The Biden post-election market surge is the best for a new president in modern history

MennoSota

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Allows their employees to spend more which will boost the economy.

Remember Henry Ford?
Wanted his employees to be able to buy the car they were making. To bad that sentiment has been lost...
Do you see the massive error in your statement?
Henry Ford was a business owner who wanted to incentivize his workers to buy his product. He saw that to make money he needed to spend money. It worked for him.
What Henry never dealt with was the federal government forcing him to pay higher wages than the market demanded, thus forcing him to raise the price on his cars, which ultimately made his cars too expensive for people to buy, which ultimately caused him to go bankrupt.
You can thank the Democratic Party for the upcoming bankruptcy filings that will soon occur due to their socialist policies that destroy the free market.
Side note: Are you really this stupid regarding economics or is it just a moron bit you are playing?
 

Bad Gopher

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Allows their employees to spend more which will boost the economy.

Remember Henry Ford?
Wanted his employees to be able to buy the car they were making. To bad that sentiment has been lost...
This
 

Minnesota

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Don't go ruining the orgasm and post-inauguration euphoria for the lefties on the board so soon. They're going to wake up tomorrow morning and realize that their still living the same shitty life that they have been for the last 2, 6, 10 years as the lipstick and shine wear off the new administration. You have to give them at least today to enjoy, don't you? Tomorrow morning, the face of their victory and their hope for the future will be Big Joe. Isn't that punishment enough?

Spoof, you should be hoping for $15 min wage; we'll see record high unemployment, higher prices across the board at just about any business you can think of, and the 2022 and 2024 will be an absolute whitewash for the GOP. $15 min wage will crush millions of Americans. Nobody knows unintended consequences like the Dems.... but then again, is it really "unintended"? More often than not, it seems the goal of the Dems is actually to keep the downtrodden held down, in their place, and under their thumb and keep promising them they're the ones best suited to bring them back to the good life. Wash, rinse, repeat

You sound really upset. If anyone here has a “shitty life”, I’m guessing it’s you. Projection is a bitch, and so are you.
 

Spoofin

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You would think that if it was a Capital T Terrible idea, the effects would be more clear in Seattle, which raised its minimum in 2014.

MtPYkfv.png


"Conflicting reports" isn't really making your case JTF. Funny, nothing in here talks about the impact on prices - especially in the cases where they state "no job losses".

Companies have 3 choices.....
1. Raise Prices
2. Reduce Labor Hours
3. Take the hit on profit

If you owned a business, which would you choose? Terrible idea, with a capital T.
 

justthefacts

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"Conflicting reports" isn't really making your case JTF. Funny, nothing in here talks about the impact on prices - especially in the cases where they state "no job losses".

Companies have 3 choices.....
1. Raise Prices
2. Reduce Labor Hours
3. Take the hit on profit

If you owned a business, which would you choose? Terrible idea, with a capital T.
Again, if it's a Terrible idea, why aren't the negative effects conclusive and obvious?

4) Believe in the demand-side stimulative effects
 

MplsGopher

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Companies have 3 choices.....
1. Raise Prices
2. Reduce Labor Hours
3. Take the hit on profit

If you owned a business, which would you choose?
4) reduce other bigger salaries so that total payroll remains the same
5) increase total revenue to offset the increased costs
 

MplsGopher

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Remember when that jackass poster (now banned) said he was cashing out of the stock market to avoid the guaranteed crash with Biden, and moving to Portugal??

Wonder how that has worked out for him ... Meanwhile:

XHggqOR.png
 

Spoofin

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Again, if it's a Terrible idea, why aren't the negative effects conclusive and obvious?

4) Believe in the demand-side stimulative effects
Waiting over two months on this reply and you come up with “why isn’t it obvious”? It is to some of us.
 

justthefacts

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Waiting over two months on this reply and you come up with “why isn’t it obvious”? It is to some of us.
I hadn't noticed the thread. Apologies for note scouring every thread for a response to me. I'll endeavor to do better going forward.

If it's obvious, where is it obvious? Show me an economy that was damaged by a minimum wage hike. Remember it's not just terrible, it's Terrible.
 

Spoofin

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Y
I hadn't noticed the thread. Apologies for note scouring every thread for a response to me. I'll endeavor to do better going forward.

If it's obvious, where is it obvious? Show me an economy that was damaged by a minimum wage hike. Remember it's not just terrible, it's Terrible.
Example? Sure...

UW study finds Seattle’s minimum wage is costing jobs​


Research Study:

Those corporations will just take less money - they don’t need it anyway.
 

justthefacts

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Example? Sure...

UW study finds Seattle’s minimum wage is costing jobs​


Research Study:

Those corporations will just take less money - they don’t need it anyway.
The study you're referencing was already discussed in a post that you quoted on this page.


The 2nd study focuses only on the effects of minimum wage on jobs that are automatable, while also acknowledging that automation is driving job loss in general and that studies have shown mixed effects overall.

Again, if it's such a Terrible idea, the negative effects should be unequivocal, right?
 

Wally

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Do you see the massive error in your statement?
Henry Ford was a business owner who wanted to incentivize his workers to buy his product. He saw that to make money he needed to spend money. It worked for him.
What Henry never dealt with was the federal government forcing him to pay higher wages than the market demanded, thus forcing him to raise the price on his cars, which ultimately made his cars too expensive for people to buy, which ultimately caused him to go bankrupt.
You can thank the Democratic Party for the upcoming bankruptcy filings that will soon occur due to their socialist policies that destroy the free market.
Side note: Are you really this stupid regarding economics or is it just a moron bit you are playing?

You would rather have full time workers on welfare. Typical republicunt subsidizing big business.
 

MennoSota

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You would rather have full time workers on welfare. Typical republicunt subsidizing big business.
You really are a moron. You didn't even comprehend what I wrote. Instead, you jump to a false assumption not supported in any economic position.
 

Spoofin

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The study you're referencing was already discussed in a post that you quoted on this page.


The 2nd study focuses only on the effects of minimum wage on jobs that are automatable, while also acknowledging that automation is driving job loss in general and that studies have shown mixed effects overall.

Again, if it's such a Terrible idea, the negative effects should be unequivocal, right?
Oh, I see - you don’t count examples that were already discussed in the thread or that focus on a specific industry. To the core.
 

Spoofin

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You really are a moron. You didn't even comprehend what I wrote. Instead, you jump to a false assumption not supported in any economic position.
First time interacting with Wally?
 

Wally

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First time interacting with Wally?

Don't have time, had to keep it short and sweet.
😎😎😎😎
Some of us actually work...

Luv u to Spoof
 
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Wally

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"Conflicting reports" isn't really making your case JTF. Funny, nothing in here talks about the impact on prices - especially in the cases where they state "no job losses".

Companies have 3 choices.....
1. Raise Prices
2. Reduce Labor Hours
3. Take the hit on profit

If you owned a business, which would you choose? Terrible idea, with a capital T.

Obviously if your a cheapskate antisocial engineer none of these is acceptable.

How did I score?
3/3?
 

Plausible Deniability

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"Conflicting reports" isn't really making your case JTF. Funny, nothing in here talks about the impact on prices - especially in the cases where they state "no job losses".

Companies have 3 choices.....
1. Raise Prices
2. Reduce Labor Hours
3. Take the hit on profit

If you owned a business, which would you choose? Terrible idea, with a capital T.
The answer will never, ever, EVER be #3.

Let's see.... if you're in an industry that typically has a profit margin of only 1-3%, and you are suddenly going to increase your labor OH by 30-40%, what on God's green earth do jtf and the other takers think is going to happen?

Comparing previous hikes in minimum wage is about the most pointless exercise one can undertake. Previous hikes were in terms of nickels and dimes, sometimes even quarters; this is DOLLARS its going up for many businesses. WTF
 

Spoofin

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Obviously if your a cheapskate antisocial engineer none of these is acceptable.

How did I score?
3/3?
Close - I have an engineering degree, but haven’t been an engineer for years. I’ll give you a 2.5. I also prefer independent and frugal.
 

MplsGopher

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or that focus on a specific industry.
He said "economy that was damaged". And you dodge it like a coward, as always.

You've never taken an honest challenge head on, the entire time I've posted here. You always try to pick off a minor, tangential point and pretend like it's a meaningful win. Every time.
 

cncmin

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He said "economy that was damaged". And you dodge it like a coward, as always.

You've never taken an honest challenge head on, the entire time I've posted here. You always try to pick off a minor, tangential point and pretend like it's a meaningful win. Every time.
This. Great post. And it's not just him, it's almost the whole lot of them. They have little facts and logic to back up their insanity, so they resort to childish tactics and proclaim some kind of weird victory.
 
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