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by Vazdania » Thu Apr 17, 2014 8:30 pm
You've got to be kidding.
by Bythibus » Thu Apr 17, 2014 8:32 pm

by Ardoki » Thu Apr 17, 2014 8:33 pm
No it wouldn't. It would mean there are more people with more money, those people would spend the extra money they have thus stimulating the economy.

by Vazdania » Thu Apr 17, 2014 8:33 pm

by Vazdania » Thu Apr 17, 2014 8:34 pm
Ardoki wrote:No it wouldn't. It would mean there are more people with more money, those people would spend the extra money they have thus stimulating the economy.Bythibus wrote:Lord heavens no. Minimum wage should always remain at or right above the livable wage. Excessive minimum wage would be detrimental to the economy.

by Geilinor » Thu Apr 17, 2014 8:34 pm
Arkinesia wrote:The Re-Frisivisiaing wrote:I'm not talking about globalization, I'm talking about the real, lasting scars from colonialism and how the third world was still set back hard by the rape.
You're not showing me trends or evidence.
I never said the third world was ravaged by capitalism. The old colonial powers switched to capitalism post-rape and capitalism has been a tool which, while helpful in letting poorer countries become somewhat less poor, was also instrumental in keeping them down. Capitalism isn't a magic tool that brings money in stride, the only reason countries do better than others is resources.
I know, but you're obviously trying to trigger ideas with your words, and I think you're being dishonest with your terminology.
I dunno, I'm experiencing a distinct lack of source in your supposedly "fact-based" "argument".
Oh my god stop throwing around “second world” and “third world” as these terms referring to income grades. That's not what those mean.
First World = US-aligned nations
Second World = Warsaw Pact-aligned nations
Third World = Non-Aligned Movement
Majority world and minority world refer to poorer countries and wealthier countries, respectively.
Continue.
After the fall of the Soviet Union and the end of the Cold War, the meaning "First World" took on a new meaning applicable to the times, coming to be largely synonymous with developed countries or highly developed countries (depending on which definition is intended)

by Ardoki » Thu Apr 17, 2014 8:35 pm
All businesses should be owned by society while run by the workers.

by Vazdania » Thu Apr 17, 2014 8:37 pm

by Geilinor » Thu Apr 17, 2014 8:42 pm
Vazdania wrote:Bythibus wrote:Lord heavens no. Minimum wage should always remain at or right above the livable wage. Excessive minimum wage would be detrimental to the economy.
Minimum wage is a violation of the right to freely contract, moreover, its a authoritarian, and keeps wages artificially low.

by Geilinor » Thu Apr 17, 2014 8:42 pm

by Vazdania » Thu Apr 17, 2014 8:43 pm

by Vazdania » Thu Apr 17, 2014 8:45 pm

by Bythibus » Thu Apr 17, 2014 8:46 pm
Vazdania wrote:Bythibus wrote:Lord heavens no. Minimum wage should always remain at or right above the livable wage. Excessive minimum wage would be detrimental to the economy.
Minimum wage is a violation of the right to freely contract, moreover, its a authoritarian, and keeps wages artificially low.
Ardoki wrote:No it wouldn't. It would mean there are more people with more money, those people would spend the extra money they have thus stimulating the economy.Bythibus wrote:Lord heavens no. Minimum wage should always remain at or right above the livable wage. Excessive minimum wage would be detrimental to the economy.

by Ardoki » Thu Apr 17, 2014 8:46 pm
No, if there was no minimum wage people would be payed a lot less because the business can pay them as little as they like.Vazdania wrote:Geilinor wrote:How does the minimum wage keep wages artificially low? Employers can pay more if they wish.
Indeed, however, because there is little to no negation between employer and employee on the subject of initial wages, and the Employer can defer the employees wage immediately to the lowest possible, it keeps wages low.
In other words, companies will start employees off at a low wage, with no negotiation, and this is the state's fault.

by Baader-Meinhof Gruppe » Thu Apr 17, 2014 8:48 pm

by Ardoki » Thu Apr 17, 2014 8:49 pm
That is why we capitalism is bad and should be replaced with a more stable economic system.Bythibus wrote:Ardoki wrote:No it wouldn't. It would mean there are more people with more money, those people would spend the extra money they have thus stimulating the economy.
You realize there is an upper limit to what an economy can handle in the way of cash influx, right? Too much too fast is a very, very negative thing.
And the purpose of minimum wage is not to allow us to buy what we want, it's to ensure we can survive on our income.

by Vazdania » Thu Apr 17, 2014 8:50 pm
Ardoki wrote:No, if there was no minimum wage people would be payed a lot less because the business can pay them as little as they like.Vazdania wrote:Indeed, however, because there is little to no negation between employer and employee on the subject of initial wages, and the Employer can defer the employees wage immediately to the lowest possible, it keeps wages low.
In other words, companies will start employees off at a low wage, with no negotiation, and this is the state's fault.
What is to stop employees demanding wages higher than the minimum wage? Nothing but the businesses which are greedy and shall be taken over by the workers.

by Geilinor » Thu Apr 17, 2014 8:50 pm
Vazdania wrote:Geilinor wrote:How does the minimum wage keep wages artificially low? Employers can pay more if they wish.
Indeed, however, because there is little to no negation between employer and employee on the subject of initial wages, and the Employer can defer the employees wage immediately to the lowest possible, it keeps wages low.
In other words, companies will start employees off at a low wage, with no negotiation, and this is the state's fault.

by Viritica » Thu Apr 17, 2014 8:51 pm

by Vazdania » Thu Apr 17, 2014 8:51 pm
Ardoki wrote:That is why we capitalism is bad and should be replaced with a more stable economic system.Bythibus wrote:You realize there is an upper limit to what an economy can handle in the way of cash influx, right? Too much too fast is a very, very negative thing.
And the purpose of minimum wage is not to allow us to buy what we want, it's to ensure we can survive on our income.

by Baader-Meinhof Gruppe » Thu Apr 17, 2014 8:51 pm

by Viritica » Thu Apr 17, 2014 8:52 pm
Vazdania wrote:Bythibus wrote:Lord heavens no. Minimum wage should always remain at or right above the livable wage. Excessive minimum wage would be detrimental to the economy.
Minimum wage is a violation of the right to freely contract, moreover, its a authoritarian, and keeps wages artificially low.

by Ardoki » Thu Apr 17, 2014 8:52 pm
Communism isn't an economic system.Vazdania wrote:Ardoki wrote:That is why we capitalism is bad and should be replaced with a more stable economic system.
Capitalism is good, and is the only reliable economic system, socialism and communism are ineffectual and are in no way practical, they are pipe dream (which are much more of a pipe nightmare if you think about it) that should be buried before they get a chance to rear their ugly heads.

by Geilinor » Thu Apr 17, 2014 8:52 pm
Vazdania wrote:Ardoki wrote:No, if there was no minimum wage people would be payed a lot less because the business can pay them as little as they like.
What is to stop employees demanding wages higher than the minimum wage? Nothing but the businesses which are greedy and shall be taken over by the workers.
Bullshit. That would result in massive strikes, It's utterly imperative for companies to pay employees a living wage. Employees, with the right to unionize, improve their situation much better without intervention by the state.
Nothing, that is the function of the union, businesses are necessarily greedy? That is there function, an employee owned company is also greedy. Business shouldn't be employee owned.

by Vazdania » Thu Apr 17, 2014 8:53 pm
Geilinor wrote:Vazdania wrote:Indeed, however, because there is little to no negation between employer and employee on the subject of initial wages, and the Employer can defer the employees wage immediately to the lowest possible, it keeps wages low.
In other words, companies will start employees off at a low wage, with no negotiation, and this is the state's fault.
What's the lowest level possible without a minimum wage? A few dollars an hour?
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