>>673001336
Oversimplified. You are an idiot.

File: 801556211.png (160 KB, 392x324) Image search: [Google]

160 KB, 392x324

With higher wages you have more disposable incomes, which encourages spending and this gets the whole economy going. I seem to remember when Truman tried to raise the minimum wage he was constantly critisised and people feared that prices of items would increase but it instead boomed the economy for 25-30 years

File: revolution.jpg (60 KB, 720x436) Image search: [Google]

60 KB, 720x436

>>673001714

>Failed High School Econ

>https://en.wikipedia.org/wiki/Law_of_demand

>>673001591
Socialism didn't fail.
Did you get a 12 year education? Does your town have roads, bridges and police? You are a fucking moron.

>>673001591
Because it ain't!

>>673001336
I love bait threads

File: 1457514088577.jpg (138 KB, 600x664) Image search: [Google]

138 KB, 600x664

>>673001765

>With higher wages you have more disposable incomes, which encourages spending and this gets the whole economy going.

Literally retarded logic.

If we increased the price of milk, wouldn't the milk industry have more disposable income? That will help the economy, right?

Why not raise the price of everything?

>>673001978
>people and milk are the same

File: 1448807250881.jpg (31 KB, 477x477) Image search: [Google]

31 KB, 477x477

>>673001810

>Le roads meme

>>673001978
>milk having disposable income
Topkek

>>673001336
>>673001394
>>673001426
>>673001473
>>673001568
>>673001591
>>673001619
>>673001635
>>673001676
>>673001713
Samefag

>>673002053

Since you're too retarded to understand that it doesn't matter which good becomes higher priced:

Why not raise the minimum wage to 30$? 50$? 100$?

The answer is that minimum wage has direct correlation to unemployment.

>http://www.cbo.gov/sites/default/files/cbofiles/attachments/44995-MinimumWage.pdf
>http://www.economics.uci.edu/files/docs/workingpapers/2006-07/Neumark-08.pdf
>https://www.epionline.org/wp-content/uploads/2014/08/even_5-2011.pdf
>https://www.epionline.org/minimum-wage/minimum-wage-teen-unemployment/

>>673001978
You idiot, when you raise the minimum wage
it has been shown that the economy booms .
Whenever it is raised, the prices of things barely go up, that's a failed myth
Plus, Bernie supported a GRADUAL increase of the minimum wage because he's aware that if you do it on the spot, it'll fuck up the inflation rates
If you raise the minimum wage it'll raise the prices on the everyday things you need, such as food, clothing, but they only ever go up a few cents

>>673001978
>Implying that increasing supply is the same as increasing demand.
1/10 for making me respond

File: CuckieSanders.jpg (52 KB, 640x960) Image search: [Google]

52 KB, 640x960

>>673002137

>milk having disposable income
>"wouldn't the milk industry have more disposable income?"

Unsurprising that Sanders supporters can't read.

Again, retake a high school econ course before you post here

>>673002334
What the fuck is wrong with you

File: 1444943544186.jpg (8 KB, 250x245) Image search: [Google]

8 KB, 250x245

>>673002354

>You idiot, when you raise the minimum wage
it has been shown that the economy booms .

Citation needed. The opposite has been studied and proven.

See:

>>673002334

>>673002408
>Implying that increasing people's disposable income doesn't have a direct correlation with the purchase of luxury items.

>>673001790
wow look guys this guy can post wiki links
so smart, so trustable, dat knowledge
you should run for president, that is how amazing you are

>>673002508

Do you have an actual refutation or do you need more facts?

>https://en.wikipedia.org/wiki/Law_of_demand
>http://www.nber.org/papers/w5224

>>673001978
That statement on the pic is so USA he didn't have money what a loser with a sad life,
I always feel kinda bad that that is the mentallity in the USA

File: image.jpg (163 KB, 1440x907) Image search: [Google]

163 KB, 1440x907

Trumptards BTFO

Feel the bern

>>673002408

>Increasing supply

You keep assuming low-skilled workers will be employed after a minimum wage increase.

AGAIN, please retake your High School Economics course

>https://en.wikipedia.org/wiki/Law_of_demand
>https://en.wikipedia.org/wiki/Law_of_demand
>https://en.wikipedia.org/wiki/Law_of_demand
>https://en.wikipedia.org/wiki/Law_of_demand

>http://www.amazon.com/Basic-Economics-Common-Sense-Economy/dp/0465002609

>>673002608

President Harry Truman, raising the minimum wage
http://www.huffingtonpost.com/2013/08/28/minimum-wage-doubling_n_3819478.html

So American minimum wage is a less than half of what just about everywhere else in the developed world pays. How low does it need to be before people think its too low? Seriously.

>>673001336

>>673002987
Yeah, because minimum wage jobs can be outsourced... I'm guessing you never got past microeconomics.

File: trump1454090012606.png (217 KB, 626x528) Image search: [Google]

217 KB, 626x528

>>673001336
The experts agree!
https://www.youtube.com/watch?v=3ZrAP3kpq18

File: bern_1864980121993760740_n.jpg (78 KB, 640x640) Image search: [Google]

78 KB, 640x640

>>673001336
>implying op knows fuck-all about economics

File: soc_3222321431664259266_n.png (1 MB, 637x616) Image search: [Google]

1 MB, 637x616

>>673001591
It's funny because it's true!

>>673003184

>Yeah, because minimum wage jobs can be outsourced

So what do you plan on doing with the millions of unemployed domestic people from having an extremely large/arbitrary price floor?

You literally have no clue what you're talking about

>>673001336
It's funny how the majority of people bitching against this in this very thread probably stand to benefit the most from an increase and are only brainwashed in believeing this will cause harm because the ruling upper class don't want to share or relinquish power.

File: trump_cuck02.jpg (80 KB, 617x411) Image search: [Google]

80 KB, 617x411

>>673001713

>>673002741
Datberniesupporterlogictho

>>673002334
>not understanding the concept of adjusting for inflation

>>673001810
The United States has a socialist program already. It's called social security and it has failed miserably and their is absolutely no denying that fact. To thinks that the government could handle a complete socialist economy only shows your close mindedness

>>673003407

>Le FDR saved us from The Great Depression meme!

>http://www.mackinac.org/archives/1998/sp1998-01.pdf

Look kids, cucks of capitalism getting hard when the 1% fucks them into poverty.

Feel the Bern of the Dragonborn.
https://www.youtube.com/watch?v=hnXD6FRZtn0

>>673003462

>Raise minimum wage
>adjust for inflation

>Raise minimum wage
>adjust for inflation

>Raise minimum wage
>adjust for inflation

You Sanders supporters are truly braindead

>>673003526
http://images6.fanpop.com/image/photos/33600000/Back-To-Reddit-reddit-33692032-130-160.jpg

File: min_5077980646464193769_n.png (585 KB, 640x640) Image search: [Google]

585 KB, 640x640

>>673002608
>>673002334

>>673003421
If you've ever run a business you know you don't just hire people to stand around doing nothing, you hire what you need to run the business. Raising or lowering a wage doesn't change how many people you need to run something. Sure some businesses will close but more will expand because of increased economic activity. If your business needs to exploit people just to stay afloat then its a shit business that deserves to die.

>>673003506
In what way did social security fail?

File: 1420603975780.jpg (12 KB, 170x215) Image search: [Google]

12 KB, 170x215

>>673003548

>cucks of capitalism getting hard when the 1% fucks them into poverty.

Must be difficult typing that when Capitalism allowed your mom to buy that computer for you to shitpost all day on an image board

>>673003506
It's not fucking failing, there's billions of dollars in it and it can last over half a century, the problem on why it is GOING to fail is because the Republican-led House and Senate keep on trying to cut spending on it like complete fuckwits

>>673003454
I don't support any of the 2
I'm not even from USA
its just funny how you people try to defend the one of the more fucked democratic systems in the world,
and that wiki links are viable sources in debates you guys try to pull

>>673003594
Yeah we should just let prices continue to rise as they already are! Just do absolutely nothing! Fucking genius over here everyone.

File: reagan_838686958165570604_n.jpg (97 KB, 640x640) Image search: [Google]

97 KB, 640x640

>>673003506
>It's called social security and it has failed miserably
Thanks republicans

>>673003681
Because he heard stories at the pubs and bars about someone's sister's cousin exploiting the system.

>>673003697
Regulated capitalism made America great
Now it's just deregulated oligarchs and gun wielding evangelicals
Bernie believes in a regulated capitalist system, with less government on the citizens but bigger government in business, in the way that it should be regulated, not the government creating shitty products because no competition

File: tumblr_inline_n14c7iqqQ61rfumeu.png (187 KB, 346x406) Image search: [Google]

187 KB, 346x406

>>673002334
>causation
>correlation
lrn2stats

>>673002987
Not even gonna try and educate your keyboard warrior ass

File: bern_5159939886075248573_n.jpg (62 KB, 600x600) Image search: [Google]

62 KB, 600x600

>>673003867

>>673003686
>Ancap neckbeards
>Forgets how the liberals used feudal weapons and armor to kill the feudalists.
>Masturbates to the 1%er's having more wealth than themselves.

File: min_3727573613159337619_n.jpg (60 KB, 640x640) Image search: [Google]

60 KB, 640x640

>>673002987

>>673003949
That's my point anon

File: sanders-taxes5002.jpg (124 KB, 640x1064) Image search: [Google]

124 KB, 640x1064

>>673003801

>Doesn't understand what payroll taxes are

>http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan

>>673003732
Unless you're Swedish you can shut the fuck up. Can't think of a country that doesn't have flaws debilitating flaws in one category or another. Half of Europe gets subsidies from the US and Asia, Africa and Latin America are all complete shit in many regards.

There's issues with every political system. No society has figured it out yet because no society can let go of selfish desires and rule out of compassion and necessity. People are driven to coerce some sort of benefit from welding political power.

File: 1446857534673.png (129 KB, 354x504) Image search: [Google]

129 KB, 354x504

>>673003943

>Not even gonna try and educate your keyboard warrior ass

Poor Bernie-cucks are all out of rebuttals

File: bern_6534730107037939195_n.jpg (33 KB, 443x336) Image search: [Google]

33 KB, 443x336

>>673004032
I know. I'm not arguing with you. We are on the same side sir

>>673001336
Literally every single human being on the planet is economically illiterate. To have a model of economics that works in any way you'd have to be able to reasonably accurately model *all* behaviours of *all* humans.

>>673003718
It has failed because the elderly are living much longer than expected and the money they paid in for themselves is gone and now those of us currently working are the ones paying for it. This was not the original intent of the program. It has failed.

>>673003732
>Referencing peer reviewed data rather than making up statistics like a Berniesupporter
>Living in a great country rather than being a europoor
>Agreeing the current station of things is heavily fucked in the financial sector re min wage vs how large corporations fuck us on the daily but that has more to do with legal loopholes in business and employee laws and regulations than simple everyday economic matterd
>Rather live in a two party system than a one party system a la tyrantocracy (yes I know its a made up word by they are a fucking far cry from actual communism) China

> le ebin maymay arrows you benis

>>673004051
Unless we go for a combination of direct democracy, e-democracy, and civic republicanism, and make meetings open and public (broadcasting them live), and bring back ostracism for cases of corruption.

File: 1419908363082.jpg (10 KB, 500x500) Image search: [Google]

10 KB, 500x500

>>673003915

lrn2economics

>https://en.wikipedia.org/wiki/Law_of_demand

>>673004051
where I live no it ain't perfect
hence I said one of the systems
and yours is in my opinion one of the more fucked ones, just 2parties ain't much of a democracy

File: SocSec_816593168433739_5381648637455708035_n.jpg (71 KB, 640x640) Image search: [Google]

71 KB, 640x640

>>673004181
last time I checked it was still going no thanks to republicans

>>673004200
so proud of the 2party system
where I lvie its almost so much you can't count all the parties system
and I ain't a berniesupporter mate

>>673002970
Kek

File: colbertsmirk.gif (1 MB, 225x199) Image search: [Google]

1 MB, 225x199

>>673004121
Yeah I could tell, good to know though

>>673004445

>No citations
>literal facebook-tier image

See:

>>673002334

File: Pink.jpg (7 KB, 305x165) Image search: [Google]

7 KB, 305x165

>>673001394
>>673001676
>>673002334
>>673002354
>>673002608
>>673002987
>>673003018
>>673003054
>>673003184
>>673003421
>>673003594
>>673003642
At least, when Bernie raises minimun wage, I'll stop felling bad for not tipping
>as if I ever tipped, lol

>>673004037

This graph needs a 3rd bar which is the income after tax and after the minimum wage application/increase.

Does the average worker actually get more money to spend in the end? If so, it's a win for the average worker!

Might be a lose for the companies but hey.. capitalism needs regulation because the illusion that companies can grow forever is cute and all but not realistic (e.g. your company will eventually peak at the maximum number of consumers you can get, even if it's at 100% market share and that market is the entire human population).

>>673004181
No, it's failing because it has been continuously robbed to make up for the tax breaks for the rich.

>>673004237
That's the dream but it will never happen, we need to limit the terms for politicians so they can't create political careers let alone dynasties. Descion making should be made by consensus and reasoning not just a handful of oligarchs chasing power and bending the political system to serve their own personal interest.

And completely agree. The transparency of American democracy doesn't exist. There's so much smoke and mirrors from the way thst descions are made to the lack of accountability and even down to the funding and who their financial puppeteers are.

Campaign reform also needs to happen with hard limits so advertising and marketing aren't the primary contributing factors to a candidates victory. Assholes like trump should never have become popular, only reason he's even a candidate now is becuase he's more of a mascot than a person and shit like thst is an embarrassment to democracy.

>>673004297
Good lord your knowledge of economics is basic. I wish first year dropouts would stop lording their ignorance over everyone. If you paid attention to the lecturer he would have told you first year stuff is overly simplistic and cannot be applied to the real world with any degree of accuracy.

>>673003642
us is far from the richenst country on earth
it is in fact the country with the bigest debt

if someone borowed more money than bill gates that would not make him the richest man on earth

>>673004312
We have more than two parties but marketing and money kinda infected our political system so it's very difficult to convince people that running contrary to the two established parties is just as viable.

People vote for brands not ideas. Although in almost every situation when given the chance the majority of people will take the easy way out and only having to decide between two people is alot simpler than weighing all the options and voting for the best candidate.

>>673004662

>Does the average worker actually get more money to spend in the end? If so, it's a win for the average worker!

Again, this is braindead logic.

Going by that, you can raise the price of any good or service because it will just "stimulate the economy".

Seriously, use your brain before you attempt to pass arbitrary laws to fix every problem

File: 1457035595361.jpg (15 KB, 244x243) Image search: [Google]

15 KB, 244x243

>>673004297
not analogous to the situation at hand.

>>673004709

Do you have an actual refutation or are you going to keep shitposting?

You clearly don't understand the relationship between price of a good/service and quantity demanded.

Stop posting, and please don't vote for the good of this country

>>673004855
>richest nation
>also with the biggest debt

Yes, that can happen
The richest people in the world right now added together cannot pay back the whole debt, it built on from Reagan until Obama completely fucked it up
That's why the two party system has failed, the coalition done by the Pubs and Dems in '92 should have never happened

>>673004895
did the ron paul libertarian thing even try this year?

>>673003998
Are you a fucking moron?

A dollar in 1966 is worth $7.43 in 2016, not 22 fucking dollars.

You braindead liberal cuck believing anything you see in an image macro. Go fuck yourself with a cactus

Also, what is inflation?

>>673001336

wow memepics are truth huh

you fucking retard

>>673005043
Rand Paul, his son, ran as a Republican, I think Ron has already retired

>>673004919

>5+ studies cited
>not analogous to the situation at hand.

Bernie-cucks need to try harder

So the people who think raising the minimum wage will destroy the economy are Republican voters right? What do they think about all the current republican flat 10-15% tax plans that will instantly add 2-3 trillion dollars to the deficit? I'm guessing they want to cut the spending to match, but what do they think will happen to the economy when 3 trillion dollars worth of people are suddenly unemployed?

>>673005142

Wow and the lib-cuck has no refutation per usual

the first thing us is gotta solve before everithing else is lobbying
that is not a democratic sistem it's coruption

buying and selling influence is couruptions and that is why other things get's fuked up

File: 1456197387944.jpg (126 KB, 791x960) Image search: [Google]

126 KB, 791x960

mfw the majority of economist believe that wages AND employment will flourish with a Bernie Presidency. Not surprised 4chan is this uneducated on a topic they're seemingly passionate about..

pic slightly related

>>673005075
it was 1960, so it's more close to 8 dollars (actual min wage in many states), but the fact remains. bad infographic is bad

>>673005327
CNN, who continually sucks Hillary's cock made an article, anon is right. http://money.cnn.com/2016/02/08/news/economy/sanders-income-jobs/

>>673005024
Like I said, your arguments are incredibly simplistic. I'm not gonna sit here and teach you macroeconomics and you're not gonna use me not bothering to do that as proof that you're a genius.

>>673005178
not even a berndal sandmore supporter
you're just wrong. law of demand has nothing to do with increasing wages.
>also is wiki link

>>673005185
They don't care becuase they will just move to Europe. Half of them have enough money where it doesn't matter. If q millionaire loses his business do you think they become homeless? They can either sit back, reduce their expenses and live like a king coasting off of residual income or just go into another business to rip people off until that fails. Ceo's that completely kill companies rarely become completely destitute , once you have enough money under your belt it's hard for you to sink. This is why these people don't give a fuck.

>>673005328
Oh shit, my bad. Thanks for correcting me.

u fags can blame comunist countries all u want [even i do for the crimes against umanity they made]

But they had the best medical and educational[not indoctrination related] system structure the democratic needs to take example of that and implement it

>>673005439

And still, no refutation. It's sad when Bernie-cucks can't even fathom or refute a concept learned in day 1 of Micro-Econ

File: 1443933481748.png (138 KB, 350x350) Image search: [Google]

138 KB, 350x350

>>673005327
>>673005426
mfw someone provides sources and kills this conservative shit fest and no one wants to counter because they're wrong.

>>673003323
And democrats think every problem we have is because of Pres. Bush. When he was in office they blamed everything on him. When Obama took over they blamed everything on congress. Are you seeing a trend?

>>673005656
Day 1 is when you're taught what it is but not apply it to the real world you jackass.

>>673005726
Yes, shitty republicans.

>>673003423
Tell me again how this would benefit anyone making $16-30 an hour? It would destroy the value of the dollar and effectively give them a huge pay decrease. This is the class it hurts not the upper class you retard

>>673005709

>kills this conservative

Is this bait? There's numerous studies in this thread that prove you Bernie-cucks are braindead

See:

>>673002334

>>673005726
You are aware Bush fucked the shit out of our country right? Obama blaming congress is actually makes sense, hell they shut down the entire government twice for extended periods of time.

>>673005818
Nice argument bro

>>673005769

>Day 1 is when you're taught what it is but not apply it to the real world you jackass.

Are the sources in this thread not good enough for you?

>>673005826
No it won't. Printing extra money will, not making it change hands.

>>673005839
How honestly retarded are you? Please tell me.

>>673005980

Do you have an actual refutation or are you going to keep shitposting?

Please retake your High School Economics course before you post here

>>673003807

this is what it comes to. these idiots dont realize everythings gone up regardless of wages going up or not. everything has pretty much doubled or tripled in price in the last decade and wages havnt come even close to matching. now even something like buying groceries is turning into a poor vs rich situation, with the poor being denied access to fresh healthy food

File: MinimumWageFDR1.png (308 KB, 600x600) Image search: [Google]

308 KB, 600x600

>>673004588

bigger minimum wage=bigger income tax = more money to the state= more pore people= more inflation from the need to print money => dollar worthing less than now

curently: dollar<paper it gets printed on

>>673005967
It won't what? Decrease the value of the dollar? are you serious? You really think that when you double the minimum wage it wont cause instant inflation?

>>673006217

>Doesn't understand what inflation or the Federal Reserve is

>>673001765
... Which increases inflation, which erodes spending power of wages, which puts minimum-wage workers back to square one. Unless they have improved their skills and moved to higher wage work. Minimum wage jobs are not careers.

File: min_1900326839823665180_n.jpg (51 KB, 616x616) Image search: [Google]

51 KB, 616x616

>>673005075

>>673005953
1) I know those sources, I've studied enough econ to know how much more complicated it is than what you think.
2) The internet can say anything, I can provide you with links proving Obama is a reptilian Jew alien. Doesn't mean its true.

The fact is the current US minimum wage is too low. 15 dollars is about right compared to cost of living. If it was anything over that I'd be on your side saying it would damage the economy. Plainly and simply its low enough now that it is also doing damage. Thats what you learn after micro because its a more complicated concept.

>>673006054
Every economist and their mother agrees that with Bernie's entire plan that BOTH wages AND unemployment with soar. His whole plan is not increase min. wage and expect improvement but for some reason that's what everyone thinks will happen.

>>673001336

ITT shitposters, and people reacting to shitposters

>Raising the minimum wage means unemployment

Work has no intrinsic value. What happens is a constant negotiation of the value of work based off their evaluation and an employers evaluation.

If you value your work more than an employer, you won't get hired, if you value it less, you will get hired.

Generally speaking workers will value their work quite low and employers will value it quite high, which gives a zone in which the employer can ask for raises etc.

If the minimum wage is below this zone it affects nothing, if it's above this zone it causes unemployment, if it's within this zone the worker's wage increases.

Truly retarded libertarians assume that the zone is non-existent or incredibly thin, so that everyone's employment lies on a knife-edge, and minimum wage always either does nothing or causes unemployment.

They sometimes make the argument "why not put minimum wage at $100? Obviously that would cause unemployment. So we shouldn't have a minimum wage" which implicitly ignores the existence of this zone.

More intelligent conservatives say that the gap between the current minimum wage and employer evaluation of work is small for most workers.

However, the majority of economists side with Sanders on this point, saying that the gap is large enough to accommodate a minimum wage increase for the majority of workers.

>>673005857
It's hilarious that liberals love to tote the fact that the president doesn't have the power to do anything unless it's bush. He was a literal dictator and everything he wanted to do in office was put into place, right?

>>673006234

>Le FDR meme

>https://mises.org/library/how-fdr-made-depression-worse

File: Bernie_free_stuff.jpg (36 KB, 472x315) Image search: [Google]

36 KB, 472x315

>>673006331
>derp

>>673006320

>15 dollars is about right compared to cost of living

It's about right where? Does that include California and New York? What about the MidWest?

You can't produce an arbitrary dollar amount and pray it works. Cost of living is vastly different across the US and only the market can determine correct wages

>>673005826
Why would that lower their value, more people with more buying power generally leads to a stronger economy.

If you couple strong tax laws and business laws to regulate business more effectively then it works out for everyone but the top 10%. Ultimately what it boils down to is if there is an increase in labor the top 10% will need to cut their salaries to compensate for finally paying everyone else a fair wage. This isn't something they want to see because raising the price of goods isn't economically feasible to their business. They will need to make cuts one way or another or their business will fail and since they can't legally short their workforce then and they can't rapidly spike the cost of goods it only leads to cuts in one direction

>>673006242
First of all take a look at what percentage of the work force is actually minimum wage and tell me thats gonna have any effect on the value of the dollar. All its gonna do is boost quality of life and increase economic activity.

>>673006452
it is not that u should not have it is that america cannot aford it

>>673006316
Honestly I don't understand why people think the minimum wage is supposed to be able to support a family. That isn't the point of minimum wage

File: 1449046486456.jpg (83 KB, 550x679) Image search: [Google]

83 KB, 550x679

>>673005726
Tax the poor!

File: 1452027940945.jpg (26 KB, 720x383) Image search: [Google]

26 KB, 720x383

>>673003810
Pretty sure obama has done all these things too.

Supplying weapons to murderious regimes:
>saudi arabia
>iraq
Create terrorists
>ISIS, maybe not by choise but still
Supporting racists
>Black lives matter

>>673001336
you might as well remind me that the sky is blue and shit smells bad

>>673006548
Um because the price of everything would have to increase in order for the employers to pay their employees more?

>>673001765
So if everyone got paid a salary of 2 million a year, economy fixed right? Why didn't anyone think of this before and implement this! Genius!

>>673004662

a huge problem with america is americas business profit logic. they use comparative charts of past years to set a measurement quota for themselves that ends up fucking them over because then when they have no growth or business goes down a little, despite making a fucking fortune, it shows as no growth/loss and they cut jobs. this is a terrible way to run a business/economy and is a major contributing factor to why corporate jobs are so fucked in this country right now. companies wont even hire people full time anymore because they dont want to pay for insurance benefits, despite having the money to do so while still profiting

File: 12734225_10153937155837726_6900311191354429445_n.jpg (41 KB, 597x960) Image search: [Google]

41 KB, 597x960

>>673006511

>Theft
>Helping the populace

>>673006316
because stagnate wages have helped with inflation.

>>673005075
Buying power and inflation is not the same thing

>>673006580
yes it was.

keep believing the lies you're right wing cuckmasters keep feeding you.

If u don't support beanie you are a fat faggot that wants trumps racist cock. He's the boy hope for your failing country.

>>673006564

>Turns out it’s 42% of all U.S. workers.

http://fortune.com/2015/04/13/who-makes-15-per-hour/

>>673001336
> not realising that minimum wage is a stimilus package packaged in a social way

you literly give people who cant afford shit a little more money so they can stock up on necessities. they will spent pretty much 100% of what they earn more from which you can deduct the taxes that go right back to goverment.

i mean you realise the people that get the money are not big earners that can manage money and just carry the money to the bank to not do anything with it.

mericans literly dont know shit about goverment management.

File: soc_5186291235826775106_n.jpg (131 KB, 800x800) Image search: [Google]

131 KB, 800x800

>>673006388
http://www.dailyfinance.com/2009/03/07/did-new-deal-end-depression-history-says-deficit-spending-works/

>>673006803
well... 3% isn't really much. And inflation is NOT inherently bad so... yeah, guess it has

>>673006584
>largest tax cuts in US history done by JFK

funny how that always is conveniently left out

Also Clintons renegotiations with boeing locheed that led to the doubling of deployment costs right after he fucked around in the middle east enough to provoke another war

easier to just blame bush for everything, right?

>>673006863
No its not holy shit. It's meant for high school kids after school. Why the hell would it be meant for someone to support a family? that makes no sense

#iFeelSorryForAmerica
-suporting lobby witch is litteraly bribe=coruption
-selling their people's health for a few bucks
-selling their people's education for a few bucks
-selling their people's liberty and lives for les than few bucks

... and they dare call themselfh a 1st world country

>>673001810
Post office, social security, Obama care, Medicare, government housing, food stamps. All filled with waste corruption and are less efficient then trying to put out a house fire by blowing on it

File: min_2701863773492494100_n.jpg (18 KB, 388x280) Image search: [Google]

18 KB, 388x280

>>673006572

>>673006765
exactly

>>673006926

>Le FDR saved us from the Great Depression meme
>dailyfinance

You should really try harder with your sources

>http://www.mackinac.org/archives/1998/sp1998-01.pdf

>>673007023
well that is the problem with those in power everywere

File: bernie_5242383260738910526_n.jpg (16 KB, 320x320) Image search: [Google]

16 KB, 320x320

>>673006800
>implying we don't pay income taxes now
>implying our tax dollars are better spent fighting rag-heads halfway across the world than improving our own healthcare and education systems
>implying you aren't a fucking inbred monger

>>673004902
you do realise that this is how the world does things right?
your braindead logic is literly the normal playbook in politics except in communist countrys and the vatican. if you give money to the poor you ALWAYS increase the money flow because these people dont have the financial security to save lots of money in the first place.

>>673006870
42% on 15 an hour. I'm talking about the people on 7.25 an hour.

>>673007167

>We're spending money on war therefor I should be entitled to your income!

>>673006580
That's the point of minimum wage.... It's THE MINIMUM WAGE NECESSARY to support a family or to basically exist. The problem with minimum wage now is you can't work a job paying 7.50 and survive on your own, you need tremendous support. Look around and tell me how many 20-25 year Olds hell even 30 year-olds still live with their parents becuase they can't afford basic accommodation. Unless you went to college and graduated with a degree your likelihood to be able to support yourself is minimal. The cost of living doesn't reflect the pay most people receive.

If minimum wage isn't supposed to be the bare minimum necessary to survive and support a family then what precisely is the minimum wage for?

>>673006622
tribledobs

>>673001336
I always wonder if you think that it would work the other way around.
> have to pay less to employ
> More people get employed
Because they will throw away all the machines they got to replace minimum wage workers....

Has anyone here actually been to berniesanders.com/issues?

>>673003323
So the world economic collapse was all because of one man and yet Obama states all the time how he doesn't have the power to just do xyz to "fix" something. So either one man has the power to make changes or doesn't. Can't pick and choose.

>>673007231
42% below $15 an hour. You do realize that those people are going up to $15 also right? It's not just people making $7.25

>>673001810
>Socialism didn't fail.

Canadas socialized health care is 1.1 trillion overspent and provides worse care then the US

that sounds like a failed program

Can you provide any example of socialism working in a country as large as the US, with equal unemployment, welfare/disability abuse, and illegal immigration?

i'd bet you can't because it doesn't exist

Socialism doesn't work outside of small homogenus countries, which america will never be

File: soc_4075318944826593956_n.jpg (40 KB, 480x480) Image search: [Google]

40 KB, 480x480

>>673007050
>You should really try harder with your sources

https://dougwead.wordpress.com/2011/01/27/how-fdr-got-us-out-of-the-great-depression-lessons-for-today/

>>673007372
He does but every time he does the conservatives flip their shit.

File: fdr said.png (308 KB, 600x600) Image search: [Google]

308 KB, 600x600

>>673006956
can't believe i'm using this, because i try to just post links, but i think you're too big of a faggot to understand the purpose.

>>673007372
the "one man can change the worls is a crap politician throw when they wanna get elected"

>>673003407
Ww2 did. Fdr packed the court and was on a power trip. If half the shit he really wated where put into effect, and ww2 didn't happen we wouldn't be here

>>673006745
False. They can't just spike prices especially in an international market it would cripple business and it would be easy to put safe guards in place to regulate this. Issue at hand is that the majority of the business is used as a tool to direct money into the pockets of only a handful of individuals. That income needs to be more evenly distributed.

>>673007400
1.3 million works on minimum wage. Those are the ones that need the increase.

>>673007291
Its for high school kids! I still don't understand your argument for why it is supposed to support a family. There is no way businesses could survive if they had to pay each employee enough to support a family because not everyone has a family.

>>673003407
There's an awful lot of elderly poor, and social security is failing
It'll probably get better once the boomers start dying off

>>673001336

You're right.
Because Scandinavia just has such a poor economy

>>673001336
Wow, samefags really hate Bernie.

File: minimum_10153056606481051_895563120285576120_n.jpg (52 KB, 640x640) Image search: [Google]

52 KB, 640x640

>>673006580
see
>>673006234

>>673007291
To work your way through college anon!

Dumb fuck republicans are so out of touch with reality it's a waste of time to try and explain it to them.

Also FDR and the New Deal was socialist you dumb niggers.

>>673007476
And where did he say that its supposed to support a family?

>>673004468
Didnt say you were one, just said that one would rather reference actual data than making up shit like the average burncuck.

And yes, I'm well aware of the number of parties and candidates Ozfailure has. It is a shame that like the US, the people don't really know or understand it all and just take the simple way out.

>Hey! Can you mark 1-50+ on this here fugging huge print out to make sure your vote goes to where it needs to? ...No? Ok then, can you number 1-5 on this little green slip? ......you just wrote 1-5 from the top down with no actual care dor whats going on huh? Great, the people of Australia thank you for your donkey vote chopper. Congrats niggers, you're getting Abbot.


Yup, reeeeal swell.

>>673007427
Not that guy but that's a bit of a shit challenge
>As large as the US
99% of countries are smaller than the US.

In terms of healthcare it seems pretty clear cut. There's only one country where a non-socialised system even vaguely works and that's Singapore, which has a tonne of complications trying to account for the inaccuracies of the market.

Apart from Singapore, all the best countries for healthcare are socialised.

>>673003642
I don't think you understand but as an Aussie I can honestly say we need such a high minimum BECAUSE our cost of living is so fucking high, it's the highest in the sorld if I can recall. Don't model you economy on ours it's broken and poorly managed

File: bernie_dank.gif (2 MB, 360x450) Image search: [Google]

2 MB, 360x450

>>673001336

>>673007291
>It's THE MINIMUM WAGE NECESSARY to support a family or to basically exist.
That's the problem with trying to talk to you people. You're literally so fucking stupid you don't even see you can't even elucidate your own argument without flagrant contradictions.

How the fuck could a wage simultaneously be the minimum necessary to exist, AND cover the costs of a vague nebulous concept of a "family". How big is this "family" minimum wage alone is supposed to cover, retard? 4 people? 5? Fuck you.

Minimum wage should be enough for one person. And it is. I make minimum wage. Nobody is supporting me.

File: min_3180154528863494352_n.jpg (51 KB, 650x650) Image search: [Google]

51 KB, 650x650

>>673007725

Alright, price floors. So, let's say you have a free market at equilibrium, and in that market people are selling hamburgers for $5.00. Hypothetical: you set a price floor of $6.00. Now, people who were buying hamburgers at $5.00 look at the new price tag and say "well, I'm not sure I want hamburgers that bad." They buy less hamburgers. Now, people who were producing hamburgers look at the new $6.00 pricetag and say, "well, since I can make more money per unit I should increase volume." They make more hamburgers. So demand goes down, supply goes up, and a bunch of hamburgers end up getting made and thrown away. This is inefficient.

A minimum wage is a kind of price floor. So clearly, a minimum wage high enough to change anything would only introduce inefficiency (and unemployment) into the economy, right?

Well, no. Here's the catch. We started this discussion from the assumption that we were in a free market at equilibrium. That's not a trivial assumption. We know that in a free market at equilibrium, a minimum wage would increase unemployment. But we don't actually know that the labor market is a free market at equilibrium. Protip: "free market" in this case does not mean "free from government intervention." It basically means a market in which competition is sufficient to self-regulate price-setting behavior. There are lots of things which might prevent a market from being sufficiently competitive, ranging from natural monopolies (own the only supply of X in the area), high start-up costs (preventing new firms from entering and leaving the market rapidly in response to changing economics conditions), and of course government action could be one such obstacle.

And that's really the problem with a lot of internet economics. There are a lot of arguments against progressive policies which get repeated, but the people repeating them don't understand the premises those arguments hinged on in their original texts, so they fuck them up and misapply them.

>>673007759
>I make minimum wage
loser

>>673007504

well thats actually exactly what they did in cali

http://www.eater.com/2015/7/10/8931035/chipotle-price-increase-san-francisco-minimum-wage

>demanded 15 dollar wage
>raised price of all products to match raise

There is nothing illegal about it, and probably exactly what every company will do, hurting the consumer instead of the company

>>673001394
This is ridiculously contrived. The only reason any asshole works for $7.25 is because that is the minimum wage....no one wants it you dumb fuck.

>>673007612
Again what about the families making slightly above that, which is most of them. This hurts them more than it helps

>>673007000
Learn English you fucking monkey.

>>673003673
This has got to be the most idiotic thing in this thread. Do you know how razor thin profits are for 99.9% of businesses? Doubling the cost if labor will not lead to economic boom. You assume that increasing the minimum wage will increase business. That is a stupid assumption. Why and how would it. Either the buisness increases prices which decreases demand or they keep prices and lose profit and run a good chance of costing more to stay open then it is to close. If this worked then businesses would just pay all workers much higher wages

File: 1439121438472.jpg (23 KB, 500x368) Image search: [Google]

23 KB, 500x368

>>673007648
>living wage
what the fuck do you think that means or do i have to spoonfeed every little piece of information like the right wing cuck you are.

>>673007833
Big Macs aren't a way to fucking measure cost of living
Come talk to me when you realise it costs a million dollars to buy a shack in Sydney. Our average property cost past a million and our taxes are insane

File: min_7915397346453860699_n.png (559 KB, 640x650) Image search: [Google]

559 KB, 640x650

>>673007759
>Minimum wage should be enough for one person. And it is. I make minimum wage. Nobody is supporting me.
only because mom and dad don't charge rent for the basement

File: 1445362364502.png (73 KB, 250x164) Image search: [Google]

73 KB, 250x164

>>673001978

>HURR DURR EVERYTHING WILL JUST BECOME MORE EXPENSIVE BY AS MUCH AS YOU RAISE MINIMUM WAGE

The effect of increasing minimum wage is not uniform, idiot.

Everyone who buys milk is not on minimum wage. Those with the least disposable income will not have to go without milk, those who already bought milk will not buy more for no reason.

Jesus.

File: 1455328036382.jpg (700 KB, 1000x767) Image search: [Google]

700 KB, 1000x767

>>673007759
wow look at all those buzzwords you're using to feel smarter than everyone. That's real cute.

>>673001676
Actually idiot you can have low unemployment and high minimum wage. You are too accepting of the bullshit of America.

>>673003681
Pyramid scheme

>>673007427
kid you retarded?
you do realise the US doesnt had healthcare for a giant part of the populus. not providing healthcare makes it worse then better you cant just ignore the people who dont get the service and not include them. also almost every other country in the world has socialized healthcare its not a special thing except in the usa

>>673007250
That's not the way it works. If you create a business and you use the business as means to increase your salary year after year without giving back to the workers that support you're an asshole and you're part of the problem. When someone decided to cut wages of workers to increase or protect their own wages is when this becomes an issue. As a business owner you are entitled to profit but ultimately What's happening is the majority of money is being funneled to one or a few individuals at the expense of others and the first thing people say is " well they should try harder" but it's not nearly that simple.

>>673008011
>Living wage = support a family
>literal retard

>>673008002
>why should i?
it's a shitty language

>>673001336
ITT: retards who can't look at long term economic trends and only focus on the immediate effects of policies.

Minority youth employment is high because minority youths struggle more at school and in early mental and social development. They struggle because they grow up in violent and impoverished neighborhoods with broke school systems because their parents (or often, single parent) can't afford to move to a good area because their $7.25 per hour job they work 50 hours a week at won't pay for anything more than a shitty ghetto apartment, and they can't afford to pay for childcare outside of school hours to keep them out of trouble.

It's about taking short term negatives in certain areas in order to break the cycle of poverty that is spiraling out of control. Unemployment may increase, but for the majority of Americans they gain far more financial stability for their kids, and since personal income and property tax are the most efficient sources of tax revenue, that extra income also flows on to pumping more tax dollars into local governments to help manage the cost of a short term spike in unemployment.

all you braindead retards who just parrot these garbage memes and show just how pathetically weak their understanding of economics and public policy actually is.

>>673007833
aren't smokes almost 20 bucks a pack there?

and a pitchers 15 dollars?

>>673003594
You dont know how inflation work, m9

>>673007882
Thank you. Everybody posting wiki articles to shit like law of demand take note.

>>673008054
I noticed that too
He's using complex words to try Buff his arguments but putting a bow on dogshit doesn't make it any better

>>673001978
wait, wait, wait...his net worth is $300 000?
WTF is wrong with that?

File: min_8847620782761861882_n.jpg (49 KB, 480x480) Image search: [Google]

49 KB, 480x480

>>673007963
raising minimum wage hurts them?

>>673007918

not sure if you're aware but chipotle has had an awful fucking year nationwide

perhaps you shouldn't be using them to reinforce your shitty arguments

no.. wait, you should. keep doing that.

>>673008019
Actually dickhead, it is. There is a whole fucking thing about global economies and wages based on the big mac cost. Govlook it up you faggot and stop trying to buy property in Valcluse

>>673007916
>underrated

>>673002502
Followed by OPs book="Anyone who doesn't agree with my bullshit economic ideas hurts my feelings"

File: health_8112281747465068096_n.jpg (55 KB, 959x563) Image search: [Google]

55 KB, 959x563

>>673008094
you I like

>>673008202
>implying it wouldn't cause further inflation
You really think that Mcdonalds can double their employee pay and not increase the price of burgers?
>lets cut our profit in half

>>673008003
Take a look at areas that have increased their minimum wage and look at the economic activity. Actually look at real world examples and don't just assume hypotheticals you made up to support your position are true. I can make up shit too, but I prefer to look at real world examples to see whats working.

>>673008130
>people should be having families while at minimum wage jobs flipping burgers

thats the problem right there

these jobs aren't meant to spend your life at, they are stepping stones and experience to move on in life

If you are completely financially content doing basic shit work, what motivation do you have to improve yourself and actually do something with your life?

You can't have everything for nothing.

Flipping burgers or mopping floors is not worth that much, and not someones life work

You have no business owning a house or starting a family in one of these positions

>>673003642
Canada's is $11 now

>>673007537
One should be able to subsist off their "living" don't you think?

And 20-25 isn't high-school wage anymore. Adults can't support themselves at these income levels. Did I mention anything about 15-18 year Olds? No i didn't? Take your strawman somewhere else.

Adult hood doesn't start at 30. You should be able to support yourself after the age of 18 on a minimum wage job and be able to afford, a place to stay, transportation and food. Half the country can't even do that.

>>673008353
And destroys their business because no one will eat there.

>>673008269
Mate it's an easy way of demonstrating how bad it's gotten
And since food is one of our better exports with most our meat being produced in our country from farmers who make literally no profit anymore it isn't that free from bias

>>673008480
Sure they will with their brand new $15 an hour job. And it goes round and round and nothing changes

File: min_4320650244941378659_n.jpg (53 KB, 540x642) Image search: [Google]

53 KB, 540x642

>>673008139
honestly depends on the state for cigs. Here in Virginia it's like $5.00 or $6.00 for a pack of Marboros but in New York I think it's double that. Not sure about pitchers since I don't really drink out anymore (I'm old) but $10 to $15 is probably about right. Wait do you think I'm the Aussie? I'm not.

>>673002970
found the 20 something year old college liberal who knows nothing of economics or has held a real job.

File: min_1654102371497248_3733646369993347082_n.jpg (63 KB, 650x650) Image search: [Google]

63 KB, 650x650

>>673008353

>>673008299
so here's the problem
both of them and people like them are bad options. Any idiot in power will cause more problems than he will solve at this point.

What do?

>>673003506
>>>673001810
>The United States has a socialist program already. It's called social security and it has failed miserably and their is absolutely no denying that fact. To thinks that the government could handle a complete socialist economy only shows your close mindedness

Social Security hasnt failed tho, actually since the baby boomers are dying off its stronger than ever. Only reason people say its failed is because government keeps dipping into it and then say its in debt.

>>673008353
I'm happy to spend an extra dollar on their shitty burgers so their employees can actually live a decent life. Its called being a decent person and not a cheapskate dickhead.

>>673008591
I don't think you fully understand the impact that suddenly raising the price of your products has on a business. It'll kill it MUCH quicker than a min wage increase.

>>673007725

Our cost of living in urban centres like syd or melb is so high partly because we are modelling our economy on the US economy but have a much smaller population and much greater distance between population centres here, and minimal infrastructure connecting those centres.

This limits your choices of where you can live and work which makes the big cities fucking expensive.

>>673007932
Nobody wants taxes but that's not a valid reason to eliminate every single tax.

File: Minimum-Wage-Kitty.jpg (73 KB, 450x266) Image search: [Google]

73 KB, 450x266

>>673008434
That's it. If Drumpf wins I'm moving to Canada! British Columbia doesn't get as cold as some of the other parts, right?

>>673008682
and the economical argument suporting that meme??

any shithead can make a statistic... and they actualy do

>>673008094
so a financially disastrous program is now consider a success because it "helps everybody out!"

Its not the governments responsibility to take care of you in this country, its your own personal responsibility

You are not owed anything beyond what you contribute towards

I don't know where this sense of entitlement has come from, but its not worth putting us even further in debt just so you can have services provided for you that you have no right to demand

If you like the other programs around the world (most equally in debt and low quality) maybe you should go to one of those countries when bernie loses

also you did not give me one example of successful socialism on the scale of america

>>673008388
Yes but you can be earning so little that its actually impossible to move up. You need to strike a balance.

>>673008742
Right? Assholes are so concerned with the price for food they choose to eat, and not the well-being people that are making that food. Selfish dicks.

File: trump_loves_his_fanbase.jpg (82 KB, 773x682) Image search: [Google]

82 KB, 773x682

>>673008656

>>673008369
Economics 101. Price increases demand decreases. And don't give me shit like oh company xyz did this etc. That isn't the same thing. I mean Google can do things the local town deli can't. Provide an example of a simaler size