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

Still pushing the nonsense that demand does not rival supply in importance for a thriving supply-and-demand economic system. Using a sports metaphor, it is kinda like saying that the key to winning baseball games is the offense and that pitching and defense are as relevant.

 

That’s ridiculous. Are you calling Nobel prize winner Joe Stiglitz who was responsible for Bill Clinton’s supply side economic policies a communist?

 

Economic demand is funded by production. Econ 101.

 

Supply-side socialism is all about privatizing wealth and socializing costs/losses to the government and/or taxpayers and the result is

The top 1% of American earners now own more wealth than the entire middle class.

Government policies and programs can facilitate access to capital for businesses. For instance, grants, loans, and subsidies help companies grow and innovate.
Governments invest in infrastructure (such as roads, bridges, and utilities) that benefits businesses. This indirectly socializes costs by providing essential services that companies rely on.
Government can offer tax cuts as a way to socialize business costs/losses.

 

Yes, it is ridiculous to deny the importance of demand in a supply-and-demand economic system. Economics 101.

 

That’s ridiculous.

 

Putting the cart in front of the horse. Demand determines what is to be produced.

 

You don't take pre-orders and then build the factory. And NOTHING HAPPENS without the captial formation to do it. I was in sales and often times you CREATE the demand for your product service.

So should the government just send us all free money amd then we can all demand the stuff we don't have but really really want and then the econimy would ge GREAT!?

 

Economic demand is a product of production. Production precedes consumption. Econ 101.

 

Market analysis determines what is produced.

 

Yes, once again, it is ridiculous to deny that supply-side socialism requires governmental intervention to help redistribution wealth from the poor and the middle class to the rich.

 

US has a consumer-based economic system. Demand drives what is to be produced. Economics 101.

 

That’s even more ridiculous. Wealth creation benefits everyone. There is no limit on wealth production. And there is no redistribution on wealth. Wealth creation is not a zero sum process.

 

Market analysis determines what will be produced. Hopefully the market analysis is correct and the products will be purchased.

 

There is no supply side socialism.

 

Demand precedes production. Consumption is a bit of a bright red herring in that equation. Consumption will always come last...

 

Another leftis fallacy there is no "trckle down" supply side. The modern supply side ecnomics deals with capital and the givernment removing that capital supply from the free market which suppresses economic growth and expansion.

 

Except I am neither right wing nor pushing trickle-down economics....

 

Tell that to the personal comouter industry which created demand for their new priducts. Ifnthere was already demand for everything produced why are their marketing departments? Have you never bought something on a whim.

 

When has "trickle up ever worked"?

 

Nope find a way to create one that doesn't exist but unless we had the supply of capital first and then a suoply of goods to meet the demand when we create it .....

And let's not forget the demand you are talking about is handing out free money to create a false one.

 

The last sentence is a canard, demand ->produce then you can buy, whim or not.
So you quoted me just to whine because you haven't and CAN'T dispute what I posted. Now run along and pester someone else and play lawyer because economist you are not.

Demand, produce, consume, not rocketry.

 

Ok, call it supply-side socialism instead. The result of supply-side economics is the redistribution of wealth from the demand side of the economy to the supply side.
The top 1% of American earners now own more wealth than the entire middle class.
https://www.usatoday.com/story/mone...earners-more-wealth-middle-class/71769832007/

 

In every 1st world country.

 

Not unreasonable, but that isn't what I have asked.