Economics: Minimum Wage, Who Gets Hurt?

[The Conservative]

IT one of those jobs that the less you work the more you are worth. For the less that breaks under your watch means people can keep making money.

Only if you suck at it.

If shit keeps on breaking, you aren’t doing your job right. The point of IT is to not be seen or heard.

[SuburbanFarmer]

Creating more value than cost is the entire point of any economic system.

Have you forgotten that the basis for SubhumanFarmer's worldview is that the amount of wealth is constant and that value can't be added to something by labor? It's all a zero-sum game about exploiters and exploited. Kindergarten marxism.

Well that’s a pretty solid misrepresentation. Good job.

[SuburbanFarmer]

I don't see it tracked/charted anywhere,

Currently, we're at the far end of the exploitation spectrum.

99% of wealth owned by .1% of population. May be relevant.

Higher wealth and income disparity than the Gilded Age. No biggie.

[The Conservative]

I don't see it tracked/charted anywhere,

Currently, we're at the far end of the exploitation spectrum.

99% of wealth owned by .1% of population. May be relevant.

And you'd be wrong (again)

the richest 1% own around 50% of the world's wealth... but you do you.

[SuburbanFarmer]

99% of wealth owned by .1% of population. May be relevant.

And you'd be wrong (again)

the richest 1% own around 50% of the world's wealth... but you do you.

Stay on task. Discussing the US economy atm.

But global disparity is also at incredi-highs.

[DBTrek]

The reliable Marxist “wealth disparity” bullshit.
As if wealth is a public common to which everyone is entitled an equal portion.

You want more wealth, take the necessary steps required to earn it instead of trying to gather a mob to steal it.

[PartyOf5]

IT one of those jobs that the less you work the more you are worth. For the less that breaks under your watch means people can keep making money.

Only if you suck at it.

If shit keeps on breaking, you aren’t doing your job right. The point of IT is to not be seen or heard.

I took your original comment as saying "don't touch anything and you won't break it".

[Speaker to Animals]

Nobody is going to hire you if you do not at least produce what it costs to hire you, and you are not going to be able to compete against people who endeavor to produce more than their cost.

It's like people don't know how markets work. Do you feel like paying for some product or service you perceive will provide you with utility that does not meet or exceed the price?

[PartyOf5]

Stay on task. Discussing the US economy atm.

Ok, let's stick to the US. A country were 95% of it's citizens have a cellphone. Where 94% have access to high speed internet. A country so bad that thousands of people are rushing across it's southern border illegally every day for a chance to live there.

Yeah, most CEOs make more than you and I think they deserve. I also think most pro athletes make more than they deserve, but us proles keep buying tickets, jerseys and other merchandise that makes spending $400 million on one guy worth it to them. Some of this is our own doing. Some of it is luck. Some is lies and thievery. That is life, and condoning Socialism is not going to make things better for us in the long run.

[heydaralon]

All theorizing aside, I have asked people on here to give me money on here more than once and got nada. If the folks in America are as selfish as you all then we'll never get socialism done right.