Bernie Sanders at Hoffheinz at U of H Sunday Night !!

No idea how your argument doesn't apply to wealth, money supply, population; pretty much just about anything that grows with time.

 

I'm not a farmer paying people 2 bucks in hour to pick vegetables. I don't have a problem finding workers... I just come across a lot of low-skilled workers with minium to no work experience (play station and x box generation). There are people coming across the border who are skilled builders/carpenters, electricians, plumbers, and bricklayers.

I'm not arguing rather are not the minimum wage should be raised... I'm saying if they raise the minimum wage it will price many people out of the job market. Particularly young adults. And right now the unemployment rate amongst young people is the highest it's been in decades (50-60 years). They say the average age of fast food workers is 29 years old... Do you not find that concerning...?

 

Minimum wage, health care, college, none of that matters.

What matters with Bernie Sanders are two simple facts.

1. He hates free trade.
2. He wants Congress in direct control of the money supply and hates the Federal Reserve.

The rest of his policies don't matter. Anyone who proposes those two things is crazy, and that's all there is to it.

 

Is the second one really true? I've never heard that before, not that I'm a huge Bernie follower.

 

Bernie adheres to an economic theory called Modern Monetary Theory, which argues that deficits don't matter. At all. Not "during a recession, government stimulation of the economy is more important than going over budget" which is what the Keynesians say. It's deficits don't matter, period. The government can print as much money as it wants, without consequences. It's a crackpot theory which even Paul Krugman says is silly.

And remember Ron Paul's "Audit the Fed" crap and all those bills he proposed ( which everyone with sense knows is just a roundabout way of trying to destroy the Fed or make it Congress's lapdog)? Guess which Senator introduced those very bills to the Senate?

Sanders.

 

Link?

 

Seems like you were arguing against min wage before because you were worried you'd have to lay off some people or raise prices, but anyway there is no proof that min wage hurts jobs for the low skilled, most economists agree that it wouldn't or they are unsure that it would. We've raised the minimum wage before without it negatively effecting jobs. As for the avg age being 29, not everyone can afford to go to college and that's a real problem in America. I think that's an education issue. If you want to help those people you give them a living wage so that they can support their families and you create other policies where it's easier or cheaper to receive a college education or job training skills. A lot of Americans aren't going to school for the well paying jobs were we a have severe need, those positions are being filled by educated immigrants who have better programs in their countries and some of these high paying jobs are not being filled at all. I think education is our real problem. I think overall the benefits of raising the minimum outweigh the risks.

 

One of the reasons many colleges use to be free and or cheap in this country was because it wasn't a necessity. With minium wage (along with other things) brought the need for (or the excuse for) more licensing, certification, and degrees to get jobs which hurts certain people.

And as I stated before ---> look at the job market. Many good paying jobs have closed and or outsourced for cheaper labor and have been replaced with minium to low wage paying jobs (that weren't meant to support families on). Which is a reason you see more older people (even with college degrees) working low waged jobs. The job market and inflation is a bigger issue in my opinion than minimum wage. Because if minimum wage is raised to say 15 bucks an hour... The people who are making $15 an hour now will have to be raised and so on which could lead to higher prices and eventually put the minimum wage (and low wage) workers back in the same position they are in now.

And do you see that some unions are pushing for minimum wage but also want to be exempt from it. Do you have an opinion on why they are doing that...?

 

You could have a point there. But I assume many may have different opinions about #1 but should all be in agreement about #2.

 

To which part?

Here is the fact that Bernie's chief economic advisor is a MMT adherent.

Here is that great conservative thinker Paul Krugman talking about how MMT is wrong.

And here is the bill I'm talking about which Paul introduced to "audit the Fed" and which Sanders introduced.

 

If 'free trade' means having America's worker's compete with 3rd world labor and allowing multi-national corporations that depend on US subsidies, courts, laws and military to seek tax asylum in whatever country they can buy, then yes, he is against it.

So-called 'free trade' policies hurt US workers every time we pass them
http://www.theguardian.com/commenti...icies-hurt-us-workers-every-time-we-pass-them

He is certainly not proposing a managed economy.

 

Because unions negotiate for a far broader spectrum of benefits and would like the flexibility to compromise with lower wages.

 

Yes sir, exactly... And it's probably easier for some companies to negotiate benefits on the back end than to accommodate a wage increase on the front end. Both of which may make unions more attractive to companies and encourage more workers to join a unions which means more fees.

 

*shrugs*

If Sanders believes that, then perhaps he should actually take a good look at Sweden, the country which he and his supporters love to use as the example that socialism works. The country which is in the biggest free trade zone in the entire world and has extremely loose borders ( something which it should be noted that Sanders is NOT in favor of.)

Sanders's socialism is more like Argentinean socialism, the country which people once thought had massive economic potential until the Perons implemented a bunch of protectionist reforms. And well, we all know what Argentina looks like today.

 

It's American socialism, think Roosevelt, Teddy and Franklin D.

It just a majority of the people making laws that benefit the majority of the people. People working together to make a whole more than the sum.

Socialists to-day are in reality merely radical social reformers, with whom on many points good citizens can and ought to work in hearty general agreement, and whom in many practical matters of government good citizens well afford to follow.

–From Teddy Roosevelt’s Autobiography.

 

You mean the FDR who cut tariffs when he was in office, right? That FDR?

And yeah, you're pretty much saying what Peron was saying. Here's the thing about Argentina: Argentina was once supposed to be the next upcoming power in the way that the BRIC countries are today. It was attracting European immigrants, had natural resources, and a thriving economy. In fact, Argentina was actually wealthier than many of the poorer developed countries like Japan and Italy.

But they then implemented a series of policies of protectionist reforms and currency devaluations, and the result is the Argentina of today. The reality is that free trade works. Arguing that it's a bad thing really is about as ridiculous as not believing in climate change, right down to the fact that just as the overwhelming majority of climate scientists understand that climate change exists, the overwhelming majority of economists will tell you the same thing about free trade.

Sanders is not a Scandinavian socialist like his supporters like to pretend he is. In fact, Scandinavia actually isn't that socialist. Yes, they have high taxes and a strong welfare state. But they also have less strict business regulations than the United States, and are devoted to free trade and loose borders. Denmark, for example, is actually economically liberal than America.

Sanders is a Greek/Argentinean style socialist which has heavy restrictions on capitalism combined with a rampant printing of money to cover the costs of his programs. And if he is president, we will go the way of Argentina and Greece.

 

Stop looking at the dollar in terms of its nominal value.

 

Yeah, free trade is great for underdeveloped countries with no standard wages, few worker's rights, and lax environmental laws but it's terrible for the United States.

 

lulz, Bernie Sanders only pays his interns $12/hr

http://www.sanders.senate.gov/services/internships

 

So? The $15 minimum wage is only feasible if large sectors of buisness have to follow suit. Seems very simplistic to "lulz".