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

  1. #381
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Helix View Post
    i have a piece of advise as well :

    enjoy paying entitlements instead.

    what do you mean "instead"....you can't honestly believe entitlements go away when college becomes magically "free".

    free college will have one good result though.... we'll have highly educated McDonalds cashiers.

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Thrilla View Post
    what do you mean "instead"....you can't honestly believe entitlements go away when college becomes magically "free".
    college graduates need less public assistance. should i post the chart again?

    Quote Originally Posted by Thrilla View Post
    free college will have one good result though.... we'll have highly educated McDonalds cashiers.
    be careful not to make physical contact with the plebes. you might sully yourself.

  3. #383
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Deuce View Post
    Have you seen McDonald's "example budget" for minimum wage workers?
    Yup. But, as I recall, they were including lots more than eating.

    Which part of full-time was confusing?
    That's interesting. You think that second income earners and interns don't work 40 hours a week?

    Only in the Econ 101 universe of college sophomore libertarians.
    failure to respond.

    No, seriously, if people won't work for you for what you are offering, but you need them to work for you, you will have to offer more to attract them. That's why, for example, people make different wages. It's not random, nor based on employer's random feelings of goodwill. Engineers earn more than burger-flippers because there is higher demand for them relative to supply, not because employers of engineers all decided to help them with their student loans.

    Yes there is. Workers losing the roof over their heads and no longer being employable.
    in that scenario, we have massive unemployment among our low-skilled workers, and plenty of dual-income low-wage or medium wage, or even higher wage houses. Additionally, we have public housing. There remains no forcing function.
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Helix View Post
    look at the chart again, and the average debt incurred. that's a paywall.



    most of them cost a lot of money. i'm arguing in favor of debt free access to post secondary education.



    there's a reward for the entire country as well. we all benefit from a deep intellectual pool, and putting a paywall in front of it is stupid policy.



    it's not a fallacy. look at the chart.
    sure it is a fallacy there is a paywall so it should be free.

    I guess their house should be free
    I guess their rent should be free
    I guess their car should be free

    technically according to you these are all paywalls as well since they call cost considerable amount of money. lol
    that is why it is a fallacy.

    it isn't debt free as someone has to pay for it. you refuse to pay for it so I guess someone else will have to. since none of the other liberals in this thread wanted to pay for it
    I guess people will have to pay for it themselves.

    college debt is not a paywall. CC debt is a paywall. payday loans are pay walls.
    college debt is not a paywall.

    if they don't have the drive to fill out the FASFA forms now what makes you think they will attend class and work to get good grades?
    or should they just be given A's for showing up to class because working for grades is to hard and not fair.

    that seems to be your argument on everything. it's not fair it should be free.
    yep there is reward for the country by instilling work ethics in people. which is what college makes you do work.

    saw a girl on the news that probably just cost herself a job. as she was complaining that it was to hard to work and go to school.

    call the whhaaamublance. of course your idea would tax someone to pay for her housing and food and transportation. although YOU won't pay for it. someone else should.

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Helix View Post
    college graduates need less public assistance.
    We are in an education bubble in which college graduates suffer under large debts without commensurate incomes. A Bachelors in Identity Studies and a Masters in Sociology doesn't really help you have more earning power as a barista at Starbucks.

    You don't need college to be a good barista. Nor to be a good plumber. Nor to be a good electrician, or a construction worker, or receptionist, or landscaper, or butcher or baker or candlestick maker, nor is the fact of those individuals having a degree likely to increase their pay. Arguing that Everyone Should Go To College Because People Who Go To College Need Less Social Safety Net, is like arguing that everyone should become an hedge fund manager so we can all be rich.
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by ludin View Post
    it isn't debt free as someone has to pay for it. you refuse to pay for it so I guess someone else will have to. since none of the other liberals in this thread wanted to pay for it
    I guess people will have to pay for it themselves.
    Bingo. There Ain't No Such Thing As A Free Lunch.

    yep there is reward for the country by instilling work ethics in people. which is what college makes you do work.

    saw a girl on the news that probably just cost herself a job. as she was complaining that it was to hard to work and go to school.
    Actually Students who work get better grades. Something about having skin in the game and a developed work ethic....


    of course your idea would tax someone to pay for her housing and food and transportation. although YOU won't pay for it. someone else should.
    He recently graduated with an advanced degree. My bet is that he has a bunch of school debt, and so this is the issue staring him in the face.
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Helix View Post
    ok, cool. post secondary education should cause the student to incur as much debt as high school currently does. it's better to spend the money on that than to spend it on welfare or war.
    So... making college free to upper middle class kids will not only cause Russia, China, North Korea, and the Islamic State to put down their arms, but it will also cause lower class kids to stop having babies and dropping out of high school while functionally illiterate?
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by Gimmesometruth View Post
    LOL...declining welfare has no forcing method....even though here we are in a thread about a grass roots movement to force employers to increase wages.

    Oh my.
    Declining Welfare has forcing functions on the recipients. The existence of serious welfare cliffs, for example, disincentivizes increasing ones' income.
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

  9. #389
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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by cpwill View Post
    Bingo. There Ain't No Such Thing As A Free Lunch.



    Actually Students who work get better grades. Something about having skin in the game and a developed work ethic....




    He recently graduated with an advanced degree. My bet is that he has a bunch of school debt, and so this is the issue staring him in the face.
    no there isn't, and I would rather have kids that are going to do nothing but party and fail have to pay the money back than all the risk be on the taxpayer.
    yep I couldn't count the number of students that were getting a free lunch that expect other people to do the work on all the projects.
    then they wouldn't show up to class or miss class.

    then he shouldn't have a problem getting a job and paying it off. when I finished I had about 50k dollars in student loan debt.
    it is now down to 35k or so.

    I only have that and I have my mortgage on my home. of course I am on the old student loan system and loan interest is cheap.

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    Re: Warren Buffett Don't raise the minimum wage

    Quote Originally Posted by cpwill View Post
    Declining Welfare has forcing functions on the recipients. The existence of serious welfare cliffs, for example, disincentivizes increasing ones' income.
    that is my problem with the welfare system it actually discourages people from working by completely falling people off a cliff after a certain point.

    the system should encourage people to get off the system by a slow phasing of benefits in proportion to their income increase.
    going to school or getting a certification in something should be a requirement for continued assistance.

    I have no problem with money going to help people improve their lives and make them self sufficient. the problem that I have with welfare that it doesn't do this.
    it encourages people to not work at all.

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