Fangbeer's Recent Activity
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Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I'm just preempting the next objection. The one that bluesguy alluded to that the tree was stolen from the earth which simultaneously belongs to no one, and whatever culture...
Apr 16, 2024 at 6:36 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Was not the tree consumed?
Apr 16, 2024 at 6:18 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
To directly correlate with the labor theory of value，add in a laborer that you paid 10 bucks to carry the log back to your shop. The Marxist would say you stole 100 bucks from...
Apr 16, 2024 at 6:06 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
What in the world are "the laws of economy"? So you would agree that the dumb Dane McD's managers solved the demand for wage vs the demand for product problem by hiring fewer...
Apr 16, 2024 at 3:06 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
They do. For some it's called a wage. For many others it's called a business.
Apr 15, 2024 at 4:10 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Huh? You don't think that controlling the value of property has an effect on the value of property? Why regulate it then?
Apr 15, 2024 at 3:47 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Sure it has reasons to regulate. Just because you have a reason to regulate doesn't mean your action will produce the outcome you want. Especially when the underlying...
Apr 15, 2024 at 3:31 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
What makes you think I didn't realize that? I asked the question so that I could specifically point that that many people completely ignore the value associated with the other...
Apr 15, 2024 at 3:17 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I don't think that's the claim. The claim is that the value of the labor is determined by the scarcity of that labor, and the demand for the product of that labor. Is there...
Apr 15, 2024 at 3:05 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I did complain about that. This is the command economist's answer to your 3rd world wage problem. What's the functional difference between a 3rd world wage and an American...
Apr 15, 2024 at 2:04 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
What the heck is "wealth hoarding" and what would be the point of it? What's the standard of wealth? Is it a dollar amount? An asset value? A satisfaction index? Do you...
Apr 15, 2024 at 1:56 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Why are cheaper third world wages a problem? People seem to be pretty happy to have access to low cost goods produced in the third world. Who benefits from an increased...
Apr 15, 2024 at 1:40 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Fix the problem. Not the effects of the problem
Apr 15, 2024 at 12:18 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I'm not sure they do need them the most. Low skill jobs are not just entry level work. There are myriad reasons to take a low skill job. Least of which is to develop skill....
Apr 15, 2024 at 12:12 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
And the market regulates that too. If you think people aren't paid enough in a specific market, your best course of action is to enter that market and compete. You'll get...
Apr 15, 2024 at 12:02 PM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I'm with you there. I'm not for a minimum wage. The market determines the value of the labor. I'm more speaking to the people that think they are helping those low skilled...
Apr 15, 2024 at 11:39 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
It's a quotient. Just like IQ. It was never a fixed value. It can't be, as every trade is an exchange of value in which the two parties disagree about the actual value...
Apr 15, 2024 at 11:33 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I disagree. Rewind to the turn of the last century. Automation replaced farm labor. The farm tractor displaced millions of farm laborers. Was that a bad thing, or was it...
Apr 15, 2024 at 11:20 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Automation replaces low skill entry level jobs. It's incredibly difficult to automate complex tasks. Especially complex unique tasks. The application of automation even...
Apr 15, 2024 at 11:14 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
In Denmark there are 16 McDonald's per million inhabitants In the U.S. there are 45. Denmark has 6 million people. The US has 333 million. Do you really think you can...
Apr 15, 2024 at 10:57 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
How do you think this will effect the current housing shortage in CA? Do you think people will scramble to build rental properties?
Apr 15, 2024 at 10:32 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
If the value of the dollar drops, and the value of the rent stays the same, why wouldn't the rent increase in dollars?
Apr 15, 2024 at 10:25 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
This could be an indicator that you don't understand the system you're trying to describe.
Apr 15, 2024 at 10:20 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
You have to understand that it's not the number of dollars that is important. The number of dollars is meaningless. It's the willingness to trade for those dollars that...
Apr 15, 2024 at 10:17 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
I read your post. My question remains.
Apr 15, 2024 at 9:41 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
No. That's not what happens when the token of value is no longer traded. What happens is that traders use different tokens of value. Money is not value. It's an abstract...
Apr 15, 2024 at 8:58 AM -
Fangbeer replied to the thread Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage.
Think about this for more than a second please. Are you suggesting that in the absence of Amazon these people would be more wealthy? How can someone be less wealthy after...
Apr 15, 2024 at 8:34 AM
