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55CrushEm
06-28-2009, 06:26 AM
Uhm, capitalism does encourage lower wages... I mean paying some kids .35 a day to make stuff for us proves it.

Really? I didn't know minimum wage was that low in the U.S. Guess I need to brush up on my tax law.

footstepsfrom#27
06-28-2009, 06:51 AM
Really? I didn't know minimum wage was that low in the U.S. Guess I need to brush up on my tax law.
Capitalism impacts the economy of every country in the world, not just those that employ it as their economic system. Worldwide, 4 billion people live on the equivilent of $2 a day and capitalism by the developed nations accounts for a large part of why this exists. That makes this current capitalistic model in need of major renovations. The nature of capitalism is to utilize resources and markets, which implys a system where "haves"...those with access to these factors...and "have nots"...those without it...engage in an economic relationship where one dominates the other. If such a relationship did not exist, socialism would have no appeal to people as an alternative.

Having said that, capitalism needs repair...not rejection. We're going to have to learn how to empower the bottom of the econmic pyramid for consumption and entrepreneurial energy...a largely ignored $13 trillion market that has the economic potential to do what capitalism has not done in the current edition...help aleviate large portions of global poverty. People like Muhammad Yunus who runs the Grameen Bank which loans money to poor people in Bangladesh are part of the future for capitalism. As an economic system, captialism has for to long ignored people at the bottom, and people are starting to wake up to the fact that not only is this morally wrong...it's also financially foolish.

chadta
06-28-2009, 07:01 AM
People like Muhammad Yunus who runs the Grameen Bank which loans money to poor people in Bangladesh are part of the future for capitalism.

i thought you guys tried that, giving 750,000 mortgages to fry cooks, howd that work out for ya ?

im with crush em that taxes need to come down to encourage spending, i still value a negotiated collective agreement of a union tho.

footstepsfrom#27
06-28-2009, 07:35 AM
i thought you guys tried that, giving 750,000 mortgages to fry cooks, howd that work out for ya ?

im with crush em that taxes need to come down to encourage spending, i still value a negotiated collective agreement of a union tho.
Not sure what "you guys" means...presumably you're implying I'm a socialist, which is far from the truth. I'm in favor of a capitalistic model that works for the 21st century however, not the Reagan era. It's also far from true that the mortgage crisis is the result of only sub-prime lending. The nasty secret they're not telling you is that this has much more to do with the fundamental position of the US economy in a global market where we are both over extended in debt and no longer as competitive as we once were due to shifting realities in labor expenses, the cheap proliferation of technology and the spread of education and expertise across borders via the web. Those factors taken together are larger than any impact that sub-prime lending had on the US economy. If you doubt that...examine how many forclosures we're seeing among the top end of the housing market where people were making six figure incomes. Second...empowering the bottom of the economic pyramid is about access to economic participation through resources like banks at both the consumer and the producer level, not government giveaways. It's about extending the capitalistic model to a $13 trillion market that is now laying largely dormant. This has the potential to make companies money...lots of money...but they have to overcome the same kind of rigid thinking you exhibit with your crack about fry cooks. The Grameen Bank in Bangladesh has loaned billions to the worlds poor and they have a repayment record of nearly 100%...far higher than any financial institution that lends to only the middle or top of the income ladder.

chadta
06-28-2009, 08:56 AM
buy you guys i meant americans, sorry nothing personal or directed specifically at you.

The fry cooks thing tho, come on, what did you think was going to happen when people that make $40,000 a year get a mortgage of 150% of the value of the $1,000,000 house they are living in ? which is already more then they can afford.

The sheer GREED of the people in the banks thinking how rosey it would be making all this interest money lent money to them anyhow. Not everybody is meant to own a house, there is nothing wrong with renting, and to pretend otherwise is stupid.

TUG
06-28-2009, 02:24 PM
Shouldn't this thread be titled blue collar workers love them or hate them?

Spider
06-28-2009, 03:11 PM
Really? I didn't know minimum wage was that low in the U.S. Guess I need to brush up on my tax law.

depends on what part of the country you are in and the cost of living ........ no way does 7.85 an hour get you by in the north east , or any major city in America ......... 7.85 an hour might be good livin in snot rag Wyoming , but not in Denver

Spider
06-28-2009, 03:12 PM
Shouldn't this thread be titled blue collar workers love them or hate them?

;D not many of us blue collars here ..........

alkemical
06-29-2009, 05:32 AM
Really? I didn't know minimum wage was that low in the U.S. Guess I need to brush up on my tax law.

How much are the people paid to make goods you buy? Why are jobs outsourced to other countries?

Why is the minimum wage, really treated as a maximum wage by businesses? Why does the min wage, not match inflation and cost of living?

TailgateNut
06-29-2009, 09:57 AM
Why is the minimum wage, really treated as a maximum wage by businesses? Why does the min wage, not match inflation and cost of living?


Good grief. Where do you get this ****. Are you being abused by your employer?

Minimum wage is for jobs which do not require brain cells and which can be performed by entry level folks. They are not supposed to support a family of four with a house in the suburbs,

alkemical
06-29-2009, 10:05 AM
Good grief. Where do you get this ****. Are you being abused by your employer?

Minimum wage is for jobs which do not require brain cells and which can be performed by entry level folks. They are not supposed to support a family of four with a house in the suburbs,

Why won't you answer the questions i posed?

Pontius Pirate
07-17-2009, 10:17 AM
our #s are not as big as they once were but I wouldn't count your eggs before they hatch. 59 dems with the 60th on the way....EFCA will become law.

Hilarious!

Democrats Drop Key Part EFCA (card check)

http://www.nytimes.com/2009/07/17/business/17union.html?_r=1&hp

Dudeskey
07-17-2009, 10:23 AM
;D not many of us blue collars here ..........

Evidently not...

broncocalijohn
07-17-2009, 10:29 AM
depends on what part of the country you are in and the cost of living ........ no way does 7.85 an hour get you by in the north east , or any major city in America ......... 7.85 an hour might be good livin in snot rag Wyoming , but not in Denver

but let us not pretend that minimum wage is supposed to be a living wage. It is for part timers and students/kids at a basic job. If you think you deserve a living wage cleaning tables at McDonalds, you need to reevaluate your decisions in your life to be working at Mickey Dees. If you do get a Union job as a cash register worker, dont expect me and many to fell sorry for you because you want an increase in pay to $23 for scanning food items. Dont get me wrong on total unions. Some jobs need them and get paid according to the work they do. It is a laughing riot when these grocery workers think they are getting unfair deal.