Living wage advocates, how are restaruant owners supposed to deal with being squeezed like this?

Domingo Halliburton

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We talking about affording a home? While it's not as bad as pre-2008 some of the nothing down schemes are coming back. As far as the calculation saying you make x so you can afford y goes I'm not sure how that's done in residential real estate.

I know with a commercial loan they want revenues to cover 1.25 to 1.5 times the debt service depending on the lender.
 
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TLR Is Mental Poison

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We talking about affording a home? While it's not as bad as pre-2008 some of the nothing down schemes are coming back. As far as the calculation saying you make x so you can afford y goes I'm not sure how that's done in residential real estate.

I know with a commercial loan they want revenues to cover 1.25 to 1.5 times the debt depending on the lender.
Commercial is a whole different animal. There is a reason why most retailers/businesses are tenants and not owners.
 

Broke Wave

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I have never said $7.25 is a cruel and inhuman wage :francis: You can own a home down here on that kind of income.

And yes, getting as many people off and as far above MW as possible is a much better idea than raising MW. Raising MW does jack shyt to ensure those people's job security and general level of empowerment. Having a job that isn't an economic condition away from automation or outsourcing is a big source of economic security which goes a long way.

Hahahaha okay you can own a home on 7.25 an hour okay

You got it chico, this is your thread now
 

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Disregard any line of thinking, evidence or information that doesn't confirm your biases and preconceptions brehs.

Higher learning indeed :snoop:
" you can own a house on the lowest possible full time income in America" - you

Am I supposed to entertain that with my hard earned opinions? :laff:
 

Broke Wave

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weird...why doesn't everyone own a house?:patrice:
This thread has become so convuluted... Theres been like 10 different arguments againdt increasing the minimum wage, and the only economics related one was raised by @DEAD7

The rest of these arguments against are some variation of "bootstraps"
 

TLR Is Mental Poison

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" you can own a house on the lowest possible full time income in America" - you

Am I supposed to entertain that with my hard earned opinions? :laff:
Of course, why would you? Anything that doesn't paint MW earners as victims completely subject to their kapitalist overlords has to be dismissed, as your defense of them is rooted in emotion rather than logic.

Again, I want to bring income and wealth inequality down from their currently unsustainable and unreasonable levels. But again, I think addressing all the big barriers to the poor accumulating wealth, like expensive healthcare and housing, expensive higher education, vocational training and general job training, and a lack of mobility (i.e. if you are in a poor area you are stuck) is more productive than raising minimum wage.... while doing jack shyt to address all the issues that are actually keeping the poor and middle class from getting ahead. Your objective isn't to help the poor and middle class though; it's to redistribute as you see fit, even if it doesn't actually help anybody. "Free marketeer" indeed :mjlol:
 

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weird...why doesn't everyone own a house?:patrice:
Bad credit, bad debts, no savings, RE being too expensive locally, home ownership not being a legit option at the moment, the fact that there are less homes to own than people to buy them.... shyt like that. Simple questions a Google search would yield the answers to.
 

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Remember viewers, previous debates between myself and @GinaThatAintNoDamnPuppy! once included, if I remember correctly, "Romney would be better for the economy than Obama"

I think you are impervious to facts
And here you are having a nervous breakdown. You would think based on previous interactions you'd have the edge here.

I just want to be clear.... raising minimum wage is a better idea than job training and affordable education to get people jobs that pay higher than minimum wage, according to you. Is that correct?
 

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And here you are having a nervous breakdown. You would think based on previous interactions you'd have the edge here.

I just want to be clear.... raising minimum wage is a better idea than job training and affordable education to get people jobs that pay higher than minimum wage, according to you. Is that correct?
Public policy is not like one big red button that you press and it only does one thing. It's multifaceted. How does raising the minimum wage prevent the government from investing in job training and affordable education? How does one hinder the other? You're way off base here if youre trying to characterize me as a Socialist... Ive said time and time again I believe in the freest possible markets. However to ignore externalities and the true costs of actions such as paying your workers 7.25 is corportism.

If u can afford a house on 7.25, why do the vast majority of MW earners get government assistance in food stamps and housing transfers WIC etc? Is it because theyre poor money managers compared to a smart money manager like yourself? Thats it I think. Those people are lazy and immoral. At least compared to you, since you make a lot more?
 

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Public policy is not like one big red button that you press and it only does one thing. It's multifaceted. How does raising the minimum wage prevent the government from investing in job training and affordable education? How does one hinder the other? You're way off base here if youre trying to characterize me as a Socialist... Ive said time and time again I believe in the freest possible markets. However to ignore externalities and the true costs of actions such as paying your workers 7.25 is corportism.

If u can afford a house on 7.25, why do the vast majority of MW earners get government assistance in food stamps and housing transfers WIC etc? Is it because theyre poor money managers compared to a smart money manager like yourself? Thats it I think. Those people are lazy and immoral. At least compared to you, since you make a lot more?
You keep projecting convenient arguments onto me because you can't counter what I'm actually saying.

Show me where I said the govt can only do one thing at a time (when I had a whole laundry list of things I wanted the govt to do). Show me where I said poor people are "poor money managers" or "lazy and immoral". Are you talking to me or some idea of what you think everyone who doesn't agree with you is?

How will raising MW get poor people out of easily automatable/outsourceable dead end jobs? How will raising MW make housing, job training, higher education or healthcare more affordable, when the people making the wages you want to raise it to can't afford those things? Can you point to what MW would actually fix without hiding behind emotional canards? Why do we have to address MW first when there are so many other bigger problems poor people face, that raising MW won't fix?

No, you are not a free marketeer. Labor is a market. The very presence of a price floor (MW) != free market. Note, I am not even against MW, nor am I even a free marketeer myself (I can't be if I am for MW and having the govt address all the problems with higher education, housing, etc). I agree that business has too much power at the moment, and I also agree that the govt should intervene in favor of workers. You on the other hand are trying to masquerade as a free marketeer to lend yourself an air of credibility and objectivity while you try and shove old school left wing redistributionism down everyone's throats. You can @ me and use all the smilies, shame tactics and logical fallacies you want... I'm not going for it. My questions are pretty simple, can you answer them?
 

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Most equities (stocks and the like) are held by institutions, not individuals. Those institutions manage shyt like pensions, 401Ks, insurance funds and other financial vehicles highly relevant to normal people. If you have any kind of retirement account, or a college fund for your kids, or basically any kind of investment, you are a shareholder. So this idea that profits only benefit people at the top is a silly myth.
The wealth gap would like to have a word with you....
 
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