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Author: maxweltonmaxwelton Date: Oct 19, 2006 18:54
Robert Bunn wrote:
>> Robert Bunn wrote:
>>>> 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. ...
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Author: Video61Video61 Date: Oct 19, 2006 19:17
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.
ok, i will bite. gross ignorance on how a modern economy works is
simply outrageous in todays world.
it is not how technical a job is, or is not. the employer will always
downplay any skilled job no...
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Author: Robert BunnRobert Bunn Date: Oct 19, 2006 19:52
> Robert Bunn wrote:
>>> Robert Bunn wrote:
>>>>> 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.
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Author: Robert BunnRobert Bunn Date: Oct 19, 2006 19:57
>
> http://www.alternet.org/workplace/37935/
>
> In truth, the evidence indicates that small businesses benefit from a>
> higher wage. A report by the Center for American Progress and Policy
> Matters Ohio found that the "11 states with a minimum wage above the
> federal minimum of $5.15 per hour had higher rates of small business
> growth between 1997 and 2003."
How much of that is from people in desperation starting their own small
businesses because they can't find jobs? How many of those businesses
last one year? Three? five?
> A recent report from the Wisconsin
> Department of Workforce Development said last year's increase in that
> state's hourly rate produced $175 million in additional payroll and a
> $3 million boost in tax revenue, without creating job loss.
At whose expense did all this come?
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Author: ccrccr Date: Oct 19, 2006 20:52
> Robert Bunn wrote:
>> I take it you're not interested in finding the real point of
>> disagreement. Either that's a shame because it means we'll never find
>> the truth, or that's a pity because you won't admit you know where the
>> disagreement is and it's one of your assumptions that turns out to be
>> ridiculous if said out loud.
>
> I don't think you are every going to make any real points.
I PLONKED Bunn after his post on how he'd destroy some of his property to
beat the tax liability. That showed him for what he is.
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Author: ccrccr Date: Oct 19, 2006 21:16
> [...]
>> 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 .....
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Author: Video61Video61 Date: Oct 19, 2006 21:38
How much of that is from people in desperation starting their own small
businesses because they can't find jobs? How many of those businesses
last one year? Three? five?
(that is always the case no matter what kind of economy we are in.
people try their hand at entrepreneurial skills even if they are
employed in a good job.
your statement is a red herring, and america has always churned out
new business's in good times, as well as in bad times. besides, you did
not read the small print, they said small business activity actually
increased, which is a good thing.)
At whose expense did all this come?
(again, you did not read the small print. higher wages led to increased
small business activities, so the small business person got some of it
back, and made more money because the tax base increased, another good
thing.
besides major corporations are the main employers of minimum wage, or
close to minimum wage earners. so the money came from the walmarts, and
the mcdonalds, another good thing.)
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Author: NospamNospam Date: Oct 20, 2006 04:12
Robert Bunn wrote:
>> Moreover, the evidence indicates higher wagers will not result in
>> fewer
>> jobs. A 1998 Economic Policy Institute report found that unemployment
>> and poverty rates fell after the 1997 increase in the federal minimum
>> wage, and economists David Card and Alan Krueger noted that increases
>> in the minimum wage in various states in the late 1980s and early
>> 1990s
>> did not result in increased unemployment.
>>
>
> That study was widely criticized by other economists for too short a
> time frame and too narrow a sample. Results in California, on the other
> hand, showed real harm directly attributable to that minimum wage hike.
By _some_ economists. As times goes and economists learn more .... economics
fewer and fewer oppose the rise of minimum wage.
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Author: maxweltonmaxwelton Date: Oct 20, 2006 05:35
Robert Bunn wrote:
>> Robert Bunn wrote:
>>>> Robert Bunn wrote:
>>>>>> 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.
> ...
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Author: Les CargillLes Cargill Date: Oct 20, 2006 09:06
Nospam wrote:
> Robert Bunn wrote:
>
>
>>This period is a net gain for minimum wage earners. To get an idea how
>>sticky prices are, observe how long it took for gas prices to rise at
>>the commencement of the war in Iraq.
>
>
> The oil prices is a very bad example. There isn't a real competition on the
> oil market as on many others. Well, the advent of multinational
> corporations try to destroy the competition in everything else too, but
> this is another subject.
>
> In general, if you have real competition the prices are going to be pretty
> sticky. Just loot that despite the fact that oil prices grew almost 2 times
> in last 6 years, the prices of goods manufactured from or with a lot of oil
> didn't. If they grew, they did 5..20%% not 100%% as the oil/gas did.
>
> Nice try, but not quite. The competition can keep prices sticky. ...
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