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Author Topic: If the minimum wage growth had kept pace with one percenters
raybond
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The stagnation and collapse of minimum wage purchasing power has helped drive the divergence between the wealthiest and poorest segments of the U.S. workforce. As minimum-wage jobs have provided less and less stable economic footing for working people, the wealthiest sliver of the country has seen astronomical gains in their compensation. If instead the federal minimum wage had grown at the same rate as one-percenter earnings, it would sit at $22.62 per hour today — 212 percent higher than the current wage floor.

A 212 percent raise may seem outlandish, but previous research indicates American workers have just about earned it. Worker productivity has more than doubled since 1968, and if the minimum wage had kept pace with productivity gains it would have been $21.72 last year. From 2000 to 2012 alone workers boosted their productivity by 25 percent yet saw their earnings fall rather than rise, leading some economists to label the early 21st century a lost decade for American workers.

It’s no wonder, then, that low-wage workers have been agitating for pay increases this year. Strikes and protests at fast food and retail chains spread from New York City to another 60 cities all across this country this summer. Walmart workers have gone on strike in at least nine cities in the past several weeks. Service employees at federally-owned buildings in Washington, D.C., have walked off the job multiple times to call attention to the role of government contracts in subsidizing poverty wages for millions of working people.

While some federal policy figures have tried to introduce a minimum wage hike — progressive Democrats have introduced bills to bring the wage floor in line with inflation, and President Obama recently came out in favor of a $10 minimum wage after calling for a less ambitious hike earlier this year — the action seems to have shifted to the local level. Voters have approved wage hikes in New Jersey and in the town that hosts the Seattle-Tacoma international airport. Lawmakers are pushing for higher wages in Massachusetts and Washington, D.C.. Activists are campaigning for hikes in states like Alaska, Idaho, Illinois, Maryland, Minnesota, and South Dakota.

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Wise men learn more from fools than fools from the wise.

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CashCowMoo
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quote:
Originally posted by raybond:
The stagnation and collapse of minimum wage purchasing power has helped drive the divergence between the wealthiest and poorest segments of the U.S. workforce. As minimum-wage jobs have provided less and less stable economic footing for working people, the wealthiest sliver of the country has seen astronomical gains in their compensation. If instead the federal minimum wage had grown at the same rate as one-percenter earnings, it would sit at $22.62 per hour today — 212 percent higher than the current wage floor.

A 212 percent raise may seem outlandish, but previous research indicates American workers have just about earned it. Worker productivity has more than doubled since 1968, and if the minimum wage had kept pace with productivity gains it would have been $21.72 last year. From 2000 to 2012 alone workers boosted their productivity by 25 percent yet saw their earnings fall rather than rise, leading some economists to label the early 21st century a lost decade for American workers.

It’s no wonder, then, that low-wage workers have been agitating for pay increases this year. Strikes and protests at fast food and retail chains spread from New York City to another 60 cities all across this country this summer. Walmart workers have gone on strike in at least nine cities in the past several weeks. Service employees at federally-owned buildings in Washington, D.C., have walked off the job multiple times to call attention to the role of government contracts in subsidizing poverty wages for millions of working people.

While some federal policy figures have tried to introduce a minimum wage hike — progressive Democrats have introduced bills to bring the wage floor in line with inflation, and President Obama recently came out in favor of a $10 minimum wage after calling for a less ambitious hike earlier this year — the action seems to have shifted to the local level. Voters have approved wage hikes in New Jersey and in the town that hosts the Seattle-Tacoma international airport. Lawmakers are pushing for higher wages in Massachusetts and Washington, D.C.. Activists are campaigning for hikes in states like Alaska, Idaho, Illinois, Maryland, Minnesota, and South Dakota.

Dont you think that massive debt, and massive spending devalue the dollar quite a lot to make things more expensive to buy. That is the real problem.
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raybond
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nice try cash, you understanding of economics is only matched by your ignorance of history.

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Wise men learn more from fools than fools from the wise.

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Upside
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Would you like your # 6 meal super-sized for an additional 36 dollars sir?
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raybond
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Fast food workers will stage a one-day strike against their employers in 100 cities on Thursday, activists told the New York Times’s Steven Greenhouse. Strikes will take place for the first time in some cities, such as Charleston, SC; Providence, RI; and Pittsburgh, PA.

They’ll also stage protests in an additional 100 cities, activists say.

The strikes will be the latest after fast food workers walked out in August in the largest action ever, which took place in more than 50 different cities. The strikes began a year ago this November with 200 workers staging a one-day strike at more than 20 restaurants in New York City, “the first such walkout in the history of the nation’s fast-food industry,” Greenhouse writes. Since then they have spread dramatically, beginning in cities in the northeast and then spreading to the midwest and south.

Striking workers have been demanding a raise to $15 an hour and the right to form a union. While industry groups claim that only a small portion of their jobs pay the federal minimum wage of $7.25 and those are mostly entry-level jobs, median wages are only around $8.85. Many argue these low-wage jobs are meant just for teenagers trying to make a little extra money, but studies have shown that people ages 25 to 54 hold the largest share of the country’s fast food jobs, and nearly 70 percent earn between $7.26 (just above the minimum wage) and $10.09. More than a quarter are supporting a child. And these poorly paid jobs are rarely a starting point to move up the corporate ladder: less than 9 percent of the industry’s employees become supervisors and just 2.2 percent hold managerial jobs.

These jobs pay so little, in fact, that fast food workers consume $243 billion in public benefits each year, such as food stamps and Medicaid, just to get by. They are also far more likely to be enrolled in these programs that the general workforce. McDonald’s itself has recognized how little its workers make by creating a budget template that suggests getting a second job and going without heat and advising its workers to sell Christmas presents for cash.

Yet fast food jobs represent a growing part of the economy. About half the jobs created during the recovery from the recession have been low pay, and they have increasingly replaced mid-wage jobs that existed before the crash. The growth in these jobs and the increasingly loud call from workers for a raise have been factors in the momentum behind a minimum wage raise at the federal level, where it has stagnated for four years and would be more than $10 an hour if it had grown with inflation or over $22 an hour if it had kept up with income growth at the very top. President Obama has backed a raise to $10 an hour and voters also support it. They increased wages on election day this year, including a raise to $15 an hour in a town in Washington state.

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Wise men learn more from fools than fools from the wise.

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IWISHIHAD
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Somehow the focus of these articles and strikes is on large names, but in reality it is about all businesses with basic unskilled jobs and even semi skilled jobs. What price should a business pay for their employees?

In the whole picture of things where do we end up as a nation if the minium wage continues to rise in all jobs, no matter what skill levels are needed?

Can the business owner pay for these increases and still exist, can the consumer pay the increase prices? Will there be any jobs available for the uneducated?

Are the people in these picket lines putting themselves and there families in the unemployment lines and on the street by pushing for much higher wages?

As this nation heads for more and more problems in the coming decades, what is going to happen in the coming years?

One thing for sure is that our privacy will be gone and anyone not having a perfect record and a good education will be much less likely to find any jobs!

-

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glassman
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quote:
Originally posted by IWISHIHAD:
Somehow the focus of these articles and strikes is on large names, but in reality it is about all businesses with basic unskilled jobs and even semi skilled jobs. What price should a business pay for their employees?

In the whole picture of things where do we end up as a nation if the minium wage continues to rise in all jobs, no matter what skill levels are needed?

Can the business owner pay for these increases and still exist, can the consumer pay the increase prices? Will there be any jobs available for the uneducated?

Are the people in these picket lines putting themselves and there families in the unemployment lines and on the street by pushing for much higher wages?

As this nation heads for more and more problems in the coming decades, what is going to happen in the coming years?

One thing for sure is that our privacy will be gone and anyone not having a perfect record and a good education will be much less likely to find any jobs!

-

my grandparents said much the same things thirty years ago....

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Don't envy the happiness of those who live in a fool's paradise.

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T e x
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You guys may be onto sumpin...

Don't pay MacDonald's for an overpriced burger.

Do business with only local folks.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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IWISHIHAD
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Originally Posted By Tex:

You guys may be onto sumpin...

Don't pay MacDonald's for an overpriced burger.

Do business with only local folks
-------------------------------------------------

The only problem is that the local folks will be out of business to, because they can't affford to pay the wage and make money on a burger.

The big chains will be all you will see if they survive, pretty much like the drug business. Walgreens etc.

--

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glassman
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i might eat at fast food joints more often if they actually served food

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Don't envy the happiness of those who live in a fool's paradise.

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CashCowMoo
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Ray: "If we cant all be rich, we should be equally poor"!

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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it's got nothing to do with being equally rich.

.
there is no such thing as a job that needs doing that is not worht a living wage. period.

i know, "living wage" has different meanings to differnt people. but food clothing shelter and basic health care are "living".. nothing short of that is "living"

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Don't envy the happiness of those who live in a fool's paradise.

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raybond
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Good lord cash $15.00 an hour is asking to be rich? What a joke that is I should not even be responding to that post.

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CashCowMoo
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quote:
Originally posted by glassman:
it's got nothing to do with being equally rich.

.
there is no such thing as a job that needs doing that is not worht a living wage. period.

i know, "living wage" has different meanings to differnt people. but food clothing shelter and basic health care are "living".. nothing short of that is "living"

What about a paper boy? Should that be a living wage?

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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NR
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"In order to sustain its life, every living species has to follow a certain course of action required by its nature. The action required to sustain human life is primarily intellectual; everything man needs has to be discovered by his mind and produced by his effort. Production is the application of reason to the problem of survival.

If some men do not choose to think, they can survive only by imitating and repeating a routine of work discovered by others - but others had to discover it, or none would have survived. If some men do not choose to think or to work, they can survive (temporarily) only by looting the goods produced by others - but others had to produce them, or none would have survived. Regardless of what choice is made, in this issue, by any man or any number of men, regardless of what blind, irrational, or evil course they may choose to pursue - the fact remains that reason is man's means of survival and that men prosper or fail, survive or perish in proportion of the degree of their rationality."

...

"The economic value of a man's work is determined, on a free market, by a single principle; by the voluntary consent of those who are willing to trade him their work or products in return. The is the moral meaning of the law of supply and demand; it represents the total rejection of two vicious doctrines; the tribal premise and altruism. It represents the recognition of the fact that man is not the property nor the servant of the tribe, that a man works in order to support his own life - as, by his nature, he must - that he has to be guided by his own rational self-interest, and if he wants to trade with others, he cannot expect sacrificial victims, i.e., he cannot expect to receive values without trading commensurate values in return. The sole criterion of what is commensurate, in this context, is the free, voluntary, uncoerced judgement of the traders."

- Ayn Rand "Capitalism: The Unknown Ideal"

http://www.aynrand.org/site/PageServer?pagename=objectivism_nonfiction_capitalis m_the_unknown_ideal

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IWISHIHAD
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NR, the above statement i think is the key to this whole issue, if i understand it correctly.

You can keep raising the minium wage on all jobs so that all indivuals meet the reqirements that Glassman indicated. But in the end you have to keep raising that number on every job, so that next week it will need to be $30 dollars an hour.

As much as i believe it to be a nice idea, the reality is not there to keep every indivual meeting Glassmans stardard and keep a somewhat free marketplace and nation. At least as free as it is in todays standard.

It can't keep happening, but i don't really have a good solution to keep people off the streets, other than to give away enough to keep them in Glassmans standard. Everyone will suffer that has a medium wage if it continues, because of the lack of having any purchasing power with their money.

-

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Pagan
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quote:
Originally posted by IWISHIHAD:
NR, the above statement i think is the key to this whole issue, if i understand it correctly.

You can keep raising the minium wage on all jobs so that all indivuals meet the reqirements that Glassman indicated. But in the end you have to keep raising that number on every job, so that next week it will need to be $30 dollars an hour.

As much as i believe it to be a nice idea, the reality is not there to keep every indivual meeting Glassmans stardard and keep a somewhat free marketplace and nation. At least as free as it is in todays standard.

It can't keep happening, but i don't really have a good solution to keep people off the streets, other than to give away enough to keep them in Glassmans standard. Everyone will suffer that has a medium wage if it continues, because of the lack of having any purchasing power with their money.

-

Just wondering, could you survive on less than $1000 a month?

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It is impossible to make anything foolproof because fools are so ingenious.

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glassman
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quote:
Originally posted by CashCowMoo:
quote:
Originally posted by glassman:
it's got nothing to do with being equally rich.

.
there is no such thing as a job that needs doing that is not worht a living wage. period.

i know, "living wage" has different meanings to differnt people. but food clothing shelter and basic health care are "living".. nothing short of that is "living"

What about a paper boy? Should that be a living wage?
what paperboy? what paper? i was a paperboy when i was a boy.... i was replaced by an adult and i haven't seen any since i did it in the 70's...

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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good question pagan.

also? it would be nice if we had kids jobs like paperboy today..

we don't. period, end of discussion. I do not see kids working at walmart, or at fast food joints...

remebr that even tho a ten dollar an hour worker pays no INCOME tax? they still get 1/3 of their pay taken out in SS and whatever else it s=is they remove form yor checks...


In MS? 10 bucks and hour is living wage. Barely... In SoCali? We could not rent a room in a house for what you can rent a whole house for here....

keep in mind that i am not even arguing for "better pay" due to my "love" of people. it's simple Capitalistic Facts. As a Capitilistic Vendor? I NEED customers with money to spend. it's not complicated. In fact it's very simple.

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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IWISHIHAD
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Originally Posted By Pagan:

Just wondering, could you survive on less than $1000 a month?
-------------------------------------------------
Has nothing to do with my point.

What will it take now? And what will it take in five years or more?

Your not going to employ this nation, and if you keep up with these raises in wages that exceed what many small businesses can afford, you are going to have more and more people unemployed and a lot less businesses.

Free money will be the only solution.

I think you have to hit hard on the top end of wealth(oil etc), not the middle or middle top.

How to accomplish that would be to some how make it to their great advantage to part with a lot of their great wealth and re-invest in the middle and lower class.

I am sure some of us could make some very strict suggestions to take care of this problem.

-

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glassman
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they need to re-instate Glass-stegal too Iwish.

the Volcker rule just got passed by all five regualtroy bodies, but it won't be enough.

i get tired of hearing about how the investors (the 1%) are the employers...

they aren't employing Americans anymore, and haven't been for about 20 years.. . they employ Chinese and Begladeshis and Indonesians... that's all fine and good for them (maybe) but there is almost no investment in the USA businesswise or infrastructure wise...

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Don't envy the happiness of those who live in a fool's paradise.

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T e x
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trying to get some sense of the discussion, here.

Have we agreed that the most, basic skilled worker should be paid about $17 to $19 an hour?

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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IWISHIHAD
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Originally Posted By Tex:

trying to get some sense of the discussion, here.

Have we agreed that the most, basic skilled worker should be paid about $17 to $19 an hour?
------------------------------------------------

Good Luck.

Need to define basic skilled?

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IWISHIHAD
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Originally Posted By Glassman:

they aren't employing Americans anymore, and haven't been for about 20 years.. . they employ Chinese and Begladeshis and Indonesians... that's all fine and good for them (maybe) but there is almost no investment in the USA businesswise or infrastructure wise...

--------------------

That would be a nice start in bringing some employment back our way, as we have discussed in the past.

But again that is the larger businesses in general, which is a very small percentage of actual busineses in the US. But it also is a pretty substantial amount of money compared to all the small businesses.

Also would be nice if so much money doesn't leave the US, back to where the cost of living is much cheaper. Quite a few of your burger flippers and other lower end jobs are sending a good percentage of there money elsewhere.

-

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IWISHIHAD
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Originally Posted By Glassman:

i know, "living wage" has different meanings to differnt people. but food clothing shelter and basic health care are "living".. nothing short of that is "
------------------------------------------------
"living" as you state is separate from a wage.

Wage should have nothing to do with this criteria... living

Now we can talk about a wage and what a minium skilled person should get in a wage.

Where should this money come from to pay for living? especially since the more in the future we go, the less jobs there will be for the growing populations of the world.

Some think people can't get jobs because they are lazy, so that is their problem. In some cases that might be true.

But we all know in reality, that there are more and more people in the world and less and less jobs due to technology, and as time goes on unemployment for more of the population is the reality.

History proves that.

Raising the minium wage is not the solution, it just is an effort to hide the truth, and most do not want to see these basic "living" needs given away.

What are the solutions to more jobs... hopefully Space

-

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NR
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quote:
Originally posted by T e x:
trying to get some sense of the discussion, here.

Have we agreed that the most, basic skilled worker should be paid about $17 to $19 an hour?

I don't agree to that...

Who decides what the definition of a "basic skilled worker is"?

Who decides how much said worker should earn?

Who decides what a "living wage" should be?

I think we ought to just let the basic laws of supply and demand decide those kinds of issues, not the Government, the banks, or possibly even the voters, since there seems to be so many whom don't even understand basic economics.

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One is never completely useless. One can always serve as a bad example.

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NR
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quote:
Originally posted by CashCowMoo:

Dont you think that massive debt, and massive spending devalue the dollar quite a lot to make things more expensive to buy. That is the real problem.

I agree with you here Cash, inflation is a big part of the issue. Anyone who knows what a Gold or Silver Certificate is should agree. The Government has "hijacked" the value of your dollar and watered it down to nothing. This is something everyone who posts on a stock forum should understand.

No matter how hard you work, (apparently twice as hard since 1968 according to Raybond's article), the object you trade your hard work for, (and the priceless fixed and finite moments of YOUR LIFE), is nothing but an empty promissory note, who's true value is determined by a bunch of political appointees that you don't even get to vote for.

The US dollar has become just like a crappy .pk stock. Nobody knows exactly how many shares are really outstanding, and those in charge are authorized unlimited shares... I've lost enough money trading .OB's and .PK's over the years to know what a "bagholder" is.

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One is never completely useless. One can always serve as a bad example.

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IWISHIHAD
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Originally Posted By NR:

The US dollar has become just like a crappy .pk stock. Nobody knows exactly how many shares are really outstanding, and those in charge are authorized unlimited shares... I've lost enough money trading .OB's and .PK's over the years to know what a "bagholder" is.
------------------------------------------------
Perfect explanation of our economy!

Posted in the right place, most of us should completely understand your definition.

Been awhile since i have been a bagholder, but i am sure that day awaits me again.

This one gave me a good laugh, but sometimes the truth does that to me, just after i cried when i saw where my money went.

-

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glassman
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bagholders are in no way limited to Piks and OTC. include lehamn bros.. merryl Lynch? Enron, wachovia? hafl the mortgage co's in biz in 2006? - i can name you about 50 that i have watched flameout that were not pink. heck my mortgage co and one of my own stcok brokers had to be taken over...


i don't think lazy peopel should be rewarded, but how do you define laziness?

to me? people who cut corners are lazy too.. and IMO the lazy corporate people are much more dangerous to society than the couchpotatoes and the homeless are [Wink]

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Don't envy the happiness of those who live in a fool's paradise.

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IWISHIHAD
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Originally Posted By Glassman:

i don't think lazy peopel should be rewarded, but how do you define laziness?
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"Living" in my opinion has nothing to do with being lazy or any other term someone might place on people.

It has to do with not dying far before your time because society wants someone to beat on.

A wage should be something you get to motivate people beyond the basic needs of living.

Then we can title people as being lazy etc.

We need to start this idea first here at home, before we send all this money out of the US. When all our homeless etc. are taken care of, then we can work on the rest of the world.

Some people are more worried about animals etc. than they are about people, not they i don't like animals.

Sometimes the priorities of this nation are really screwed up, mainly because indivuals get a lot of attention by supporting charties of all types, when in my opinion the ones that support life and living of people should come first.

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Posts: 3875 | From: ca. | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
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Glass, I wasn't trying to argue that .pk and .ob were the only ways you can get scammed playing the market. Investing requires risk, and some of that risk is the risk of being scammed regardless of what kind of stock your are investing in. However, you have to admit, it is much, much easier to scam people when your stock isn't required to give critical information to the investors or have any sort of regulatory oversight, and IMO, this is how the US government is behaving when it comes to printing dollars.

If I am going to trade the product of my time, effort, and intellect, for a piece of paper in order to facilitate trade with others for the things I need to survive in this life, I sure as hell want to know that someone isn't messing with the exchange rate, in order to steal from me what I have earned fair and square.

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One is never completely useless. One can always serve as a bad example.

Posts: 2402 | From: CA | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
T e x
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The pinks and ob? Wow, how things change, huh?

Anybody ever wonder what P Gurl is doing?

No controversy intended.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
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BTW, Glassy Eyed Bozo is onto sumpin: look at Bear-Stearns and Lehmann Bros.

Talk about lazy...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
IWISHIHAD
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You guys are just kidding yourselves if you think raising the minium wage is really going to solve any problems.

Again all you need is to check back in history from lets say the 50's on and see if any real differance has been made in the homeless etc.

You raise the lower end and everyone else will also need a raise eventually.

Business will not absorb these costs, so when you go to buy food etc. it will just cost more, so the raises will not be enough, so the cycle continues.

You guys no that, it's just that there is no solution that can be used at this point.

My solution is the best, just give people the basics, but goverment would have to be involved with my thoery and we know how well they have taken care of SS.

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IWISHIHAD
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Hike the minimum wage. For politicians trying to show their concern for those on the lower rungs of the economic ladder, it’s a simple solution. It’s catching on again, with several states and municipalities approving local hikes, and a proposal before Congress to hike it by an unprecedented amount, from $7.25 to $10.10 per hour over the next two years.

Unfortunately, this seemingly obvious remedy is also a very bad idea, not only for the economy as a whole, but for the low-wage workers it is supposed to help.

Indeed, studies show that the latest congressional hike would likely eliminate some 300,000 jobs per year and lower our national economic output by more than $40 billion annually. Why? Because raising the cost of labor naturally makes it more expensive to hire, leading cash-strapped employers with no choice but to slow down or freeze hiring.

Those who blithely propose large minimum-wage increases are ignoring a basic economic truth: When you raise the cost of something, you slow down the rate at which people purchase it. They buy less. So an employer who might decide to hire another worker when the cost is relatively low will forgo that expense when it gets too high.

That, in turn, can be bad news for those who already work for that employer. He may have no choice but to work his other employees harder, when he could have taken a chance on an unskilled worker and given that individual a chance to prove himself and to move up.

That, incidentally, is the great truth that all too many people on both sides overlook: Relatively few people actually earn the minimum wage. Less than 3 percent of all workers earn $7.25 an hour. For the vast majority of low-skilled or unskilled workers, that amount is simply a starting salary that gets them in the door and gives them a chance to advance.

Most workers do just that. They move up. After being hired for the minimum wage, they learn valuable skills that help them move up the economic ladder. Two-thirds of them get a raise within a year.

Many of today’s entrepreneurs and success stories began their careers in very humble employment circumstances. “Actress Patricia Richardson, star of the ABC sitcom ‘Home Improvement,’ scrubbed bathroom floors and toilets in a hotel,” notes Policy Review. “Telecommunications executive John J. Sie worked on the assembly line of a stapler factory. Ivan Seidenberg, the chairman and CEO of NYNEX, was a janitor.”

Not everyone rises to the top, of course, but entry-level jobs such as these — the same kind that will be in shorter supply if the minimum wage is hiked precipitously — have helped millions of Americans (most of whom are between the ages of 16 and 24 and work part time) learn the basic skills needed to succeed in any field: Show up on time. Look neat. Be courteous. Most of all, work hard.

Wendy’s founder Dave Thomas is among those who learned those lessons firsthand. He started off working in a diner owned by two Greek immigrant brothers. “They taught me the importance of being polite and of praising people for a job well done,” Thomas said. “From them I learned that if you work hard and apply yourself, you succeed. It’s really not that complicated.”

However, if the politicians who want to jack up the minimum wage get their way, things are about to become a whole lot more complicated, both for workers and the economy.

Worse, says Heritage labor expert James Sherk, the minimum wage has already been hiked to more than $10 an hour, at least in effect. Why? Because of Obamacare’s mandate that employers provide “qualifying” health coverage or be penalized. Once the mandate kicks in in 2015, hiring costs will go up still more for employers.

Low-paying jobs have given millions of Americans with no work skills the opportunity to step on the ladder of success, where they can rapidly advance to higher-paying jobs. Why cut off the bottom rung by hiking the minimum wage so dramatically?

Originally published by The Washington Times.

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