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In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 11:44 PM
Then you support putting people out of work because that is demonstrably all the minimum wage has ever accomplished. Hooray for "fairness". As coercion is contrary to Christianity, I would suspect that Jesus would oppose a minimum wage hike - or any minimum wage at all.
Still waiting FlakyDelusionalMumblingLunatic, name ONE source of jobs and increased compensation in the economy besides business returns (capitalism generated wealth). You can't. It doesn't exist.
Actually, it IS the ONLY place that creates jobs in the economy. You cannot name another source because NONE exists.
I can easily say it wirth a straight face because it is true. You actually need to LEARN TO READ instead of relying on the spin. The FACT is that the chief driver of inflation since the 1970s has been health care costs which are paid for with benefits. If you factor out health care costs, real wages would have increased substantially. But it is more accurate (as any economist will tell you) to consider total real compensation (which includes benefits) which, again, has steadily and substantially improved: http://mises.org/community/forums/t/15824.aspx The graph actuslly COMPLETELY DISPROVES your claim about benefits. Do try to keep up.
That some employers (a microscopic fraction of the economy as a whole) compete on K-Street is possible only because of government intervention. It has no bearing on the overwhelming majority of the labor market. That we have a tremendously impaired market as the result of government intervention is certainly true, but your pretense that this magically undermines the interaction of supply and demand in the real world is unmitigated ignorance. Claims that my pointing out your ignorance and inaccuarcies is similar to anything said by slaveholders is beneath contempt.
It didn't "escape my notice" because IT IS FACTUALLY WRONG. The standard of living for the middle class is substantially higher than it was in the 1950s and even the 1970s (figures easily checked from the US Census Bureau). In exchange for the choice to have dual incomes, the middle class has substantially more living space/quality housing, more disposable assets, more cars and a higher standard of living (even econignoramus Elizabeth Warren concedes this). And, in fact, many (though nowhere near a majority) DO choose to live with a single income and STILL maintain a living standard higher than that of the 50s or 70s. I don't NEED to make things up. I am fully versed with the easily verified data.
In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:55 PM
When anyone comes across an economic illiterate claiming that workers are at a disadvantage and that there is no free market for labor because employers have all the power, suggest that they read the research of economist William Boal before making such uneducated claims and making such fools of themselves. The best is perhaps “Monopsony in the Labor Market" (with Michael Ransom) published in the Journal of Economic Literature in March 1997. The liberal calim has been completely (and repeatedly) disproved by actual research.
In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:44 PM
Oh, c'mon!!! You can't blam Mitchell, Williams, me or anyone else for "conveniently ignoring" your COMPLETE DELUSIONS. It has NOTHING to do with "employer morality". Employers HAVE NO CHOICE. They MUST compete in the marketplace for labor which prevents the wage free-fall you suggest. The notion that employers have all the power and screw workers is completely divorced from reality and has been COMPLETELY DISPROVED. The concept (monopsony) does NOT exist in the marketplace (and has only been found in major league baseball during the reserve clause era).
In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:41 PM
I am not responsible for your non-existent research skills. There are countless studies available on the minimum wage (and its disastrous effects) that will not fit here but can easily be found with a Google search. If you can't find bls.gov, that's just further indication of your weakness. That most mommy's have chosen a higher standard of living than would allow them to stay home is demonstrably their choice. As for kids working, it has been well over a century since children were a significant part of the workforce (thanks to capitalism - see Census data) and those that do work today overwhelmingly do so for their own benefit - not to support the household.
In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:36 PM
BTW, no one except government has "abandoned" the Virtuous Circle of economic growth. The MARKET works as 1) businesses produce things consumers want, 2) consumers meet their needs with those products, 3) companies earn a profit, 4) companies invest in their business creating jobs and higher compensation, 5) economic output and efficiency increases so that more/better things can be produced; go back to (1). Employers still do this except government undermines profits, forces higher benefits (still compensation), regulates like crazy and undermines job creation.
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