Snazzyhat

[Snazzyhat @Snazzyhat1]

@LegacySiu My favorite player. Mesut ozil

[Snazzyhat @Snazzyhat1]

@lumpylemon @DaleNoNumbers @Gabbar0099 This...I think people are conflating the two on both sides. Socialist are conflating it saying food should be provided for free because its a human right....which is why many are saying it isn't a human right...

In actually access to get/buy food should be a human right.

[Snazzyhat @Snazzyhat1]

@rkothemic @DaleNoNumbers @Gabbar0099 Ohhhh so now you're suggesting a centrally planned food industry....do you know history or economics at all??? Because centrally planned food markets sure worked in the past....

[Snazzyhat @Snazzyhat1]

@JohnWil29114050 @CausticCrawler @Gabbar0099 Because nobody is entitled to anyone elses labor or time for free...that's slavery.... additionally, if you want "taxes" to pay for it. You are just stealing other peoples money and centrally planning an industry that historically has been catastrophic....learn history and econ

[Snazzyhat @Snazzyhat1]

@JohnWil29114050 @CausticCrawler @Gabbar0099 The access to food is a human right just like the access to arms to defend yourself should be....the difference is socialist conflate the right to food as it should be provided for free. Which, it shouldn't...

[Snazzyhat @Snazzyhat1]

@CausticCrawler @Gabbar0099 Not only that, food requires labor....you aren't entitled to anyone else's labor or time.

[Snazzyhat @Snazzyhat1]

@BenWorldEnder @covfefeovich @SallyMayweather You said the goal is to get "wages" to increase faster than prices... probably just poor wording then

[Snazzyhat @Snazzyhat1]

@BenWorldEnder @covfefeovich @SallyMayweather Because of this, wages will almost never go up faster than prices. Asset prices and business to business prices go up first. Because supply prices go up, consumer prices have to go up to recoup that investment...then wages go up as the businesses start to gain more revenue.

[Snazzyhat @Snazzyhat1]

@BenWorldEnder @covfefeovich @SallyMayweather I have 1 issue with what you said. Prices almost always raise b4 wages do. It's called the cantillon effect. The ppl who get the money supply increase first are the 1s who benefit. By the time it makes it to wages, prices are up. It doesn't matter what industry gets it first.

[Snazzyhat @Snazzyhat1]

@ThatchefThomas @kytharell @ayeejuju Hahah it can be like 75% sitting for me

[Snazzyhat @Snazzyhat1]

@thevivafrei @willchamberlain Will has gone radio silent on us

[Snazzyhat @Snazzyhat1]

@OrevaZSN Please read about equilibriums and price floors...it isn't that hard to understand

[Snazzyhat @Snazzyhat1]

@idoa01 @Partisangirl But couldn't the same logic for ww2 apply to yossi's post? WW2 can be a genocide and so can what is happening in gaza....

[Snazzyhat @Snazzyhat1]

@MiltonicMindset @PeterMcCormack Which leads the question....why even change the price floor to begin with....there is no upside if wage equilibrium is higher. There is only downside..

The other side effect is businesses shutting down, limiting your options as a consumer...min wage is a publicity stunt

[Snazzyhat @Snazzyhat1]

@MiltonicMindset @PeterMcCormack Do you not understand equilibriums? Minimum wage is a price floor. By definition of a price floor, any min wage set below said floor does nothing.... because wages are at equilibrium instead...set too high. Inflation happens and/or unemployment..

[Snazzyhat @Snazzyhat1]

@cmwrawcliffe You clearly don't understand basic economic concepts like price floors and equilibrium.

I do agree that gov subsidies are bad too though.

[Snazzyhat @Snazzyhat1]

@NotThatHughes The amount of people who don't understand what a price floor is and the implications of it is WILD

[Snazzyhat @Snazzyhat1]

@MChezzie @Novuum_ @nothing23429 Basically, the gap is there because they still calculate productivity overall for all types of jobs but starting in 1971 they excluded some jobs from the wage line....

[Snazzyhat @Snazzyhat1]

@MChezzie @Novuum_ @nothing23429 To give you an understanding, most of this is done through surveys starting in 1971 to differentiate salary from hourly. Sooooo, they changed the calculation to exclude salary even though prior to 1971, it was included.