29-05-2005 12:05									#91
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quote: Originally posted by Ted Striker I could care less what Kuciwalker posts about.

Which is why you bothered to keep replying to me, right?

quote: Does the thread revolve around Kuciwalker? No, it does not. Your post is some sideshow that is a minor detail in what I wanted to talk about.

When you're replying to my posts, the actual content of my posts is slightly relevent...

	29-05-2005 12:06									#92
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quote: Originally posted by Ted Striker Now, you tell me why it is a good idea to have poor people have less purchasing power?

Now, who's the strawman? Did I ever say it was a bad thing? At wort, I said, it causes inflation and results in no net effect.

	29-05-2005 12:06									#93
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Slightly relevent, but not very important.

	29-05-2005 12:07									#94
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Obviously not to people for whom a simple or is a real substantive argument...

	29-05-2005 12:09									#95
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quote: Originally posted by Kuciwalker Now, who's the strawman? Did I ever say it was a bad thing? At wort, I said, it causes inflation and results in no net effect.

Man up, dude, you think it's a bad idea.

Or I guess all those posts about it being "a meaningless computer bit," were unopinionated.

	29-05-2005 12:10									#96
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quote: Originally posted by Kuciwalker Obviously not to people for whom a simple or is a real substantive argument...

	29-05-2005 12:13									#97
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Oh man... Ted got PWNED!

	29-05-2005 12:14									#98
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You let little kids fight for you Siddiqui?

Maybe YOU will be man enough to tell me why you think it's a great idea that poor people should have less purchasing power.

	29-05-2005 12:16									#99
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When they are PWNing you that badly, sure .

I see no need to break up the fun.

	29-05-2005 12:17									#100
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quote: Originally posted by Ted Striker Man up, dude, you think it's a bad idea. Or I guess all those posts about it being "a meaningless computer bit," were unopinionated.

Because of course the insistence that money has no inherent value means that I think raising the minimum wage is necessarily bad

	29-05-2005 12:19									#101
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Nice sidestep though.

You said all it does is raise inflation. (Which you never proved, by they way).

Inflation is caused by many factors.

	29-05-2005 12:21									#102
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quote: Originally posted by Ted Striker Nice sidestep though.

Cute, from the person who lost and then pretended he wasn't even arguing about it in the first place.

quote: You said all it does is raise inflation. (Which you never proved, by they way).

You're right, I never did prove it, assuming you don't actually read my whole string of posts on the previous page.

quote: Inflation is caused by many factors.

And this is one of them.

	29-05-2005 12:28									#103
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quote: Originally posted by Kuciwalker You're right, I never did prove it, assuming you don't actually read my whole string of posts on the previous page. And this is one of them.

Keep shuffling and prove it.


By the way, during the minimum wage freeze, purchasing power for minimum wage earners went down, while inflation kept going up. Kinda defeats your whole theory.

So, prices kept going up, and products kept becoming more and more expensive for these people to buy.

Any inflationary effects that a minimum wage might have are just a drop in the hat compared with the overall economic situation.

By the way you never answered my question, is the minimum wage good or bad?

	29-05-2005 15:16									#104
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If the minimum wage's intrusive impact becomes too high , then I'd say that corporations should mechanize and get rid of humans in the lower skill areas . Machines don't demand minimum wages . No fuss , no mess .

	29-05-2005 15:25									#105
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Man, the real Ted Striker would never have gotten punked like that. Pinko Striker...

	29-05-2005 15:28									#106
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None of you Silver Spoon Reactionaries have shown anything historical other than your own [inflated] opinions and unproven theories

	29-05-2005 17:01									#107
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quote: Originally posted by Adam Smith The Card and Krueger study has been discredited. Card and Krueger asked managers what they thought would happen to hours woprked if the minimum wage was raised. A subsequent study (by Murphy and Welsch IIRC) looked at the actual time cards in the same establishments and and found the same empirical results that all the previous studies did ... a ten percent rise in the minimum wage (after adjusting for inflation) reduces employment by about three percent.

Did the study look at jobs created in other businesses? If workers have more money to spend then that would create jobs.

	29-05-2005 17:47									#108
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quote: Originally posted by Ted Striker None of you Silver Spoon Reactionaries have shown anything historical other than your own [inflated] opinions and unproven theories

A lefty talking about unproven theories? go look at che, who's regularly spouting the crap you were posting on the previous page.

	29-05-2005 17:48									#109
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quote: Originally posted by Ted Striker By the way, during the minimum wage freeze, purchasing power for minimum wage earners went down, while inflation kept going up. Kinda defeats your whole theory.

You're the one who said

quote: Inflation is caused by many factors.

quote: By the way you never answered my question, is the minimum wage good or bad?

Depends on the minimum wage...

	29-05-2005 17:55									#110
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Housing costs in CA have clearly driven Ted and others insane.

	29-05-2005 20:36									#111
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Heres a little breakdown for Ted:

Apolyton Coffee Shop
Owned by Mark and Dan, who split the profits evenly.
Maganed by Ming, MtG, Rah and UR, who all make $10/hr working fulltime (8 hrs a day).
Operated by 30 Apolytoners, each making $5/hr (also working fulltime).

Minimun wage goes up to $7/hr.

Cost to run the Coffee Shop raised $480 a day.

That means that profit is now down $480 a day.

Now for increased spending, lets say that the employees now spend 50% of their increased wages at the coffeshop (I know that they wouldn't, but I put it there to represent the increased spending from those chumps who work for minimum wage over at the Eventis Doughnut House) It now means that Mark and Dan are now making $120 less every day.

This is your redistribution of wealth. However, it doesn't stop there.

Mark: Hey Dan, I'm making less money!
Dan: Me too! This sucks!
Mark: I know what to do! Lets raise prices so we are making the same amount of money as we were!

So now your $7/hr buys you the same as it used to buy at $5/hr, only now your individual dollar is worth less.

	30-05-2005 01:31									#112
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quote: Originally posted by Kuciwalker You're the one who said quote: Inflation is caused by many factors. Depends on the minimum wage...

Yep, and you still have NEVER proven that increasing the wage directly causes inflation. And even if it did (which you haven't proven) there are other factors (among many) that drive it up more significantly that we should worry about.

I showed you a historical timeline where the wage was frozen, and inflation still went up anyway.

You have nothing other than hypothosis.

But why should you care what poor people do for a living?

I wonder what increasing the minimum wage would do to the price of bathroom fixtures?

	30-05-2005 01:32									#113
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quote: Originally posted by Donegeal Heres a little breakdown for Ted: Apolyton Coffee Shop Owned by Mark and Dan, who split the profits evenly. Maganed by Ming, MtG, Rah and UR, who all make $10/hr working fulltime (8 hrs a day). Operated by 30 Apolytoners, each making $5/hr (also working fulltime). Minimun wage goes up to $7/hr. Cost to run the Coffee Shop raised $480 a day. That means that profit is now down $480 a day. Now for increased spending, lets say that the employees now spend 50% of their increased wages at the coffeshop (I know that they wouldn't, but I put it there to represent the increased spending from those chumps who work for minimum wage over at the Eventis Doughnut House) It now means that Mark and Dan are now making $120 less every day. This is your redistribution of wealth. However, it doesn't stop there. Mark: Hey Dan, I'm making less money! Dan: Me too! This sucks! Mark: I know what to do! Lets raise prices so we are making the same amount of money as we were! So now your $7/hr buys you the same as it used to buy at $5/hr, only now your individual dollar is worth less.

Hypothesis

	30-05-2005 01:33									#114
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quote: Yep, and you still have NEVER proven that increasing the wage directly causes inflation.

To which I respond once more:

quote: You're right, I never did prove it, assuming you don't actually read my whole string of posts on the previous page.

	30-05-2005 01:35									#115
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quote: Originally posted by Ted Striker Hypothesis

So what do you think would happen differently, Ted?

	30-05-2005 01:36									#116
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quote: Originally posted by Kuciwalker So what do you think would happen differently, Ted?

I already SHOWED you what happened.

Go back a few pages and read the graph. Purchasing power deteriorated over the years the wage was frozen.

	30-05-2005 01:37									#117
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quote: Originally posted by Kuciwalker quote: Yep, and you still have NEVER proven that increasing the wage directly causes inflation. To which I respond once more: quote: You're right, I never did prove it, assuming you don't actually read my whole string of posts on the previous page.

I did read your posts and all they were were a bunch of hypotheticals.

	30-05-2005 01:38									#118
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Which has nothing to do with his example.

Ted, give it up. This is rapidly becoming more pathetic than the "Is it called Star Wars or Episode IV" debate.

	30-05-2005 01:39									#119
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It has nothing to do with his example because it hasn't looked at a real life situation.

	30-05-2005 01:40									#120
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Here is historical data:

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