What would happen to the economy if minimum wages are raised?

Why is that, with a fifteen dollar an hour minimum wage? Doesn't that mean, the working poor will have more money to spend, to create more demand, in the long run?

McDonalds is already switching to Kiosks, robots(Pepper) and Ipads so higher wages will mean fewer jobs and less income for poor people and less demand in economy. Econ 101
unemployment compensation simply for being unemployed, solves that simple problem, dear.
The people who get laid off because of automation will get unemployment

You won't because you never had a job
shouldn't matter. employment at will, is just that; no automated car required.

automated car?

Do you even know what thread you're in?

You only can get unemployment if you had a job and you lost it by no fault of your own

That's how it will always be so you better learn to accept it
 
The poor that have jobs, that is. There would be fewer that actually have jobs at the higher wage.
There would be fewer working for slave wages if the minimum wage is higher.
There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.
who cares, if those not employed can opt for unemployment compensation?

Why presume fewer would be working?

Why presume raising the minimum wage would be inflationary?

Those who are not employed and have been displaced can receive UE, but not for ever. They must provide evidence that they are looking for a job, and the period of time under which UE insurance lasts can expire before a displaced person, especially in a slow economy, or worse, a recession. can secure employment.

Even when the do, the likelihood in such an economy is that they will make less and have fewer, if any, benefits. The consequences impact communities for decades (See: Roger and Me, here for a graphic example)

Roger & Me (1989) - Plot Summary - IMDb

BTW, simple explanations and simple solutions to the issue of MW & UE Insurance, Welfrare and other aspects of the economy are based on ignorance and biases, promulgated by the power elite who benefit by those who suffer and, or, exploited.
it may not be as inflationary as some claim, if anyone can quit and collect unemployment. employment is at will.

A person who quits a job is not eligible for UE insurance, they must be displaced by their employer, and not for cause (i.e. fired).
 
There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.
who cares, if those not employed can opt for unemployment compensation?
Anyone with two functioning brain cells cares, because we're making it harder for the unexperienced and unskilled to get jobs at all. There was a time when a teenager could get a job at a gas station pumping gas. Not any more. Soon they won't be able to get a job flipping burgers at a fast food restaurant. As we drive the MW higher, we lose the kinds of jobs these kids need to break into the job market.
reading comprehension not your strong suit?

who cares, if those not employed can opt for unemployment compensation?

they won't need to care about a job until they are ready for one. it really is that simple.
Apparently, you're not reading things very well. Everyone with two functioning brain cells cares very much that society not be saddled with the burden of supporting able bodied people perfectly capable of performing a useful job but who decide not to do so.
only the right, never gets it. Only Capital has to work under Any form of Capitalism, not fools or horses.

Only Capital has to work under Any form of Capitalism, not fools or horses.

Da comrade!
 
There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.
Politicians who care more about their working class families than corporation executive salaries and stockholders dividends will make a minimum wage a living wage by law.
No, they will not, and here is why.

1. They do hear from economists, and know that a MW raised that high that fast would kill the economy.
2. ANY MW that's supposed to be a "living wage" will end up simply chasing an ideal that can never be reached. First, jacking the MW increases inflation and within a short period of time erases any benefit. Secondly, those who got big raises and didn't lose their jobs and those who benefit politically from their votes will, in VERY short order, decide that whatever they set the MW to just isn't enough, and will insist on raising it yet again.
3. There is a significant number of people who would like to work and who would benefit from working, but don't need to be paid a lot to do so. Jacking the MW too high simply prices them out of the market, leaving them unemployed. You graduated from high school and want to start working? Great, just wait a few years until something opens up or enough experienced workers die to give you a spot.
Economists did not see the crash coming and cannot be trusted with predictions.
It is common sense that rapidly and drastically increasing the MW costs jobs.
only low end jobs. unemployment compensation simply for being unemployed can solve that problem.
Congratulations, you have unintentionally stumbled on a harsh reality about the MW. Raising it hurts the very people it is supposed to help, by destroying the low end jobs they need to get on the first rung of the job market. See, low end jobs are not intended to be long term. You are supposed to get in, get some experience and skills, then get raises and promotions to better jobs or leave to get a better one. Quite frankly, if you are still doing the same MW job after a few years, I have to wonder what you're doing wrong.
 
The Boss has the power to keep national, hell, global wages, low?
Public policy does that, merely to have the poor work harder so the rich can get richer faster.

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.
The government can set the legal amount for a living wage.

The government can set the legal amount for a living wage.

Yes, the government can do lots of stupid things. Doesn't mean they should though.
yet, we have a War on Drugs that the right, also prefers to pay for instead of higher wages.

Is it tough for you to get your weed?
 
good for the rich; they appreciate your help getting richer, faster.

Hey I don't pay into SS because most of my income comes from business profits and rents

I'm on my payroll for 30K a year and I put most of that into retirement savings so I defer income taxes on it

It's not my fault you can't run your own business
it isn't for everyone. i prefer to grow plants and work at the speed of plants growing.
yeah slow and lazy

Which is why you want everyone else who isn't slow and lazy to support you

Dude, you're harshing his buzz.
why equate slow with lazy? the right wing is slow and lazy regarding reading comprehension.

and, you are going to pay for it one way or the other; is capitalism just too difficult for the right and they prefer the simplicity of socialism and Ten simple Commandments.

Dude, don't bogart that joint.
 
There would be fewer working for slave wages if the minimum wage is higher.
There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.
who cares, if those not employed can opt for unemployment compensation?

Why presume fewer would be working?

Why presume raising the minimum wage would be inflationary?

Those who are not employed and have been displaced can receive UE, but not for ever. They must provide evidence that they are looking for a job, and the period of time under which UE insurance lasts can expire before a displaced person, especially in a slow economy, or worse, a recession. can secure employment.

Even when the do, the likelihood in such an economy is that they will make less and have fewer, if any, benefits. The consequences impact communities for decades (See: Roger and Me, here for a graphic example)

Roger & Me (1989) - Plot Summary - IMDb

BTW, simple explanations and simple solutions to the issue of MW & UE Insurance, Welfrare and other aspects of the economy are based on ignorance and biases, promulgated by the power elite who benefit by those who suffer and, or, exploited.
it may not be as inflationary as some claim, if anyone can quit and collect unemployment. employment is at will.

A person who quits a job is not eligible for UE insurance, they must be displaced by their employer, and not for cause (i.e. fired).
He's trying to change the meaning of unemployment compensation to cover welfare, and refuses to budge from that position.
 
Public policy does that

Public policy keeps wages low? How? Why? Please explain further.
The government can set the legal amount for a living wage.

The government can set the legal amount for a living wage.

Yes, the government can do lots of stupid things. Doesn't mean they should though.
Governments who do not look after the rights and aspirations of the working people can be given the boot when the electorate are informed and when they have a broad choice for whom to vote.

Governments who do not look after the rights and aspirations of the working people can be given the boot


And when the government does lots of stupid things, working people get hurt.
like how? better safety regulations?

Like the minimum wage. Like the "ACA".
 
Politicians who care more about their working class families than corporation executive salaries and stockholders dividends will make a minimum wage a living wage by law.
No, they will not, and here is why.

1. They do hear from economists, and know that a MW raised that high that fast would kill the economy.
2. ANY MW that's supposed to be a "living wage" will end up simply chasing an ideal that can never be reached. First, jacking the MW increases inflation and within a short period of time erases any benefit. Secondly, those who got big raises and didn't lose their jobs and those who benefit politically from their votes will, in VERY short order, decide that whatever they set the MW to just isn't enough, and will insist on raising it yet again.
3. There is a significant number of people who would like to work and who would benefit from working, but don't need to be paid a lot to do so. Jacking the MW too high simply prices them out of the market, leaving them unemployed. You graduated from high school and want to start working? Great, just wait a few years until something opens up or enough experienced workers die to give you a spot.
Economists did not see the crash coming and cannot be trusted with predictions.
It is common sense that rapidly and drastically increasing the MW costs jobs.
only low end jobs. unemployment compensation simply for being unemployed can solve that problem.
Congratulations, you have unintentionally stumbled on a harsh reality about the MW. Raising it hurts the very people it is supposed to help, by destroying the low end jobs they need to get on the first rung of the job market. See, low end jobs are not intended to be long term. You are supposed to get in, get some experience and skills, then get raises and promotions to better jobs or leave to get a better one. Quite frankly, if you are still doing the same MW job after a few years, I have to wonder what you're doing wrong.

I have to wonder what reality in which you reside.
 
There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

yes prices will go up by the exact amount of the wage increase and no net benefit will be possible. Everybody earning the minimum wage will kill incentive to improve your skills.


Minimum wage more pure libsocialist ignorance:
1) makes it illegal to employ people not worth minimum wage
2) raise prices for poor people who often shop where minimum wage folks work
3) speeds up automation and replacement of minimum wage jobs
4) teaches people that you get ahead with govt violence rather than being worth more
5) raises prices, reduces demand, and thus reduces employment
6) makes American workers even less competitive with foreign workers
7) makes a huge % of work force minimum age workers with no incentive to improve their skills.

Explaining basic economics to a Libtard is like explaining the designated hitter rule to a pig.
 
No, they will not, and here is why.

1. They do hear from economists, and know that a MW raised that high that fast would kill the economy.
2. ANY MW that's supposed to be a "living wage" will end up simply chasing an ideal that can never be reached. First, jacking the MW increases inflation and within a short period of time erases any benefit. Secondly, those who got big raises and didn't lose their jobs and those who benefit politically from their votes will, in VERY short order, decide that whatever they set the MW to just isn't enough, and will insist on raising it yet again.
3. There is a significant number of people who would like to work and who would benefit from working, but don't need to be paid a lot to do so. Jacking the MW too high simply prices them out of the market, leaving them unemployed. You graduated from high school and want to start working? Great, just wait a few years until something opens up or enough experienced workers die to give you a spot.
Economists did not see the crash coming and cannot be trusted with predictions.
It is common sense that rapidly and drastically increasing the MW costs jobs.
only low end jobs. unemployment compensation simply for being unemployed can solve that problem.
Congratulations, you have unintentionally stumbled on a harsh reality about the MW. Raising it hurts the very people it is supposed to help, by destroying the low end jobs they need to get on the first rung of the job market. See, low end jobs are not intended to be long term. You are supposed to get in, get some experience and skills, then get raises and promotions to better jobs or leave to get a better one. Quite frankly, if you are still doing the same MW job after a few years, I have to wonder what you're doing wrong.

I have to wonder what reality in which you reside.
What part of what I said do you not think reflects reality?
 
No, they will not, and here is why.

1. They do hear from economists, and know that a MW raised that high that fast would kill the economy.
2. ANY MW that's supposed to be a "living wage" will end up simply chasing an ideal that can never be reached. First, jacking the MW increases inflation and within a short period of time erases any benefit. Secondly, those who got big raises and didn't lose their jobs and those who benefit politically from their votes will, in VERY short order, decide that whatever they set the MW to just isn't enough, and will insist on raising it yet again.
3. There is a significant number of people who would like to work and who would benefit from working, but don't need to be paid a lot to do so. Jacking the MW too high simply prices them out of the market, leaving them unemployed. You graduated from high school and want to start working? Great, just wait a few years until something opens up or enough experienced workers die to give you a spot.
Economists did not see the crash coming and cannot be trusted with predictions.
It is common sense that rapidly and drastically increasing the MW costs jobs.
only low end jobs. unemployment compensation simply for being unemployed can solve that problem.
Congratulations, you have unintentionally stumbled on a harsh reality about the MW. Raising it hurts the very people it is supposed to help, by destroying the low end jobs they need to get on the first rung of the job market. See, low end jobs are not intended to be long term. You are supposed to get in, get some experience and skills, then get raises and promotions to better jobs or leave to get a better one. Quite frankly, if you are still doing the same MW job after a few years, I have to wonder what you're doing wrong.

I have to wonder what reality in which you reside.

The reality where a low-skilled job doesn't pay enough to buy a home and raise 4 kids in the suburbs.
 
There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

yes prices will go up by the exact amount of the wage increase and no net benefit will be possible. Everybody earning the minimum wage will kill incentive to improve your skills.


Minimum wage more pure libsocialist ignorance:
1) makes it illegal to employ people not worth minimum wage
2) raise prices for poor people who often shop where minimum wage folks work
3) speeds up automation and replacement of minimum wage jobs
4) teaches people that you get ahead with govt violence rather than being worth more
5) raises prices, reduces demand, and thus reduces employment
6) makes American workers even less competitive with foreign workers
7) makes a huge % of work force minimum age workers with no incentive to improve their skills.

Explaining basic economics to a Libtard is like explaining the designated hitter rule to a pig.
Yeah, it doesn't accomplish anything and annoys the pig.
 
depends; i could rent a room with someone and go to school.

And of course you want us to pay your tuition
you are already paying for a War on Poverty. Why not actually solve simple poverty.

So me paying for you solves poverty?

You know what else solves poverty?

Working
you can quit if you don't like paying taxes. there are plenty of others who won't mind doing your job.

Says the person who wants to collect money for not working

And I pay my taxes every quarter and I;ll guarantee I pay more in taxes annually than you make in 2 years
If we are going to end the war on drugs then the people who pay taxes should get some of that money back. it shouldn't be given to lazy fucks who refuse to work
no one is making you work. i don't make policy, or we would have a better economy. why do you care if someone has to work for a living or not; do you also care how much someone else makes?
 
Why is that, with a fifteen dollar an hour minimum wage? Doesn't that mean, the working poor will have more money to spend, to create more demand, in the long run?

McDonalds is already switching to Kiosks, robots(Pepper) and Ipads so higher wages will mean fewer jobs and less income for poor people and less demand in economy. Econ 101
unemployment compensation simply for being unemployed, solves that simple problem, dear.
The people who get laid off because of automation will get unemployment

You won't because you never had a job
shouldn't matter. employment at will, is just that; no automated car required.

automated car?

Do you even know what thread you're in?

You only can get unemployment if you had a job and you lost it by no fault of your own

That's how it will always be so you better learn to accept it
i would rather accept the law. the law is employment at will.
 
There would be fewer working for slave wages if the minimum wage is higher.
There would be fewer working, period. The only question is how many fewer. Obviously, a higher MW kills jobs. Doubt it? Set it to $100/hr and ask what would happen. Now, you CAN have a MW that doesn't kill too many jobs all at once, but you have to keep it low enough that it really doesn't make much of a difference. We have already lost a lot of low end jobs to higher costs, but as long as the pace is gradual enough, not too many complain.
who cares, if those not employed can opt for unemployment compensation?

Why presume fewer would be working?

Why presume raising the minimum wage would be inflationary?

Those who are not employed and have been displaced can receive UE, but not for ever. They must provide evidence that they are looking for a job, and the period of time under which UE insurance lasts can expire before a displaced person, especially in a slow economy, or worse, a recession. can secure employment.

Even when the do, the likelihood in such an economy is that they will make less and have fewer, if any, benefits. The consequences impact communities for decades (See: Roger and Me, here for a graphic example)

Roger & Me (1989) - Plot Summary - IMDb

BTW, simple explanations and simple solutions to the issue of MW & UE Insurance, Welfrare and other aspects of the economy are based on ignorance and biases, promulgated by the power elite who benefit by those who suffer and, or, exploited.
it may not be as inflationary as some claim, if anyone can quit and collect unemployment. employment is at will.

A person who quits a job is not eligible for UE insurance, they must be displaced by their employer, and not for cause (i.e. fired).
why insist the poor have to work when there are no jobs and the rich can simply "steal from them" through unequal protection of the law.
 
who cares, if those not employed can opt for unemployment compensation?
Anyone with two functioning brain cells cares, because we're making it harder for the unexperienced and unskilled to get jobs at all. There was a time when a teenager could get a job at a gas station pumping gas. Not any more. Soon they won't be able to get a job flipping burgers at a fast food restaurant. As we drive the MW higher, we lose the kinds of jobs these kids need to break into the job market.
reading comprehension not your strong suit?

who cares, if those not employed can opt for unemployment compensation?

they won't need to care about a job until they are ready for one. it really is that simple.
Apparently, you're not reading things very well. Everyone with two functioning brain cells cares very much that society not be saddled with the burden of supporting able bodied people perfectly capable of performing a useful job but who decide not to do so.
only the right, never gets it. Only Capital has to work under Any form of Capitalism, not fools or horses.

Only Capital has to work under Any form of Capitalism, not fools or horses.

Da comrade!
capitalism at its finest.
 
Politicians who care more about their working class families than corporation executive salaries and stockholders dividends will make a minimum wage a living wage by law.
No, they will not, and here is why.

1. They do hear from economists, and know that a MW raised that high that fast would kill the economy.
2. ANY MW that's supposed to be a "living wage" will end up simply chasing an ideal that can never be reached. First, jacking the MW increases inflation and within a short period of time erases any benefit. Secondly, those who got big raises and didn't lose their jobs and those who benefit politically from their votes will, in VERY short order, decide that whatever they set the MW to just isn't enough, and will insist on raising it yet again.
3. There is a significant number of people who would like to work and who would benefit from working, but don't need to be paid a lot to do so. Jacking the MW too high simply prices them out of the market, leaving them unemployed. You graduated from high school and want to start working? Great, just wait a few years until something opens up or enough experienced workers die to give you a spot.
Economists did not see the crash coming and cannot be trusted with predictions.
It is common sense that rapidly and drastically increasing the MW costs jobs.
only low end jobs. unemployment compensation simply for being unemployed can solve that problem.
Congratulations, you have unintentionally stumbled on a harsh reality about the MW. Raising it hurts the very people it is supposed to help, by destroying the low end jobs they need to get on the first rung of the job market. See, low end jobs are not intended to be long term. You are supposed to get in, get some experience and skills, then get raises and promotions to better jobs or leave to get a better one. Quite frankly, if you are still doing the same MW job after a few years, I have to wonder what you're doing wrong.
only lousy implementation does that. low wages merely means more taxes for social services; only the right, never gets it.
 
Public policy does that, merely to have the poor work harder so the rich can get richer faster.

Public policy does that

Public policy keeps wages low? How? Why? Please explain further.
The government can set the legal amount for a living wage.

The government can set the legal amount for a living wage.

Yes, the government can do lots of stupid things. Doesn't mean they should though.
yet, we have a War on Drugs that the right, also prefers to pay for instead of higher wages.

Is it tough for you to get your weed?
not really. i prefer to just grow it.
 
Anyone with two functioning brain cells cares, because we're making it harder for the unexperienced and unskilled to get jobs at all. There was a time when a teenager could get a job at a gas station pumping gas. Not any more. Soon they won't be able to get a job flipping burgers at a fast food restaurant. As we drive the MW higher, we lose the kinds of jobs these kids need to break into the job market.
reading comprehension not your strong suit?

who cares, if those not employed can opt for unemployment compensation?

they won't need to care about a job until they are ready for one. it really is that simple.
Apparently, you're not reading things very well. Everyone with two functioning brain cells cares very much that society not be saddled with the burden of supporting able bodied people perfectly capable of performing a useful job but who decide not to do so.
only the right, never gets it. Only Capital has to work under Any form of Capitalism, not fools or horses.

Only Capital has to work under Any form of Capitalism, not fools or horses.

Da comrade!
capitalism at its finest.

Works better than your Marxism.
 

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