The Democrat Party's Base Speaks Out

**Blue** · 30 Jul 09,, 23:41

Originally Posted by gunnut

Is it "Misery" or "Mizoruh?"

Depends on who is in office.

**gunnut** · 31 Jul 09,, 00:04

Originally Posted by ArmchairGeneral

Putting the minimum wage so high that even the economists who like minimum wage think you're crazy. Although it sure would be an interesting experiment. I think the UN should set up a new country specifically designed to run economics experiments. Turn economics into a real science. :D

Oooh that'll be interesting to see.

I nominate San Francisco. I know it's not a country, but let's do it anyways. :P

**Roosveltrepub** · 31 Jul 09,, 00:37

Originally Posted by gunnut

Oooh that'll be interesting to see.

I nominate San Francisco. I know it's not a country, but let's do it anyways. :P

I nominate orange county it's already gone bankrupt

**Roosveltrepub** · 31 Jul 09,, 00:38

Originally Posted by Dreadnought

*Never had anything "given" to me and it tought me just fine that if I wanted something that bad I would work to get what I wanted.

no bday gifts ever?

**gunnut** · 31 Jul 09,, 01:03

Originally Posted by Roosveltrepub

I nominate orange county it's already gone bankrupt

We got out of it in 2 or 3 years back in the 1990s. Now CA state wants to seize local property taxes to fill the gigantic budget hole created by chronic overspending. Cities are suing. Oh it's gonna be a good one.

And why Orange County? We don't believe in minimum wages. Try Santa Monica. Minimum wage there is $12.75...I shit you not.

**ArmchairGeneral** · 31 Jul 09,, 01:26

Good lord. I don't suppose California has city by city data on unemployment rates?

**gunnut** · 31 Jul 09,, 05:27

Originally Posted by ArmchairGeneral

Good lord. I don't suppose California has city by city data on unemployment rates?

Here you go:

Unemployment Rates, California LaborMarketInfo

**gunnut** · 31 Jul 09,, 05:28

I just remembered to watch the video Bluesman posted at the begining...

My favorite part: she said things can last forever if we put them in the freezer, they might go bad...but they'll last forever...

**Aeolusdallas** · 31 Jul 09,, 18:36

Originally Posted by Bluesman

Ole-What's-'er-Name and I had the exact same conversation. WHAT is she qualified to do that anybody would pay her for? I mean, except for the obvious. And if she'd been doing that instead of make a complete fool of herself in front of the city council meeting, perhaps she'd have more respect. AND she couldn't have talked at the same time, so, ya know, it's a win-win.

I'd like to point out my original point of this thread: is there any doubt at all who she supported for President in the last election? Is there any doubt which political party she identifies with?

She supports Bush. She specifically supports him during her crazy stream of consciousness rambling.

**~~pate~~** · 31 Jul 09,, 21:43

Originally Posted by Roosveltrepub

Inflation is tied in theory not in practice. wages are a tiny part of overhead. a 1% increase in wages doesnt equate to a 1% increase in cost.

1% increase in wages is a cost to the business, it results in a corresponding decrease in profit. For some small businesses the 1% increase in wage costs could equate to far more than a 1% decrease in profits. Some small businesses don't even have a profit margin, i.e. taxes, wages, stock, rent, utilities are paid for by %100 of the business income. If you raise the wages (and taxes [fine; medicare or whatever] the employer has to pay on those wages) they have to make that up somewhere or go out of business. The only place to find the 'extra' money in a case like that is to raise your product cost, or fire somebody.

Assuming a small business doesn't fire anyone, they have increase the cost on whatever they sell by the new amount they have to spend on wages (don't forget to add in the dollars the small business has to match in unemployment, medicare, & fica or whatever). SO I'd say you are correct a 1% increase in wages does not equate a 1% increase in cost. More likely a 1% increase in wages is something like a 1.00001% increase in cost.

As for large businesses with an expected actual profit margin of X%, (again assuming they don't fire anyone) they will make the extra money up in increased product cost. Unless they are willing to live with a profit margin of X-1%, to the owner of the business that minus 1% profit could mean anything from 'one less Big Mac' a week to 'one less trip to the Caymans a year' in either case, the big business owner doesn't want to give up his standard of living anymore than anyone else, so I'm betting that no one is going to settle for the X-1% profit margin. Which leaves two options: inflation (raising prices) or the other thing more unemployement (fewer people employed with the remaning ones still responsible for feeding the unemployed, which is net inflation since now you not only have to feed yourself, but your brother who has lost his job.)

You just can't 'grow the pie' the best you can do with the pie is cut it into more (smaller) pieces. The value of a slice of pie decreases inversely proportional to the number of slices. Nor can you take a slice of pie and call it a whole pie and divide it up accordingly (the 'bake another pie' theory)...

It's just Pi man...

I think I managed to confuse myself here...