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When I was a kid’: Elizabeth Warren makes a bold claim about minimum wage

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posted on Feb, 17 2019 @ 01:58 PM
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a reply to: pexx421

Those are responses to their hostility and the to oppression of their own people.

We should not be supporting socialist regimes anywhere and cutting them off is the only moral thing to do.




posted on Feb, 17 2019 @ 01:59 PM
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originally posted by: pexx421

originally posted by: neo96

originally posted by: pexx421
The difference is that workers are almost twice as productive as back then, but effective wages have decreased. To add, I don’t see how increasing wages will devalue the dollar when the fed printed 17 trillion for the banks and the dollar didn’t bat an eyelid.


No they haven't.

Technology has made people more productive at the same time Americans have never been paid more, AND have more benefits.

Employers are already shelling out for your social security/medicare payments. They pay a crap load that gets ignored.

Wage raises means ss/medicaire payments ALSO increase.

Of course wage increases are worthless because of the progressive tax rate.

Meaning the more people get paid. STATISTS have more money to blow.


A simple perusal of gdp share to wages and labor would show that you are incorrect. Over the last 40 years the percentage going to wages and labor has declined. This flies in the face of your characterization that we are getting more back from our work than before.


I am so sick of GD LIES.

www.usdebtclock.org...

House hold assets over $112 trillion dollars.



posted on Feb, 17 2019 @ 02:02 PM
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Household assets 1980 $9 trillion

Household assets 1990 $24 trillion

House hold assets 2000 $42 trillion.

House Hold assets 2012 $65 trillion.

Stagnant my effing ass.



posted on Feb, 17 2019 @ 02:11 PM
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a reply to: Steveogold




stop bleating and make your own thread easy


Nah, I can reply all I want... If It creates thread drift, the mods will tell me... but thanks for your authoritarianism

edit on 17-2-2019 by tinner07 because: (no reason given)



posted on Feb, 17 2019 @ 02:18 PM
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originally posted by: neo96
Household assets 1980 $9 trillion

Household assets 1990 $24 trillion

House hold assets 2000 $42 trillion.

House Hold assets 2012 $65 trillion.

Stagnant my effing ass.


I notice you didn’t post any figures from the gdp share to labor and wages which is what I referred you to.



posted on Feb, 17 2019 @ 02:18 PM
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a reply to: projectvxn




No, but I can be sure I addressed posters individually for whatever the discussion was about.


Nah... i am pretty sure you have thrown a lot of one liners out there lately talking # about democrats in general.... I could be wrong...



posted on Feb, 17 2019 @ 02:19 PM
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a reply to: tinner07




Nah... i am pretty sure you have thrown a lot of one liners out there lately talking # about democrats in general.... I could be wrong...


You're not wrong at all. Not sure what you're trying to refute here, I said as much.



posted on Feb, 17 2019 @ 02:25 PM
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originally posted by: projectvxn
a reply to: pexx421

Those are responses to their hostility and the to oppression of their own people.

We should not be supporting socialist regimes anywhere and cutting them off is the only moral thing to do.


Sounds like the same justification we use for all our interference and wars. It’s funny how we state we do it for the people. I’m sure sanctions, coups, etc usually help the people out in many other nations as well.

And I’m glad we don’t have to deal with Venezuela’s hostility anymore, all those nations they were invading and such, they were terrifyingly threatening.

And you are absolutely correct in saying that this is how we act towards any socialist nation anywhere, so to say that it’s socialisms fault and not the fault of us declaring economic war on them is disengenuous. This theory of socialism being the reason for their failure would not meet scientific criteria in any standard, not even close. At most you can say “nation’s that are socialist, and therefore doomed to economic warfare from a nation of far superior size and power (the US) are doomed to failure” and that would be accurate.



posted on Feb, 17 2019 @ 02:27 PM
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I notice some people apparently don't know it takes money to have assets.

Like Household assets.

IF wages had declined Household assets would have been in decline.

But GUESS WHAT ?

'Muricans have a lot of snip.



posted on Feb, 17 2019 @ 02:27 PM
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a reply to: pexx421




Sounds like the same justification we use for all our interference and wars. It’s funny how we state we do it for the people. I’m sure sanctions, coups, etc usually help the people out in many other nations as well.


Oh no, I'm all about people reaping what they sow.

Wanna be socialists and communists? Starve like them.



posted on Feb, 17 2019 @ 03:01 PM
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originally posted by: neo96
I notice some people apparently don't know it takes money to have assets.

Like Household assets.

IF wages had declined Household assets would have been in decline.

But GUESS WHAT ?

'Muricans have a lot of snip.


Here ya go.

fred.stlouisfed.org...

That will give you the chart, as I’ve mentioned, or share of gdp to labor. Declining. If you have trouble understanding it, it means that the share of all gdp that goes to wage earners and laborers has continued to decline for decades. In other words, gdp being all the money the nation earns, wages being that percentage of it given to workers, and workers those who create it all. The share of it going to the workers has continued to be a smaller and smaller percentage as time goes on.



posted on Feb, 17 2019 @ 03:06 PM
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originally posted by: projectvxn
a reply to: pexx421




Sounds like the same justification we use for all our interference and wars. It’s funny how we state we do it for the people. I’m sure sanctions, coups, etc usually help the people out in many other nations as well.


Oh no, I'm all about people reaping what they sow.

Wanna be socialists and communists? Starve like them.


Ok, so at least we agree that these nations are failing because they are at economic war with the us. The us and you don’t care about their people. And they should all be forced to fail because they want to try socialism. Honesty is refreshing, and I wish our nation would just say up front “we want to exploit your people and resources, and will destroy your nation and rape and murder your men, women and children until you allow us to do so. Oh, and don’t ever try an alternative economic model to ours, or to have a bank or money system not under our control”



posted on Feb, 17 2019 @ 03:09 PM
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I just can't understand why people are complaining about minimum wage jobs. They are jobs, not careers.



posted on Feb, 17 2019 @ 03:12 PM
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a reply to: pexx421

Which DOES NOT include compensation of benefits.

Employer medicare/social security contributions. That's GD WAGES.

Doesn't include workmans comp/unemployment insurance. THATS GD WAGES.

Doesn't include Vacation/Holiday pay. That's GD WAGES.

www.investopedia.com...

So stop perpetuating lies.



No, Social Security payments are not included in the U.S. definition of the gross domestic product (GDP).



posted on Feb, 17 2019 @ 03:15 PM
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a reply to: pexx421




Ok, so at least we agree that these nations are failing because they are at economic war with the us.


They were failing long before that.

This is what socialists do. They take power, fleece the people, and blame the US the entire time. It's NEVER the socialist who is at fault for the failure of his ideas.
edit on 17 2 19 by projectvxn because: (no reason given)



posted on Feb, 17 2019 @ 03:16 PM
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For the purposes of calculating GDP, government spending does not include transfer payments – the reallocation of money from one party to another – which includes Social Security, Medicare, unemployment insurance, welfare programs and subsidies. Because these are not payments for goods or services, they do not represent a form of final demand, also know as GDP.


IT IS INCOME, and they don't count it.

I wonder why.

Answer so a bull crap narrative can be pushed.



posted on Feb, 17 2019 @ 03:21 PM
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originally posted by: projectvxn
a reply to: pexx421




Ok, so at least we agree that these nations are failing because they are at economic war with the us.


They were failing long before that.

This is what socialists do. They take power, fleece the people, and blame the US the entire time. It's NEVER the socialist who is at fault for the failure of his ideas.


Incorrect. Here is how Venezuela changed under Chavez and socialism

www.theguardian.com...



posted on Feb, 17 2019 @ 03:23 PM
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The whole "in today's money" is BS.



posted on Feb, 17 2019 @ 03:26 PM
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originally posted by: neo96


For the purposes of calculating GDP, government spending does not include transfer payments – the reallocation of money from one party to another – which includes Social Security, Medicare, unemployment insurance, welfare programs and subsidies. Because these are not payments for goods or services, they do not represent a form of final demand, also know as GDP.


IT IS INCOME, and they don't count it.

I wonder why.

Answer so a bull crap narrative can be pushed.


That’s funny because social security hasn’t changed in that time. Also when I started in the work force we always got 5% annual raises.... for the last decade, while corporations are reporting record profits, we’re only getting 2%. And my healthcare benefits cost me triple what they used to and cover way less. Workman’s comp has gone down. And holiday and vacation pay are about the same. So no, all those things aren’t new.



posted on Feb, 17 2019 @ 03:35 PM
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a reply to: pexx421




That’s funny because social security hasn’t changed in that time.


Yes it has.

People are living longer which increases those healthcare costs.

Of course some people don't care losing WAGES over decades that won't get counted until they turn 65 and the IRS starts counting it as INCOME.




for the last decade, while corporations are reporting record profits, we’re only getting 2%


Hell of alot more than your gonna get with SS cola raise WHEN people actually get them. There's been YEARS when Seniors haven't.

They are WAGE.

Any money someone else GIVES you is WAGE, and it takes more than one form.
edit on 17-2-2019 by neo96 because: (no reason given)



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