Minimum Wage and an Inculcated Tangent
The minimum wage is only good for children, 14, 15, 16, living at home with their parents who have a living wage income (preferably male). By the age of 18, a guaranteed income to bring minimum or better wage up to living wage, and increasing with age, is in order. That is the demand side.
On the supply side, we need to consolidate assets and write down their costs (Real and Capital assets for ecological economic redevelopment with a definite and committed demand side management plan and evolution to a more sedentary life). On the supply side we are dealing with an extant and momentous over-supply glut, much of it which is of inferior quality.
Supply side chains need to be transitioned to wholesale and distribution channels altered to make goods and services available within walking distance of almost all. Such, if the resources can be garnered (every day that we squander resources so ridiculously creates a situation more bleak with regards to the opportunity costs for precious resources) and the reorganization and reallocation secured, then the youth and children have a hope for the future, much of which could be employed in the building, communications, and agro-ecology trades.
We can not afford to squander time with respect to the necessary eduaction, reorganization, and subsequent reallocation, rebuilding transition.
In Peace, Friendship, Community, Cooperation, and Solidarity...
Showing posts with label over-supply side economics. Show all posts
Showing posts with label over-supply side economics. Show all posts
Wednesday, October 6, 2010
Friday, September 24, 2010
A Letter
My Good Friend Azel,
It is not only at retail where the chains put a squeeze on assets (including labor) to maximize their profits.
Organizations such as Walmart, Costco, Safeway, Shears, etc. need to back out of the retail trade and become more of a wholesale operation with pre-order delivery to community/neighborhood access outlets which can be established in all neighborhoods so that almost all can get what they need and reasonably want within walking distance of their homes.
However, even if we could get such cooperation from the myriad of supply chains, there would still, at least within the time realm that we consider now, be an over-supply problem. Therefore, we would be faced with the cut-throat competition practices that characterize such a low effective demand/over-supply (side) economy.
It is problematic, but not insurmountable.
By the way, I joined this "Organization" because, I thought the basic mission, and principles were good, but I would rate them as an A- or a B+ in the way in which they were stated. Or if this is HueMass, hew sea, I would give it an AB, Si?
In Peace, Friendship, Community, Cooperation, and Solidarity,
Mike Morin
It is not only at retail where the chains put a squeeze on assets (including labor) to maximize their profits.
Organizations such as Walmart, Costco, Safeway, Shears, etc. need to back out of the retail trade and become more of a wholesale operation with pre-order delivery to community/neighborhood access outlets which can be established in all neighborhoods so that almost all can get what they need and reasonably want within walking distance of their homes.
However, even if we could get such cooperation from the myriad of supply chains, there would still, at least within the time realm that we consider now, be an over-supply problem. Therefore, we would be faced with the cut-throat competition practices that characterize such a low effective demand/over-supply (side) economy.
It is problematic, but not insurmountable.
By the way, I joined this "Organization" because, I thought the basic mission, and principles were good, but I would rate them as an A- or a B+ in the way in which they were stated. Or if this is HueMass, hew sea, I would give it an AB, Si?
In Peace, Friendship, Community, Cooperation, and Solidarity,
Mike Morin
Friday, June 12, 2009
Over-Supply Side Economics
I think that what we are seeing is not just the bursting of the housing bubble, but the bursting of the entire supply-side economics paradigm, by a couple of generations of Capitalists who thought that they were infallible, in good part because of their "victories" in WW2 and the Cold War and were riding a wave of ASSUMED success.
The presumption of success had momentum and affected the business culture to the point that credit and equity flowed freely and foolishly.
Now, reality is setting in. Over-supply side economics cutting its own throat by paying no attention to how their worldwide dominance of financing low wage Capitalism, a race to the bottom for the working class, was undermining effective demand for their over-supply of low quality, of marginal utility junk. The over-extension of credit "helped" for awhile, at least until all the overly materialistic fools had filled their over-priced luxury and common-place homes with a plethora of unnecessary toys, including those gas gluttonous opulent ostentations in their driveways. Then the bills came due and the over-supply economy was so over-supplied and credit so maxed out that it ceased to be able to grease the wheel of the assumed insatiable wants economy.
The price of gasoline and other fossil fuel products contributed in helping to weaken effective demand for what would have to be seen as an impossible continuation of mindless commerce.
In order to sustain wealth, people have to produce items of value. Other than the computer industry, it's all been speculation, more speculation, more speculation, more speculation, fueled by greed and accelerated by foolish arrogance.
Mike Morin
The presumption of success had momentum and affected the business culture to the point that credit and equity flowed freely and foolishly.
Now, reality is setting in. Over-supply side economics cutting its own throat by paying no attention to how their worldwide dominance of financing low wage Capitalism, a race to the bottom for the working class, was undermining effective demand for their over-supply of low quality, of marginal utility junk. The over-extension of credit "helped" for awhile, at least until all the overly materialistic fools had filled their over-priced luxury and common-place homes with a plethora of unnecessary toys, including those gas gluttonous opulent ostentations in their driveways. Then the bills came due and the over-supply economy was so over-supplied and credit so maxed out that it ceased to be able to grease the wheel of the assumed insatiable wants economy.
The price of gasoline and other fossil fuel products contributed in helping to weaken effective demand for what would have to be seen as an impossible continuation of mindless commerce.
In order to sustain wealth, people have to produce items of value. Other than the computer industry, it's all been speculation, more speculation, more speculation, more speculation, fueled by greed and accelerated by foolish arrogance.
Mike Morin
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