- May 3, 2011
- Reaction score
Whining ToddsterPatriot and Blues Man, I no less than you support our nations domestic and foreign commerce. But I’m among those opposed to favoring immediate commercial gains that disfavor USA wage earners and their lower income families.On what page does it say it's "an improvement of our nation’s economic and social wellbeing"?
e read page 3, table 1, " Effects of Increases in the Federal Minimum Wage on Employment, Income, and Poverty, 2025 "
and consider the “Raise the Wage” bill as a proposal net beneficial to USA’s economic and social wellbeing.
We consider U.S. Congressional Budget Office’s projections of increased incomes for USA’s aggregate lower wage-earning workers and lower income families as fully justifying the 1/10 of a percent reduction of for all our families. In aggregate, those income reductions only occur within the higher family incomes’ brackets.
read page 3, table 1,
Thanks. This shows the net loss, because it's not a net benefit.
In aggregate, those income reductions only occur within the higher family incomes’ brackets.
In aggregate, those employment reductions mostly occur within the lower family incomes’ brackets.
Some employers therefore respond to a higher minimum wage by reducing their low-wage staff and shifting toward those substitutes. That reduces employment among low-wage workers but might increase it among higher-wage workers.
That doesn't sound helpful, does it?