Page 25 of 45 FirstFirst ... 15232425262735 ... LastLast
Results 241 to 250 of 441

Thread: Warren Buffett: $15 minimum wage will hurt the working class

  1. #241
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:12 PM
    Gender
    Lean
    Independent
    Posts
    23,114

    Re: Warren Buffett: $15 minimum wage will hurt the working class

    Quote Originally Posted by buck View Post
    Right, causing more labor supply and decreasing wages... or welfare is not a subsidy to employers.

    It is clear you dont understand, as i never made any such claim.
    I'll admit it when I am wrong, and I may have been wrong. I just looked back, and never did you actually advocate for welfare.

    However you did point express an opinion about the results of welfare which would tend to sound like it is good for our economy, or at least good for the welfare receipent - which is why I supposed I assumed you supported welfare.
    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.

  2. #242
    Sage

    Join Date
    May 2009
    Location
    USA
    Last Seen
    Yesterday @ 03:16 PM
    Gender
    Lean
    Conservative
    Posts
    9,664

    Re: Warren Buffett: $15 minimum wage will hurt the working class

    Quote Originally Posted by imagep View Post
    However you did point express an opinion about the results of welfare which would tend to sound like it is good for our economy, or at least good for the welfare receipent - which is why I supposed I assumed you supported welfare.
    Thank you for admitting you were wrong. I was simply informing you what the economist who is seen as one of the big experts on the subject indicated and that is that welfare is not a subsidy to corporations. I understand you do not agree with him.

    But, in short, if the types of jobs that are MW jobs disappeared, welfare costs would go up, not down as would occur if it were a subsidy to employers. If welfare increased, it would put upward pressure on wages, not down as would be required for it to be a subsidy to employers.

    But, no. I do not believe we should increase welfare. I would actually like to see some decrease in what is currently offered but certainly not elimination of all.

  3. #243
    Professor
    GhostlyJoe's Avatar
    Join Date
    Nov 2009
    Location
    here
    Last Seen
    Today @ 10:59 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    2,173

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Fletch View Post
    Are you 16? Is that the problem? A pilot is objectively better trained and better educated and better prepared to handle almost any life situation than a 16 year old would be. It is impossible to pretend otherwise.
    BECAUSE he is better educated, better trained, has a higher skill level and more experience. Which is the point. Income is a measure of value. Something that is, again, impossible to pretend otherwise.
    Training, skill set and education are only one way people gain leverage for economic gain. But it's not the only or even the most lucrative way. It's good advice to encourage any individual to improve his or her skill set, but it's not a cure for systemic obstacles.

  4. #244
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:12 PM
    Gender
    Lean
    Independent
    Posts
    23,114

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by GhostlyJoe View Post
    Training, skill set and education are only one way people gain leverage for economic gain. But it's not the only or even the most lucrative way. It's good advice to encourage any individual to improve his or her skill set, but it's not a cure for systemic obstacles.
    Sucking up to the boss can help also. Or being willing to move to an area that is in a high need of workers, like North Dakota was a year ago.

    Illegal activity is a great way to increase negotiating power. Look what it did for Madeoff (for the 20 years before he was caught).
    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.

  5. #245
    Professor
    GhostlyJoe's Avatar
    Join Date
    Nov 2009
    Location
    here
    Last Seen
    Today @ 10:59 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    2,173

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by imagep View Post
    Sucking up to the boss can help also. Or being willing to move to an area that is in a high need of workers, like North Dakota was a year ago.

    Illegal activity is a great way to increase negotiating power. Look what it did for Madeoff (for the 20 years before he was caught).
    And, of course, he biggest help is having well-placed friends and relatives.

  6. #246
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 11:12 PM
    Gender
    Lean
    Independent
    Posts
    23,114

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by GhostlyJoe View Post
    And, of course, he biggest help is having well-placed friends and relatives.
    Geesh, I can't believe I forgot that one.
    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.

  7. #247
    Sage
    Fletch's Avatar
    Join Date
    Feb 2012
    Location
    Mentor Ohio
    Last Seen
    Today @ 07:13 PM
    Gender
    Lean
    Libertarian
    Posts
    11,911

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by imagep View Post
    If that ends up being the case, then so what? Either his wages will increase, or not, either way, he is no worse off.
    So what??? What kind of response is that?? You claim to have employees. Do you honestly think they will feel no worse off when an entry level, unskilled position pays them as much as your skilled position pays them? What the hell are you thinking??
    Lots of highly skilled people make low wages. Like musicians, who often can only find "free" work, or who only get paid tips. But they still do it, because they love to.
    So your concern is only for the relative few who make minimum and not the vast majority of employees who will see the value of their labor vanish. Brilliant.

  8. #248
    Sage
    Fletch's Avatar
    Join Date
    Feb 2012
    Location
    Mentor Ohio
    Last Seen
    Today @ 07:13 PM
    Gender
    Lean
    Libertarian
    Posts
    11,911

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Deuce View Post
    I'd be making the same amount of money while still doing something I enjoy. As an added benefit, a much larger percentage of the population would be able to afford my services, so likely I'm going to have to expand my business and hire more people.

    Terrifying.
    What is terrifying is how mindless a statement that is. By that 'reasoning' why not scrap the minimum wage and just have a state mandated wage that is the same for every job. A doctor makes the same as an entry level burger flipper. An airline pilot makes the same as a coffee barista at Starbucks. Brilliant.

  9. #249
    Sage
    Fletch's Avatar
    Join Date
    Feb 2012
    Location
    Mentor Ohio
    Last Seen
    Today @ 07:13 PM
    Gender
    Lean
    Libertarian
    Posts
    11,911

    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by imagep View Post
    The vast majority of welfare recipients already work.

    The most common form of means tested welfare is the earned income tax credit, and to qualify for that, you have to work.

    Basically, it sounds to me that your position is that we should pay people to stay out of the workforce. Wouldn't lowering the SS retirment age be a better way to do the same thing rather than to pay young people to not work?

    And are you another self proclaimed conservative who supports the idea of the welfare state, or am I just not understanding your position?
    This ^

  10. #250
    Professor
    Capster78's Avatar
    Join Date
    Dec 2012
    Location
    Florida
    Last Seen
    08-24-15 @ 01:35 PM
    Gender
    Lean
    Centrist
    Posts
    2,253

    Re: Warren Buffett: $15 minimum wage will hurt the working class

    Quote Originally Posted by ludin View Post
    The left loves to post Warren Buffett and parrot what he says as the way things should be done.
    https://fortune.com/2015/05/22/warre...-minimum-wage/

    well he just came out and made the same statement that other people have already acknowledged.
    a $15 minimum wage will hurt middle income families.

    His idea is to expand the EIC.
    You know why it will hurt the middle class, because rich people's greed will overpower their humanity and they will simply hire less people in order to maintain their bottom lines. It's not that they cant afford to pay their workers a living wage, its just that they don't want to.
    - There was never a good war, or a bad peace.
    - Idealistically, everything should work as you planed it to. Realistically, it depends on how idealistic you are as to the measure of success.
    - Better to be a pessimist before, and an optimist afterwords.

Page 25 of 45 FirstFirst ... 15232425262735 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •