- Jan 24, 2015
- Reaction score
- Alta California, federalist.
That is just you ignoring the CBO report you like to cite.Why do you believe persons nearly doubling their wage will have decreased purchasing power? Statements like that are usually nothing but right wing propaganda yet you would have us believe you are not a right winger.And the people who lose their jobs won't. The people who keep their jobs will have decreased purchasing power so it ain't gonna be the big economic lift you think it will be.
The people making 7.25 an hour now are going to be the ones that lose their jobs first so there won't be a huge number of people who actually see a doubling of their pay.
This is the CBO's prediction and if you had a single logical brain cell it would make sense to you.
And if you actually read what I have written I said it's the people who are making close to 15 an hour now that will see their purchasing power decrease. The people making 7. 25 an hour now won't have any purchasing power because they will lose their jobs. How many people do you think make the federal MW anyway? FYI it's less than 2% of all workers.
Real earnings for workers while they remained employed would increase by $64 billion,
Real earnings for workers while they were jobless would decrease by $20 billion,
Those who keep their jobs will outnumber those who lose their jobs and those keeping their jobs will be spending more and creating more demand along with paying more in tax revenue.
And, more comprehensive unemployment compensation can mitigate the loss of real earnings of those disemployed.