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

Re: Warren Buffett Don't raise the minimum wage

No. You made the claim. Support it or ignore my question. Your choice.

go back and read the thread. if you won't even make the effort to do that, then i don't much care what you think about anything.
 
Re: Warren Buffett Don't raise the minimum wage


I gave you the link and you and all the other libs in there refused to follow through.
you only want fund it with other peoples money.

highly subjective if you ask me.
 
Re: Warren Buffett Don't raise the minimum wage

but everyone should have debt free access to post secondary education.

this is an opinion. personally people if they want a secondary education should have to work for it.
working for something and accomplishing something shows personal initiative.

people feel more self worth for something they had to work for than for something just given to them and paid for by someone else.
heck you won't even pay for it so I don't see how you should expect other people to pay it.
 
Re: Warren Buffett Don't raise the minimum wage

I gave you the link and you and all the other libs in there refused to follow through.
you only want fund it with other peoples money.

highly subjective if you ask me.

this is getting boring. enjoy skipping the front end investment and paying long term on the back end.
 
Re: Warren Buffett Don't raise the minimum wage

That's a lot of words there but none of them actually answer the question.

Someone who isn't productive enough because Sawdust declares their labor is of lesser value than the cost to live. What happens to them?

usually people that are not productive enough end up being fired. that is the way that it goes.
 
Re: Warren Buffett Don't raise the minimum wage

I went to private school. They actually make you think as opposed to memorize BS so you pass some standardized test. Rich people go to schools to learn how to think, poor people go to schools to learn how to memorize.
Since you have anecdotal evidence, I do as well. I also went to a private school (in the Midwest) for my primary education, I transferred out of it and went into the public school system. I was over 3 months behind in the teaching curriculum going from private to public(Math, English, Science). That private school was 3 months slower in teaching the same principles as the public school was.

So no, there is little difference in public/private schools depending upon where you are, and calling people stupid for going to a public school is a silly idea.
 
Re: Warren Buffett Don't raise the minimum wage

At what age is someone mature enough to take on debt or to make their own financial decisions?

No specific cutoff but neurological studies suggest 25 is roughly the age of full neural development specifically where long-term decisions and risk assessment are concerned. That's a full seven years later than many students are signing on to tens of thousands of dollars of debt.

I'm not saying that you are wrong, but I am suggesting your are on the verge of getting into the nanny-state policy.

It's not nanny state to deny credit where there's no evidence of creditworthiness. I can't get a loan for a car or house if the lender has no evidence of my ability to repay. That's not nanny state, it's logical and consistent with fair trading between creditors and debtors.

they shouldn't have to go into debt in order to attend college.

And all I'm saying is that they shouldn't even be able to in some cases. It's fair to neither the creditor nor the debtor in some cases.

require completion of the degree as a condition.

That ensures devaluation of the degrees. How do we keep our higher ed competitive with the rest of the world?

as for keeping the cost down, subsidize the school.

That doesn't keep the cost down, it just reassigns it, and in some cases subsidy can make cost problems worse.

we waste money on many programs that are more idiotic than that.

Worse idiocy fails to persuade me to accept not-worse idiocy.

I would much sooner recommend taking every dollar you'd advise throwing at higher education and instead devote it to social, therapeutic and educational programming that will take young children out of the traumatic and unpredictable care of their irresponsible parents and into positive learning environments.
 
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Re: Warren Buffett Don't raise the minimum wage

this is getting boring. enjoy skipping the front end investment and paying long term on the back end.

work instead of wanting other people to pay your way through life. it is what most people do. I get great joy for working for the things
that I have. rather than someone just handing it to me.

if people don't have the motivation to go to college while working for it they don't have the motivation if you and other like you pay for it.
your opinion is your opinion.

and your opinion on a great many things is :

Other people should pay my way through life simply because they have money and they can. everything should be free and no one should have to pay
for anything unless it is someone else.

when challenged to start funding it yourself you refuse shows how baseless the ideology actually is.
 
Re: Warren Buffett Don't raise the minimum wage

And all I'm saying is that they shouldn't even be able to in some cases. It's fair to neither the creditor nor the debtor in some cases.



That ensures devaluation of the degrees. How do we keep our higher ed competitive with the rest of the world?



That doesn't keep the cost down, it just reassigns it, and in some cases subsidy can make cost problems worse.



Worse idiocy fails to persuade me to accept not-worse idiocy.

uneducated / untrained individuals cost society a lot of money long term. i'm arguing that we should remove the paywall and make the investment on the front end. there's really no downside.

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Re: Warren Buffett Don't raise the minimum wage

work instead of wanting other people to pay your way through life. it is what most people do. I get great joy for working for the things
that I have. rather than someone just handing it to me.

if people don't have the motivation to go to college while working for it they don't have the motivation if you and other like you pay for it.
your opinion is your opinion.

and your opinion on a great many things is :

Other people should pay my way through life simply because they have money and they can. everything should be free and no one should have to pay
for anything unless it is someone else.

when challenged to start funding it yourself you refuse shows how baseless the ideology actually is.

i don't waste time on strawman fallacies.
 
Re: Warren Buffett Don't raise the minimum wage

uneducated / untrained individuals cost society a lot of money long term. i'm arguing that we should remove the paywall and make the investment on the front end. there's really no downside.

View attachment 67184744

I made a late edit to my last post, which I'll repeat:

I would much sooner recommend taking every dollar you'd advise throwing at higher education and instead devote it to social, therapeutic and educational programming that will take young children out of the traumatic and unpredictable care of their irresponsible parents and into positive learning environments.

Those tall gray bars represent people who can't even make it through high school (where there's no pay wall). Higher ed isn't the real problem. It's earlier. Much earlier.
 
Re: Warren Buffett Don't raise the minimum wage

I made a late edit to my last post, which I'll repeat:

I would much sooner recommend taking every dollar you'd advise throwing at higher education and instead devote it to social, therapeutic and educational programming that will take young children out of the traumatic and unpredictable care of their irresponsible parents and into positive learning environments.

Those tall gray bars represent people who can't even make it through high school (where there's no pay wall). Higher ed isn't the real problem. It's earlier. Much earlier.

i don't completely disagree. completion of high school should be a minimum requirement. letting kids drop out has no societal benefit.
 
Re: Warren Buffett Don't raise the minimum wage

...
It's not nanny state to deny credit where there's no evidence of creditworthiness....

Nearly all student loans are eventually repaid. Plus, you have changed the topic slighly.

First you were arguing that young people aren't mature enough to realize that they are harming themselves with debt, now you are arguing that they are not credit worthy. That's two totally different arguments.

So which is the real issue, that college isn't worth debt, or that student loans won't be paid back? Personally, I don't see either as an issue, because reality proves that college is generally worth the price over a lifetime of earnings, and that most every student loan is eventually repaid and the government makes a profit off of the student loan program.
 
Re: Warren Buffett Don't raise the minimum wage

i don't waste time on strawman fallacies.

no fallacy there. you want everyone else to pay your way instead of working and paying yourself.
as I said you can move to plenty of other countries that are setup like that.

I prefer to have people work for what they have. it makes a better society in general
 
Re: Warren Buffett Don't raise the minimum wage

uneducated / untrained individuals cost society a lot of money long term. i'm arguing that we should remove the paywall and make the investment on the front end. there's really no downside.

View attachment 67184744

the only paywall is the one you made up. there is no pay wall.
there is a lack of motivation wall that people can't take 5 minutes and fill out the FASFA documents.
 
Re: Warren Buffett Don't raise the minimum wage

lets jettison this living wage idiocy. It has no relevance to a rational discussion about the cost of a commodity known as labor

It has a lot of relevancy to what constitutes "poor," as you put it. If you'd like me to put it another way, 40% of my state can barely afford to get by, which is a lot higher than the HS dropout rate
 
Re: Warren Buffett Don't raise the minimum wage

the only paywall is the one you made up. there is no pay wall.
there is a lack of motivation wall that people can't take 5 minutes and fill out the FASFA documents.

"no paywall."

BN-CU894_class2_G_20140515160833.jpg
 
Re: Warren Buffett Don't raise the minimum wage

usually people that are not productive enough end up being fired. that is the way that it goes.

And then? Homelessness? Starvation?
 
Re: Warren Buffett Don't raise the minimum wage


nope not pay wall. that is called college costs money and if you want to go to college you have to PAY for it.
as stated there are plenty of affordable colleges that students can attend.

there are also scholarships, loans, and grants that can be gotten in order to attend college as well.

so your mythological pay wall is something you have simply made up to continue the appeal to emotion argument.
 
Re: Warren Buffett Don't raise the minimum wage

And then? Homelessness? Starvation?

they an try and find another job but unless they improve their job habits chance are they will get fired again.
 
Re: Warren Buffett Don't raise the minimum wage

they an try and find another job but unless they improve their job habits chance are they will get fired again.

But their skills aren't worth enough to feed themselves. Ludin has decreed it. They'll never make that much.
 
Re: Warren Buffett Don't raise the minimum wage

But their skills aren't worth enough to feed themselves. Ludin has decreed it. They'll never make that much.

strawmans are not arguments either.
 
Re: Warren Buffett Don't raise the minimum wage

strawmans are not arguments either.

Over and over we hear from you guys that these people aren't worth more than minimum wage. Burger flipping is only worth $5/hour, because reasons.
 
Re: Warren Buffett Don't raise the minimum wage

I don't think people are understanding this like Buffet is. They are only looking at party lines. He doesn't seem like he looks at that stuff. Raising it $15 now nationwide would be horrible. In the long run it would be fine though.
 
Re: Warren Buffett Don't raise the minimum wage

Over and over we hear from you guys that these people aren't worth more than minimum wage. Burger flipping is only worth $5/hour, because reasons.

do you not understand how wages are determined? they are determined by the skill level of the job.

so cashier or burger flipper or whatever. very easy skills to learn do not take advanced training and pretty much there is a almost endless supply of people that can do the job.
that means the pay is significantly less.

Network admin. specialty skill that takes trainging and an education and understanding of networking and computer in general. more specialized skill more pay.

Doctor: highly specialized skill that takes years of education and training big money pay.

CEO: a jack of all trades sort of person that is able to handle multiple issues at one time and be able to solve almost every issue or have a solution. usually the owner of the company and therefore big money.

you are paid what you are able to produce. if you produce more than what is needed then the company profits and you move up. if you produce what is required then you stay where you are at. if you produce below expectations then you are fired.

the job they are doing doesn't demand more than minimum wage is the problem.
no skill requirements and a large pool of people that can do the job pretty easily.
 
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