It's high-time that we doubled the National Minimum-Wage in America

Not just taxes, but expensive regulatory statutes.

 

"Minimum wage"-advocates are the same kind of people who think smashing windows is good for the economy.

 

Don't get me wrong, I favor a minimum wage... A starting point... But I'm NOT for that wage being a trap.

 

I too favour a minimum wage as long as it is no higher than 0.

 

LOL!

Well played!

 

New businesses have many challenges.

Since you have no documentation to substantiate your claim, which is entirely false, allow me to provide documentation: https://www.cbo.gov/publication/44995

I'll look for an apology and a retraction.

 

Everything stated in that report is false. If it was indeed true that raising the "minimum wage" helps people to exit poverty, then why not just set the mw of every job at seven million USD?
If it was possible to eliminate poverty by signing a document, I'd be the first one in line. However, that is not how things work and thinking so is utterly naive and shockingly ignorant.

First of all, the report uses a very nuanced and careful phrasing; "Raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. But some jobs for low-wage workers would probably be eliminated and the income of those workers would fall substantially." From this argument they then decide not be consistent in their logic; first they point out that only "some" (whatever the heck it is supposed to mean) will indeed benefit, but - at the same time -"many" (again, what does this even mean?) will be hurt badly by an increase of the mw. Despite admitting that "many" will not benefit from an increase, they - somehow - draw tje conclusion that everyone will bemefit. Now, where is the logic to that?

Furthermore, the report is only looking at absolute growth, that is the number of people with jobs. They are not looking at the unemployment rate because doing so would trash their agenda by proving a high mw is consistent with high unemployment rates.

The reason there is an absolute growth of employment that correlates with a higher minimum wage is because the middle-class kids are now working the jobs they previously were not willing to take, leaving the lower-class unemployed. When "Stacy" comes home from college for Christmas break, she will see a part-time job at Wendy's as attractive due to the recently raised salary. The boss of Wendy's will then rather hire "Stacy" than "Tyrone" because with a higer wage comes higher qualifications. This is because employees will see it as too risky to hire someone unskilled because it could mean big losses.

The white middle-class has now taken the jobs from the low-class minorities. Congrats, bro.

How hard is this to understand? If we increase the price of something, fewer people are going to demand that service, yes? If a "minium wage" does infact work, then a "minimum price" - with the same logic applied - should work to increase sales of the service in question. Do you really think that if the "minimum price" of miök was set at 25$ would increase sales and boost the industry or would it perhaps have the opposite effect?

Please think before posting. This issue is very simple and blindly swallowing fancy diagrams will get you nowhere in life.

 

LOL!!!!!!! The CBO is producing false information because you said so! Wowie, that sure convinced me!!

So you go from lame to ridiculous. I hope you don't really expect anyone to take what you said seriously.

Please think before posting. This issue is very simple and blindly swallowing right wing half-baked propaganda will get you nowhere in life.

 

Aaaaw, you could only address the sarcastic remarks in my post and completely looked past my theoretic analysis. Good, good.

 

The left used to have sense and were against minimum wage because they knew it would hurt the unprivileged. Somewhere along the line they lost their logic. For some reason. :/

Also, it is absolutely hilarious that you call facts of basic economics "propaganda".

 

You didn't have any.

 

No they weren't against it.

You posted no "facts of basic economics".

 

You mean like the number of jobs that will be lost by raising the minimum wage by the non-partisan Congressional Budget Office?

 

I got a much better idear.

Let's lower the cost of living.

 

That awkward moment when you raised the minimum wage to help cleaning ladies, but the free market invented robots and the companies hired cats to handle them:

 

No more work for Consuela.

 

Tough break too.

Mr. Superman home dirty!

Good thing Mr. Superman no home!

 

Superman does his job for free, but with a minimum wage in play, he will be a criminal too! :'(

 

Meanwhile, Svetlana is fired from 'Hooters' because a stripper now needs a phD in chemistry to get a job. Her daughter dies from starvation and Svetlana is too poor to even afford suicide.

 

Like the ~62 million Americans receiving SS and SSI, in which we can assume many in this group basically live off of their SS/SSI incomes. There are calculated SS inflationary increases but they never seem to keep up with the true cost of living. Greatly increasing the cost of labor will definitely increase the price of goods and services which will severely pinch those on SS and SSI...

 

The CBO doesn't shoot in the dark from the hip. Those numbers are back by more statistics and facts than Ritter's were.

 

actually CBO believe's in law of supply and demand too. A Rolls Royce sells less than a VW after all!!

"That Clemens and Wither model actually has the best empirical support from recent research. It's also the one that predicts an entirely scary 16.8 million jobs lost from a $15 minimum wage. My headline only talks about the middle estimate, the CBO model."

Today's it's this extraordinary idea that we can simply insist, by law, that the wages of 50 million people be raised and there will be no effect upon anything other than that those wages will rise and kittens will gambol more happily in the new sunshine this brings about.
Sadly, as with all such delusions, reality has a way of breaking in and so it is with this idea of a $15 national minimum wage. And here is a bit of that reality: an analysis of what will actually happen if anyone is deluded enough to try to make $15 an hour the national minimum wage for the US. 6.6 million, yes, that's 6,600,000 jobs will be lost. That's actually more people than earn at or under the current minimum wage.

https://www.forbes.com/sites/timwor...6-million-jobs-yes-6600000-jobs/#14e7df943db7

bottom line is that in the end we are more certain than ever that liberalism is based in pure ignorance.

 

If you double the minimum wage, I'll be in my boss' face the next day demanding more money. I will then go and buy things as quickly as possible before the prices go up.

Please go ahead and do this whenever you like.

 

What a fun conversation. Just another example of how woefully ignorant of actual value most liberal thinkers are. They believe that if they simply waive the magic wand that you can improve the economic status of those who produce the least value without effecting the rest of the economy. Truly, this is simply a failure to understand the economic realities of the world. But who can really blame them? With degrees in asinine pursuits, and further belief that additional specialization in those asinine pursuits produces economic value, what else are we to expect from them?

It's laughable.

 

It's sadly true. Liberalism is based in pure ignorance. They are no better than children who believe in Santa Claus which may prove that humans are not ready for democracy. Looking through history this is the norm. If Republicans were irrational too we'd have history as usual, ie constant war, chaos, poverty. It makes you appreciate how lucky we are to have thinking Republicans as half the power structure in this country. Without them civilization would be lost.