Elizabeth Warren: Why Isn't The Minimum Wage Today $22/Hour?

Warren is touching on an important point here. There has been a historic breakdown in the share of income earned by labor vs. capital. The reason for this is the neo-feudal corporatism that has taken hold in this country by controlling the banks, media, and government.

I don't trust Warren but she shouldn't be slammed when she's doing something right. What indeed happened to the earning power of a man's labor, and why? This question leads to profound and uncomfortable truths about our monetary system and related government policies.
 
thoughtomator said:
Warren is touching on an important point here. There has been a historic breakdown in the share of income earned by labor vs. capital. The reason for this is the neo-feudal corporatism that has taken hold in this country by controlling the banks, media, and government.

I don't trust Warren but she shouldn't be slammed when she's doing something right. What indeed happened to the earning power of a man's labor, and why? This question leads to profound and uncomfortable truths about our monetary system and related government policies.
Click to expand...

By claiming that increasing minimum wage to keep up, she shows a lack of basic knowledge about economics. She may mean well, but she's barking up the wrong tree.
 
thoughtomator said:
Warren is touching on an important point here. There has been a historic breakdown in the share of income earned by labor vs. capital. The reason for this is the neo-feudal corporatism that has taken hold in this country by controlling the banks, media, and government.

I don't trust Warren but she shouldn't be slammed when she's doing something right. What indeed happened to the earning power of a man's labor, and why? This question leads to profound and uncomfortable truths about our monetary system and related government policies.
Click to expand...

The value of a man's labor has almost nothing to do with the cost of living. She thinks it should.
 
Deborah K said:
By claiming that increasing minimum wage to keep up, she shows a lack of basic knowledge about economics. She may mean well, but she's barking up the wrong tree.
Click to expand...


She knows liberal economics, which entails government control of all aspects of the economy. Regulate profit, regulate wages, regulate prices....and we can all be comfortable.
 
angelatc said:
The value of a man's labor has almost nothing to do with the cost of living. She thinks it should.
Click to expand...

And I would agree that it should. When the value of an average man's labor goes below the cost of living the nation becomes a slow-motion death camp - it breaks through the fundamental bottom line that makes it worth it for the average person to prefer civilization to barbarism.
 
CaptUSA said:
I think you're giving her WAAAAY too much credit. She has hostility towards anyone who isn't giving enough of their money to the government to redistribute. Her disdain for the bankers is not in the same vain as ours.
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I saw a video the other day, forget where, but it made the point that people become a bit too concerned about "special interests" outside of politics that affects that they don't realize one of the greater "special interests" is the actual people inside the government. Makes sense seeing as she made a whopping $165,000 government salary in 2011 as an advisor for Obombya (consumer protection agency) and $192,722 salary in part of 08', all of 09', and part of 10' for being lead of the congressional panel of the bank bailout. I love how these humanitarian/philanthropist types seemingly almost always live on cloud nine making absurd publicly subsidized salaries.
 
bolil said:
I think that Warren might become one of us, her hostility towards the banksters is a good sign.
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It's fake hostility that pleases the left. Maybe a bill or two will pass but nothing changes. Fed stays the same. Fiat monetary system stays the same. Banks still make big money. Smaller banks hindered by her new rules and regulations. Big banks happy and make even more. Yay, Warren's great... for Wall street.
 
thoughtomator said:
And I would agree that it should. When the value of an average man's labor goes below the cost of living the nation becomes a slow-motion death camp - it breaks through the fundamental bottom line that makes it worth it for the average person to prefer civilization to barbarism.
Click to expand...

The cost of living is manipulated by the Fed and its funny money creation schemes.

She needs to attack that but never will. The Fed is eroding the purchasing power and so the wages are not keeping up. It does not matter if there is a min wage or not, the wages will never keep up with Ben Bernanke's printing press
 
itshappening said:
The cost of living is manipulated by the Fed and its funny money creation schemes.

She needs to attack that but never will. The Fed is eroding the purchasing power and so the wages are not keeping up. It does not matter if there is a min wage or not, the wages will never keep up with Ben Bernanke's printing press
Click to expand...

You may not be aware of this, but Warren put together one of the most conclusively damning analyses of the financial trends that have been beggaring the nation. And she did it back in 2007 when the elites were still pretending that there was no housing bubble.

 
itshappening said:
The cost of living is manipulated by the Fed and its funny money creation schemes.

She needs to attack that but never will. The Fed is eroding the purchasing power and so the wages are not keeping up. It does not matter if there is a min wage or not, the wages will never keep up with Ben Bernanke's printing press
Click to expand...

She could be unknowingly attacking it. See if the people realize that the same govt who claims to lift em up by creating the minimum wage is the same govt that inflated the currency to the point where the original minimum wage has more purchasing power than the current one. Maybe just maybe they might start seeing the fraud that is govt care for the poor.
 
thoughtomator said:
And I would agree that it should. When the value of an average man's labor goes below the cost of living the nation becomes a slow-motion death camp - it breaks through the fundamental bottom line that makes it worth it for the average person to prefer civilization to barbarism.
Click to expand...

And people call me crazy when I bemoan the liberal infiltration of the forums.
 
 
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