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Thread: Senate Republicans Block Paycheck Fairness Act For Third Time

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by iliveonramen View Post
    So....what's the big deal then? This site depends on surveys from HR departments. Why exactly is it a bad thing that workers have better data?
    Because only providing part of the information creates false impressions. If I make $50K a year and my co-worker doing the same job makes $55K a year and that's all I see, then I get a false impression about our relative value. What I don't see is that my co-worker only missed 3 days of work in the last 5 years and I've missed 48. What I don't see is that my co-worker has been putting in 10 hours a day while I head home after 8 hours and not a minute more. What I don't see is that my co-worker has a great attitude and builds up her fellow employees while I'm a whiny little **** who tears everyone else down. Only looking at one aspect of an employee's value is grossly deceptive and unfair to both the employees and the employer.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by Henrin View Post
    I don't really care what Milton Friedman thought. He is largely responsible for the income tax and monetary systems we have today, and for that, I hope he is burning in hell.
    He was largely responsible for the Earned Income Tax Credit not the income tax....he actually didn't support the EITC in it's current form because he said it should be a replacement for government services.

    He is responsible for the monetary systems we have but it was the scalpel alternative to as he saw it Keynes generally chainsaw approach to down turns.

    The idea of information symmetry being important for the operation of a competitive market though is pretty standard. Do you believe that monopolies should be allowed because getting rid of them generally requires government intervention?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by TheDemSocialist View Post
    The GOP stopped supporting equality in the 50's. The party of pitty. The party that represents inequality. [/FONT][/COLOR]
    The party that is finally showing an inkling of supporting Conservative Family Values; thank goodness.

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by iliveonramen View Post
    Actually it's not to my liking it's pretty much a requirement for a competitive market. Asymmetric information is bad. Equal information between both parties is good. Hence...why very pro-market economist like Milton Friedman typically support financial reporting.
    When I learned about asymmetric information, it pertained to the details of a transaction between two parties. For instance, hiding the terms of employment from the employee or a potential insurance recipient forgoing information on their more dangerous hobbies when signing up for coverage. Non-relevant information is (or at least was) not considered an aspect of asymmetrical information.
    One who makes himself a worm cannot complain when tread upon.

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by TurtleDude View Post
    I don't have a problem with an employer firing someone for discussing wages.
    That may be, but you're not explaining how it screws over employers, like you earlier claimed. How does this screw over employers?

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by iliveonramen View Post
    So....what's the big deal then? This site depends on surveys from HR departments. Why exactly is it a bad thing that workers have better data?
    It isn't. It's a bad thing to make individuals' salaries public.

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by iliveonramen View Post
    He was largely responsible for the Earned Income Tax Credit not the income tax....he actually didn't support the EITC in it's current form because he said it should be a replacement for government services.
    He is responsible for the withholding system that is the backbone of the income tax system as it is currently.

    He is responsible for the monetary systems we have but it was the scalpel alternative to as he saw it Keynes generally chainsaw approach to down turns.
    Doesn't much matter, the fact is he supported the fed and supported massive amounts of faux currency flooding the market by increasing the supply of money daily at a rate of 3-5%.

    The idea of information symmetry being important for the operation of a competitive market though is pretty standard. Do you believe that monopolies should be allowed because getting rid of them generally requires government intervention?
    Creating monopolies requires government intervention, so I can't imagine that is a good example. What information is shared is up to the parties themselves, not government. If that information is helpful or not isn't all that important to me.

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by faithful_servant View Post
    Because only providing part of the information creates false impressions. If I make $50K a year and my co-worker doing the same job makes $55K a year and that's all I see, then I get a false impression about our relative value. What I don't see is that my co-worker only missed 3 days of work in the last 5 years and I've missed 48. What I don't see is that my co-worker has been putting in 10 hours a day while I head home after 8 hours and not a minute more. What I don't see is that my co-worker has a great attitude and builds up her fellow employees while I'm a whiny little **** who tears everyone else down. Only looking at one aspect of an employee's value is grossly deceptive and unfair to both the employees and the employer.
    Well generally there are reasons for individuals to make more than others. When the information is aggregated you generally smooth out those individual differences and patterns start to emerge.

    For example...if I found out that I and my co-workers make the in the bottom 10% of wages for our job then it's an indication that our employer doesn't pay well. Therefore...we start looking for something closer to the market value for our labor. Either our employer hires wages to prevent turnover or he just ends up cycling through employers at a high cost. Welcome to labor markets. What's interesting is that conservative seem to be so against the idea of equal information. Why exactly shouldn't employees have access to information on pay? Maybe not even individual information but aggregated information?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by TheDemSocialist View Post

    BS! Title VII is about discrimination, not pay.
    Actually it is just a political ploy before the mid-term elections in order to conjure up some perceived discrimination and establish victim status in what the Democrats hope will equal votes. It is the same tactic they always use. Right now the flavor of the month is "the war on women" and "income inequality".

    The democrats run their party like a plantation.

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    Re: Senate Republicans Block Paycheck Fairness Act For Third Time

    Quote Originally Posted by TurtleDude View Post
    given it was a pure party line vote its most likely designed to create money or advantages for DNC allies and designed to hurt GOP allies
    I agree.

    I do believe it is another wedge issue designed to go against the GOP for, well, you know, just for doing the things the GOP typically does. Ie; anti-women, anti-gay, anti-minority, anti-liberty and anti-freedom, etc.

    The GOP cannot support it and still stay tight with the moneybags they typically represent. The proverbial rock and hard place. I believe the dems only want the issue on the forefront, to drive home the usual GOP modus operandi and is being used purely for political purposes.

    It's GREAT to be me. --- "45% liberal/55% conservative"
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