Dow, S&P and Nasdaq
- Thread starter wvu2007
- Start date
Here's the relevant graph. Of the last 17 Presidents, after 6 months in office Trump is 9th in Dow percentage increase.
http://www.macrotrends.net/2481/stock-market-performance-by-president
http://www.macrotrends.net/2481/stock-market-performance-by-president
I stand corrected, he's not 9th, he's tied for 8th. He's 9th in the list but he and the guy ahead of him in the list (Ford) are both at 8.9%.
Don't worry. Help is on the way. Chuckles and Nancy are going to make the economy better; better for ALL Americans by GIVING us the tools we need. They will probably start by unwinding the job crushing executive orders that Trump has implemented. Yep, that'll help.
As I've Been Saying - Seattle's Move To $15 Minimum Wage Kills Jobs ...
www.forbes.com/.../as-ive-been-saying-seattles-move-to-15-minimum-wage-kills-jobs...
Jun 26, 2017 - Seattle's new $15 minimum wage law began going into effect ... wage, or whatever it is that he's pushing now, is just not going to work in the slightest.
This Is Why a $15 Minimum Wage Is Not the Answer – Mother Jones
www.motherjones.com/politics/2016/03/15-dollar-minimum-wage-is-not-the-answer/
Mar 10, 2016 - This Is Why a $15 Minimum Wage Is Not the Answer ... Though millions of adults work for minimum wage, until I did it myself I knew nothing ...
Four consequences of a $15 minimum wage - LA Times
www.latimes.com/.../la-fi-minimum-wage-impacts-20160421-snap-htmlstory.html
Apr 25, 2016 - Going to $15 an hour represents a 50% rise from California's current ... buy a used car, which will help them get to work, to child care and so on.
www.forbes.com/.../as-ive-been-saying-seattles-move-to-15-minimum-wage-kills-jobs...
Jun 26, 2017 - Seattle's new $15 minimum wage law began going into effect ... wage, or whatever it is that he's pushing now, is just not going to work in the slightest.
This Is Why a $15 Minimum Wage Is Not the Answer – Mother Jones
www.motherjones.com/politics/2016/03/15-dollar-minimum-wage-is-not-the-answer/
Mar 10, 2016 - This Is Why a $15 Minimum Wage Is Not the Answer ... Though millions of adults work for minimum wage, until I did it myself I knew nothing ...
Four consequences of a $15 minimum wage - LA Times
www.latimes.com/.../la-fi-minimum-wage-impacts-20160421-snap-htmlstory.html
Apr 25, 2016 - Going to $15 an hour represents a 50% rise from California's current ... buy a used car, which will help them get to work, to child care and so on.
You pay a salary that the market will bear. It's not a trick, it's called economics, and basic economics at that. Math doesn't lie.
2 things happen when you do that nonsense, because only 2 things can happen. 1. Prices go up so the business can maintain profit margins. Or 2. People get laid off so the business can maintain profit margins. If prices go up, all you did was pass a law that causes an immediate inflation of goods, if people get laid off, you put more people out of work. There is also a third option, the positions held by humans become economically feasible to become automated, and then again, you lose those jobs.
So I ask, how exactly is a living wage a good idea?
My employer chooses to pay me more than $8.00 per hour because they are able to. Some employers can't and the government forcing them to do so either causes them to cut employees or raise prices. Your whole post is really embarrassing and exposes your lack of knowledge of basic economics and a free market.
He's one of these drive by morons that parrots his Facebook feed with zero practical application applied to theory. When you start applying to logic, common business practice, human nature, and common sense, most of Bernie's stupid **** falls a part pretty quickly.
No i am employment lawyer that understands that when you are being paid 8.00 an hour by companies that make millions that you are being cheated and underpaid for what you do. The Free Market only works when the parites have equal barginning power. However if the Rich can trick the public into accepting wages that are lower than a living wage then you have to give them credit for the propagana that they have been able to sell.
Yea, no political rhetoric in that post at all. The laughable part of your post is your inability to understand two points,
1. In almost all of these "million dollar companies", they are owned by stockholders and their purpose is to make those shareholders money through selling a product or service. The job of the operational element of a company is to generate growth of business and growth of profits for those shareholders. If it wasn't, there would no motivating factor for people to invest their money into said companies.
2. The idea that someone working minimum wage is deserving of a higher wage is silly. Minimum wage jobs are not meant to sustain a family. They are minimum wage because of their abundance of availability and low skill required to perform the task. Either of those metrics change, then the job will command more money. There simply exists no leverage on the part of the minimum wage job holder. Simple supply and demand. There will never be a shortage of individuals who can perform those functions. You can pay them less because A. The replacement costs aren't an impacting dollar figure due to the low skill and low retraining costs, B. There is a neverending supply of people that have made poor choices in life, ergo, you always have a supply of available labor pool.
In theory, could your top execs take less money to pay a higher salary? Absolutely. Why would or should they?
How much do you pay your legal assistants? Secretaries?
And you're saying white collar workers are too stupid to think for themselves? That they're gullible and likely to fall prey to propaganda?
They do have equal bargaining power. Both can walk out the door and not come back.
They do not have equal leverage, and never will. It's easy to replace the $8/hour worker. CEO, not so much.
In his minimal posting on this forum, he's definitely one who drinks the kool aid of the left and possesses very little insight into reality.
Nobody takes a job without knowing their pay amd if they agree to work for that pay than they are getting paid exactly what they are worth and they used their bargaining power to get that wage. God help everyone if you are a lawyer.