Comments by "whyamimrpink78" (@whyamimrpink78) on "Are We Marching Off An Economic Cliff?" video.

Jordan Mentz The problem with liberals is that they are too simplistic and only go off of emotions. As a moderate I try to be partisan but I despise liberals for that very reason. They see a problem as in a grow income gap. They then get all emotional and cry out "raise the min. wage" as if that is a novel solution. The fact is that it is more complicated then that. But when dealing with emotions one had a hard time being reasonable. Look at Bernie. He points out these problems but his solution is "tax the rich, make them pay their fair share" or "raise the min. wage". It is a too simplistic approach to a complex problem and is a too emotional one. You see it in other policies as well. Take guns for instance. Instead of dealing with the issue of violence they solution is to take away guns, the simplistic approach.
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bloodandwinearered Retired at 47. That is being lazy.
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We are seeing an income gap due to the government giving money away to people who simply don't work or create wealth.
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Kuypers125 If more money is needed then why not remove the middle man and just give people money? The fact is that you can't consume what you don't produce. A company can't sell what it doesn't produce as well. If you as a worker only produces goods that bring in $15/hr, then a company paying you $15/hr is a net gain of $0. Now at $16/hr that company is at a lost because it isn't producing enough to sell, or you are not producing enough for the employer to consume and then sell. Money going to banks isn't bad. Banks use that money to loan out to people to buy homes and start businesses. It isn't like it just sits there.
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Kuypers125 1. If you are worth more then you will earn more. If not than either you are not pushing yourself enough or you simply are not worth more. 2. Demand for better goods and services, and goods and services in general is always high. You can't consume what you don't produce. People demand maid services, but not everyone has one because there aren't many people working as maids. Demand doesn't not need to be stimulate. What needs to happen is more wealth creation. 3. Banks loan out money to people to buy homes and cars and start businesses. As a result the bank makes money and give it to people saving it in their. I haven't signed my life away to my bank. I can access all my money for free. My bank gives me money to have a checking account there. My bank treats me fine.
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Jordan Mentz I do have a slight problem of coming to these comment sections and try to be rational with these individuals. It is kind of an addiction where I waste too much time in hopes that maybe someone can learn. I find the min. wage argument funny. They resort to large businesses such as Walmart or McDonalds but ignore smaller ones. I worked in a small business and when the min. wage was raised we closed our doors down an hour earlier, we cut hours, raised prices, and refused to hire high school age kids. Now we have those on the left that would say that business is a failing business which isn't true. It has been around for over 70 years. Or that the owner was greedy, which also wasn't true. They try to use emotions to justify their position and point towards poor individuals or how businesses are greedy or how Walmart has X% of wealth. They basically resort to typical talking points that are about as shallow as it gets. It is really sad. What I am getting at is that you can get into a discussion with these guys or you can keep your sanity and not. Just beware they don't want to listen, they enjoy remaining ignorant.
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Kuypers125 The term "living wage" is completely subjective and thus doesn't mean anything. You are paid based on how much wealth you create, not to make a living. it is up to you to find a way to make a living. How am I against wealth creation? Paying people an artificial rate, as in the min. wage is the exact opposite of wealth creation. You don't have to sign up for a mortgage, you can always continue to rent.
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Kuypers125 Debt isn't all bad. Taking a few steps back before you go forward isn't bad. What is bad is just giving money away that doesn't create wealth. With debt someone is willing to take a financial risk to loan out money to someone and then get more money back in return. That promotes the growth of wealth. When a min. wage is created it kills jobs and raises prices because people simply are not worth that wage. And as I said before, the term "living wage" is subjective thus it doesn't mean anything. My girlfriend earns the min. wage. She drives a sports car which she is paying off herself. Does she deserve a "living wage"?
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Kuypers125 The person receiving the loan is able to buy what they want out of the loan as they get better to pay it off. They are generating wealth. No different then pulling out a loan to buy a car, they are generating wealth for themselves. The min. wage does kill jobs, the evidence is there. Sorry that the fact it kills jobs doesn't fit your ideas. Now the reason why we don't see unemployment at 90% is because in comparison to the entire economy the min. wage is small. At the rate it is set when there is a small change all the negative results gets lost in the statistical noise. But if you were to remove that noise you will see that groups that are effected by the min. wage do lose jobs. That is why teenage unemployment goes up when the min. wage goes up. The min. wage is outpacing productivity which is why we are seeing a record amount of youth unemployment. If the min. wage didn't kill jobs then why not $50/hr? The term "living wage" is subject. My girlfriend works a min. wage jobs. She is able to eat and breath because we live in a dual income home. She can pay off her car (which takes a lot of her paycheck) and I pay for rent and food. Her "living wage" is lower than someone else. That is why it is completely subjective.
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Kuypers125 You haven't been making rational arguments. You are going off of emotions. You are throwing around the term "living wage" as if it means something when I shown you it doesn't. My girlfriend can pay off a sports car with it, so to me the min. wage is way above a living wage if she can buy such a luxury item. Most people who argue on the min. wage resort to Walmart and McDonalds. Look at Bernie Sanders for example. " I went through this entire thread and couldn't find a single example of someone on the Living-Wage-Side using emotion's to justify anything" The "living wage" argument is purely emotional. It goes against basic economics. You are paid what you are worth not based on your living needs. And as I said the term "living wage" is subjective and means nothing. How about you break that term down to me. We can go off of that to show how foolish your argument is. If you force a higher wage and that business goes into debt then according to those on the left it has fail. Not to any fault of their own but to the fault of those establishing a higher min. wage.
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Kuypers125 When the min. wage is raised there isn't new wealth being created. It isn't as if the workers are making more goods and services. What you are doing is paying workers more to produce the same. That hurts the value of the dollar. That hurts wealth creation. Will you be willing to pay $6 for a gallon a milk? Or $8/gal for gas? Or $120/month for internet? Or have your rent double? I bet not. But if the government were to come in say that all of your expenses, or not even all, just some were to be doubled, then that hurts you financially. You will be paying an arbitrary amount of money to something that is only worth what it is because the government said it was worth that, not because the market set it up that way. "and the businesses that survive the adjustment period" As I said, you feel that if a business can't pay more then it is a failing business.
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Jordan Mentz You made a great point on part time. I heard somewhere that one problem with the min. wage is that while the government mandates the min. pay per hour, it doesn't mandate min. pay per week. That is something supporters of the min. wage don't understand as well. What you said is true about the term "living wage". I asked him what is his standard. I showed him an example of a min. wage worker, my girlfriend in this case, who earns the min. wage and owns a sports car. To me min. wage workers are doing fine. She is. The term living wage is purely an emotional response. I said it to him but he denies it. You said basically what I said. Where is the standard for a "living wage"? I bet mine is lower than his. I have seen a lot of people get by off of very little.
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Kuypers125 Debt is wealth creation. It is one person willing to give another person money to generate capital. What isn't wealth creation if just giving money away. On killing jobs https://www.epionline.org/minimum-wage/minimum-wage-teen-unemployment/ Three studies from universities. It kills jobs for low wage workers, especially teenage workers. What is a "living wage"? For a person with cancer, 5 kids, living in LA $50/hr is close to it. In all you never listed your standards of what a living wage is. In all it is subjective. "Most Companies like to keep their Minimum wage as low as possible because the money they don't pay those employees goes into their bottom line." While it is true that businesses want to pay as little as possible, you have to realize that it is a buyer's and seller's market. If a business is going to pay too low then no one will work for them, or they won't get good workers. Same as if the worker demands too high of a wage the business won't hire them. No different then if a business decides to sell a product too high. If they do no one will buy it, but if they sell it too low then they won't make a profit. You have to also realize a couple things. One, less than 5% of workers earn the min. wage, another is that around 50% of min. wage workers get a raise within a year. On top of that larger businesses such as Walmart have pushed for a higher min. wage knowing that smaller businesses will struggle more and it will hurt Walmart's competition. What I showed you with my girlfriend's example is that the "living wage" subjective. If she was paid a higher wage we can afford a better apartment then the already nice one we live in. Already her wage is paying for a luxury item she doesn't really need. She use to drive my car because I walk to work. In the end the term "living wage" is subject. Answer the question on what is your standard of a "living wage"?
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Kuypers125 Paying someone more when they simply are not worth it hurts the value of the dollar. Therefore it doesn't create wealth. If it did then why not $50/hr?
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Kuypers125 You are talking about criminalizing things. If a business hires someone at $5/hr would that be legal? What if the worker is willing to work at that pay? They wouldn't be allowed to because you just made it illegal for a business to pay that little.
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Kuypers125 Yes you are talking about criminalizing things. If you raise the min. wage to say $15/hr, that means anyone willing to work at $10/hr can't. Also you still haven't explained to me what a "living wage" is.
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Kuypers125 You can't get paid under the table, that is illegal as well. "But here's another way of looking at it, A living wage is: "the hourly wage needed for a family to afford BASIC! everyday expenses, such as housing, food, clothing, utility bills, and child care. "" Ok, what is your standard? Is housing a studio with two other individuals (I had a friend that did that for a while), or a 3 bedroom house? Child care? What if you don't have a child? Utility bills? I can keep my utility bills really low. What are your standards? ""you're girlfriend who is living just fine on the current minimum wage " .. because he is paying all her bills. she isn't living off her wages, she's living off his" That is the whole point we are trying to get at, the term "living wage" is subjective. Based on what you are saying is that she should get paid less. You are basing this off of emotions.
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Jordan Mentz He doesn't get it. I liked how you expanded on the "living wage" how one can make it lower. I walk to work to pay less in gas to lower my "living wage". I spend more time at work during the summer to enjoy the AC to lower my utility bills. This guy doesn't get into detail on what a "living wage" is. He is really lost now.
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Kuypers125 "You cannot lower your Living Wage. that's not up to you." Yes it is, I can get roommates, move to a cheaper apartment. Cheapest dwelling, so a room with 3 other people? That can be $30/month. Cheapest food? 2 means of Raman noodles, $30 a month. Electricity, say $20 a month. So $80/month. Full time is 40 hours a week so 320 weeks out of a month. $80/320 hours is $0.25/hr. The living wage is $0.25/hr.
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Redreptile24 There is always wealth disparity. You have to realize that beyond owning a home the average person has little wealth. That isn't bet because consider someone renting a nice apartment, owning decent car, and having lots of food means a nice life, but little wealth compared to a business owner. I have about the same wealth as my boss who has a PhD simply because we both rent.
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