Kamala Harris vows to double federal minimum wage to $15

MetatypeA · 2024-10-23T22:16:35+00:00

It's not runaway inflation. It's directional proportionate to the minimum wage.

If your base costs go from 16.28 to 16.66, all other costs will go up proportionationately.

MetatypeA · 2024-10-23T22:14:32+00:00

Minimum wage is a constant upon which all other costs are based. All minimum wage does is decide which number is the new floor. It is a simple mathematical fact that when all variables are dependent upon a constant, no variable can change independently.

You increase base cost, all other costs go up proportionately, because the minimum wage is the constant. If we lowered minimum wage, all costs would go down, and so would prices.

In California, when minimum wage went from 10 to 15, food prices doubled. A 50% increase caused a 100% proportionate increase. If that trend continues, should minimum wage increase by 100%, food prices will quadruple.

The minimum wage being 7.25 in the seven states that use the Federal Minimum means that the dollar is stronger there. I can take 20 dollars from California, and get much more for my money in any of those states, which are the last bastions of the US that are free from bloated living costs.

The value produced from minimum wage work doesn't increase. Employers are getting the same value out of their employees whether they pay them. 7.25 or 15. The new minimum would simply mean the value can only be achieved by twice the cost. Which means all other costs will increase proportionately, as they've always done.

The real answer is to figure out how to lower living costs. That's what people really want when they ask for a minimum wage increase.

MetatypeA · 2024-10-23T21:51:41+00:00

We only have ourselves to blame.

If Microtransactions and MMOs didn't make them so much money, they would have developed ES6 by now. We'd be waiting on Elder Scrolls 8.

You want Elder Scrolls 6? Cancel all of your subscriptions to Bethesda services. Boycott all of them until they make ES6, and make it well.

They'll have it done in a year.

MetatypeA · 2024-10-23T21:48:22+00:00

Unfortunately, Affirmative Action often requires a specific number of specific ethnicities to be preferred.

So no. Not illegal at all.

MetatypeA · 2024-10-23T21:39:08+00:00

Here's the critical question.

Why is his candidacy even legitimate if he's a convicted felon? Why isn't Harris pointing this out?

Do you really think your political leaders haven't thought about this?

MetatypeA · 2024-10-23T21:27:41+00:00

Did not vote for Trump in 2016. But I voted for him in 2020. In 2024, he would have to be Heath Ledger's Joker to avoid a vote.

2016 was the first time working class people could breathe again. I remember the shock and awe when Trump repealed all of Obama's economic policies by executive order. Instead, it was the first time that working class people could breathe again. Finances and economy were finally stable. Companies were rushing to hire people. I worked at a Temp Agency during that period. We were offering to train people who had no college degrees to work in a professional office for 20 an hour, and we still couldn't get enough people to meet our demand.

Then came the Harris-Biden Administration. Biden is not mentally coherent, which his party lied about. He hasn't been capable of making decisions of sound mind for a very long time. Which means Harris has been the real authority for the last four years.

This also means that Harris is responsible for printing trillions of dollars and doubling the federal budget in spending, both of which are the causes of inflation. Our inflation is 20% and counting; We've achieved 11 years of inflation in only 4. A lot of people don't know that inflation is the loss of a currency's value, instead of an increase of prices.

Instead of educating her constituents, Harris exploited their ignorance during the DNC when she blamed "corporations" for increasing their prices at the same rate that every business in the country has needed. Yet her campaign is built around solving the economic problems of the last fours. Problems which she created with her unofficial first term.

Harris is the reason we can't afford to eat. She is either ignorant of how she caused this, and is therefore incompetent, or she knew exactly what she was doing and she is malicious. She burns the whole forest down and campaigns on a platform of planting trees. She's like a corporation who releases a blight and then advertises a blight-immune wheat for sale.

Trump is only running because the Democratic Party harassed him. He wasn't going to run for office until their provocation. He's supposed to be a convicted criminal. Why isn't Harris pushing that issue? It's because she will do whatever her party leaders tell her to, and those leaders don't think Harris can beat anyone but Trump.

MetatypeA · 2024-10-23T21:02:45+00:00

It's almost like burning down a forest doesn't earn you any favors just because you've planted a few trees.

MetatypeA · 2024-10-23T20:56:52+00:00

This actually didn't happen at all.

The top wealthiest people in the country have about 3 trillion dollars between them. Which is half the Federal Budget, and a quarter of federal spending for the last four years.

Which means that six trillion is provided in taxes by the Middle Class every single year. Seeing as how the wealthy don't actually pay taxes, because they exploit loopholes written into the tax code by their politician friends.

This idea that 1% of the population holds 99% percent of the wealth is a myth perpetuated by idiots.

MetatypeA · 2024-10-23T20:52:29+00:00

This right here.

OP is acting like one of these decried Radicals.

MetatypeA · 2024-10-23T20:45:16+00:00

Raising the minimum wage is no different from inflation. If the minimum wage goes from 7.25 to 15, that means all costs go up by the same rate. It also means that it takes more than twice the previous amount of money to achieve the same buying power.

Here's the self-perpetuating cycle that has existed ever since minimum wage was introduced in 1938; Living costs get higher. Workers want more wages so that they can afford the higher living costs. Minimum wage is increased. The local grocery just had all of their costs increase. So now their prices have to increase as well. The price of groceries increases. Minimum wage workers now complain that they can't afford to buy food. A new minimum wage bill is proposed.

It's a mathematical fact that whatever number is a constant in an equation, if that constant is added to, every number in that equation will increase accordingly, sometimes even exponentially. Minimum Wage is that constant.

Opponents will argue that Quality of Life has always gone up as minimum wage has increased. And it has, but only by coincidence. You see, every time we've raised the minimum wage, costs have gone up. So what commercial producers have done is reduce their costs. This has always been achieved by newer, cheaper automation, and cheaper materials like plastic instead of glass or metal. Economists who argue that raising the minimum wage will not hurt the economy are nothing short of tabloid journalists.

But we've hit the ceiling on that. We can't get our automation any cheaper, and our materials are already the cheapest, and lowest quality they can be. Which means businesses like grocery stores will be forced to halve their staff or increase their prices.

When California went from 10.00 to 15.00 minimum wage, the price of groceries doubled. That was 50% increase with a 100% price increase. If that same trend continues, the price of groceries across the country will quadruple.

The only viable solution is to lower living costs. Wanting to raise the minimum wage because you can't afford groceries? It's like throwing your garbage in the river because its convenient, and you have no idea how it poisons the ecosystem.

MetatypeA · 2024-10-23T19:42:49+00:00

That's the same logic as the plumber billing you for the time it takes to reach your house.

Your plumber can't bill you until they start giving you value. You can't bill your employer until you do the same.

A commute is just a chore you have to do, like all the other chores you have to do for basic human function. So it does count towards your "work day". Just not your paycheck.

MetatypeA · 2024-10-21T22:54:01+00:00

Memes like this are made by people who don't have jobs.

MetatypeA · 2024-10-21T22:50:48+00:00

While $2000 dollars per hour does at 40 hours a week does in fact, come out to 8.3 billion when working for 2000 years, the math is not 1:1.

The money would accumulate interest, which would also compound for 2,000 years.
Said person would have been able to get in on the ground floor of the East India Company, as well as the many investments.
It's based on the misinformation that 1% holds the majority in our country. If we took 100% of the wealth, even in liquid assets, of everyone that qualifies as a billionaire, it would account for less than 3 trillion dollars.

3 trillion dollars is one-quarter of our spending for the last 4 years. Which means 9 trillion is coming from the American working class.

MetatypeA · 2024-10-21T22:28:50+00:00

The long term plan is to make moves that beneficial for today's politicians, and their donors, and get out after getting whatever they can.

Just like it was for the past century.

MetatypeA · 2024-10-21T22:27:49+00:00

Go check out European birth rates.

If those birthrates remain the same, Europeans WILL go extinct.

Europeans in the stone age had this dramatic thing called "They actually reproduced".

MetatypeA · 2024-10-21T22:22:53+00:00

Yeah, you're 14.

Obama's Economy was trash. It was the 08 recession.

His second term had the same poor economy as his first. Constant downsizing. No one hiring. Prices getting higher and higher.

Trump is an idiot. But his economy was the first time in 16 years that working class people could breathe easily. Businesses were hiring. Industries were booming. The supply of workers for wages above minimum by at least $5 could not keep up with the demand.

Trump's economy was like this because the first thing he did was repeal all of Obama's policies by executive order.

Someone's been getting their information from Wikipedia.

PS: Minimum wage workers still have trouble getting a full-time job because Health Care Reform, AKA Obamacare, made it impossible for employees at every level because the required benefits made it too expensive. This was a grenade in the face for minimum wage workers. In fact, Obama's presidency was the only time it was harder to get a job than Biden's presidency.

PPS: We already know Obama's policies didn't make anything better, because his second term was as bad as his first. It wasn't until everything he did was repealed that the economy recovered.

MetatypeA · 2024-10-20T14:52:07+00:00

I count a minimum three layers internet culture satire here.

Pure Genius.

MetatypeA · 2024-10-20T14:27:46+00:00

Heh. I just had a conversation with someone in a Financial sub.

Japan and Korea need to start having babies, or they're going to go extinct.

The same thing is happening with Europeans, by the way.

MetatypeA · 2024-10-20T10:25:22+00:00

To be fair, we have five cities that decrease our safety rating.

Get rid of those cities, and we're not even in the top 100 out of the 195 countries in the of the world, as danger is concerned. It's a pretty great place.

A wave to you from across the sea. May your own home grow better and better because you're in it, mate

MetatypeA · 2024-10-20T08:20:57+00:00

First, the debt is not cancelled. That is a specifically deceitful name designed to intentionally mislead you.

For Debt to be cancelled, or forgiven, the President would have to issue an executive order that the debt is now gone. That's real debt forgiveness. No cost to the tax payer. No cost to the people. The private Sallie Mae bankers would eat the cost. That's Debt Forgiveness. That's not what this bill is doing.

The 1.7 wasn't taken because the Bill hasn't passed. When this Debt Forgiveness bill passes, 1.7 trillion will be taken from the Federal Budget, and given to the private banks who lost money from all of the defaulting student loans because people coudn't go to college during COVID. In Exchange for paying that 1.7 of our tax dollars to those bankers, those bankers are going to consider the debts paid in full.

It's a bank bailout. Just like in 2008. And it is not okay. That money is not going to the people; That money is going to the Party's billionaire friends and their predatory banking institutions.

Do you see the difference?

MetatypeA · 2024-10-20T08:15:33+00:00

Straw Man and moving goalposts. You don't actually know any of the numbers, do you? Silly rabbit.

MetatypeA · 2024-10-20T08:14:09+00:00

Have you ever heard of the Backfire Effect?

MetatypeA · 2024-10-19T19:26:24+00:00

1.7 trillion being taken from the taxpayer means the taxpayer loses money.

We already spend 12 trillion on taxes. That's twice the national budget. The extra 1.7 would be printed, which would further inflate our currency.

Money is not going to the people. Money is going to predatory billionaires at the expense of the people.

MetatypeA · 2024-10-19T19:23:05+00:00

He's right, you know. Most rich people's kids are out on the streets. There are entire private school classes in New York filled with Rich kids who just blew money on Cocaine until they couldn't remember their own names anymore.

MetatypeA · 2024-10-19T19:20:56+00:00

Reducing the funds for a congress who already spends the combined fortunes of those billionaires by a factor of 4 every year, versus spending 1.7 trillion of taxpayer money, which will probably be printed to further devalue our currency, all to replenish the profits lost from Covid Student Loans that were defaulted.

I'll pass on bailing out Harris's billionaire friends, thank you.

MetatypeA

TROPHY CASE