"If minimum wage goes up, the price of everything goes up."

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TheReal_ND
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Re: "If minimum wage goes up, the price of everything goes up."

Post by TheReal_ND » Fri Jun 02, 2017 4:08 pm

If you work minimum wage you are
A) In school or
B) a retard

Don't even fucking waste your life like that

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Fife
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Re: "If minimum wage goes up, the price of everything goes up."

Post by Fife » Fri Jun 02, 2017 4:20 pm

jediuser598 wrote:I don't think you're against a minimum wage, it's just where's the price at which we set it?
where "we" set it

Where do "we" set the price of cheeseburgers?

Where do "we" set the price of pedicures?



I've been pretty busy all day... it's glad to see that some of you oldies can still tee off when an OP is set up nice and pretty for you.

Rock on! :goteam: :drunk:

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jediuser598
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Re: "If minimum wage goes up, the price of everything goes up."

Post by jediuser598 » Fri Jun 02, 2017 4:27 pm

Fife wrote:
jediuser598 wrote:I don't think you're against a minimum wage, it's just where's the price at which we set it?
where "we" set it

Where do "we" set the price of cheeseburgers?

Where do "we" set the price of pedicures?



I've been pretty busy all day... it's glad to see that some of you oldies can still tee off when an OP is set up nice and pretty for you.

Rock on! :goteam: :drunk:
Fife, you have to pay taxes. That's just how things are.
Thy praise or dispraise is to me alike:
One doth not stroke me, nor the other strike.
-Ben Johnson

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Fife
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Re: "If minimum wage goes up, the price of everything goes up."

Post by Fife » Fri Jun 02, 2017 4:48 pm

Non sequitur.

If you want to talk about taxes, that's cool with me.

So far we've been talking about price controls in this one.

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jediuser598
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Re: "If minimum wage goes up, the price of everything goes up."

Post by jediuser598 » Fri Jun 02, 2017 5:04 pm

Fife wrote:Non sequitur.

If you want to talk about taxes, that's cool with me.

So far we've been talking about price controls in this one.
It's more of a comment on the libertarian stack.

Are you for a minimum wage at all?

If not, trying to discuss where it should be set at would be a waste of time.
Thy praise or dispraise is to me alike:
One doth not stroke me, nor the other strike.
-Ben Johnson

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Speaker to Animals
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Re: "If minimum wage goes up, the price of everything goes up."

Post by Speaker to Animals » Fri Jun 02, 2017 5:05 pm

Fife wrote:
jediuser598 wrote:I don't think you're against a minimum wage, it's just where's the price at which we set it?
where "we" set it

Where do "we" set the price of cheeseburgers?

Where do "we" set the price of pedicures?



I've been pretty busy all day... it's glad to see that some of you oldies can still tee off when an OP is set up nice and pretty for you.

Rock on! :goteam: :drunk:

Cheeseburgers should be $0.05.

Minimum wage should be $29.99 / hour.

Human rights and global warming. Gibs us.

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TheReal_ND
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Re: "If minimum wage goes up, the price of everything goes up."

Post by TheReal_ND » Fri Jun 02, 2017 5:08 pm

We need to think of the climate refugees. It's literally our fault so we have to take them all and take care of them.

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jediuser598
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Re: "If minimum wage goes up, the price of everything goes up."

Post by jediuser598 » Fri Jun 02, 2017 5:08 pm

Speaker to Animals wrote:
Fife wrote:
jediuser598 wrote:I don't think you're against a minimum wage, it's just where's the price at which we set it?
where "we" set it

Where do "we" set the price of cheeseburgers?

Where do "we" set the price of pedicures?



I've been pretty busy all day... it's glad to see that some of you oldies can still tee off when an OP is set up nice and pretty for you.

Rock on! :goteam: :drunk:

Cheeseburgers should be $0.05.

Minimum wage should be $29.99 / hour.
Might be illegal:
Q: The gas station down the street offers a discount program that gives members cents off every gallon purchased. I can't match those prices because they are below my costs. If I try to compete at those prices, I will go out of business. Isn't this illegal?

A: Pricing below a competitor's costs occurs in many competitive markets and generally does not violate the antitrust laws. Sometimes the low-pricing firm is simply more efficient. Pricing below your own costs is also not a violation of the law unless it is part of a strategy to eliminate competitors, and when that strategy has a dangerous probability of creating a monopoly for the discounting firm so that it can raise prices far into the future and recoup its losses. In markets with a large number of sellers, such as gasoline retailing, it is unlikely that one company could price below cost long enough to drive out a significant number of rivals and attain a dominant position.
https://www.ftc.gov/tips-advice/competi ... below-cost
Thy praise or dispraise is to me alike:
One doth not stroke me, nor the other strike.
-Ben Johnson

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Speaker to Animals
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Re: "If minimum wage goes up, the price of everything goes up."

Post by Speaker to Animals » Fri Jun 02, 2017 5:10 pm

It's generally legal, but doing it will trigger an anti-trust investigation that could get your monopoly broken up.

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Ex-California
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Re: "If minimum wage goes up, the price of everything goes up."

Post by Ex-California » Fri Jun 02, 2017 6:23 pm

jediuser598 wrote:
DBTrek wrote:There already is no debate.

"This carton of milk isn't more expensive (one pic, no time stamp, no comparison to the earlier cost of the item, a sample size of one item) therefore raisin minimum wage doesn't affect prices" is not an argument.

It's an easily dismissed claim, which has been dismissed. I'm good with stopping right here, as the chicanery being employed has been adequately refuted.
Valid criticisms, let me reply with these questions:

What is the price of milk where you live currently?

Let us go for more than one price.
Image

I'll list what the following items are in a second, but that's just showing what I recently spent at the local grocery store on food. A basket of goods, which other users can compare to their prices at their local grocery stores.
Grocery stores are not a good indicator of wage-caused inflation as their employees are usually union and have higher-than-minimum wage wages already and most food products are subsidized in one way or another
No man's life, liberty, or property are safe while the legislature is in session