

:palm: