Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

TheMastersNemesis

(10,602 posts)
Wed Dec 23, 2015, 11:25 PM Dec 2015

GOP Meme - You Increase Jobs When You DECREASE Wages & Benefits.

GOPPERS believe that lowering wages increases job creation. Businesses can hire more workers because their money goes farther when their salary budget is less. You can hire twice as many workers when you pay half as much. That is why they are against minimum wages going up or minimum wages at all.

Workers should only make as much as the market can afford. And markets should determine a worker's worth to an employer. When workers produce more the market will reward them with higher pay.

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
GOP Meme - You Increase Jobs When You DECREASE Wages & Benefits. (Original Post) TheMastersNemesis Dec 2015 OP
Amazing how stupid some people really are. ThePhilosopher04 Dec 2015 #1
And this is demonstrably ass-backwards. The Velveteen Ocelot Dec 2015 #2
Seems to me that this meme carried to its logical conclusion LiberalElite Dec 2015 #3
Maybe if the CEO's and the other criminals running the companies were not madinmaryland Dec 2015 #4
Does anybody think moondust Dec 2015 #5
Republicans Know But It Is The Slimy Greed They Worship. TheMastersNemesis Dec 2015 #6

The Velveteen Ocelot

(115,806 posts)
2. And this is demonstrably ass-backwards.
Wed Dec 23, 2015, 11:34 PM
Dec 2015

Businesses will hire only as many workers as they need to produce their products or services. If wages are reduced, this will not cause a business to hire more workers unless they actually need them; they'll just make more profit.

Here's a real-world example of how wrong this belief is: In my state, Minnesota, the minimum wage was recently raised (as were taxes on the highest brackets). What happened? One of the lowest unemployment rates in the country, a bit more than 3% (3% is what most economists think is about the lowest realistically-attainable rate). Except on the Iron Range, where there is higher unemployment because of reduced demand for iron ore, we have a worker shortage, especially for skilled workers. "Help Wanted" signs are everywhere. The economy, in a state mostly run by Democrats who have rejected the GOP's discredited supply-side approach, is doing very well, thank you very much.

LiberalElite

(14,691 posts)
3. Seems to me that this meme carried to its logical conclusion
Wed Dec 23, 2015, 11:38 PM
Dec 2015

means slavery. Lots of jobs because no one 's being paid.

madinmaryland

(64,933 posts)
4. Maybe if the CEO's and the other criminals running the companies were not
Wed Dec 23, 2015, 11:46 PM
Dec 2015

sucking brazillions of dollars out the companies they could create more jobs that pay better for the workers who make the products.

Fuck the GOP and the NRA.

moondust

(20,002 posts)
5. Does anybody think
Thu Dec 24, 2015, 01:02 AM
Dec 2015

Last edited Thu Dec 24, 2015, 01:51 AM - Edit history (1)

businesses will ever hire--at any wage--more employees than they actually need and then pay them to sit around and do nothing because there's not enough work to keep them all busy?



Want more jobs? Increase demand by putting more disposable income in the hands of people who need and want stuff they can't afford on their subsistence level wages.

Latest Discussions»General Discussion»GOP Meme - You Increase J...