Based

just like he didnt sign that awful spending bill eh?
keep coping trumpcucks your prez sold you out a long time ago.

are you saying the average american makes $75/h?

Lol. At the end of the day democratic policies lead to desirable educated states with thriving economies and high tech industries, republican policies generally lead to poor backwards shitholes.

The numbers say it all, democrats have made far better decisions for the economy both looking at a national and state level, and there is no reason to expect they've got it wrong.

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That is basically what he said. We are living in the prosperous times in human history.

At a national level

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Average US income is in the $120-130k/year range, skewed by the rich (median is much lower).

$15 is observably low. Anyone making less than that will be relying on government benefits anyway.

So you can either have businesses stop taking advantage of low wage workers who don't know their value, or have the government take up the slack. Of course private businesses paying a far market wage would be a hundred times more efficient than massive government entitlement programs that are required today.

the statistic can not be more apparent from what we have observed here.

>The fewer niggers a state has the more developed it is

Oh shi-

wtf why dont we raise it to $20 so we can all be rich prosperous
wtf i love democrats now

> human development index
how much point for allowing degen trany to marry each other ?
such a BS index

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are you brain damaged?

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DELET THIS

Raise it to the point where a person can actually sustain themselves. A typical low wage worker will produce 10x more value than what they are paid. Increasing their cut a few % while keeping them from needing government benefits its ideal.

This, why don't we just make everyone rich.

>doesn't know the difference between mean and median

>but it's the niggers
Can't explain all of them. Also can't explain why California is easily the most developed/important despite having loads of illegals. Also can't explain why the same thing generally occurs nationally with democratic presidents

The refusal of drumpfs to take responsibility for their shitty policies is unreal. They just don't work, there is an unreal amount of evidence and yet drumpfs always have to blame it on something else

Forgot pic

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>The average american is overpaid/the usd is actually worth shit/I'm full of shit
Chose one

>observably low m'lady

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protip:Using averages for highly skewed distributions is retarded.

It's calculated objectively using numerical data with 3 components, lifespan/health, education and general standard of living. Cope.

I've got no education in economics so won't bother commenting, but if the same people who've repeatedly made the decisions leading to prosperity why the fuck wouldn't you listen lmao

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Hurr durr, nice 1 d00d

Alright Bernie, time for bed

My morning-coffee trollpost aside, I think the economy is more complicated than that. I also think the causal link, to a non-negligible degree, goes the other way — ie white shitholes vote GOP, the same way black shitholes vote Dem, rather than GOP policies causing white shitholes and Dem policies causing black shitholes. Economic activity is so complex and multifactorial that it cannot be accounted for by any one consideration, such as party policy or race, to a major degree — you have to think of the import the heritage of the dominant historical industry, attitudes towards education and work among both locals and new arrivals, access to natural and human resources, etc.

Consider how utterly shit economists are at making predictions, then consider whether you're taking that prediction-defying complexity into account in your simple policy-driven narrative.

The dude makes good points but he needs to learn to trim his thoughts on a topic down from 28 minutes to 4 minutes.

Not really since the money supply is finite.

If you'd all stop fucking up and buy OTO, you wouldn't have to work soon.

I have a stem degree and make less than a high school graduate

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Time to start ramping up those investments in robotics and automation ETFs

>wagecucks defending their wagemasters paying them less
the absolute state of cuckolds

lol how faked can a chart be? Also how come that mostly under dems there are financial crisis?

>muh stem degree
>muh high school wage
Get a real job, you fucking manchild

Liberal policies assume things are going okay and aim to maximise profit.
Conservative policies assume things are going tits up any day now and aim to minimise the death toll.
Tick tock.

What if an employee's value really is less than $15? How does a company take advantage in that scenario

Boomers would never permit a rise.in the minimum wage. They got 75 cents/hour when they were 18 so to them that's all you need now. Just stop buying the avocado toast and $60 lattes snowflakes.

This. Rather than do ubi just have a $20 min wage. Problem solved.

>$15hr/week is needed in NYC therefore Tennessee should be forced to pay that too

Use a machine

>dude just cut the time frame so that Reagan and Carter aren't included

what exactly is meant by the x axis here

Years of presidency. They take 8 years of Clinton's dotcom bubble and 8 years of Obama's QE pumping, and compare it to 8 years of W's economic collapse and 8 years of HW and Trump.

>Average US income is in the $120-130k/year range
That is so fucking wrong. Where did you get this from?

Rich retarded leftist detected. Almost no one makes $100k a year, most people make $40-50k before taxes

well first i was a bit skeptical but now that they've proved that israel in a blue tie makse the dow go up tha israel in a red tie i am now convinced that a ten thousand dollar minimum wage and a one hundred and fifty five percentage income tax for the top 50% is the way to go

The wagie cycle continues

>California easily most developed and important
>republicans have shitty policies
you wanna talk about shitty?
pic related
openthebooks.com/map/?Map=32504&MapType=Pin&Zip=94103

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They can afford to pay thier workers $15 if they reduce the number of workers.

Why raise it tho? It’s not businesses’ job to sustain some poor scrubs, it’s job is to maximize profits.
Instead of raising minimum wage it’s easier at this point to automate every low skill job and pay one single trained staff $50 per hour to watch after the process

>A typical low wage worker will produce 10x more value than what they are paid.
So why not increase the minimum wage tenfold to about $120 per hour?

> California is easily the most developed/important
Isn’t there draught in California?
Isn’t there a bubonic plague and typhus outbreak in California?
Aren’t there whole willages of homeless in California, complete with their own government and shit?

Looks like it’s the opposite, California regressed to Middle Ages

Don't forget the rampant street shitting going on as seen here Not to mention the crime and the nigger and spic infestation. And don't forget the wildfires and earthquakes. It really does kinda seem like God hates California.

>prosperity is surrendering your rights to the government to the point where you're not allowed to buy and use medicines that aren't FDA approved (a procedure which costs hundreds of millions of dollars, incentivizing the development and marketing of medicines that don't fix the root cause of problems and instead require the patient/user to keep buying and using again and again and disincentivizing the same for medicines that actually fucking work without causing other bullshit problems and fix the target issues indefinitely the first time), owning guns is not allowed, you're not allowed to conduct completely voluntary commerce with people if you don't both follow regulations that neither of you care about, and every time you conduct a transaction or hold assets (including property) for any period of time—and if you're doing either of which, you're likely contributing positively to the economy simply by virtue of creating a demand for entrepreneurship or being an entrepreneur yourself—you have a percentage of your funds seized to subsidize welfare bums' bad lifestyles
the ABSOLUTE MOST TELLING THING that should have you understand, intuitively, that any sort of leftism is a road to hell paved with good intentions is that there is literally, absolutely no way to escape any of this, unless you "just move to somalia!"—i.e., the place that was and is made A SHITHOLE by the exact same people that the ones who are regulating you to death at gunpoint are importing en masse into YOUR society and providing welfare to on YOUR tax money

which is one of the reasons—perhaps even the greatest reason—why you don't force a minimum wage on people
business wants to hire someone, someone is happy to work for X amount
government says they have to pay X+Y, business can't afford it; someone doesn't get a job and they wind up not being able to start their life and learn practical, valuable skills with the guidance of experienced people from an early age

>make low wage work illegal
>create millions of new unemployed who will vote Democrat for more gibs
>Gut the economies of rural states where wages are low because cost of living is low

I'm convinced conservatives have a findom fetish.
>Please don't raise my wages daddy CEO, think of the economy. You deserve the money for being such a genius!

What are you talking about

they use cuck as a form of projection
there's a reason racist old rich white men are the ones who like to see their wives / daughters fucked by BBC
also the reason states like kentucky alabama and missouri have the lowest quality of life, education, and infrastructure. Most of these posters are probably from the part of america most resembling a third world country.

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Oh great, the "everyone will just break the law" argument. Yeah, maybe small businesses will do this (risking getting shut down), but when large companies do this they get sued for large amounts of money.

Non-americans won't understand your post because they're mostly making peanuts.
They don't understand that the massive cock of robotics is already killing jobs.
They don't understand standard of living wage adjustments or increased purchasing power leading to growth. Don't bother posting here about it, these cucks won't fucking get it - it's just too high level for them. All they know is how to go long on useless alts and get liqd on margins

>willages

Hello Rajesh.

>1.3 million jobs
Literally who cares. Making minimum wage at 7.25 is slavery, not a job. There were jobs created, not lost

Because the dumb fucking repubs get the country into this mess.

Tell us why it is a stupid comment

>If you can afford to pay $15 then you should shut your business down
Or instead of paying $15/hour to 10 losers, I can just pay $100/hour to the programmer with a CS degree for him to automate the wagies out of a job?

What do you have to say about that, wagie faggot?

>BAWWWWW YOU CANT PAY ME $10/HOUR IM WORTH WAY MORE THAN THAT
people who say that are basically saying "i am worth more than $10/hour according to me even though nobody agrees with me" which is an incredibly selfish position.

>forces every farmer to pay every unskilled manual laborer he hires $15 per hour
>imports migrants with an average IQ of 80 to do this manual labour; provides them with gov't-subsidized living accommodations and transport
>WILL wonder why the price of food skyrockets, and WILL blame capitalism
already happened in canada, except the minimum wage is slightly lower
you're advocating for paying the dumbest retard who aspires to do nearly nothing with his life as much as someone with minor, but still far more valuable technical skill as far as the free market is concerned
it takes all value and meaning out of a currency when you pretend that people who do the work that a machine built by people 10 times as smart as them could to are worth as much as the people who built the machine
it's a fucking fact, mate
NOBODY in their right mind is saying that these less intelligent people don't have a right to live and engage in whatever commerce they're able to—but when you force the acknowledgeable valuation, the *variable for the exchange of goods and services* of these people to be equal to that of individuals who are objectively much more valuable, you are simply pretending that anything less and 15 is equal to 15, while 15 is still 15 and 16 is still 16

in other words, you're implying that adhering to that which is fair and reasonable in our objective reality is a sick act of human cruelty, and that forcing every employer to pay the same amount of money for work of wildly disproportionate value is fair and good.

in other, other words—if you are an intelligent, capable person, you're voluntarily placing yourself on the same level as someone much less valuable than you. talk about findom.

and talk about cuckoldry. read the above.
personally, i've suffered a cruel and relentlessly punishing life at the hands of collectivists. the only times i've been treated decently and had any sort of life are in my interactions with business. i live in canada.

if there is high minimum wage then there will be less imports of migrant workers dumbass. the whole reason of importing foreigners is that they can work for lower wages, if there are forced to pay them high minimum wages then they might as well hire someone local

Only 1.3M losses? Raise it higher. I want all fast food workers out of a job and homeless by 2020.

Average USA household earnings are around 60k you idiot, and a household is defined as a two married people and at least one kid

Sounds good to me - So let the business owner decide - Low wage with many employees, or high wage with few employees - Either way achieves the goal just the same and costs the same to the employer - Let the employer choose.
If anything you should be arguing FOR the ability for employers to choose the low wage many employees option, so that they create more jobs. But you can't have it both ways - You need a low minimum wage to create this option for them.

If minimum wage increased at the same rate as Wall Street salaries in the last 50 years, it would be $33 per hour.

You think the progressives will stop their platform of virtue signaling for their image of progress just because there's some slow-reacting economic force that resists them?
Migrant workers and illegals will be let in absolutely at the whim of whomever has that power, and they will not think twice about what the minimum wage happens to be at the time while making that decision.

Furthermore, illegals will be working for less than the minimum wage regardless. In fact, they'll be working for the true wage their labor is worth, as priced by supply & demand.

How can you be such a cuck that you shill against minimum wage raise? (unless you are a multi-millionaire)

You look like a hobo and you're a professional beggar Tim, you should just shut up.

>illegals will be working for less than the minimum wage regardless
If there are government officials employed to make sure it doesn't happen, it won't.

Go try being an illegal worker in North Korea and see how well that works for you. Illegals can do this shit because your cucked government let it happen because billionaire need this stupid and cheap brown people to wage slave for them.

Because I make a 6 figure salary already and it doesn't affect me.
It does harm pretty much everybody else, though: Anyone who owns a business, needs a job, or already has a job with a salary below $15/hr and may lose it.

Yeah, and why do you think they need the cheap labor smuggled in illegally?
Because the minimum wage won't allow them to hire someone local, legitimately.

>Yeah, and why do you think they need the cheap labor smuggled in illegally?
Because one billion isn't enough and they want more. Stop thinking like a goddam cuck.

so, let's say you have whatever minimum wage, and it applies across the board; whether it's a seasonal or permanent migrant, all employers who report or are caught hiring anyone in question for below this minimum wage are punished.
so, there are the stipulations that hiring migrants for below minimum wage would have to be made illegal wherever it isn't already, and a business would have to be caught and pursued in doing this. of course, you would have to trust law officials to enforce these rules objectively and fairly, meaning that any conflicts of interest between law and private enterprise wouldn't get in the way of the justice system.
logically, as a business, you would offer jobs at minimum wage to local people. in your post, you explicitly advocate for a *high* minimum wage; of course, because the employers of these unskilled people would have to pay higher minimum wages, they would have to raise the price of their goods, or risk insolvency. as a result of raising the cost of minimum wage across the board, you have a higher cost of living—that is, unless the domestic unskilled manual labourers are enormously more productive. if opportunities outside of berry-picking are slim (which they almost certainly will be, as a result of making it nearly impossible for any new employer to risk getting into a market where he'll be struggling to pay his sole, possibly inexperienced and ill-suited employee), then you may have a more competitive employee base, and they may be more productive.

the once most-valuable and intelligent people in the entire world, who raised the global standard of living to unprecedented and unimaginable heights that, if seen, would have their ancestors fall to their knees and cry tears of bewildered joy at their sons and daughters' triumphs in the face of the callous realities of nature—now ferociously fighting one-another for an opportunity to spend their entire lives picking berries and sorting onions.
the communist way.

>muhh progressives!!
the ones that are pushing for mass importation of immigrants are right wing corporatists. they are the ones that profit the most from cheap labour immigrants. if there was no minimum wage they would be importing ethiopians working for 50 cents an hour

>higher cost of living
minimum wage workers are a fraction of the total economy so its increase won't affect prices that much. also, high minimum wage will force companies to automate and increase their efficiency with technology and innovation rather than relying on cheap labour thus in the long run increasing economic efficiency and technological advancements

ABRIJ AMURRRRRIGAN MAYKE 75 DULLLLLAAARRRZ IN A HOURRRRRRR

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Imagine having to pass laws to convince people you’re worth more than you really are lmao

>cuck
Look, your position is the one that forces those with money to gib to those only worthy of a less amount of it - The same position that cucks all of us out of our tax dollars for subsidizing lazy welfare leeches who absolutely don't deserve it. It's the ultimate cuck position to take on this issue - I don't understand your logic for calling a meritocracy cucked.

so then why is the republican party united behind reducing immigration and the democrat party united behind opposing this reduction

fucking dumb americunts willingly enslaving yourselves to corporations

because they want LEGAL immigrants to take your jobs instead of illegals :^)

you should kill yourself asap

Finally, a voice of reason in a thread of shit heads.

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lmao the sheer amount of (you)s this post has generated tells me that there is a disproportionate amount of salty mutts ITT

you're actually subsidizing the giant corporations that pay $0 in tax
where did the gfc bailout $$ come from hmmm. its definitely the poor immigrants ruining the country!

well they don't even use the word illegal anymore so i don't see much of a difference in their position and the other stated

Yeah I forgot how much of a culture of mediocrity europoors have. All europoors want is a handout. You won’t be happy until everyone who’s trying to better himself is taxed 120% and we’re all forced to work shitty office/factory jobs.