General Discussion

PowerToThePeople

(9,610 posts)

34. supply vs demand

Fri Nov 22, 2013, 01:16 PM

Nov 2013

We are overproducing at extremes currently. We do not need "increased output." I am not sure what theory you are quoting from as I am not an economics person, but it is probably based on some idealized, infinite growth, potential form of capitalism which can not exist in a world of limited resources. It is bullshit. And, it is taught over and over to economics majors who tend to not have very strong math backgrounds. Hard to understand that which you do not have the background (and possibly mental aptitude) to understand. Also, economics majors typically have their livelihood tied to the capitalist system. Therefore they are very unlikely to turn around and decry that system for the scam and lie that it is. Ok, my kind of ramble is over.

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Shame... [View all] sheshe2 Nov 2013 OP

raising minimum wage will not help PowerToThePeople Nov 2013 #1

Yes it will, there are many steps in the equation. sheshe2 Nov 2013 #7

No it will not PowerToThePeople Nov 2013 #8

So, what is your solution? The Global Corps seem to think no minimum wage works just fine sabrina 1 Nov 2013 #9

It is a shame PowerToThePeople Nov 2013 #11

Thank you sabrina. nt sheshe2 Nov 2013 #12

Yes I do want to see a prosperous middle class. sheshe2 Nov 2013 #14

You are correct PowerToThePeople Nov 2013 #16

No gains? Seriously? sheshe2 Nov 2013 #18

Middle class has not become minimum wage workers PowerToThePeople Nov 2013 #21

By whose definition??? happyslug Nov 2013 #26

Let me clarify PowerToThePeople Nov 2013 #27

When Working Class is an Option, half of the "Middle Class" opts for it. happyslug Nov 2013 #28

Raising the minimum wage has effects beyond paychecks for the poor. jeff47 Nov 2013 #29

That is what we call inflation PowerToThePeople Nov 2013 #30

Only if the economy is already running at or near capacity. jeff47 Nov 2013 #31

supply vs demand PowerToThePeople Nov 2013 #34

Your first sentence is utterly and completely false. jeff47 Nov 2013 #36

..... PowerToThePeople Nov 2013 #37

Pointing to the same wrong things does not make them right. jeff47 Nov 2013 #38

we have very different views on this PowerToThePeople Nov 2013 #39

So balsa is stronger than steel? jeff47 Nov 2013 #40

we are going nowhere PowerToThePeople Nov 2013 #41

The current unemployment rate is an unsupported statistic? jeff47 Nov 2013 #42

That is exactly what is happening and there is no mechanism to stop it, so Egalitarian Thug Nov 2013 #44

Wall Street just broke another record but Republicans keep saying "We're broke". Spitfire of ATJ Nov 2013 #15

Ok. PowerToThePeople Nov 2013 #17

Easy. Raise taxes on the rich but then let them claim payroll as a business deduction.... Spitfire of ATJ Nov 2013 #19

Isn't payroll already a deduction? PowerToThePeople Nov 2013 #22

It got to be more of an expense thanks to changes in the tax code.... Spitfire of ATJ Nov 2013 #23

"unspent profits tax", exactly. The best way that I know of to accomplish it is a Egalitarian Thug Nov 2013 #46

The purpose of an "unspent profits tax" is to get business to invest in R&D as well. Spitfire of ATJ Nov 2013 #47

k&r... spanone Nov 2013 #2

Recommended. NYC_SKP Nov 2013 #3

K & R giftedgirl77 Nov 2013 #4

I think we do, she.. Cha Nov 2013 #5

Yes... sheshe2 Nov 2013 #6

Clean the effing house! Iliyah Nov 2013 #10

The Republicans claim it's from two things... Spitfire of ATJ Nov 2013 #13

Around 1980 something really reversed in this nation. We'd been making progress with maddiemom Nov 2013 #20

Interesting perspective. n/t Laelth Nov 2013 #33

Typical GOP response: "Then why are immigrants beating down our doors trying to move here?" ErikJ Nov 2013 #24

CONgress is too busy counting its offshored Billions, to worry about peons starving in the streets! blkmusclmachine Nov 2013 #25

We DO need to raise the minimum wage. k&r n/t Laelth Nov 2013 #32

a friend sent this to me to "like" on FB. i do not know if it does any good, but i "liked" it. seabeyond Nov 2013 #35

Thank you sebeyond, sheshe2 Nov 2013 #43

KICK!! REC! Demo_Chris Nov 2013 #45