On Fri, 02 May 2008 15:21:38 -0400, Bob LeChevalier
<lojbab@[EMAIL PROTECTED]
> wrote:
>The_Carpathia <writingken@[EMAIL PROTECTED]
> wrote:
>>On May 2, 7:37 am, SilentOtto <silento...@[EMAIL PROTECTED]
> wrote:
>>> On May 2, 7:47 am, The_Carpathia <writing...@[EMAIL PROTECTED]
> wrote:
>
>>> > When the minimum wage was being increased, a whole host of people,
>>> > including myself, said that this would lead to unemployment, as
>>> > employers were faced with the same human resources budget to pay out
>>> > at a higher rate. It was simple math, but a lot of liberals said
that
>>> > it wouldn't happen. They suggested that paying a higher minimum
wage
>>> > would not lead to less jobs (though they couldn't explain how that
>>> > would keep from happening).
>>>
>>> > Well, now, it's
happening....http://news.yahoo.com/s/ap/20080502/ap_on_bi_go_ec_fi/economy
>>>
>>> > Faced with rising human resource cost and the same money, employers
>>> > (from private businesses to public school districts) ARE hiring less
>>> > people, and all of the newly unemployed can thank the Democrat
>>> > proposal to raise the minimum wage for their pink slip. The irony
>>> > here (almost funny) is that the Democrats have made it really hard
on
>>> > their next President (when they win the next election), being given
a
>>> > tight job market, rising (and unaddressed) social security issues,
>>> > rising (and unaddressed) medicare issues, student loan interest
rates,
>>> > and much more that they just kept pu****ng off to later.
>>>
>>> Yea...
>>>
>>> It's not the housing slump, tighter credit, expensive energy, the
>>> trade deficit or the falling dollar...
>>>
>>> Nope...
>>>
>>> It's all the minimum wage.
>>>
>>> Heh heh...
>>>
>>> Rightards...
>>
>>You don't think one has anything to do with the others? Think, man,
>>think. If energy companies have to pay their employees more, what is
>>going to happen to energy costs?
>
>Nothing much to do with the minimum wage. Exxon just re****ted profits
>of something like $25 per barrel in the last quarter. A couple of
>years ago, that was more than the price of the oil.
>
>>If there is a wage increase that is
>>met with rising prices, it will mean a weak dollar.
>
>A weak dollar might be *good*. It means that our ex****ts are cheaper
>and we can start to address the trade imbalance. It means Americans
>will find it more worthwhile to buy American, since foreign goods will
>be much more expensive. Buying American means more jobs, of course.
And exactly what are we going to buy that's made in America? Cars -
ummmm no. Appliances, furniture, clothing? Food - okay. Now tell us
all what else. The weak dollar cutting im****ts to any meaningful
measure is a joke.
>>If people have no job, can they get a house?
>
>They can live with their parents, get a roommate, etc. as was done in
>the goode olde days. People shouldn't be buying a house as soon as
>they get a job. That is what got us into this mess. Save up for a
>few years - THEN buy a house.
No - what got us into this mess was greedy lenders. Tell us all how
folks in the middle class are saving for a house these days.
Disposable income for 90% of the US has gone down for the past seven
years. The gap between those who can afford homes and those who can't
is increasing. The affordability index for housing shows that only
about 30% of the US can afford homes. But sure thing, stay with Mom
and Dad and save your ever dwindling salary.
WB Yeats
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