Minimum wage hasn't increased relative to inflation. There's a difference between nominal income, and real income, and that can be determined through the derivation of the GPD deflator. Minimum wage can cause unemployment, because the demand for employees is elastic and falls when a binding price floor is set. There are many factors though, and politicians intentionally mislead us. Governments have to control the level of inflation, one way is to keep a certain level of unemployment. Another is through interest rates. Inflation isn't necessarily a bad thing, it results from increased productivity in which the government must introduce more currrency into the economy, effectively devaluing the currency. Theoretically, I believe it is possible to have an economy with a negative inflation rate, at some point prices would become negative, i.e when you buy something they pay you instead of you paying them; after a certain point I suppose a negative account balance would have more purchasing power than a positive one. This would never work practically though, as people can't wrap their head around this concept, and there would be mass hysteria. It is baffling indeed.
Dude he’s scheduled to visit Albuquerque next month leading up to the June 7th New Mexico Primary and someone will undoubtedly say Bern in the Bern (for Bernalillo County) Hotwater
https://www.youtube.com/watch?v=dC4Pvm6Oj4A O Rly, Hillary? You just love playing semantics, don't you? Remember this story from July 2015? Hillary Clinton’s Biggest Campaign Bundlers Are Fossil Fuel Lobbyists
I think these songs are relevant .... https://www.youtube.com/watch?v=pFQkzVbvCe4 https://www.youtube.com/watch?v=68hNXbK-uds
Crazy how well those songs fit... in some ways, more now than ever. Oddly enough (or not odd at all), there's a whole punk movement for Bernie. Like the Facebook page, Punks for Bernie Sanders. Or the punk band themed t-shirts. Or... woah... WOAH! HOLY SHIT I had NO idea about all of this 242 Main awesomeness! Do YOU know about this? (As in, the general 'you'... like, anyone) How Bernie Sanders Shaped the Northeast Punk Scene Seriously, that shit needs more attention.
Personally, I prefer Bernie. But I believe Hillary will win simply because she's the establishments choice.
Ever heard of inflation? Having a 15 dollar minimum wage would be negated by nearly everything costing more. Most people don't even know why things cost more than they used to, and it's because the currency has been so devalued by the Federal Reserve which liberals seem to never want to talk about. Instead they think more socialism and more government is the answer.
Yeah--it'd be the shits to pay people a living wage. Never have before--why start now. It's always been juuuuust enough to keep people poor. Some of us went on to get a decent trade, but not all people can. Therefore those that can't should suffer. Mainly because ---well---they're just not as deserving as WE are. I don't pretend to know the ins and outs of a rigged monetary system, such as that which we have. Inflation, deflation, consumer happiness, insider information, off shore accounts to preclude paying taxes, the owning of legislators who then become puppets to their masters requiring paybacks, the selling of instruments to customers that are then bet against by the sellers resulting in billions going to them------and more. I guess you have this all under control in your mind----to me it's a bunch of crooks stealing from gullible citizens by whatever name you wish to call it.
The minimum wage and inflation are supposed to keep pace with each other. I love how people act like raising the minimum wage is a revolutionary act lol - no, it is something that should occur every few years. $15 mininum wage is debatable depending on where you live in the country, but it does need to be raised.
So I just read that NATIONALLY Bernie is tied with Hillary... and both New York and California are changing before our eyes... history in the making before our eyes.
My feeling is such that IF he is actually nominated--he better watch his back. There are those that don't take kindly to his ideas. Don't have to remind those who remember. But I am.
I just went on Wiki trying to understand inflation, deflation-blah-blah-blah. What a mish-mash of bullshit. The terms used in the piece were insider jargon and not interesting or explanatory to me and my eyes glazed over about 3/4s of the way through. If this-if that-----. I'm not the brightest bulb on the tree, that's for sure, but------it looks as if many of the terms assigned values relative to keeping some kind of balance in the "system' are just way over the top and obfuscatory to anyone except those that play the game in earnest. It's not as simple as --'wages' go up-inflation happens. Maybe someone else can make sense of it. I can't.
^i mostly find that people talk of economics as if it is a natural law, when in reality it is the law of men. Anyway, Bernie just won Wisconsin
Well, in a way economics can be applied to natural law (but not in every way). The principle of supply and demand can be applied to ecosystem ecology; when the prey population increases or decreases, the predator population will follow suit. The rising number of predators cause the prey to decrease. The lower prey numbers increase demand for the predator's resources. The predator numbers will either die off, or leave to find a new ecosystem. If you remove the predator from the equation entirely, you throw the whole ecosystem off balance. The prey will overpopulate and overgraze the vegetation and resources.
