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Thread: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recession

  1. #321
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by US Conservative View Post
    I never said they did were equivocal. I recommend you open a book and get reading. And not another comic book, this info is freely available, but like I said about horses...
    You know, for a guy hell bent on belittling the intelligence of others, you are making a LOT of logical fallacies and mistakes in this debate. In addition, you are offering very little, if any, substance, to your responses.



    Again, why are you here?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  2. #322
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by US Conservative View Post
    Ah but I at least I get you to realize that changing the cost of labor can be harmful, which was my intent.
    It can be harmful, yes. It can also be helpful.

    Kinda like taxation and government spending. A little is helpful, heaps can be harmful.

    that's why I mentioned that there is a range which is most likely to include the maximizing amount.

    Now that we have established that, explain why this phenomenon ceases at the minimum wage.
    If we had no taxes, and no government revenue, and no government spending, and thus no military, do you think that would be helpful in us maintaining our sovereignty?

    Maybe you should look up "the fallacy of the excluded middle"
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  3. #323
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by Henrin View Post
    It is to their interest to employ people. Sure, it is also to their interest to speed up production, but if everyone followed lego and completely replaced everyone with machines there would be no such thing as industry. The only reason lego is able to survive is because there is industries out there that didn't follow them into the suicide chamber.
    Dang-it. Now I am going to have to read-up on Lego.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #324
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by Henrin View Post
    One company automating their entire business is somewhat logical since other industries will hold them up, but as more and more industries do it the returns to the strategy will decrease to the point that it is self defeating. Automation should after a certain threshold is reached defeat itself.
    Why wouldn't it be logical to assume that if they can do it, and it's profitable for them to do so, that others wouldn't follow?


    Seems ILLOGICAL to assume anything else, really. I mean, to assume that, you have to assume that other businesses would NOT follow, would NOT increase profitability, just to keep lego afloat.


    Which of these statements seems least logical to you?
    Last edited by KevinKohler; 12-16-14 at 05:52 PM. Reason: damn typos
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  5. #325
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by US Conservative View Post
    I think you are more a utopian guy, facts be damned.
    Should perfection not be a goal for us all? Should I NOT strive to achieve and live in a utopian society? Are you saying you DON'T want the best for your fellow man, that you DON'T strive for a utopian society, whatever that means to you?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  6. #326
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by KevinKohler View Post
    So you admit that reducing the cost of labor can be harmful? I feel like we are getting somewhere, lol.
    Actually, my claim was the precise opposite. Books, look into them.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by Henrin View Post
    One company automating their entire business is somewhat logical since other industries will hold them up, but as more and more industries do it the returns to the strategy will decrease to the point that it is self defeating. Automation should after a certain threshold is reached defeat itself.
    Even before you got to that point the cost of tech support, upgrades, and licensing fees would probably make it largely self-defeating compared to what the cost of labor would become as more and more workers become available.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by KevinKohler View Post
    Why wouldn't it be logical to assume that if they can do it, and it's profitable for them to do so, that others will follow?


    Seems ILLOGICAL to assume anything else, really. I mean, to assume that, you have to assume that other businesses would NOT follow, would NOT increase profitability, just to keep lego afloat.


    Which of these statements seems least logical to you?
    Even if industry follows Lego's model in time the executives would notice their profits decreasing and be forced to switch business plans.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by KevinKohler View Post
    You know, for a guy hell bent on belittling the intelligence of others, you are making a LOT of logical fallacies and mistakes in this debate. In addition, you are offering very little, if any, substance, to your responses.



    Again, why are you here?
    I just offered you several links to Mises after YOU mentioned him, and you didn't read one.

  10. #330
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by cpwill View Post
    That seems, on its face, to be so wildly inaccurate, that I can only assume you have a more complex argument that you are using this as a shorthand for.
    Why does it seem so wildly inaccurate?

    Are you saying firms do not have wage making power?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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