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Resetting the standard on Minimum Wage
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Jun 6, 2014 11:08:43   #
PNagy Loc: Missouri City, Texas
 
SteveR: The only way that I can respond to Nagy is that it should be the goal of every American to get out of a minimum pay job.


Nagy: You really are not restricted to that response. You could have answered the questions I raised.

1. Why should anyone be required to work full-time for a wage that does not meet minimum expectations?

2. Why should a self-professed "saved" Christian support a system that amounts to theft of labor?


SteveR: I have a feeling that if $15 becomes minimum pay, many will become satisfied and it will become a motivation killer.

Nagy: What nonsense! A motivation killer for what? Working full-time? Acquiring additional credentials to make more than $15 an hour? A person making $15 an hour can actually make some sacrifices to pay for the current nearly unaffordable cost of higher education, whereas a significantly smaller amount of pay makes further education virtually impossible.

Your problem, Steve, is that you are either a part of the plutocracy, or a wannabe who thinks he is destined for it, and will support any vicious rights wing policy that oppresses millions. Is that applied Christianity, or punch in the face social therapy?

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Jun 6, 2014 11:43:57   #
PNagy Loc: Missouri City, Texas
 
yhtomit wrote:
I knew you were a tax cheater.When you don't pay your taxes
you are ripping off everyone.Your a well spoken thief at best.
I see your not above childish name calling also.This speaks to your lack of character and integrity.



So right; I failed to report to the IRS paying someone for helping me move. Everyone else does that. For example, I am sure if you have ever bought something from a neighbor, you made a report to the IRS. Cheating everyone else? Of what? Given the kid's lack of income, I probably cheated the federal government of absolutely nothing. Why don't you drop dead, Vomit?

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Jun 6, 2014 11:51:54   #
rrforster12 Loc: Leesburg Florida
 
PNagy wrote:
So right; I failed to report to the IRS paying someone for helping me move. Everyone else does that. For example, I am sure if you have ever bought something from a neighbor, you made a report to the IRS. Cheating everyone else? Of what? Given the kid's lack of income, I probably cheated the federal government of absolutely nothing. Why don't you drop dead, Vomit?


Nastiness has no place in our debates.

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Jun 6, 2014 12:57:11   #
yhtomit Loc: Port Land. Oregon
 
PNagy wrote:
So right; I failed to report to the IRS paying someone for helping me move. Everyone else does that. For example, I am sure if you have ever bought something from a neighbor, you made a report to the IRS. Cheating everyone else? Of what? Given the kid's lack of income, I probably cheated the federal government of absolutely nothing. Why don't you drop dead, Vomit?


If I bought something from my neighbor why would I have to report it to the IRS?
I'm well on my way to dropping dead.Thank you.

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Jun 6, 2014 18:41:52   #
PNagy Loc: Missouri City, Texas
 
yhtomit wrote:
If I bought something from my neighbor why would I have to report it to the IRS?
I'm well on my way to dropping dead.Thank you.



I am in deep mourning.

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Jun 6, 2014 21:25:26   #
WNYShooter Loc: WNY
 
PNagy wrote:

Nagy: This is pure speculation. Raising the minimum wage does indeed have certain effects on the economy, but these must be weighed against one another in order to gauge their overall impact. For example, the cost of living will undoubtedly increase. That does not mean that the wage increase has been canceled out. As a matter of fact, logical reasoning, of which you are not capable, indicates that it should not, as the increased bottom end spending should stimulate the creation of additional goods and services. Still, even that is speculation.

In order to have an effective answer, you should have compared the median income of the nation against its expenses at the time the minimum wage increase came into effect against the same factors six months later. You have not done this, since it is so much easier for you to factspeak.

br Nagy: This is pure speculation. Raising the mi... (show quote)


WOW, you really should read a book or two on basic micro and macro economics. You're suggesting that a multiplier effect of higher national minimum wage will null out any resulting increased cost curve, but without factoring in the classes who will be affected negatively, such as those on fixed income, or populations in areas with lower economic realities.

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Jun 6, 2014 22:37:09   #
PNagy Loc: Missouri City, Texas
 
"WOW, you really should read a book or two on basic micro and macro economics. You're suggesting that a multiplier effect of higher national minimum wage will null out any resulting increased cost curve, but without factoring in the classes who will be affected negatively, such as those on fixed income, or populations in areas with lower economic realities."

Wow, you really should divest yourself of your incredible delusions of intellectual superiority. I have not taken account of every factor, because that is impossible; there are too many of them. Whatever number I have calculated, you could find one I left out and pretend that the single item throws the entire equation under shadow.

I understand that there are winners and loser of any policy, therefore the net effect is most crucial, with some safeguards for those who are likely to be dropped into the cracks. The way to solve the fixed income is to make it not so fixed, but dependent on the cost of living. That is already done to an extent, but not enough.

As to the effect of minimum wage on median or average wealth, I have listed my speculation as exactly that, although I did offer solid reasons. I know exactly how to calculate it, although it is tedious and time consuming enough to be off my current schedule. I will share it with you, oh legend of your own mind.

Calculate the percentage of disposable income the average person has at the moment a minimum wage increase becomes valid. Compare it to the same every month for at least six months. Do the same for every raise in the minimum wage since 1950. There are 20 of them. Average them to have a very reliable answer about such effect of minimum wage. (Would you like to lecture me on why it is important to average, instead of taking a single instance?)

I will do it when I have time, because though you pretend you know so much about economics and I do not, every time I conduct such an analysis it proves you righties to be liars. I did it with re the contention that raising the minimum wage will cause a huge increase in unemployment. On average, it actually resulted in a .041% drop.

I have no doubt that analyzing the effect of minimum wage on disposable wealth, or average real income, or net income gain over inflation will show again that I am right. I said nothing about every last element of society benefitting equally, as you pretend I implied, in order to drop your stupid criticism. I am stating that I have no doubt that a modest increase in minimum wage will increase all the factors listed in the previous part of this paragraph.

Now why don't you assign me a reading list of some of the greatest economists so you can gloat over your brilliance.

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Jun 9, 2014 10:29:18   #
PNagy Loc: Missouri City, Texas
 
Vomit: I see your not above childish name calling also.This speaks to your lack of character and integrity.

Nagy: You are a loathsome creature. First you talk down to me with language like " how dare youÂ…" which is used by imperious adults on children they do not respect. Then you cry about my response in kind. You obviously have all sorts of illusions about the shadow you cast. You should be more aware of the stench that trails behind you.

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