The Briefing Room
General Category => Economy/Business => Topic started by: ABX on January 16, 2016, 03:58:05 pm
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I thought economics was this guy's strong suit.
...As a party we speak a lot about deregulation and tax policy, and you know what? People have been hearing that for 25 years, and they're getting tired of that message," Romney said in a recent interview with the newspaper.
"I think we're nuts not to raise the minimum wage. I think, as a party, to say we're trying to help the middle class of America and the poor and not raise the minimum wage sends exactly the wrong signal."
Read Latest Breaking News from Newsmax.com http://www.newsmax.com/Headline/Mitt-Romney-GOP-Minimum-wage-Raise/2016/01/14/id/709448/#ixzz3xQJnwCb6
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:chairbang: Sure you globalist elite. Why not raise it to $500 a hour? That way I would only have to pay 1k for a cheese burger. :chairbang: Tell that to all those who just lost jobs this week at WalMart. I bet some of those stores closing had to give increase in min wage?
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Ididot!
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:chairbang: Sure you globalist elite. Why not raise it to $500 a hour? That way I would only have to pay 1k for a cheese burger. :chairbang: Tell that to all those who just lost jobs this week at WalMart. I bet some of those stores closing had to give increase in min wage?
:thumbsup:
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Pipe down, Mitt... before more people figure you out for the fraud that you are.
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How in the world did he get the GOP nomination?
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How in the world did he get the GOP nomination?
That is the reason he did....GOPe!
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Here you go Mitt. links to the ones you want to give min wage to.
Target Closing Stores: 13 Locations to Shutter in Midwest, West, South
http://www.newsmax.com/TheWire/targ...xzz3xElQCQ9r
Dunkin' Donuts Closing Stores; About 100 Locations to Shutter
http://www.newsmax.com/TheWire/dunk...2/id/694389/
Another:
J.C. Penney closing 7 stores in smaller markets
http://bizbeatblog.dallasnews.com/2...arkets.html/
Reply
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When was the last time the minimum wage was raised? A small increase is probably not totally unreasonable.
Small, medium, or large, it's still stupid!
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I disagree.
That's fine. I'm OK with you doing that.
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TR, where does any level of government in the US get the authority to dictate wages?
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Many states like mine have enacted a higher minimum wage than the federal govt.
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Many states like mine have enacted a higher minimum wage than the federal govt.
Likewise here and some individual cities on the West Side, like Seattle, seek to raise it to $15/hr, as has already been done in SeaTac where the international airport and lots of hotels are.
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TR, where does any level of government in the US get the authority to dictate wages?
States have authority to do whatever they want provided it is not already defined by the US Constitution as a federal power.
California has environmental requirements often in excess of the federal regs. Auto emissions are an example.
States have local driving license and marriage license requirements.
The flip side is" Where is it written that states can NOT set minimum wages, or poultry inspection standards, or water quality standards?
I am not supporting all this, but it is pretty longstanding in practice, which by itself becomes a component of law.
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Likewise here and some individual cities on the West Side, like Seattle, seek to raise it to $15/hr, as has already been done in SeaTac where the international airport and lots of hotels are.
And they have seen the result!
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States have authority to do whatever they want provided it is not already defined by the US Constitution as a federal power.
Whatever they want? That strikes me as a bit of an overstatement.
But be that is it may, I still question governments at any level have the legal authority, other than assumed de facto powers, to set wages. In fact the first attempts in this country to establish minimum wages on the state level was declared unConstitutional in the early part of the 1900s. But then along came the New Deal and in 1933 we got the first federal minimum wage which was once again declared unConstitutional, then reinstated for good in 1938.
From this poisoned root came all the minimum wage laws which followed as governments everywhere, state and local, decided under force of law to establish wage policies for everyone under their authority. The whole concept is divorced from any sense of property rights and economic realities in favor of pandering to the electorate and, as usual, soliciting votes for themselves.
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Yes. Whatever they want, subject only to the Constitution. That is what the police power is.
Indeed. Care to show me where the Constitution says anything about wages? Yes, you can bend and warp the Commerce clause all to your heart's content, but how is it no one recognized the power of the Feds to establish wages of any kind prior to 1938, especially since that very power had twice already been declared unConstitutional?
TR, you seem like a reasonably intelligent fellow, but apparently you do not recognize your position would allow government to do ANYTHING it wishes so long as 5 SC justices say it can. I hate to tell you this but that is a prescription for despotism.
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How about clean water, safe food ?
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How about clean water, safe food ?
What about them? That is not what we are talking about?
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The minimum wage does not help the middle class. It helps create a permanent underclass by cutting off the first rung of the ladder out.
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The minimum wage does not help the middle class. It helps create a permanent underclass by cutting off the first rung of the ladder out.
It also helps union thugs who's wage contracts are tied to the minimum wage! THAT is what this is all about and nothing more!
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As far as the states are concerned, anything is allowed that is not prohibited. The states were full independent sovereigns prior to ratifying the Constitution and they retain all the powers of sovereignty that they did not give up. The Constitution does not prohibit the states from regulating wages, therefore they can regulate wages.
Perhaps, but I'd like to see a state legislature pass a state minimum wage below the federal one, and see what happens. Supremacy clause issue?
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Then your statement, "The Constitution does not prohibit the states from regulating wages, therefore they can regulate wages," is conditional.
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The states from their natural police powers - the power every sovereign has to regulate what happens inside its borders. The federal government from the commerce clause of the Constitution.
No, sovereignty resides in the individual. By adopting the Constitution, we gave up a small amount of sovereignty to the Federal Government. SMALL.
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The minimum wage does not help the middle class. It helps create a permanent underclass by cutting off the first rung of the ladder out.
Can you Cliff Notes the reasoning please?
I'm not doubting you in the slightest - I simply have an almost complete mental block when it comes to economics. :shrug:
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Can you Cliff Notes the reasoning please?
I'm not doubting you in the slightest - I simply have an almost complete mental block when it comes to economics. :shrug:
It's easy EC.... If you still have checks, your not broke... :)
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It also helps union thugs who's wage contracts are tied to the minimum wage! THAT is what this is all about and nothing more!
Agreed.
It is also an unConstitutional application of government power.
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Can you Cliff Notes the reasoning please?
I'm not doubting you in the slightest - I simply have an almost complete mental block when it comes to economics. :shrug:
It prices the very people its supposed to help out of getting that first job and thus the ability to develop skills that would make their labor ever more valuable.
The cuts off the first rung of the ladder analogy made above is very appropriate because if you can't get to the first rung the rest of the ladder is worthless.
And that is but one of a great many detrimental effects.
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It prices the very people its supposed to help out of getting that first job and thus the ability to develop skills that would make their labor ever more valuable.
The cuts off the first rung of the ladder analogy made above is very appropriate because if you can't get to the first rung the rest of the ladder is worthless.
And that is but one of a great many detrimental effects.
exactly..
Most of these jobs are in the $10 per hour bracket so a 50% increase in costs to the company has to be made up somewhere, either raising prices or reducing staff or hours.
Couple a min wage hike with the obamacare requirements that anyone that works over something like 30 hours per week must have medical coverage, the company simply reduces hours.
A lot of the younger people I know, including my own kids cannot make enough money from a job to pay rent on a simple apartment because the employers will not let them work more than 20/25 hours per week.
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Can you Cliff Notes the reasoning please?
I'm not doubting you in the slightest - I simply have an almost complete mental block when it comes to economics. :shrug:
http://www.youtube.com/watch?v=ca8Z__o52sk (http://www.youtube.com/watch?v=ca8Z__o52sk)
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http://www.youtube.com/watch?v=ca8Z__o52sk (http://www.youtube.com/watch?v=ca8Z__o52sk)
Great response.