Things They Say

thethe said:
AI and robotics do the job. Just look at the recent innovations on farming to pick weeds and evaluate health levels of crops.

But it also forces employees to not use slave labor wages.

Boo hoo
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I mean, good on you for your implicit support of raising the minimum wage at least, but companies are going to either do or not do automation already based on the supply and price of labor, and those machines aren’t free. If a company is forced to invest more in automation by restricting the labor supply, you increase the prices without any employees seeing the benefit, and then those jobs are gone forever. As someone who has seemingly embraced the push for an increase in domestic birth rates, I don’t see how you can’t recognize an eventual tension there.
 
mqt said:
I mean, good on you for your implicit support of raising the minimum wage at least, but companies are going to either do or not do automation already based on the supply and price of labor, and those machines aren’t free. If a company is forced to invest more in automation by restricting the labor supply, you increase the prices without any employees seeing the benefit, and then those jobs are gone forever. As someone who has seemingly embraced the push for an increase in domestic birth rates, I don’t see how you can’t recognize an eventual tension there.
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I’m in favor of mining wage increase through natural market conditions by removing the absurd supply of low skilled labor.

Investment in research and cap ex do not increase prices long term because productivity skyrockets. With this productivity increase goods will decrease in price and AMERICANS will benefit from it.
 
thethe said:
I’m in favor of mining wage increase through natural market conditions by removing the absurd supply of low skilled labor.

Investment in research and cap ex do not increase prices long term because productivity skyrockets. With this productivity increase goods will decrease in price and AMERICANS will benefit from it.
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Investment in research doesn’t naturally increase prices, because companies plan their investments as it makes sense for them to do so based on the cost of labor and the elasticity of the demand for the product. But if a company cannot currently automate a role due to cost, but have their hand forced by the government restricting the supply of labor, prices still go above equilibrium. Maybe not as much as it would if they were forced to pay higher wages, but you’re changing the equation overnight.
 
mqt said:
Investment in research doesn’t naturally increase prices, because companies plan their investments as it makes sense for them to do so based on the cost of labor and the elasticity of the demand for the product. But if a company cannot currently automate a role due to cost, but have their hand forced by the government restricting the supply of labor, prices still go above equilibrium. Maybe not as much as it would if they were forced to pay higher wages, but you’re changing the equation overnight.
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These costs will typically be capitalized and therefore recognized over time which is what the companies will want to avoid tax in future periods when the automation makes their business absurdly profitable.
 
mqt said:
Serious question for you: what the **** do you think happens to the economy when you crater the low-wage labor supply and American citizens refuse to do the same work for that wage? Because Economics would teach you that either production will drop, leading to shortages, or the cost of labor will go up, increasing prices. Which one of these outcomes are you hoping for?
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I'd like to see 10 million low skilled workers deported as a scientific experiment so we can see what happens. The loudest squeals will come from small business owners and farmers, people who are at the mythic core of the constituencies that the GOP claims to care the most about.
 
nsacpi said:
I'd like to see 10 million low skilled workers deported as a scientific experiment so we can see what happens. The loudest squeals will come from small business owners and farmers, people who are at the mythic core of the constituencies that the GOP claims to care the most about.
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Fortunately we have many multiples more illegals in the country and there will still be plenty of labor.

And then of course those that are truly in support of these plans are up front that goods will cost more as AMERICANS are employed for higher wages.
 
nsacpi said:
I'd like to see 10 million low skilled workers deported as a scientific experiment so we can see what happens. The loudest squeals will come from small business owners and farmers, people who are at the mythic core of the constituencies that the GOP claims to care the most about.
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That tracks. I really bet you would.

Most farmers have moved to South African or Guatemalan h2a labor or training their own.

You can’t operate a 800k tractor without proper training these days
 
thethe said:
Fortunately we have many multiples more illegals in the country and there will still be plenty of labor.

And then of course those that are truly in support of these plans are up front that goods will cost more as AMERICANS are employed for higher wages.
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I enjoy that your justification is just Trump can’t deliver on the goal of deporting everyone, so the same immigrants you’re demonizing are the saving grace for the labor market.
 
mqt said:
I enjoy that your justification is just Trump can’t deliver on the goal of deporting everyone, so the same immigrants you’re demonizing are the saving grace for the labor market.
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Oh step by step until all Americans have work over illegals.
 
“It’s disappointing to say — but perhaps he (DJT) personally lacks principle on this issue,” said Lila Rose (anti-abortion activist).

Ya think?
 
Mark Cuban
@mcuban

Trump said this at his speech today in Michigan

“"We're going to bring back the car industry," Trump said in our interview. "We're not going to let it disappear. We're going to bring back jobs, we're going to bring back factories and make Michigan very successful again. And we can do that very easily through the TAXATION OF FOREIGN NATIONS”

Can someone explain to me how we would tax a foreign nation ?


https://detroitnews.com/story/opini...-trump-promises-free-ivf-for-all/75001859007/


https://www.tutorialspoint.com/difference-between-tax-and-tariff
 
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Tariffs are taxes on foreign nations because producers need to reduce their prices to remain competitive. Less revenues to be taxed locally therefore its a tax on the foreign nation.

I don't expect you to understand any of it but it is truly a tax on the foreign nation.
 
Tariffs will cause the $ to appreciate. In effect we are penalizing our export industries in favor of those who are exposed to competition from imports. This is something called general equilibrium analysis. You have to take into account the repercussions that occur via the exchange rate mechanism.
 
acesfull86 said:
If you say so
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A foreign supplier has a choice to lose business to another entity or lower their prices. What do you think they choose?

Of course I believe I’m the only one on this forum with real world experience in this arena but hey man you stick to your textbooks!
 
thethe said:
A foreign supplier has a choice to lose business to another entity or lower their prices. What do you think they choose?

Of course I believe I’m the only one on this forum with real world experience in this arena but hey man you stick to your textbooks!
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Sure thing
 
The last time real life data was entered into this particular debate, only one side provided it, it didn’t match your worldview, and you excused it away because COVID.
 
acesfull86 said:
The last time real life data was entered into this particular debate, only one side provided it, it didn’t match your worldview, and you excused it away because COVID.
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And it was noted that suppliers MAY have been lowering prices and no investigation was done because the truth is obvious.

And then of course it takes time to have effective policies but you all are quick to judge because you’re blinded by traditional economic theory.
 
“He says, ‘Oh, I lost by a whisker,'” Fuentes griped during his Tuesday night livestream. “So what was the point? What’s the point of any of it? You lost in 2020? Seriously? What are we even doing anymore? Then you’re a loser. You just lost. Then you lost to Joe Biden.”

“That actually vindicates the DOJ charge against him!” Fuentes declared. “Because the charge is that he knew he lost but he lied to defraud the people.”

“So, why did we do Stop the Steal?” Fuentes demanded to know. “Why did anyone go to Jan. 6? Why is anyone sitting in jail? Why did anything bad happen to anybody? Why did everyone get censored? Why is everything bad that has happened to the people that were involved, why did that need to happen if you’re just going to walk it all back and say, ‘Oh, I lost’?”

“Well, it would have been good to know that before 1,600 people got charged,” he continued. “It would have been good to know that before I had all my money frozen, [was] put on the No Fly List, [got] banned from everything, lost all banking and payment processing. It would have been good to know that before I, in 2017, dedicated my life to this as an 18 year-old in college. It just feels like a big ripoff.”
 
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