Comments by "whyamimrpink78" (@whyamimrpink78) on "Why Trump's Economy Actually SUCKS" video.

  1. Yeah! That's it! Place a cap on success!
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  2. The stock market is one indicator and not a bad one. Investments are high. Another is GDP growth. GDP growth is improving. With these new tax cuts (that are only a month old) it will be interesting to see how the economy will grow this summer. As for what Cenk is saying, many people live paycheck by paycheck simply because they have poor money management skills mixed in with people simply want to enjoy life and have no problem spending all the money they have. On the latter point what I mean is that someone is willing to buy a home as opposed to just living in an apartment which will be just fine for them, but they want more. This is normal no matter what the economic situation is.
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  3. You pay $600 a month on food?
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  4. Looking at CEO pay is irrelevant as per employee they are not earning much. If you were to take the top 6 executives of Walmart and give their salary to the 525,000 lowest paid employees of Walmart those workers will earn an extra $147 a year. That's it.
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  5. Rocket Scientist, under Obama we saw less than 3% growth. As a whole that is nothing following a recession
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  6. Banana Crabman, there is more to it than that
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  7. I did not say GDP is irrelevant. Under Obama we never reached 3% in a year. Under Trump it is starting to tick up. This year is key as now the new tax cuts are in place, this is the first month of them. Me saying "less than 3% of growth means nothing" is me saying that less than 3% growth is essentially stagnation following a recession. You should understand what I am saying.
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  8. Banana Crabman, there is the federal reserve which started the great depression.
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  9. The cost of schooling to become a dentist is irrelevant as in the end it pays off. I agree with the OP, we need more workers in the STEM and medical field.
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  10. AgentDearestZ, you say that no one wants to live paycheck by paycheck, but how many people have proper money management skills?
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  11. "You know there are trump suppoerters that'll oppose anything with common sense." It isn't common sense when there is an argument to begin with. Around 70% of lottery winners go bankrupt. Fact is that people lack money management skills. It doesn't matter who is in office, that is a fact.
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  12. SilentOtto, saying they can write off production cost is not that simple as they now have to pay a higher payroll tax along with the higher min. wage.
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  13. "PS., if small companies can't handle the min wage increase, I don't care. Those businesses had margins too low and would have failed from any number of things, " You are literally supporting large corporations when you say that. Many businesses work on thin profit margins where larger businesses have more resources to do with less until the market stabilizes. For example, a small diner will have no choice but to close down. A owner of say 11 McDonalds in a city can shut down 3 of them and thus still have 8. This brings me to my next point. The idea that if you raise the min. wage that nothing will change is correct to a degree, but it isn't that simple. You are assuming that prices across the board, including the price of labor, will just increase evenly, you use the example of a nurse for that. However, it isn't that simple. If the min. wage gets doubled nurses wages are not going to double. They may go up 50%, but not 100%. Also, many companies will offset the cost by cutting hours as I showed you with the McDonalds example.
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  14. Min. wage jobs are what the are, the minimum. It isn't about earning enough to live, it is about how much you produce.
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  15. Many people have died in other countries due to their shortcomings.
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  16. sportsfan723, when they save the save in banks where banks loan out the money. So it just doesn't sit there. Also, Obama's stimulus package was a failure which is why we still have not recovered from the recession. You are looking at spending which does not drive the economy. What does is producing.
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  17. Michael, let us talk prices Housing: The FHA and Fannie and Freddy played a role. Also, real estate is always going up Cars: Cars are cheaper because they last longer, are safer and get better mileage Healthcare: The federal government with medicare, medicaid and the payroll tax plays a role Education: The federal student loan program In many ways wages have gone up over the years as well depending on which economic indicator you use. For example, if you use the GDP deflator calculator of inflation wages have gone up 10% over the years.
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  18. You are looking at average productivity and comparing it the minimum wage. That is not a valid comparison. You have to look at average wages and the average hourly earnings in the US is around $25/hr.
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  19. "That is not an opinion, its just basic mathematics. " No, it is incorrect mathematics. You are comparing an average in one variable to the minimum of another. The average life expectancy has grown in the US, but people still die as kids. Why? Because the average is the whole where the minimum is the minimum. Let me give you some numbers. Here are five numbers 2, 2, 3, 4, 4 What is the average? 3 What is the minimum? 2 Ok, now you have, 1, 1, 10, 15, 18 What is the average? 9 What is the minimum? 1 In the second case you have a lower minimum but a higher average. Are you understanding this simple math lesson?
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  20. "As far as automation goes, that's happening anyway regardless of whether you put up the minimum wage." You make it go faster with the min. wage increase. "Australian minimum wage is $18.69. Milk is $1 per litre, which is about $3.70 per gallon. Canada has a minimum wage that ranges from $11 to $15, they pay $1.20 for a litre of milk, which comes out to around $4.50 per gallon." You are comparing complex economies with different tax laws, different level of employment, different resources, etc. to the min. wage and a gallon of milk. Think about that. Think about how asinine that is.
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  21. "Basic staples will be whatever people are willing to pay for them. That is the law of supply and demand." Just like labor. You raise the price of labor and less people will higher.
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