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TheRealOldSchool lies

Owensboro, KY

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#83
Feb 18, 2013
 

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TheRealOldSchool wrote:
<quoted text>
If minimum wage were $11.86 per month like RWTaylor56 suggested, prices of everything would be through the roof.
Good morning! Glad to see your on topix, as always, to respond immediately! Now maybe you can attempt to answer the question that you have previously avoided..."Please explain how that would be the case. Examples that show precedents for that happening would also be helpful. Thanks!"

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Since: Dec 12

Owensboro, KY

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#84
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>Good morning! Glad to see your on topix, as always, to respond immediately! Now maybe you can attempt to answer the question that you have previously avoided..."Please explain how that would be the case. Examples that show precedents for that happening would also be helpful. Thanks!"
There is no need to explain something that is common sense. If a company has 30 full time employees and they have to pay them $11.86 instead of $7.25, that's over $287,000 more per year. Where do you think that money is going to come from? Out of the owner's pockets? I don't think so. They will raise the price of costs or services. It doesn't take a genius to see that, but it does require a little common sense. You seem to lack that.

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Since: Dec 12

Owensboro, KY

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#85
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>Good morning! Glad to see your on topix, as always, to respond immediately! Now maybe you can attempt to answer the question that you have previously avoided..."Please explain how that would be the case. Examples that show precedents for that happening would also be helpful. Thanks!"
Or maybe we can just ask the rich to pay more. Surely that will fix it right?

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Since: Dec 12

Owensboro, KY

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#86
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>TheRealOldSchool never has any actual facts to back up his GOP talking points. Looks like last night someone had one of his "missing his meds" moments. I see he spent all night posting one of his Castlesque topix spamming sessions. hehe, I can change my name, Reality Check & Aussie Rupert...the fool didn't even realize he was making fun of the owner of News Corp. I knew these people would become even more psychotic after the election. Must be terrible to have so much anger that it keeps you up all night.
I do think its funny that I can be away from a computer for a long period of time and somehow you've come up with 2 more names that you think I've posted as. Lol. I enjoy debating politics, but name calling, party bashing, and childish antics aren't my style buddy. Your life will be a lot easier when you realize I'm not the only conservative in this town. Maybe you'll stop thinking about me then. I can only hope.
TheRealOldSchool lies

Owensboro, KY

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#87
Feb 18, 2013
 

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TheRealOldSchool wrote:
<quoted text>
There is no need to explain something that is common sense. If a company has 30 full time employees and they have to pay them $11.86 instead of $7.25, that's over $287,000 more per year. Where do you think that money is going to come from? Out of the owner's pockets? I don't think so. They will raise the price of costs or services. It doesn't take a genius to see that, but it does require a little common sense. You seem to lack that.
So then, you really don't have any real statistics or real world precedents that proves your theory. As, usual. You confuse your own speculation with actual facts. Thanks for clearing that up, buddy genius!

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Owensboro, KY

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#88
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>So then, you really don't have any real statistics or real world precedents that proves your theory. As, usual. You confuse your own speculation with actual facts. Thanks for clearing that up, buddy genius!
Once again, you've provided nothing to a debate. You're getting good at that. Keep up the good work.

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Since: Dec 12

United States

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#89
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>So then, you really don't have any real statistics or real world precedents that proves your theory. As, usual. You confuse your own speculation with actual facts. Thanks for clearing that up, buddy genius!
Nobody has real-world statistics with minimum-wage being nine dollars per hour. Does that mean everybody needs to stop talking about the topic?
RIP GOP

Owensboro, KY

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#90
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>
So then, you really don't have any real statistics or real world precedents that proves your theory. As, usual. You confuse your own speculation with actual facts. Thanks for clearing that up, buddy genius!
The modern Republican party doesn't live in a fact based world. They're still locked in a theological world of failed ideals and policies. That's why they haven't really changed their playbook about trickle down economics and deregulation. You can see the frustration on everything from their news outlets to person that spammed the forum last night. Their ideas are out of date and irrelevant. They'll only become more stressed out and nutty acting as the GOP continues to fail at a national level.
Mr Dude

Owensboro, KY

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#91
Feb 18, 2013
 

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RIP GOP wrote:
<quoted text>
The modern Republican party doesn't live in a fact based world. They're still locked in a theological world of failed ideals and policies. That's why they haven't really changed their playbook about trickle down economics and deregulation. You can see the frustration on everything from their news outlets to person that spammed the forum last night. Their ideas are out of date and irrelevant. They'll only become more stressed out and nutty acting as the GOP continues to fail at a national level.
RIP GOP, I agree with some of what you said. However, you have to ask yourself the question: Are current Democrat economic agendas better than what the GOP (Reagan era) had? In reality the Bush administration is no different than the Obama administration. Both are war mongers, raised taxes on all, grown government (at taxpayers expense), violated our constitutional rights, increased government depandancy programs, and hurt the median income of the middle class. Check out what Dr. Ben Carson had to say during the national prayer breakfast and see if you like what you hear. He's an independant FWIW.

**As for the original question: It depends on the job. Is a grocery bagger worth $9 an hour? Not in my opinion. However, inflation is killing our economy because of an unregulated federal reserve and treasury. They print more money: that equals inflation, which means your current salary don't cut it.
RIP GOP

Owensboro, KY

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#92
Feb 18, 2013
 

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Mr Dude wrote:
<quoted text>
RIP GOP, I agree with some of what you said. However, you have to ask yourself the question: Are current Democrat economic agendas better than what the GOP (Reagan era) had? In reality the Bush administration is no different than the Obama administration. Both are war mongers, raised taxes on all, grown government (at taxpayers expense), violated our constitutional rights, increased government depandancy programs, and hurt the median income of the middle class. Check out what Dr. Ben Carson had to say during the national prayer breakfast and see if you like what you hear. He's an independant FWIW.
**As for the original question: It depends on the job. Is a grocery bagger worth $9 an hour? Not in my opinion. However, inflation is killing our economy because of an unregulated federal reserve and treasury. They print more money: that equals inflation, which means your current salary don't cut it.
I do you see your point about the similarities of the party system, but I view the Democrats as the lesser of two evils for many reasons and also simply because they are too spineless to pass anything substantial anyway. My frustration with the GOP started with me leaving the party during W's term to register as an independent. From the way the party was hijacked by religious fundamentalists to the way that News Corp owned media outlets and right wing talk radio were cheerleaders in sending thousands of our patriotic troops to their deaths in Iraq. Back in the days before Republicans could even say the word "deficit" My problem with this real old school character and his ilk are the blind devotion to the GOP/Fox News party line. The way people like him complain about the difference of a few more dollars to help workers keep up with the cost of living, but have no clue about how much the discrepancies between upper corporate salaries have increased as opposed to profits. That said, I think politically partisan arguments are pointless anyway. Any politician that makes it as far as Washington, DC, has sold their soul in one way or another to get there.

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#93
Feb 18, 2013
 

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RIP GOP wrote:
<quoted text>I do you see your point about the similarities of the party system, but I view the Democrats as the lesser of two evils for many reasons and also simply because they are too spineless to pass anything substantial anyway. My frustration with the GOP started with me leaving the party during W's term to register as an independent. From the way the party was hijacked by religious fundamentalists to the way that News Corp owned media outlets and right wing talk radio were cheerleaders in sending thousands of our patriotic troops to their deaths in Iraq. Back in the days before Republicans could even say the word "deficit" My problem with this real old school character and his ilk are the blind devotion to the GOP/Fox News party line. The way people like him complain about the difference of a few more dollars to help workers keep up with the cost of living, but have no clue about how much the discrepancies between upper corporate salaries have increased as opposed to profits. That said, I think politically partisan arguments are pointless anyway. Any politician that makes it as far as Washington, DC, has sold their soul in one way or another to get there.
I don't tow the party line like you think I do. Your idea of how I think has been formed by the fact you believe I post every conservative thought on this local forum. The only time I argue politics is under TheRealOldSchool, unless I was commenting on a random topic previously with a different name and forgot to change it back. When you can get your head out of your ass and start having a real conversation with me, you might see my views aren't nearly as far to the right as you think. But as long as you think I'm the one posting every single conservative idea, you'll just be running in circles trying to prove something that isn't true. I've said a million times, parties shouldn't exist. Choosing a side is what has impeded our progress. And as far as religion, I don't even believe anything. So how is it you categorize me with religious fundamentalists?
Kristi

Williamston, SC

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#94
Feb 18, 2013
 

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TheRealOldSchool lies wrote:
<quoted text>
TheRealOldSchool never has any actual facts to back up his GOP talking points. Looks like last night someone had one of his "missing his meds" moments. I see he spent all night posting one of his Castlesque topix spamming sessions. hehe, I can change my name, Reality Check & Aussie Rupert...the fool didn't even realize he was making fun of the owner of News Corp. I knew these people would become even more psychotic after the election. Must be terrible to have so much anger that it keeps you up all night.
I was thinking it was him also. Castle posted incoherently like that using multiple exclamation marks and acting like a child who overhears the sound bytes from his parents watching too much fox news. He also kept going on making fun of people that ask for facts, which seemed like he was defending real old school after he was asked to back up his statements. The Obama 2016 he kept posting was funny though. It made me think how much crazier people like that would get if Michelle ran. ;)

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#95
Feb 18, 2013
 

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come on people, its basic economics. Raise prices, reduce demand. here are tons of data on the subject:
The Effect of Minimum Wages on Employment

Despite the use of different models to understand the effects of minimum wages, all economists agree that businesses will make changes to adapt to the higher labor costs after a minimum wage increase. Empirical research seeks to determine what changes to variables such as employment and prices firms will make, and how large those changes will be. The higher costs will be passed on to someone in the long run; the only question is who. The important thing for policymakers to remember is that a decision to increase the minimum wage is not cost-free; someone has to pay for it.

The main finding of economic theory and empirical research over the past 70 years is that minimum wage increases tend to reduce employment. The higher the minimum wage relative to competitive-market wage levels, the greater the employment loss that occurs. While minimum wages ostensibly aim to improve the economic well-being of the working poor, the disemployment effects of a minimum wages have been found to fall disproportionately on the least skilled and on the most disadvantaged individuals, including the disabled, youth, lower-skilled workers, immigrants, and ethnic minorities.

In his best-selling economics textbook, Harvard University's Greg Mankiw concludes:

The minimum wage has its greatest impact on the market for teenage labor. The equilibrium wages of teenagers are low because teenagers are among the least skilled and least experienced members of the labor force. In addition, teenagers are often willing to accept a lower wage in exchange for on-the-job training.... As a result, the minimum wage is more often binding for teenagers than for other members of the labor force.

Research by Marvin Kosters and Finis Welch shows that the minimum wage hurts low-wage workers particularly during cyclical downturns. And based on his studies, Nobel laureate economist Milton Friedman observed: "The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken."

In a generally competitive labor market, employers bid for the most productive workers and the resulting wage distribution reflects the productivity of those workers. If the government imposes a minimum wage on the labor market, those workers whose productivity falls below the minimum wage will find few, if any, employment opportunities. The basic theory of competitive labor markets predicts that a minimum wage imposed above the market wage rate will reduce employment.

Evidence of employment loss has been found since the earliest implementation of the minimum wage. The U.S. Department of Labor's own assessment of the first 25-cent minimum wage in 1938 found that it resulted in job losses for 30,000 to 50,000 workers, or 10 to 13 percent of the 300,000 covered workers who previously earned below the new wage floor.

Following passage of the federal minimum wage in 1938, economists began to accumulate statistical evidence on the effects. Much of the research has indicated that increases in the minimum wage have adverse effects on the employment opportunities of low-skilled workers. And across the country, the greatest adverse impact will generally occur in the poorer and lower-wage regions. In those regions, more workers and businesses are affected by the mandated wage, and businesses have to take more dramatic steps to adjust to the higher costs.

As an example, with the original 1938 imposition of the minimum wage, the lower-income U.S. territory of Puerto Rico was severely affected. An estimated 120,000 workers in Puerto Rico lost their jobs within the first year of implementation of the new 25-cent minimum wage, and the island's unemployment rate soared to nearly 50 percent.

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#96
Feb 18, 2013
 

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Other Effects of Minimum Wages

Aside from changes in employment, empirical studies have documented other methods by which businesses and markets adjust to minimum wage increases. The congressional Joint Economic Committee published a major review of 50 years of academic research on the minimum wage in 1995. The study found a wide range of direct and indirect effects of increased minimum wages that may occur. These include

Increasing the likelihood and duration of unemployment for low-wage workers, particularly during economic downturns;
Encouraging employers to cut worker training;
Increasing job turnover;
Discouraging part-time work and reducing school attendance;
Driving workers into uncovered jobs, thus reducing wages in those sectors;
Encouraging employers to cut back on fringe benefits;
Encouraging employers to install labor-saving devices;
Increasing inflationary pressure;
Increasing teenage crime rates as a result of higher unemployment; and
Encouraging employers to hire illegal aliens.

Another channel of adjustment to minimum wage changes is labor-labor substitution within businesses.Research finds that some employers will replace their lowest-skilled workers with somewhat higher-skilled workers in response to increases in the minimum wage. As a result, minimum wage increases may harm the least skilled workers more than is suggested by the net disemployment effects estimated in many studies because more-skilled workers are replacing some less-skilled workers. Nobel laureate economist Gary Becker has noted that this effect helps generate political support from labor unions for higher minimum wages:

A rise in the minimum wage increases the demand for workers with greater skills because it reduces competition from low-skilled workers. This is an important reason why unions have always been strong supporters of high minimum wages because these reduce the competition faced by union members from the largely non-union workers who receive low wages.

A 2011 study by Barry Hirsch and coauthors found yet further methods of business adjustment. Some firms partially offset increases in the minimum wage by awarding smaller than normal pay increases to their workers who earn more than the minimum wage. Some firms try to increase worker productivity by requiring better attendance, insisting that job duties are completed faster, imposing additional tasks on workers, minimizing hours worked with better scheduling, and terminating poor performers more quickly.
You Go Girl

Owensboro, KY

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#97
Feb 18, 2013
 

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Kristi wrote:
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I was thinking it was him also. Castle posted incoherently like that using multiple exclamation marks and acting like a child who overhears the sound bytes from his parents watching too much fox news. He also kept going on making fun of people that ask for facts, which seemed like he was defending real old school after he was asked to back up his statements. The Obama 2016 he kept posting was funny though. It made me think how much crazier people like that would get if Michelle ran. ;)
Michelle Obama would actually be a very viable candidate. Her popularity and approval ratings are very high.
the creeper is back

Williamston, SC

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#98
Feb 18, 2013
 

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I was wondering what happened to that copy and paste backwards name stalker. I was starting to think that maybe the cops finally caught him staring into Sarah Lykins window and locked him up! LMFOA!
Kristi

Williamston, SC

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#99
Feb 18, 2013
 

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You Go Girl wrote:
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Michelle Obama would actually be a very viable candidate. Her popularity and approval ratings are very high.
I know right! She would probably win by even more votes than her husband did!:)
reality

Greenville, KY

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#100
Feb 18, 2013
 

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In ky, you have to work 65 hours at minimum wage to afford a 2 bedroom apartment.
Kristi

Williamston, SC

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#101
Feb 18, 2013
 

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the creeper is back wrote:
I was wondering what happened to that copy and paste backwards name stalker. I was starting to think that maybe the cops finally caught him staring into Sarah Lykins window and locked him up! LMFOA!
Lol! Or maybe they busted him for spying into RWTaylor's window? He's a bi-stalker! ;)

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#102
Feb 18, 2013
 

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maybe there are limited opportunities to post anything of substance on this site, and it is always followed by creepy accusations of stalking that are not based on any facts. oh well, I see the real creepy stalker is alive and well and now posting under the name "the creeper is back" but alas, he will change it again soon and post more unsubstantiated crap about someone else.

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