Do They Teach Anything In Institutes of Higher Learning?

[esmith]

It depends on what is being counted.
If "fully employed" is considered "works at least 40 hours per week", someone stuck working 2 low wage, no benefits, part-time jobs counts. Even though that's not what most people want.

There's lies, damn lies, and then statistics!
Tom

What???? I think you should reconsider your above post From: Employment - Employment rate - OECD Data

Employment rates are defined as a measure of the extent to which available labour resources (people available to work) are being used. They are calculated as the ratio of the employed to the working age population. Employment rates are sensitive to the economic cycle, but in the longer term they are significantly affected by governments' higher education and income support policies and by policies that facilitate employment of women and disadvantaged groups. Employed people are those aged 15 or over who report that they have worked in gainful employment for at least one hour in the previous week or who had a job but were absent from work during the reference week. The working age population refers to people aged 15 to 64. This indicator is seasonally adjusted and it is measured in terms of thousand persons aged 15 and over; and as a percentage of working age population.

In addition
Employment Situation Summary

 

[sealchan]

So, as usual people come up with ideas but have no idea how to implement it.
As in the above.
How would you determine the regions?
How would you divide the regions?
How would you determine the cost of living?
How would you "enforce" your minimum wage on a "private" company?

On other points.
Do you think that say a student that say works at a fast food restaurant should make minimum wage? If so why do you think so.
Do you think that say a waitress wage should include "tip" money?
Why do you want the government to dictate to a private company the wages they pay. Do you not think that it would be wiser to allow the wages to seek a value based on supply and demand.

The reasons are that historically supply and demand alone will adjust to an unjust level. The economy is a system whose stability requires the willing participation of its members. Historically, without collective representation of the common worker, wealth tends to pool excessively beyond all reasonable merit of effort, ingenuity or morality into a tiny fraction of the population.

One role of government is to check the power of the rich from exploiting (by not giving due credit) to those that work to make them rich. That has been a time honored role in all modern democracies as far as I am aware.

 

[leibowde84]

Seems that education in our institutes of higher learning is either lacking or the students do not pay attention.
I really don't like to pick on the darling of the new left or the media ( ) but it seems that their poster child, Ocasio-Cortez needs to go back to do a little research before making a fool of herself (of course her admires do not have a clue she is wrong). She is reported to have graduated cum laude from Boston University's College of Arts and Sciences in 2011 with a bachelor's degree in international relations and economics. Now one would think she would know that the unemployment rate is not predicated on the number of jobs a person holds. However in her interview with PBS said the unemployment figures are low because everyone has two jobs.
Source
She is also a avowed democratic socialist. Now I just wonder if our high schools and institutes of higher learning even teach world history, or even current history anymore. If they did it would seem that they would mention the failure of past socialist governments like the USSR and the current socialist government of Venezuela.
Oh well I guess they only learn what the supposed professors want to teach(?)

Socialism and Communism are not the same thing. Ocasio-Cortez is in favor of certain socialist ideas, but she is in no way a communist. I am personally not a huge fan of her, and I am a Democrat. So, you are wrong on two counts. She is not our poster child ... she is on the fringe (far-left). And, she is not a communist. Seems that you might be the one in need of some education on the subject.

 

[esmith]

The reasons are that historically supply and demand alone will adjust to an unjust level. The economy is a system whose stability requires the willing participation of its members. Historically, without collective representation of the common worker, wealth tends to pool excessively beyond all reasonable merit of effort, ingenuity or morality into a tiny fraction of the population.

One role of government is to check the power of the rich from exploiting (by not giving due credit) to those that work to make them rich. That has been a time honored role in all modern democracies as far as I am aware.

You didn't answer the questions, all you did was expound a opinion.

 

[Revoltingest]

Socialism and Communism are not the same thing. Ocasio-Cortez is in favor of certain socialist ideas, but she is in no way a communist. I am personally not a huge fan of her, and I am a Democrat. So, you are wrong on two counts. She is not our poster child ... she is on the fringe (far-left). And, she is not a communist. Seems that you might be the one in need of some education on the subject.

We can't win.
She's your poster child.
Trump is the Republican poster child.
And we libertarians have Ayn Rand....we're opposed to all regulation & even government itself.

 

[sealchan]

You didn't answer the questions, all you did was expound a opinion.

I answered this question:

Do you not think that it would be wiser to allow the wages to seek a value based on supply and demand.

 

[metis]

Let's wait a couple of years and then say the tax cuts did or did not work. OK?

I doubt that we will have to wait that long, and it seems you're totally unaware of the well-established hoax that is "trickle-down economics", which G.H.W. Bush correctly labeled "voodoo economics". There can be and are exceptions to the rule, especially when dealing with recessions and depressions, but that certainly was not and is not the case here.

Most economists I've read and listened to think there are signs we will be slipping into at least somewhat of a recession probably by or during 2020, but not as deep as the Great Recession.

 

[sealchan]

We can't win.
She's your poster child.
Trump is the Republican poster child.
And we libertarians have Ayn Rand....we're opposed to all regulation & even government itself.

Ayn Rand is cool...

 

[esmith]

Socialism and Communism are not the same thing. Ocasio-Cortez is in favor of certain socialist ideas, but she is in no way a communist. I am personally not a huge fan of her, and I am a Democrat. So, you are wrong on two counts. She is not our poster child ... she is on the fringe (far-left). And, she is not a communist. Seems that you might be the one in need of some education on the subject.

I believe the Soviets considered themselves "socialist" did not USSR= Union of Soviet Socialist Republic (Soyuz Sovetskoy Sotsialisticheskoy Respubliki)
which was ruled by the CPSU Communist Party of the Soviet Union (Kommunisticheskaya partiya Sovetskogo Soyuza)

 

[sealchan]

I doubt that we will have to wait that long, and it seems you're totally unaware of the well-established hoax that is "trickle-down economics", which G.H.W. Bush correctly labeled "voodoo economics". There can be and are exceptions to the rule, especially when dealing with recessions and depressions, but that certainly was not and is not the case here.

Most economists I've read and listened to think there are signs we will be slipping into at least somewhat of a recession probably by or during 2020, but not as deep as the Great Recession.

The economy is a freight train and it takes time for course corrections to have their impact.

It is also a dynamic system which seeks equilibrium. What Trump did will probably push our economy (has pushed our economy) into less predictable cycles of erratic growth and decline. Slow and steady is the best in the long run. That was apparently how it was managed until the current administration came along.

The job market and the economy was a cover issue for voting for Trump who's main appeal to his base is his acceptance of all of the xenophobes favorite cover issues (including the economy (jobs) and immigration).

 

[esmith]

I doubt that we will have to wait that long, and it seems you're totally unaware of the well-established hoax that is "trickle-down economics", which G.H.W. Bush correctly labeled "voodoo economics". There can be and are exceptions to the rule, especially when dealing with recessions and depressions, but that certainly was not and is not the case here.

Most economists I've read and listened to think there are signs we will be slipping into at least somewhat of a recession probably by or during 2020, but not as deep as the Great Recession.

Again only time will tell.
Is The Economy Heading Into A Recession?

 

[Revoltingest]

Ayn Rand is cool...

Aye, but while she has some appealing thoughts,
she's a much demonized devil in the left's eyes.
The cause of all of what's wrong with Americastan,
you know....that horrid individualism & independence.
It causes airplane crashes, pollution, global warming,
poor people, & puppy deaths.

 

[sealchan]

Aye, but while she has some appealing thoughts,
she's a much demonized devil in the left's eyes.
The cause of all of what's wrong with Americastan,
you know....that horrid individualism & independence.

I guess I am the exception although I don't probably know the full extent of her philosophy and politics. I've read all her fiction works though.

She has been described as an INTJ personality type which is also my type. So she may be a bit deficient in her practical compassion in favor of a system in which intelligence applied elegantly and critically to a situation rules all.

 

[Woberts]

I believe the Soviets considered themselves "socialist" did not USSR= Union of Soviet Socialist Republic (Soyuz Sovetskoy Sotsialisticheskoy Respubliki)
which was ruled by the CPSU Communist Party of the Soviet Union (Kommunisticheskaya partiya Sovetskogo Soyuza)

The USSR was socialist, in the sense that the state still existed. That disqualifies it from the classical definition of communism. However, they were still Communist (note the capital 'c'). This denotes that the party in power was a Communist party.

 

[esmith]

The USSR was socialist, in the sense that the state still existed. That disqualifies it from the classical definition of communism. However, they were still Communist (note the capital 'c'). This denotes that the party in power was a Communist party.

No the ruling party was the Communist Party ruling a socialist state.

 

[Revoltingest]

I guess I am the exception although I don't probably know the full extent of her philosophy and politics. I've read all her fiction works though.

I think the fiction gives a reasonable window into her views.
The other books....a rather tedious read.

She has been described as an INTJ personality type which is also my type. So she may be a bit deficient in her practical compassion in favor of a system in which intelligence applied elegantly and critically to a situation rules all.

I grew up in a very liberal area, where many
hive mentality views dominated. Discovering
her works was a breath of fresh air.
I'd hate to meet her in a dark alley.

 

[Revoltingest]

No the ruling party was the Communist Party ruling a socialist state.

Even communist & socialist types interchange the names a lot.
The differences are largely theoretical. As applied, they seldom
seem to go from the socialist to the full blown communist state.
So I call'm all "commie" in casual conversation.

 

[Woberts]

No the ruling party was the Communist Party ruling a socialist state.

That's what I said.
There's a difference between capital 'c' Communism and lowercase 'c' communism.
A communist state is a state that practices the classical definition of communism, a Communist state is ruled by a Communist party.
I'm not sure why the terms are weird like that, but they are.

 

[9-10ths_Penguin]

Do you think that say a waitress wage should include "tip" money?

It would be illegal in most places for an employer to make a waitress's pay dependent on whether she flirted woth customers or wore tight clothing. Given that, do you think that most restaurant owners would want to take on the responsibility for making sure that total compensation - including tips - isn't based on any illegal criteria?

 

[esmith]

That's what I said.
There's a difference between capital 'c' Communism and lowercase 'c' communism.
A communist state is a state that practices the classical definition of communism, a Communist state is ruled by a Communist party.
I'm not sure why the terms are weird like that, but they are.

Yeah; you have an excellent point there.
And words ending in "ism", or "tic" get some people confused.