Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage

WE TREAT THEM and we cover the costs, as we should

 

Agreed. But you clearly stated that thru research you would find that. "demand". Again, demand first !!!!

 

Now you are changing the argument. Of course production precedes consumption else you are eating a wish sandwich. Market analysis tell you what the demand is so that you can produce what people want and how much people want. So, demand drives production. Not the other way around.

 

Of course production proceeds consumption...WOW....how would you consume something that isnt even available yet ?

Ok, why dont you go open a factory, build a bunch of widgets and then just hope their is a market for them.......

 

not really....we do it for everyone

True Story: I got laid off, and 2 days later my wife got laid off. 2 weeks after that my wife had a serious medical issue and was in the hospital for 10 days. Medicade paid for EVERYTHING since our private insurance stopped on our last day of work (we were in the process of Cobra). Medicare paid EVERY PENNY and we had NO deductible. The best part was that the hospital did all the legwork and all the paperwork, and then told u that any future issues related to her newly diagnosed condition would be coverd for the rest of her life by Medicade (until 65). They never even asked us about our finances or anything

The Hospitals want to get paid, so they are now finding ways to get themselves paid. That may change the game in the vey near future as I have been reading up on this new practice by hospitals.

 

False again LOTS of new products come to market without a demand. That new car plant being built is not being paid for by preorders. I went to the fair and had NO demand for a new kitchen wisker but the company that makes them had invested the captial to produce them created a supply of them and their salesman/barker created a demand in me and a few others.

Without the capital NOTHING happens.

 

Wait a minute you qualified for Medicaid without having to prove your financial need? You have no assets now.

 

What is this distinction you are attempting?

 

You can suggest that but it's never been the case. It all depends on where you live, what the job is, and how healthy they are, and how far you will have to commute. Is it unreasonable to suggest that some jobs are intended for kids and not meant to sustain a family of 4?

 

No I’m not. Production always precedes consumption.

 

Exactly. Production always precedes consumption. Economics 101.

 

Medicaid covers those with low or no income.

 

You do that with limited supply. Nobody is debating that. But you dont build 8000 widgets and hope someone will buy them. The laws of supply and demand account for this in new inventions, but not in known product sets. The new car plant being built doesn't get built on a whim, it usually gets heavily subsidized for by the government of the country it is in to limit the liability of the private corporations that will profit from it, and can be used for current production quotas if the new product can be built their.

So yes, both can be true, but lets make sure were discussing the same thing. Apologies if that was confused

 

you are correct. No qualification, they just covered it.

 

A new car comes to market because there is a perceived demand. Someone does research and finds out that people will demand it once available. A company may even do a limited run just to confirm that the demand is there. That doesn't change anything just because people don't know that they want a thing that doesn't exist yet. You went to the fair and didn't know that you wanted a wisker but you actually did want a wisker. That company knew that even if you didn't.

 

We were bth laid off at the time......they covered EVERYTHING, we didnt even have to ay a deductible...

 

Things are produced based on market analysis. There is no guarantee that the products will be purchase. That's the risk of doing business.

 

And Medicaid covered you.

 

we have no "income"

 

Medicaid covers people with low or no income.

 

We were both laid off at the time (no income), so Medicaid covered our costs....

 

Yes. No argument from me.

 

Supply-side socialism is trickle-down economics. For example, reducing governmental regulations is a way for the corporate welfare state to have others (taxpayers and/or consumers) socialize their business costs/losses.

 

Communism is a supply-side economic system as opposed to capitalism which is a supply-and-demand-based economic system.

 

No it isn’t. Supply side economics is based on reducing government imposed costs on production by reducing taxes on production and regulations which increase the costs of production. The result is lower prices which results in more products sold and more employment. Clinton’s economic policies were supply side per his chief economic adviser Joe Stiglitz.