GOAT terry crews quote

[TLR Is Mental Poison]

What do you call the forced movement of deliberately underpaying labor ? What does the labor get in exchange for not being compensated?

Labor on the low end is generally OVER paid thanks to minumum wage laws.

You're arguing from a capitalist frame of reference. How does one exactly forego consumption and providing labor voluntarily in most of the societies on earth at this moment in time.

Red herring alert. Just because I need housing doesn't mean I'm obligated to live somewhere like San Francisco or New York. People have way more flexibility in where they work, even on the low end, than what taxes they can or can't pay.

 

[Brown_Pride]

What do you call the forced movement of deliberately underpaying labor ? What does the labor get in exchange for not being compensated?

You're arguing from a capitalist frame of reference. How does one exactly forego consumption and providing labor voluntarily in most of the societies on earth at this moment in time.

that's what i'd argue.
If i work 8 hours and you pay me 5 dollars an hour on some shyt you're going to make thousands off of then that's essentially taking advantage of the system and is sure the fuk a wealth transfer if i've ever seen one, particularly when I then have to go back to you to buy the same shyt i just made.

Indentured servitude is not only a transfer of wealth it's a robbery of wealth

 

[Type Username Here]

Labor on the low end is generally OVER paid thanks to minumum wage laws.

We're done here

 

[TLR Is Mental Poison]

Try and tap out with pride brehs.

 

[Type Username Here]

that's what i'd argue.
If i work 8 hours and you pay me 5 dollars an hour on some shyt you're going to make thousands off of then that's essentially taking advantage of the system and is sure the fuk a wealth transfer if i've ever seen one, particularly when I then have to go back to you to buy the same shyt i just made.

Indentured servitude is not only a transfer of wealth it's a robbery of wealth

Absolutely.

 

[Brown_Pride]

Labor on the low end is generally OVER paid thanks to minumum wage laws.

[/QUOTE]
Yeah cause the problem is the poor people are making too much money....

 

[TLR Is Mental Poison]

Yeah cause the problem is the poor people are making too much money....

Intentionally misconstrue someone's point brehs

Labor is overpriced on the low end, but cost of living is overpriced by an additional order of magnitude which keeps the poor poor. Two separate problems people love to lump together at their own convenience.

 

[Brown_Pride]

Intentionally misconstrue someone's point brehs

Labor is overpriced on the low end, but cost of living is overpriced by an additional order of magnitude which keeps the poor poor. Two separate problems people love to lump together at their own convenience.

Not misconstruing anything really just applying your theory to reality. You can't discuss minimum wage without either discussing or tying it to cost of living as the former is an attempt to make that latter survivable...but YES they are two separate points.

What wold happen to actual living people if we allowed the supply demand curve to dictate wages?

 

[TLR Is Mental Poison]

Not misconstruing anything really just applying your theory to reality. You can't discuss minimum wage without either discussing or tying it to cost of living as the former is an attempt to make that latter survivable...but YES they are two separate points.

What wold happen to actual living people if we allowed the supply demand curve to dictate wages?

Well it wouldnt be fair to apply supply demand to dictate wages without allowing supply/demand to dictate housing, food, healthcare, higher education and all the other basic necessities first. If housing cost half what it did now minimum wage would seem kind of silly. A lot of shyt is distorted and no amount of minimum wage hikes could overcome that. I have to leave but I will get more into it later.

 

[TLR Is Mental Poison]

Well it wouldnt be fair to apply supply demand to dictate wages without allowing supply/demand to dictate housing, food, healthcare, higher education and all the other basic necessities first. If housing cost half what it did now minimum wage would seem kind of silly. A lot of shyt is distorted and no amount of minimum wage hikes could overcome that. I have to leave but I will get more into it later.

Like I was saying a lot of basics are highly distorted. Housing is distorted by low interest rates and the general asset bubble the Fed is maintaining. Higher education is distorted by the blank checks to institutions folks call student loans. Healthcare is distorted by fragmentation, needless complexity, a lack of standards and just general structural incompetence.

 

[blackzeus]

Zero sum exists within the world of pure trade. But if you are creating and innovating "zero-sum" is a farce, especially in the world we live in of fiat currency, value is created everyday through innovation. Think about it, if 9 billion people produced something worth $1 today, that is worth $2 tomorrow, value has been added global wealth. If wealth was a zero-sum game, the human race would have been broke after the population hit 1000

 

[Type Username Here]

Zero sum exists within the world of pure trade. But if you are creating and innovating "zero-sum" is a farce, especially in the world we live in of fiat currency, value is created everyday through innovation. Think about it, if 9 billion people produced something worth $1 today, that is worth $2 tomorrow, value has been added global wealth. If wealth was a zero-sum game, the human race would have been broke after the population hit 1000

What I am saying is that this only applies to the labor force and consumers.

What's the argument against giving labor significant wage boosts?

"We have to pass the cost on to the consumer "

"We have to cut jobs"

"There is no incentive for the owners"

"Owners will lose revenue and wealth"

Blah blah. You see the hypocrisy? The people at the top LOVE to play the zero sum gain when you're talking about increasing wages.

Never have I heard "Our company will double everyones salary but this is okay because we can innovate and generate more wealth"

The zero sum game only applies to those who already control the worlds wealth.

 

[blackzeus]

What I am saying is that this only applies to the labor force and consumers.

What's the argument against giving labor significant wage boosts?

"We have to pass the cost on to the consumer "

"We have to cut jobs"

"There is no incentive for the owners"

"Owners will lose revenue and wealth"

Blah blah. You see the hypocrisy? The people at the top LOVE to play the zero sum gain when you're talking about increasing wages.

Never have I heard "Our company will double everyones salary but this is okay because we can innovate and generate more wealth"

The zero sum game only applies to those who already control the worlds wealth.

Completely agree

 

[blackzeus]

that's what i'd argue.
If i work 8 hours and you pay me 5 dollars an hour on some shyt you're going to make thousands off of then that's essentially taking advantage of the system and is sure the fuk a wealth transfer if i've ever seen one, particularly when I then have to go back to you to buy the same shyt i just made.

Indentured servitude is not only a transfer of wealth it's a robbery of wealth

Robbery implies force, ain't nobody forcing you to work homey, you're more than welcome to claim a homestead in West Virgina and till the land

 

[blackzeus]

We're done here

But @GinaThatAintNoDamnPuppy! is right. If the only reason you're paying a certain salary is fear of reprisal it's not the true value of labor