May 11, 20215 yr 41 minutes ago, vikas83 said: Of the many stupid talking points floated around this, this may be the dumbest. Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty." Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. The inability to comprehend the difference between nominal and real wages is truly insane. its not inability. its willful ignorance because they are zealots to an ideology
May 11, 20215 yr 1 hour ago, vikas83 said: Of the many stupid talking points floated around this, this may be the dumbest. Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty." Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. The inability to comprehend the difference between nominal and real wages is truly insane. The cost of living/price of production/poverty line is not directly tied 1:1 to the wage cost. Yes, there will still be poor people as a result. Yet 900,000 people who were poor will no longer be poor, according to CBO report.
May 11, 20215 yr 53 minutes ago, vikas83 said: Of the many stupid talking points floated around this, this may be the dumbest. Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty." Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. The inability to comprehend the difference between nominal and real wages is truly insane. 11 minutes ago, ToastJenkins said: its not inability. its willful ignorance because they are zealots to an ideology Walmart distribution center up the road from where I work is hiring at 18.00 per hour they can't find anyone. But yeah some schlub at mcdonalds in the same town that's too lazy to work at Walmart deserves 15.00. Minimum wage jobs are few and far between anymore because of the job market, so if you are working at a minimum wage job, likely you deserve to be.
May 11, 20215 yr 3 hours ago, vikas83 said: Of the many stupid talking points floated around this, this may be the dumbest. Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty." Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. The inability to comprehend the difference between nominal and real wages is truly insane. The issue is only 49% of the populace has assets, but we are dealing with inflation that is reducing the wealth of 51% of the population. The dollar doesn’t go as far as it did, and it’s about to go even less. Since the early 90s we’ve been catering to the asset holders. Yeah, I get don’t be poor, but what are you going to do when the ditch digger who’s working three jobs accidentally cuts the fiber line you need to do your job. Things have a ripple effect. If monetary policy was a bit more balanced we wouldn’t have as loud a "fight for $15”.
May 11, 20215 yr 15 minutes ago, Bill said: The issue is only 49% of the populace has assets, but we are dealing with inflation that is reducing the wealth of 51% of the population. The dollar doesn’t go as far as it did, and it’s about to go even less. Since the early 90s we’ve been catering to the asset holders. Yeah, I get don’t be poor, but what are you going to do when the ditch digger who’s working three jobs accidentally cuts the fiber line you need to do your job. Things have a ripple effect. If monetary policy was a bit more balanced we wouldn’t have as loud a "fight for $15”. I couldn't agree more. Monetary policy and the resulting inflation (which the government lies about) is what is actually hurting people. So in response, they demand greater spending and deficits in order to combat wealth inequality. Greater deficits means more debt which requires...more accomodative monetary policy. Welcome to the cycle to ruin.
May 11, 20215 yr 4 hours ago, vikas83 said: Of the many stupid talking points floated around this, this may be the dumbest. Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty." Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. The inability to comprehend the difference between nominal and real wages is truly insane. Pfft... if we made the minimum wage a million dollars a year everyone would be millionaires!
May 12, 20215 yr 90% of the right's love of Trump is based on the fact that the left hates him. that's literally it.
May 12, 20215 yr Author 1 minute ago, JohnSnowsHair said: 90% of the right's love of Trump is based on the fact that the left hates him. that's literally it. Na man he tells it like it is. That's why they love him
May 12, 20215 yr 5 minutes ago, 20dawk4life said: Na man he tells it like it is. That's why they love him
May 12, 20215 yr 5 minutes ago, 20dawk4life said: Na man he tells it like it is. That's why they love him And that's why ya gotta love them Republicans: I love him because he tells it like it is. Also Republicans: You can't take him seriously when he says he wants to nuke hurricanes, rake the forests, inject people with bleach, run for a 3rd 4th and 5th term, and overthrow the elected government.
May 12, 20215 yr 14 minutes ago, What The F said: yeah, a ransomware attack on the largest pipeline in the United States coupled with panic buying is going to do that. this isn't a systemic issue that has anything to do with decisions Biden made or did not make. it's a temporary issue that will resolve quickly. ransomware is a growing problem. and the solution to it is not simple. it comes down to individual companies being vigilant and taking seriously information and system security.
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