Seattle Becomes First American City With Absolutely No Fucking Problems At all

If any companies in Seattle try to relocate to avoid this bullshit, they risk being labeled as "economic terrorists" by this crazy bitch.


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Is this real life? This is literally how it happened in Atlas Shrugged. Apparently Seattle is taking on the role of the Twentieth Century Motor Company, and Kshama Sawant is taking on the role of Ivy Starnes. Reflecting on Jeff Allen's speech about Ivy and Twentieth and what's going on in Seattle is giving me goosebumps...​

Jeff Allen: Well, there was something that happened at that plant where I worked for twenty years. It was when the old man died and his heirs took over. There were three of them, two sons and a daughter, and they brought a new plan to run the factory. They let us vote on it, too, and everybody – almost everybody – voted for it. We didn’t know. We thought it was good. No, that’s not true, either. We thought that we were supposed to think it was good. The plan was that everybody in the factory would work according to his ability, but would be paid according to his need.

Jeff Allen:: What’s whose ability and which of whose needs comes first? When it’s all one pot, you can’t let any man decide what his own needs are, can you? If you did, he might claim that he needs a yacht – and if his feelings are all you have to go by, he might prove it, too. Why not? If it’s not right for me to own a car until I’ve worked myself into a hospital ward, earning a car for every loafer and every naked savage on earth – why can’t he demand a yacht from me, too, if I still have the ability not to have collapsed?

Jeff Allen:: It took us just one meeting to discover that we had become beggars – rotten, whining, sniveling beggars, all of us, because no man could claim his pay as his rightful earning, he had no rights and no earnings, his work didn’t belong to him, it belonged to ‘the family’, and they owed him nothing in return, and the only claim he had on them was his ‘need’ – so he had to beg in public for relief from his needs, like any lousy moocher, listing all his troubles and miseries, down to his patched drawers and his wife’s head colds, hoping that ‘the family’ would throw him the alms. He had to claim miseries, because it’s miseries, not work, that had become the coin of the realm – so it turned into a contest between six thousand panhandlers, each claiming that his need was worse than his brother’s. How else could it be done? Do you care to guess what happened, what sort of men kept quiet, feeling shame, and what sort got away with the jackpot?

Jeff Allen:: Drink, of course, was what we all turned to, some more, some less. Don’t ask how we got the money for it. When all the decent pleasures are forbidden, there’s always ways to get the rotten ones. You don’t break into grocery stores after dark and you don’t pick your fellow’s pockets to buy classical symphonies or fishing tackle, but if it’s to get stinking drunk and forget – you do.

Jeff Allen:: Any man who tried to play straight, had to refuse himself everything. He lost his taste for any pleasure, he hated to smoke a nickel’s worth of tobacco or chew a stick of gum, worrying whether somebody had more need for that nickel. He felt ashamed of every mouthful of food he swallowed, wondering whose weary nights of overtime had paid for it, knowing that his food was not his by right, miserably wishing to be cheated rather than to cheat, to be a sucker, but not a blood-sucker. He wouldn’t marry, he wouldn’t help his folks back home, he wouldn’t put an extra burden on ‘the family.’ Besides, if he still had some sort of sense of responsibility, he couldn’t marry or bring children into the world, when he could plan nothing, promise nothing, count on nothing. But the shiftless and irresponsible had a field day of it. They bred babies, they got girls into trouble, they dragged in every worthless relative they had from all over the country, every unmarried pregnant sister, for an extra ‘disability allowance,’ they got more sicknesses than any doctor could disprove, they ruined their clothing, their furniture, their homes – what the hell, ‘the family’ was paying for it! They found more ways of getting in ‘need’ than the rest of us could ever imagine – they developed a special skill for it, which was the only ability they showed.

Jeff Allen:: God help us, ma’am! Do you see what we saw? We saw that we’d been given a law to live by, a moral law, they called it, which punished those who observed it – for observing it. The more you tried to live up to it, the more you suffered; the more you cheated it, the bigger reward you got.

Jeff Allen:: Nobody can divide a factory’s income among thousands of people, without some sort of a gauge to measure people’s value. Her gauge was bootlicking. Selfless? In her father’s time, all of his money wouldn’t have given him a chance to speak to his lousiest wiper and get away with it, as she spoke to our best skilled workers and their wives. She had pale eyes that looked fishy, cold and dead. And if you ever want to see pure evil, you should have seen the way her eyes glinted when she watched some man who’d talked back to her once and who’d just heard his name on the list of those getting nothing above basic pittance. And when you saw it, you saw the real motive of any person who’s ever preached the slogan: ‘From each according to his ability, to each according to his need.’

Jeff Allen:, on Ivy Starnes: The guff gave us a chance to pass off as virtue something that we’d be ashamed to admit otherwise. There wasn’t a man voting for it who didn’t think that under a setup of this kind he’d muscle in on the profits of the men abler than himself. There wasn’t a man rich and smart enough but that he didn’t think that somebody was richer and smarter, and this plan would give him a share of his better’s wealth and brain. But while he was thinking that he’d get unearned benefits from the men above, he forgot about the men below who’d get unearned benefits, too. He forgot about all his inferiors who’d rush to drain him just as he hoped to drain his superiors... That was our real motive when we voted – that was the truth of it – but we didn’t like to think it, so the less we liked it, the louder we yelled about our love for the common good.

Jeff Allen:: What good would our need do to a power plant when its generators stopped because of our defective engines? What good would it do to a man caught on an operating table when the electric light went out? What good would it do to the passengers of a plane when its motor failed in mid-air? And if they bought our product, not because of its merit, but because of our need, would that be the good, the right, the moral thing to do for the owner of that power plant, the surgeon in that hospital, the maker of that plane? Yet this was the moral law that the professors and leaders and thinkers had wanted to establish all over the earth. If this is what it did in a single small town where we all knew one another, do you care to think what it would do on a world scale?

"From each according to their ability, to each according to their needs"

Good luck Seattle...​
 


This will be an extremely interesting experiment. I can't believe this actually happened.
 
Well, what do people expect when they vote for a fucking indian...

Somebody had to say it.

Inb4 Racism is bad.

It's not that someone is Indian. It's just lack of understanding and expertise... (eventually).
You could be an Eskimo and managing things better than OObamaa...
Actually, the closer to nature you are, the better your decisions... Just my opinion.
 
and...the exodus begins!

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Under the plan approved on Monday, the hourly wage will rise to $15 by 2017 for employers with more than 500 workers that do not provide health insurance, and by 2018 for those large employers who do. The minimum will be phased in through 2021 for smaller employers.

Might be a bit premature.

Couple other things to note, Seattle already has a $9.32 minimum wage. One would expect that would go up over the course of 7 years, though not likely to $15. Nevertheless, will be interesting to see if there is an influx of people into the city looking for work and what impact that alone will have on housing availability and cost.

That Sawant chick is completely nuts.
 
[ame=http://www.youtube.com/watch?v=GOqtl53V3JI]Raise the Minimum Wage to $15 Per Hour - YouTube[/ame]

[ame="http://www.youtube.com/watch?v=mwAQwItEjUo"]Elizabeth Warren: Why Isn't Minimum Wage $22? - YouTube[/ame]
 
That's lower than the minimum wage of Australia.

And I'm pretty sure France is close.
 
Theoretically this sounds like a bomb and Chicken Kshama is off her rocker.

However, a US state in our current economy hasn't done this yet so it will be interesting to see the results.
 
Going to location target the fuck out of Seattle. All those new "middle class" minimum wage workers who can afford home internet for the first time ever. #fistpump
 
Youre so silly Will, obviously you don't know what you're talking about. Kshama says machinists run the biz, not managers:

What people like this woman will never understand is that the only thing keeping workers from taking ownership of the means of production in a capitalist system is their own "high" time preference for consumption.

If a bunch of factory workers wanted to pool all of their assets, purchase machinery and raw materials, secure a production facilty, hire administrative workers and a sales force, and open a plant, there is literally NOTHING stopping them.

They don't do it though, because they prefer to work and be paid on FRIDAY instead of waiting months or years to see if thier investment pays off. Their own unwillingness to assume risk and delay consumption is what prevents them from entering the ranks of capitalists.
 
Unfortunately, we'll look back on this "experiment" in 10 or 20 years and be confronted with empirical data that seems to support the minimum wage hike.

Schools have taught empiricism for generations. That is the reason people routinely make wrongheaded economic connections where none exist. For example, "The minimum wage has increased over the past century and our economy has grown with it. So it must work."

It's also the reason most people are incapable of constructing more than a basic, surface-level argument about anything related to economics. "I used to make $0.40 an hour when I was a kid, but a loaf of bread was only $0.65 back then. So it's all relative."

Little time is spent teaching a priori reasoning in our schools, and certainly not as it pertains to the realm of economics. So economics remains a science that few understand, but all opine about.

Consider Nassim Nicholas Talib's story about the experience of a turkey...

A turkey is fed for 1,000 days by a butcher, and every day confirms to the turkey and the turkey's economics department and the turkey's risk management department and the turkey's analytical department that the butcher loves turkeys, and every day brings more confidence to the statement. But on day 1,001, there will be a surprise for the turkey...

Most people are turkeys.
 
That's lower than the minimum wage of Australia.

And I'm pretty sure France is close.

Australia has a top marginal tax rate of 45% for anybody making more than $180k/yr, and the unemployment rate in France is over 10%. Not sure the US wants to emulate those places, but clearly, they are.
 
I think in Alberta Canada minimum wage is already $15 at least. But that is because of the oil and natural gas fields, not because of the government.

I have nephews in that province and it was a struggle to convince them to finish high school (they both did).

Good paying jobs outside of the oil rigs. Great paying jobs in the fields if you weren't scared of getting your hands dirty. No university degree required.

Mind you I live in Vancouver and the anti-drill movement here is beyond stupid. People here literally don't know where the wealth of the city comes from.
 
Australia has a top marginal tax rate of 45% for anybody making more than $180k/yr, and the unemployment rate in France is over 10%. Not sure the US wants to emulate those places, but clearly, they are.

Don't forget the 5%+ payroll tax and all the other retarded taxes Australia has.

It costs $20 to get a drink in a night club in Australia, and you need to wait in a fucking long line to get it - not to mention I'm going to have my ID copied, fingerprint scanned and my photo taken, just to get into the club.

American service with it's tip based culture is significantly better than Australia's service culture. Minimum wage fucks that all up.
 


Robots arn't free either, contrary to popular belief!

It's about cost of capital vs cost of labour. At the moment, with interest rates at near 0%, capital is cheaper, hence mechanization. In fact capital has never been so cheap as it is now. If interest rates go up, then the story changes.

This is similar to what happened in the '90s. Interest rates were 5%-7% and companies outsourced to China where things were done without needing vast mechanization - in other words labour was cheaper than capital. They're reshoring now because capital is cheaper than labour.

It's too early to say how this experiment will pan out. A lot depends on the Fed and also on whether there is surplus labour in Seattle or whether there is a labour shortage there. Only a fool would claim with certainty that the price of labour is the only variable that counts...
 
It's about cost of capital vs cost of labour.

It is about productivity.

If the minimum wage is $15/hour, an employer must be able to make $15.01/hour whether he employs a laborer or invests in a machine. Whether the laborer or machine costs less is merely one factor in determining which option delivers greater productivity.


A lot depends on the Fed and also on whether there is surplus labour in Seattle or whether there is a labour shortage there.

There is never a shortage of labor. There are only minimum wage laws that prevent employers from hiring laborers and simultaneously prevent laborers who offer less productivity than the prevailing minimum wage from finding jobs.
 
Australia is expensive because they have super-tight immigration policies and as a result there is a shortage of labour. Shortage of labour means wages go up which feeds into inflation. There is a reason that country's inflation is out of step with the rest of the world. Same story in Norway - they are outside of the EU so no eastern europeans competing for jobs which means locals can bid wages up, which feeds into prices.

Nothing to do with minimum wage at all. Just artificial restrictions on the supply of labour via immigration policies.
 
Well, what do people expect when they vote for a fucking indian...

Somebody had to say it.

Inb4 Racism is bad.

Logic is invalid. White people been running America for XXX years. It's fucked up as shit now.

Machines would be better gov't - but someone would have to run them :(
 
It is about productivity.

And productivity is not just a function of the cost of labour - it's also a function of the cost of capital. It's a function of cost basically, and cost includes expenditure of capital in your business. You can only replace your staff with machines if the machines cost less, and the cost is still a consideration.

A lot of businesses are going to get a horrible shock if the Fed raises interest rates and renders their business models defunct. Expect maximum pressure on the Fed to hold interest rates where they are.

As for labour - it can and is restricted by immigration policies. If you look at the late 19th century when there was widespread deflation - that was due to there being no restrictions on the flow of labour around the world. Passports didn't exist then.

Immigration policy is all about restrictions in the supply of labour.