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Bad arguments people make about current events
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<p>[QUOTE="Houseman, post: 12567, member: 7"]</p><p><strong><span style="font-size: 26px"><span style="color: rgb(65, 168, 95)">The argument:</span></span></strong></p><p></p><p><img src="https://archive.ph/AwB8b/c200175e441385e9e3084c483cbef40fd0652425/scr.png" data-url="https://archive.ph/AwB8b/c200175e441385e9e3084c483cbef40fd0652425/scr.png" class="bbImage " style="" /></p><p></p><p>From the front page of reddit, possibly influencing millions of people who see it.</p><p></p><p><strong><span style="font-size: 26px"><span style="color: rgb(65, 168, 95)">The rebuttal:</span></span></strong></p><p></p><p>"Productivity" is a measurement of the hourly output of a country's economy, based on the gross domestic product (GDP) produced by an hour of labor. What do workers produce? Food? Sewing needles? Bicycles? Guitars? Smartphones? Car engines? Jets? What is the value of all these things?</p><p></p><p>Oh, they're all different things, so trying to lump them all together, and then using that to base any sort of wage is ridiculous.</p><p></p><p>Money is not a reward for how productive you are, or for how much or how hard you work. It is an incentive to get you to work and participate in the economy. If you have your own little self-sustaining farm, nobody shows up and hands you money for all your hard work, no, you have to sell your crops, first. Does that farmer get a minimum wage for his daily toil under the hot sun? No. However, he can choose to sell his crops at a price that suits him, and people are free to buy or not, depending on whether it suits them.</p><p></p><p>Why should a McDonald's worker get paid more for doing the same exact job when McDonalds first started, 70 years ago? Is a burger worth more, because the country is more "productive" as a whole? Because a technological advancement made it twice as fast to create jet engines, or create concrete, does that mean that the teenager who scoops your fries is also similarly twice as fast, and should get paid more? No, that's ridiculous.</p><p></p><p>On the subject of "Wall Street bonuses", why do these people get such large bonuses? The answer is simple, because they produce EVEN MORE MONEY for their companies. A hypothetical broker on Wall Street can make their clients 100s of millions of dollars. If they get a bonus of 5-million dollars, that's a drop in the bucket compared to what they brought to the company. Same with CEOs and other top-level executives. You always hear "oh, these CEOs raise their salaries and get bonuses while the poor janitor is mopping the floors and can't even afford a new car"</p><p></p><p>Those salaries are what they are for a reason. They're to attract "talent". If you want a $100,000/yr CEO to run your billion-dollar company, then your billion-dollar company might well turn into a million-dollar company, and then that janitor, along with thousands of other employees, will be out of a job when downsizing hits. Money is not being wasted when a CEO gets a bonus, it's money spent on keeping the company profitable.</p><p></p><p>You, who flips burgers, are simply not contributing a comparable level of value as a CEO is. Your pay does not need to "keep up" with those who contribute more than you do.</p><p></p><p>By the way, why are you working a minimum wage job anyway? Are you 16?</p><p>[/QUOTE]</p>
[QUOTE="Houseman, post: 12567, member: 7"] [B][SIZE=26px][COLOR=rgb(65, 168, 95)]The argument:[/COLOR][/SIZE][/B] [IMG]https://archive.ph/AwB8b/c200175e441385e9e3084c483cbef40fd0652425/scr.png[/IMG] From the front page of reddit, possibly influencing millions of people who see it. [B][SIZE=26px][COLOR=rgb(65, 168, 95)]The rebuttal:[/COLOR][/SIZE][/B] "Productivity" is a measurement of the hourly output of a country's economy, based on the gross domestic product (GDP) produced by an hour of labor. What do workers produce? Food? Sewing needles? Bicycles? Guitars? Smartphones? Car engines? Jets? What is the value of all these things? Oh, they're all different things, so trying to lump them all together, and then using that to base any sort of wage is ridiculous. Money is not a reward for how productive you are, or for how much or how hard you work. It is an incentive to get you to work and participate in the economy. If you have your own little self-sustaining farm, nobody shows up and hands you money for all your hard work, no, you have to sell your crops, first. Does that farmer get a minimum wage for his daily toil under the hot sun? No. However, he can choose to sell his crops at a price that suits him, and people are free to buy or not, depending on whether it suits them. Why should a McDonald's worker get paid more for doing the same exact job when McDonalds first started, 70 years ago? Is a burger worth more, because the country is more "productive" as a whole? Because a technological advancement made it twice as fast to create jet engines, or create concrete, does that mean that the teenager who scoops your fries is also similarly twice as fast, and should get paid more? No, that's ridiculous. On the subject of "Wall Street bonuses", why do these people get such large bonuses? The answer is simple, because they produce EVEN MORE MONEY for their companies. A hypothetical broker on Wall Street can make their clients 100s of millions of dollars. If they get a bonus of 5-million dollars, that's a drop in the bucket compared to what they brought to the company. Same with CEOs and other top-level executives. You always hear "oh, these CEOs raise their salaries and get bonuses while the poor janitor is mopping the floors and can't even afford a new car" Those salaries are what they are for a reason. They're to attract "talent". If you want a $100,000/yr CEO to run your billion-dollar company, then your billion-dollar company might well turn into a million-dollar company, and then that janitor, along with thousands of other employees, will be out of a job when downsizing hits. Money is not being wasted when a CEO gets a bonus, it's money spent on keeping the company profitable. You, who flips burgers, are simply not contributing a comparable level of value as a CEO is. Your pay does not need to "keep up" with those who contribute more than you do. By the way, why are you working a minimum wage job anyway? Are you 16? [/QUOTE]
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