Raise the Minimum Wage

Hello conservatives! Here's the news today.....

50% of conservatives, actually want a higher wage

That's right, and none more true than Mitt Romney, who not only wants to raise the wage, but higher than 10.10$

You see, the US government is actually requiring corporations to pay around 3.50$ less than they were when the wage was instated. Congress had determined, if we were to go by modern inflation standards, that 10.86$ a hour is the standard of living all citizens are entitled to. But it seems some are ignoring the numbers

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Now you might be asking, what is the real minimum wage? Well, here's the congressional research service to tell us.....

http://www.fas.org/sgp/crs/misc/R42973.pdf

I'm probably going to hear a lot of.....

"Of course the wage decreased in value. We have to account for inflation"

Wrong!!! You see, the conservative parties have been trying to push inflation control on the masses for decades now. Have we forgotten about John Keynes? The great mind who taught us life and love in economics? The universally renowned economist, showed that deflation is the greatest form of inflation. Lets analyze what we know.....

1. Inflation controls prices

2. The people who consume the most are lower class

3. Lower class citizens, on average, receive minimum income increments

Therefore, would it not be logical, to set the wage of said citizen with current pricing amounts? As the congressional research service said, the wage value should be increased as inflation does. What we've been doing, essentially, is lowering wages as inflation increases. This is illogical, as we are actually lowering consumption rates, standards of livings, and corporate growth, for no reason at all then monetary inflation control.

By keeping the wage below 10.50$, the GOP is trying to control the free market

Of course the republicans don't tell their loyal voters this. Its a blatant double standard. They hide this fact to keep their precious libertarian registration up. This type of money control is reckless, and as I was saying, doesn't even work. Why? Because they forget one thing.

As consumption increases, so do inflation rates They trick you with there own lie. That you can't raise wages, because prices will inflate. You know what also inflates? The USD, which is their whole goal in the first place. Do you know what USD inflation does? It shrinks the debt, skyrockets investment, and excels corporate growth

Oh, so what's left standing? Yes, how could I forget.......... jobs. We can't raise wages, as existing companies with low profit margins will collapse! Or will they? The Economic Policy Institute, a non bias think tank, has created a large in depth study, that predicts raising the wage would create 85,000 new jobs

Here's the intro, due to the tremendous size of the PDF file....

As the report says, the people affected aren't even the "uneducated lower classmen" that the conservative rhetoric's make us believe. Therefore, it would be 100% illogical to not raise the minimum wage. Don't be the brainwashed 30% people

 

It just redistributes wealth from the poorest of the poor to the poor.

I don't see why it even needs to exist.

 

Whoa, nothing yet? Jeez, brace for impact.


Ninja'd

Good post, I'm looking forward to the debate.

 

Its not redistribution. Its called monetary circulation, and its how economies survive. Do you know the opposite of socialism? Corporatism, and its the radical ideology America's headed for. Left or right, someones getting screwed. As I said though, consumption rates actually boost lower and upper class incomes.

The EDI report also said the main benefactors would be the middle class. If everyone benefits, how is it redistribution?

 

Thanks, but I have the majority opinion on my side. Even so, I was fully prepared for the horde that will soon follow.

 

Well, except the poorest. Their jobs don't exist anymore because their salary is below the minimum so now they have to go on welfare.

 

Did you not see the EDI report I disclosed? Even the CRS predicts job growth as well. I call this a win-win.

BTW, I can't find the government report, but here's a link if you want to look through some PDF's for it

http://www.loc.gov/search/?q=job+growth

 

Really? No response? I was expecting a fight

 

The CBO predicts job loss.......so what's your point

Somewhere between 500k and 1 million jobs lost.

why do you hate minimum wage workers so much you would risk 1 million jobs?

And I can cite my source.

http://www.cbo.gov/publication/44995

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Im your Huckleberry

 

why a fight? The only fight you should get is that if $10 is good, wouldn't $20 per hour be better? And $30 per hour would lift everyone and the economy would soar.

Yes, mandate $30 per hour minimum for all; let's get this economy steam rolling; oh, and a chicken in every pot too.

 

And 10,000 non government sources predict the opposite. The congressional research service is a non biased source, that predicts job growth. The CBO's job didn't disclose this as an official publication, did they?

That's outrageously false. Even the Cato Institute, which is a conservative think tank, predicts a maximum of 5,000 jobs lost. And that's owned by the Koch brothers.

Ignoring your ad-hominen, the statistics are simply not true. According to nearly every major government publication, this was proven false. The CBO did not make a formalized research assessment, which must I say, was 1/6th of the size of my EDI report.

I cited 5. Want some more?

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This logic is fallacious. My whole argument was that it should be adjusted to inflation. If you increase wages to far ahead of inflation, then supply and demand becomes obsolete. In other words, everything becomes free. Please explain this argument, as it is quite outrageous.

 

Foolish to think that.

But if you want a response just look at the post below yours. I don't need to reiterate that.

 

Feel free. I provided a pretty good refutation to that. I quite enjoy debating with you

 

Yes that was an official publication on February of this year.

Bull(*)(*)(*)(*) on the Cato reference.

http://object.cato.org/sites/cato.org/files/pubs/pdf/PA701.pdf

Robert's opinion means nothing to me. The only sources claiming it will not kill jobs are on the side for the hike.

CBO is non partisan .....and usually never under estimate.

 

Its not marked as an official publication, and with good reason. Most real reports are signed and around 100 pages of in depth analysis.

Confused

First of all, we know why Cato isn't a reliable source. That was the PDF I was quoting though in reference to Cato. Can you point out the line that says 5000 jobs wont be lost? As that was the number I saw when I read the report, while playing devils advocate with my friend.

CBO is actually disputed by a lot of government sources. Either way, the writer of the report means as little to me as Reich does to you. BTW, I re-read the report, and the CBO actually says that "losses will be small and easy to re-coup". Look, the Washington administration uses the CBO report in defense of a wage hike.....

http://www.whitehouse.gov/sites/default/files/uploads/sotu_minimum_wage.pdf

 

Why don't you start a business, pay what you think is fair, and then mind your business regarding the affairs of others?

 

Because I care about the economic future of my country. I don't want to brag or be conceded, so lets not bring my own personal history with micro economics into this, ok?

 

http://www.cbo.gov/publication/44995

Here is the link to the page that links to the PDF Its publication #44995

The White House publication does not match up to the CBO estimate. The snipped out the highlights and left out the low lights.

This is the report they are harping on.

Here is where it was in USA Today

http://www.usatoday.com/story/news/politics/2014/02/18/cbo-minimum-wage-jobs/5582779/

The White House made up the other stats with help from friendly economists

And Democrats sure didn't have any issues with CBOs numbers in regards to Obamacare.

You don't get to pick and chose when you like their analysis .

I didn't not find any numbers in the Cato report...........just that they expected job losses

You show me the report and I will gladly retract my statement

 

If this were true you would not be on board with the federal government arbitrarily defining what a jobs value is worth.

 

Sorry, but i don't support raising the minimum wage. The creation of jobs and wealth is a myth.


the only thing that happens is that prices will rise, and we're back to square one. The prices rise because of greedy corporations.

What I'd do, rather is put on a price feed and force the corporations to lower their prices.

It's a radical idea that will upset many people because the only thing far too many people care about is the money, but I think it's one whos' time has come.

 

I'm glad you care about the country. But this is supposed to be a free country, we don't need people running around telling someone what they are mandated to pay others.

Ok, comrade?

 

You would have had the majority opinion on your side at one time claiming the world was flat.

 

Today, Seattle approved a $15 minimum wage. Where's all of the Seattle hate?

 

California to $13

http://www.latimes.com/local/politi...inimum-wage-to-13-in-2017-20140529-story.html

 

I say let's do it. I want to see you make more than you do now, Csareo.