Minimum Wage Topic

I guess, on the vast internet, there are no websites where they discuss social issues.   Someone should create one. 
6/24/2014 10:38 AM
Posted by bad_luck on 6/24/2014 10:33:00 AM (view original):
Sure.

Demand is a necessary first, though.
What are the other factors that go into creating jobs?
6/24/2014 10:41 AM
Posted by MikeT23 on 6/24/2014 10:38:00 AM (view original):
I guess, on the vast internet, there are no websites where they discuss social issues.   Someone should create one. 
****. I forgot about the rule that requires you to participate in every single thread, even those started by people you say you've blocked.

My bad, I guess.
6/24/2014 10:45 AM
Posted by tecwrg on 6/24/2014 10:41:00 AM (view original):
Posted by bad_luck on 6/24/2014 10:33:00 AM (view original):
Sure.

Demand is a necessary first, though.
What are the other factors that go into creating jobs?
How specific do we really need to get here?

There's a restaurant that's usually half full. People in the area start going to the restaurant more often (for any of a million reasons). The restaurant hires more servers, cooks, and dishwashers to meet the increased demand.

That's pretty much it.
6/24/2014 10:51 AM
Those new restaurant employees increase demand at other businesses in the area.

And on and on.
6/24/2014 10:52 AM
At that point maybe a developer sees the demand for more housing and invests in an apartment complex.
6/24/2014 10:53 AM
Posted by bad_luck on 6/24/2014 10:51:00 AM (view original):
Posted by tecwrg on 6/24/2014 10:41:00 AM (view original):
Posted by bad_luck on 6/24/2014 10:33:00 AM (view original):
Sure.

Demand is a necessary first, though.
What are the other factors that go into creating jobs?
How specific do we really need to get here?

There's a restaurant that's usually half full. People in the area start going to the restaurant more often (for any of a million reasons). The restaurant hires more servers, cooks, and dishwashers to meet the increased demand.

That's pretty much it.
That's all that's involved in job creation?  Existing businesses hire a few more people to work in existing establishments?

Did you ace your final exam in Economics 101 at Retardville U with that essay?

6/24/2014 10:58 AM
Posted by bad_luck on 6/24/2014 10:53:00 AM (view original):
At that point maybe a developer sees the demand for more housing and invests in an apartment complex.
"invests".

That's an interesting concept.  Where is the investment capital coming from?  Is it coming from the lower class?
6/24/2014 11:00 AM
Posted by tecwrg on 6/24/2014 11:00:00 AM (view original):
Posted by bad_luck on 6/24/2014 10:53:00 AM (view original):
At that point maybe a developer sees the demand for more housing and invests in an apartment complex.
"invests".

That's an interesting concept.  Where is the investment capital coming from?  Is it coming from the lower class?
I don't think anyone has ever denied that investment is necessary. But, without demand, it doesn't happen.
6/24/2014 11:11 AM
Where does the investment capital come from?
6/24/2014 11:14 AM
From investors. Why the circle jerk, Perry Mason?
6/24/2014 11:20 AM
Who are the primary investors?  Upper class, middle class, or lower class?
6/24/2014 11:24 AM
Posted by tecwrg on 6/24/2014 11:24:00 AM (view original):
Who are the primary investors?  Upper class, middle class, or lower class?
Upper class.
6/24/2014 11:26 AM
Are they investing with their low marginal utility money?
6/24/2014 11:29 AM
Posted by tecwrg on 6/24/2014 11:29:00 AM (view original):
Are they investing with their low marginal utility money?
Sure
6/24/2014 11:31 AM
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