Minimum Wage and Unemployment, the link

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[AndroidPolitician]

@twochordcool

It's part of the reason anyway, mostly it's government inaction.

[LogicalFlawDetector]

@twochordcool

No faggot, the dead weight loss from the minimum wage is a net loss to the economy. It's a net reduction in economic surplus. Under the equilibrium wage, more people would be employed; they would also market clearing wages and spend them in the economy. The higher wages from a minimum wage is obtained at the EXPENSE of now unemployed people. By your logic we should raise the minimum wage to $50/hour--which will destroy the economy.

[twochordcool]

@corecomps There are A LOT more people in the top 1% than CEO's, and there is A LOT more money concentrated by those people than you state - so your argument is moronic right out of the gates. We must find a way for MORE people to get paid MORE. And it would be a JUST thing because VERY FEW people get enormously wealthy without people doing the hard work beneath them. Those people should share the profits. WHY should the Waltons make billions while their workers can't survive on current wages?

[twochordcool]

@corecomps Competition is tight for any job nowadays, so the answer is NOT to lower wages down to some worthless meaningless amount so that the job get's filled and done. It does NOBODY any good in the end.

[twochordcool]

@AndroidPolitician You don't hold the same views as me because you try to further the argument that it's government's fault that jobs are flying out of this country - and that's just BS. The primary reason jobs are leaving is cheap labor - and you're a fool if you think we ought to keep jobs here by matching what the Chinese are willing to pay their workforce. All other "excuses" are a distant second.

[twochordcool]

@corecomps What YOU fail to realize is that by paying a person too little, a) that person cannot survive on that, and b) you are hurting the economy because that person does not have enough money to contribute to the economy to keep it thriving. Paying people less fucks up everything. Austerity begets only more austerity.

[twochordcool]

@corecomps BECAUSE shithead working class people spend all of their money and contribute positively to the economy and the rich DO NOT. The rich have vast wealth that does not positively contribute to the US economy. We are WAY overdue for a Teddy Roosevelt / Franklin Roosevelt moment in the US for capping the wealth of the very rich and defining a minimum for all Americans. That would have the added benefit of repairing our economy and getting federal and state government budgets out of the red

[twochordcool]

@LogicalFlawDetector No they wouldn't shithead - they NEED a certain amount of employees to function. Couple that with the fact that more people would have more money to spend at Walmart (higher wages = more to spend) and it would MORE than make up the difference. You moronic conservatives have theories that ALWAYS prove to be completely inaccurate or downright false when put to the test. ALWAYS. I bet you're another idiot that fell for the lower taxes equals higher revenue into the IRS argument

[AndroidPolitician]

@twochordcool

Well it's more varied.

Outsourcing didn't happen from the 50s to early 70s because the Bretton Woods System acted as an effective trade barrier, at that time it would of been much more lucrative to outsource then today. Then after Bretton Woods old tax incentives became relevant again.

at any rate I think we hold the same line of thought anyway and views anyway.

[LogicalFlawDetector]

@twochordcool

If Walmart is forced to pay double the current wage, Walmart would employ less people. It's the Law of Demand, stupid. Why don't you, by your retarded logic, raise the minimum wage to fucking $200/hour? Stop sucking Paul Krugman's 3-inch penis and think, faggot.