12 Nov 15
http://www.nytimes.com/politics/first-draft/2015/11/11/donald-trump-insists-that-wages-are-too-high/
I know quackquack agrees with this and thinks Americans will have to see their wages decreased to the levels of say Cambodians so that we can "compete" with the rest of the world, but do others think the Donald is right?
- Joined
- 29 Dec 08
- Moves
- 6788
12 Nov 15
1 edit
Originally posted by no1marauderWage levels can be whatever they are and it is meaningless until the relative purchasing power of the wage is taken into account (relative to the purchasing power in another or previous economy). Immediately we get into the CPI or more accurately, CPIs for different sectors.. And purchasing power is hard to compare over generations, because there are gains (and losses) in the benefits of purchased goods and services. For example, automobiles are safer than before seat belts, and there are new lifesaving medical treatments.
http://www.nytimes.com/politics/first-draft/2015/11/11/donald-trump-insists-that-wages-are-too-high/
I know quackquack agrees with this and thinks Americans will have to see their wages decreased to the levels of say Cambodians so that we can "compete" with the rest of the world, but do others think the Donald is right?
But Trump is speaking to people who are ignorant of nuance, and are suspicious of people who use the word "nuance."
[/endrant]
Originally posted by JS357Do you think that such improvements in products are not reflected in price?
Wage levels can be whatever they are and it is meaningless until the relative purchasing power of the wage is taken into account (relative to the purchasing power in another or previous economy). Immediately we get into the CPI or more accurately, CPIs for different sectors.. And purchasing power is hard to compare over generations, because there are gains (a ...[text shortened]... ho are ignorant of nuance, and are suspicious of people who use the word "nuance."
[/endrant]
In opposing wage increases, Trump and the other Republicans are not speaking to an uneducated audience but to the audience that matters most to them; the elite class to whom higher wages for the peasants reduces the share of the economy that they can grab for themselves.
- Joined
- 29 Dec 08
- Moves
- 6788
12 Nov 15
Originally posted by no1marauderI forgot about that. There are usually two audiences.
Do you think that such improvements in products are not reflected in price?
In opposing wage increases, Trump and the other Republicans are not speaking to an uneducated audience but to the audience that matters most to them; the elite class to whom higher wages for the peasants reduces the share of the economy that they can grab for themselves.
Price is sensitive to many influences.
12 Nov 15
Originally posted by no1marauderMarkets generally create demand. Education creates the supply. Supply often lags behind demand.
It also seems that Marco Rubio was wrong when he said "Welders make more money than philosophers" http://www.slate.com/blogs/moneybox/2015/11/11/philosophers_speak_up_after_rubio_debate_jab.html
And do we really "We need more welders and less philosophers"? Can't we have more of both?
12 Nov 15
Originally posted by no1marauderEvery welder I've met has been a philosopher.
It also seems that Marco Rubio was wrong when he said "Welders make more money than philosophers" http://www.slate.com/blogs/moneybox/2015/11/11/philosophers_speak_up_after_rubio_debate_jab.html
And do we really "We need more welders and less philosophers"? Can't we have more of both?
12 Nov 15
Originally posted by no1marauderWhat's wrong with paying low wages?
http://www.nytimes.com/politics/first-draft/2015/11/11/donald-trump-insists-that-wages-are-too-high/
I know quackquack agrees with this and thinks Americans will have to see their wages decreased to the levels of say Cambodians so that we can "compete" with the rest of the world, but do others think the Donald is right?
If people will work for you they obviously need the job.
If they can to better elsewhere, they will.
12 Nov 15
Originally posted by no1marauderPrecisely.
Do you think that such improvements in products are not reflected in price?
In opposing wage increases, Trump and the other Republicans are not speaking to an uneducated audience but to the audience that matters most to them; the elite class to whom higher wages for the peasants reduces the share of the economy that they can grab for themselves.
Originally posted by sonhouseWell here is the thing, he can either take another job offered or attempt to seek government hand outs or he can go into business for himself.
Tell that to a young kid on an Indian reservation looking for work.
I don't see how working for a low wage changes any of this? Maybe he lives at home with his parents and pockets all of the money. If so, he probably end up with more money to spend than many who make a $100,000 a year and have all the money go toward paying bills.
At least the low paying job is but one more option for him.
But alas, socialism is about taking our options away, isn't it? It's all about thinking the same way and doing the same things cuz it makes us happy knowing there is no dissent.
Originally posted by whodeywhat's wrong with only "paying" workers with room and board. if people will work for your they obviously need the job.
What's wrong with paying low wages?
If people will work for you they obviously need the job.
If they can to better elsewhere, they will.
if they can do better elsewhere, they will. because everyone just loves to uproot their families and just go somewhere else where the situation is the same and rely on employer decency to make a living.
Originally posted by ZahlanziIt's what most people do today anyway.
what's wrong with only "paying" workers with room and board. if people will work for your they obviously need the job.
As taxes increase and health care costs rise, more and more of our money goes towards simply surviving.
As I said, you could make $100,000 a year and not have any money left over for anything but surviving. It does not help with the government inflating away our wages.
Things are so bad, more and more adults decide to remain at home in order to make ends meet. We are returning to a tribal society for survival.