Fast Food and Minimum Wage

Here it is Lucrum from a post a long time ago my views on the minimum wage.

06-25-06 12:58 PM
The minimum wage is a safety net for the poor, those not as smart or motivated as you. So what that you've worked for minimum wage and now your successful so have I. But not everyone is as smart, educated and driven or as tough as you are. Some people are doing as good as they can but they will never be leaders all they'll have is a life of hard work at low wages. History has proved if there are not worker safety nets like minimum wage laws, child labor laws, overtime laws, then business does and will take advantage of the workers. What makes our country so great is we let the smart and motivated like you become successful but we still have a heart and a sense of decency and will protect the less advantaged. And without these same type of laws many successful people would be working 60 and 70 hour weeks without overtime. No one gripes about federal mandated overtime laws because that might affect them too.
 
what a line of b.s. you had it backwards I presented you with a hypothetical to show why your logic was incorrect. I did not say the price of gold went down. I said it would have gone done had the pool of dollars been static and the demand of dollars around the world was a strong as it was.


A logical non emotional arguer would have concluded that the demand for dollars was slaked by an enormous private distribution of dollars. You would have concluded inflation must have been created by the private electronic distribution of dollars.






Quote from piezoe:

Fine, except you have it backwards, the price of gold in dollars on the international market did not go down, it went up, what does this tell you about the supply of dollars? (I won't mention the possibility of the price of gold in dollars being affected by something other than the supply of dollars. That might confuse you. I refuse to take advantage of your ignorance.:D )

But you are right about one thing, books, you know, those things "written by big govt cronies" in your words, could be very threatening to your biases. But fortunately you're not at danger.
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for reference this is what I stated.

Quote from jem:

1. You may wish to try this again... you gave the text book answer but the books were written by big govt cronies. It is completely backward.

Think about this before you respond...worldwide demand for the dollar would cause the price of the dollar to rise... thereby the price of things priced in dollars would go down. Really think before you answer. Think about the expanding world economy and the demand for our dollar. If the supply of dollars were fixed. The price of a dollar would have soared.

Even gold would have gone down relative to the dollar.

It would take more and more gold to get a dollar. Dollars were demanded by the expanding worldwide economy. Had the supply of dollar remained static the wealth of americans, our savings and our income would have skyrocketed.

Yet somehow dollars got all over the world and demand was satisfied. How did that happen? There is one obvious answer.

However the answer you always hear and read is... govt overspending. Which is wrong.

1. 5

if we were borrowing the money from the japanese and others to finance our gov overspending... there would be no net devaluation of the dollar because we got the yen for pieces of paper and we would later return the yen or more IOUs.

It would not have turned inflationary until 2008 when the Fed had to start buying our debt itself.
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Quote from bigarrow:

You really should stop with the insults since you're too big of a pussy to back up your talk.
I think you've looked up all my past posts. I've think I've already stated my opinion on the reasons I support a minimum wage. Go find it, then get back to us.
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LOL! Typical liberal loon (needs to be locked in a rubber room) response when confronted by points they can't answer. Common sense has apparently never knocked on wheelbarrow's camper screen...
 
Quote from LEAPup:

LOL! Typical liberal loon (needs to be locked in a rubber room) response when confronted by points they can't answer. Common sense has apparently never knocked on wheelbarrow's camper screen...
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God you're a retard. The very next post was showing my thoughts on minimum wage from a post I made a few years ago.

Hint so your slow ass can find my post, it's at the top of this page. Ask Lucrum to help you find it if you get stumped.
 
Quote from bigarrow:

You really should stop with the insults since you're too big of a pussy to back up your talk.
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I'm big enough to get in a boxing ring with your stupid ass.
When did you say you were coming to ATL again?
I think you've looked up all my past posts.
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No dumb ass, just the relatively recent stupid ones.
I've think I've already stated my opinion on the reasons I support a minimum wage. Go find it, then get back to us.
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I don't see where you've stated your view on the min wage in THIS thread. Other to parrot your intellectual superior's positions. When asked for explanations you...wait for it...throw insults.


2006? I'm supposed to remember that you tried to make a legitimate contribution to this thread's topic. From 2006?
 
Lucrum since you didn't disagree with my views on the minimum wage does that mean you agree with me? I mean you always have something to say even if if something stupid. Or do you not understand? Let me know, I'll try to simplify it so you can understand. Then you can dumb it down even further so little leap can keep up.
 
We don't need to raise the min wage.

We need to preserve the purchasing power of the dollar.

This would allow the middle class to preserve the wealth they earn rather than transfer it to the wealth skimmers, and keep the working poor from being constantly dunked under water.

But who would lose the benefit derived from inflationary devaluation?

Hmmmm.......
 
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