fonewear said: »
Yea but that chart is so convincing I mean it had numbers and lines.
If it were a pie chart I would believe it no matter what.
If it were a pie chart I would believe it no matter what.
Seattle Enacts $15 Minimum Wage
Seattle enacts $15 minimum wage
What's that productivity measured in again?
Does the Huffpost graph even differentiate between the productivity increases of highly automated jobs versus low-skill/manual labor jobs? Or does it just roll everything into one because that's the narrative they want?
[+]
I'm waiting for our economist (economancer as some people call her) to come and tell us that chart is right because she says so.
Asura.Kingnobody said: »
I'm waiting for our economist (economancer as some people call her) to come and tell us that chart is right because she says so.
Off topic but I'm reading the harrowing tale of a woman that didn't use her smartphone for 31 days.
Poor thing. What a heroing tale.
[+]
In the context of the Forbe article, wouldn't a high minimum wage that is absorbed by reducing benefits help conservative and financial types more anyway?
With no significant net loss on their end by balancing through benefit reduction, they'd be injecting more liquid assets into the local economy, which would probably come back to them in some way.
With no significant net loss on their end by balancing through benefit reduction, they'd be injecting more liquid assets into the local economy, which would probably come back to them in some way.
I don't know how the economy works that is why I elect politicians that...don't know how the economy works.
[+]
Leviathan.Chaosx said: »
fonewear said: »
Yea but that chart is so convincing I mean it had numbers and lines.
If it were a pie chart I would believe it no matter what.
If it were a pie chart I would believe it no matter what.
To put it simply, like this:
In 1968 Employee X produced 100 wigits.
In 1969 Employee X produced 101 wigits.
.
.
.
In 2011 Employee X produced 205,313 wigits.
In 2012 Employee X produced 213,552 wigits.
Absolutely no regards to the fact that in 1973, there was a newer, better machine that helped double production for Employee X that year alone, or a new procedure that reduced defects by 49% was implemented in 1988, or an even better machine that helped triple production for Employee X in 1992.
This chart only assumes that Employee X is getting better because they are awesome like that. In other words, no basis in reality. Which is Huffington Post Material.
Odin.Zicdeh said: »
In the context of the Forbe article, wouldn't a high minimum wage that is absorbed by reducing benefits help conservative and financial types more anyway?
Odin.Zicdeh said: »
With no significant net loss on their end by balancing through benefit reduction, they'd be injecting more liquid assets into the local economy, which would probably come back to them in some way.
I always measure my productivity in widgets.
Leviathan.Chaosx said: »
I always measure my productivity in widgets.
You can't use it without express permission and baby sacrifices beforehand.
Wigits are the buzzword now (barely escape copyright laws).
[+]
Leviathan.Chaosx said: »
I always measure my productivity in widgets.
I measure it in time spent "not watching porn".
[+]
Asura.Kingnobody said: »
Leviathan.Chaosx said: »
I always measure my productivity in widgets.
You can't use it without express permission and baby sacrifices beforehand.
Wigits are the buzzword now (barely escape copyright laws).
[+]
[+]
fonewear said: »
That chart is amazing though. I can't read so it works for me.
While I agree that minimum wage should be raised to maybe $10 an hour, I think any more would be counter productive and end up hurting more Americans than helping. Just look at the 70s when minimum wage more than doubled. During this time both the top and bottom 10% saw around the same 13% income growth, the entire bottom half only saw a 3% increase in mean income that decade.
Also the productivity increase is not because workers have become more productive or are working harder, but because of capital investment in new technology and process improvement. The best steps to organically increase minimum wage is stop the influx of low wage laborers spilling across the border and fine any businesses that hire people not legally able to work in the country. They reason they are called job Americans don't want to do is because the businesses can get away with paying un-American wages.
[+]
Asura.Kingnobody said: »
Odin.Zicdeh said: »
In the context of the Forbe article, wouldn't a high minimum wage that is absorbed by reducing benefits help conservative and financial types more anyway?
Odin.Zicdeh said: »
With no significant net loss on their end by balancing through benefit reduction, they'd be injecting more liquid assets into the local economy, which would probably come back to them in some way.
Well then the dude on Forbes is just lying? I personally think you are just grossly overestimating the foresight of people. Just think of how many people buy Lottery Tickets.
driderk said: »
They reason they are called job Americans don't want to do is because the businesses can get away with paying un-American wages.
Define what is an "American wage" and what is an "Unamerican Wage"
Odin.Zicdeh said: »
Well then the dude on Forbes is just lying? I personally think you are just grossly overestimating the foresight of people.
You know, the one's who run successful businesses day-to-day.
The ones who determine who has a job or not. The ones who want to retain their best employees and not lose them for somebody who promises them better but doesn't produce. The ones who make the actual decision.
Asura.Kingnobody said: »
Odin.Zicdeh said: »
Well then the dude on Forbes is just lying? I personally think you are just grossly overestimating the foresight of people.
You know, the one's who run successful businesses day-to-day.
With or without bailouts?
Odin.Zicdeh said: »
Asura.Kingnobody said: »
Odin.Zicdeh said: »
Well then the dude on Forbes is just lying? I personally think you are just grossly overestimating the foresight of people.
You know, the one's who run successful businesses day-to-day.
With or without bailouts?
That is why I said "successful businesses"
Unions are pretty much killing any industry that is required to produce a product to stay alive. Unions in service or governmental sectors aren't affected much by productivity because the need for the service still needs to be there, the costs can be offset by higher prices more easily. Not by those who require a product and have direct competition by domestic and foreign sources.
AKA GM and Ford.
I'm not particularly pro-union myself to be honest. They were a bad solution to a really bad problem.
[+]
Odin.Zicdeh said: »
I'm not particularly pro-union myself to be honest. They were a bad solution to a really bad problem.
Now that it is mandated by law, they have outlived their usefulness more than anything. Now it is a corrupt system that relies on an even more corrupt administration to continue to leech off of other people's work.
I'm in the FFXIAH union. We get one free shout out for every 3,000 posts.
[+]
Asura.Kingnobody said: »
driderk said: »
They reason they are called job Americans don't want to do is because the businesses can get away with paying un-American wages.
Define what is an "American wage" and what is an "Unamerican Wage"
Maybe not the best terminology, but by Unamerican wage I meant the result of the bridging of central or South American economies, or really any weaker economy. The millions of illegal immigrants who work in this country under the table are part of the labor market regardless of legal status. Companies pay them minimum wage or lower because that is better than what their home countries offer and they will gladly accept it. Had they never entered the labor pool, those same companies would be forced to pay a much fairer wage to the smaller legal labor pool or an American wage.
driderk said: »
Companies pay them minimum wage or lower
driderk said: »
Had they never entered the labor pool, those same companies would be forced to pay a much fairer wage to the smaller legal labor pool or an American wage.
Asura.Kingnobody said: »
Odin.Zicdeh said: »
I'm not particularly pro-union myself to be honest. They were a bad solution to a really bad problem.
Now that it is mandated by law, they have outlived their usefulness more than anything. Now it is a corrupt system that relies on an even more corrupt administration to continue to leech off of other people's work.
[+]
Are there really people here that would rather work for min wage in the 68' vs working for one today? I seriously want to know. no cable, nothing but that awful hippie music, no video games, no internet, etc....
Seriously, aren't we all better of because of globalization despite the increased competition driving down unskilled labor?
Seriously, aren't we all better of because of globalization despite the increased competition driving down unskilled labor?
[+]
Forbes said:
Imagine that you were a college graduate having to do some basic work to make ends meet while you were waiting for that career opening. If you’re going to get $7.25 outside Seattle and $15 inside it you’d probably be willing to make the trip each day to earn that extra. Of course, as a high school graduate you would too. But now think of yourself as the employer. You’ve got the choice of a college graduate or a high school graduate, both willing to do the same job at the same price. Who are you going to hire? Logically, the higher grade worker, that college grad.
This paragraph points out the weakness in the Forbes reasoning. It isn't the worst breach of logic in the article, just the easiest to refute.
All FFXI content and images © 2002-2024 SQUARE ENIX CO., LTD. FINAL
FANTASY is a registered trademark of Square Enix Co., Ltd.