Good video, figured it was worth some discussion.
If you guys want to take about topics such as livable minimum wage that's fine in this thread too.

Quote

Not only is that missing massive variables, it's an argument against food stamps, not wages. No one is forcing people to work at Wal-Mart, and you could easily live on $8 an hour. Once again, the problem is the government itself. They've destroyed the economy beyond repair. Raising wages would make things slightly better temporarily, but things would become much worse later on as it's ignoring the actual problem.

Why do I get the feeling that you didn't even watch the video?
And no, no one can live on just $8 an hour. That's impossible. Good luck getting past monthly rent.

Quote from: Nuka on October 18, 2014, 09:01:57 PM

Quote from: Camnator on October 18, 2014, 09:00:28 PM

Quote

Not only is that missing massive variables, it's an argument against food stamps, not wages. No one is forcing people to work at Wal-Mart, and you could easily live on $8 an hour. Once again, the problem is the government itself. They've destroyed the economy beyond repair. Raising wages would make things slightly better temporarily, but things would become much worse later on as it's ignoring the actual problem.

Why do I get the feeling that you didn't even watch the video?
And no, no one can live on just $8 an hour. That's impossible. Good luck getting past monthly rent.

I did watch it.

Who said anything about rent? I said you could live on $8, not live luxuriously. No one owes you anything. Theft is not the answer.

Uh, hello? How do you expect to live in the real world if you're not paying things like monthly rent, food, electricity, water, and any other monthly bills you get? Minimum wage alone in most places isn't even enough to get past basic rent. That's why people are forced to get food stamps.

Quote from: Nuka on October 18, 2014, 09:05:56 PM

Uh, hello? How do you expect to live in the real world if you're not paying things like monthly rent, food, electricity, water, and any other monthly bills you get? Minimum wage alone in most places isn't even enough to get past basic rent. That's why people are forced to get food stamps.

I do just fine. It's called working hard and relying on yourself rather than being dependent on others. These things are unaffordable BECAUSE of things like food stamps and government existing. Humanity survived most of our time as a species with none of those things. It's called living off of the land.

So you're suggesting that people just live on the streets then.
You can leave this thread now, because you're not worth talking to.

Flawed thinking. I was going to post something but saw a comment in the comment sections that explains what I was going to state more clearly:

You can prove anything with statistics. Even more so when you look at ONE corporation, in ONE state and then try to extrapolate that against the whole country. I know you mean well but the reality is far more complex than this.

There's also non wage costs associated with hiring employees that this study is not taking into account
http://fitsmallbusiness.com/fica-taxes-unemployment-insurance-and-workers-comp/

It's Walmart, they wouldn't cut prices. It's the only thing keeping them ahead of competitors. They'd cut positions, hours, holiday staffing, insurance, and raises.

I was working in a grocery store when AZ increased the minimum wage to $7.65 from $7.25, and the new contract did exactly that. It's not necessarily the company being greedy -- retail is incredibly marginal and competitive, and even a slight increase in price is enough to drive a significant portion of the market to a competitor.

hm, dats kewl, good thing i dunt wurk @ walmart or pey taxs. u fkin jely fgts? Sweg v Sweg me irl m80

u wot m8?
fite meh n reel lyfe

This is a video designed for people that don't know anything about how the economy and the market works.

Quote from: Nuka on October 18, 2014, 09:01:57 PM

Quote from: Camnator on October 18, 2014, 09:00:28 PM

Quote

Not only is that missing massive variables, it's an argument against food stamps, not wages. No one is forcing people to work at Wal-Mart, and you could easily live on $8 an hour. Once again, the problem is the government itself. They've destroyed the economy beyond repair. Raising wages would make things slightly better temporarily, but things would become much worse later on as it's ignoring the actual problem.

Why do I get the feeling that you didn't even watch the video?
And no, no one can live on just $8 an hour. That's impossible. Good luck getting past monthly rent.

I did watch it.

Who said anything about rent? I said you could live on $8, not live luxuriously. No one owes you anything. Theft is not the answer.

Well, technically someone could live making nothing, but it would be a really hard life.

This video is missing a huge amount of extraneous variables. Probably the most infantile view on economics I've ever seen.

Quote from: Nuka on October 18, 2014, 09:01:57 PM

Quote from: Camnator on October 18, 2014, 09:00:28 PM

Quote

Not only is that missing massive variables, it's an argument against food stamps, not wages. No one is forcing people to work at Wal-Mart, and you could easily live on $8 an hour. Once again, the problem is the government itself. They've destroyed the economy beyond repair. Raising wages would make things slightly better temporarily, but things would become much worse later on as it's ignoring the actual problem.

Why do I get the feeling that you didn't even watch the video?
And no, no one can live on just $8 an hour. That's impossible. Good luck getting past monthly rent.

I did watch it.

Who said anything about rent? I said you could live on $8, not live luxuriously. No one owes you anything. Theft is not the answer.

Have you even tried living on $8?  When I first started at Walmart I was making under $9 and worked an average of maybe 30 hours a week.  I wouldn't even be able to live by myself, and even if I had roomates they'd most likely be having to dish out larger portions of rent money, or I'd have to spend all my money on rent/car payments and wait until the next paycheck to even think about food.

After three years, I'm a little bit luckier.  Only a little.  I just hit the $10.60 mark (mainly because of a yearly raise and jumpstarting to a level 4 position) but after taxes, car payments, health insurance, rent, and putting fuel in my car, I'll be lucky to have a quarter of a shopping cart of groceries.