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I understand what your OP was about. Legislating more money into peoples pockets from the profits of corporations isn't going to solve anything. I believe I covered that in earlier posts.
originally posted by: onequestion
a reply to: Bilk22
Maybe you should pay closer attention to the conversation of the thread.
Just saying.
originally posted by: Bilk22
You seem to have no real concept of how markets work. You have more money in your pockets as do your neighbors and me, from higher wages. Well guess what happens to prices of stuff we buy? Have a clue about that?
originally posted by: MrSpad
What really ticks people off and what could lead to real problems down the road is the same companies who claim they can not afford to pay workers more are making billions in profits every quater. So the question becomes how do you balance a companies drive for max profits while also paying workers a living wage. Perhaps a max profit law like is done with power companies and other monopolies. What is also kind of silly is those people would spend that money and drive the economy.
Say if you took a billion of McDonalds 5.5 billion yearly profits and put that into paying the labor force a living wage. That billion would be spent on food, rent, car, etc. and go back into the economy. As it is the billion end up with people who already have billions who just keep it with the rest. That makes zero economic sense.
originally posted by: MrSpad
Say if you took a billion of McDonalds 5.5 billion yearly profits and put that into paying the labor force a living wage. That billion would be spent on food, rent, car, etc. and go back into the economy. As it is the billion end up with people who already have billions who just keep it with the rest. That makes zero economic sense.
I don't think you made your point well enough for me to understand it.
originally posted by: MrSpad
originally posted by: Bilk22
You seem to have no real concept of how markets work. You have more money in your pockets as do your neighbors and me, from higher wages. Well guess what happens to prices of stuff we buy? Have a clue about that?
originally posted by: MrSpad
What really ticks people off and what could lead to real problems down the road is the same companies who claim they can not afford to pay workers more are making billions in profits every quater. So the question becomes how do you balance a companies drive for max profits while also paying workers a living wage. Perhaps a max profit law like is done with power companies and other monopolies. What is also kind of silly is those people would spend that money and drive the economy.
Say if you took a billion of McDonalds 5.5 billion yearly profits and put that into paying the labor force a living wage. That billion would be spent on food, rent, car, etc. and go back into the economy. As it is the billion end up with people who already have billions who just keep it with the rest. That makes zero economic sense.
Yes thus why I talk about a limit to profits like with power companies. The offset in cost is to maintain the same or increase profit. Just as they increase prices strictly to increase profit without an additional cost. Companies could increase wages and still make large profits without an increase in prices if they had a limit on profit amounts. People would make a living wages, cost of items would not increase and the people with billions would keep adding to those billions just at slower rate.
originally posted by: onequestion
We need to having a working class revolution in America. There are way to many jobs in this country that start at 9-10$ an hour which is no longer a living wage working full time in factory, warehousing, nursing, retail, and other service sector related industry's. The companys who own and invest into these corporations are making record profits while the middle class has been decimated. Students are being lied too, politicians are lieing about the real unemployment rate, masters and bachelor degree students are working at Target and Starbucks. We have now an entire generation with no purchasing power and one of the hardest markets ever in this country to start your own small business.
My solution to this is to start a working party similar to the Democrats Republicans and Tea Party. I would consider this a working class revolution where the goal of this part is to ensure that we no longer are taken advantage of in this employers market. To ensure that government programs are geared for entrepreneurship and enabling small business and to end unethical business practices now employed almost across the board with things like staffing agency's and other methods that have been employed to continue increasing profits for shareholders with total disregard for the workers.
originally posted by: pauljs75
In my case, I'm not interested in the manufacturing segment. (Was using that as an example.) With my education background, I'd love to be part of a CGI studio/renderfarm. (Even more fun for me if they use open-source to cut some aspects of overhead.) But nothing like that where I am that wants limited experience people, so I'm underemployed and not productive at all in that skillset. And I'm just not on top of everything I'd need to run such a thing solo. If there were a way to do teamwork from the very start in setting everything up, I would be more than willing to do my part as a pinch hitter and exercise my strengths instead of being fustrated and wasting time ineffectively with all the things I know I'm very weak at.