So I was walking to work the other day when a man approached me...

[Kuciwalker]

Yes, well, the people of that state also thought that having Bush as president would be beneficial, that's why they voted for him. So what?

[Ted Striker]

Originally posted by Kuciwalker


In the real world it just redistributes stuff, it doesn't create new stuff.

In fact, it can actually decrease growth, because money in a capitalist's bank account is more likely to be used in the creation of new capital.

Poor people are "non capitalists"?

[Ted Striker]

Originally posted by Kuciwalker
Yes, well, the people of that state also thought that having Bush as president would be beneficial, that's why they voted for him. So what?

We could say that people of Florida:

1) Chose smart economics

2) Chose a bad President


The point is that there are many states that have decided that the Federal minimum wage does not make sense to them.

[Ted Striker]

Originally posted by Agathon

Markets treat labor as just another commodity, but it isn't. People generally don't decide to have children based on the economy 20 years hence, and there aren't landfills of surplus and "decomissioned" young people. People aren't born, and don't die when it suits the market.

Exactly. People are not robots with preprogrammed equillibrium charts.

[Kuciwalker]

Originally posted by Ted Striker
We could say that people of Florida:

1) Chose smart economics

2) Chose a bad President

Or you could say they chose stupid economics and a bad president, or stupid economics and a good president, or smart economics and a good president. So what?

The point is that there are many states that have decided that the Federal minimum wage does not make sense to them.

So what? Many states haven't. What's the point of all this?

[Ted Striker]

What a dodger!

Many areas need a higher minimum wage because of cost of living. West Coast states are like this. Raising the wage here makes sense.

Why Florida chose it I don't know. I don't know what the cost of living is there. The point is that they have say over what their wage is. They instituted it because people felt there was a need for it. They went above and beyond what the Federal government already had done. More and more states are doing it, like Florida last year.


By the way, do you support the minimum wage or not? (5th time I've asked).

Man up!

[Sikander]

Originally posted by JimmyCracksCorn

Which means its $5.15 per hour. When state is lower than federal, federal is the law. When state is higher than federal, state is the law.

Hold up, Israel isn't a (U.S.) state yet.

[Sikander]

Originally posted by BlackCat
Living in a country that has sparse natural resources (sand, clay, chalk and a little drop of oil) except farming, then I must disagree.

Yoy are right that increasing wages unlimted does create inflation, but reasonable and controlled increases doesn't. They create demands that creates new work wich etc...

That might be true. Or it might be true that the money actually creates more growth when it is used by the capitalist overlords to increase productivity or shift resources to another part of the economy via investment. Economic activity is a complex system and thus can be extremely sensitive to the initial conditions.