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Quote from: CBWx2 on November 29, 2012, 08:21:05 PMSomeone should explain the difference between a theory and an empirical study to Vinny Peanuts. Until he learns the difference, there's no point in allowing him to contribute to the discussion.You didn't ask for an empirical study, you asked for empirical evidence.
Someone should explain the difference between a theory and an empirical study to Vinny Peanuts. Until he learns the difference, there's no point in allowing him to contribute to the discussion.
Progressives have been raising the price of tobacco products for years with the explicit intent of reducing demand. There is empirical evidence that they have been relatively successful. Less demand equals less product, which in turn makes less people to make, transport and sell it does it not? The current Secretary of Energy Steven Choi stated the price of oil needed to rise to European levels to reduce demand and consumption. You can't implement a strategy and say it works on things you don't like, then say it is irrelevant and won't work for things that you do. Which one is it?
Bobbing and weaving a bit aren't we?
Quote from: CBWx2 on November 29, 2012, 08:21:05 PMSomeone should explain the difference between a theory and an empirical study to Vinny Peanuts. Until he learns the difference, there's no point in allowing him to contribute to the discussion.predictable .......................................shift ..............................shift ..............................shift
if the answer to stopping outsourcing is to make it less appealing by paying Americans the same wages that Chinese laborers get paid to do those jobs, I fail to see how that helps our economy in the least.
Quote from: CBWx2 on November 29, 2012, 10:04:57 PMif the answer to stopping outsourcing is to make it less appealing by paying Americans the same wages that Chinese laborers get paid to do those jobs, I fail to see how that helps our economy in the least.Because it's an entry level oppurtunity while you learn skills that can't help you advance to higher paying jobs, and/or further up that company ladder with hard work. Minimum wage jobs are never permanent , they are entry level . They pay the minimum for a reason : because they require no skill . Only an complete useless idiot does a minimum wage job permantely, and usually not even them. Even idiots acquire skill in thier trade over time. Managers at McDonald's don't need a minimum wage increase because they've already earned it themselves.
...and you don't see how eliminating an entire segment of an economy like manufacturing effects an economy ?
Quote from: spartan on November 29, 2012, 11:29:20 PMBobbing and weaving a bit aren't we?Doing nothing of the sort. You presented two poor examples, and I am merely explaining to you why they are poor. Aside from the obvious omission of other circumstances that have lead to decreased demand in both of your examples, you are also attempting to compare a modest price increase to a drastic one, and claiming that the results would be the same. For example, in some European countries, the price of a gallon of gas is twice as much as it is in the US. This means that instead of it costing me $60 to fill up my gas tank, it would cost me $120. That's a hell of a lot different from me having to pay an extra $1.00 for an extra value meal.If you are seriously suggesting that the effects on demand are the same from a $0.50 to $1.00 increase in the price of an item and a $3.00 - $4.00 increase in the price of an item you are either being deliberately obtuse or are just plain stupid, and you certainly don't strike me as a stupid individual, spartan.
Quote from: CBWx2 on November 29, 2012, 11:43:11 PMQuote from: spartan on November 29, 2012, 11:29:20 PMBobbing and weaving a bit aren't we?Doing nothing of the sort. You presented two poor examples, and I am merely explaining to you why they are poor. Aside from the obvious omission of other circumstances that have lead to decreased demand in both of your examples, you are also attempting to compare a modest price increase to a drastic one, and claiming that the results would be the same. For example, in some European countries, the price of a gallon of gas is twice as much as it is in the US. This means that instead of it costing me $60 to fill up my gas tank, it would cost me $120. That's a hell of a lot different from me having to pay an extra $1.00 for an extra value meal.If you are seriously suggesting that the effects on demand are the same from a $0.50 to $1.00 increase in the price of an item and a $3.00 - $4.00 increase in the price of an item you are either being deliberately obtuse or are just plain stupid, and you certainly don't strike me as a stupid individual, spartan.OK, let us go back to the beginning. Can we agree that increasing the salaries of employees is going to increase production costs?
OK, let us go back to the beginning. Can we agree that increasing the salaries of employees is going to increase production costs?
OK, so increasing the cost of producing a product is going to do one of two things. What are they?
It's good to know that McDonald's will be fine. Maybe Joe Olivo and his 47 employees can get an $11.00/hour minimum wage job there.
Illuminator is a good poster. He sticks to his guns and makes good points. Some don\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'t like that.
So, they're working for Joe because...?