when you let a politician and union boss inflame your envy to the point that you don't even sit down and work out the arithmetic that they're stampeding you into, then you deserve what you get. One of the stories constantly bandied about is the one about "workers" having to endure pay cuts during the time of the so-called robber barons. No one bothers to find out that that could only work in a DEFLATIONARY environment, where money next year is worth MORE than that same money today. That's swept under the rug. Today, we live in an INFLATIONARY environment, which means that a dollar tomorrow is worth LESS than a dollar today. In the former situation, you wouldn't lose, even with the cut in pay. In the current situation, you lose, even with the increase in pay; your taxes go up, your entitlements go down, and you must stand on your hind legs and act like an adult. Welcome to reality.
It's a great strategy right up to the point that creditors will refuse to take the dollar as payment. When that day comes, in other words when the dollar is no longer the world's reserve currency, we're essentially hosed.
Isn't/ wasn't one of the main arguments in favor of a higher minimum wage that society is subsidizing MW workers because they have to be on welfare? You can't speak logic to these morons. Water finds its own level, but they'll always swear it's lower on the poor side of town.
My point was that they (the minimum wage workers who picketed for 15 bucks an hour) would stop listening to reason (ProChuck's comment) right about the time "federal reserve" passed his lips. I wasn't suggesting YOU attempt to explain anything to anybody... I was replying to profchuck. You altered your original comment that I replied to...making my reply look out of place. :( now I'm just annoyed that I have to explain who I was replying to ....and explaining that you added a whole bunch to a comment that I had already replied to...
You mean I'm not the only one that noticed the practice. Of course I was used to automatic extortion from paychecks having been in the Army. Finding it in the unions was no shock.
A follow up. It's used by unions who are willing to let their members work for lower wages to get contracts as well. One of the more interesting agreements had overtime as less than straight time. Of course when there is only one major union in an industry on the one hand and the industry is just sitting around waiting for the next war to start in order to survive.
I don't intend to engage anyone whoever 'they' are. The facts are often laid out for the use of anyone interested in accuracy. I've taken my share of corrections and the better for it. This isn't a debate for points nor preaching to the righteous. It's apragmatic, objective and accurate oasis of sanity. Take it or leave it. I believe the temperature in this kitchen is just right. (The two years mentioned were benchmarks in economics. )
Fence it off and use it as one of Comrade Ramsey's re-education camps. The course of instruction would be get to the other side and back and survive the reality of Seattle.
'most stupid' it's my day to be pedantic. The answer is 'not the ones whose contracts have pay schedules based on a percentage of minimum wage.. They are the ones laughing all the way to the bank. The most stupid are the one's who think that money is going to equal the cost of living increases caused by the ethanol scam which money into the hands of mega-agri-corp stock holders and left the middle west working stiffs working but with insufficient wages to buy their own products. The next most stupid on the list were the San Franciscans who hailed the ban on ATM fees only to see the prices in the store go up to cover the operating costs. Everybody supporting this sort of thing sees the end of their own nose but not the long run or nor the wide range of affects on others much less the effects on their own pocket just a few short inches away.
You altered your original comment that I replied to...making my reply look out of place. :( now I'm just annoyed that I have to explain who I was replying to ....and explaining that you added a whole bunch to a comment that I had already replied to...
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