As I just wrote to stinerman: if everyone's income rises by $30K/year, why won't businesses just raise their prices, since everyone now has more money?
Also this wouldn't create money, it would remove programs like welfare and the hassles that go with it to simply distribute funds evenly across the population.
Powerful left-wing special interests (government employee unions, and "civil rights activists) won't even let this idea fertilize, much less gestate long enough for them abort it...
Thus, the living wage would have to be added on top of current welfare systems.
So a welder who makes $50K/year will now make less than the guy who used to make $32K/year. So the welder, and everyone else making over $30K/year are going to want substantial raises.
The only end results are higher unemployment and much higher costs for everyone. The $30K/yr guy is now just as poor as he was before.
Maybe full time should be cut down to 32 Hours. to start with X2 OT at 50 hours and X2.5 at 80 hours
I swear, all these supposedly super-smart people have zero fucking clue about the second most basic element of human nature: the drive to get more than what you (or, in this case, the ownership & management classes) already have.
That change will do nothing but drive up costs -- which will drive up prices -- with the result of: 1) even more rapid development of automation, and 2) either pissing off exempt workers even more than we already are for having to work so much unpaid overtime, or accelerating the off-shoring/"H-1Bing" of what domestic IT employees remain.
Being a wage slave does not "better" you. That's the very silly Protestant work ethic.
The very silly Protestant work ethic created this country, and all the prosperity (fat poor people, FFS!!) in it.
The reality is that a basic income simply supplies security, without creating a poverty trap.
Supply and Demand: passing out lots of money out to everyone (IOW, increasing the supply of money) does nothing but increase the cost of goods.
Also, if the government gives me $30,000/year but I have to work at some boring, back breaking job 40 hours/week to make $32,000/year then why the hell shouldn't I just sit home and play video games?
There (shockingly!!) seem to be a lot of childless and spouseless people on/.
The cost of buying four smartphones adds up quickly, as does the monthly service. And you can't all sit in the living room and watch a streaming moving without turning one person's phone into a hot spot.
Wired is a flat fee no matter how many people use it.
In other words, Saudi Arabia has a lot of people who have both the ability and the motivation to build a decent nation, once oil gets out of the way.
I have a significantly less-positive view of mankind than that.
Radicalism has no "good life" to offer, and often no life at all. ISIS is offering a practical demonstration of just that in the area.
Neither does Communism, but that doesn't stop True Believers from saying, "They just did it wrong. If they do it my way, everything will work out Just Fine."
These countries have by and large been economic backwaters forever and its required basically a state of war and anarchy in Syria for several years to kick off a major wave of migration.
Syria isn't Saudi Arabia, which has a huge population of educated, unemployed young people who are used to the good life and don't revolt only because they're being paid off.
No more payoffs means no more placidity, which means more radicalism.
A lot of central European countries have unilaterally closed their borders and fenced them off, any significant increase in migration will result in political changes that endorse not just closed borders, but the use of deadly force to keep people out, forced repatriation and so on.
But think of the children!!!!
Anyway, as long as it shuts them up about us being fascist pigs for trying to keep out illegal Mexicans, bully on them for trying to deal with their own illegal immigration problem.
Slashdot Mirror
As I just wrote to stinerman: if everyone's income rises by $30K/year, why won't businesses just raise their prices, since everyone now has more money?
If everyone's income rises by $30K/year, why won't businesses just raise their prices, since everyone now has more money?
People just can't wrap their minds around the elegant and straightforward beauty of $FOO.
Conservatives say that exact same thing about penises in one bathroom, and not-penises in the other bathroom. Look how much trouble it gets them in...
That is right, every dollar you own is a debt.
Not you again...
All it took was for Dubyah to be elected and within months we ended up in an unprecedented debt and the economy tanked
Jesus Fucking Christ, but you are one willfully blind sophomore...
Layering the two makes zero sense. Repurposing the existing system for a new purpose does.
That's rational. But...
Why should 'civil rights' activists care that a person who got 16k/year under Welfare gets 20k under a living wage?
Power, and the money which accrues from it.. Who needs politically influential activists if all the black people get more money?
And the unions shouldn't care if we aren't firing employees.
If everyone gets a check, then there's no need for all those bureaucrats. Thus, they'll be RIFed.
Also this wouldn't create money, it would remove programs like welfare and the hassles that go with it to simply distribute funds evenly across the population.
Powerful left-wing special interests (government employee unions, and "civil rights activists) won't even let this idea fertilize, much less gestate long enough for them abort it...
Thus, the living wage would have to be added on top of current welfare systems.
So a welder who makes $50K/year will now make less than the guy who used to make $32K/year. So the welder, and everyone else making over $30K/year are going to want substantial raises.
The only end results are higher unemployment and much higher costs for everyone. The $30K/yr guy is now just as poor as he was before.
Maybe full time should be cut down to 32 Hours. to start with X2 OT at 50 hours and X2.5 at 80 hours
I swear, all these supposedly super-smart people have zero fucking clue about the second most basic element of human nature: the drive to get more than what you (or, in this case, the ownership & management classes) already have.
That change will do nothing but drive up costs -- which will drive up prices -- with the result of:
1) even more rapid development of automation, and
2) either pissing off exempt workers even more than we already are for having to work so much unpaid overtime, or accelerating the off-shoring/"H-1Bing" of what domestic IT employees remain.
Being a wage slave does not "better" you. That's the very silly Protestant work ethic.
The very silly Protestant work ethic created this country, and all the prosperity (fat poor people, FFS!!) in it.
The reality is that a basic income simply supplies security, without creating a poverty trap.
Supply and Demand: passing out lots of money out to everyone (IOW, increasing the supply of money) does nothing but increase the cost of goods.
Also, if the government gives me $30,000/year but I have to work at some boring, back breaking job 40 hours/week to make $32,000/year then why the hell shouldn't I just sit home and play video games?
My point was MOST money has dead presidents on it
Then you should have written that instead of specifically mentioning Benjamin.
Smoke a little less ganja, and study a little bit more of your nation's history. (Alexander Hamilton wasn't President either.)
Only the State obtains its revenue by coercion. - Murray Rothbard
Two people have obviously never heard of the Mafia.
Who the hell thinks up these names? And who the hell buys them???
There (shockingly!!) seem to be a lot of childless and spouseless people on /.
The cost of buying four smartphones adds up quickly, as does the monthly service. And you can't all sit in the living room and watch a streaming moving without turning one person's phone into a hot spot.
Wired is a flat fee no matter how many people use it.
I hope it is comfortable
That's why no one raffles mattresses.
Anybody would need to think about buying this thing is already a practiced liar.
Conclusion does not follow from premise. (Honest guy could be dating dishonest woman.)
How would you replace the old mattress with this new one without your wife knowing (and thus moving her trysts)?
In other words, Saudi Arabia has a lot of people who have both the ability and the motivation to build a decent nation, once oil gets out of the way.
I have a significantly less-positive view of mankind than that.
Radicalism has no "good life" to offer, and often no life at all. ISIS is offering a practical demonstration of just that in the area.
Neither does Communism, but that doesn't stop True Believers from saying, "They just did it wrong. If they do it my way, everything will work out Just Fine."
But there's a reason that we domesticated horses, built carriages, trains, bicycles, automobiles and trucks: we want stuff faster than walking speed.
It has everything that I said it did. Which is nothing.
But people seem to forget that there is a different way to play digital music other than booting up a computer.
HAHAHAHAHAHAHAHAHAHAHAHA
Production capacity must be pretty damned low.
What makes you say that given that most people can throw a record on a turntable faster than they can ...
stick a CD in a CD player?
Stupidity says you can get a record playing faster than you can get a CD playing.
I had a CD player and record player at one point. CDs sounded better. (Less scratch/pop/hiss.)
And much more convenient.
These countries have by and large been economic backwaters forever and its required basically a state of war and anarchy in Syria for several years to kick off a major wave of migration.
Syria isn't Saudi Arabia, which has a huge population of educated, unemployed young people who are used to the good life and don't revolt only because they're being paid off.
No more payoffs means no more placidity, which means more radicalism.
A lot of central European countries have unilaterally closed their borders and fenced them off, any significant increase in migration will result in political changes that endorse not just closed borders, but the use of deadly force to keep people out, forced repatriation and so on.
But think of the children!!!!
Anyway, as long as it shuts them up about us being fascist pigs for trying to keep out illegal Mexicans, bully on them for trying to deal with their own illegal immigration problem.
If only I were motivated to.