Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror

Comment: Re:Stupid reasoning. (Score 1) 1090

by Alomex (#49741757) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

You have no idea if I support government expenditures or not. I.e. "statist". I'm just pointing out that your figures are flawed, and since you are loosing that argument you try to shift it into ascribing views to me that are not even part of the conversation.

It's clear you lost, you know you lost and you are trying to shift the target by claiming I'm a statist. Thanks for participating. Next!

Comment: Re:Minimum Wage (Score 1, Insightful) 1090

by Alomex (#49733657) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

No wonder they are small business owners:

1) they hate employees!

2) The key to growing your two bit operation is hiring people smarter than you and let them do their thing.

3) Given that they are not willing to pay a decent wage, is it any wonder that the only thing they manage t hire are headaches?

Comment: Re:Minimum Wage (Score 1) 1090

by Alomex (#49733417) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

they lay off most of their minimum wage workers because they don't need them anymore.

You are quite right. The savings in labor are then passed right along to the consumer who uses it to hire the worker doing some other task which cannot be robot automated as easily, such as, to give a trivial example, baby sitting.

That's the history of capitalism. You don't seem to believe on it, so I take it you are a Marxist.

wanted to keep cheaper minority workers from competing with them.

Perhaps so in the US, but the world just happen to be a smidgen larger than that. So your point is rather irrelevant.

Comment: Re:Stupid reasoning. (Score 1) 1090

by Alomex (#49733287) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

Money that is in bank accounts isn't "idle"; rather, it is invested in stock

This quote already shows you do not know what you are talking about. Currently so much money is sitting in central banks rather than stocks that several countries have overnight negative interest rates.

I have read about multipliers, extensively: multipliers larger than 1 are a fiction.

Thanks for providing ready confirmation of your ignorance. No less than the IMF has studied and found cases of multipliers greater than one in the recent crisis along with many other economists from the left and from the right.

I'm not about to educate you out of your ignorance, so I'm signing off from this discussion

Comment: Re:Stupid reasoning. (Score 1, Insightful) 1090

by Alomex (#49731947) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

While you're at it, also explain why businesses would pay $15/h for a worker who doesn't increase revenue by significantly more than $15 for each hour he works.

[citation needed]

This is particularly the case today when most money is seating idle in bank accounts and treasury bonds.

you simply price a lot of labor out of the market with minimum wages.

This is just no so. If you had said "you price a smidgen of labor out you would be correct as studies seem to agree that this is the case.

Lastly you need to read about money multipliers and it being possibly larger than 1 in some instances such as this.

Comment: Re:Minimum Wage (Score 3, Interesting) 1090

by Alomex (#49731883) Attached to: Los Angeles Raises Minimum Wage To $15 an Hour

While you're at it, also explain why businesses would pay $15/h for a worker who doesn't increase revenue by significantly more than $15 for each hour he works.

Work is fungible. Perhaps you had said worker hammering roofing nails manually and after the wage increase you decide to buy a nail gun to increase their productivity. In fact historically union shops have lead the way in increases in productivity for exactly this reason. This is well documented.

Comment: Re:What's the best value for inflation? (Score 1) 335

by Alomex (#49719329) Attached to: Stock Market Valuation Exceeds Its Components' Actual Value

Currently believed to be about 4%, but it does heavily depend on human behavior. To wit, when we need deflation humans do not like to explicitly reduce wages, they would much rather simply not give you a pay increase and let inflation erode your wages away.

Because of this we need 4% inflation rather than the 2% inflation target proposed nearly two decades ago, which had ignored this all too human variable.

Comment: Re:Free Market Republicans at their Finest (Score 1) 103

by Alomex (#49710351) Attached to: House Science Committee Approves Changes To Space Law

Like ending US involvement in the Middle East? Seems to me Obama ran on that.

Which any reasonable person would say he delivered on, considering that we had nearly a quarter of a million troops there and we are down to about 10K.

If you care about the facts that is. Otherwise keep on voting for those "fiscally responsible" republicans which took the Clinton surplus and converted it into a trillion dollar deficit, all in the name of "smaller government".

Comment: Re:Free Market Republicans at their Finest (Score 1, Flamebait) 103

by Alomex (#49703801) Attached to: House Science Committee Approves Changes To Space Law

This. Say what you will of Democrats, at least they run on the policies they will implement. Republicans on the other hand run on a con job of "free market" and "no deficits" which in reality means "corporate welfare up the wazoo" and "record deficits because of wars and tax cuts".

Comment: Re:Around the block (Score 1) 429

by Alomex (#49669775) Attached to: Why Companies Should Hire Older Developers

Wow, Yahoo was there before Google. Who knew. What else are you going to discover next? that Altavista was there also before Google?

And no, Yahoo was not making money in 1995. It went public in April 1996 with revenues of $1.9 million (yes with an m) for the nine month period ending on December 1995. It had a loss of $634K for that same time frame.

Comment: Re:Around the block (Score 1) 429

by Alomex (#49661493) Attached to: Why Companies Should Hire Older Developers

So you would have told the Google guys, Larry and Sergei, how every single search engine company before them failed, since they couldn't monetize their search. You would have walked all smug from that meeting, having shown the "powers-that-be" how ignorant they were of the past, thinking that search engines or even page rank (independently discovered in Altavista, who failed) would make a difference.

The solution of this problem is trivial and is left as an exercise for the reader.

Working...