Jump to content
House Price Crash Forum
Sign in to follow this  
Boom Boom

American Workers Must Be Homeless

Recommended Posts

http://rate.forbes.com/comments/CommentServlet?op=cpage&sourcename=story&StoryURI=forbes/2010/0913/curing-unemployment-federal-uncle-sam-scrap-minimum-wage.html

This is essentially the argument the twerp writing this article is making. I'm guessing he isn't volunteering to live in a neighbourhood in which the impact of such a policy would be felt.

Here's a video of this idiot...

His homepage...

http://www.artcarden.com

Seems he's attached to the mises institute, and promulgates a lot of their conspiratorial craziness.

Edited by Boom Boom

Share this post


Link to post
Share on other sites

These same twits are shocked when consumption falls each month.

It's shocking stuff, lots of nonsense from him all over youtube. He seems to have missed the report that corporate America is sitting on enormous sums of money, unwilling to deploy it as the domestic market is shrinking,

Share this post


Link to post
Share on other sites

American Apparel is in trouble, largely, because it stubbornly continued to manufacture in the USA. Read any tabloid reader's comments section and it'll be a blizzard of 'their prices are too dear'.

It is the consumers, who themselves need jobs, in the era of cheap imports refuse to pay a fair amount for labour but, are unable to join the dots of what it ultimately means for them.

Share this post


Link to post
Share on other sites

It's shocking stuff, lots of nonsense from him all over youtube. He seems to have missed the report that corporate America is sitting on enormous sums of money, unwilling to deploy it as the domestic market is shrinking,

Even if they weren't sitting on enormous sums of cash, cutting back executive salaries to more justifiable levels would more than pay for a decent minimum wage. "But that would be socialist! What about our liberties and freedoms!" As if executive pay is determined in the "free market". Puhleaze.

Share this post


Link to post
Share on other sites

Pretty watertight argument.

"Between 2007 and 2009 the federal minimum wage increased by 41%, from $5.15 an hour to $7.25 an hour. The consequences have been disastrous: Approximately 98,000 jobs--a 6.9% reduction in employment among 16- to 19-year-old workers in the states affected by all three stages of the federal minimum wage hike--have been lost."

In other news, the BBC reports that this years record low rainfall is undoubtably related to the bouyant housing market.

OK, Bad example. Thats probably not satire, theres probably a BBC news story with that exact headline somewhere.

Share this post


Link to post
Share on other sites
Consumers and their purchase behaviour unwittingly drive this unwanted response by corporates. The only way to stop it is actually even more regulation to even up the playing field so fair competition can compete with those who would be tempted to be unfair.

Do you ever stop and think about what you write?

The reason the US can't compete is because high real estate prices have pushed everyones living costs through the roof.

If housing was cheap people in the US wouldn't need to be paid so much and US factories could compete with the far east.

Share this post


Link to post
Share on other sites

Everyone is reduced to skimming and scamming to make a living. Ripping you off, hiding fees and costs, complexity. Dog-eat-dog attitude where the end justifies the means - that's just "being rational 'cos that's the way it is". Keeping to your word and honesty is an expensive option for for mugs.

Consumers and their purchase behaviour unwittingly drive this unwanted response by corporates. The only way to stop it is actually even more regulation to even up the playing field so fair competition can compete with those who would be tempted to be unfair.

Regulations give the unethical a business advantage, which the ethical pay for. (Given current socially acceptable ethical standards of course.)

Share this post


Link to post
Share on other sites

American Apparel is in trouble, largely, because it stubbornly continued to manufacture in the USA. Read any tabloid reader's comments section and it'll be a blizzard of 'their prices are too dear'.

It is the consumers, who themselves need jobs, in the era of cheap imports refuse to pay a fair amount for labour but, are unable to join the dots of what it ultimately means for them.

Like they have a choice, with the lines of cheap tat provided by the multiples?

It always seems to be the fault of the bottom layer of the pyramid, but boy don't you need them! Borrowed too much? Irresponsible, but we'll still peddle sub prime loans anyway. Too drunk or fat? well you should be more responsible, but we'll still sell cheap sugar laced crap and tempt them in with "teazer" rate booze.

You'd probably find people would pay for home manufactured gear, given a proper choice, but they would buy less of it and perhaps make it last longer. Seems to me that the corporates can't join up the dots.

Share this post


Link to post
Share on other sites

Do you ever stop and think about what you write?

The reason the US can't compete is because high real estate prices have pushed everyones living costs through the roof.

If housing was cheap people in the US wouldn't need to be paid so much and US factories could compete with the far east.

Surely you mean it's the US bankers needing to be paid so much which is stopping US factories competing with the far east?

Everyone wants to be wealthy and having an asset worth a small fortune on paper makes a lot of people feel very rich and flush for a time, until of course it collapses in value.

Share this post


Link to post
Share on other sites

Regulations give the unethical a business advantage, which the ethical pay for. (Given current socially acceptable ethical standards of course.)

Regulations are also necessary for those of us who care where we put our money, where our food comes from and what school our doctor went to. You'll never have total compliance and you'll have the unethical who pretend to comply, but surely partial compliance (and the availability of information to allow the consumer to check on who actually does comply) is better than no regulations at all.

Share this post


Link to post
Share on other sites

Like they have a choice, with the lines of cheap tat provided by the multiples?

It always seems to be the fault of the bottom layer of the pyramid, but boy don't you need them! Borrowed too much? Irresponsible, but we'll still peddle sub prime loans anyway. Too drunk or fat? well you should be more responsible, but we'll still sell cheap sugar laced crap and tempt them in with "teazer" rate booze.

You'd probably find people would pay for home manufactured gear, given a proper choice, but they would buy less of it and perhaps make it last longer. Seems to me that the corporates can't join up the dots.

...M&S (St Michael) used to be all Made in GB or UK ....lost their way ever since they started importing and never regained ....lesson here..... :rolleyes:

Share this post


Link to post
Share on other sites
Surely you mean it's the US bankers needing to be paid so much which is stopping US factories competing with the far east?

Everyone wants to be wealthy and having an asset worth a small fortune on paper makes a lot of people feel very rich and flush for a time, until of course it collapses in value.

the bankers are only getting to skim off so much because the real estate boom has forced people to over-borrow. Of course, I accept, it's a circle... if the banks stopped landing, prices would stop rising.

Share this post


Link to post
Share on other sites

Of course, I accept, it's a circle... if the banks stopped landing, prices would stop rising.

..according to Vince...they have....but as the funny money has evaporated ...there isn't so much around to shovel out to the pigs with their snouts at the door...... :rolleyes:

Share this post


Link to post
Share on other sites

the bankers are only getting to skim off so much because the real estate boom has forced people to over-borrow. Of course, I accept, it's a circle... if the banks stopped landing, prices would stop rising.

And how can they lend so much,..... because the state which so many people ^^up thread^^ think is going to magicaly make things "fair" by stealing money from some people to give it to others has granted the banks the "right" to create pretend but indistinguishable money out of thin air and then forced us all to use it.

You couldnt make it up.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.