conservatives/libertarians position on the minimum wage might charitably be termed 18th century
  Home FAQ Contact Sign in
sci.econ only
 
Advanced search
POPULAR GROUPS

sci.econ Profile…
 Up
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Robert Bunn
Date: Oct 18, 2006 20:56

"Les Cargill" cfl.rr.com> wrote in message
news:NaCZg.30012$Tq3.23178@tornado.tampabay.rr.com...
> Robert Bunn wrote:
>
>>
>> Competition for minimum-wage jobs is already pretty keen,
>
> Um... where?

Here in central New York, anyway. I held one until about a year ago, and
the general pattern was that you had to work pretty hard to keep them,
because you could always be replaced by any of the hundreds of other
interchangeable cogs out there waiting to do your work. There is
certainly always a steady stream of applicants, even at places that
aren't hiring.
Show full article (5.50Kb)
no comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Day Brown
Date: Oct 19, 2006 11:19

RG wrote:
> just give the woman an IQ test. If it's below the mean, sterilize her.
> Then she and the stupid men she would have chosen as partners can have
> all the sex they want and not burden society.
Mite wanna crunch the numbers on that. I dunno what tubals cost these
days. But archeology provided an alternative by bringing modern forensic
tools into obscure Transylvanian museums and identifying the residues in
pots used by ancient witches.

Turns out that there are lotsa plants and fungi that evolved a defense
against herbivores developing a taste for them by causing sterility and
abortions. So, there's a *reason* "Blessed Thistle" is blessed, and why
"Bachelor Button" is so named. I also know of wild yam, Cornflower, and
Motherwort.

the abortion debate is over. Modern 'witches' have found out about this,
and are in email with each other on private lists, and now provide
abortions on demand. No appointment, no clinic, no protester line, no
adoption sermon, no doctor, no bill, no prescription, no problem with
pharmacists, no parental consent.
Show full article (2.80Kb)
no comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: MP
Date: Oct 19, 2006 15:01

Video61@tcq.net wrote:
[...]
> The simple economics of the minimum wage are that the "equilibrium" or
> market-clearing wage - the place where the supply and demand curves
> for labor intersect - is already above $7.25. Therefore, raising the
> minimum wage to this level will have virtually no effect on average
> wages or employment.

Gross economic ignorance. If this *average* market-clearing wage
applied to *every* sector of the economy, then there would (as the
candidate said) be no need for a minimum wage. In fact, some jobs are
simply not worth $7.25/hour, or even $5/hour, for an employer ... and
the higher the miminum wage, the more unemployment as employers either
squeeze more productivity out of fewer such employees, automate, or
leave the job undone.
129 Comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Robert Bunn
Date: Oct 19, 2006 15:42

my-deja.com> wrote in message
news:1161258388.168694.247770@h48g2000cwc.googlegroups.com...
> Robert Bunn wrote:
>
>> * If I am all of the manufacturers in the country, then I produce all
>> the goods produced in the country.
>> * If a dollar is spent on goods manufactured in the country, I get
>> that
>> dollar.
>> * At my current level of production, therefore, I get all dollars
>> spent
>> on goods manufactured in this country.
>> * If a larger number of dollar bills are available, I will still
>> produce
>> all goods produced in the country.
>> * If a larger number of dollar bills are available, therefore, I will
>> still get all dollars spent on goods manufactured in this country.
>> * I can capture all dollars spent on goods manufactured in the
>> country
>> at my current level of production, regardless of how many actual ...
Show full article (2.41Kb)
176 Comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Nospam
Date: Oct 19, 2006 15:44

MP wrote:
> Gross economic ignorance. If this *average* market-clearing wage
> applied to *every* sector of the economy, then there would (as the
> candidate said) be no need for a minimum wage. In fact, some jobs are
> simply not worth $7.25/hour, or even $5/hour, for an employer ... and
> the higher the miminum wage, the more unemployment as employers either
> squeeze more productivity out of fewer such employees, automate, or
> leave the job undone.

So you believe that they can squeeze more even now and they don't due to
their charitable souls ?

Do you want to buy an acre of land on (former planet ) Pluto ?
57 Comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: royls
Date: Oct 19, 2006 15:45

On 19 Oct 2006 15:01:26 -0700, "MP" rocketmail.com> wrote:
>Video61@tcq.net wrote:
>
>[...]
>> The simple economics of the minimum wage are that the "equilibrium" or
>> market-clearing wage - the place where the supply and demand curves
>> for labor intersect - is already above $7.25. Therefore, raising the
>> minimum wage to this level will have virtually no effect on average
>> wages or employment.
>
>Gross economic ignorance.

Yep. Yours.
Show full article (1.00Kb)
37 Comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Nospam
Date: Oct 19, 2006 15:46

RG wrote:
> just give the woman an IQ test. If it's below the mean,
> sterilize her. Then she and the stupid men she would have
> chosen as partners can have all the sex they want and not burden
> society.

But if you do that, in 18 years there will be no new Republican nor
Libertarians voters. Do we really want to destroy the democratic
competition ?
no comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: maxwelton
Date: Oct 19, 2006 15:55

Robert Bunn wrote:
> my-deja.com> wrote in message
> news:1161258388.168694.247770@h48g2000cwc.googlegroups.com...
>> Robert Bunn wrote:
>>
>>> * If I am all of the manufacturers in the country, then I produce all
>>> the goods produced in the country.
>>> * If a dollar is spent on goods manufactured in the country, I get
>>> that
>>> dollar.
>>> * At my current level of production, therefore, I get all dollars
>>> spent
>>> on goods manufactured in this country.
>>> * If a larger number of dollar bills are available, I will still
>>> produce
>>> all goods produced in the country.
>>> * If a larger number of dollar bills are available, therefore, I will
>>> still get all dollars spent on goods manufactured in this country.
>>> * I can capture all dollars spent on goods manufactured in the
>>> country ...
Show full article (3.06Kb)
175 Comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Robert Bunn
Date: Oct 19, 2006 16:09

my-deja.com> wrote in message
news:1161298511.120888.193280@i42g2000cwa.googlegroups.com...
> Robert Bunn wrote:
>> my-deja.com> wrote in message
>> news:1161258388.168694.247770@h48g2000cwc.googlegroups.com...
>>> Robert Bunn wrote:
>>>
>>>> * If I am all of the manufacturers in the country, then I produce
>>>> all
>>>> the goods produced in the country.
>>>> * If a dollar is spent on goods manufactured in the country, I get
>>>> that
>>>> dollar.
>>>> * At my current level of production, therefore, I get all dollars
>>>> spent
>>>> on goods manufactured in this country.
>>>> * If a larger number of dollar bills are available, I will still
>>>> produce
>>>> all goods produced in the country.
>>>> * If a larger number of dollar bills are available, therefore, I ...
Show full article (3.87Kb)
174 Comments
Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         


Author: Robert Bunn
Date: Oct 19, 2006 16:10

telus.net> wrote in message
news:4537d5f7.23530855@news.telus.net...
> On 19 Oct 2006 15:01:26 -0700, "MP" rocketmail.com> wrote:
>
>>If this *average* market-clearing wage
>>applied to *every* sector of the economy, then there would (as the
>>candidate said) be no need for a minimum wage. In fact, some jobs are
>>simply not worth $7.25/hour, or even $5/hour, for an employer ... and
>>the higher the miminum wage, the more unemployment as employers either
>>squeeze more productivity out of fewer such employees, automate, or
>>leave the job undone.
>
> But that claim has been falsified empirically.

Like in California?
19 Comments

RELATED THREADS
SubjectArticles qty Group
War-Profiteering Hurts American Economy Both Short Term and Even More So Long Termsci.econ ·
1 2 3 4 5 6 7 8 9