Quote:
Originally Posted by Lune
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It's not that simple. I know your Econ 101 professor sounded totally convincing and you feel confident parroting his perceived expertise everywhere you go, but sometimes (often) economists are wrong, or at the very least inaccurate or only marginally applicable to real circumstances.
This is some Alan Greenspan tier-"Financial regulation is bad!" followed by "I was wrong, sorry about that"-level horseshit.
Pull your head out of tea party ass and learn to think on your own
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I will agree with one thing regarding minimum wage... A worker working an hour for 2 gallons of gas sucks ass.. That I agree.
But what happens when it is raised? Do you think these corporations are just going keep all of there workers? No, there will be layoffs. raising it from 7 whatever to 10 is a pretty big jump. They will reduce there workforce and require more from the smaller workforce. These corporations that have a large amount of lower wage workers already have to deal with in an increase from obamacare, which will in turn cause more lay offs.
What makes a fruitful economy? Ask yourself that.. Here is a scary fact, All we have done since 2004 is artificially prop up our economy. The unemployment rate is also artificially propped up. We have propped up our economy with so many fucking fake tools that is truly is scary. Did you know the federal government buys 90% of our treasury bonds? This whole idea that if we increase minimum wage it will help our economy is bogus lies told to you by the same liars that run our country...
And to think this guy has the gall to get up on a fucking podium and tell us that we need to pass legalization for illegal aliens? That we need to up the number of migrant workers coming in each year so they can compete against American's who truly do need the fucking job?
Its all a smoke and mirror show here kids. The government has sold out to big business a long time ago, the rats on both sides, not just the democrats, both sides.
I will be honest. I truly do hope the republicans are stupid enough to go against the American people and grant Amnesty to illegals. That will be the end of the Republican party, and hopefully..... It will produce a new party of true conservatives, not a party full of fake ass rhinos.
That's just my 2 cents, I don't sit on here claiming I know it all or that I am an economist. But I am a solid worker who has been a part of the American workforce for almost 20 years. Things are not looking better, no matter what the President or the New Your Times tries to tell you. We are in for a big hurting from what the past two presidents have done to this country.