Unemployment for young Americans over 52%

[baseline bum]

Good dodge

[spursncowboys]

Good dodge

I don't trust your source. How did they define real and nominal?
In 38 after the minimum wage was enacted, 500000 people lost their job.

No one hires at $7.25/hour for a product or service worth $4 an hour.
- Higher minimum wages make it harder for the young and low-skilled to find work.
- Dedicated and hard-working employees have less chance of getting good merit raises when the employer has to pay everyone else higher minimum wages, regardless of productivity.
- When prices go up with higher labor costs, minimum wage earners lose buying power the most.
- In-state minimum wage increases drive jobs out of state, or out of the country.
http://www.nickcoons.com/blogs/comments.php?blog_id=33

[George Gervin's Afro]

This is from the links page:
Distributive Justice Perspectives

• A leader for justice and tolerance Southern Poverty Law Center
• For the a libertarian perspectiveCato Ins ute
• For a liberal view check out the ZNET Economic Vision
• For socioeconomic democracy try Center for the Study of Democratic Societies
• Socialist Party, USA or World Socialist Web Site
• Or check out the Utne Reader on new economic trends
• For lots of useful links see Ralph Nader

The SPLC is a leader for justice and tolerance? Yeah and Al Jazeer is unbiased media reporting. Socioeconomic democracy? How can communism have the word democracy. I bet this clown doesn't even bring up Milton Friedman or Thomas Sowell but will link three commie website for propaganda.

So biased sources can't be trusted.. got it. Now where did you get your original material from?

[spursncowboys]

So biased sources can't be trusted.. got it. Now where did you get your original material from?

I don't think the NYPost has three anti-communist websites for their political science class, filled with naive young adults, they are the professor of. So I don't think it is the same situation.

[coyotes_geek]

So the recession started when Obama got into office. This means that whatever happened prior to him caused this mess. Shouldn't we learn what caused it so we don't repeat the same policies?

Well, evidently Obama is a slow learner because his economic policies are identical to Bush's. Massive bailouts, massive government spending, massive deficits, low interest rates to encourage borrowing, basically doing whatever is neccessary to get consumers borrowing and spending. Bush/Obama economic policy is to try and use the same tools that created the mess to dig us out of it.

[baseline bum]

OMG, you're ing re ed, arguing for people to be able to be paid $4.00 an hour. You can't even pay rent, much less eat on $4.00 an hour working a 40 hour week. Why not just make slavery legal too?

Here, let me show my work:
($4.00 / hr) * (40 hr/week) * (52 week/year) * (year/(12 month)) = $693.33/month

Tell me how someone supports himself on $693.33 a month, even paying no Social Security, Medicare, national, or state tax.

Real wage = wage adjusted for inflation.

[boutons_deux]

"real economy continues to falter."

I've never really heard any alternatives the current Keynesian govt stimulus.

Let WF, Citi, BoA, AIG all to to bankruptcy, maybe liquidation, rather than bailed out? defaulting on and wiping out all their toxic debts?

The economy would be in much worse shape now without the bailout. Keeping the economy from totally cratering by the probably-too-small stimulus is much better than doing nothing.

[spursncowboys]

OMG, you're ing re ed, arguing for people to be able to be paid $4.00 an hour. You can't even pay rent, much less eat on $4.00 an hour working a 40 hour week. Why not just make slavery legal too?

Here, let me show my work:
($4.00 / hr) * (40 hr/week) * (52 week/year) * (year/(12 month)) = $693.33/month

Tell me how someone supports himself on $693.33 a month.

Real wage = wage adjusted for inflation.

No your ing re ed. The minimum wage is one of the reasons why inflation goes up so quickly.

[baseline bum]

No your ing re ed. The minimum wage is one of the reasons why inflation goes up so quickly.

So how do you survive just on your own (forget supporting kids) on $693.33 a month, dodge boy?

[baseline bum]

No your ing re ed. The minimum wage is one of the reasons why inflation goes up so quickly.

So the national minimum wage being fixed for 10 years is why it became worth 20% less in that time period? OK.

[Wild Cobra]

Tell me how someone supports himself on $693.33 a month, even paying no Social Security, Medicare, national, or state tax.

Get a roommate, second job, use public transportation. Whatever it takes to do it legally.

Supply and demand also rules. think rent would be as high as it is if people more made less money? All markets are out to get as much of your money as they can separate you from. A lesser amount is preferable to none.

[spursncowboys]

So the national minimum wage being fixed for 10 years is why it became worth 20% less in that time period? OK.

Are you serious? Do you know what inflation is?

[Wild Cobra]

So how do you survive just on your own (forget supporting kids) on $693.33 a month,

One more thing.

If we stopped allowing the illegal employment of those stealing low wage jobs, the marketplace would pay more to get people to work on it's own. If the illegals are truly doing the jobs American's don't want, then the wages would rise to supply enough people for the demand of jobs.

[spursncowboys]

http://en.wikipedia.org/wiki/File:US...on_Ancient.svg
Look at around the time deflation stopped. Same time Our country was taken over by the nanny state Keynsians

[baseline bum]

Get a roommate, second job, use public transportation. Whatever it takes to do it legally.

Supply and demand also rules. think rent would be as high as it is if people more made less money? All markets are out to get as much of your money as they can separate you from. A lesser amount is preferable to none.

Hmmm... so drop $60 a month on your bus pass. Work yourself to death. Spend maybe $400 to split a small place with someone else.

Sorry, your scenario means the only way minimum wage workers will survive is by robbing your ass, sticking up liquor stores, or selling drugs.

[baseline bum]

One more thing.

If we stopped allowing the illegal employment of those stealing low wage jobs, the marketplace would pay more to get people to work on it's own. If the illegals are truly doing the jobs American's don't want, then the wages would rise to supply enough people for the demand of jobs.

That's one thing I agree with you on. There should be huge penalties for selling out American citizens and hiring illegals. As in, your company gets shut down for repeated infractions.

[Wild Cobra]

Hmmm... so drop $60 a month on your bus pass. Work yourself to death. Spend maybe $400 to split a small place with someone else.

Sorry, your scenario means the only way minimum wage workers will survive is by robbing your ass, sticking up liquor stores, or selling drugs.

I've done it for several month before in the past. It's not easy.

I'm just sick and tired of you liberals wanting the government to fix all your problems. How about just moving back with you mommy and sucking your thumb if you cant deal with life.

Last I check, a monthly TRIMET pass here was something like $72 if I remember right.

[Wild Cobra]

Wow...

A monthly all zones pass is up to $86, and a two zone is $75:

TriMet fares

[George Gervin's Afro]

Well, evidently Obama is a slow learner because his economic policies are identical to Bush's. Massive bailouts, massive government spending, massive deficits, low interest rates to encourage borrowing, basically doing whatever is neccessary to get consumers borrowing and spending. Bush/Obama economic policy is to try and use the same tools that created the mess to dig us out of it.

is obama cutting taxes during a time of war?

[coyotes_geek]

is obama cutting taxes during a time of war?

Obama is leaving taxes exactly where Bush left them, while we're still at war.

[Wild Cobra]

Obama is leaving taxes exactly where Bush left them.

And letting the tax breaks expire, right?

[boutons_deux]

"letting the tax breaks expire, right"

RIGHT! $800B in estate tax cut is more than enough for the super-wealthy handful of families to which it applies.

[coyotes_geek]

And letting the tax breaks expire, right?

Probably so. Taxes are going to have to come up sometime.

[spursncowboys]

Obama is leaving taxes exactly where Bush left them, while we're still at war.

Obama and the Dem's have increased taxes while we are at war and plan on letting the Bush tax cuts go, so that will be an increase on taxes-tax increase.

[baseline bum]

I've done it for several month before in the past. It's not easy.

You worked for half the minimum wage? Are you stupid?

I'm just sick and tired of you liberals wanting the government to fix all your problems. How about just moving back with you mommy and sucking your thumb if you cant deal with life.

Last I check, a monthly TRIMET pass here was something like $72 if I remember right.

Wow... so more than 10% of your (full-time) income just for a ride to work? We should definitely strive for that. , it would go way up when everyone making minimum wage gets dropped further and can't afford any car. And then almost 60% for rent? What about gas, water, electricity, food, laundry... absolute necessities? Then SS and Medicare, then a harshly garnished paycheck if you ever have to visit a hospital? (no way you can afford the most expensive medical care in the world on $4/hour, especially without insurance that you can't afford and obviously don't get from work when they're paying slave wages). Cut yourself pretty deeply while slicing onions or throws out your back lifting an AC unit? Sucks for you with no coverage from work and a bill you'll never repay having a job you never have a cent of either disposable or emergency income to spare.

I'm sick and tired of you Republicans who consider it government ass-wiping to do sensible things like try to bring down the price of what is by far the most expensive health-care system in the world. I love how ensuring a minimum wage that still falls way short of the poverty level is considered government babying. Placate all the banks and defense contractors with corporate welfare, but people can all off.