Obama the economic simpleton

[Truth Detector]

Companies typically raise their prices anyway or their margins would never increase and stocks would flatten out. A GM is looking for at least 18% a year, it all comes under the cost of living which is raised each year on average 2.8%; hence the 3% expected raise in your wages.

Wrong; competition limits how much any GM can raise his prices. Therefore they seek greater market share and product innovation through R&D to increase shareholder wealth and profit margins.

But you’re not very educated on economics and how real companies work; you’re much better at parroting the idiot talking points of the DNC.

The minimum wage has always been the cheapest labor that can be found legally in this country.

Is there some rocket science here? DUH!

When someone is making $8.00 an hour and has to fill their gas tank at $60, then that person only realized $4 for the day.

Is there some rocket science here? DUH!

So tell me something economic genius; who is forcing these individuals to work for low wages?

That is why so many people forced into the minimum wage are on welfare and food stamps etc.

Really genius? So who is forcing these individuals to work for so much less than they think they are worth?

The minimum wage is costing the government money that we ought not to be spending these days.

I challenge you to find any reasonably intelligent data that supports such a dimwitted claim.

The average kid; whom the minimum wage was originally designed for, has been pushed right out of the job market, yet the minimum wage part time employee is the new labor force: company loyalty has thus gone the way of the dinosaur as well.

It doesn’t occur to leftist economic geniuses like you as to the reasons why they are being pushed out of the job market, does it? Think “arbitrary set minimum wage laws.”

So, you’re wrong: the only real benefit for raising the minimum wage is to try and help people work up from poverty.

No, being wrong is something you like wallowing in. Raising the minimum wage has NEVER, EVER raised ANYONE out of poverty and I challenge you to find any reasonably intelligent data that would support that it does.

This bottom line mentality of the corporate is about to be forced underground.

This is an amazing claim from a leftist economic genius; you do realize that very few corporations or companies pay the going minimum wage rate right? Typically they are already paying ABOVE minimum wage rates to hold onto “qualified” people. Only a tiny percentage of workers in America actually earn the arbitrarily set Federal minimum wage.

Another inconvenient fact for leftist economic geniuses like you is the fact that 25 States have set their arbitrary minimum wage laws ABOVE the Federal rate.

Here's your last inconvenient fact; most who are earning the actual minimum wage are non-college teens entering the workforce for the first time and young single adults. Most of which do not have any real job skills.

People cannot afford to work for peanuts anymore: it’s bad for the economy.

Then they need to go out and wither obtain more valuable skills or get an education. No one is forcing anyone to work for less than they think they are worth.

When labor unions were at their peak and wages and benefits were up, we had a much stronger economy in this country and lower unemployment.

What does this have to do with the minimum wage laws? Oh that’s right; absolutely nothing.

So tell me leftist economic genius; if unions are so great and provide better wages for Americans, why are so many unions losing membership? When I worked for the machinists union, I felt like the union was holding me back and preventing me from earning more than I was at the time.

They way to improve the situation for young teens and blacks is to provide more jobs.

And how are you going to do that by forcing companies to spend more on labor when they are already struggling to survive in a weak economy?

For instance, in the state of Oregon, people are not allowed by law to pump their own gas: it’s a hazardous material. So, the answer? Full service gas stations again, that create 18,000 jobs a year in that state.

You think so? Do you have any intelligent data to support this claim?

So you think that forcing stations to hire more workers didn’t end up increasing the cost of gas for those people you claim already cannot afford it?

PORTLAND, Ore. - AAA reported Tuesday that 2012 was Oregon's most expensive year ever for gas prices -- just like 2011 was. But they also see hope 2013 will break the trend and bring lower prices.

http://www.ktvz.com/news/AAA-2012-O...ocrd/-/413192/18059140/-/maeh2bz/-/index.html

Oregon banned self serve in 1951; yet unemployment in Oregon is one of the highest in the nation. Why do you think that could be with this wonderful job creating law in place?

https://data.oregon.gov/dataset/Oregon-Historical-Unemployment/3mrj-9tx8

There are a myriad of ways that corp could serve the communities in which they operate instead of just taking everybody’s money.

Is that what Corporations do; take everybody’s money? Where do you come up with such stupidity?

I could have sworn that Corporations hire a LOT of people in their communities and provide services and products people demand. IN addition, they donate a lot of money to charities and provide community services within the communities they reside in.

Please provide some intelligent data that supports your claim that corporations are taking everybody’s money. I would really like to see that.

Yes, you are a leftist economic genius who has no peer when it comes to unadulterated bullshit and lies.

 

[jet57]

Wrong; competition limits how much any GM can raise his prices. Therefore they seek greater market share and product innovation through R&D to increase shareholder wealth and profit margins.

But you’re not very educated on economics and how real companies work; you’re much better at parroting the idiot talking points of the DNC.



Is there some rocket science here? DUH!



Is there some rocket science here? DUH!

So tell me something economic genius; who is forcing these individuals to work for low wages?



Really genius? So who is forcing these individuals to work for so much less than they think they are worth?



I challenge you to find any reasonably intelligent data that supports such a dimwitted claim.



It doesn’t occur to leftist economic geniuses like you as to the reasons why they are being pushed out of the job market, does it? Think “arbitrary set minimum wage laws.”



No, being wrong is something you like wallowing in. Raising the minimum wage has NEVER, EVER raised ANYONE out of poverty and I challenge you to find any reasonably intelligent data that would support that it does.



This is an amazing claim from a leftist economic genius; you do realize that very few corporations or companies pay the going minimum wage rate right? Typically they are already paying ABOVE minimum wage rates to hold onto “qualified” people. Only a tiny percentage of workers in America actually earn the arbitrarily set Federal minimum wage.

Another inconvenient fact for leftist economic geniuses like you is the fact that 25 States have set their arbitrary minimum wage laws ABOVE the Federal rate.

Here's your last inconvenient fact; most who are earning the actual minimum wage are non-college teens entering the workforce for the first time and young single adults. Most of which do not have any real job skills.



Then they need to go out and wither obtain more valuable skills or get an education. No one is forcing anyone to work for less than they think they are worth.



What does this have to do with the minimum wage laws? Oh that’s right; absolutely nothing.

So tell me leftist economic genius; if unions are so great and provide better wages for Americans, why are so many unions losing membership? When I worked for the machinists union, I felt like the union was holding me back and preventing me from earning more than I was at the time.



And how are you going to do that by forcing companies to spend more on labor when they are already struggling to survive in a weak economy?



You think so? Do you have any intelligent data to support this claim?

So you think that forcing stations to hire more workers didn’t end up increasing the cost of gas for those people you claim already cannot afford it?

PORTLAND, Ore. - AAA reported Tuesday that 2012 was Oregon's most expensive year ever for gas prices -- just like 2011 was. But they also see hope 2013 will break the trend and bring lower prices.

http://www.ktvz.com/news/AAA-2012-O...ocrd/-/413192/18059140/-/maeh2bz/-/index.html

Oregon banned self serve in 1951; yet unemployment in Oregon is one of the highest in the nation. Why do you think that could be with this wonderful job creating law in place?

https://data.oregon.gov/dataset/Oregon-Historical-Unemployment/3mrj-9tx8



Is that what Corporations do; take everybody’s money? Where do you come up with such stupidity?

I could have sworn that Corporations hire a LOT of people in their communities and provide services and products people demand. IN addition, they donate a lot of money to charities and provide community services within the communities they reside in.

Please provide some intelligent data that supports your claim that corporations are taking everybody’s money. I would really like to see that.

Yes, you are a leftist economic genius who has no peer when it comes to unadulterated bullshit and lies.

You’re wrong again:

http://www.businessinsider.com/3-po...ies-businesses-should-always-consider-2013-10

Gross Profit Margin Target

In almost all cases, pricing strategies should begin with a Gross Profit Margin Target (GPMT) strategy. Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy. Gross Profit Margin is defined by the formula (P-C)/P, where P=Price and C=Cost of Sales. Anybody can put this formula into a spreadsheet program, and as costs change, recalculate the price that will produce the targeted Gross Profit Margin. Most companies know the GPMT they want. If you don’t, there are some common guidelines you can follow.

• Manufacturers typically aim for a GPMT of 50%
• Distributors (Wholesalers) usually need a GPM of 10 to 15%
• Dealers (Retailers) require a GPM of 30 to 50% (the higher percentage is for retailers that have to train people to use the product and the lower margin is for retailers that are selling a product that does not require after-sale support).
The price, or marked-up cost, to achieve these target GPMs is as follows:

• Manufacturers P=2C so the formula is (2C-C)/2C = 0.5, yielding a GPM of 50%
• Distributors P=1.18C so the formula is (1.18C-C)/1.18, which will give them a 15% GPM
• Dealers P=1.5C so the formula is (1.5C-C)/1.5C, for a 33% GPM.

When I develop pricing strategies for a client that is a manufacturer, I always start with a GPMT pricing strategy that is twice their cost, or 2C, since that is an easy calculation that will give them their GPMT of 50%

Of course there’s nothing in there about labor costs; not even the minimum wage. Corporations that pay mostly minimum wage jobs are taking people’s money. Here’s the report:
http://nelp.3cdn.net/e555b2e361f8f734f4_sim6btdzo.pdf

The central finding of this report is that the majority of America’s lowest-paid workers are employed by large corporations, not small businesses, and that most of the largest low-wage employers have recovered from the recession and are in a strong financial position.

Specifically:

The majority (66 percent) of low-wage workers are not employed by small businesses, but rather by large corporations with over 100 employees;

The 50 largest employers of low-wage workers have largely recovered from the recession and most are in strong financial positions: 92 percent were profitable last year; 78 percent have been profitable for the last three years; 75 percent have higher revenues now than before the recession; 73 percent have higher cash holdings; and 63 percent have higher operating margins (a measure of profitability).

Top executive compensation averaged $9.4 million last year at these firms, and they have returned $174.8 billion to shareholders in dividends or share buybacks over the past five years.

So you’re quite wrong again.

Now, Oregon’s gas prices are some of the lowest in the country. Currently Oregon has a 7% unemployment rate that is not in the highest categories, and the job numbers came to me via the horse’s mouth at Oregon gas stations last year. Without those jobs, the unemployment rate in Oregon would be higher wouldn’t it.

So again, you’re wrong on all counts and you try to bullshit everybody with right-wing memes.