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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    Please clarify what you mean by the following phrases: "simple poverty", "a form of minimum wage", and "and that form of market based metric".
    Ok. In the context of our discussion, which subscribes to the concept of employment at will; simple poverty is due to a lack of income that would otherwise be obtained in a more efficient market for labor operating at full employment.

    I use the term, minimum wage, to distinguish from a maximum wage, a median wage, and even an efficiency wage; for market based metrics and any subscription to rational choice (theory) under our form of Capitalism; the market based metric portion of the concept must be self-evident under any form of Capitalism but not truer forms of Socialism.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    Ok. In the context of our discussion, which subscribes to the concept of employment at will; simple poverty is due to a lack of income that would otherwise be obtained in a more efficient market for labor operating at full employment.
    Any form of poverty is due to lack of income.

    What is your definition of "simple poverty". As in, what living conditions do you consider "simple poverty", what income level, if any, etc.

    Quote Originally Posted by danielpalos View Post
    I use the term, minimum wage, to distinguish from a maximum wage, a median wage, and even an efficiency wage;
    "Minimum wage" is the state-mandated minimum wage for any job. As I understand it.

    Do you mean something else?

    Quote Originally Posted by danielpalos View Post
    for market based metrics and any subscription to rational choice (theory) under our form of Capitalism; the market based metric portion of the concept must be self-evident under any form of Capitalism but not truer forms of Socialism.
    I have no idea what you just said.
    Education.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    Any form of poverty is due to lack of income.

    What is your definition of "simple poverty". As in, what living conditions do you consider "simple poverty", what income level, if any, etc.
    simple poverty is due to a lack of income that would otherwise be obtained in a more efficient market for labor operating at full employment; a form of minimum wage could be used to simply compete with the private sector for labor by utilizing that form of metric in our market based economy.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    "Minimum wage" is the state-mandated minimum wage for any job. As I understand it.

    Do you mean something else?

    I have no idea what you just said.
    Yes, that is why I specified, a form of minimum wage, simply to counter that diversion.

    it helps if you understand the concepts, so you don't need to resort to diversion.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    simple poverty is due to a lack of income that would otherwise be obtained in a more efficient market for labor operating at full employment; a form of minimum wage could be used to simply compete with the private sector for labor by utilizing that form of metric in our market based economy.
    That's the cause.

    I wanted your definition.
    Education.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    Yes, that is why I specified, a form of minimum wage, simply to counter that diversion.

    it helps if you understand the concepts, so you don't need to resort to diversion.
    There was no diversion.

    That is my understanding of the term "minimum wage".

    If you're using a DIFFERENT definition, please explain it.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    That's the cause.

    I wanted your definition.
    That is the definition as well since it is more cost effective and I subscribe to supply side economics supplying us with better governance at lower cost.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by The Mark View Post
    There was no diversion.

    That is my understanding of the term "minimum wage".

    If you're using a DIFFERENT definition, please explain it.
    Yes, it would be a form of minimum wage for market based price information purposes.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    That is the definition as well since it is more cost effective and I subscribe to supply side economics supplying us with better governance at lower cost.
    I wanted your definition of "simple poverty".

    You gave me the cause of "simple poverty.

    cause =/= definition
    Education.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by danielpalos View Post
    Yes, it would be a form of minimum wage for market based price information purposes.
    That's not a definition. You can't define something with itself.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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