Comments by "whyamimrpink78" (@whyamimrpink78) on "Geniuses At Fox Business Think $15 Minimum Wage Is Bad Politics" video.

  1.  @sparksthedaytrader9606 , if you take all the money from the executives of Walmart and pass it to the 525,000 lowest paid employees of Walmart they will earn an extra $140 a year, that's it.
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  2. Also, what method of inflation are you using?
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  3.  @StormCrownSr  , yep, that's it. So what about the other 51 weeks?
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  4.  Kylem  , Walmart is a major corporation with many resources. They have the ability to cut elsewhere to prevent prices from going up if necessary. Fun fact, Walmart lobbied for a min. wage increase in the past because they know it will hurt smaller businesses.
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  5.  @SquallAKALeon  , shares are not money. You are being dishonest there bud. We are talking about payroll.
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  6. Way to cherry pick one year. Also, you can't tie the min. wage to inflation because not everything inflates.
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  7.  @traplover6357  , there are many ways to measure inflation. You have CPI, PCE, GDP deflator, Boskin Commission adjustment, etc. Economists use them all. The government typically uses CPI because it gives the highest value and government workers' pay is determined by inflation. Good luck getting re-elected as a politician by running on the idea of reducing workers' pay by using a different inflation method. Also, everything doesn't inflate. Look at flat screen TVs. Expensive when they came out but now they are much cheaper. Look at cars. A car today is arguably more expensive than in the 70s, but a car today is safer, last longer and gets better gas mileage all which saves money. So no, not everything inflates. Advanced economics for you.
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  8.  @MrGrass97  , I don't want to expose who I am to a bunch of crazies on the internet. You don't have to believe what I say, it does not change who I am.
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  9.  @lextacy2008  , rent control means there is no motivation for the landlord to improve the living quarters. Why make improvements when you can't charge more? Also, how can you make improvements when you can't afford it because the rent you are forced to charge is under market value? That means people live in places with leaking roofs like what happened with my boss when he lived in PA.
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  10.  @llg4958  , a worker who can't justify a higher wage should not exist. See, I can make ignorant statements like you do as well.
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  11.  @SquallAKALeon  , what do you mean "never worked"? As for my comment on the worker, that person suggested that any business that cannot afford a higher wage should not exist. In the market there are certain businesses that simply cannot earn a high profit. They have low profit margins. A lot of them are restaurants and retail stores. So this guy is suggesting that essentially almost every restaurant and almost every retail store (like grocery stores) should not exist. So with that how will we get our food? Those businesses have low profit margins simply because of how the market has evolved to. So you are suggesting we have very little choices in where we get our food, if we have a choice at all. That is screwing over the consumers.
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  12.  @KuyonReim159  , you just took a complex economy and reduced it down to the min. wage and the price of food at McDonalds. Also, what about small businesses in Denmark?
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  13.  @magicmushroom7740  1. Christina Romer said with a $9.50/hr min. wage will only grow the economy, at best, 0.02%. 2. People will not have an incentive to produce 3. Actually more money means higher interest rates 4. Only around 2% of full time workers are poor. Most who are poor don't work or work part time.
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  14.  @magicmushroom7740 , why work harder when you can bitch and have the government force your employer to give you a raise?
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  15. Most min. wage workers work part time. Only 2% of full time workers are poor.
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  16.  @vicratlhead2228  , great. You anecdotal stories don't match the norm.
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  17.  @astraldragon5483  , BLS stats shows that. Also https://economics21.org/html/sorry-bernie-few-full-time-workers-live-poverty-2094.html https://www.cbpp.org/research/food-assistance/most-working-age-snap-participants-work-but-often-in-unstable-jobs
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  18.  @reddymon  , I read that as well. They listed full time as those who worked full time, if I recall, around 27 weeks in a year. My stat is working full time year round. My sources say that as well. My other source says those who are poor and work work unstable jobs, like temp jobs that last 27 weeks and not year round. When you lower the standard of course you will get a higher poverty rate. You are moving the goal posts. Maybe I should be more clear. People who work stable, full time jobs year round are typically not poor, only 2% are. Those that don't work or work unstable, temp jobs, are the ones that are poor. Be honest, do you really feel that someone working only 27 weeks in a year is working a "full time" job?
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  19. It is a bad idea.
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  20. Polls are unreliable. They are vague questions on complex issues being asked to people who are not knowledgeable on the issue. Also, when you poll at a $15/hr min. wage compared to a $10/hr min. wage, the number drops.
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  21.  @astraldragon5483  , if you increase productivity prices go down which increases consumers' purchasing power.
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  22.  @Bmanritchie  , you can't consume what you don't produce. If people have more money but productivity is the same prices simply go up. You improve the economy by increasing productivity. Increased productivity means better goods and services that are cheaper. The fact is if someone is earning $8/hr and you increase their wage to $10/hr, where is the incentive for them to produce more? None. They arbitrarily got a raise for doing nothing. So productivity is the same but now he has more money, thus prices will go up.
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  23.  @StormCrownSr  , the last crash involved people buying houses left and right. They were consuming and a crash happened. So history disagrees with you.
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