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

[Poitier]

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.

"basic income"

 

[Suicide King]

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.

I don't think its brainwashing, people are genuinely uninformed. They also pull outrageous scenarios out of thin air, like the price of everything will quadruple.

 

[DEAD7]

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.

You lost me(something easy to do). Are you saying supply and demand isnt "that relevant" or that its lunacy to think it still works?

if so could you explain how/why?

 

[714562]

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.

I don't think you know what the word "arbitraged" means.

 

[Broke Wave]

It means you get paid what you bring to the table not on some pseudo-liberal feel good nonsense emotions about what you "think" you deserve.

If you are an unproductive bum, you deserve to rot in these streets.

Jesus of Nazereth
for I was hungry and you gave me food, I was thirsty and you gave me something to drink, I was a stranger and you welcomed me, I was naked and you gave me clothing, I was sick and you took care of me, I was in prison and you visited me."

"You lack one thing; go, sell what you own, and give the money to the poor, and you will have treasure in heaven; then come, follow me." When he heard this, he was shocked and went away grieving, for he had many possessions.

More "psuedo-liberal" feel good nonsense from the biggest hippy of all time,.

 

[Type Username Here]

More "psuedo-liberal" feel good nonsense from the biggest hippy of all time,.

What a dirty Jewish Communist that Jesus Christ was.

 

[Meta Reign]

"Paid-what-you're-worth" is only true when you're allowed to either individually or collectively bargain with you're employer. . . Most folks making minimum wage don't have that option because the government gives them their wage.

 

[No_bammer_weed]

You lost me(something easy to do). Are you saying supply and demand isnt "that relevant" or that its lunacy to think it still works?

if so could you explain how/why?

Simply put, I think supply and demand has lost most of its relevancy in the economic climate of the last 30 or so years. The interests and leveraged abilities of the working class have eroded significantly, making the relationship completely imbalanced. For many big corporations, actual profits doesnt even have a true connection to the wages and volume of their workforce. Its just an overarching explanation for why wealth has been so effectively extracted from so many people.

I don't think you know what the word "arbitraged" means.

ok....didnt know it had a singular meaning now.

 

[Futuristic Eskimo]

More "psuedo-liberal" feel good nonsense from the biggest hippy of all time,.

he's just going to quote that irrelevant "give to caesar what is caesars line" again and miss the entire point of his religion

 

[DEAD7]

You are taking the word distribution too literally. When I think of the word, I see something like this:

When you think of the word, you think of someone arbitrarily handing out money to everyone in the country. You're missing the fact that, when talking about large sums of people, we need to look at this situation from a mathematical perspective on a societal level and stop harping on how this single man should be paid x amount of dollars based on how productive he is in doing a certain task. You're getting bogged down in the details here when what I'm saying is much more simple.

When you hear it, you see the problem, when I hear it, I hear a proposed solution.

Fair enough. What would you propose as a solution to the disparity?

 

[Futuristic Eskimo]

When you hear it, you see the problem, when I hear it, I hear a proposed solution.

Fair enough. What would you propose as a solution to the disparity?

Investing heavily in education, infrastructure and alternative energies would be a start. As @Type Username Here here pointed out, we can help create entirely new industries that will put people to work through effective public policy. There are obviously tough decisions to be made in how to best go about doing this. It is just irritating to read posts by you and hear opinions from others sharing your views that describe this situation in black and white in every circumstance. These issues are far more complex and involve so many different, inter-connected problems that you cannot solve them by simply repeating "government bad" like a toddler.

As we've discussed before, your worldview, taken to its logical conclusion, is an anarchist society. Is that your solution? Because, if so, you are contributing nothing to this thread. Stick to theoretical discussion if that's the case.

 

[TLR Is Mental Poison]

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.

So then why are you talking all that goofy capitalist "supply and demand" bullshyt. All that pure economic theory is irrelevant in the face of what we actually have, but you regularly jump back on goofy capitalist talking points

Not to mention you contradict yourself... you dismiss the concept of fairness etc...

"Fair", "right", "just", are all subjective and highly problematic terms.

But then point to shyt like corporatism and economic barriers as problems avg people are facing. So when you think something is unfair it's absolute and objective but when someone you are trolling thinks something is fair it's "subjective and highly problematic"

Thats just one example of your perpetual goofiness. You only make good points when you contradict yourself

 

[DEAD7]

Investing heavily in education, infrastructure and alternative energies would be a start. As @Type Username Here here pointed out, we can help create entirely new industries that will put people to work through effective public policy. There are obviously tough decisions to be made in how to best go about doing this. It is just irritating to read posts by you and hear opinions from others sharing your views that describe this situation in black and white in every circumstance. These issues are far more complex and involve so many different, inter-connected problems that you cannot solve them by simply repeating "government bad" like a toddler.

As we've discussed before, your worldview, taken to its logical conclusion, is an anarchist society. Is that your solution? Because, if so, you are contributing nothing to this thread. Stick to theoretical discussion if that's the case.

The complexities that you speak of are always taken into consideration, they just are not used to halt progress. You'd have to give a specific example for a more specific response.
and its 'big government' that is "bad", not government.

So then why are you talking all that goofy capitalist "supply and demand" bullshyt. All that pure economic theory is irrelevant in the face of what we actually have, but you regularly jump back on goofy capitalist talking points

Not to mention you contradict yourself... you dismiss the concept of fairness etc...

But then point to shyt like corporatism and economic barriers as problems avg people are facing. So when you think something is unfair it's absolute and objective but when someone you are trolling thinks something is fair it's "subjective and highly problematic"
Thats just one example of your perpetual goofiness. You only make good points when you contradict yourself

I believe in equality of opportunity, not results.

But this belief that supply and demand is irrelevant I keep hearing is interesting. Could you expand on that?

 

[TLR Is Mental Poison]

I believe in equality of opportunity, not results.

But this belief that supply and demand is irrelevant I keep hearing is interesting. Could you expand on that?

Supply and demand is irrelevant in a corporatist environment because corporations skew the supply and demand to their benefit. So claiming minimum wage goes against supply and demand is bogus. It has problems in a perfect world but could be a stepping stone solution to get there.

 

[DEAD7]

Supply and demand is irrelevant in a corporatist environment because corporations skew the supply and demand to their benefit. So claiming minimum wage goes against supply and demand is bogus. It has problems in a perfect world but could be a stepping stone solution to get there.

Well damn.

What possible solutions, if any, do you see?