Bernie Sanders and Alan Greenspan "Chat"

[ETcallhome]

Paying a hourly wage that someone working full time could get by on is not a leftest idea. It is a mainstream idea. When you pay less than a minimum living wage to a full-time worker, some other person or entity has to subsidize their wages so they can makes ends meet. For you and I to be required to subsidize these low wage workers is a radical idea! America is becoming a radical nation. If you are running a business and your employees can not justify their wages by the value they bring to your business, then you are either hiring people you shouldn't be or there is something fundamentally wrong with your business model. All private, for profit business models that depend on taxpayer subsidized wages are following a radical, capitalist business model, and should not be permitted to exist in a free, mixed economy.

well I'll meet you half way. Eliminate my employer tax, lower my corp tax, and about half the EPA, OSHA, and a few thousand other regulations that cost me money and I wll glady give all that money directly to my employees.

 

[Frederick Foresight]

well I'll meet you half way. Eliminate my employer tax, lower my corp tax, and about half the EPA, OSHA, and a few thousand other regulations that cost me money and I wll glady give all that money directly to my employees.

Would you like some infrastructure and fresh air with your order, and perhaps a glass of clean water?

As for eliminating OSHA, do you think danger pay will be cheaper? At the very least, the workplace will become more exciting.

 

[piezoe]

the government acts as a union for workers who can not otherwise organize. Look at it as a Minimum Wage Union. The workers can't go on strike, but the government can put the screws to the owners.

I don't think the need for a national minimum wage has anything at all to do with this. I believe a national minimum wage is essential in a large mixed economy to prevent unsound, capitalist business practices from gaining a foothold and damaging the economy.

 

[ETcallhome]

Would you like some infrastructure and fresh air with your order, and perhaps a glass of clean water?

very little of the so called infrastructre is federally funded. Every year they try to remove impurities from water by EPA mandate. Now they need new microcopes just to see what it is left to remove. The whole government is on auto pilot. And when it comes time for somebody to give in, it's us against you. The business owner or the government. The government has become so powerful that we actually need to buy it because we can no longer compete against it anymore. Fresh air, clean water? no problem, we don't need them anymore. Now we have Climate Change.

 

[fhl]

Paying a hourly wage that someone working full time could get by on is not a leftest idea. It is a mainstream idea. When you pay less than a minimum living wage to a full-time worker, some other person or entity has to subsidize their wages so they can make ends meet. For you and I to be required to subsidize these low wage workers is a radical idea! America is becoming a radical nation. If you are running a business and your employees can not justify their wages by the value they bring to your business, then you are either hiring people you shouldn't be, or there is something fundamentally wrong with your business model. All private, for profit business models that depend on taxpayer subsidized wages are following a radical, distorted, capitalist business model, and should not be permitted to exist in a free, mixed economy. One of the important roles that government should play is to prevent these defective business models from gaining a foothold in the economy. By adjusting the national minimum wage up to a living wage for all businesses the country can be moved back to sound business practice and a more stable and vibrant economy. Everyone will benefit. It is a win-win adjustment.

So paying an employee according to the value he brings to a business is somehow a distortion of capitalism and you have a better idea. Ok. lmao

Earth to commie. If you drive that company out of business, then those employees have no job. And those employees still have the same fundamental worth that they had before. They're not going to be worth any more to another business than the one you just shut down. You think those unskilled workers will be worth more to target than they are to walmart? To any other business?

If you force all these people to receive higher wages than they are worth, you automatically force up the cost of living for everybody, and then these poor souls are in exactly the same position that they were in before. They are still receiving less than you feel they "need".

And you think that implementing all of your regulations isn't a distortion, but rather letting the market work properly is a distortion. Virtually every post of your reeks of standing logic on its head.

 

[Frederick Foresight]

So paying an employee according to the value he brings to a business is somehow a distortion of capitalism and you have a better idea. Ok. lmao

Perhaps you should consider how plantation owners in the Old South assigned "value" to labor. Business models, and all that.

 

[ETcallhome]

I don't think the need for a national minimum wage has anything at all to do with this. I believe a national minimum wage is essential in a large mixed economy to prevent unsound, capitalist business practices from gaining a foothold and damaging the economy.

you can't divorce wages from business. I think we all want USA to have the highest wages in the world. One component of a high wage is gainful employment by a profitable business. The best way to keep a business profitable is to keep wages as low as possible. The best way to get laid off is to make wages too high.

 

[Frederick Foresight]

The best way to keep a business profitable is to keep wages as low as possible.

*Sniff*

I think I just stepped on some supply-side.

 

[ETcallhome]

*Sniff*

I think I just stepped on some supply-side.

no, like I said, I'll meet you half way. It's a little late to get things going, but a regular something everyone both the boss and the employee can plan for raise in a non disruptive min wage (if you insist on a min wage) should have been implemented long ago.

 

[fhl]

Most businesses will pay as little as they can get away with, which has a tenuous relationship with actual value. Frontier times.

So saith the armchair economist that has more knowledge than all the participants in the market collectively put together.