[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

"Analysis: The Final State of the Presidential Race"

He’ll, You Pieces of Garbage

The Future of Warfare -- No more martyrdom!

"Kamala’s Inane Talking Points"

"The Harris Campaign Is Testament to the Toxicity of Woke Politics"

Easy Drywall Patch

Israel Preparing NEW Iran Strike? Iran Vows “Unimaginable” Response | Watchman Newscast

In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind"

Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’

Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens

Presidential race: Is a Split Ticket the only Answer?

hurricanes and heat waves are Worse

'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic

Joe Rogan Experience #2219 - Donald Trump

IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons

Gallant: ‘After we strike in Iran,’ the world will understand all of our training

The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses

Six Al Jazeera journalists are Hamas, PIJ terrorists

Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general

Iran's Assassination Program in Europe: Europe Goes Back to Sleep

Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA.

Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report

Israel kills head of Hezbollah Intelligence.

Tenn. AG reveals ICE released thousands of ‘murderers and rapists’ from detention centers into US streets

Kamala Harris Touts Mass Amnesty Offering Fast-Tracked Citizenship to Nearly Every Illegal Alien in U.S.

Migration Crisis Fueled Rise in Tuberculosis Cases Study Finds

"They’re Going to Try to Kill Trump Again"

"Dems' Attempts at Power Grab Losing Their Grip"

"Restoring a ‘Great Moderation’ in Fiscal Policy"

"As attacks intensify, Trump becomes more popular"

Posting Articles Now Working Here

Another Test

Testing

Kamala Harris, reparations, and guaranteed income

Did Mudboy Slim finally kill this place?

"Why Young Americans Are Not Taught about Evil"

"New Rules For Radicals — How To Reinvent Kamala Harris"

"Harris’ problem: She’s a complete phony"

Hurricane Beryl strikes Bay City (TX)

Who Is ‘Destroying Democracy In Darkness?’

‘Kamalanomics’ is just ‘Bidenomics’ but dumber

Even The Washington Post Says Kamala's 'Price Control' Plan is 'Communist'

Arthur Ray Hines, "Sneakypete", has passed away.

No righT ... for me To hear --- whaT you say !

"Walz’s Fellow Guardsmen Set the Record Straight on Veep Candidate’s Military Career: ‘He Bailed Out’ "

"Kamala Harris Selects Progressive Minnesota Governor Tim Walz as Running Mate"

"The Teleprompter Campaign"

Good Riddance to Ismail Haniyeh

"Pagans in Paris"

"Liberal groupthink makes American life creepy and could cost Democrats the election".


Status: Not Logged In; Sign In

Economy
See other Economy Articles

Title: Doug Smith: The Maximum Wage
Source: Naked Capitalism
URL Source: http://www.nakedcapitalism.com/2011 ... ug-smith-the-maximum-wage.html
Published: Jul 12, 2011
Author: Doug Smith
Post Date: 2011-07-12 10:54:37 by lucysmom
Keywords: None
Views: 19822
Comments: 35

We face severe and growing income inequality with negative effects on people and the economy. Yet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage. These self-promoting haters actually prefer no wages and indentured servitude – for example using prisoners to replace employees and cheerfully promoting ‘internships’ for the unemployed.

They glory in income inequality and wish it to expand instead of contract. Enough of that. They are destroyers of the American Dream.

But people who seek to shrink income inequality — to insure life, liberty and the pursuit of happiness for all and not just some — must now focus as much on the maximum wage as the minimum wage.

snip

For those, however, receiving bailouts, deposit insurance, government guarantees, tax breaks, tax credits, other forms of public financing, government contracts of any sort – and so on – the top paid person cannot receive more than twenty-five times the bottom paid person. This ratio, by the way, is what business visionary Peter Drucker recommended as most effective for organization performance as well as society. It also echoes Jim Collins who, in his book Good To Great, found that the most effective top leaders are paid more modestly than unsuccessful ones. And, critically, it is a ratio that is in line with various European and other nations that have dramatically lower income inequality than the United States.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0)

On Value and Values: Thinking Differently About We In An Age Of Me

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-12   11:09:58 ET  Reply   Trace   Private Reply  


#2. To: lucysmom (#1)

The minimum and maximum wage should be shoved up some liberals ass until it bleeds.

A K A Stone  posted on  2011-07-12   11:11:25 ET  Reply   Trace   Private Reply  


#3. To: A K A Stone (#2)

The minimum and maximum wage should be shoved up some liberals ass until it bleeds.

Thank you for your well reasoned and thoughtful reply.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-12   11:16:48 ET  Reply   Trace   Private Reply  


#4. To: lucysmom (#0) (Edited)

– the top paid person cannot receive more than twenty-five times the bottom paid person.

It irks me that some CEOs make more in one day than their underlings make in one year. You may accuse me of class envy, but I see it as unfair and unhealthy.

Next month two guys I know will lose their jobs they've had for nearly 25 years. Their operation is being passed on to a major contractor. They could apply for jobs with the new organization, but of course they'd get lower pay and fewer benefits. It ain't fair.

Fred Mertz  posted on  2011-07-12   11:17:07 ET  Reply   Trace   Private Reply  


#5. To: lucysmom (#3)

No one has the right to tell someone that there is a maximum they can earn. Anyone supporting such a notion should be shot.

A K A Stone  posted on  2011-07-12   11:19:23 ET  Reply   Trace   Private Reply  


#6. To: lucysmom (#0)

Yet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage.

They only made it to the second sentence, before falling flat on their faces.

This article goes back to the D vs. R false dichotomy, which can only result in nonsensical conclusions.

Thus, there is only logical conclusion to your posting of this article:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
-- Joseph Goebbels --

The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.

Capitalist Eric  posted on  2011-07-12   11:23:37 ET  (1 image) Reply   Trace   Private Reply  


#7. To: Fred Mertz (#4)

You may accuse me of class envy, but see it as unfair and unhealthy.

It's not only unfair, it doesn't work - didn't work before, isn't working now.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-12   11:47:24 ET  Reply   Trace   Private Reply  


#8. To: A K A Stone (#5)

No one has the right to tell someone that there is a maximum they can earn. Anyone supporting such a notion should be shot.

And yet it's done all the time.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-12   11:48:36 ET  Reply   Trace   Private Reply  


#9. To: Capitalist Eric (#6)

Thus, there is only logical conclusion to your posting of this article:

Eric think he need post irrelevant pictures to his god(s)in lieu of actual blood sacrifice. The problem is... when will he know when god is appeased?

mininggold  posted on  2011-07-12   11:54:09 ET  Reply   Trace   Private Reply  


#10. To: lucysmom (#0)

These self-promoting haters

Stopped reading when I hit the above line.

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-07-12   12:58:23 ET  Reply   Trace   Private Reply  


#11. To: Badeye (#10)

Stopped reading when I hit the above line.

And thus the path to ignorance is revealed.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-12   13:15:43 ET  Reply   Trace   Private Reply  


#12. To: lucysmom (#11)

Stopped reading when I hit the above line. And thus the path to ignorance is revealed.

Yep, he demonstrate both ignorance and blind hate politically.

How bout that, we agree twice today...

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-07-12   13:19:11 ET  Reply   Trace   Private Reply  


#13. To: lucysmom (#0)

This has to be the dumbest rant I've ever read. Brain dead leftist loser.


Stupid, stubborn and stoned is no way to go through life

jwpegler  posted on  2011-07-12   14:27:30 ET  Reply   Trace   Private Reply  


#14. To: jwpegler, lucysmom (#13) (Edited)

This has to be the dumbest rant I've ever read. Brain dead leftist loser.

Then it should be easy for you with your self proclaimed 'vastly superior intelligence' and army of statistics at your beck and call, to refute it then.

mininggold  posted on  2011-07-12   14:35:50 ET  Reply   Trace   Private Reply  


#15. To: mininggold (#14) (Edited)

Ok I admit it. Our secret plan is to put everyone into indentured servitude and then eat their children. That's the way to move forward.

What a dipshit.


Stupid, stubborn and stoned is no way to go through life

jwpegler  posted on  2011-07-12   15:11:12 ET  Reply   Trace   Private Reply  


#16. To: mininggold, jwpegler, lucysmom, Badeye, A K A Stone, Hondo68 (#9)

Keep bleating loonymom... Oh, I forgot, you're now whining-old.

When do you switch to another screen-name, so you can continue to have a "conversation?"

Whether this hour you're loonymom, whining-old or some OTHER screen-name (gobsheit, perhaps?), it's ALL the same stuff you post: "Socialism GOOD, freedom-lovers BAAAAAAAAAAAAAAAAAD."

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
-- Joseph Goebbels --

The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.

Capitalist Eric  posted on  2011-07-12   17:12:24 ET  (1 image) Reply   Trace   Private Reply  


#17. To: Capitalist Eric (#16)

Keep bleating loonymom... Oh, I forgot, you're now whining-old.

When do you switch to another screen-name, so you can continue to have a "conversation?"

Whether this hour you're loonymom, whining-old or some OTHER screen-name (gobsheit, perhaps?), it's ALL the same stuff you post: "Socialism GOOD, freedom-lovers BAAAAAAAAAAAAAAAAAD."

Was it you that recommended reading Richard Weaver?

..."devil terms" are the mirror image, and include words such as Communist and Un-American (Weaver 222-23). Rhetoric, Weaver argued, must employ such terminology only with care. Employing ethical rhetoric is the first step towards rejecting vague terminology with propagandistic value (Johannesen 27). Upon hearing a "god" or "devil" term, Weaver suggested that a listener should "hold a dialectic with himself" to consider the intention behind such persuasive words (Weaver 232). He concluded that "a society's health or declension was mirrored in how it used language" (Young 151). If a language is pure, so too will be those who employ it. Wikipedia

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-12   19:31:43 ET  Reply   Trace   Private Reply  


#18. To: Capitalist Eric (#16)

When do you switch to another screen-name, so you can continue to have a "conversation?"

She's actually talking to herself on another thread. It's hilarious.


Stupid, stubborn and stoned is no way to go through life

jwpegler  posted on  2011-07-13   12:47:30 ET  Reply   Trace   Private Reply  


#19. To: jwpegler (#18)

She's actually talking to herself on another thread. It's hilarious.

If you are going to strive to be a school teacher you need to be able to discern differences otherwise the students will have you for dinner. They would already be mocking your ignorant statement, and planning on baiting another trap.

mininggold  posted on  2011-07-13   12:52:42 ET  Reply   Trace   Private Reply  


#20. To: mininggold, jwpegler (#19)

She's actually talking to herself on another thread. It's hilarious.

Obviously he has no ear for voice.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-13   12:59:14 ET  Reply   Trace   Private Reply  


#21. To: lucysmom, jwpegler (#20)

Obviously he has no ear for voice.

It would be easy to fool that one, he's so childlike.

mininggold  posted on  2011-07-13   13:02:03 ET  Reply   Trace   Private Reply  


#22. To: mininggold (#21)

Not even fair to try.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-13   13:05:34 ET  Reply   Trace   Private Reply  


#23. To: lucysmom (#22)

Not even fair to try.

Fooling someone else only fools one's self.

mininggold  posted on  2011-07-13   13:15:51 ET  Reply   Trace   Private Reply  


#24. To: mininggold (#23)

Fooling someone else only fools one's self.

Certainly if one's goal is to lead an authentic life.

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-13   13:20:14 ET  Reply   Trace   Private Reply  


#25. To: Capitalist Eric (#16)

She has continued to talk to herself starting here.

Is it multiple personality disorders, or just the lack of getting laid???

Inquiring minds want to know.


Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin

jwpegler  posted on  2011-07-13   16:44:39 ET  Reply   Trace   Private Reply  


#26. To: jwpegler, Capitalist Eric, mininggold (#25)

Is it multiple personality disorders...

Or maybe it's two personalities each inhabiting a separate body - now that's a thought.

...just the lack of getting laid???

Projecting again?

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-13   16:55:53 ET  Reply   Trace   Private Reply  


#27. To: lucysmom (#26) (Edited)

Projecting again?

I have a beautiful, smart and ambitious wife... And three really smart and beautiful daughters (15, 9, and 3). We're trying for child #4.

I wish I got laid every night. I have to settle for 3 to 4 times a week.

Again, you have no idea about who I am or what I do.

I'm on this board between meetings and phone calls because I need some conflict in my life and I don't want conflict in my business or family. This is therapy for me.

I was in Detroit last week on vacation. I was in Houston Monday and Tuesday on business. I even posted on this board from my "Windows Phone 7" at the Fox Skybox at gate E16 in the Bush airport yesterday before I got on my flight to Seattle.

I don't always agree with Capitalist Eric, but I learn things from him. Learning is valuable to me. I wish that learning were valuable to you. Unfortunately, it's not. Shame on you. I loved fighting with go65, because at least he attempted to post something that was coherent. I sometimes learned from g065. I've learned nothing from you.

You, your alter ego (min- intellect), and Gooberdork are a complete waste of time.


Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin

jwpegler  posted on  2011-07-13   17:13:23 ET  Reply   Trace   Private Reply  


#28. To: Capitalist Eric (#27)

ping


Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin

jwpegler  posted on  2011-07-13   17:27:47 ET  Reply   Trace   Private Reply  


#29. To: jwpegler (#28)

It used to be the leftists that had bumper-stickers that said things like "Question Authority.'

Now, however, her bumper-sticker sports an ob@m@ sticker, and she follows Orwells' mottos:

War is peace.
Freedom is slavery.
Ignorance is strength.

Because she- as well as gobsheit, brian s. and the others- believe the telescreen, and blindly believe (dare I say "love"?) Big Brother, they naively believe that the war against individuality, selfishness and anybody profiting from the fruits of their labors, will lead to a Utopian world, where all will be treated equally and fairly. She believes the socialist/communist model will prevail, and things like competition, pride and profit, are evil things to be banished.

Their dreamed-of Utopia, will in reality be a Dystopian nightmare... And in their ignorance, they will fight to bring about this nightmare, and sacrifice everyone, and everything except themselves, to make it happen.

Stephen King once observed,

The beauty of religion mania is that it has the power to explain everything. Once God (or Satan) is accepted as the first cause of everything which happens in the mortal world, nothing is left to chance…or change. Once such incantatory phrases as “we see now through a glass darkly” and “mysterious are the ways He chooses His wonders to perform” are mastered, logic can be happily tossed out the window. Religious mania is one of the few infallible ways of responding to the world’s vagaries, because it totally eliminates pure accident. To the true religious maniac, it’s all on purpose."

This describes LM/ming, brianS, gobsheit, skippy, go56 and the rest of them are... They will ignore logic and "common sense." They will ignore reality.

Because they are religious zealots...

Their God... is the state.

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
-- Joseph Goebbels --

The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.

Capitalist Eric  posted on  2011-07-13   18:35:33 ET  Reply   Trace   Private Reply  


#30. To: jwpegler (#27)

I'm on this board between meetings and phone calls because I need some conflict in my life and I don't want conflict in my business or family. This is therapy...yada, yada, yada

and I'm the Queen of Sheba

Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.

lucysmom  posted on  2011-07-13   18:41:13 ET  Reply   Trace   Private Reply  


#31. To: Capitalist Eric (#29) (Edited)

Yep, the government is their god because they are incapable of thinking for themselves. They need and desire someone to take care of them, because they don't have the moral character to take care of themselves.

Here's what cracks me up -- the left believes in evolution yet they exhibit the very behavior that would have selected themselves out of the evolutionary gene pool.

If evolution is correct, the left should be on death row.

I suspect that they are on death row. Yahoo...


Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin

jwpegler  posted on  2011-07-13   19:59:02 ET  Reply   Trace   Private Reply  


#32. To: jwpegler (#27) (Edited)

have a beautiful, smart and ambitious wife... And three really smart and beautiful daughters (15, 9, and 3). We're trying for child #4.

I wish I got laid every night. I have to settle for 3 to 4 times a week.

Again, you have no idea about who I am or what I do.

Yada yada yada. You internet warriors are a dime a dozen. I can see with your lack of discretion, why you had to go the mail order bride route though.

mininggold  posted on  2011-07-13   21:41:43 ET  Reply   Trace   Private Reply  


#33. To: A K A Stone (#2)

The minimum and maximum wage should be shoved up some liberals ass until it bleeds.

I would bet it already does....

When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!!

CZ82  posted on  2011-07-14   6:36:23 ET  (1 image) Reply   Trace   Private Reply  


#34. To: mininggold, jwpegler (#32)

I can see with your lack of discretion, why you had to go the mail order bride route though.

Surely you understand statistical process control (SPC) methodologies, yes? While the sample population may include 10 million individuals, when you take a "sample" of only one or two hundred, and they are all rejects, then the logical conclusion is that the vast majority will be, and that further sampling of the population would be a waste of time.

Many REAL men reject the stereotypical "Western" woman- materialistic, stupid and brainwashed by feminazi propaganda.

A man talks to his friends, sees the looks on their faces, as they describe how they married some American woman- and are now nagged by some fat bitch bimbo, with the "what have you done for me lately?" attitude, and a demand that you must "love me for how I am..." Yeah, all 250#!

Get real.

You post such bullshit comments, because you're annoyed that any man would dare to call you out for being unacceptable. What makes it so amusing, is that you fancy yourself as being above that, but your comments clearly indicate otherwise.

Your attacks of jwpegler have nothing to do with him: they've everything to do with you.

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
-- Joseph Goebbels --

The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.

Capitalist Eric  posted on  2011-07-14   19:08:05 ET  Reply   Trace   Private Reply  


#35. To: Capitalist Eric (#34) (Edited)

I've been in 26 countries. I've been to many countries 20+ times each.

When I was going through my divorce, I was on Match.com. I dated 55 women in a year. (seriously) But it was even worse than that. I dated one woman for 4 months and another woman for 2 months. I dumped them because they were just too needy. So, I went out with 53 woman in 6 months. I just wasn't finding anyone interesting.

I was at the Seattle Mariners game one day with a couple of friends who had gotten divorced before I did. They said: "you've been all over the world, so why are you limiting yourself to women in Seattle???".

They were right.

So, I starting approaching this like I approach my business -- by setting some goals and figuring out how to accomplish the goals. I like Asian women. I also needed to have someone who was really smart, ambitious, and family-oriented. So, I expanded my search beyond Match.com. I found the woman of my dreams in an Asian country that I've done a lot of business in.

We've been married for 4 years. We have a 3 year old daughter, in addition to my 9 and 15 year old daughters. My oldest daughters love my wife. She is the best thing that's happened to our family. We're working on another child.

My wife and I are both small business owners. We both have dreams and plans to grow our small businesses into really big businesses. We are so very happy...

I'm 52 years old. My 30s and 40s were great from an economic perspective, but not as good from a family perspective. Now I'm looking forward to the best decade of my life with success in both business and family.


Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin

jwpegler  posted on  2011-07-14   21:33:44 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com