Essential Economics for Politicians

[Hüsker Dü]

What the hell?
I said we would rebuild and bail out as usual.
Probably without a thank you, thank you.

This is one of your standards, btw. "everyman for himself" lol.

So you are saying you see that in a positive light or will you go noncommittal like always?

 

[nononono]

So you are saying you see that in a positive light or will you go noncommittal like always?

 

[Bruddah IZ]

The Tyranny of Administrative Power
https://fee.org/articles/the-tyranny-of-administrative-power/

The most dangerous threat to freedom doesn't come from the President or the legislature, but from unelected officials making unchecked decisions.

 

[xav10]

The ‘Fight For 15’ Is Another Tool For Big Businesses To Kill Competition

https://fee.org/articles/the-fight-for-15-is-another-tool-for-big-businesses-to-kill-competition/

The Real Beneficiaries

For instance, if the minimum wage was $8 and the union wage was $40, employers give up 5 hours of low-skilled work for every union worker-hour utilized. But if the minimum hourly wage were increased to $10, employers would only be foregoing 4 hours of low-skilled work for every union worker-hour employed. Consequently, it is no wonder unions, whose self-interests are advanced whether or not low-skill workers benefit, are the primary backers of minimum wage campaigns.

From the article, it sounds like unions argue for minimum wage hikes because it benefits them and also harms non-union labor.
So they make more money. What are they doing wrong then? I didn't really get the part about how it helps big business.

 

[Bruddah IZ]

From the article, it sounds like unions argue for minimum wage hikes because it benefits them and also harms non-union labor.
So they make more money. What are they doing wrong then? I didn't really get the part about how it helps big business.

Big businesses can sustain government mandated incremental wage increases where small business cannot. Big business isn't doing anything wrong. Government is.

 

[xav10]

Big businesses can sustain government mandated incremental wage increases where small business cannot. Big business isn't doing anything wrong. Government is.

well, if you take that libertarian-ish view that markets work when everyone acts in their best interest, you have a point...and big business isn't doing anything wrong. the problem is the government's "best interest" is big business, so that skews things. the unions aren't doing anything wrong either. but small business people
don't have groups like organized labor or the chamber of commerce or the elected officials helping them. it's a bummer.

 

[nononono]

well, if you take that libertarian-ish view that markets work when everyone acts in their best interest, you have a point...and big business isn't doing anything wrong. the problem is the government's "best interest" is big business, so that skews things. the unions aren't doing anything wrong either. but small business people
don't have groups like organized labor or the chamber of commerce or the elected officials helping them. it's a bummer.

 

[Bruddah IZ]

well, if you take that libertarian-ish view that markets work when everyone acts in their best interest, you have a point...and big business isn't doing anything wrong. the problem is the government's "best interest" is big business, so that skews things. the unions aren't doing anything wrong either. but small business people
don't have groups like organized labor or the chamber of commerce or the elected officials helping them. it's a bummer.

Both the Union and Government extract wages from business rather than letting the market decide.

 

[tenacious]

You're barely off ignore, stop with the delusions of grandeur...

lol

 

[tenacious]

Both the Union and Government extract wages from business rather than letting the market decide.

Death and taxes bubbs. Such is life.
Personally I've found rather then crying about what the world owes me, that if I rolling up my sleeves and getting to work always ends in a better place.

 

[Bruddah IZ]

Death and taxes bubbs. Such is life.
Personally I've found rather then crying about what the world owes me, that if I rolling up my sleeves and getting to work always ends in a better place.

Thatʻs what I meant by letting the market decide.

 

[Bruddah IZ]

 

[xav10]

Both the Union and Government extract wages from business rather than letting the market decide.

Actually the opposite. The government subsidizes business, primarily big business.

 

[Bruddah IZ]

Actually the opposite. The government subsidizes business, primarily big business.

And where does government extract those subsidies from?

 

[xav10]

And where does government extract those subsidies from?

taxpayers.

 

[nononono]

taxpayers.

Do Ambulance Chasers pay a mobile Tax ?

 

[Bruddah IZ]

taxpayers.

taxpayers.

Then they give those subsidies to big business. See the problem now?

 

[xav10]

yup. all a small businessperson wants to do now is sell out to the big businesses.

 

[Bruddah IZ]

yup. all a small businessperson wants to do now is sell out to the big businesses.

That is government being pro-business as opposed to pro-market. Subsidies always distort the market and people typically see subsidies to big business as a failure of markets when really it is a failure of government distorting markets, whether health care, banking/real estate, energy, etc., by artificially driving up product and asset prices through subsidies.

 

[Bruddah IZ]

The Numbers Are in: Social Security Robs the Working Poor

The Social Security Administration's own numbers reveal that a private investment pays more than Social Security.

https://fee.org/articles/the-numbers-are-in-social-security-robs-the-working-poor/

 

[Ricky Fandango]

Death and taxes bubbs. Such is life.
Personally I've found rather then crying about what the world owes me, that if I rolling up my sleeves and getting to work always ends in a better place.

I love when we agree.
It happens when you say something smart.
Let it happen more often.