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View Diary: Warren politely SCHOOLS businessman at Senate hearing who tries to explain wage economics to her (219 comments)

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  •  Chains like Appelbees and Denny's aren't even (1+ / 0-)
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    Laconic Lib

    somewhat healthier.  They serve the same crap.  A cheestick is a cheestick.

    I really cannot fathom how a person starts thinking "It's ok to keep millions mired deeply in poverty, because it might narrow the gap in price point between several corporations selling profoundly unhealthy food".

    But, then, I've lived on minimum wage for several years of my life.

    income gains to the top 1% from 2009 to 2011 were 121% of all income increases. How did that happen? Incomes to the bottom 99% fell by 0.4%

    by JesseCW on Mon Mar 18, 2013 at 03:10:25 PM PDT

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    •  That's a fun game! (0+ / 0-)

      I'll try one.

      I really cannot fathom how a person starts thinking "It's ok to raise the minimum wage to $20 an hour and completely destroys our manufacturing base."

      But, then, I help people with disabilities get jobs and understand, to some degree, the perilous nature of manufacturing in the US.

      Hmmmm, completely distorting somebody else's position isn't nearly as satisfying as I would have imagined.  Perhaps you find it more satisfying than I do.

      It's all good, Jesse.  Be well.

      We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

      by theotherside on Mon Mar 18, 2013 at 03:31:56 PM PDT

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      •  You think we still have a manufacturing base? (1+ / 0-)
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        Laconic Lib

        Seriously?

        income gains to the top 1% from 2009 to 2011 were 121% of all income increases. How did that happen? Incomes to the bottom 99% fell by 0.4%

        by JesseCW on Mon Mar 18, 2013 at 07:32:14 PM PDT

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        •  Of course I do (1+ / 0-)
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          Sparhawk

          Apparently you do not.

          Here's what you can do.  Go to this website:

          http://www.census.gov/...

          Use the default settings, which were:

          1. Manufacturer's Shipments, Inventories and Orders
          2.  1992 to 2013
          3.  Total Manufacturing
          4. Value of Shipment
          5. US Total

          Do you see a clear trend?  Is it positive or negative?

          Now, what is also true is that we have gotten really efficient at manufacturing and so our productivity is really high.  What that means is that manufacturing employment has really taken a hit and are at numbers not seen since the 1930's.

          But to put your view point in context if there is no manufacturing base then completely eliminating it would be no big deal.  Of course, the reality is that there are about 12 million people employed in that sector of the economy.

          We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

          by theotherside on Tue Mar 19, 2013 at 04:25:05 AM PDT

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