Galt's Gulch
11

Clinton to make boosting wages central to her economic plan

Posted by $ nickursis 9 years, 9 months ago to Government
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Here is where it all falls apart. This creature will get the faceless masses to supposedly elect her, and then continue the democrap method of crushing any possibility of improvements by imposing more and more looting/mooching programs (such as our wonderful Obamacare), which, as they destroy the economy (whats left of it) they then blame on the republocraps. Is there a benign dictator we can hire, and dispose with all of them?
SOURCE URL: http://news.yahoo.com/clinton-boosting-wages-central-her-170449526.html

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  • Posted by coaldigger 9 years, 9 months ago
    That people like her refuse to follow a rational policy, clearly marks her as an evil presence that does not care what happens as long as they are in a position to take whatever they want from everyone else. If it doesn't all collapse before they die, more the better. There is no system that punishes good behavior and rewards bad, that is sustainable.
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  • Posted by dave42 9 years, 9 months ago
    Income rises as productivity rises. Increasing income without a corresponding productivity increase results in inflation (more dollars chasing the same amount of goods). If she's elected, prepare for Hillaryflation.
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    • Posted by $ WilliamShipley 9 years, 9 months ago
      Income doesn't necessarily rise as productivity rises. The increased productivity can be used for increased profits or lower prices. If all the players in an industry are having similar productivity increases, they may compete with lower prices which will improve the availability of goods to the consumer but not increase wages.

      Competition for the labor pool will have a large effect.
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      • Posted by $ MichaelAarethun 9 years, 9 months ago
        You'll get inflation cycle again no matter who wins the so far meaningless election. Three things in common for all business othere than collecting taxes for the government.

        Quality of product or service
        Quanitity of product or service
        Price of product or service.

        They can adjust one, two or all three to meet the demands of legitimate business expenses COB and the demands of COG or Cost of Government or because of the demands of COG

        When they reach a point where there is no profit. they close their doors and go watch baseball. What happened to the employees? Governments problem.

        TANSTAAFL
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        • Posted by $ nickursis 9 years, 9 months ago
          TANSTAAFL indeed, there is a reason that was the Lunar Colony flag in TMIAHM. I wish they would make it a good movie, it would be as instructive as AS to some.
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          • Posted by plusaf 9 years, 9 months ago
            I LIKE that idea! Great movie! Maybe TNT or SyFy might consider it?
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            • Posted by $ nickursis 9 years, 9 months ago
              There has been a lot of talk, someone had bought the rights a few years back, but nothing came of it. Movies are as much a problem as other things today, the soft headed "executives" have no idea what people want to see. Star Trek Axanar is an excellent example of what people can do when they ignore the conventions and follow their own self's. They will make maybe the best ST movie done, for 1.3 million, and rewrite the movie book in the process.
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      • Posted by plusaf 9 years, 9 months ago
        re: "Income doesn't necessarily rise as productivity rises. The increased productivity can be used for increased profits or lower prices. If all the players in an industry are having similar productivity increases, they may compete with lower prices which will improve the availability of goods to the consumer but not increase wages.
        Competition for the labor pool will have a large effect."

        I think there is one erroneous assumption in that... odds are, as in real life, NOT ALL of the competitors will have "similar productivity increases," and as such, the differences CAN drive higher incomes (due to higher profits and rewards) to the players with the better productivity increases.

        No?
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        • Posted by SaltyDog 9 years, 9 months ago
          You are, of course, correct Plusaf. However, that takes the reasonable view that we're looking at both sides of the equation. A populist bimbo simply looks at one side, saying "Vote for me and I'll make them pay you more" with no concern for the predictable result.
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        • Posted by $ nickursis 9 years, 9 months ago
          Productivity is a slipper quantity, in that a lot of intangibles can be considered. If I make the same amount of things with 3 people than 4, but then I have issues meeting targets when 1 is on vacation, or sick, is that increased productivity? Yes, and no. We have that issue at my employer, who thinks we can just cut headcount and "be ok". Doesn't work that way. Lean 6 Sigma is a process to increase productivity, I am certified as a "green belt" working on my "black", and it takes a lot more discipline to execute, but yield more standard results.
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      • Posted by fosterj717 9 years, 9 months ago
        In a true free market economy, that can't happen! It only happens when government steps in to "regulate" wages and prices. It also is an indication that government is in fact aiding a controlled market place and is dividing up the spoils with the crony-capitalists. Ayn Rand can explain it can't she?
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      • Posted by $ nickursis 9 years, 9 months ago
        William, you need to become the economic mojo head guy, you obviously have a better grasp of reality than any of these goobers running. Look at Chipotels prices in the SF area and what they did with them for proof of their insane policies.
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  • Posted by davidmcnab 9 years, 9 months ago
    I've long been given to wondering if the worst extremes of income inequality reflect market inefficiency much more than actual greed. In other words, a perfectly efficient market would see income inequality still exist, but converge to a much less severe level.
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