Minimum/living wage

bomb #21

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There was a post in a Trump thread about "quality of jobs" ratios. I thought it was interesting but didn't belong there, since Trump hasn't been in office 2 years so it would be a stretch to "blame" him for that.

Anyway, here's the post ...
 

bomb #21

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It was subsequently suggested that "the solution" to 62% of jobs barely paying enough to live on is for (paraphrasing) individuals to educate/qualify themselves to improve their individual lots. My question about that is as follows ...
 

bomb #21

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How would (example) a million Americans suddenly/collectively deciding to improve themselves over the next couple years actually lead to an increase in the number of middle class/professional jobs?
 

bomb #21

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(it could be argued that the current occupant of the White House is sufficient proof that one doesn't need to be a genius to "get on" but that's a different matter - probably. Laters)
 

Johnny b

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'Nice' dodge on avoiding the concepts of capitalism and socialism.

BTW, 'minimum wage' and 'living wage' are different concepts.
 

bomb #21

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Hmm. 1, I'm not an idiot. 2, possibly LW is an "evolution" of MW. 3, do we need labels? Because "The National Living Wage (UK) was introduced by the Conservatives in April 2016".

If you don't feel like answering the question at #4, then you don't. :D
 

Johnny b

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Not interested in your rant to embrace socialism, bomb.

It simply doesn't work well as shown by extreme events in the old USSR and Yugoslavia.
There is a point where the concept of entitlements over runs the ability to pay for them, with out harming an economy. Economic socialism is simply too inefficient to be practical.

You can argue all you want, but economic socialism is a losing proposition even the Chinese voluntarily recognized and the Russians forced to (edit: ) abandon.

You are only arguing to be a loser :D
 
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bomb #21

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Riiight.

I'll just take that as "I don't have an answer".

...

"All our hourly paid people earn above the national minimum wage".

Who knew that McDonald's is a paragon of "socialism"? Bordering on communist, probably. :D
 

Johnny b

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Riiight.

I'll just take that as "I don't have an answer".
I gave you an answer but you just didn't like it :D

And so you blather on desperately Googling for statements of support that actually avoid the differences and application of economic theories.

History does not favor economic socialism.
And I gave examples ....and they were much larger in scope than the chain of restaurants
you provided :D ..... :rolleyes:


Now I know how Brexit must have occurred :D
 

Johnny b

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...................

Who knew that McDonald's is a paragon of "socialism"? Bordering on communist, probably. :D
And now others probably understand why I have little interest in your socialist rant ;)

'Twaddle' must be an English disease??


:D
 

Johnny b

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And as to socialist rants, few seem to realize that the left wingers don't own all the rights to the term, socialism.

Right wingers also have their angle in abusing capitalism.

It's called 'corporate socialism'.
This is where profits are privatized and losses are socialized.
In case some of our foreign members ( I'll let him remain nameless :rolleyes: :D ) don't remember, there was a world wide great recession a decade ago and it was related to corruption in the securities sector, and essentially the public held accountable for corporate losses through tax dollars supporting their recovery.
Many examples exist.

Anyone thinking solutions are as easy as legislating a living wage to bring prosperity is only fooling themselves. :cool:

An interesting read:

https://thehill.com/blogs/pundits-blog/economy-budget/268947-a-democracy-lost-to-corporate-socialism

As far as economic models go, the US has too much socialism and not enough capitalism.
 

bomb #21

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TBH I didn't expect one reply so - I'm "honored".

"I gave you an answer but not to the single, precise question you posed"

Fixed it for you. :)
 

bomb #21

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IDKY you keep referring to "rants". If I post 2 replies to your 3 would that be acceptable.

FTR you (from your comments) have no idea how Brexit "occurred". But you do give me an idea as to why Trump might be so popular in your country.
 

Brigham

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IDKY you keep referring to "rants". If I post 2 replies to your 3 would that be acceptable.

FTR you (from your comments) have no idea how Brexit "occurred". But you do give me an idea as to why Trump might be so popular in your country.
Hear hear!
 

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