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Morning Metaverse

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40 Replies. 2 pages. Viewing page 1.
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40. Re: Morning Metaverse Mar 6, 2014, 08:35 BitWraith
 
Cutter wrote on Mar 5, 2014, 15:47:
BitWraith wrote on Mar 5, 2014, 11:17:
Panickd wrote on Mar 5, 2014, 10:53:
Task wrote on Mar 5, 2014, 10:48:
I'm confused Beamer, Warren Buffet is a crook, IE, Legalized Crook, bitcoins or not.


You do realize that "legalized crook" is an oxymoron. Only doing illegal things makes one a crook. If society has chosen to legalize what he does then he isn't a crook irregardless of what that may be.

Irregardless isn't a word.

Well, that'll be your little secret then.

Merriam-Webster - Irregardless

irregardless: (adverb)

"Irregardless originated in dialectal American speech in the early 20th century. Its fairly widespread use in speech called it to the attention of usage commentators as early as 1927. The most frequently repeated remark about it is that “there is no such word.” There is such a word, however. It is still used primarily in speech, although it can be found from time to time in edited prose. Its reputation has not risen over the years, and it is still a long way from general acceptance. Use regardless instead."

It's a double negative.

"Ain't" is in that dictionary as well, and it's not a word either:
http://www.merriam-webster.com/dictionary/ain't
 
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39. Re: Morning Metaverse Mar 6, 2014, 01:39 LittleMe
 
Cutter wrote on Mar 5, 2014, 19:03:
Raising minimum wage doesn't not lose jobs, it cuts into profit. When you get to the point you're hiring employees in a small business then you're making enough money to support yourself and the business. If you can't afford another $50-$100 a week for an employee then you can't afford them to begin with.

It's irrelevant. Wealth has been exported out of the country and channeled to the politically connected corporations. Wages stagnate as a result. Raising minimum wage doesn't address the cause, only a symptom.

 
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Perpetual debt is slavery.
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38. Re: Morning Metaverse Mar 5, 2014, 21:49 Scottish Martial Arts
 
Saboth wrote on Mar 5, 2014, 20:57:
Regarding Comcast offering internet to poor people: '5 Mbps and upload speeds of up to 1 Mbps, according to a company FAQ.' for $9.95 a month. I currently pay $50 a month for 6 mbps down and 1 mbps up from Comcast, which is sad in its own right, before we get into people getting it for 1/5 the cost.

Hey I'm on 3mbps/1mbps for $40 a month! We should be shitty, overpriced internet buddies!
 
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37. Re: Morning Metaverse Mar 5, 2014, 20:57 Saboth
 
Regarding Comcast offering internet to poor people: '5 Mbps and upload speeds of up to 1 Mbps, according to a company FAQ.' for $9.95 a month. I currently pay $50 a month for 6 mbps down and 1 mbps up from Comcast, which is sad in its own right, before we get into people getting it for 1/5 the cost.  
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36. Re: Morning Metaverse Mar 5, 2014, 20:35 PHJF
 
From wikipedia on the definition of a currency: "A much more general use of the word currency is anything that is used in any circumstances, as a medium of exchange"

What's the #1 thing bitcoins are exchanged for?

Actual currency.
 
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Steam + PSN: PHJF
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35. Re: Morning Metaverse Mar 5, 2014, 20:03 JohnBirshire
 
Warren Buffett, although an incredibly successful investor, knows absolutely nothing about tech and has never really even invested in a start-up company of any sort. He is also notoriously late on investing in technology at all. And the fact that he said Bitcoin will be gone in "10 years" instead of 1, 2, or less, shows that he doesn't really know. A lot of old timers thought the internet was a fad when it was new, so you have to take anything they say with a grain of salt.

*edit* P.S. He also said gold and silver was a bad investment immediately prior to it's value skyrocketing.

This comment was edited on Mar 5, 2014, 20:09.
 
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34. Re: Morning Metaverse Mar 5, 2014, 19:03 Cutter
 
Raising minimum wage doesn't not lose jobs, it cuts into profit. When you get to the point you're hiring employees in a small business then you're making enough money to support yourself and the business. If you can't afford another $50-$100 a week for an employee then you can't afford them to begin with.
 
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"Bye weeks? Bronko Nagurski didn't get no bye weeks, and now he's dead… Well, maybe they're a good thing." - Moe
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33. Re: Morning Metaverse Mar 5, 2014, 18:12 LittleMe
 
"It's not a currency," he said.

Of course it is. It fits within the definition of a currency because it moves around, creating a current. Currency is a term derived from the word 'current' or 'in circulation'. Indeed the bitcoins move around the globe, mostly across the Internet.

From wikipedia on the definition of a currency: "A much more general use of the word currency is anything that is used in any circumstances, as a medium of exchange"

 
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Perpetual debt is slavery.
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32. Re: Morning Metaverse Mar 5, 2014, 17:57 LittleMe
 
A rise in minimum wage isn't going to do much or anything to address the disparity between the rich and poor. That's fantasy magical thinking. The disparity is a product of a deeper economic mechanic because we are a debt and consumer based economy and no longer a savings and production based economy as we were 50 years ago. China is now the production and savings based economy and their wealth is skyrocketing not because of minimum wage laws but because they are producing physical goods people want.

Raising the minimum wage only sounds good because it's easy to understand in a simple sentence uttered by a politician or news reporter. Sure go ahead and think it will work, and then believe the self serving lies they tell you later as to why it didn't work and their next failed solution.
 
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Perpetual debt is slavery.
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31. Re: Morning Metaverse Mar 5, 2014, 17:31 xXBatmanXx
 
Beamer wrote on Mar 5, 2014, 17:18:
xXBatmanXx wrote on Mar 5, 2014, 15:51:
Beamer - check your email.....hater....

Took me a while to find it - was in my junk folder.


Also, I don't, haha. At all.

Where u be in steam?
 
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30. Re: Morning Metaverse Mar 5, 2014, 17:22 PHJF
 

I never get the "people will lose jobs if minimum wage goes up."

There's no question jobs would be lost. The Market is nothing but one knee-jerk reaction after another. Last figures I heard were at 100,000 lost jobs from a $10 wage.

But the lost jobs would be far more offset by the number of families who would rise above the poverty line. And jobs don't just disappear. The lost jobs would be, as everyone agrees, service jobs... which one cannot outsource. Yet. (looking at you, robot apocalypse)
 
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29. Re: Morning Metaverse Mar 5, 2014, 17:18 Beamer
 
xXBatmanXx wrote on Mar 5, 2014, 15:51:
Beamer - check your email.....hater....

Took me a while to find it - was in my junk folder.


Also, I don't, haha. At all.
 
-------------
Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
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28. Re: Morning Metaverse Mar 5, 2014, 17:02 Pigeon
 
Verno wrote on Mar 5, 2014, 15:40:
xXBatmanXx wrote on Mar 5, 2014, 15:31:
Well....the CURRENT issue with increasing min wage is that the small businesses just pass off the increased costs to their customers. So you are robbing from peter to pay paul. I have a lot of friends (service industry) who own/work/etc small biz, bars, restaurants, service companies, etc., and they have flat out said "the increase in vegetables has forced me to increase my food costs" and "Obamacare has forced me to increase prices" and "if min wage goes up my prcies go up" and "gas prices has increased my prices from vendors and I pass that on to the consumer".

Fair enough. Personally I don't think it's a simple net zero and I would like to see it only applied to corporations at a certain income threshold rather than all companies equally. I agree that minimum wage jobs are supposed to be a life stopgap and not a career but the current economic climate isn't helping much in that regard. People aren't just going to spend 30% more for everything across the board, that money goes to a lot of different places, many of which serve to enrich those workers in other areas like education.

Unfortunately there is no silver bullet, a minimum wage increase by itself is a bandaid on a larger problem where top income earners are not reinvesting enough wealth back into the economy. This is something Buffett recognizes that most of his ilk do not.

This is certainly where my argument for increasing minimum wages stems from. Currently wealth is being damned up at the top, they have more money than they can reasonably spend. The poor on the other hand have less than they can spend. Anything they get will be put towards living expenses; food, housing, clothing, etc. Essentially its not removing money from business, but putting more money in flow (I'm sure there's a better economic term for that). So while they're paying more out, their business should also increase because their customer base has more money to spend at their establishments.

My worry is business would react to the short term situation, i.e. having to pay employees more, by laying off employees before the longer term benefits can be reached, i.e. increased customer base/spending.
 
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27. Re: Morning Metaverse Mar 5, 2014, 15:52 Cutter
 
Buffet talks about a lot of shit, like how the rich don't pay enough taxes but I don't seem actually doing anything about it. And yes, society needs a living wage, not minimum wage. It's been demonstrated time and again that a living wage, indexing life costs to wages, etc. works amazingly well for everyone in all those nordic "socialist" countries.
 
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26. Re: Morning Metaverse Mar 5, 2014, 15:51 xXBatmanXx
 
Beamer - check your email.....hater....  
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25. Re: Morning Metaverse Mar 5, 2014, 15:50 Beamer
 
I never get the "people will lose jobs if minimum wage goes up."

Look at who makes minimum wage. Typically it's service jobs. Will Walmart have fewer cashiers? Will McDonald's? If that happens waits go up. If that happens then people stop going to those stores and start going where waits aren't as long - companies like Costco that have no issue paying a higher wage to their employees.

Many of the people that are against raising minimum wage are the same that love saying things like "the market will take care of it." Well, the market would also make sure that companies keep their staffing levels. It isn't as if Walmart or McDonald's are employing more people now than they need - they run close to the bare minimum. They can't simply employee fewer people without utterly destroying the experience to their own detriment.
 
-------------
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http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
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24. Re: Morning Metaverse Mar 5, 2014, 15:47 Cutter
 
BitWraith wrote on Mar 5, 2014, 11:17:
Panickd wrote on Mar 5, 2014, 10:53:
Task wrote on Mar 5, 2014, 10:48:
I'm confused Beamer, Warren Buffet is a crook, IE, Legalized Crook, bitcoins or not.


You do realize that "legalized crook" is an oxymoron. Only doing illegal things makes one a crook. If society has chosen to legalize what he does then he isn't a crook irregardless of what that may be.

Irregardless isn't a word.

Well, that'll be your little secret then.

Merriam-Webster - Irregardless

irregardless: (adverb)

"Irregardless originated in dialectal American speech in the early 20th century. Its fairly widespread use in speech called it to the attention of usage commentators as early as 1927. The most frequently repeated remark about it is that “there is no such word.” There is such a word, however. It is still used primarily in speech, although it can be found from time to time in edited prose. Its reputation has not risen over the years, and it is still a long way from general acceptance. Use regardless instead."
 
Avatar 25394
 
"Bye weeks? Bronko Nagurski didn't get no bye weeks, and now he's dead… Well, maybe they're a good thing." - Moe
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23. Re: Morning Metaverse Mar 5, 2014, 15:43 Scottish Martial Arts
 
xXBatmanXx wrote on Mar 5, 2014, 15:31:
Min wage jobs typically (here is where I become curt and dismissive) are not life long jobs (they shouldn't be).

Then perhaps they ought to pay more so that people have the resources to move on to better work? If the only people working minimum wage jobs were teenagers in the summer, I'd agree with you. But a lot of people end up in minimum wage through minimal fault of their own. Sure some people are lazy and never apply themselves, but a lot of folks stuck in minimum wage are capable of a lot more yet had a bad run at life and there they are.

When you work minimum wage, you make so little money it's kind of ridiculous. You HAVE to take on a second and third job if you hope to have any money left over at the end of the month. That means your free time to say, go to school or learn a new skill or network to make connections for a better career, is extremely limited to non-existent. Likewise, money is always extremely tight. You are never not worrying about how you're going to get to the end of the month. You are never not feeling guilty when you engage in the frivolous $3 expenditure of getting a few things from the dollar menu at McDonald's rather than eating PB&J for the 15th lunch in a row. The amount of stress you are under because money is so scarce makes it that much harder to do the things necessary to get a better job. Gradually you become so drained, you can't muster that energy. And because you have next to nothing at the end of the month, you aren't making progress. You end up stuck, working your ass off, generally in stressful, tiring, and demeaning work, just to go nowhere.
 
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22. Re: Morning Metaverse Mar 5, 2014, 15:40 Verno
 
xXBatmanXx wrote on Mar 5, 2014, 15:31:
Well....the CURRENT issue with increasing min wage is that the small businesses just pass off the increased costs to their customers. So you are robbing from peter to pay paul. I have a lot of friends (service industry) who own/work/etc small biz, bars, restaurants, service companies, etc., and they have flat out said "the increase in vegetables has forced me to increase my food costs" and "Obamacare has forced me to increase prices" and "if min wage goes up my prcies go up" and "gas prices has increased my prices from vendors and I pass that on to the consumer".

Fair enough. Personally I don't think it's a simple net zero and I would like to see it only applied to corporations at a certain income threshold rather than all companies equally. I agree that minimum wage jobs are supposed to be a life stopgap and not a career but the current economic climate isn't helping much in that regard. People aren't just going to spend 30% more for everything across the board, that money goes to a lot of different places, many of which serve to enrich those workers in other areas like education.

Unfortunately there is no silver bullet, a minimum wage increase by itself is a bandaid on a larger problem where top income earners are not reinvesting enough wealth back into the economy. This is something Buffett recognizes that most of his ilk do not.
 
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Watching: The Fall, The Walking Dead, Leon
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21. Re: Morning Metaverse Mar 5, 2014, 15:40 Dirwulf
 
BitWraith wrote on Mar 5, 2014, 11:17:
Panickd wrote on Mar 5, 2014, 10:53:
Task wrote on Mar 5, 2014, 10:48:
I'm confused Beamer, Warren Buffet is a crook, IE, Legalized Crook, bitcoins or not.


You do realize that "legalized crook" is an oxymoron. Only doing illegal things makes one a crook. If society has chosen to legalize what he does then he isn't a crook irregardless of what that may be.

Irregardless isn't a word.

I used to think that too. Let the debate rage on.

Yes, 'Irregardless' is a word.

 
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