The Economy must be doing worse than we're told

by **CARVER** » Wed 12 Apr 2006, 18:26:02

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('jaws', 'S')hould someone not tip, his reputation will become negative and eventually other waiters will refuse to enter into exchanges with that person (either by providing hostile service or "altering the product").

by **rogerhb** » Wed 12 Apr 2006, 18:43:27

$this->bbcode_second_pass_quote('jaws', 'A') tipper is behaving perfectly rationally when tipping, he is exchanging good service for money.

by **UIUCstudent01** » Wed 12 Apr 2006, 21:43:14

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('jaws', 'A') tipper is behaving perfectly rationally when tipping, he is exchanging good service for money.

by **threadbear** » Wed 12 Apr 2006, 21:45:07

$this->bbcode_second_pass_quote('UIUCstudent01', '')$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('jaws', 'A') tipper is behaving perfectly rationally when tipping, he is exchanging good service for money.

by **seahorse** » Wed 12 Apr 2006, 21:58:46

I'm not sure how this thread went off on the tipping tangent, but for all non US members, certain jobs in the US are exempt from Federal minimum wage laws, and those jobs normally receive tips (waiters for example).

by **rogerhb** » Wed 12 Apr 2006, 22:27:38

$this->bbcode_second_pass_quote('seahorse', 'c')ertain jobs in the US are exempt from Federal minimum wage laws, and those jobs normally receive tips (waiters for example).

by **Chaparral** » Wed 12 Apr 2006, 23:22:45

Anyone who pays fruit-pickers or construction workers sub-minimum wage would be technically breaking the law.

I do not pay my contractors a tip. Their reward for a job well done consists of my allowing them to bid on future projects I may need done on my buildings. If their work is of sufficiently high quality and their prices within reason, I give them the job. There is no tipping for copper-repipe or roofing work.

I do know of a few colleagues who give out bonuses to their more conscientous workers. Perhaps that could be considered a form of tipping.

Now i shall refrain from feeding this troll any more and go back to placing limit orders.

by **ohanian** » Thu 13 Apr 2006, 09:21:21

$this->bbcode_second_pass_quote('TommyJefferson', 'A')ll the mainstream economic media say the US economy is chugging along nicely with only a hint of slowdown in the 3rd quarter and a "leveling" of home prices.

This contradicts what I'm see out here in the real world. I'm seeing LOTS of people trying to sell off excess personal toys like boats, lake lots, and motorcycles.

I watch the local want-ad papers and ebay for bargins on things I enjoy. I'm seeing a MUCH higher volume of stuff appearing. Things are also staying for sale longer. They are also selling for much lower prices.

Example:

After five days on the auction block, this motorcycle has only been bid up to $5,100

http://cgi.ebay.com/ebaymotors/ws/eBayI ... 4628843063

Three years ago this style of bike in this condition would have *easily* brought $12,000 in the first few bids since new ones like it were $21,000. It would have eventually sold for around $17,000.

I'll be watching this bike to see if it even tops $11,000

by **seahorse2** » Thu 13 Apr 2006, 13:29:55

If you think its bad for the US, this article says in 10 years its financial doomsday according the the US's own calculations.

Washington Post

by **rogerhb** » Thu 13 Apr 2006, 17:33:52

$this->bbcode_second_pass_quote('seahorse2', 'I')f you think its bad for the US, this article says in 10 years its financial doomsday according the the US's own calculations.

by **eric_b** » Thu 13 Apr 2006, 18:14:25

$this->bbcode_second_pass_quote('oilfreeandhappy', '')$this->bbcode_second_pass_quote('GreyLady', 'H')ere (Ontario, Canada), it is not even a matter of common. The minimum wage for your labour as a server of alcohol is lower to reflect the expected tip. $6.75/h instead of $7.75/h. Because tipping is expected, and can bring in a lot of cash, it is rare to get paid more than that minimum. So when people stop tipping, you feel it right away. Everyone (in Ontario) knows this, so to leave nothing on the bar...

by **emailking** » Thu 13 Apr 2006, 19:20:03

My opinion is that these people should be paid a competitive wage instead of $2 an hour. Raise the food prices. I shouldn't have to worry about the tip.

by **jaws** » Thu 13 Apr 2006, 20:48:49

$this->bbcode_second_pass_quote('emailking', 'M')y opinion is that these people should be paid a competitive wage instead of $2 an hour. Raise the food prices. I shouldn't have to worry about the tip.

by **emailking** » Thu 13 Apr 2006, 22:48:06

But what I've never understood is why we've structured our law so that this an exception to the minimum wage. Even if they have a bad day at work, they should at least get the minimum wage.

For those of you worried about waiters getting a fair amount of money, leave as soon as you're done eating, and don't delay while you're eating. They can only serve people put in their section. And if you're there, they can't serve anyone else in that spot. They're also not allowed to leave until everyone they have served has cashed out, so at the very least pay your bill if you're going to dilly dally. (My ex was a former waitress and she would tell me all these things when we went out to eat.)

by **jaws** » Thu 13 Apr 2006, 23:29:24

I've never understood why we have a minimum wage at all, but we still have one!

by **threadbear** » Fri 14 Apr 2006, 00:04:27

$this->bbcode_second_pass_quote('jaws', 'I')'ve never understood why we have a minimum wage at all, but we still have one!

by **kabu** » Fri 14 Apr 2006, 00:22:20

$this->bbcode_second_pass_quote('jaws', 'I')'ve never understood why we have a minimum wage at all, but we still have one!

by **TommyJefferson** » Fri 14 Apr 2006, 02:37:11

$this->bbcode_second_pass_quote('ohanian', 'T')he auction has ended. The highest bid was $9975
My prediction of less than $10,000 turned out to be TRUE.

by **rogerhb** » Fri 14 Apr 2006, 02:54:11

$this->bbcode_second_pass_quote('kabu', 'A') free market always takes care of itself.

by **jaws** » Fri 14 Apr 2006, 03:14:38

$this->bbcode_second_pass_quote('rogerhb', 'W')hich particular economic law states that everyone will earn enough to feed themselves?

The Economy must be doing worse than we're told

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