A funny thing happens at $15 per hour...

On cue... Piezoe the clown comes out...

Ironically, Piezoe the clown proves he does not understand supply demand / curves. You probably need to revisit econ 101, Maybe, you did not have to take because you were a science major?

Hint... When you add supply to the labor force... the pay goes down.


(now I understand why you can pretend your party can pretend they care about low wage workers yet importing millions of low wage workers... no one in your party realizes or cares their leaders policies are destroying workers standards of living. Note... establishment republicans want the cheap labor... so at least they understand)

piezoe said:
You live in California. Do your part by volunteering to pick fruit on weekends.
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jem said:
Apparently Kroger does not have a viable business.
(which brings up another point, messing with the supply demand curves for labor will likely drive out more businesses in lower socioeconomic communities.)

If you wish to increase the standard of living for low wage workers... cease importing millions of low wage workers.
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That won’t solve anything. Stop buying foreign made stuff that is cheaper. When you go to McDonald’s demand to pay 20 dollars for that value meal.
 
jem said:
On cue... Piezoe the clown comes out...

Ironically, Piezoe the clown proves he does not understand supply demand / curves. You probably need to revisit econ 101, Maybe, you did not have to take because you were a science major?

Hint... When you add supply to the labor force... the pay goes down.


(now I understand why you can pretend your party can pretend they care about low wage workers yet importing millions of low wage workers... no one in your party realizes or cares their leaders policies are destroying workers standards of living. Note... establishment republicans want the cheap labor... so at least they understand)
More...
People in science disciplines often get a minor, mine's in economics.
 
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Americans want cheap consumer products....a U.S. worker at an American plant will still buy foreign because it is more affordable. The whole idea that the country cares about Made in U.S. or the American worker is a myth. GOP does it to make them seem fake blue collar and Dems do it to get union votes. Same people bitching about foreign workers would not spend 1 minute in a field picking anything or bitch when veggies go up in price.

Politicians cannot do anything so stop looking to your messiahs for answers to the AMerican worker. The average American worker costs 3x what it does overseas and the average american wants cheap shit more than large plants opening across the country. Made in USA means nothing except to My Pillow cucks.

I mean a whole segment of the country was duped by a fucktard promoting America first while producing clothes and hats in China and the idiots bought it. Not a peep from any of his dick suckers.

He claimed he would bring manufacturing jobs back to the U.S. as though people want to pay more to make a motorcycle here when it is cheaper over the border. Hyundai and Honda came here and opened plants and employed Americans and still kick U.S. car maker's asses making cars in Canada.

And economics? fantasy science. Pretty charts and curves that try to theoretically explain shit that is very simple so they prove they did not waste their $150k on an economics degree. Supply and Demand...dont need some made up curve.... anyone who can run a lemonade stand in middle school can explain supply and demand. Sat through hours of bullshit on Laffler curves and other crap just to realize it is 100% theory that does not always work.

"May.... sometimes....could..." so in other words you don't know and using a fancy chart to seem educated haha
 
Many concepts require you to think in systems. Some of the best exams I ever took required me to trace the impact of one change through entire system. For example a change in the money supply or the velocity of money or the percentage of cash a bank must have to lend.

We all know models are only reasonable if we make good assumptions. A CNBC economist once said the key to being a good economist is to forecast early and forecast often. So I would not claim its hard science. But some concepts are solid. You increase the labor supply faster than demand that is not good for wages. US companies have always wanted more people.. Unions came about to be a contra force as were democrats. No longer.
 
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El OchoCinco said:
And economics? fantasy science. Pretty charts and curves that try to theoretically explain shit that is very simple so they prove they did not waste their $150k on an economics degree. Supply and Demand...dont need some made up curve.... anyone who can run a lemonade stand in middle school can explain supply and demand. Sat through hours of bullshit on Laffler curves and other crap just to realize it is 100% theory that does not always work.

"May.... sometimes....could..." so in other words you don't know and using a fancy chart to seem educated haha
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Uhm $150k is like 2 or 3 semesters bro.

I did economics because I could easily solve the one question on the exams that required actual use of algebra. Sometimes I was the only one in a huge auditorium full of students who solved that one mathy question. It was the easiest possible minor to take. Engineers aren't looking for any extra work in school.

Some of it was obvious horseshit. The taxation and revenue stuff was more serious and even the black-dressing leftist assholes who ran the business school taught us that decreasing taxation leads inevitably to higher tax receipts within some limitations. It doesn't work at either extreme but is demonstrable in the middle.
 
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Snarkhund said:
Uhm $150k is like 2 or 3 semesters bro.

I did economics because I could easily solve the one question on the exams that required actual use of algebra. Sometimes I was the only one in a huge auditorium full of students who solved that one mathy question. It was the easiest possible minor to take. Engineers aren't looking for any extra work in school.

Some of it was obvious horseshit. The taxation and revenue stuff was more serious and even the black-dressing leftist assholes who ran the business school taught us that decreasing taxation leads inevitably to higher tax receipts within some limitations. It doesn't work at either extreme but is demonstrable in the middle.
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Actually I think $150K is a credit now....

I was not directing my comments to you so apologies if it seemed that way. I was referring to Econ in general and the way it is used by politicians. I also did my obligatory Econ classes to fill out the semesters.... :)
 
I just reread this after the markets closed ...so I did more than skim it. Are there actually people who think increasing the supply of labor does not hold down wages?

You can talk to engineers who work for big tech about that if you don't want to accept supply demand curves.

It works on all levels. You know what happened to construction pay over the last generation?
 
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