Is he wrong?

Is he wrong?

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aei.org/publication/every-month-walmart-gets-one-profit-day-from-its-sales-while-apple-gets-7-5/
jwj.org/walmart-pays-less-in-taxes-by-paying-executives-more
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Yes he is wrong. Inflation. Sage

yes he is wrong. They would have to be subsidized even more because of the people that will be fired.

he's a socialist(never worked a day in his life)
so yes,he's wrong

Why is he right?

He is not wrong

He's a subversive kike. Of course he's wrong and/or lying.

Jew Math strikes again.
Jew math ALWAYS ends up w/ you owing more.

Inflation from raising minimum wage does not happen empirically,

Inb4 prove it, no you prove it since you made the initial claim.

Ur economy is so f'd

...

Oh I'm not American, thank god

Yes. He didn't name the Rothschild family

I've been on some online dating sites lately (OkCupid, which is a leftist cesspit), and I keep seeing "late capitalism" come up. Almost everyone on there is a socialist of some sort. Do you believe that we're in late capitalism? Is socialism inevitable? I really hope not. It seems like a bit of an echo chamber, so maybe I'm not getting a very good sampling.

People are paid more so more money is printed and corporations increase the price of goods to adjust it's not rocket science

Starting wage at Wal Mart is about $10 an hour and employees get several raises in their first few years. Odds are the person bagging your groceries makes between $13-$15 an hour.

>raise minimum wage to some ridiculous amount like $15
>shitload of walmart employees get laid off and replaced with self-checkout stuff and robots
Congratulations, you just played yourself.

>for taxpayers who would not have to subsidize Walmart employees

Uhh... we don't have to subsidize them. All we have to do is to turn off the welfare faucet. It's very simple.

Economic theory doesn't apply to the real world all the time, you can do a simple check by checking the times that minimum wage was increased by congress in the past and the inflation that period, it stays constant most of the time.

Pay your employees their market value based on supply and demand, use loopholes to have less of your money stolen, offer goods and services that people voluntarily choose to but because they want them. How devilish

Or we could just eliminate all subsidies and let the market correct itself.....

Instead we'd just have to subsidize the thousands of workers that would be laid off

>double the minimum wage
>Not realizing cost of living adjusts with minimum wage
>Not realizing your $800 rent will just become $1600

It's almost like the people that think printing more money will fix the national debt.

The idea that capitalism is at a breaking point really, though its been used since around WW2

Your not counting the increase in profits that will come from people having more money to spend, tbqh any money given to the poor (in tax breaks, wage increases or any other form) is a much bigger boost to the economy than money given to the rich, the poorer you are the higher your marginal propensity to consume.

People misuse the term inflation in this context. Raising minimum wage doesn't increase the money supply. And in general, prices don't increase either. If minimum wage is raised higher than the equilibrium wage, it's usually labor that gets cut.

I thought it was used to describe a service based or post manufacturing capitalist economy

Its funny how Sup Forums praises economics when it fits their agenda but point out that 99% of economists are in favor of free migration and they start shittalking.

Seriously, the amount of doublethink in this board is fucking hilarious.

That's just a short term boost. It doesn't last in the long run.

More like
>Wal-Mart can afford the hike while small businesses cant
>Wal-Mart and big boxes get more business

>Implying the US has to be a welfare state.
the commie purge is long overdue

I think you are right in the historical sense. Now days people use it in the other sense, or as a sort of catch all for problems in capitalism

>implying people should be able to feed a family by standing at a cash register

I had a few friends in HS who worked at Walmart. One worked up to the pharmacy asap for the crediential assistance and pay raise, other became a shift manager. There are literally 20-year career retards who will be content never being promoted past the cash register.

Wage slaves are slaves at heart. No amount of redistribution of wealth will fix their incompetence to care for themselves, infact it will exacerbate it.

>less people will be working, but the people who are still working will have more to spend.
WOW, that sounds absolutely wonderful!

To be quite honest, I don't care much for the pragmatic side of the debate, even though it supports my position. I'm a libertarian; I think that the minimum wage is a violation of property rights.

Because there's more to life than jew dollars schlomo. Yes, more immigrants will probably lead to a higher GDP and consumption. It doesn't mean I want to live in a sharia shithole.

>muh GDP
You're a fuckin nigger.

>appeal to authority figures

kys

Immigration from 3rd world destroys their country of origin and reaps rewards for top 1%
There already is existing insane unemployment rate in the west when compared to annual immigration

Corporations have been consolidating power even more because of globalization and emerging technologies. I guarantee you those so called socialists use goods and services provided by corporations every day, including OKCupid being the immediate example

Amazon is a prime example of the ever-expanding megacorp.

This post stinks of something, can't quite put my finger on it

It's funny how Sup Forums praises free migration and then when Sup Forums does that, Sup Forums criticizes free migration.

Sup Forums is a stupid fucking guy for real.

Fire who? They already employ the bare minimum people to keep the stores running. Every fucking time I have the misfortune of shopping at a Walmart, there's like two checkout lanes open out of 20 and no floor associates to be found.

Lol 15 dollars an hour and walmart only has self checkout and shelved stocked with a system of tubes

Thanks for assuming my political opinions without actually knowing anything about me.

The American taxpayers won't have to subsidize shit when a $15 minimum wage results in robot employees that pay for themselves in a year and don't require the employer to pay taxes, healthcare, and other expenses associated with a human.

Yeah he's wrong. You don't get welfare if you work. Even at WalMart.

>what is GDP per capita

Kill yourself retard

>These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger. Who's the banana republic now?
>US Senator Bernie Sanders, 2011

How exactly do you reason that? Poor people are always going to spend more money as soon as they get it.

Are you dumb or just trolling?
>Minimum wage goes up
>Cost of labor goes up
>revenue increases
>Increase in cost of labor offset by the revenue increase = nobody has to get fired.

Walmart at least pays its taxes unlike Amazon.
Still won't shop at that warehouse of welfare

Then if we look back through history at all of the minimum wage increases we would see what you're talking about, right?
...right?
No.

People are paid more money so their bosses make less money. There isn't suddenly more total money, it is just more evenly distributed.

Idk why every time you point out that wealth distribution is more lopsided today than ever before and that it has serious consequences to economic stability and public welfare that they plug up their ears and hum.

Rich people do not buy a proportional amount of consumer goods the richer they get. They buy particular luxury goods which do not contribute nearly as much to the greater economy. They simply make other already rich individuals even richer. Buying $1000 of shit from a bunch of different stores creates a lot more labor circulation than buying a single bottle of $1000 wine from a single person, and eventually having so many more millions or billions of dollars than you need drops off general spending entirely, and that money goes straight into a bank (inb4 someone implies banks invest all that money into the general consumer economy)

Meanwhile the bottom half of the economic bracket throw nearly 100% of their earnings right back into the consumer markets almost immediately.

>Is he wrong?
Yes, he's wrong. He doesn't understand even the most basic principles of economics. If you raise minimum wage, most of the employees will be out of work and cost of living will rise in proportion to the total business expenditure increase.

>its a commie thread

> If people don't want to better themselves, then it's your duty to fund their lifestyle demands

How is our economy fucked? Our economy is the worlds strongest retard.

At some point, 56% of Americans will be in the 1%.

Just destroy the welfare system.

Also, it's funny that Bernie's talking, considering that his tax rate is 13%.

$15 an hr is still a low wage, he wouldnt know he is a Senator.
If this wouldnt cause inflation , they would have made minimum wage $100 years ago.

>Minimum wage goes up
>Cost of labor goes up
>revenue increases
>Increase in cost of labor offset by the revenue increase = nobody has to get fired.
No, the employees will always use less money than what they are paid, so the company will be losing money.

>Do you believe that we're in late capitalism
Yes.
>Is socialism inevitable
In the long run, yes.
>It seems like a bit of an echo chamber
Yes. If you want conservative partners, go to the "normal" dating sites.

Raising minimum wage does not result in crazy inflation, maybe you should stop spouting shit you heard on Sup Forums and actually go take an econ course because they teach you to actually look at empirical data instead of just spouting retarded shit that makes you look stupid as fuck.

Because raising minimum wage doesn't actually raise real wages. Real wages are set by the market. Raising the minimum wage will temporarily give you a consumption boost, but the market will then adjust back to whatever the new equilibrium is.

>Our economy is the worlds strongest retard.
Yours is, but mine isn't. That's your fault. You made the rules to favor yourselves and your little dramas, liberals.

You can't create robots to make sure niggers don't steal shit. You can't create robots to re-stock the shelves after niggers throw all the shit off the floor. You can't create robots to give niggers refunds for stuff they purchased and wore for one day and want to return.

Revenue doesn't matter when your profit margins are zero due to rises in labor cost.

>No, the employees will always use less money than what they are paid, so the company will be losing money.

Sorry bro but thats just straight up false.

That's not at all true. Walmarts generally don't treat theor employees well

So basically a similar argument that IP holders use to calculate "lost" revenues from piracy.

It's assuming Wal-Mart is just going to take the hit from higher wages and nobody gets replaced by auto checkout and online shopping.

Meant for this dumbass

Walmart earned a 3% profit margin, if the minimum wage was increased to five dollars it would drive the company to a halt

here ill just post the article im talking about and you're free to refute it

aei.org/publication/every-month-walmart-gets-one-profit-day-from-its-sales-while-apple-gets-7-5/

theres also the argument that the wage gap was originally meant to hold down blacks, as unemployment has lowered since the initiation of a minimum wage, and theres also the fact that the majority of people on minimum wage are under the age of thirty and do not have a family...

facism is next up.

I didn't day anything about your economy?

>Real wages are set by the market
>t.slave to the market
Humans are supposed to control the market, not the other way around.

>It's assuming Wal-Mart is just going to take the hit from higher wages and nobody gets replaced by auto checkout and online shopping.
Like Ford, they're essentially paying their own customers to shop there. That's how economies work, in case you hadn't noticed.

>facism
That's what the bourgeoisie usually does to stave off socialism, yes. The wild card is whether socialists are going to take it sitting down or not this time around.

Real wages= wages adjusted for inflation, if minimum wage goes up and inflation doesn't go up then real wages increase.

Just the bare necessities of modern life

Even the least among us should have those

Auto checkout is being rolled back. Too many ppl (negroids) stealing.

This is part of arsenal of tricks that TPTB have.

Bernie is right in this specific quote. Other times he is wrong.

So now you have all republicans opposed to everything Bernie says, including this very correct quote.

So who will admit they agree with this quote? Bernie supporters which has become a group of outcasted people.

The growing surgency of ideas expressed in this quote have been quelled.

Now we either disagree with this idea because Bernie said it and Trump did not, or we are outcasts and no one cares.

Think about it, you think the Walton's deserve all that fucking money while walmart employees deserver next to nothing?

>muh negros
Always blame others for your bad ideas that put people out of work, huh NEET?

He is not wrong, but minimum wage has to increase naturally, forcing the wage up will only allow companies to increase the cost of living.
The only way pay will increase for shitty jobs is if we don't have enough people to work them. Anything else and supercorps will just take advantage of the situation to protect profits and manipulate the market.

Why don't we just do away with government mandates, and all taxes for corporations?

This guy is such a dumb fuck.

>There are literally 20-year career retards who will be content never being promoted past the cash register.

When I worked at Walmart there were tons of people that were there 25 years or more that never went beyond low level associate. Most of which had no interest in taking a promotion because of all the extra shit that comes with it.

And a promotion isn't worth it, I took a supervisor position and soon after my team was better than we were when I started. That basically led to them constantly wanting us to do more, and every 2 weeks they would raise the bar. Then they would take people away from me and stool expect the same amount done if not more with less people.

Plus management is never on the same page, there was never a right way or wrong way to do anything. How things were done was more dependant on what managers were there that day.

If you work at Wal-Mart never take a promotion, there were times that jumping in front of a moving train sounded more appealing than going back to work.

>People will go into debt because they're wages were increased.
Are you retarded? Most people want to save money, if they're being paid $16 an hour, they're not going to spend more than that. If a wage is increased by $10, an employee might increase their spending at that place by 5-7 dollars.

Except I work for a grocery chain, and the company decided to get rid of them literally because of missing inventory.

did I actually put they're instead of their?
I'm retarded.

Funny how the Jew only calls out a rich white family. Why does he not call out the Jews who own similar companies and hold a much more disproportionate amount of wealth in the country?

The only good jew was Barry Goldwater.

The people working there can't get a better job so they are happy that they even have one

What loopholes are they using?

I agree with you that the foodstamp program is a scam and that it should be cut immedidiatly

Hopefully I'll be dead before that's decided.

Economics isn't everything, losing your culture identity is sucide. Also this studies you sight discuss illegal immigration but welfare illegal immigration. People like you are a cancer.

>thinking that people can control the market
This is why leftists are retarded.

Yeah they bumped everyone up three years ago. Between the $3 /hour of scheduled raises in your first few years, COLA adjustments, and shift differentials you can make decent money. They also have a 3% matching 401k, employee stock purchase plan, and a decent healthcare package including vision and dental.

Odds are in 10 years Wal Mart will not be considered an entry level job.

This! Some people don't want responsibilities.

>Profit margins are zero.

This is actually the first decent argument so far.

Anyways, labor costs are not even close to 50% of the cost of production for basically any firm except for a handful so while there may be an increase in costs it really depends on how big the increase in cost is vs the increased revenue, and empirically speaking we can see that firms do fine with increased labor costs.

I am also highly skeptical that profit margins are close to zero anywhere.

>What loopholes are they using?

jwj.org/walmart-pays-less-in-taxes-by-paying-executives-more

I do believe that something similar to socialism is inevitable but that it will not be anywhere near as good as these people imagine it to be. Yes I do think a UBI will happen but they're not going to give you a good life with it. I believe the goal is to eliminate the middle class all together and force everyone except the rich into the lower class.

You're spouting nonsense economics in this thread. If real wages go up, then unemployment must necessarily go down since the cost of labor goes up. Earlier you said:

>Increase in cost of labor offset by the revenue increase = nobody has to get fired.
This makes no sense. If the increase cost of labor is perfectly offset by the revenue increase then why not just raise minimum wage to $100 an hour? You surely don't think this will all just work out do you?

>Humans are supposed to control the market, not the other way around.
Fuck off commie. Planed economies fail every time.

Labor is usually the biggest cost for most firms.

Try explaining that to realators. They will always rip people off

Yes he is wrong. Also the whole Walton family are huge Democrat donors. Fuck that kike, he'd shit his depends if he had to be President.

This is exactly not how it works.

The people above minimum wage (less of the employed population) do not see scaling raises that match minimum wage.

Minimum wage goes up so previously people who were, in theory, frugal, can be spend more.

What actually happens is:
People who work at minimum wage are awful at managing money, so first of all raising minimum wage doesn't help them - they're stupid to begin with in almost all cases.

Then what happens is their income tax rises, because the government doesn't actually scale or change the tax brackets, so they pay more tax which obviously government loves.

Then prices for medium tier goods (TVs, phones, etc) start to inflate because companies figure out that they could increase their bottom line by charging an extra $20 bucks here or there.

An alternative to all of that is that if human labour becomes less cost effective than a machine, companies will automate or move shit to India.

>Cost of living keeps going up
>People want wage to remain the same

Help me understand your reasoning

>Are you retarded? Most people want to save money,

Do you understand what the marginal propensity to consume is? If not I suggest you look it up and read up on the differences between the MPC in the poor vs the rich.