Comments by "whyamimrpink78" (@whyamimrpink78) on "O’Reilly Reporter Tries To Ambush Bernie Sanders For An Interview, Fails." video.
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+Jack Albrecht A recession is a recession, it happens naturally in an evolving economy. How we recover is key. Under FDR recovery was slow. This whole "there is no demand" is completely false, there is always demand. The pure fact is that you can't consume what you don't produce.
People demand better goods and services and businesses push to produce it at an affordable price when there is competition. But in the end if there is no production, or if the supply of money becomes greater than the supply of goods and services than prices go up which hurts the economy.
"There is also a lack of demand because there are fewer good paying jobs
because the US has been massively outsourcing for 20+ years, as well as
automation issues."
Automation drives up productivity which drives down prices. That is why disposable income has been growing for decades now. This whole "fewer good paying jobs" is a foolish thought. Jobs are easy to create, wealth isn't. Plus, what is a "good paying job"?
Where does Bernie expect to get that 300 billion? And plus, how will the states raise the money to pay for the 1/3 of it? And how does he plan on fixing the issue of us lacking classroom sizes and professors along with other resources?
Other countries don't have a good as a university system as the US does. While I hate comparing countries it is really clear the US has the best university system in the world.
"Towns are already paying the $15 dollars and hour, they just aren't
paying it in wages. We're paying for it in food stamps, CHIP and
subsidies to help someone making a non-living wage survive. "
Not true. Small towns have lower prices due to lack of resources and people working jobs there such as agriculture, a job that does not produce that much money as opposed to Pixar (which is located in Emeryville, CA, city with the highest min. wage). Consider how rent is around $200, gas is around $2.20/gal, food is cheap, utilities are cheap, doctors are cheap, etc. in small towns the cost of living is low. And if there are people living off of those welfare programs it is because the federal min. wage has contributed to the rising cost and less jobs in those areas. The simple fact is that they can't afford higher wages. The min. wage kills small towns. I have witnessed it personally. There are other factors as well but the min. wage does not help.
You have not been in very many small towns have you?
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+Jack Albrecht
1. Where do I lack understanding of economics? A recession is a recession, period.
2. Ok, how do you increase demand? Explain? I told you that it always exist. But to you it doesn't. So how do you increase it?
3. I read what you said Sanders' proposed. Sanders' proposed the states pay for 1/3 of college. Where is the state going to get the money? I understand that Sanders wants to tax wallstreet, but who is the state going to tax?
4. While excellent universities exist in other countries, in the US we have the best system in the world. We push for more professor/student relation, smaller classes and more activities. Universities in other countries are actually better suited for those doing graduate studies where the US has far more universities that are better suited for undergrad studies.
5. I grew up in a small town as well. Neighboring towns of around 520 and at times smaller. Seems like you lack understanding of small towns.
6. There is not one single good reason to even have a min. wage. It raises prices and kills jobs. Even Paul Krugman in his own textbook states the flaws of price floors such as the min. wage.
"It is a fair but debatable statement that a full time job that doesn't pay a living (poverty or above) wage shouldn't exist."
One, the term "living wage" is subjective and thus means nothing. Two, it is fair to say that if a person can't develop skills to earn enough then they shouldn't be around.
The pure fact is that there are jobs that simply don't produce much. So if that job goes away then what? A person goes from having a job to nothing, thus they are now earning $0.
" Such jobs implicitly put the remaining costs onto society, through
increased health costs, increased public assistance, increased crime,
etc. "
Nope, those problems can be tied to the federal government.
"I've seen your other comments as well. I don't see this conversation
going anywhere but in circles until you come out of your bubble."
What bubble? You have a mindset that we can simply raise the min. wage and that somehow businesses are not going to counter? Businesses will cut hours and raise prices, that is a fact, it happens. When NY raised the min. wage McDonalds fired several employees. Seattle averages 14 employees per restaurant with their high min. wage, the national average is 17. People simply hire less. It seems like you need to get out of your bubble.
One last question. So when the $15/hr min. wage kills jobs, that in your mind are not worthy of being around because they can't pay a "living wage", what do you now do to those unemployed individuals? Those jobs don't exist? Do they go off of welfare? Or does another company, as in a corporation (considering they will be the only ones who can afford the higher wage, Walmart pushed for a min. wage increase).comes in and hires them?
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