Message from @RyeNorth

Discord ID: 417972731947122698


2018-02-27 09:10:12 UTC  

yeah

2018-02-27 09:10:24 UTC  

(the minimum wage there was around $13/h I think?

2018-02-27 09:10:36 UTC  

With a minimum amount of 4 hours worked in a shift?)

2018-02-27 09:10:54 UTC  

that would only be beneficial if you commute

Live in a place where 10/h would be livable minimum wage, and then work where its 19/h, so you save 9/h 😛

2018-02-27 09:11:04 UTC  

Well

2018-02-27 09:11:11 UTC  

conversely, the job market is a market too

2018-02-27 09:11:13 UTC  

yes

2018-02-27 09:11:40 UTC  

Anywhere within the metro area, the county minimum wage would generally be higher, at least in maryland.

2018-02-27 09:11:45 UTC  

yes

2018-02-27 09:11:47 UTC  

not quite as high as DC proper

2018-02-27 09:12:00 UTC  

but in order to compete with the DC job market, which would draw said commuters

2018-02-27 09:12:05 UTC  

they have to pay their employees more

2018-02-27 09:12:11 UTC  

i was just speculating what would be the only "true" benefit of having a high minimum wage in a certain area

2018-02-27 09:12:45 UTC  

Naah, you're kind of right.

2018-02-27 09:13:14 UTC  

plenty of people would actually live fairly deep into Northern Virginia, out of the reach of the metro system

2018-02-27 09:13:15 UTC  

well, commuting would generate transportation costs aswell

2018-02-27 09:13:21 UTC  

True.

2018-02-27 09:13:44 UTC  

But all these people arguing for across-the-board raises to $15/h

2018-02-27 09:13:49 UTC  

don't understand what they're asking for.

2018-02-27 09:14:04 UTC  

well they don't understand how money works

You can't just generate value out of thin air

2018-02-27 09:14:24 UTC  

Tell that to the Treasury Department

2018-02-27 09:14:57 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/417972867381067786/HTTPS9tZWRpYS5naXBoeS5jb20vbWVkaWEvY3A2WFNrUWN6OE9uUy9naXBoeS5naWYlog.png

2018-02-27 09:15:07 UTC  

Walmart can't just suddenly pay people more and still break even the same

They'll have to increase costs, meaning that in the end, to compensate for that 15/h

they'll have to charge so much that people don't get any extra spending power because that 15/h they earn now nets them the same purchasing power because prices got inflated

2018-02-27 09:15:24 UTC  

and by increase costs i mean prices on their wares

2018-02-27 09:15:38 UTC  

why gifs no work

2018-02-27 09:15:53 UTC  

gifs on discord work as an internet link i believe

2018-02-27 09:16:01 UTC  

personal gifs don't work i believe

2018-02-27 09:16:44 UTC  

like that

2018-02-27 09:18:37 UTC  

and yes, that sort of treasury department policies is why massive social programs don't work well, because you either have to generate money, inflating the currency and making everyone poor

or charge people masses in taxes

and since Bush/Obama era massively grew FEDERAL jobs, by which people pay taxes from jobs that are paid for with taxes, they'll get inflation

2018-02-27 09:19:06 UTC  

Mass taxation also makes people poorer.

2018-02-27 09:19:10 UTC  

yes

2018-02-27 09:19:23 UTC  

and I mean, I've actually run experiments before

2018-02-27 09:19:36 UTC  

if you follow the same $100 from transaction to transaction

2018-02-27 09:19:41 UTC  

but mass taxation doesn't necessarily cause inflation, because you don't print more money, that was my point in the above situation

2018-02-27 09:20:04 UTC  

it's reduced to pocket change by taxation after only a few exchanges.

2018-02-27 09:20:08 UTC  

yeah

2018-02-27 09:20:20 UTC  

but it also just sucks

2018-02-27 09:20:38 UTC  

You're talking about taxation as a money sink

2018-02-27 09:20:46 UTC  

here in the netherlands, i get taxed 52%

In america for the same amount of "earning" i'd get 22% taxes

2018-02-27 09:21:06 UTC  

well i'm talking taxation as a way to generate money for government programs