How can we achieve a living wage?

Budley Doright

Budley Doright

Well-Known Member
Bugeye said:
I can reverse that and ask you, what is the point of customers without capital to serve them? Capital is needed for production, labor, marketing, distribution, etc.
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Seed money (and yes this is where the wealthy come to play lol), if that is what you mean by capital, is required, but hopefully the customers, the cash flow they generate will provide the capital to promote, grow, your business. Most of the larger companies today are based less on actually infrastructure and more on intellectual property, patents, trademarks, etc. The need for meaningful, skilled labor is a disappearing need. This brings us back to the question, is there a need for a living wage.
 
S

schuylaar

Well-Known Member
Budley Doright said:
Seed money (and yes this is where the wealthy come to play lol), if that is what you mean by capital, is required, but hopefully the customers, the cash flow they generate will provide the capital to promote, grow, your business. Most of the larger companies today are based less on actually infrastructure and more on intellectual property, patents, trademarks, etc. The need for meaningful, skilled labor is a disappearing need. This brings us back to the question, is there a need for a living wage.
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as long as you have human capital- yes.
 
Budley Doright

Budley Doright

Well-Known Member
schuylaar said:
yes.
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I work to support my lifestyle, I have to. Does that make me a slave? I think it does according to Rob because if I had my option I would rather not work to support it, that means I’m a slave. But I guess I’m a slave to my wants :(.
We’re all slaves to something :(.
 
Bugeye

Bugeye

Well-Known Member
UncleBuck said:
So demand is so important that you should be willing to burn through capital to create it

Why don’t you just make tty’s argument for him?
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If the IRR exceeds the cost of capital (WACC) it is a good move. If not, bad move. Pretty simple.
 
Rob Roy

Rob Roy

Well-Known Member
Budley Doright said:
I work to support my lifestyle, I have to. Does that make me a slave? I think it does according to Rob because if I had my option I would rather not work to support it, that means I’m a slave. But I guess I’m a slave to my wants :(.
We’re all slaves to something :(.
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That's not a very good characterization of "what Rob thinks".

Slavery usually involves a lack of choice enforced by other people. Circumstances which involve supporting yourself I don't consider slavery. I consider other people imposing their will on you, as a more apt description of slavery. Think animate versus inanimate.

You're welcome. Please carry on.
 
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Rob Roy

Rob Roy

Well-Known Member
Fogdog said:
He believes without any need for evidence or facts to verify his belief. Hard to argue with a religious conviction.
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I bet you can't respond to my offer of proof (below) with any kind of actual rebuttal.

What is the sum of 0 + 0 + 0 ad finitum ?

It is still zero.

If you have no right to do X , then joining with other people to aggregate your sum of zero right to do something that none of the people you are joining with have a right to do either, is impossible. A sum of zero (rights) cannot produce anything other than zero rights.

Except you don't believe that, because you have been indoctrinated. You exempt the people that you consider "government" , even after the evidence is clear. That's quite a semi religious superstitious belief you hold.

Yes, it IS hard to argue with YOUR religious conviction.

Still winning. (again) Yawn.
 
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Rob Roy

Rob Roy

Well-Known Member
Budley Doright said:
Seed money (and yes this is where the wealthy come to play lol), if that is what you mean by capital, is required, but hopefully the customers, the cash flow they generate will provide the capital to promote, grow, your business. Most of the larger companies today are based less on actually infrastructure and more on intellectual property, patents, trademarks, etc. The need for meaningful, skilled labor is a disappearing need. This brings us back to the question, is there a need for a living wage.
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Intellectual property is a slippery slope and the term itself is sort of oxymoronic.

I like that you asked the question, "is there a need for a living wage" .
 
Buddha2525

Buddha2525

Well-Known Member
Rob Roy said:
Intellectual property is a slippery slope and the term itself is sort of oxymoronic.

I like that you asked the question, "is there a need for a living wage" .
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Chegg texbooks and Hollister Clothes really care about who lives and dies, they advertise on:

http://www.worldometers.info

Apparently they know researchers and college students want cheap books after buying expensive clothes.

I always thought it was funny how you pay to go to a college, pay for books, and you then need to pay for previous thesis too to research what someone else paid for to research. Although the universities don't pay those who write the thesis you pay for.
 
ttystikk

ttystikk

Well-Known Member
Budley Doright said:
What is your definition of wealthy, it’s an honest question, I’m just curious as to what you classify as wealthy. My definition of wealthy is the ability to support your lifestyle you’re accustom to even if your not working by choice/or not, more of a happy than wealthy I guess. By that definition, a living wage would provide wealth for some. And I agree anytime there is corruption democracy takes a hit. The amount of money involved is really the determining factor of the damage inflicted. The unfortunate part of this is, nothing will change, votes have been bought one way or another since the dawn of democracy (I use that term loosely).
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The one in 1000 richest in the country.
 
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