Abolish the Minimum Wage Law | Bitcointalksearch.org

TheHeroMember

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Quote from: RandyFolds on January 08, 2012, 10:16:09 PM

Quote from: TheHeroMember on January 08, 2012, 09:10:39 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

Minimum wage law is ok as long as it is FAIR to every employee.

Shrink your sig, dog. Y'all shit's annoying.

Ooops, i guess i really need to shrink this one, thanks mate.

P4man

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Merit: 500

Anyone who thinks lowering or abolishing minimum wages needs a reality check:

Minimum wages are already near their lowest ever, and if there is a correlation with employment levels and general economic prosperity, it seems opposite.

RandyFolds

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Quote from: TheHeroMember on January 08, 2012, 09:10:39 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

Minimum wage law is ok as long as it is FAIR to every employee.

Shrink your sig, dog. Y'all shit's annoying.

TheHeroMember

full member

Activity: 126

Merit: 100

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

Minimum wage law is ok as long as it is FAIR to every employee.

NASDAQEnema

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Quote from: Phinnaeus Gage on January 03, 2012, 11:50:14 AM

Lower the minimum wage 10% a year, and after 10 years there will be no unemployment worldwide.

Comments?

Minimum wage is lower. One gets paid fewer loaves of bread per hour than one used.

That didn't help.

Also it's a staring contest. Starving and free to try other means of short term employment is better than employed and starving and therefore not free to try other means of short term employment.

Dancing around the capital fundamentalist circus (where they only use fiat as a reference of cost) is no good.

Try physical economics instead.

If you lower wages then you have to wait for food and rent to drop as well. Neither are likely. I think minimum wage laws should treat individuals below the 1.5x the poverty threshold differently. This way some kid living at home can make some small change while an adult on their own can still expect some extra for their necessities.

Matthew N. Wright

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Quote from: RandyFolds on January 08, 2012, 03:50:54 PM

Quote from: EndTheBanks on January 08, 2012, 03:24:23 PM

Quote from: RandyFolds on January 07, 2012, 12:38:47 PM

Quote from: EndTheBanks on January 06, 2012, 10:30:13 PM

Quote from: RandyFolds on January 06, 2012, 10:19:44 PM

Quote from: EndTheBanks on January 06, 2012, 10:03:15 PM

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country. An Australian's productivity is only collateral much like a US citizen's.

You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

It's funded by subsidization and an endless cycle of unsustainable debt provided by China.

China has poor people but the poor don't stay poor forever. They have an economic ladder than actually be reached from the bottom. Australia does not.

You done fucked up the pyramid, Matthew.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: EndTheBanks on January 08, 2012, 03:24:23 PM

Quote from: RandyFolds on January 07, 2012, 12:38:47 PM

Quote from: EndTheBanks on January 06, 2012, 10:30:13 PM

Quote from: RandyFolds on January 06, 2012, 10:19:44 PM

Quote from: EndTheBanks on January 06, 2012, 10:03:15 PM

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country. An Australian's productivity is only collateral much like a US citizen's.

You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

It's funded by subsidization and an endless cycle of unsustainable debt provided by China.

China has poor people but the poor don't stay poor forever. They have an economic ladder than actually be reached from the bottom. Australia does not.

You done fucked up the pyramid, Matthew.

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Why do mods keep whitelisting Atlas?

EndTheBanks

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Merit: 0

Quote from: RandyFolds on January 07, 2012, 12:38:47 PM

Quote from: EndTheBanks on January 06, 2012, 10:30:13 PM

Quote from: RandyFolds on January 06, 2012, 10:19:44 PM

Quote from: EndTheBanks on January 06, 2012, 10:03:15 PM

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country. An Australian's productivity is only collateral much like a US citizen's.

You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

It's funded by subsidization and an endless cycle of unsustainable debt provided by China.

China has poor people but the poor don't stay poor forever. They have an economic ladder than actually be reached from the bottom. Australia does not.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: EndTheBanks on January 06, 2012, 10:30:13 PM

Quote from: RandyFolds on January 06, 2012, 10:19:44 PM

Quote from: EndTheBanks on January 06, 2012, 10:03:15 PM

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country. An Australian's productivity is only collateral much like a US citizen's.

You have not addressed Australia's $17/hr minimum wage, it's socialized medicine or how it is funded. You keep going on about China. China exploits its natural resources for profit, just like every other country on earth. So why is everyone there so poor? Why the China circle-jerk, rather than an explanation?

Do you think australia is a big wasteland with people working for China? What about all the industry?

Side note,

P4man

hero member

Activity: 518

Merit: 500

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

You can keep saying that, but it doesnt make it true. Printing trillions of dollars and giving it to the banks should cause vastly more inflation, If you are so concerned about inflation, thats what you should worry about. But even that so far has not really created inflation. inflation isnt our problem at this point.

Besides, minimum wage in real dollars today is lower than it was in the 50s, 60s, 70s, 80s and 90s.

EndTheBanks

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Activity: 14

Merit: 0

Quote from: RandyFolds on January 06, 2012, 10:19:44 PM

Quote from: EndTheBanks on January 06, 2012, 10:03:15 PM

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

No, the Chinese don't get paid in debt. They get paid in actual currency. That's why there is no such thing as a jobless Chinese: there is actual wealth creation and not a hopeless circle of debt.

If you were to pay off all of Australia's debt, there would be no more Australian banknotes. Australian citizen's get paid in currency that is owned by Chinese and European shareholder's that can be taken away from the citizens at anytime.

You're right, there's not. Again, they are living off the Chinese: they own the country. An Australian's productivity is only collateral much like a US citizen's.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: EndTheBanks on January 06, 2012, 10:03:15 PM

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

So $17/hr minimum wage is paid by China? Can you elaborate?

There is not much economic freedom in Australia. Its banking and industry are heavily regulated.

EndTheBanks

newbie

Activity: 14

Merit: 0

Quote from: RandyFolds on January 06, 2012, 09:55:44 PM

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

Australia has thriving trade agreements with one of the world's only sovereign nations: China. The Chinese currency is actually owned by the people that hold it. It's not backed by debt and the Australians benefit from it.

I think you are confusing Keynesian policy with actual productive activity.

Now UN and NATO influence is putting American troops on Australian soil. You know why?

The banks don't like the economic freedom around there one freaking bit. It's not going to last for long. I am going to put my money on it.

The Eastern hemisphere's sovereignty is going to be challenged tooth-and-nail in the coming decades and most of it is going to be done through war and war never changes. It debases currency and destroys sovereignty. It will all be centralized into larger nations, fewer currencies and more control.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: EndTheBanks on January 06, 2012, 08:36:57 PM

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

I think you are confused. Case in point: Australia.

EndTheBanks

newbie

Activity: 14

Merit: 0

Quote from: onesalt on January 06, 2012, 12:18:07 AM

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

All that would do is devalue an already worthless dollar. It would create nothing. If anything, it would raise food costs and force employers to raise prices.

It's called inflation. It doesn't work and it sustained The Great Depression. Bernanke and friends keep telling you it works and you believe it does in the face of destruction.

Hurr Durr Keynesianism

onesalt

hero member

Activity: 756

Merit: 500

Raise the minimum wage so that more people have more money which they can spend, stimulating the economy.

TheHeroMember

full member

Activity: 126

Merit: 100

Quote from: P4man on January 05, 2012, 02:34:10 AM

Quote from: Sannyasi on January 04, 2012, 11:29:32 PM

minimum wage = additional inflation....

What inflation? We dont have an inflation problem, and that is despite printing and giving trillions to the banks.

Are we experiencing inflation problem last year?

P4man

hero member

Activity: 518

Merit: 500

Quote from: Sannyasi on January 04, 2012, 11:29:32 PM

minimum wage = additional inflation....

What inflation? We dont have an inflation problem, and that is despite printing and giving trillions to the banks.

Sannyasi

sr. member

Activity: 454

Merit: 250

minimum wage = additional inflation.... i do not support minimum wage even though it sounds tasty on the outside.

Topic: Abolish the Minimum Wage Law (Read 2324 times)