Kenny Pelletier

Portland, OR, United States

Someone is shy

Kenny hasn't completed a profile. Should we look for some other people?

Comments & conversations

Noface
Kenny Pelletier
Posted almost 4 years ago
How do you feel about the responsibility of the government towards the young people (18-25) regarding the economic and financial crisis?
@Jasper_Chieng Why would a free market system be too costly for such a transition to ever happen? Is there another system other than free market capitalism that has brought more people out of poverty? Last time I checked, socialism collapsed in the USSR. Cuba's economic model is collapsing before our eyes. Greece's government is bankrupt. North Korea has made everyone except the elite extremely poor. A social system can't protect people from failure. All it will do is enable people to fail. Have you been to an Indian Reservation? How good is a Native American's economic status? They get government handouts. Why do they live in poverty? You're missing the point about my $.75 production rate. What happens if the employee doesn't have the skills to justify their minimum wage paycheck? What happens if the employee can't read or write? Does that entitle them to a higher wage to someone who can read and write? Are you going to pay that employee a $1 an hour minimum wage when their output is below a $1 an hour? No, you will look for someone else with better skills. The majority of the people believe government input in the economy is a positive thing. Nothing can be further from the truth. All it does is keep people's wages down.
Noface
Kenny Pelletier
Posted almost 4 years ago
How do you feel about the responsibility of the government towards the young people (18-25) regarding the economic and financial crisis?
@Ryan_ Whitted. So how do you propose to be able to live on a dollar per hour or for that matter minimum wage, while attaining skill and knowledge to gain a higher wage? Good question. Generally a 16 year-old is living at home and is not paying rent, car loan, or a mortgage. A minimum wage keeps low skilled workers like high schoolers out of the job market. How does making wages higher hurt wages from being higher? Another good question. Your wages dictate how much production you can create. Lets say the minimum wage is $1 an hour and that employee can only produce $.75 worth of production an hour. Why would you want to hire that employee? You would go after another employee who has more skills, more experience, and can produce more. You keep the low skilled employee out of the job market. Hence, that low skilled employee is unable to get the knowledge and the skills to get a higher wage. This depress wages. In the end, you want a free market. Historically, the best mechanism to bring people out of poverty is a free market. The government distorts economic output and keeps the poor in poverty.
Noface
Kenny Pelletier
Posted almost 4 years ago
How do you feel about the responsibility of the government towards the young people (18-25) regarding the economic and financial crisis?
What happens if someone's skills and output is not worth minimum wage? All a minimum wage does is keep people out of the work force. Why do you think youth unemployment is high? How can young people get a better wage when they can't get the job skills and knowledge to get a higher wage? The minimum wage does more harm than good. It hurts wages instead of improving them. Everyone does not have a right to work. It's up to the individual to get the knowledge and skills to get a better job and a higher wage. How am I lucky that someone who doesn't know about economics replied to what I wrote? All you prove is that liberals don't know shit about economics. But, I already knew this from hanging out at the occupy wall street protest.
Noface
Kenny Pelletier
Posted almost 4 years ago
How do you feel about the responsibility of the government towards the young people (18-25) regarding the economic and financial crisis?
Government has no responsibility. People have responsibility. You and I have responsibility. Most of our problems in our society were caused by poor government policy. I do not expect the government to fix a problem that they have caused. I would suggest a free market approach to our problems: cut government programs, eliminate the minimum wage, end the federal reserve, cut military spending, get government out of our lives.