Minimum wage increase would eliminate 500,000 jobs

[houndawg]

That will be a temporary effect, Cuck.

If Sears starts offering $20/hr there will be very little turnover at Sears.

You should probably learn to read before you respond to the adults in the room.

Not necessary here.

[UNI88]

Everybody is right and everyone is wrong. In short term windows, raising the minimum wage does help some and it does hurt others - there will be people with higher wages and there will be layoffs. But in the end, in a longer term window (and a relatively short one at that) the economy adjusts, inflation ticks up slightly, and the purchasing power of those still with jobs who got the increase decreases back to essentially what it was before the blip. And those who lost their jobs because of the blip soon find employment again. So at the end of all of this posturing and bickering, we're right back where we were when we started. So in essense, this is all just political drama that doesn't really help or hurt anyone except those who like the drama. Super.

GF pretty much nailed this and no one noticed. I'm wondering if everyone plays a mean game of pinball.

[Chizzang]

I think there is a misunderstanding... of sorts

I don't care if they fiddle with the Minimum wage (to get votes)
I just think it's fascinating that when they even talk about it
There's a group that predicts TOTAL ECONOMIC DEVASTATION to follow the .25 cent raise

I've watched King County move the minimum up damn near every year since 2005
and it seems to have no real effects / and as a side note / King County has a bit of a low grade pay scale battle being waged between a few key players

that's all: No agony / No total economic melt down / no burning police cars in the street

[LeadBolt]

Everybody is right and everyone is wrong. In short term windows, raising the minimum wage does help some and it does hurt others - there will be people with higher wages and there will be layoffs. But in the end, in a longer term window (and a relatively short one at that) the economy adjusts, inflation ticks up slightly, and the purchasing power of those still with jobs who got the increase decreases back to essentially what it was before the blip. And those who lost their jobs because of the blip soon find employment again. So at the end of all of this posturing and bickering, we're right back where we were when we started. So in essense, this is all just political drama that doesn't really help or hurt anyone except those who like the drama. Super.

GF pretty much nailed this and no one noticed. I'm wondering if everyone plays a mean game of pinball.

Correct. I actually believe that periodic minimal raises in the minimum wage that are not enough to significantly move the inflation or job needle are the most effective. Therefore, I believe in the long run a rise to $7.60-8.10 would end up being more beneficial than a raise to $10.10 at this time. Indexing is not a great idea as prices do not rise uniformly.

[houndawg]

Everybody is right and everyone is wrong. In short term windows, raising the minimum wage does help some and it does hurt others - there will be people with higher wages and there will be layoffs. But in the end, in a longer term window (and a relatively short one at that) the economy adjusts, inflation ticks up slightly, and the purchasing power of those still with jobs who got the increase decreases back to essentially what it was before the blip. And those who lost their jobs because of the blip soon find employment again. So at the end of all of this posturing and bickering, we're right back where we were when we started. So in essense, this is all just political drama that doesn't really help or hurt anyone except those who like the drama. Super.

Ain't capitalism grand?

[GannonFan]

Everybody is right and everyone is wrong. In short term windows, raising the minimum wage does help some and it does hurt others - there will be people with higher wages and there will be layoffs. But in the end, in a longer term window (and a relatively short one at that) the economy adjusts, inflation ticks up slightly, and the purchasing power of those still with jobs who got the increase decreases back to essentially what it was before the blip. And those who lost their jobs because of the blip soon find employment again. So at the end of all of this posturing and bickering, we're right back where we were when we started. So in essense, this is all just political drama that doesn't really help or hurt anyone except those who like the drama. Super.

Ain't capitalism grand?

What's the alternative? Capitalism works great for a large amount of people, espeically for the very talented. Unfortunately, poor people get screwed no matter what system you pick. Until I see a better alternative, capitalism is indeed grand for me.

[YoUDeeMan]

Ain't capitalism grand?

What's the alternative? Capitalism works great for a large amount of people, espeically for the very talented. Unfortunately, poor people get screwed no matter what system you pick. Until I see a better alternative, capitalism is indeed grand for me.

Capitalism is good for anyone with energy and drive. It is almost impossible to not make money in a capitalistic economy. How much money is up to the individual, their creativity, and their effort.

[BDKJMU]

I think there is a misunderstanding... of sorts

I don't care if they fiddle with the Minimum wage (to get votes)
I just think it's fascinating that when they even talk about it
There's a group that predicts TOTAL ECONOMIC DEVASTATION to follow the .25 cent raise

I've watched King County move the minimum up damn near every year since 2005
and it seems to have no real effects / and as a side note / King County has a bit of a low grade pay scale battle being waged between a few key players

that's all: No agony / No total economic melt down / no burning police cars in the street

Well then why stop at $9.19, or $11 an hr. Why not make it $20 or $30 an hr?

[kalm]

I think there is a misunderstanding... of sorts

I don't care if they fiddle with the Minimum wage (to get votes)
I just think it's fascinating that when they even talk about it
There's a group that predicts TOTAL ECONOMIC DEVASTATION to follow the .25 cent raise

I've watched King County move the minimum up damn near every year since 2005
and it seems to have no real effects / and as a side note / King County has a bit of a low grade pay scale battle being waged between a few key players

that's all: No agony / No total economic melt down / no burning police cars in the street

Well then why stop at $9.19, or $11 an hr. Why not make it $20 or $30 an hr?

If the minimum wage tracked productivity, it would be over $20/ hour. Why do you hate productivity?

[BDKJMU]

Well then why stop at $9.19, or $11 an hr. Why not make it $20 or $30 an hr?

If the minimum wage tracked productivity, it would be over $20/ hour. Why do you hate productivity?

You think productivity gains have been even across the entire economy?

[kalm]

If the minimum wage tracked productivity, it would be over $20/ hour. Why do you hate productivity?

You think productivity gains have been even across the entire economy?

Do you think income gains have been even?

[GannonFan]

You think productivity gains have been even across the entire economy?

Do you think income gains have been even?

Why did you duck his question? Do you honestly believe that the productivity gains we have seen have been equal across the economy, especially in the minimum wage jobs we are talking about? If you answered that it should answer your rebuttal question about income gains and one reason why they haven't been even.

[kalm]

Do you think income gains have been even?

Why did you duck his question? Do you honestly believe that the productivity gains we have seen have been equal across the economy, especially in the minimum wage jobs we are talking about? If you answered that it should answer your rebuttal question about income gains and one reason why they haven't been even.

Do you think the wealthy work proportionately harder today than the working poor compared to 1968?

[YoUDeeMan]

Why did you duck his question? Do you honestly believe that the productivity gains we have seen have been equal across the economy, especially in the minimum wage jobs we are talking about? If you answered that it should answer your rebuttal question about income gains and one reason why they haven't been even.

Do you think the wealthy work proportionately harder today than the working poor compared to 1968?

You might as well surrender, kalm. Admit it, you painted yourself in a corner and are just throwing out spitballs.

I'll leave you with this...you can argue proportionality of income distribution all you want (and your only choices are to change those proportions or keep the proportions the same, so you might as well draw a line and let us know exactly what you believe is a fair distribution - but you won't do that, will you), but the poor today are better off than they've ever been as they have much more than they've ever had...food, living space, income without working, child services, you name it.

Being poor, in this country, is a state of mind. As long as you have your health, and you have everything you need to live (and no one in this country doesn't), then you have the ability, if you choose, to work towards making your life better.

16 billionaires who started with nothing:

http://money.msn.com/investing/c_galler ... =253537097" onclick="window.open(this.href);return false;

[kalm]

Do you think the wealthy work proportionately harder today than the working poor compared to 1968?

You might as well surrender, kalm. Admit it, you painted yourself in a corner and are just throwing out spitballs.

I'll leave you with this...you can argue proportionality of income distribution all you want (and your only choices are to change those proportions or keep the proportions the same, so you might as well draw a line and let us know exactly what you believe is a fair distribution - but you won't do that, will you), but the poor today are better off than they've ever been as they have much more than they've ever had...food, living space, income without working, child services, you name it.

Being poor, in this country, is a state of mind. As long as you have your health, and you have everything you need to live (and no one in this country doesn't), then you have the ability, if you choose, to work towards making your life better.

16 billionaires who started with nothing:

http://money.msn.com/investing/c_galler ... =253537097" onclick="window.open(this.href);return false;

Totally agree that our poor are well off. They are well off because they either take advantage of an overly generous system or go into debt or both to live their version of the American dream. Btw, many of the same companies that fight to keep the minimum wage low also rely upon the purchasing power of the poor.

If minimum wage jobs were ONLY stepping stones that went to teenagers like BDK believes, I'd be fine with actually lowering it. But they are not.

Hell no I won't draw a fair distribution line.

But the current amount of families relying upon minimum wage jobs and public assistance while we see record profits and wealth growth elsewhere is quite the conundrum, ain't it?

[UNI88]

Do you think income gains have been even?

Why did you duck his question? Do you honestly believe that the productivity gains we have seen have been equal across the economy, especially in the minimum wage jobs we are talking about? If you answered that it should answer your rebuttal question about income gains and one reason why they haven't been even.

He ducked the question but he also asked a legitimate question.

Productivity gains have not been even. I would hazard a guess that increases in the minimum wage have been greater than increases in productivity for fast food and similar workers.

It's completely reasonable to ask why on average C-suite executives at large companies are taking home far more today than they were 10 years ago while the people working for them are doing more for the same or lower pay (after factoring in cost of living increases and paying more for health care) because the executives laid off a chunk of the workforce but wanted to maintain production levels. Don't ask for links, this is my opinion. Did the C-suite executives earn those increases? Aren't the workers and middle managers earning more because they're now taking care of the responsibilities of those who have been laid off?

[houndawg]

You think productivity gains have been even across the entire economy?

Do you think income gains have been even?

[CAA Flagship]

FWIW

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

https://www.npr.org/2019/07/08/73960796 ... s-cbo-says

[LeadBolt]

You think productivity gains have been even across the entire economy?

Do you think income gains have been even?

Are they supposed to be even?

[Chizzang]

FWIW

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

https://www.npr.org/2019/07/08/73960796 ... s-cbo-says

Now the CBO is a valid source of economic information



3 years ago it was all lunatics, socialists and witch craft

[GannonFan]

FWIW

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

https://www.npr.org/2019/07/08/73960796 ... s-cbo-says

Now the CBO is a valid source of economic information



3 years ago it was all lunatics, socialists and witch craft

Both sides do it. The left will ignore the CBO in this case while the right touts the CBO's financial acumen. That's politics.

[Ibanez]

FWIW

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

https://www.npr.org/2019/07/08/73960796 ... s-cbo-says

I didn't go into the data but what kind of jobs would be cut? Old economy jobs that are already on the way out?

[CAA Flagship]

FWIW

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

https://www.npr.org/2019/07/08/73960796 ... s-cbo-says

Now the CBO is a valid source of economic information



3 years ago it was all lunatics, socialists and witch craft

Where did you get the idea that anyone considered this a valid source?

[Chizzang]

Now the CBO is a valid source of economic information



3 years ago it was all lunatics, socialists and witch craft

Where did you get the idea that anyone considered this a valid source?

now you're just hurting my feelings

and this...

[Ibanez]

Where did you get the idea that anyone considered this a valid source?

now you're just hurting my feelings

and this...

Seems legit


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