Does the MinWage help the economy? Let's find out!

Discussion in 'Politics' started by The Rabbi, Jun 27, 2012.

  1. The Rabbi
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    The Rabbi Diamond Member

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    Fortunately this idiotic exercise in socialism is not happening here but in France.
    France to Boost Minimum Wage - WSJ.com

    The idea is they will increase the min wage, increasing people's earning power and growing the economy with consumer spending.
    I thought France was the country of Voltaire and Rousseau, not the country of the Chance the Gardener. Who imagines this crap is going to work?
    ANd when (not if) it fails, the cry will be they didnt raise min wage high enough.
     
  2. Black_Label
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    Black_Label Registered Democrat

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    Look at the most prosperous region in the world, Scandinavia. In sweden virtually every job is union and makes around $18 an hour on average.

    Then you can look at right wing utopias like Iran and Saudi arabia where people make pennies an hour, if you can even find a job.
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    You really dont know jackshit do you?
     
  4. Black_Label
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    Black_Label Registered Democrat

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    "Facts are stubborn things" Aren't they? :D
     
  5. DiamondDave
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    DiamondDave Army Vet

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    'most prosperous'.. :rolleyes:

    Cough 25% VAT... cough 50+% tax rates... cough horrible 'social security' scheme... cough unfriendly to business... cough thinking 1/2 of GDP as taxation is a good thing

    Idiot
     
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  6. The Rabbi
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    The Rabbi Diamond Member

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    You don't know jackshit about facts, junior.
     
  7. Warrior102
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    Warrior102 Gold Member

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    Yeah - let's look at Scandanavia, you uneducated fucking twit.

    Last time I was in Oslo, I paid $12 for a fucking Big Mac. We were skipping meals becuase it was so Goddamned expensive (taxes)

    It's the most expensive city in the world.

    Read up on this, next time you're pinching a loaf of bullshit - Taxation in Norway - Wikipedia, the free encyclopedia

    Everyone rides around on bicycles or light rail.

    One big kum-by-yah.

    It's an Obama "Utopia."
     
  8. Chris
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    Chris Gold Member

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    “The Republicans believe in the minimum wage -- the more the minimum, the better.”

    ― Harry S. Truman
     
  9. SniperFire
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    SniperFire Senior Member

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    Minimum-Wage Increase Fails

    "Republicans argued that an increase in the minimum wage would discourage employers from hiring workers and would hinder people in the early stages of their careers from gaining skills and advancing. "

    Error - washingtonpost.com icle/2006/06/21/AR2006062101069.html



    THEN:

    Sen. Edward Kennedy of Massachusetts said Thursday that increasing the federal minimum wage from $5.15 to $7.25 would be his top priority as chairman of the Senate Committee on Health, Education, Labor and Pensions.

    On the House side, incoming Speaker Nancy Pelosi, D-Calif., already has listed an increase in the minimum wage as one of the issues that would be taken up during the first 100 hours of the next Congress."
    Democrats join to raise minimum wage - Business - msnbc.com



    Pelosi - in her first officlal act, took the young person's minimum wage an amazing 40%.

    She destroyed the opening wage scale at exactly the wrong time.



    THEN:

    "The unemployment rate for young Americans has exploded to 52.2 percent -- a post-World War II high, according to the Labor Dept. -- meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.

    And worse, without a clear economic recovery plan aimed at creating entry-level jobs, the odds of many of these young adults -- aged 16 to 24, excluding students -- getting a job and moving out of their parents' houses are long. Young workers have been among the hardest hit during the current recession -- in which a total of 9.5 million jobs have been lost. "

    http://www.nypost.com/p/news/business/the_dead_e nd_kids_AnwaWNOGqsXMuIlGONNX1K"


    TODAY:

    More than 7 in 10 US teens jobless in summer
    By HOPE YEN, Associated Press – Jun 12, 2012

    The Associated Press: More than 7 in 10 US teens jobless in summer



    Elections have consequences, peeps.

    Vote responsibly next time.
     
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    Last edited: Jun 27, 2012
  10. Katzndogz
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    Katzndogz Diamond Member

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    In Sweden there is no general minimum wage. It depends on the job. There is a minimum wage for engineers and a different minimum wage for garbage collectors. There's no national minimum wage.

    A minimum wage doesn't really help anyone. Instantly people making minimum wage think that they will be better able to provide for themselves because they are making more money. That doesn't last because as the minimum wage rises, so do prices. The minimum wage worker soon find themselves in exactly the same position he was in before he ever got a raise.
     

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