Economics is a harsh mistress

[jakee 1,254]

1 hour ago, turtlespeed said:

Hello Pot, I'm Kettle . . . Why are you calling me black?

So again, your only response to having it pointed out that you keep using the false balance fallacy is to use the false balance fallacy. Just like there's no basis to assume Obama did the same things as Trump, there's no basis to assume anyone else here is as biased as you.

[turtlespeed 212]

2 hours ago, jakee said:

So again, your only response to having it pointed out that you keep using the false balance fallacy is to use the false balance fallacy. Just like there's no basis to assume Obama did the same things as Trump, there's no basis to assume anyone else here is as biased as you.

That's funny.

[jakee 1,254]

8 hours ago, turtlespeed said:

That's funny.

That's sad.

 

You claim to want to get better but have no interest in correcting any of the partisan bias you still display. You just excuse it by telling yourself you're only doing what everyone else does, even when deep down you know how dishonest that is. 

[kallend 1,622]

11 hours ago, jakee said:

So again, your only response to having it pointed out that you keep using the false balance fallacy is to use the false balance fallacy. Just like there's no basis to assume Obama did the same things as Trump, there's no basis to assume anyone else here is as biased as you.

Oh, I admit to being biased against pathological liars ( >12,000 since inauguration), frauds (Trump U), cheats, promise breakers, sexual predators, draft dodgers, and arrogant self-promoting narcissists, especially when all rolled into one person. 

Edited October 30, 2019 by kallend
Edited to add that I probably forgot a few things too.

[wolfriverjoe 1,340]

If you posted the entire list, we'd be here a long, long, looooong time, Professor.

[turtlespeed 212]

7 hours ago, jakee said:

That's sad.

 

You claim to want to get better but have no interest in correcting any of the partisan bias you still display. You just excuse it by telling yourself you're only doing what everyone else does, even when deep down you know how dishonest that is. 

That is patently incorrect.

[jakee 1,254]

2 hours ago, turtlespeed said:

That is patently incorrect.

It's almost everything you've written in the past week. Rampant bias, rampant hypocrisy, and the arrogance to lecture others on how to avoid the same partisanship you're still wallowing in.

Edited October 30, 2019 by jakee

[SkyDekker 1,121]

2 hours ago, turtlespeed said:

That is patently incorrect.

Maybe, but based on what we can observe here, it is totally true.

[kallend 1,622]

Harsh mistress indeed:

https://www.cnn.com/2019/10/29/business/murray-energy-bankruptcy/index.html?fbclid=IwAR3DcOgWbrG9KM62nM7flqxm_U9Mvy2wER0ca25xzatmUmQrGONuairBVaE

[JoeWeber 2,297]

4 hours ago, kallend said:

Harsh mistress indeed:

https://www.cnn.com/2019/10/29/business/murray-energy-bankruptcy/index.html?fbclid=IwAR3DcOgWbrG9KM62nM7flqxm_U9Mvy2wER0ca25xzatmUmQrGONuairBVaE

Who could have seen that coming? Damn "cheap natural gas and the plunging cost of solar, wind and other forms of renewable energy."

[normiss 622]

GOP tax "cuts" didn't work

Republicans said the tax reform would grow the economy by up to 6 percent, stimulate business investment, and pay for itself.

None of that happened.

[kallend 1,622]

30 percent of net farm income this year is expected to come from direct government payments (including the bailouts Trump offered farmers in an attempt to buy their silence on his trade wars) and federal insurance indemnities.

Farm bankruptcies up 24%.

Thanks, Trump.

 

[brenthutch 383]

https://www.washingtonpolicy.org/publications/detail/harvard-study-finds-increased-minimum-wages-contribute-to-restaurant-failures-in-californias-bay-area

"According to the Harvard study data, a $1 increase in the minimum wage leads to an alarming 14% increase in the likelihood of closure for a restaurant"

 

Edited December 18, 2019 by brenthutch

[SkyDekker 1,121]

5 hours ago, brenthutch said:

https://www.washingtonpolicy.org/publications/detail/harvard-study-finds-increased-minimum-wages-contribute-to-restaurant-failures-in-californias-bay-area

"According to the Harvard study data, a $1 increase in the minimum wage leads to an alarming 14% increase in the likelihood of closure for a restaurant"

 

Wonder if they normalized for increases in property taxes during that same timeframe?

[DJL 232]

On 12/18/2019 at 7:47 AM, brenthutch said:

https://www.washingtonpolicy.org/publications/detail/harvard-study-finds-increased-minimum-wages-contribute-to-restaurant-failures-in-californias-bay-area

"According to the Harvard study data, a $1 increase in the minimum wage leads to an alarming 14% increase in the likelihood of closure for a restaurant"

 

I'm sorry to say but if your margin tipped towards failure is $1 per employee hour then you're already terrible at business.  I've been involved in many restaurants on the side of design and construction and I can say with confidence that independent restaurant owners are the absolute worst at business.  I've seen them get cancelled mid-construction because the owner was clueless about what they were trying to do.

[brenthutch 383]

That was the situation before the minimum wage increase, the only relevant variable.

"The losers are the less expensive and lower-ranked restaurants and its employees who increasingly find themselves at risk of losing their job, which makes it even more difficult for them to garner the experience and learn the skills they need to compete for the better paying jobs at the higher quality restaurants (which according to the Harvard study come with the added benefit of much greater job security).  Also losing are the new workers trying to enter the job market with little or no skills or experience—they have fewer job opportunities altogether because new restaurants were not opened at all.  Also losing are the diners who find themselves with fewer lost cost dining choices.

Last year, before signing California’s landmark $15 minimum wage bill, Governor Jerry Brown acknowledged that, “economically, minimum wages may not make sense.”  The results of the Harvard study are proving him right."

The first rung on the ladder to a better life was just kick out from under the less fortunate. Of course that was the goal from the beginning, keep the poor poor and force them to depend on government handouts for their existence ensuring they continue to vote D.

https://www.bing.com/videos/search?q=obama+bragging+about+food+stamps&view=detail&mid=458608B295060A0EE5AF458608B295060A0EE5AF&FORM=VIRE

Edited December 19, 2019 by brenthutch

[JoeWeber 2,297]

On 12/18/2019 at 8:47 AM, brenthutch said:

https://www.washingtonpolicy.org/publications/detail/harvard-study-finds-increased-minimum-wages-contribute-to-restaurant-failures-in-californias-bay-area

"According to the Harvard study data, a $1 increase in the minimum wage leads to an alarming 14% increase in the likelihood of closure for a restaurant"

 

So then if you reduce the pay of your already underpaid employees 3 bucks an hour they'll have a 42% better chance of having a crappier life? For sure they'll vote yes.

Edited December 19, 2019 by JoeWeber

[SkyDekker 1,121]

39 minutes ago, brenthutch said:

the only relevant variable.

You know this how?

39 minutes ago, brenthutch said:

The first rung on the ladder to a better life was just kick out from under the less fortunate. Of course that was the goal from the beginning, keep the poor poor and force them to depend on government handouts for their existence ensuring they continue to vote D.

I thought unemployment is at record lows?

[brenthutch 383]

CA unemployment rate 4.0% national unemployment rate 3.5%.  

[SkyDekker 1,121]

3 minutes ago, brenthutch said:

CA unemployment rate 4.0% national unemployment rate 3.5%.  

Unemployment has been falling since the introduction and increases in minimum wage.

[brenthutch 383]

Yes it has but just not as fast and not as far as areas that did not raise the minimum wage.  Proving the point.

 

Edited December 19, 2019 by brenthutch

[SkyDekker 1,121]

33 minutes ago, brenthutch said:

Yes it has but just not as fast and not as far as areas that did not raise the minimum wage.  Proving the point.

 

That's not really true either. They have actually done better in reducing their unemployment.

[brenthutch 383]

Ok California wins the “we still suck but not as bad as we used to” award.

[SkyDekker 1,121]

22 minutes ago, brenthutch said:

Ok California wins the “we still suck but not as bad as we used to” award.

Yeah that's not correct either.

You are good at being wrong, I'll give you that.

[kallend 1,622]

4 minutes ago, SkyDekker said:

Yeah that's not correct either.

You are good at being wrong, I'll give you that.

Practice makes perfect.