The dollar may collapse some day but I'm pretty sure it won't be in my lifetime, my kids or my grandkids.

I'm all about cutting government debt and the size of government though so I'm not against you about this.

It's only better until the RoW decides our money is play money and they basically black list us.

wouldnt quarters dimes etc drop before the dollar bill does

Still #1, for how long?? 70 years?

FYP

Lol, edit ninja not fast enough ^^^^

From grammar to content, I believe this to be the stupidest comment I have ever read. I can literally feel the conservative rage bubbling out of your tiny little mind.

This.

No use arguing with some people itt, much too simpletons

One person said everything would double - and I'm not even convinced he really believes everything will double.

Stop acting like everyone ITT against raising MW believes that.

From exaggeration to insults, I believe this to be the most typical liberal response that I have ever read. I can literally feel the hypocrissy bubbling in your little mind.

Some of you are very proud of the us economy.
But how many hours do you work in a week?
How much do you have to pay for medications?
And how much do you have to pay for healthcare i you can't afford insurance?

It makes me think of some crazy person that puts so much of his salary into buying guns that he forgets to feed his children. It also makes me miss the good old days when Americans were allowed to play online poker.

The real problem is that most small wage jobs, driving jobs and other jobs that can be replaced by robotics will throw humans out of the workforce in our lifetimes. Eventually half the people won't even need to work.


Basically it's time to think of a new type of economy, yall muth****ers are thinking of things as if they gonna stay the same. Your idea of an economy is on it's last legs and will be obsolete at some point. Our entire paradigm of how we value people and resources will have to change completely.


Time to stop thinking in a 20th century mindset and step it your game to a 21st century mindset and beyond. Things are gonna change, simple as that. You guys are living in the past and arguing about obsolete things.

Basically that, but transitions of this kind are never smooth. While the end result could be great, It will most likely get rough over the next century, in many ways. Mass replacements of the workforce are just starting to occur. For the US specifically, it's been happening not just with robotics, but with virtually all manufacturing jobs also being lost to China.

lol it's mind blowing that there are Americans who actually think they're the best economy going into the future. lol you guys add aboslutely nothing to the world economy anymore except for ****ty, expensive labor and overpriced computers, and you owe the entire world more than you will ever produce again, you guys are ****ed lol how do you not see that

Well, labor is one factor in the cost of goods, so if the cost of labor goes up, so will the cost of goods.

Now, if you're a reasonable fellow, you will realize that the two forces will not offset each other unless labor makes up 100% of 100% of the goods and services people buy. But reasonable fellows generally don't comment on economics, because being reasonable, they understand the futility of it all. So you're just left with people reciting the talking points of those who paid a lot of money to "educate" people with far lower income to recite their talking points.

People who talk about how we are the "best economy in the world" and that's why the dollar can't collapse know nothing about economics. Even if we are the "strongest economy in the world" that means nothing in regards to a dollar collapse. You can be the smartest ****** on the short bus, it doesn't mean you are clever. Even if we hyperinflate at a slower rate then "weaker" economies around the world, hyperinflation is still the end game. You might feel all warm and nationalistic when a gallon of milk only costs $50 in the USA instead of 100 euros in the "economically weaker" EU, but either way we are still both shafted. Relative strength means nothing. What matters are the absolute costs of the commodities we need to survive.

Unemployment by definition is counted only for those who are looking for jobs.

Are you seriously comparing GDP figures without normalizing for population? Wow.

Nice trolling, you gave me a good laugh, because I know you aren't really dumb enough to believe this.

$15/hr would also mean more people can afford to buy more guns... so theres that as well.

OK, your way puts the U.S. #10. Of the nine higher, six are tiny countries with massive oil deposits. The other three are San Marino (population 32k), Luxembourg (population 500k) and Switzerland, which is the largest of any of the nine countries, having a population of 8m.

It seems pointless to compare a country of 320m with a bunch of oil rich countries, many having less than 1m people, and some small European ones, the largest of which has 2.5% the population, but there it is.

Another way to look at it is the U.S., number three in population, has the second highest GDP per capita of the top 100 countries in terms of population. Switzerland is 98th in population.

The funny part is that you're actually dumb enough to think it's not true

I believe you're a stats guy dima, would like to hear your opinion on the validity of this stat pertaining to youth demographics

I have no reason to doubt BLS stats. They know their business very well, and they will not create invalid or misleading statistics. Other people may use their statistics selectively to make invalid or misleading points, or misrepresent what BLS in reality measures, but there is nothing they can do about that.

That said, even if these teen unemployment statistics are not invalid, they're in my opinion not really negative on their own. Teenagers should focus on school, and have fun when they're off from school; they should not be working at that age. There will be plenty of that **** later on in life. Forced unemployment may actually be good for them, even if they don't know it yet.

And even ignoring this admittedly paternalistic first argument, it's daft to just look at unemployment effects of any policy. There are positive effect that come from increased minimum wage, a very obvious one, so only ideologues would reject the concept of balance and go for an extreme.

Read your post again (I know you read slow, so take your time) , then honestly try to tell me that it's not the stupidest post in this whole thread. If you really think that it's not, it's just verification of your stupidity.