Bernie Sanders For President

[bobevenson]

Actually, statistics prove that upping the minimum wage increases employment.

My friend, you know absolutely nothing about economics, so please do yourself a favor and stay as far away from the subject as possible.

[raw_thought]

Great another one that has no facts or arguments only insults.

[bobevenson]

Great another one that has no facts or arguments only insults.

Do I have to give you an economics lesson? It is well know that the higher the price of something, the less will be bought. This holds true whether it be material goods or labor.

[Ginkgo]

Actually, statistics prove that uping the minimum wage increases employment. More people with money (that they earned as opposed to those, stock market etc, that bet on workers productivity ) means more sales and therefore more jobs to produce those goods.
Workers create value.
The bankers and stock market create nothing of value.
As the old proverb says, if it wasnt for the poor the rich would have to eat their money.

Works for us. Australia has the highest minimum wage in the world. Unemployment rate is favourable with countries such as the USA.

[bobevenson]

Obviously, neither of you knows anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

[Ginkgo]

Obviously, neither of you know anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

It might be a misallocation of resources but high minimum wages have not caused high unemployment in this country. Maybe your country is different.

[bobevenson]

Obviously, neither of you know anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

It might be a misallocation of resources but high minimum wages have not caused high unemployment in this country. Maybe your country is different.

I guess that you're saying is that Australians are dumber than other people, that when the cost of labor goes up, employers can't figure out that they can discriminate against the least skilled, or figure out how to get more work out of the people they already have, or figure out that buying another machine will cut their labor costs.

[Ginkgo]

Obviously, neither of you know anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

It might be a misallocation of resources but high minimum wages have not caused high unemployment in this country. Maybe your country is different.

I guess that you're saying is that Australians are dumber than other people, that when the cost of labor goes up, employers can't figure out that they can discriminate against the least skilled, or figure out how to get more work out of the people they already have, or figure out that buying another machine will cut their labor costs.

No. I'm not actually saying that.

[raw_thought]

Obviously, neither of you knows anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

We have all the facts. You only state your opinion.
Are all the economists faking data???

[raw_thought]

A misallocation? Those that create material wealth should not be compensated as much as those that do not (banks, wall street simply bet on the productivity of others)????
I believe in the work ethic. You obviously believe in the gambling ethic.

[bobevenson]

Obviously, neither of you knows anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

We have all the facts. You only state your opinion.
Are all the economists faking data???

Just go to any Economics 1A textbook, and you will find out that minimum wage throws people out of work, no ifs, ands or buts! Please don't give your opinion on something you have absolute no knowledge of. P.S. Let me know any economist who disagrees with what I said, and I'll show you an economist who should tear up his degree and find another line of work.

[bobevenson]

A misallocation? Those that create material wealth should not be compensated as much as those that do not (banks, wall street simply bet on the productivity of others)????
I believe in the work ethic. You obviously believe in the gambling ethic.

Unfortunately, you don't understand what "misallocation of resources" means. It means that when employers feel that labor is too expensive, they will seek to minimize costs by replacing labor with capital goods.

[raw_thought]

Hmmm..So they will replace labour with capital goods (tractors, trains,semi trucks etc). Hmmm so how do they increase capital goods without increasing labor? Who makes the trucks etc?

[raw_thought]

Obviously, neither of you knows anything about economics. 1+1=2 whether you live in Australia or the United States. Besides causing unemployment, minimum wage represents a misallocation of resources.

We have all the facts. You only state your opinion.
Are all the economists faking data???

Just go to any Economics 1A textbook, and you will find out that minimum wage throws people out of work, no ifs, ands or buts! Please don't give your opinion on something you have absolute no knowledge of. P.S. Let me know any economist who disagrees with what I said, and I'll show you an economist who should tear up his degree and find another line of work.

It is common knowledge that raising the minimum wage increases employment. More money means more people spending money. More money being spent means more goods must be manufactured.
Anyway, I am on a tablet. But I will give sites,so that you will be educated on basic economics.

[bobevenson]

It is common knowledge that raising the minimum wage increases employment. More money means more people spending money. More money being spent means more goods must be manufactured. Anyway, I am on a tablet. But I will give sites,so that you will be educated on basic economics.

My friend, you don't know shit about economics, but the sad thing is that you think you do. I don't believe you're in the position to teach anybody about anything, much less economics.