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Occupy Wallstreet is Elo Hell

 
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Arc Tech ?? Senior Member
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10-14-2011

Quote:
Originally Posted by Sonovius View Post
1) you think raised wages makes jobs go away?
2) I can make up percentages too. Inflation would go down about -3000%

easy.

you are part of the problem. propaganda spewed from your vile, misinformed and ignorant mouth. stalin is your god.
Yes, minimum wage increases make jobs go away. Fast food companies aren't going to be hiring this many people if the minimum wage increased by ~125% (where he got his percentage from). Instead, they'll greatly increase automation, and make more workers do less. And possibly jack up their prices.

And if a company can ship its goods, unlike a fast food restaurant, and is paying workers $10/hr here currently, goodbye America, hello India/China/Mexico/wherever.

Simply, and increase in minimum wages reduces the total number of jobs, since there are less new minimum wage jobs than there were previously below it.

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Xianio ?? Senior Member
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10-14-2011

Ah politics in a videogame forum. Such silliness. 90% of the people discussing things here have little to no idea how greater economics work or how political power is measured.

The one thing I find unfortunate is how far away we've moved from protesting (I say we because I mean all of north america; Canada is definitely included in this - G20 for example). The sheer volume of negativity shown to people who are really only attempting to speak for a certain group of individuals should be something encouraged not frowned upon.

I mean there's no contesting the fact that without any form of public debate those with power will remain in and (most likely) increase in power/influence. Even if you don't like what they're saying everyone should be encouraging there right to say it.

It's in our constitutions and protesting isn't anywhere close to encouraging "anarchy" it's actually completely the opposite. It encourages greater stability as issues begin to
become addressed.

Not everyone should protest but everyone should be able to acknowledge that protesting is an important and protected right.

Quote:
Simply, and increase in minimum wages reduces the total number of jobs, since there are less new minimum wage jobs than there were previously below it.
While this may be a common sense approach history has shown that when working wages are increased to closer to living wage rather than substantially below it (as is now the case) the opposite is true. This must be done within reason but historically you're incorrect.

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Gorsz ?? Senior Member
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10-14-2011

Quote:
Originally Posted by Xianio View Post
Ah politics in a videogame forum. Such silliness. 90% of the people discussing things here have little to no idea how greater economics work or how political power is measured.

The one thing I find unfortunate is how far away we've moved from protesting (I say we because I mean all of north america; Canada is definitely included in this - G20 for example). The sheer volume of negativity shown to people who are really only attempting to speak for a certain group of individuals should be something encouraged not frowned upon.

I mean there's no contesting the fact that without any form of public debate those with power will remain in and (most likely) increase in power/influence. Even if you don't like what they're saying everyone should be encouraging there right to say it.

It's in our constitutions and protesting isn't anywhere close to encouraging "anarchy" it's actually completely the opposite. It encourages greater stability as issues begin to become addressed.

Not everyone should protest but everyone should be able to acknowledge that protesting is an important and protected right.


You'll find its the young who start change and revolutions.

The old sit around all day watching propaganda media ran by the rich.

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Arc Tech ?? Senior Member
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10-14-2011

Quote:
Originally Posted by Gorsz View Post
Um, corporations vs union... the big banks classify under corporation, also wtf.. "automobile bailout" the brands of those automobiles are also corporation.

Ok ill play your game, even if you dont count automobile as corporation as well, go compare how much the banks got to how much the automobiles got.

How on earth could you possibly say this administration takes unions over corporation..?
Firstly, the brands of the company were NOT in any peril at all. Go look up chapter 11 bankruptcy and the bankruptcy process for businesses, and what normally happens when a private investor is interested in the company. Then compare it to what the government did with the automobile companies and their unions.

You will find that stockholders and lenders to the company got less than what they would have in a normal chapter 11 bankruptcy. On the other hand, unions got far, far more than they normally would have.

The banks were bailed out because they were worried about a total economic collapse (which was nonsense imo... just making the top guys responsible and use their and the bailout money to pay off deposits would've worked better, and newer, less corrupt, smaller banks would have taken their places). Auto companies going bankrupt doesn't quite cause that.

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Gorsz ?? Senior Member
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10-14-2011

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Originally Posted by Arc Tech View Post
Firstly, the brands of the company were NOT in any peril at all. Go look up chapter 11 bankruptcy and the bankruptcy process for businesses, and what normally happens when a private investor is interested in the company. Then compare it to what the government did with the automobile companies and their unions.

You will find that stockholders and lenders to the company got less than what they would have in a normal chapter 11 bankruptcy. On the other hand, unions got far, far more than they normally would have.

The banks were bailed out because they were worried about a total economic collapse (which was nonsense imo... just making the top guys responsible and use their and the bailout money to pay off deposits would've worked better, and newer, less corrupt, smaller banks would have taken their places). Auto companies going bankrupt doesn't quite cause that.

You skated around the entire subject.

And where do you get your information?? Automobile corporations WERE in peril, and I dont care about your reasoning or not FOR the bailout, the point is dont spout your drivel about this govt picking unions OVER corporations, because thats 100% complete bs.

Banks got SO much money, bank = corporation, the end and thats not EVEN counting the automobile corporation that got a bailout too, im not even going to count that.

You have a very short term memory, you do not remember "GOVERNMENT motors"? GM got a big time bailout that BRAND was in trouble.

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Meow The Mixer ?? Senior Member
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10-14-2011

Quote:
Originally Posted by Arc Tech View Post
Yes, minimum wage increases make jobs go away. Fast food companies aren't going to be hiring this many people if the minimum wage increased by ~125% (where he got his percentage from). Instead, they'll greatly increase automation, and make more workers do less. And possibly jack up their prices.

And if a company can ship its goods, unlike a fast food restaurant, and is paying workers $10/hr here currently, goodbye America, hello India/China/Mexico/wherever.

Simply, and increase in minimum wages reduces the total number of jobs, since there are less new minimum wage jobs than there were previously below it.
This is true. Most companies such as McDonald's have so much money to spend on employes. If the minum wage goes up the money they have to spend on employes stays the same. So like the post above says a few things will happen

1. Higher fewer employes and the higher minimum wage (increase automation)
2. Increase the price of product to compensate for the increase in wages.

No company will ever pay the cost of increased minimum wage or increased taxes. It will always come back to the consumer and/or worker

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Xianio ?? Senior Member
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10-14-2011

Quote:
You'll find its the young who start change and revolutions.

The old sit around all day watching propaganda media ran by the rich.
Well duh. The young have substantially fewer responsibilities and the consequences of going jobless/maybe going to jail for a few nights isn't overly bad. The "old" have homes, careers, retirement plans and children to be mindful of. None of these are small things which should dismissed as less "worthwhile." Simply because "old" people don't join protests though doesn't mean they don't support/actively engage in helping those ideals.

Protesting is the catalyst but it's those same old people you're bashing who have the economic status to push those ideals into meaningful change. It's a system and it requires both parts.

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KrupsMcGee ?? Senior Member
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10-14-2011

Quote:
Originally Posted by Geekweezul View Post
Everyone wants to blame the banks for giving out impossible loans to people who couldn't feasibly pay them back. Were the banks in the wrong? Yeah, maybe. Were the people taking the loans even more wrong? You betcha. Those people took loans way too large for their income simply because the banks said "sure, you can afford this". If you don't understand your own finances and rely on some guy in a suit to tell you what you can or can't afford, you need to get some serious financial help.
Oh the irony. The last sentence is essentially saying if you don't understand your own finances, and you need to get help from someone else, you need to get help from someone else. You're not making the point you intended to make here.

The problem with your statement is that bankers are financial professionals and people trust them (wrongfully because they are often greedy crooks) to understand finances and make reasonable recommendation as to what the can afford. Why would someone hire a financial professional review another financial professional's decision? You only do that if you assume the loan broker is incompetent or corrupt, which you could assume now but there was no reason to think this before the collapse.

There's a code of ethics that many professions live by that these folks aren't expected to abide by. I'd say it's almost akin to a lawyer taking a flimsy case they knew their client would lose just to get paid, and they get it by convincing their client it's a winner. Or a doctor running unecessary tests to jack up their patient's bill.

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Gorsz ?? Senior Member
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10-14-2011

Quote:
Originally Posted by Meow The Mixer View Post
This is true. Most companies such as McDonald's have so much money to spend on employes. If the minum wage goes up the money they have to spend on employes stays the same. So like the post above says a few things will happen

1. Higher fewer employes and the higher minimum wage (increase automation)
2. Increase the price of product to compensate for the increase in wages.

No company will ever pay the cost of increased minimum wage or increased taxes. It will always come back to the consumer and/or worker

Because of greed, their executives want their 500 million dollar bonuses.

Its basically companies hold their workers and consumers hostage so the top 1% can pocket all the money.

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Kitori ?? Senior Member
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10-14-2011

This is the saddest thread I've seen before.
brb getting my popcorn.

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