General Discussion

PD Turk

(1,289 posts)

44. answer me this if you would

Sat Sep 22, 2012, 06:34 PM

Sep 2012

Why is it that increases in line workers wages makes the price of goods and services but the CEO and top execs can get all the increases they want without prices going up?

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If workers were paid a living wage there would be more taxpayers. [View all] Waiting For Everyman Sep 2012 OP

And if billionaires paid their fair share nichomachus Sep 2012 #1

If the cost of labor increases it will force the price of products and services to increase. Not jody Sep 2012 #2

Not if the top stops raking in 8 and 9 figure compensation. Waiting For Everyman Sep 2012 #5

You need to study economics 101. nt jody Sep 2012 #8

I have. Waiting For Everyman Sep 2012 #10

Then take what you learned, start your own business, and prove your theory. nt jody Sep 2012 #17

I've started and run several, how many have you? n/t Waiting For Everyman Sep 2012 #18

Prove your assertion by posting your income tax records below. nt jody Sep 2012 #19

Lol! Sure. Waiting For Everyman Sep 2012 #20

Have you studied macro? laundry_queen Sep 2012 #33

See #2 nt jody Sep 2012 #42

How does that apply to small businesses? hack89 Sep 2012 #53

I call bullshit abelenkpe Sep 2012 #13

Cursing does not alter the economic facts of production. Central committees have tried to set cost jody Sep 2012 #16

Why was our most prosperous time when our unions and middle class were strong. abelenkpe Sep 2012 #23

Thanks for reading my other posts. Back to the issue, how do you believe raising the minimum wage jody Sep 2012 #24

Then labor can then afford the higher costs leftstreet Sep 2012 #30

answer me this if you would PD Turk Sep 2012 #44

I never said that. nt jody Sep 2012 #45

I didn't say you did PD Turk Sep 2012 #46

Don’t confuse how a business distributes profits it earns among all classes of labor and jody Sep 2012 #47

Fair enough PD Turk Sep 2012 #49

Good question. I’ll let Obama answer it because he has access to the best brains on the jody Sep 2012 #55

Well I hope he wins PD Turk Sep 2012 #56

What's So Horrible About Slightly Higher Prices Any Way? Yavin4 Sep 2012 #50

We just print more money, and everything balances out. No problem. cherokeeprogressive Sep 2012 #68

no it wouldn't... fascisthunter Sep 2012 #51

So what is your suggestion to stop the shrinking middle class? Incitatus Sep 2012 #57

#55 jody Sep 2012 #69

That's kind of a cop out. Incitatus Sep 2012 #78

LOL I'll comment on a president's answer to your question. Why don't you write a LTTE and ask jody Sep 2012 #79

Yeah, that's about the response I expected. Nt Incitatus Sep 2012 #80

What's your problem, don't you trust our president to give you a coherent answer? nt jody Sep 2012 #81

Well sure, to maintain profit margains.That's understandable. Edweird Sep 2012 #71

You acknowledge a raise in cost of labor affects profits. I assume you understand that businesses jody Sep 2012 #73

Agree completely abelenkpe Sep 2012 #3

Then they can be like the newspaper owner that just shut down the business for showing Kate's dkf Sep 2012 #4

Let them. The almighty market will adjust to meet the demands that are there, right? Waiting For Everyman Sep 2012 #7

Lots of media nowadays. But for the workers, will they replace their income? dkf Sep 2012 #9

If a demand is there, a new company forms, the workers get hired -- not complicated. n/t Waiting For Everyman Sep 2012 #11

Cant have demand if workers don't make decent wages. nt abelenkpe Sep 2012 #14

Exactly, and that's our problem. Waiting For Everyman Sep 2012 #15

Precisely, and those 2nd and 3rd jobs cpamomfromtexas Sep 2012 #6

It also squeezes those that are above minimun PowerToThePeople Sep 2012 #12

Why just double it? Let's make it $50/hr hughee99 Sep 2012 #21

This is why. PowerToThePeople Sep 2012 #25

Actually, I agree with you hughee99 Sep 2012 #27

not "raising ALL wages" PowerToThePeople Sep 2012 #29

If you want to piss workers off, hughee99 Sep 2012 #31

I'm Union. IBEW. Contract linework. Edweird Sep 2012 #72

So people that have much more experience SickOfTheOnePct Sep 2012 #35

Huh PowerToThePeople Sep 2012 #36

Did you read the OP? SickOfTheOnePct Sep 2012 #38

ok, my apologies. PowerToThePeople Sep 2012 #40

No worries SickOfTheOnePct Sep 2012 #41

And that happens because the entire premise of the system is faulty laundry_queen Sep 2012 #34

There is only so much planet to go around. PowerToThePeople Sep 2012 #37

Yep. laundry_queen Sep 2012 #39

paid a living wage there would be more taxpayers Flashmann Sep 2012 #22

Perfectly stated. Octafish Sep 2012 #26

. n/t porphyrian Sep 2012 #28

There is no better way to reduce the defecit hifiguy Sep 2012 #32

Eureka Fair Wage Act $12.00 for Large Employers - Small Business Exempt eurekaworkers Sep 2012 #43

Two things billionaires hate. hay rick Sep 2012 #48

yes, but folks like jody would have to cut back on leisures in life fascisthunter Sep 2012 #52

This message was self-deleted by its author HangOnKids Sep 2012 #58

Love You fascisthunter Sep 2012 #59

My kids would be jealous HangOnKids Sep 2012 #60

HA! Back from Italy? fascisthunter Sep 2012 #61

Yah. In No CA Now HangOnKids Sep 2012 #62

Awesome... wine country, huh? fascisthunter Sep 2012 #63

Small one HangOnKids Sep 2012 #64

ha ha Ha!!!! Awesome! fascisthunter Sep 2012 #65

You cannot implement these changes without violating our Constitution. Zax2me Sep 2012 #54

Increasing the minimum wage and raising taxes on the rich is unconstitutional? Major Nikon Sep 2012 #66

In 1944 and 1945 the top tax rate was 94%. What constitutional violations took place? Edweird Sep 2012 #70

I'm all for raising the minimum wage, but I have a better idea Major Nikon Sep 2012 #67

I think they can both work together. Not everyone will be union. Edweird Sep 2012 #74

I agree Major Nikon Sep 2012 #75

Yes. Collective bargaining created the middle-class and the benefits they gained for their Egalitarian Thug Sep 2012 #76

I'm not convinced there can be no unity Major Nikon Sep 2012 #82

I don't think there can never be, just that there hasn't yet and won't be as long as they Egalitarian Thug Sep 2012 #83

Yep. First they depress wages, then they complain that we're not paying enough income tax. Marr Sep 2012 #77