Year after NY gov celebrated $15/hr law comes this reminder the REAL min. wage is $0.00

GURPS

INGSOC
PREMO Member
Year after NY gov celebrated $15/hr law comes this reminder the REAL min. wage is $0.00


Last April, New York Gov. Andrew Cuomo celebrated the signing of a new state law:

Proud to sign into law $15 statewide minimum wage and the strongest paid family leave policy in the nation. pic.twitter.com/iJ4DcJObe5

— Andrew Cuomo (@NYGovCuomo) April 4, 2016

Perhaps it’s a total coincidence, but this story comes a year later:

An entire cafeteria staff will be laid off at a New York college and replaced with food-dispensing machines https://t.co/KYf6hkwwJm pic.twitter.com/H1dRLLIM42

— NBC New York (@NBCNewYork) April 14, 2017
 

Larry Gude

Strung Out
Free, right?

The questions was where does it come from, NOT where do kids think it comes from! :lol:

The economy HAS to be looked at as a circulation system. Oil goes from the sump, sucked up by the pump, up through the lines, dispersed into the block, cooling the cylinders, lubing the crank, back down to the pan and out and around again. Not all parts get the same amount at the same time but all parts get some ALL of the time OR...

People vote their interests be it tax breaks, for monopoly status, flat out income from the system on and on down to the lowest of us. If we don't keep enough oil circulating to ALL parts ALL the time, it's gonna fail. And the damndest thing of it all is that business NEEDS customers. It can't sell a damn thing to a robot. So, how to see to it that enough is flowing to all parts, all the time? That's the simple question.

We KNOW we do NOT need 94 million workers and counting, growing. We DO need those people consuming. We DO need them being lubed, too. Participating. It's not income redistribution. That's to suggest it goes away somewhere and out of the system. Imagine if we thought that way about oil, that it just goes away? What would we have then, huh?


An old Harley. :evil:
 

Bird Dog

Bird Dog
PREMO Member
The questions was where does it come from, NOT where do kids think it comes from! :lol:

The economy HAS to be looked at as a circulation system. Oil goes from the sump, sucked up by the pump, up through the lines, dispersed into the block, cooling the cylinders, lubing the crank, back down to the pan and out and around again. Not all parts get the same amount at the same time but all parts get some ALL of the time OR...

People vote their interests be it tax breaks, for monopoly status, flat out income from the system on and on down to the lowest of us. If we don't keep enough oil circulating to ALL parts ALL the time, it's gonna fail. And the damndest thing of it all is that business NEEDS customers. It can't sell a damn thing to a robot. So, how to see to it that enough is flowing to all parts, all the time? That's the simple question.

We KNOW we do NOT need 94 million workers and counting, growing. We DO need those people consuming. We DO need them being lubed, too. Participating. It's not income redistribution. That's to suggest it goes away somewhere and out of the system. Imagine if we thought that way about oil, that it just goes away? What would we have then, huh?


An old Harley. :evil:

The part you're missing in your analogy is we as a nation continue to create more oil/money. It is not a closed system where say 5 quarts is it and it we need to spread it evenly.
 

Larry Gude

Strung Out
The part you're missing in your analogy is we as a nation continue to create more oil/money. It is not a closed system where say 5 quarts is it and it we need to spread it evenly.

We operate in a fiat system. It, simply stated, means we have and create what we say we do.
 

vraiblonde

Board Mommy
PREMO Member
Patron
Larry, minimum wage workers are not who churns the economy. Many of them spend their money on goods that are nontaxable, from vendors who are themselves untaxed. If you know what I mean.

Stop thinking about yourself - you are not a minimum wage employee. You have precisely zero to do with this conversation and economic reality. YOU spend money. YOU buy ####. Minimum wage workers don't. If they get bumped from $10 to $15 per hour with no effort on their part, they are not going to buy a car or a house or consume any real goods to drive the economy. The only thing that does is drive COGS up to compensate for the higher wages being paid out. Then the minimum wage employee will be right back where he started from, and in most cases worse off.

Anyone worth a #### isn't working for minimum wage, at least not for long. Someone who is sharp and on the ball will get promoted; they'll get a better job; they will continue the upward mobility that we all did if we had anything going for us.

The problem we should be addressing is: what do we do with these good for nothings who aren't worth a #### and never will be?
 

Larry Gude

Strung Out
I really don't understand why this is so hard to understand. There are 94 million people, now, the economy does NOT need. Productivity and automation and outsourcing and open borders makes this number grow and grow and grow.

Jobs; Everyone understands how musical chairs works. There are less and less chairs and more and more people, so, why is this difficult to understand? The economy is taking away more and more chairs, 'jobs'. In the meant time, ALL those people are customers. For food, clothing, housing, entertainment.

Money; it is fiat. It is NOT tied to a fix value like everyone seems convinced it is. Debt, growth, deficit. There's are all relative terms when you use a fiat system. This is the key to how easy all of this is to address.

I mean, what's it gonna take? You understand how Monopoly works? Everyone, sooner or later, is broke except for ONE person. And everyone owes them. And can NOT afford it anymore. Unless there is understanding and agreement that it is better for the game to keep going, flowing along, and that there is value, REAL value in people having money to spend be it some basic income or debt write off or what have you. And, unlike Monopoly or musical chairs, people have a vote. They have a say in how the thing works.

So, the good for nothings? make 'em all work! Tomorrow! And then, what happens to wages that have been flat for two generations? Anyone? Anyone? What happens when there is even more supply for declining demand? Anyone?
 

GURPS

INGSOC
PREMO Member
If they get bumped from $10 to $15 per hour with no effort on their part, they are not going to buy a car or a house or consume any real goods to drive the economy

they might upgrade the type beer they buy ... get an Apt in a better neighborhood

$ 20,800 vs $ 31,200

another 11k a yr ...
someone might purchase a better grade of Hoopty ....
but they ain't purchasing a new car ...
unless they are living at home with mom and dad ...


of course this look nice BEFORE Taxes ...

$ 31,200 - $9360 so the take home is about $ 21,840 figuring 30% for all deductions [probably a bit less at the lower income bracket]
$ 20,800 - $6240 = 14,560


a $ 6000 gain means 115 bucks a week ... hardly a weekly upgrade for cars or houses

according to this : http://taxformcalculator.com/tax/31200.html

$ 31,200 = $ 25,609 after Taxes, FICA, SS, Medicare Taxes, and your 'Circumstance Exemptions' of 10K ... [which you would not be getting during the year]

:lol:

the chart is wrong a weekly take home
$ 600 - 200 [circumstance deduction] = 400 - Fed of 51.30 - State of 10.59 - SS of 37.20 - Medicare Tax of 8.70 = 292.40
$ 400 - 200 [circumstance deduction] = 200 - Fed of 42.07 - State of 03.00 - SS of 24.80 - Medicare Tax of 5.80 = 145.37
[for some reason the chart for $ 400 states Cali State Taxes]


Another Salary Calculator http://us.thesalarycalculator.co.uk/salary.php
 

Bird Dog

Bird Dog
PREMO Member
Larry Gude= Walking Quaalude


Dear Larry,

You need to get laid....cheer up

Your friend,

Bird Dog
 
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