Robert Reich: "Paid what you're worth is a dangerous myth"

[No_bammer_weed]

Supply and demand decides.

The idea that inefficiencies can be arbitraged away thru pure neo classical economics orthodoxy is pure lunacy, and has no relevancy to the available data we know about the actual economic trends of the last 30 or so years.

EDIT: Saying it has "no relevancy" is an overstatement on my part.

 

[Suicide King]

I see your point, but there is a legitimate argument to be made about there simply not being another well-paying jobs out there due to things like the decline of manufacturing in the US and others. We shouldn't assume that the structure of the economy is exactly the same as it was in the 1960s

I don't know what a well paying job is, but I do know white collar workers and the middle class incomes have stagnated.

 

[Type Username Here]

I see your point, but there is a legitimate argument to be made about there simply not being another well-paying jobs out there due to things like the decline of manufacturing in the US and others. We shouldn't assume that the structure of the economy is exactly the same as it was in the 1960s

But it can be. How many people do we think we can put to work in this country by having a New Deal type of initiative? Entire new industries can be born and the working class can boom.

Our infrastructure is outdated and can be fixed, we can make a legitimate push towards becoming a Green Energy country, nanotechnology is on the brink of becoming the future's manufacturing source, and so on.

Just boosting the internet speed and bringing our network capabilities and infrastructure throughout the country up to date can make a big impact.

But that's socialism you see?

 

[PikaDaDon]

For all of you guys in support for a high minimum wage: Don't you not understand that businesses are going to lose money?

 

[Poitier]

Goddamn @DEAD7 nikkas giving you that work

 

[Futuristic Eskimo]

But it can be. How many people do we think we can put to work in this country by having a New Deal type of initiative? Entire new industries can be born and the working class can boom.

Our infrastructure is outdated and can be fixed, we can make a legitimate push towards becoming a Green Energy country, nanotechnology is on the brink of becoming the future's manufacturing source, and so on.

Just boosting the internet speed and bringing our network capabilities and infrastructure throughout the country up to date can make a big impact.

But that's socialism you see?

I agree. You're speaking to my point in a previous about how the solutions that are best and easiest to implement are through public policy. I wasn't only speaking of tax policy.

 

[Suicide King]

For all of you guys in support for a high minimum wage: Don't you not understand that businesses are going to lose money?

 

[DEAD7]

Goddamn @DEAD7 nikkas giving you that work

receiving 'that work' > name calling


... and replies will be coming momentarily.

 

[TLR Is Mental Poison]

I see both sides

What dedes like @Chris.B and @DEAD7 fail to realize is corporations set the prices. So the idea of pay based on what corporations think you are worth is no less ridiculous than pay based on "pseudo-liberal feel good nonsense"

Except for the fact that corporations hold all the cards and power. By their goofy ass logic, the folks in southern Persian countries who had their passports stolen and get abused and forced to work in shyt conditions for next to no pay are worth and deserve that. Anything a corporation does to its workers is OK

fukk that.

There is some middle ground but corporate bootlickers sold the dream of being "special" and literally "worth what they are paid" as a human being will keep enabling corporations, govts and the general powers that be to continue railroading a larger and larger slice of the population. No thx

Being paid what you're worth makes sense but people don't have the room to negotiate at all in this economic climate. And govt policies have pretty much destroyed many of the avenues to middle class wealth and social mobility. But Im not going to go back and forth with dudes like @DEAD7 and @Chris.B who only want to talk about the pieces of the problem that serve their egos. You guys are clowns to the nth degree.

 

[TLR Is Mental Poison]

Supply and demand decides, and if we should be working on anything, its fixing the distortions and factors interfering with fair competition.

I agree, but I'd love to hear what you think these distortions and factors are.

 

[Type Username Here]

For all of you guys in support for a high minimum wage: Don't you not understand that businesses are going to lose money?

Before I respond with data, what businesses are you speaking of? Surely not all of them...

 

[DEAD7]

I see both sides

What dedes like @Chris.B and @DEAD7 fail to realize is corporations set the prices. So the idea of pay based on what corporations think you are worth is no less ridiculous than pay based on "pseudo-liberal feel good nonsense"

Except for the fact that corporations hold all the cards and power. By their goofy ass logic, the folks in southern Persian countries who had their passports stolen and get abused and forced to work in shyt conditions for next to no pay are worth and deserve that. Anything a corporation does to its workers is OK

fukk that.

There is some middle ground but corporate bootlickers sold the dream of being "special" and literally "worth what they are paid" as a human being will keep enabling corporations, govts and the general powers that be to continue railroading a larger and larger slice of the population. No thx

Being paid what you're worth makes sense but people don't have the room to negotiate at all in this economic climate. And govt policies have pretty much destroyed many of the avenues to middle class wealth and social mobility. But Im not going to go back and forth with dudes like @DEAD7 and @Chris.B who only want to talk about the pieces of the problem that serve their egos. You guys are clowns to the nth degree.

Moreover, better social safety nets, and bargaining powers should be established, as is the case in other economically stable countries, and the min wage abolished.

if we should be working on anything, its fixing the distortions and factors interfering with fair competition.

 

[TLR Is Mental Poison]

The whole minimum wage thing is kind of a red herring too. ~3% of employed people make minimum wage. Yes many make not much more than that, and would benefit, but to a large degree a higher minimum wage would not solve these people's problems. There are people making 2x, 3x, 4x minimum wage, still struggling to cover health care costs, higher education costs and at the lower end of the scale just making ends meet due to various other factors. @DEAD7 is only now jumping behind these things because they are conducive to contrarianism in this thread. Dude has been trolling so long I don't think he knows what he believes anymore.

 

[DEAD7]

I agree, but I'd love to hear what you think these distortions and factors are.

Education, corporatism, economic barriers, perpetual war(plays an economic role as well), the drug war, over regulation, education, and education.

Those are a few off the top of my head...

Oh and education.

 

[Type Username Here]

The whole minimum wage thing is kind of a red herring too. ~3% of employed people make minimum wage. Yes many make not much more than that, and would benefit, but to a large degree a higher minimum wage would not solve these people's problems. There are people making 2x, 3x, 4x minimum wage, still struggling to cover health care costs, higher education costs and at the lower end of the scale just making ends meet due to various other factors. @DEAD7 is only now jumping behind these things because they are conducive to contrarianism in this thread. Dude has been trolling so long I don't think he knows what he believes anymore.

He's not trolling breh. That's the sad part.

The wealthy and corporations in this country successfully brainwashed plenty of poor and working class people into believing this shyt.