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Blame Minimum Wage, Not Carl’s Jr. CEO, For Automated Restaurants
Investor's Business Daily ^ | 3/18/2016 | Editorial

Posted on 05/15/2016 8:59:32 PM PDT by Jim W N

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To: Jim 0216
Comrade Jim your support of free trade and income taxes are very helpful.

---A message from Marxists from all over the world.

61 posted on 05/16/2016 8:48:37 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Jim 0216

“By definition, your standard of living has just been lowered. “

That definition applies only to an idealized model used in the classroom. Ceteris paribus.

It ignores the real world costs of unemployment and welfare and crime and substance abuse that have followed in the wake of the mass transfer of manufacturing out of the country, the burden of which gets transferred to everyone else. People have grown tired of being fed libertarian dogma as they watch their towns being hollowed out.


62 posted on 05/16/2016 9:02:07 AM PDT by Pelham (Trump/Tsoukalos 2016 - vote the great hair ticket)
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To: Pelham

“The real world includes the other factors that make simplistic modeling fail.”

No. Valid principles remain valid. By your argument raising price does not lead to a decrease in the quantity demanded “in the real world” because other things are going on. Raising price does lead to a reduce quantity demanded, compared to compared what would be the case without the increase in price.


63 posted on 05/16/2016 9:06:15 AM PDT by ChessExpert (It's not compassion when you use government to give other people's money away.)
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To: bert

“the E Trogs (Economic Troglodytes) insist tariffs cause jobs and are demanded by the ghosts of the founders “

Hunh.

Who knew that Alexander Hamilton was writing an E-Trog manifesto in his Report on Manufactures, his third report and magnum opus?

Apparently your voracious study of American history omitted it.

http://www.gilderlehrman.org/history-by-era/early-republic/resources/hamilton%E2%80%99s-report-subject-manufactures-1791


64 posted on 05/16/2016 9:17:13 AM PDT by Pelham (Trump/Tsoukalos 2016 - vote the great hair ticket)
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To: Jim 0216

Please tell that to the hoards of protectionists here on FR. Boy do we need some remedial economic refresher courses around here.

________________________________________________________

I am a free trader BUT!

Free trade is not free if a country subsidizes it’s exporters or it’s manufacturers by paying any of the cost of manufacturing, when they do that they artificially lower the price of the goods sold. By making the goods cheap the companies in the US who have high wage cost and high taxation are forced out of the business of competing with foreign countries.

Tariffs should only be applied to countries that subsidize their exporters and then the tariff should equal the subsidy.

While protectionism is bad if it gives an unfair advantage to our businesses it is not bad if it protects them from unfair advantage overseas.

My understanding is that Mr. Trump, who by the way has a degree in economics from the best business school in this country understands this well and will apply “protections” only under the above conditions. I was an economics major from a much less well know school but I completely support the idea of targeted protectionism to protect us from unfair foreign state sponsored businesses.


65 posted on 05/16/2016 9:18:25 AM PDT by JAKraig (my religion is at least as good as yours)
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To: dragnet2; Jim Robinson
You're on a site called "Free Republic" which is supposed to be a site about life, liberty, and free pursuits, and you think businesses like Carl's Jr.'s are America's economic problem? Yours and others' posts on this thread belong on MoveOn.org.

Jim, FR seriously needs to offer remedial courses in basic economics and how economic freedom actually works.

Start with:

1) the free market economy (economic freedom) works by the supply-and-demand laws of economics, is driven by God-given self-interest, run by VOLUNTARY cooperation between buyers and sellers, and creates wealth and prosperity.

2) the $4 trillion central government (socialism) works against the supply-and-demand laws of economics, is driven by greedy politicians, doesn't produce anything, forcibly takes your money, and creates poverty.

66 posted on 05/16/2016 9:19:25 AM PDT by Jim W N
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To: Jim 0216
1) the free market economy (economic freedom) works by the supply-and-demand laws of economics, is driven by God-given self-interest, run by VOLUNTARY cooperation between buyers and sellers, and creates wealth and prosperity.

That works great when buyer and seller belongs to the same culture and value system. Globalization now puts you at the mercy of those who do not share our values.

67 posted on 05/16/2016 9:21:13 AM PDT by dfwgator
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To: Jim 0216
) the free market economy (economic freedom) works by the supply-and-demand laws of economics, is driven by God-given self-interest, run by VOLUNTARY cooperation between buyers and sellers, and creates wealth and prosperity.

The founding fathers, especially Hamilton, would laugh in your face has you said that to him.

68 posted on 05/16/2016 9:24:58 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: ChessExpert

Look up ‘elasticity of demand’ or Giffen goods. There’s a reason that supply and demand graphing warns that perfect competition is an assumption.


69 posted on 05/16/2016 9:25:53 AM PDT by Pelham (Trump/Tsoukalos 2016 - vote the great hair ticket)
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To: Laser_Ray

Yep, all these companies will saving billions in labor will be passing on significant saving to the customers. Look for .89 cent double cheese burgers and .50 bags of fries! Price wars will begin and all McWhoppers will be trying to undercut each other.


70 posted on 05/16/2016 9:26:36 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Jim 0216

” Yours and others’ posts on this thread belong on MoveOn.org”

..says the ‘libertarian’ Commissar in charge of acceptable thought...


71 posted on 05/16/2016 9:27:37 AM PDT by Pelham (Trump/Tsoukalos 2016 - vote the great hair ticket)
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To: Bryanw92
The rules of economics need to be rewritten.

Karl Marx, the Fabian Socialists, and Keynes already did that, with disastrous results.

The laws of economics, like the laws of gravity, don't change. You need to LEARN what those laws are. Start with Adam Smith's "Wealth of Nations" and/or Milton Friedman's "Free to Choose."

- the free market economy (economic freedom) works by the supply-and-demand laws of economics, is driven by God-given self-interest, run by VOLUNTARY cooperation between buyers and sellers, and creates wealth and prosperity.

- the $4 trillion central government (socialism) works against the supply-and-demand laws of economics, is driven by greedy politicians, doesn't produce anything, forcibly takes your money, and creates poverty.

72 posted on 05/16/2016 9:28:39 AM PDT by Jim W N
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To: Jim 0216
You are not teaching anyone anything. We get it. We reject it. Most sane people realize what you espouse is called Free Trade, a Marxist approved theory of economics, except our trading partners don't believe in it and never will. You are really an idiot Jim.

We believe in your definition of economic freedom INSIDE the USA between the 5o states and the American people.

Jim Robinson need to realize the Free Traitors™ are pushing a Marxist agenda on his esteemed website.

73 posted on 05/16/2016 9:30:05 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Magnatron

I know, let’s turn all the fast food places into the DMV - I’m sure that will fix it.


74 posted on 05/16/2016 9:30:47 AM PDT by Jim W N
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To: Jim 0216
had you said that to him

Fixed it.

75 posted on 05/16/2016 9:30:59 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: gunsequalfreedom

I’m talking about the $4 trillion mostly unconstitutional federal government and their hundreds of thousands of minions who PRODUCE NOTHING AND FORCEFULLY TAKE AND WASTE all of your money they possibly can and suck the economy dry.

THE $4 TRILLION FEDERAL GOVERNMENT - THAT is your problem, not Carl’s Jr’s or it’s CEO.

You, as many, even here on FR, have bought the Leftist lie hook, line, and sinker


76 posted on 05/16/2016 9:37:26 AM PDT by Jim W N
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To: Jim 0216

Tariffs are as American as apple pie and George Washington.


77 posted on 05/16/2016 9:38:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: CottonBall

Pelham’s “solution” has just lowered your standard of living. Problem solved? I don’t think so. More problems CREATED by layering more federal government on top of problems the federal government created in the first place.

Problem isn’t “solved” until the federal government is put back into its constitutional cage.


78 posted on 05/16/2016 9:40:56 AM PDT by Jim W N
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To: gunsequalfreedom; Jim 0216

>Define who you are talking about. I’m talking about the CEO of Carl’s Jr. who is paid millions of dollars a year.

Whom is kept in his position by the shareholders, no? THEY too agreed on the $$ paid. Are you saying the $$ isn’t his to do as he wishes? That his ideas/plans/etc. aren’t vetted by the share owners?

Jim was 100% on the mark...the problem is GOVT 1st and foremost. THEN worry about the tariffs/etc. (IMO, they should all be thrown out and re-done).


79 posted on 05/16/2016 9:43:31 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: central_va

Your lights on still on central_va, but nobody’s home. Talking to you is like talking to a recording.


80 posted on 05/16/2016 9:43:54 AM PDT by Jim W N
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