A businessman will pay as little as he can. We don't have enough jobs right now, so job seekers are effectively forced to take what is offered. Our consumer economy works when people consume, and people eking out a living can't afford to consume much. Abolishing the minimum wage would allow business owners to keep more of the business earnings, while employees would have less to spend. The more poor people we have, the worse our economy gets, because people can't afford to consume. Eventually our business owner is in a bad way because fewer people can afford to buy his product. To put it another way, look what free trade has done. Employers go to whichever country they can pay workers the least. Unrestricted capitalism turns into exploitation. Minimum wage exists not only to protect workers from exploitation, but also to ensure the masses have enough spending power to keep our economy humming.
Tl;dr The problem with all the income going to the wealthy is that they don't spend it all - they save the majority of it, and our economy stagnates. We need spenders to have spending money for the economy to improve.
The government should just print more money that way no one is poor.
Jaxon Robinson
They don't spend it they (((invest))) it and buy non liquid assets. Yes this stagnates the economy which is why debt had to become salable only to incur ever more frequent crises. Marx was right about the problem but not the solution. I think he realized that which is why Capital is a door stopper but the manifesto is a pamphlet.
Aiden Rogers
but raising the wage kills jobs
Jordan Johnson
there's more demand for jobs if people are spending more
right now what you have happening is the rich saving their wealth and minimum wage workers not being able to spend on anything other than necessities
Gavin Ramirez
>Raising the wage kills jobs Not necessarily, it does reduce profit and increases cost which may kill jobs but there is a threshold of profit loss that may be acceptable and im globalized capitalism that threshold is continually diminished. A far cry from "it's a wonderful Life"
Brayden Rogers
THE CURRENCY NEEDS TO RETAIN ITS PURCHASING POWER. YOU CAN GET PAID MORE OF A WORTHLESS CURRENCY BUT 1000 X ZERO IS STILL ZERO, FAG.
But we want the boomers to starve to death, remember?
Eli Jackson
Who's rich dick is pissing in your butt user?
Austin Powell
Raising the wage increases the cost of living and unemployment. At this point its obvious that the concept of employment/unemployment is a scam though, because you can't have "growth" if you aren't hiring for new jobs consistently. If every job was filled by an employee then that would be considered stagnation and your overlords would be clamoring for cheap imported labor...
Hard to disagree, society works better when more money is in more hands
Ian Lopez
My company always pays above the going rate in order to keep qualified staff, keep them happy and attract more able staff. Paying minimal wages is a false economy
Ayden Anderson
Minimum wages for minimum skills. If you’re a shitskin high school dropout angry because you’re making only 7 dollars an hour for flipping burgers please know that you’re making exactly what you’re worth.
Landon Campbell
This.
Daniel Reed
>they don't spend it all - they save the majority of it, and our economy stagnates
THEY KEEP IT IN BANKS FAG. THE BANKS INVEST THAT SHIT. ITS STILL MOVING. ITS JUST MADE AVAILABLE WHEN YOU REQUEST IT, BUT ITS NOT THE SAME CURRENCY YOU PUT IN THE BANK, DICKHEAD.
Like, if I put a £20 not in the bank and took a note of the serial number - I will never see that serial number again because its not the same £20 note - ITS A DIFFERENT FUKING NOTE. The currency doesnt sit around in a big vault waiting for you to ask for it back.
Heh. I get paid for what I know,not what I do. A fucking shaved monkey could probably do your "job"
Carson Rodriguez
If you raise minimum wages you'll destroy jobs, because it will be less expensive to just buy machines that will do the work far faster and cheaper in the long run because you don't have to fucking pay is 500$ an hour for unskilled labor. If anything, lower the minimum wage so that employers have incentive to hire unskilled workers rather than machines so there are less jobless people who can't afford ANYTHING because they were replaced by robots.
Levi Ward
ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST >ALL CURRENCY IS BORROWED INTO EXISTENCE AT INTEREST
Nah I'm a GCI engineer homie. Still a commie too. Fuck your Jewish prop
Robert Howard
WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY WE HAVE A DEBT BASED ECONOMY >WE HAVE A DEBT BASED ECONOMY
As little as giu can is dictated by the (distorted)market for labor dumbass >I'm a business owner Bullshit
Joseph Walker
Everyone ignores this beautiful solution You people love to suck a rich dick. Thread theme youtu.be/iVaqQe3V498
Isaiah Foster
>I think that money vanishes into the ether rather than simply just being transferred from one bank account into another when a purchase is made
Julian Reyes
>what your skill is worth We are all paid in debt. National currencies are monetized national debt. So youre saying your skill is worth negative value.
You can't get paid "what your skill is worth" because thats illegal currently. Also, if we were paid value, theres no way plebs can enforce the law. Its a civil matter, and if the problem is "im not getting paid" you cant afford justice
Hunter Morales
EAT THE RICH
Henry Evans
I'm sure you couldn't carry my balls in a wheelbarrow,you dog fucker. But anyways,you are a dipshit and your country is fucked. I hope you starve to death because tariffs.
Grayson Murphy
minimum wage is paid by employers that have a surplus of labor
i promise you that if every single person in america was born a skilled surgeon then they'd make min wage
this is what's happening with unskilled labor
Christian Hughes
not "when a purchase is made", but when its sitting in an account. Its still being invested. In the 90s Glass–Steagall was revoked which allowed banks to merge account holders with investment banking. Your current account balance is being invested and being made available when you request it
>carry my balls in a wheelbarrow Yeah - I watch South Park too
Jose Rogers
yes that money doesn't stop sitting in an account when it's spent you stupid fucking nigger it just gets transferred into a different account and is still invested
ie stagnant funds don't benefit the banks, the only difference spending makes is they're transferred between accounts all controlled by banks
Ayden Nguyen
>Your country is fucked Good. Acceleration now.
Daniel Jackson
>it just gets transferred into a different account >stagnant funds don't benefit the banks re-read your own post. You literally contradicted yourself in 2 sentences
This "how do we fix the economy" nonsense is a big fat red herring. The point is the economy is irreparably broken and needs a bit of a collapse to set it straight.
The problem you're talking about is saturation. The current economy depends on endless growth to give profits to investors who fund companies. This is wrong, not just morally but logically. And this wasn't how the world worked for most of history. Sure, this went great for about 100 years while our population was exploding. Back then, companies could keep expanding as long as they could reach new customers. But then they got so big they started running out of customers. So they started shipping jobs overseas to reduce costs, but eventually that ran out too. Any way you look at it, they needed more customers.
This is where welfare comes in. If you can't find more customers, just create them. Funnel tax money to jobless nigs, who send it straight to Walmart and Mcdonalds and others like them. Best part for the execs making these decisions: Most of them don't pay their taxes, or at least not the full amount. Even if they need to give a little bit, it all comes back to them in the end. And if they run out of porch monkeys? Import some more. Somalians, Sub-Saharans, Muslims. The shittier people the better. Because those people will go straight on welfare and spend spend spend while the government gives them their salary. Us Americans are very lucky, geographically speaking. Sure, wetbacks aren't the greatest but it could be a hell of a lot worse.
So how do you fix this mess? That's easy. You let it collapse. If a company goes obsolete then it goes bankrupt. Except the government is packed with shareholders and/or bribed into rigging the economy for these corporations. Not to mention, then entire (((media))) and (((education system))) convincing half the population that getting cucked by mega-corporations puts you on the right side of history.
Samuel Mitchell
>right now what you have happening is the rich saving their wealth and minimum wage workers not being able to spend on anything other than necessities oh the horror of freedom.
Leo Cooper
or raise the minimum wage to a billion dollars an hour
