View Poll Results: What should be done to battle income inequality in the USA?

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  • Do not intervene

    47 51.09%
  • Yes, do intervene

    45 48.91%
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Thread: Income Inequality

  1. #881
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    Re: Income Inequality

    Quote Originally Posted by Born Free View Post
    Dittohead Not Quote:
    Re: The supply and demand for unskilled labor:

    Yes, the point has been made that the price of unskilled labor is set by supply and demand.

    Therefore, the motivation of the employers of unskilled labor is to keep the supply as high as possible.

    Now, that said, who is it that is really in favor of illegal immigration by unskilled workers?

    Interesting, nowhere do I see anywhere you mentioning Congress. Instead you were slamming businesses but it's a Texas Governor, a republican I might add that sent troops to the border to seal it. Instead you should have been slamming Obama but he is one of your pets, so you give him a pass. And now you bring up Congress like Dingy Harry will bring up anything for a vote that the House passes. But after November you will see all that change, the Senate republican leader will take up all kinds of legislating and pass it over to Dumbass to sign or veto. Putting him on the hot seat as though he is not already, being the worst president ever. Obama, what an idiot.
    Congress and the POTUS will do the bidding of whoever has the most clout, and the person with the most clout is the one with the most money. Those with money are the employers of unskilled labor, and therefore, have a motivation to keep the unskilled labor pool high and wages therefore low. Putting all of the blame for illegal immigration on the current POTUS ignores decades of inaction on the issue by both the executive and legislative branches.

    Now, let's see if your prediction is correct: After the election, the Congress will send a workable immigration reform bill to the president, who will then have to either sign it, or veto it and show himself to be pro illegal immigration.

    Personally, I don't think they will do squat either before or after the election. We'll soon see.
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  2. #882
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    Re: Income Inequality

    Quote Originally Posted by tuhaybey View Post
    Every company does. But, from an economic perspective, that is inefficiency. Profit taking is waste. So, I'm not saying you should feel bad about doing it or something lame. People are selfish, such is life. But we certainly should design the economic system in a way that minimizes waste as much as possible.
    Profit isn't waste, it is motive.
    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.

  3. #883
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    Re: Income Inequality

    Quote Originally Posted by GBFAN View Post
    Nonsense ... that was not my point now, nor has it ever been my point.

    Employers pay the wages they do because that is what it takes to get people to do the work ... it's really no more difficult than that. My job, as an employer, is to get you to do a million dollars of work for one dollar of pay. Your job is get a million dollars of pay for a dollar's worth of work.

    The motivator is ... always has been, and always will be ... profitability. Any thing else is a liberal fantasy.
    You've pretty much summed up the conservative position right there. 100% cynicism, 100% self interest, and either ignorance, or disregard of the larger economic consequences.

    While you are squeezing a million dollars worth of labour out of your peons, you are also squeezing the economic life out of your country. Those same peons must have an income to buy products, or sales will fall. The balance between wages and prices is not the adolescent jousting match you may imagine, but the product of numerous factors, some of which are beyond the control of either party. Today labour is definitely the weaker partner, as capital ranges the world finding its best return, while labour is static- restricted to its own country, with some minor exceptions. Labour can be regulated by national authority, capital is much more elusive in today's global economy.

    But, this matters not the the far right. There are always greener fields. Wages in Cambodia or Bangladesh are lower yet, and if US consumers go broke, there is a rising market in China to sell to. Entrepreneurial opportunity is everywhere.

  4. #884
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    Re: Income Inequality

    Quote Originally Posted by Dittohead not! View Post
    Congress and the POTUS will do the bidding of whoever has the most clout, and the person with the most clout is the one with the most money. Those with money are the employers of unskilled labor, and therefore, have a motivation to keep the unskilled labor pool high and wages therefore low. Putting all of the blame for illegal immigration on the current POTUS ignores decades of inaction on the issue by both the executive and legislative branches.

    Now, let's see if your prediction is correct: After the election, the Congress will send a workable immigration reform bill to the president, who will then have to either sign it, or veto it and show himself to be pro illegal immigration.

    Personally, I don't think they will do squat either before or after the election. We'll soon see.
    Let me ask you, what immigration bill has the dems presented to the president to sign? I mean they did control all three branches of Government. As for a republican congress they will be creating job bills, like sign here to start Keystone and kill the EPA etc.

    From a money stand point it's the democrats that have the money and the most clout. They controlled all three branches of government and could pass anything they wanted anytime they wanted. But they did nothing, thus you have the money angle all wrong. It's the democrats that want an open border. They always have, they have never cared about jobs in this country, just votes. Obama is in charge of the worst pro-growth policies ever. The worst recover in US History. It is the liberals and their money that trump a few businesses. Now tell me how many illegals are working for big businesses, and of those how much money are they contributing to keep the border open.

    I mean compared to Obama with is arms spread out inviting any and all illegals in, but you don't see that as Obama is your pet.
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  5. #885
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    Re: Income Inequality

    Quote Originally Posted by GBFAN View Post
    So, let's see ... money kept by the employer is not considered compensation, right? You're telling us that in the 1960s, employers only took 5% of productivity, right?
    Yes, that is roughly correct. Compensation prior to the 1970s varied some as a percentage of productivity, but it was generally around the 95% line.

    Quote Originally Posted by GBFAN View Post
    I'm sorry ... you're gonna have to prove that to me. First, there is no difference between the compensation I get as a business owner, and the compensation you get as a laborer. It is nonsensical to try to differentiate.
    Of course it is different lol. The profits an owner takes are waste. They are created by charging customers more than the things you sell them are worth and paying employees less than they are worth. It's a business failing to perform well.

    Now, to be clear, money a business owner makes up to their own productivity, that's the equivalent of their wages. That is not waste, that is them doing something useful and taking the amount of money for it that the market deems appropriate. I'm talking about profit taking- money taken above that line.

  6. #886
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    Re: Income Inequality

    Quote Originally Posted by KevinKohler View Post
    Profit isn't waste, it is motive.
    No, it is. At least in economic terms. It is a company charging customers more than is economically optimal, paying employees less than is economically optimal, or both.

    Remember those supply and demand line charts you saw in econ class? Price is supposed to be set by the market where those lines meet. At that price point, there is zero marginal profit. Competition has driven the price down until it hit cost and couldn't go any lower at that point.

    Now, in reality, it is more complex. Some markets have efficiencies of scale, others have finite supplies, so you end up with situations where a company can legitimately make profit around the edges. But, the goal of the system is to minimize profits, not to maximize them.

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    Re: Income Inequality

    Quote Originally Posted by gdgyva View Post
    oh...i dont feel bad about it at all

    i have 140+ employees, all making a good living

    some making a GREAT living....

    over 20 exceeded 100k in earnings in 2013, and more than that will break that number this year

    they make money, i make money, and the owner makes money

    win/win/win

    i dont see it as inefficient at all.....i see capitalism working for 140 + people.....and i am damn glad to be part of it
    Doesn't seem like you read my post before you hit reply.

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    Re: Income Inequality

    Quote Originally Posted by Conservative65 View Post
    It's always blame it on someone else for you Liberals.

    Do they get a paycheck? If so, they're being rewarded. If the skills they offer aren't making enough for them, change jobs. Instead, they want to spend more time whining that someone owes them something. If they spent half as much time bettering themselves as they do demanding more for nothing, problems would solve themselves. If someone is making an amount they don't like and they stay, they are to blame. Don't blame the one doing the paying if the one doing the receiving stays and continues to work for it rather than doing something else.

    I have degrees, licenses, and certifications in 3 distinct but indirectly related fields. That didn't happen by sitting on my ass complaining that someone should pay for my education. It took effort, time, and money. That's why if something happened in my current position, I could move into the other the next day. Again, that did't happen by accident or through luck.
    I'm not really interested in this stuff. Do you have any thoughts on the economic issues I'm raising?

  9. #889
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    Re: Income Inequality

    Quote Originally Posted by Dittohead not! View Post
    Then we really don't need the illegals to harvest crops, we just need to pay people enough to do the job.
    Absolutely correct ... providing you are willing to pay the increased price for the food in the market.
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    Re: Income Inequality

    Quote Originally Posted by GBFAN View Post
    Absolutely correct ... providing you are willing to pay the increased price for the food in the market.
    Which won't be much, the last I heard, there was a study that showed even if you paid minimum wage to Americans going out into the fields, the cost of produce would go up a few cents at most. I'll gladly pay that to get rid if illegal labor.
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