General Discussion

Demo_Chris

(6,234 posts)

18. Not a lot of time, so real quick...

Sat Jun 21, 2014, 10:31 AM

Jun 2014

If you are making 10 an hour and the minimum wage is 7, you are better off than you would be earning 10 with a minimum wage of 9. You (no doubt unintentionally) stated the reason yourself when you mentioned DEMAND, but in any case yes, you are better off earning three dollars over minimum wage than one dollar over minimum.

And yes, some jobs are vilified as being bad. Sometimes because they genuinely are bad, but as often as not because they are actual jobs requiring effort and work. People cry about those warehouse jobs today, but they will be crying a whole lot more when they are gone.

Speaking of work, I'm off to start another fifteen hour day.

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Highlight:

The Terrible News Economists Are Trying to Hide About American Jobs [View all] HomerRamone Jun 2014 OP

And, let us not fail to mention chervilant Jun 2014 #1

The only thing that will create jobs is raising wages. Warpy Jun 2014 #2

Yes, because when the poor and middle class have money, they spend it BuelahWitch Jun 2014 #3

counter steering (something you do on motorcycles)... awoke_in_2003 Jun 2014 #10

Yes, like steering into a skid in snow Warpy Jun 2014 #11

Your statement seems to be proven by the truedelphi Jun 2014 #27

It happens all the time through history. yourmovemonkey Jun 2014 #45

Personally, I think that words which inadvertently imply gender MannyGoldstein Jun 2014 #4

+1 TransitJohn Jun 2014 #17

And guess what? DeSwiss Jun 2014 #5

I am sure you likely have, but have you read "The Rich Economy" by RAW? Dragonfli Jun 2014 #9

I had not gotten to that one yet. DeSwiss Jun 2014 #21

Yeah, Wilson was heavily influenced by Fuller. Warren DeMontague Jun 2014 #28

National income Skrups Jun 2014 #42

Yes. DeSwiss Jun 2014 #44

The smoke and mirrors will soon give way to a grim reality 1000words Jun 2014 #6

Some realities are too awful to contemplate nxylas Jun 2014 #31

The 1%'s doing just fine, thank you very much! blkmusclmachine Jun 2014 #7

Couldn't agree more. I was just talking to my older brother (we're both out of work) tofuandbeer Jun 2014 #8

My Japanese girlfriend, who is a "personal care aide"... GReedDiamond Jun 2014 #12

Thank You For Sharing cantbeserious Jun 2014 #13

Hear, hear! k&r Laelth Jun 2014 #14

Solutions? Sadly, there aren't any easy ones... Demo_Chris Jun 2014 #15

My GENERATION is not responsible HomerRamone Jun 2014 #16

Not a lot of time, so real quick... Demo_Chris Jun 2014 #18

10 bucks is 10 bucks regardless of what your neighbor makes. Qutzupalotl Jun 2014 #20

What you can afford is proportional to how far ahead you are.... Demo_Chris Jun 2014 #46

Who is crying out against warehouse jobs? LisaLynne Jun 2014 #22

I realize you were busy when you posted, but when you get back Dragonfli Jun 2014 #23

Actually I want everyone to be prosperous, but there are no magical remedies... Demo_Chris Jun 2014 #47

Again, not to be rude, but you really don't appear to be very educated regarding economic theory Dragonfli Jun 2014 #50

I am not going to argue nadinbrzezinski Jun 2014 #32

Poor you lunatica Jun 2014 #24

Sure there is, dwilso40641 Jun 2014 #33

That would be one hell of a good start. nt Demo_Chris Jun 2014 #48

No matter what the definition is it will not change the truth - the economic recovery is NOT going jwirr Jun 2014 #19

You are right. And this 6 per cent ballyhoo Jun 2014 #36

K&R Alex P Notkeaton Jun 2014 #25

"Full employment" has never meant "0% unemployment", though. Spider Jerusalem Jun 2014 #26

But the OP doesn't state 0% it only says that full employment is now considered 6% Uncle Joe Jun 2014 #30

All according to Plan, my pretties. bvar22 Jun 2014 #29

+1 moondust Jun 2014 #35

Your post spells it out... JEB Jun 2014 #38

Great post. It sounds like you know ballyhoo Jun 2014 #40

The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us cantbeserious Jun 2014 #43

Texas Republicans Release Their Party Platform after the State Convention a few weeks ago. DhhD Jun 2014 #34

The economy of the leisure class The Wizard Jun 2014 #37

They aren't going to do anything until Obama is out of office. Then the cash will start flowing and kelliekat44 Jun 2014 #39

The best barometer for the job market is monetary policy. roamer65 Jun 2014 #41

Policy makers are still working on Kuznetz assumptions nadinbrzezinski Jun 2014 #49