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Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

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Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

An Executive Order will raise the Minimum Wage to a "living wage" (whatever that is).

Whatever the union workers are getting. The same as how construction workers are required to receive a "prevailing wage", aka what the unions get. Of course, the union workers only see about 1/3 of that actual wage; the rest goes to the union bosses.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

One of the barriers to having a decent conversation about business and economics is the short-hand terminology used by some people. Two people might use the same word yet have a very different understanding of that word: it might be a badge of pride for one and a pejorative term to the other.

I found these distinctions from a question on where would Aristotle's beliefs fall in today's political spectrum:


Aristotle is usually classified as a "classical republican," which is more misleading than helpful, given contemporary American political party names. A "classical republican" is typically contrasted with a "classical liberal," which only makes matters worse, given contemporary political (ab)uses of the "L-word."

So here is a quick-and-dirty (read: not entirely adequate) brief account of what these terms are supposed to mean. A classical liberal is one who tends to think in terms of maintaining limits on the government's power to interfere in individual people's liberties. (A term related here that is also important in contemporary rhetoric is "libertarian.") Classical republicans tend to think in terms of what would make the best and most effective (or most admirable or choiceworthy) constitution, such that the entire welfare of the community is the primary consideration.

In contemporary political debates, no sides (right, left or center) map perfectly onto this distinction. In general, considerations of such things as "basic human rights" tend to fall on the classical liberal side.... In general, however, I would characterize most political discourse in American politics as mostly saturated with classically liberal elements and with attempts to shape governments with concerns for individual liberties prominentl... [emphases added]

These distinctions lead to some droll results, as it might suggest that today's progressives are "classical republicans" who want to use the power of the state to shape the "entire welfare of the community" while the Tea Party represents "classical liberals" because they want to "maintain limits on the government's power to interfere in individual people's liberties."
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

These distinctions lead to some droll results, as it might suggest that today's progressives are "classical republicans" who want to use the power of the state to shape the "entire welfare of the community" while the Tea Party represents "classical liberals" because they want to "maintain limits on the government's power to interfere in individual people's liberties."
I would disagree with your charecterization of the Tea Party, at least in its current form. When the movement began it certainly held a libertarian feel. Now, however, the self-ascribed Tea Party members of the Republican party tend to merely want lower taxes while forcing their religious views upon the nation; the party gained leaders while losing its original ideals.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

I would disagree with your charecterization of the Tea Party, at least in its current form. When the movement began it certainly held a libertarian feel. Now, however, the self-ascribed Tea Party members of the Republican party tend to merely want lower taxes while forcing their religious views upon the nation; the party gained leaders while losing its original ideals.

There are still two facets of the Taxed Enough Already party. However, the second one you described is certainly losing itself because of the idiotic move it tried to pull, which was to basically hi-jack a name because it sounded patriotic and push the old agenda. I am proud to be part of the first version you described. Santelli 2016 :p:D
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Those TV commercials about auto insurance are quite misleading (as well as annoying...)

"I changed my auto insurance to Company X and saved money!"

Well, DUH! I can't imagine an ad that says "I changed my auto insurance to Company X even though it cost more." [SUP]1[/SUP]


Auto insurance companies underwrite applicants before they accept them. So what we basically see are insurance companies trying to cherry-pick the best risks away from each other. If you have a crappy driving record, you most likely can't / won't switch.




[SUP]1[/SUP] I can see it happening though if you also improve your coverage by more than the increase in cost; then it's a value proposition: maybe the new company uses a better quality replacement parts, maybe you get higher liability limits or lower deductibles that make the increase worthwhile; maybe the service (or lack thereof) at your existing insurer is terrible and you've just had it with them. Nevertheless, the next time I see a commercial that touts these reasons will probably be the first time.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Those TV commercials about auto insurance are quite misleading (as well as annoying...)

"I changed my auto insurance to Company X and saved money!"

Well, DUH! I can't imagine an ad that says "I changed my auto insurance to Company X even though it cost more." [SUP]1[/SUP]


Auto insurance companies underwrite applicants before they accept them. So what we basically see are insurance companies trying to cherry-pick the best risks away from each other. If you have a crappy driving record, you most likely can't / won't switch.




[SUP]1[/SUP] I can see it happening though if you also improve your coverage by more than the increase in cost; then it's a value proposition: maybe the new company uses a better quality replacement parts, maybe you get higher liability limits or lower deductibles that make the increase worthwhile; maybe the service (or lack thereof) at your existing insurer is terrible and you've just had it with them. Nevertheless, the next time I see a commercial that touts these reasons will probably be the first time.

When I moved to Europe, I changed auto insurance and saved money. I paid a hundred dollars a year. Needless to say when I moved back, I didn't save.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Those TV commercials about auto insurance are quite misleading (as well as annoying...)

"I changed my auto insurance to Company X and saved money!"

Well, DUH! I can't imagine an ad that says "I changed my auto insurance to Company X even though it cost more." [SUP]1[/SUP]


Auto insurance companies underwrite applicants before they accept them. So what we basically see are insurance companies trying to cherry-pick the best risks away from each other. If you have a crappy driving record, you most likely can't / won't switch.




[SUP]1[/SUP] I can see it happening though if you also improve your coverage by more than the increase in cost; then it's a value proposition: maybe the new company uses a better quality replacement parts, maybe you get higher liability limits or lower deductibles that make the increase worthwhile; maybe the service (or lack thereof) at your existing insurer is terrible and you've just had it with them. Nevertheless, the next time I see a commercial that touts these reasons will probably be the first time.

Also, not unlike directv, there is no certainty that you receive the best/current rate if you have been with a company for a lengthy period. Additionally, life changes such as kids, marriage, teenage drivers etc. often prompt people to search out new opportunities...there is also no guarantee the comparison is on identical coverage/deductible etc.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Also, not unlike directv, there is no certainty that you receive the best/current rate if you have been with a company for a lengthy period. Additionally, life changes such as kids, marriage, teenage drivers etc. often prompt people to search out new opportunities...there is also no guarantee the comparison is on identical coverage/deductible etc.

I've been with my provider for 8 years now. Having turned 36 in July, my insurer reduced my rates significantly as I've now moved into a lower risk pool. I had no idea that my pool had changed. The reason for stating this is simple, if an insurer is intent on keeping low risk people who pay their premiums, they'll treat them very well regardless of how long that customer has had a policy. It's simply too easy to switch providers these days.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Get ready for your 401K to tank. The Bone Man's got the wheel and we're headed over the cliff.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

[Most of t]hose TV commercials about auto insurance are quite misleading I can't imagine an ad that says "I changed my auto insurance to Company X even though it cost more." [SUP]1[/SUP]


[SUP]1[/SUP] I can see it happening though if you also improve your coverage by more than the increase in cost; then it's a value proposition: maybe the new company uses a better quality replacement parts, maybe you get higher liability limits or lower deductibles that make the increase worthwhile; maybe the service (or lack thereof) at your existing insurer is terrible and you've just had it with them. Nevertheless, the next time I see a commercial that touts these reasons will probably be the first time.


"The next time I see a commercial that touts these reasons..." :o oops.

My bad. Apologies to Liberty Mutual auto insurance company, which has been running exactly that kind of commercial for years now. Maybe you've seen some of their latest? the guy who tries to dunk a basketball and pulls the backboard down onto his hood, or the fellow tossing around a football at a tailgate party who knocks a grill into the back of a minivan and sets in on fire, or the man trimming a tree limb who drops it on his neighbor's car?
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Get ready for your 401K to tank. The Bone Man's got the wheel and we're headed over the cliff.
Wal Mart cut orders for the last 2 quarters of this year, can't be a good sign when you do that right before Christmas shopping season
 
Wal Mart cut orders for the last 2 quarters of this year, can't be a good sign when you do that right before Christmas shopping season

Because it doesn't employ enough people to stock its shelves properly. It's not that the inventory is unwanted, it's that the company is too cheap to make sure customers can get it. It's actually cut its workforce over the last 5-10 years despite opening hundreds of new stores.

Yet another reason I avoid Wally world whenever possible.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Because it doesn't employ enough people to stock its shelves properly.

um, Walmart has a program under which many of its suppliers stock its shelves directly, one that is held up as a model for others in supply chain management.

Does it really matter who they work for as long as they have jobs?
 
um, Walmart has a program under which many of its suppliers stock its shelves directly, one that is held up as a model for others in supply chain management.

Does it really matter who they work for as long as they have jobs?

http://mobile.bloomberg.com/news/20...ng-orders-as-unsold-merchandise-piles-up.html

the company has forfeited some sales because it doesn’t have enough workers in stores to keep shelves adequately stocked.
...
Wal-Mart is already struggling to keep shelves stocked, in part because stores lack the manpower to move items to sales floors from back rooms and shipping containers in parking lots. The U.S. workforce at Wal-Mart’s namesake and Sam’s Club warehouse chains fell by about 120,000 employees in the past five years, to about 1.3 million, according to regulatory filings. In that time, the company has added more than 500 U.S. stores through July 31.
 
That's just freaking bizarre. Why does that make any sense??

It makes sense to me as its part of a fad running through corporate America. This fad is that you have to operate at the absolute minimum of workers to get through the day. Sounds good in theory, but the problem is that when workers leave (different jobs, move, maternity leave, etc) and you're down to the bare minimum, operations suffer and it ends up costing more to recruit and train new people on the fly.
 
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

“The bulk of the freight doesn’t usually come until two weeks before Black Friday,” said Gertz, a member of OUR Walmart, a union-backed group seeking to improve working conditions at the chain.

So, we've got a comment from Walmart management that some inventory is up, some is down. And then a few anecdotal stories from at least one person who identifies themselves as a union member seeking to improve working conditions. I'll put $1 down that the second worker is either also a member or was made known to the author via the union.

The comment that sales are being lost is from the author...that is either an opinion or a guess. If it was a quote it would be noted so in an article full of quotes. It is tacked onto a statement from the store, likely to give the impression it is something the company said.

Can't speak for most of the country but in the east, it was a weird summer for weather. I would expect lots of chains that have summer or garden sections had unusual sales stats. It wouldn't be unusual here to cut the grass 2x a week in May but every 10 days in August...but this year it needed to be cut every week.

I don't think I've been in a Walmart in 5+ years or longer; I don't like the way they have historically damaged small businesses but this article doesn't read to me like a balanced assessment of their inventory situation.

Retail inventory is a fickle business and an article that exposes the 'huge problem' of a retailer finding out seasonal sales didn't go as planned is not a revelation.

Companies used to have whole departments of extras, waiting for somebody to get pregnant etc...analysts would track things like the dating scene, condom purchases etc. and predict the need for more people...after years of research they figured out if they could narrow down the date of conception, it usually took 9 months for the person to have the baby...but the bean-counters put an end to the Extras Department and just recently a fad has started of corporations keeping staffing levels in line with their business needs. It is why the stock market is up.
 
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Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread

Seeing as how so many people want to be the #1, I'm surprised that demand hasn't pushed the price down. Maybe the standards are too high for the #1, and so that pushes the demand low.
 
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