Trump administration blocks Harvard's ability to enroll international students

[Lukraak_Sisser]

With a good education system or by talking to foreign students maybe the US could see the parallels between it's current regime and Louis XVI or Tsar Nicolas II, but well...

 

[Mojo]

Again, part of the weird US bubble seems to be that low income workers can be convinced to vote against taxing the rich...

That happens here as well, why do you think the Tories kept on getting elected, Farage gets so many votes, and our current government are so scared to talk about taxing the rich?

 

[Mojo]

Which is ironic, because you could basically solve many problems just by taxing the hyperwealthy an amount that they will never even notice. Fix education. Fix food deserts. Fix infrastructure. Fix them. Not just patch up - fix. Permanently.

But no - the rich must keep getting richer.

For better healthcare they wouldn't even need to increase taxes, just fix the system; see jimbob's sig, for example.

 

[TragicMonkey]

I don't want to be rude but it's slightly hypocritical that the king hates foreigners so much when his current queen is a foreign whore, and so was one of his previous wives.

 

[ponderingturtle]

Who's talking about doubling wages?

It's his strawman for why increasing inequity is an inevitable thing.

 

[Donal]

If we double US wages, prices will quickly follow suit. Which means basically zero net effect on our wealth.

Why is labor the only resource we can't increase the price for? Rent, material, marketing, etc. All of those have gone up significantly. But for some odd reason, paying your fellow Americans is where you draw the line.

And how come executive compensation enver gets mentioned when talking about this? "If we raise the wages of the people actually making the product or providing the service, we will have to pay more!" Meanwhile, executive compensation has increase exponentially and none of you people seem to care.

Here's a simple idea: if you can't afford to pay your workers, you can't afford a business

 

[JayUtah]

Why is labor the only resource we can't increase the price for?

I read something recently on this, which showed that price increases as a function of labor cost increase are attenuated both in size and duration. There appears to be a momentary surge, after which equalization occurs due to the overall increased spending power of the labor force acting as consumers. The only way wealth can "trickle down" as promised is through wage increases.

 

[angrysoba]

I don't want to be rude but it's slightly hypocritical that the king hates foreigners so much when his current queen is a foreign whore, and so was one of his previous wives.

Far be it from me to spread gossip, but there are mutterings in the palace that he also likes to bathe in foreign urine as well. But if anyone asks, I never said that.

 

[dirtywick]

I read something recently on this, which showed that price increases as a function of labor cost increase are attenuated both in size and duration. There appears to be a momentary surge, after which equalization occurs due to the overall increased spending power of the labor force acting as consumers. The only way wealth can "trickle down" as promised is through wage increases.

i agree with that and it's essentially what they're claiming anyway. if you give the rich money, they'll make jobs that pay more.

but when they don't hold up their end, nobody seems to want to examine the part of the promise that was broken: where are the jobs that pay more? you can't legislate them to do it, because it increases the cost, but the rich and corporations still receive the funds to do exactly what they refuse to do.

it's why it's just a bunch of bull ◊◊◊◊. failed theory.

 

[Donal]

dupe

 

[Donal]

Far be it from me to spread gossip, but there are mutterings in the palace that he also likes to bathe in foreign urine as well. But if anyone asks, I never said that.

Be careful. Comments like that will get him pissed.

 

[JayUtah]

but when they don't hold up their end, nobody seems to want to examine the part of the promise that was broken: where are the jobs that pay more?

And their promise of high-paying jobs is vapor. They're straight-up saying they want to push the U.S. toward menial labor. No more "woke" universities. Everyone goes to trade school to learn to be a pipe fitter, or to sort tiny screws for making smartphones. But that model only works if domestic labor is price-competitive with foreign labor—the industrialist utopia where labor is cheap and fungible and all the profits flow to the top instead of trickling down.

The classic example is Denmark, where the guy making your Big Mac earns the equivalent of $20 per hour plus benefits in 2014. A Big Mac there cost $5.60 compared to $4.80 in the United States at the time. Normalized, a U.S. worker at minimum wage would have to work 39 minutes to afford the product he's making, whereas a Dane at minimum wage would only have to work 17 minutes. Even Henry Ford figured out that the economy works best for his product when more people can afford to buy it. An economy is stronger the more people who can participate in it, and that improves things for everyone, not just for the billionaires but including the billionaires.

The Republican plan is never anything more than short-term greed.

 

[Hercules Rockefeller]

And their promise of high-paying jobs is vapor. They're straight-up saying they want to push the U.S. toward menial labor. No more "woke" universities. Everyone goes to trade school to learn to be a pipe fitter, or to sort tiny screws for making smartphones. But that model only works if domestic labor is price-competitive with foreign labor—the industrialist utopia where labor is cheap and fungible and all the profits flow to the top instead of trickling down.

The classic example is Denmark, where the guy making your Big Mac earns the equivalent of $20 per hour plus benefits in 2014. A Big Mac there cost $5.60 compared to $4.80 in the United States at the time. Normalized, a U.S. worker at minimum wage would have to work 39 minutes to afford the product he's making, whereas a Dane at minimum wage would only have to work 17 minutes. Even Henry Ford figured out that the economy works best for his product when more people can afford to buy it. An economy is stronger the more people who can participate in it, and that improves things for everyone, not just for the billionaires but including the billionaires.

The Republican plan is never anything more than short-term greed.

Slight correction. There is no minimum wage in Denmark.

 

[dirtywick]

And their promise of high-paying jobs is vapor. They're straight-up saying they want to push the U.S. toward menial labor. No more "woke" universities. Everyone goes to trade school to learn to be a pipe fitter, or to sort tiny screws for making smartphones. But that model only works if domestic labor is price-competitive with foreign labor—the industrialist utopia where labor is cheap and fungible and all the profits flow to the top instead of trickling down.

The classic example is Denmark, where the guy making your Big Mac earns the equivalent of $20 per hour plus benefits in 2014. A Big Mac there cost $5.60 compared to $4.80 in the United States at the time. Normalized, a U.S. worker at minimum wage would have to work 39 minutes to afford the product he's making, whereas a Dane at minimum wage would only have to work 17 minutes. Even Henry Ford figured out that the economy works best for his product when more people can afford to buy it. An economy is stronger the more people who can participate in it, and that improves things for everyone, not just for the billionaires but including the billionaires.

The Republican plan is never anything more than short-term greed.

i agree 100%

even when you get into their tariff policy, they insist they don't raise prices. but raising prices to a competitive price point is the mechanism by which manufacturers are incentivized to return production to the states, due to the increased labor costs, which they insist they can't pay because it raises prices. get rid of educated workers, and import cheap h1bs that they can abuse their worker rights and rip off. then this consumer tax is levied on the market, lower demand, and cut tons of government jobs, raising unemployment while slashing social spending and welfare programs. they want to eliminate your access to healthcare. they raise the deficit and threaten default. they manipulate the stock market and invest in their personal crypto schemes.

it's an absolute disaster of fiscal policy. insanity.

 

[Mojo]

i agree 100%

even when you get into their tariff policy, they insist they don't raise prices. but raising prices to a competitive price point is the mechanism by which manufacturers are incentivized to return production to the states, due to the increased labor costs, which they insist they can't pay because it raises prices. get rid of educated workers, and import cheap h1bs that they can abuse their worker rights and rip off. then this consumer tax is levied on the market, lower demand, and cut tons of government jobs, raising unemployment while slashing social spending and welfare programs. they want to eliminate your access to healthcare. they raise the deficit and threaten default. they manipulate the stock market and invest in their personal crypto schemes.

it's an absolute disaster of fiscal policy. insanity.

Not for them.

 

[JayUtah]

Slight correction. There is no minimum wage in Denmark.

I understand that. The figure I quoted was a negotiated wage with McDonalds. No person in 2014 could be paid less than $20 to work for McDonalds, not because of statute but because of contract with McDonalds. It's still enforceable, just by different means.