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re: Good take on the “nobody wants to work anymore” business owners
Posted on 8/21/21 at 11:41 am to Antonio Moss
Posted on 8/21/21 at 11:41 am to Antonio Moss
It is using the definition of a fair market value as put out by the US treasure and applying it to labor.
Feel free to respond in way that refutes the content of the post.
Feel free to respond in way that refutes the content of the post.
1
Posted on 8/21/21 at 11:41 am to TigerOnTheMountain
quote:
Normal people get 1 small fleeting victory
--------------------------------------------------------------------------------
You calling government giving out $400 a month a fleeting victory is very telling.
Yep, he's probably waiting for the gubmint to give him a raise to $15/hour via min wage hike.
Posted on 8/21/21 at 11:42 am to Sneaky__Sally
quote:
fair market value as put out by the US treasure
Posted on 8/21/21 at 11:44 am to RogerTheShrubber
quote:
“Fair market value” as defined by Treasury Regulation Sections 1.170A-1 (c) (2) and 20.2031-1 (b) is "the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts."
Still waiting on anyone to offer a rebuttal.
Just trying to help people understand how a fair market value for labor would actually be determined.
This post was edited on 8/21/21 at 11:47 am
Posted on 8/21/21 at 11:47 am to Sneaky__Sally
quote:
is "the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts."
The fair market has been intruded upon my government action and no longer functions as "free or fair"
Do you know who this helps?
Corporations
Do you know who this hurts?
Small business.
Democrats favor corporations.
Posted on 8/21/21 at 11:48 am to RogerTheShrubber
quote:
Yep, he's probably waiting for the gubmint to give him a raise to $15/hour via min wage hike.
The pathetic thing is plenty of places already pay this for entry level positions. The problem for him of course is they expect you to work.
Posted on 8/21/21 at 11:50 am to RogerTheShrubber
Well I am just talking about what a system which would determine a fair market value for labor would look like.
None of what you just posted is relevant to that thought process.
None of what you just posted is relevant to that thought process.
Posted on 8/21/21 at 11:51 am to Sneaky__Sally
quote:
Well I am just talking about what a system which would determine a fair market value for labor would look like.
This system would not have a min wage, nor govt interventionism, or it's not "free." Its manipulated.
We have nothing close to a free or fair market. Its all manipulated.
This post was edited on 8/21/21 at 11:54 am
Posted on 8/21/21 at 11:53 am to TigerOnTheMountain
quote:
The pathetic thing is plenty of places already pay this for entry level positions.
I don't think you can find a job locally under %$15. The min wage is $10. Been that way for a while.
Dudes probably a server or bartender making $2.19/hr plus tips.
Posted on 8/21/21 at 11:55 am to RogerTheShrubber
Ya, it would be structured without a minimum wage but where people's basic needs to live, water / food / shelter were adequately met (that is the inherent difficulty, determining what that threshold of basic needs would be) prior to them making any decisions on whether or not to sell their time / labor for a give price and a given task.
My only goal here was to point out to all those yelling about a air and open labor market, what type of system they that would be. My hunch is that they do not actually want such a system.
My only goal here was to point out to all those yelling about a air and open labor market, what type of system they that would be. My hunch is that they do not actually want such a system.
This post was edited on 8/21/21 at 11:56 am
Posted on 8/21/21 at 11:58 am to RogerTheShrubber
quote:
probably a server or bartender making $2.19/hr plus tips
That makes well over $15/ hr on good nights
Posted on 8/21/21 at 11:59 am to Sneaky__Sally
quote:
but where people's basic needs to live, water / food / shelter were adequately met prior to them making any decisions on whether or not to sell their time / labor for a give price and a given task.
The issue with this is the bottom tier of American people don't have an ethic or intelligence for work anymore. You'll end up with millions of able bodied people doing nothing but living off government subsistence. Its simple human behavior.
Posted on 8/21/21 at 12:00 pm to Sneaky__Sally
quote:
but where people's basic needs to live, water / food / shelter were adequately met
Why the frick do I have to make sure other people's needs are met through my labor?
frick you. I don't owe you a goddamn thing.
Posted on 8/21/21 at 12:01 pm to GreenRockTiger
quote:
That makes well over $15/ hr on good nights
Yep, I know a bartender who made 120k a year. But in Ak they still pay them the min wage of $10.34 as a base. I know that's not the case everywhere.
Posted on 8/21/21 at 12:02 pm to Jon Ham
Number one is absolutely true, especially with immigration.
The GOP establishment and their cheap labor donors absolutely loves to pretend that the laws of supply and demand don't exist when it comes to importing millions of 3rd world trash from south of the border and Asia and it has absolutely no effect on the labor market and the wages of American workers.
The GOP establishment and their cheap labor donors absolutely loves to pretend that the laws of supply and demand don't exist when it comes to importing millions of 3rd world trash from south of the border and Asia and it has absolutely no effect on the labor market and the wages of American workers.
Posted on 8/21/21 at 12:04 pm to Centinel
That is fine and no you don't owe me anything.
But that is what a system which would determine the "fair market value" of a given unit of labor. You certainly don't need to advocate or support such a system.
But that is what a system which would determine the "fair market value" of a given unit of labor. You certainly don't need to advocate or support such a system.
Posted on 8/21/21 at 12:04 pm to Sentrius
quote:
The GOP establishment and their cheap labor donors absolutely loves to pretend that the laws of supply and demand don't exist when it comes to importing millions of 3rd world trash from south of the border
A huge part of the "stagnant" wage issue at the bottom, for decades.
Illegal immigration puts downward pressure on wages without fail.
Posted on 8/21/21 at 12:06 pm to Sneaky__Sally
quote:
But that is what a system which would determine the "fair market value" of a given unit of labor.
You have zero understanding of what "market" means in this phrase.
I suggest you put down Yang's "teachings" and read Man, Economy, and State. by Rothbard.
This post was edited on 8/21/21 at 12:07 pm
Posted on 8/21/21 at 12:07 pm to Jon Ham
I stopped reading at free market
Posted on 8/21/21 at 12:08 pm to RogerTheShrubber
Even for highly educated people, the nation decided that US born highly educated students were demanding too much money for they time in research positions / universities and large levels of immigration for study / research in universities has really hurt the earnings potential for this portion of the nation.
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