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View Diary: Obama's proposal to raise the minimum wage collides immediately with usual Republican malarkey (171 comments)

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  •  Get a new business then (3+ / 0-)
    Recommended by:
    Thomasina, AoT, Larsstephens

    Sounds like a losing model if you rely so heavily on below-market labor costs.

    The real estate boom is over and not coming back this generation, you need to adapt to the market.

    Isn't that what the almighty job creators always tell people? Economic darwinism, invisible hand? If you can't cut it, find a new hustle, buddy.

    Deficits don't matter, jobs do.

    by aguadito on Wed Feb 13, 2013 at 11:09:12 AM PST

    [ Parent ]

    •  Think about what you are saying. (0+ / 0-)

      Are you saying that the dilapidated houses in bad neighborhoods should not be fixed up?

      Obviously you have never spent time in such a neighborhood.

      •  I used to buy and fix up houses (3+ / 0-)
        Recommended by:
        schnecke21, TerryDarc, Larsstephens

        You have to purchase the house at a low enough price to afford the fix-up costs.

        If you can't afford to fix it up and make a reasonable profit (which means different things to different people) without exploiting people by paying low wages  then you've paid too much for the property.

        If you have to pay a lot of unskilled labor low wages, then whether you like it or not something is wrong with the business model.

        Could it be, perhaps, that to make the big bucks you want, you have to pay low wages? How much do you make from these houses? What's your return on investment? For all readers here know, you're making a ton of money from the houses and paying low wages is necessary so you can enjoy a far better life than the people you exploit. That's capitalism.

        Frankly, I think the real answer is socialism. Take out all the profiteering, the middlemen, the agents, the bureaucrats, and there will be plenty of production to make life livable for everyone.

        "In times of universal deceit, telling the truth will be a revolutionary act." -George Orwell

        by ZhenRen on Wed Feb 13, 2013 at 02:01:46 PM PST

        [ Parent ]

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