Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The $70,000 minimum wage is paying off for that Seattle company
Market Watch ^ | 25 October 2015 | Silvia Ascarelli

Posted on 10/25/2015 8:16:57 PM PDT by napscoordinator

click here to read article


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-117 next last
To: bert; Jim Noble
>>>>go back under your rock

Kind of took that one personal, it was a general comment and you choked on it.

A lot of "Free Traders" are really gloBULList fascists....That is just my opinion. Some others agree with me

The divide is not “liberals vs conservatives”. It’s globalists vs. Americans.

If we elect an American president for the first time since 1984, we can work out all the other stuff among ourselves. If we elect a globalist, there won’t be enough left of “us” to work out anything.

And all you “global economy” people here - you are no better than the Clintons. Shame on you all.

—Jim Noble

81 posted on 10/26/2015 5:48:01 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 78 | View Replies]

To: rlmorel
You present good points. I would add the following.

1) It works as long as the cash flow continues. Would appear the cash flow is from liquidation, not more sales revenue? But since a private company that info is not available?

2) This IS how our govt works, too many people overpaid. But see observation #1.

3) There are short term rewards and long term rewards. They both have different effects.

4) I would guess there is a tight job market, that affects this situation right now. How many good people are looking for a new situation but can't find one.

5) There appears to be a family situation. Like many liberals he is focused on what his brother has gotten. When it starts affecting the bosses lifestyle, this situation will change. Socialism always moves into a two class society. Find me a time in history when this did not happen.

6) This reminds me of all the collective societies/farms I remember as a kid, don't think any of them survived.

7) Note that the head cheese has NOT given up power, what does that tell you?

82 posted on 10/26/2015 6:03:57 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 75 | View Replies]

To: PeterPrinciple

I would add,

8) how much work has been contracted out at a much lower rate?


83 posted on 10/26/2015 6:05:12 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 82 | View Replies]

To: ShadowAce
Thanks for the defense.

I'm not exactly sure how I hit a nerve, but I've decided to exit the conversation.

84 posted on 10/26/2015 6:27:48 AM PDT by TontoKowalski (Satisfied Customer #291)
[ Post Reply | Private Reply | To 68 | View Replies]

To: PeterPrinciple

What you said is true, especially about the “two class” society.

There are two great fallacies that dog mankind, even in the face of evidence to the contrary, both of which have to keep being “reinforced” when human memory fails to retain it:

1.) “Ye will be as Gods”

2.) “Socialism works, it just hasn’t been done ‘right’ yet.”

The first one speaks for itself, the second one...well, there is a lot of misery, hate, war and death that is cycled over, and over, and over again, and then people understand for a short period of time that it doesn’t work, memory fades, and the cycle starts all over again.


85 posted on 10/26/2015 6:28:24 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 82 | View Replies]

To: napscoordinator

I got no problem with this.


86 posted on 10/26/2015 6:29:33 AM PDT by Lazamataz (Ok. We won't call them 'Anchor Babies'. From now on, we shall call them 'Fetal Grappling Hooks'.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: central_va

Because “Free Trade” as practiced on many scales is wrong, that doesn’t make socialism right.


87 posted on 10/26/2015 6:31:17 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 77 | View Replies]

Comment #88 Removed by Moderator

To: dp0622

No, the engineers who were already making 70k did NOT get raises, to my understanding.

But, it is the private sector. They are free to do this. However, I know that I would not want to deal with this company, as the owner does not understand relative value.


89 posted on 10/26/2015 6:33:28 AM PDT by MortMan (The rule of law is now the law of rulings - Judicial, IRS, EPA...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: DesertRhino

I recall that debate, and it wasn’t knee-jerk wishing it would fail. It was fatalistic recognizing that the pay structure destroyed the incentive to try and work harder.

It is a microcosm of socialism - bringing extra value has no effect on one’s recompense.


90 posted on 10/26/2015 6:36:28 AM PDT by MortMan (The rule of law is now the law of rulings - Judicial, IRS, EPA...)
[ Post Reply | Private Reply | To 13 | View Replies]

To: rlmorel
Because “Free Trade” as practiced on many scales is wrong, that doesn’t make socialism right.

This is a private company paying wages it wants to pay. Where is the socialism?

91 posted on 10/26/2015 6:37:42 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 87 | View Replies]

To: rlmorel

and the cycle starts all over again.


The American Revolution was very unique. It was a revolution FOR something guided by principle and morals.

The French Revolution was against something. The carnage went on for a long time.

I think it will be the French version for us this time around.................


92 posted on 10/26/2015 6:42:38 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 85 | View Replies]

To: central_va

See my reply at #75.


93 posted on 10/26/2015 6:51:29 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 91 | View Replies]

To: rlmorel
Here's How To Fix The Economy(Henry Ford example)

So was Henry Ford a socialist?

94 posted on 10/26/2015 6:58:39 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 75 | View Replies]

To: AlmaKing
Thank you for the explanation. This article is at odds with articles that I saw months ago.

I do not care how they run their business, but apparently he is using much of his own money, and then some of his business partners, which is allegedly breaking legal agreements.

95 posted on 10/26/2015 7:20:34 AM PDT by KC_Conspirator
[ Post Reply | Private Reply | To 31 | View Replies]

To: central_va

Did Henry Ford pay his assembly line workers the same wage as his designers and top managers?


96 posted on 10/26/2015 8:43:14 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 94 | View Replies]

To: central_va
From the linked article (From Business Insider, which made me accurately predict the content of the article in advance of reading it):

The richest Americans and companies already have plenty of cash

The reason these rich Americans and companies aren't investing and "creating jobs" is that most American consumers (customers) are broke

Rich Americans actually don't "create jobs"--the whole economy creates jobs We've been trying the "tax cuts for the rich" approach for three decades, and it is making the inequality problem worse, not better

The problem with the economy is not inequality of income. The problem with the economy is the government encrustation of over-regulation and taxation on the hull of the ship of commerce.

97 posted on 10/26/2015 8:52:29 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 94 | View Replies]

To: KC_Conspirator

People who advocate this approach, as even (bafflingly) some on FR do, are unadulteratedly foolish at best, and at worst, are dedicated socialists or communists.

The foolish people (who in many cases would fit the classical definition of ‘useful idiots’) don’t seem to be able to think far enough ahead to ask the question “What happens to this company when money stops being pumped into it articifically?” (whether pumped in artificially by an irresponsible owner, or by a government run program)

The people found at the other end of that spectrum, know full well what they would like to see this lead to. As far as I am concerned, they are evil even if they DO believe in their heart that this would somehow work on a large scale.


98 posted on 10/26/2015 8:59:18 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 95 | View Replies]

To: rlmorel

I agree.


99 posted on 10/26/2015 9:03:15 AM PDT by KC_Conspirator
[ Post Reply | Private Reply | To 98 | View Replies]

To: KC_Conspirator

As I inferred in another post, there is a never-ending supply of people who believe in the perpetual motion machine of socialism.

When people go through the misery and bloodletting that it causes, they all understand. And that lasts for part of a generation, until people begin to believe it will work again.


100 posted on 10/26/2015 9:11:17 AM PDT by rlmorel ("National success by the Democratic Party equals irretrievable ruin." Ulysses S. Grant)
[ Post Reply | Private Reply | To 99 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-117 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson