tlmorg02
DP Veteran
- Joined
- Nov 27, 2007
- Messages
- 3,347
- Reaction score
- 1,078
- Location
- Louisville, Ky
- Gender
- Male
- Political Leaning
- Slightly Liberal
Since when did I gain monopoly power?
Since unemployment reached 9.6%
Since when did I gain monopoly power?
I suppose if you weren't such a stand up, morally straight kinda guy, you'd already be raking in millions right now with this knowledge. Of course, you probably just turn your millions in profits over to your employees. After all, they're the ones doing all the work while you're posting on debate politics.Of course you can get people to work for you, don't create new jobs and those who work for you cannot ask for a raise because there is no where else to go if you do not give one.
So now Apple, Dell, eMachines, Compaq, Toshiba, are all monopolies in the same field? Interesting.Since unemployment reached 9.6%
Sure you could, make vintage amps for guitars and pay a rockstar to use it, then kids in garage bands will buy them too.
I suppose if you weren't such a stand up, morally straight kinda guy, you'd already be raking in millions right now with this knowledge. Of course, you probably just turn your millions in profits over to your employees. After all, they're the ones doing all the work while you're posting on debate politics.
Of course there is capital needed, but many times banks front the money or the government, that evil entity gives grants to start the businesses! How dare they!
No, I use slave labor in Indonesia.
Those at least have an asthetic value. No one really values vacuum tubes.
Ahhh, but to achieve the desired sound you must use the vacuum tubes.
Where do you think that banks get money?
Geez, talk about misunderstanding an analogy.
No, your analogy is wrong, demmand is easily created
Yes, but those who invest in such means are asking for it to be untouched through tax breaks, if there are no taxes coming from it, and banks are not using the money to loan, then what good is it doing for the economy as a whole, not just for those at the top?
Sweatshops are not slave labor. People are not forced to work there. They work there because it is better than where they came from.
Very, very little of it if any is "untouched" by taxes. You gotta stop using absolute terms for something which is not absolute. There is a lot of people like you who want their money to be touched even more by taxes but it is not untouched by a longshot. If banks are not loaning now, and they are just in a lot tighter market, then what makes you think they are going to want to loan more if the government threatens to take more money away from them? One of the reasons the stimulus isn't work is because government and the private sector are working against each other. Stop threatening and blaming the rich for everything.
I am sorry, near-slave labor. I get them closer to their $1 per day needed to survive, what a philanthropist I am!
They wouldn't work there unless it was advantageous to them. The fact is that they are low-skill level and they get paid for low-skill, not very scarce labor.
When you open the labor pool to billions of more people, there are not many "scarce" jobs left.
Tried and failed. Obama proposed this in January and businesses were underwhelmed. You might get an 8-year old to buy cracker jack by putting a prize in the box, but businesses have to make smart decisions. They're not going to hire unless it makes sense to hire for the long term.I am simply saying the easiest way to stimulate the economy is to...give credits to those who create jobs,
What exactly is sweatshop labor? The best job that people can get with the skills that they have. Take away the sweatshops and the people go back to subsistence farming, quite easily the worst form of life possible while still retaining freedom (so slavery is still worse). The sweatshops give people more disposable income. Also note that if one places offers $1 an hour and another offers $2 an hour then everyone would go toward the $2 an hour shop. The fact remains that wages tend toward marginal productivity and so if people aren't making much it's because their labor isn't worth much.
What caused this crisis, for the most part, was the packaging of the mortgages, that the banks knew would never fly, into derivatives and onto investors. Once those investors realized they were stuck and the money lost, they whole sale flocked from the market and the Middle Class lost their jobs, which perpetuated the increase in foreclosures, and their 401k's dropped out the bottom so they lost that as well.