Comments by "whyamimrpink78" (@whyamimrpink78) on "Libertarian Obliterates Donald Trump's Economy On Fox Business" video.

  1. There is cheap and healthy food.
    4
  2. We have the Federal Reserve to "control" capitalism. The Fed raises interest rates during times of growth and lowers them during recessions. If you look at the recent major recession a reason why it happened was because interest rates were held too low for too long creating a bubble. When Kyle says we are in a bubble now he does not know what he is talking about. Interest rates were raised and will be raised again later this year.
    2
  3. seeibe, low skilled workers end up unemployed. If you raise the min. wage to $10/hr anyone not worth that much will be out of a job. Reality is that some jobs are not worth that much and some companies cannot afford higher wages.
    2
  4. Francis, that is how Kyle acts. It is one thing to disagree about the min. wage on if it is good or bad, but to completely dismiss the other side of the argument is pure ignorance.
    2
  5. Stagnant wages are arguably a myth.
    1
  6. Zucchinna, fruits and vegetables are cheap and healthy.
    1
  7. Wage stagnation is arguably a myth. There are several arguments you can make against it. For example, most use CPI inflation where inflation measurements have many shortcomings. One is how it has a difficult time accounting for technological changes. Cars are more expensive in sticker price, but they also last longer, get better gas mileage and are safer, all which saves money in the end. Also, there is more than one way to measure inflation. You have PCE and GDP deflator and when you use that wages have outpaced inflation.
    1
  8. mezzaninex, a few flaws in your post. Saying you need to earn $18/hr to afford "a basic life" is flawed. One, what is a "basic life"? Next, you are ignoring the fact that businesses pay with healthcare insurance, so the employee does not have to pay for that. And you are ignoring household income. You say 66% of jobs pay under $20/hr. I don't believe that but does that factor in cost of living? Does that factor in salary workers? You need to give more data to compare these numbers to support if what you are saying is a problem or not. Next, most min. wage workers work part time. One reason why they earn the min. wage is because they have a flexible schedule and are not committed to the job they work at. You can't compare the min. wage to average productivity. The min. wage is the minimum, and that productivity is the average. You can't compare the minimum to an average like that. Also, if you were to look at unit labor cost it has been increasing in the restaurant sector, a sector that pays a min. wage. That means hourly compensation is outpacing productivity. You really need to be careful with the numbers you present. You seem to not understand them very well.
    1
  9. If you are taking economic advice from Thom Hartman you are in trouble.
    1
  10. I don't think the economy will collapse because the Fed is raising interest rates. In the past they didn't right before a recession happened. Thom Hartman and Kyle are both fools. They completely dismiss the other side.
    1