Biden stimulus bill $15 minimum wage

Oldestyle

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As all the empirical economic evidence reveals 15 dollars per hour would not cost jobs or be inflationary, well below the medium wage in every state, including Mississippi the argument against it is ideological, not economic. Based on primitive economic assumptions and gut feelings not economic evidence.

Now America is lost in the whirling storms of it's own emotions, much policy is not rational or beneficial to society as a whole, there will be a lot of opposition to this very rational economic proposal, but if it does get through demand will increase, poverty will decrease and America will be one step closer to the elusive concept known as civilisation.
You struggle with basic economic principles, Jake! One of those is that people tend to buy more of something when it is cheap and less of it when it is expensive. That goes for labor as well as products or services. When labor is inexpensive then employers employ more people or have their existing workers work more hours. When labor is expensive then employers lay off people or have existing workers work less hours. That isn't a "gut feeling"...that's reality! An increase in the minimum wage will result in the people who have the hardest time getting work...the young and the unskilled...being left out of the workforce.
I would agree with you but for the cost of our endless War on Poverty. Special pleading with microeconomics is just that, an appeal to ignorance of macroeconomics and macroeconomy of the welfare of the United States in general.
Oh, god...another Danielpalos post where you try and sound like you know something about something you obviously know nothing about! Amazing that you can put so much gobbledygook into one sentence! Do you even grasp that made ZERO sense or are you so delusional you actually think you're being intelligent with that gibberish?
You have no sense or you would have more than, nothing but fallacy (of argumentum ad hominem).
Back to butcher the English language a bit more, Daniel? There has to be a 9th grade English teacher somewhere that winces every time they think of you! :)
 

danielpalos

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As all the empirical economic evidence reveals 15 dollars per hour would not cost jobs or be inflationary, well below the medium wage in every state, including Mississippi the argument against it is ideological, not economic. Based on primitive economic assumptions and gut feelings not economic evidence.

Now America is lost in the whirling storms of it's own emotions, much policy is not rational or beneficial to society as a whole, there will be a lot of opposition to this very rational economic proposal, but if it does get through demand will increase, poverty will decrease and America will be one step closer to the elusive concept known as civilisation.
You struggle with basic economic principles, Jake! One of those is that people tend to buy more of something when it is cheap and less of it when it is expensive. That goes for labor as well as products or services. When labor is inexpensive then employers employ more people or have their existing workers work more hours. When labor is expensive then employers lay off people or have existing workers work less hours. That isn't a "gut feeling"...that's reality! An increase in the minimum wage will result in the people who have the hardest time getting work...the young and the unskilled...being left out of the workforce.
I would agree with you but for the cost of our endless War on Poverty. Special pleading with microeconomics is just that, an appeal to ignorance of macroeconomics and macroeconomy of the welfare of the United States in general.
Oh, god...another Danielpalos post where you try and sound like you know something about something you obviously know nothing about! Amazing that you can put so much gobbledygook into one sentence! Do you even grasp that made ZERO sense or are you so delusional you actually think you're being intelligent with that gibberish?
You have no sense or you would have more than, nothing but fallacy (of argumentum ad hominem).
Back to butcher the English language a bit more, Daniel? There has to be a 9th grade English teacher somewhere that winces every time they think of you! :)
In right wing fantasy, you are Always Right; here, you are merely full of fallacy.
 

Oldestyle

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As all the empirical economic evidence reveals 15 dollars per hour would not cost jobs or be inflationary, well below the medium wage in every state, including Mississippi the argument against it is ideological, not economic. Based on primitive economic assumptions and gut feelings not economic evidence.

Now America is lost in the whirling storms of it's own emotions, much policy is not rational or beneficial to society as a whole, there will be a lot of opposition to this very rational economic proposal, but if it does get through demand will increase, poverty will decrease and America will be one step closer to the elusive concept known as civilisation.
You struggle with basic economic principles, Jake! One of those is that people tend to buy more of something when it is cheap and less of it when it is expensive. That goes for labor as well as products or services. When labor is inexpensive then employers employ more people or have their existing workers work more hours. When labor is expensive then employers lay off people or have existing workers work less hours. That isn't a "gut feeling"...that's reality! An increase in the minimum wage will result in the people who have the hardest time getting work...the young and the unskilled...being left out of the workforce.
I would agree with you but for the cost of our endless War on Poverty. Special pleading with microeconomics is just that, an appeal to ignorance of macroeconomics and macroeconomy of the welfare of the United States in general.
Oh, god...another Danielpalos post where you try and sound like you know something about something you obviously know nothing about! Amazing that you can put so much gobbledygook into one sentence! Do you even grasp that made ZERO sense or are you so delusional you actually think you're being intelligent with that gibberish?
You have no sense or you would have more than, nothing but fallacy (of argumentum ad hominem).
Back to butcher the English language a bit more, Daniel? There has to be a 9th grade English teacher somewhere that winces every time they think of you! :)
In right wing fantasy, you are Always Right; here, you are merely full of fallacy.
In your fantasy world...you know how to use punctuation, Daniel! Here? Not so much! :)
 

danielpalos

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As all the empirical economic evidence reveals 15 dollars per hour would not cost jobs or be inflationary, well below the medium wage in every state, including Mississippi the argument against it is ideological, not economic. Based on primitive economic assumptions and gut feelings not economic evidence.

Now America is lost in the whirling storms of it's own emotions, much policy is not rational or beneficial to society as a whole, there will be a lot of opposition to this very rational economic proposal, but if it does get through demand will increase, poverty will decrease and America will be one step closer to the elusive concept known as civilisation.
You struggle with basic economic principles, Jake! One of those is that people tend to buy more of something when it is cheap and less of it when it is expensive. That goes for labor as well as products or services. When labor is inexpensive then employers employ more people or have their existing workers work more hours. When labor is expensive then employers lay off people or have existing workers work less hours. That isn't a "gut feeling"...that's reality! An increase in the minimum wage will result in the people who have the hardest time getting work...the young and the unskilled...being left out of the workforce.
I would agree with you but for the cost of our endless War on Poverty. Special pleading with microeconomics is just that, an appeal to ignorance of macroeconomics and macroeconomy of the welfare of the United States in general.
Oh, god...another Danielpalos post where you try and sound like you know something about something you obviously know nothing about! Amazing that you can put so much gobbledygook into one sentence! Do you even grasp that made ZERO sense or are you so delusional you actually think you're being intelligent with that gibberish?
You have no sense or you would have more than, nothing but fallacy (of argumentum ad hominem).
Back to butcher the English language a bit more, Daniel? There has to be a 9th grade English teacher somewhere that winces every time they think of you! :)
In right wing fantasy, you are Always Right; here, you are merely full of fallacy.
In your fantasy world...you know how to use punctuation, Daniel! Here? Not so much! :)
You still need valid arguments not merely fallacy. Have any valid rebuttals or do you have no sense?
 

Jake Winker Frogen

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No I get it, Americans go on their "gut feelings" (and what prodigious guts you have) when it comes to economics, wages, economic life.

Empirical evidence does not apply.

But it is there for the economically literate to review, minimum wages set below the medium wage are not inflationary, do not cost jobs (indeed long term increases employment through increased consumer demand) and act as stimulus in deflationary economic periods such as most of the developed world is in now.

15 dollars per hour is below that medium wage, even in Mississippi, the lowest of the low bar states.

Still you can advocate the primitive chant "we have to pay as little as possible to our service workers because American business do not know how to work smarter they can only glean a profit by making workers work longer for ever less", that idea lends no nobility to your culture or society but one would hope the more civilised members of the United States aspire to something more economically.
 

Ray From Cleveland

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No I get it, Americans go on their "gut feelings" (and what prodigious guts you have) when it comes to economics, wages, economic life.

Empirical evidence does not apply.

But it is there for the economically literate to review, minimum wages set below the medium wage are not inflationary, do not cost jobs (indeed long term increases employment through increased consumer demand) and act as stimulus in deflationary economic periods such as most of the developed world is in now.

15 dollars per hour is below that medium wage, even in Mississippi, the lowest of the low bar states.

Still you can advocate the primitive chant "we have to pay as little as possible to our service workers because American business do not know how to work smarter they can only glean a profit by making workers work longer for ever less", that idea lends no nobility to your culture or society but one would hope the more civilised members of the United States aspire to something more economically.
There are plenty of businesses that closed up for good due to Covid. Many more are barely hanging on day by day. I really hope we see a $15.00 per hour minimum wage. It will kill millions of jobs across the board, and people would vote for Daffy Duck over Biden or Whorris.
 

Lesh

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There are plenty of businesses that closed up for good due to Covid. Many more are barely hanging on day by day. I really hope we see a $15.00 per hour minimum wage. It will kill millions of jobs across the board, and people would vote for Daffy Duck over Biden or Whorris.
You guys make that claim every time this comes up and it never happens. Newsflash...when people have money they SPEND money...and that keeps businesses going

But Republicans will block this. Ya know...because they support the working man (cough cough)
 

initforme

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Nobody should apply for 7.25 per hour. Let them go unfilled. Who would stoop to that.
 

danielpalos

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No I get it, Americans go on their "gut feelings" (and what prodigious guts you have) when it comes to economics, wages, economic life.

Empirical evidence does not apply.

But it is there for the economically literate to review, minimum wages set below the medium wage are not inflationary, do not cost jobs (indeed long term increases employment through increased consumer demand) and act as stimulus in deflationary economic periods such as most of the developed world is in now.

15 dollars per hour is below that medium wage, even in Mississippi, the lowest of the low bar states.

Still you can advocate the primitive chant "we have to pay as little as possible to our service workers because American business do not know how to work smarter they can only glean a profit by making workers work longer for ever less", that idea lends no nobility to your culture or society but one would hope the more civilised members of the United States aspire to something more economically.
There are plenty of businesses that closed up for good due to Covid. Many more are barely hanging on day by day. I really hope we see a $15.00 per hour minimum wage. It will kill millions of jobs across the board, and people would vote for Daffy Duck over Biden or Whorris.
That has always been a disingenuous argument meant to illude instead of enlighten.

According to data from the U.S. Bureau of Labor Statistics, about 20% of U.S. small businesses fail within the first year. By the end of their fifth year, roughly 50% have faltered. After 10 years, only around a third of businesses have survived.

Surprisingly, business failure rates are fairly consistent. Even during the economic downturn starting around 2008, failure rates stayed roughly the same with the exception of the smallest establishments. Notably, it was very small businesses — those with five or fewer employees — that exited at higher rates during the Great Recession.

.
 

initforme

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Minimum wage workers should unionize. Make the boss at least feel uneasy.
 

Flash

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China Joe gotta kiss the asses of the filthy Union bosses.

A lot of Union wages are tied to a multiple of minimum wage. The higher the minimum wage the higher the greedy Union wages.

Good way to fuck an economy.
 

Ray From Cleveland

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China Joe gotta kiss the asses of the filthy Union bosses.

A lot of Union wages are tied to a multiple of minimum wage. The higher the minimum wage the higher the greedy Union wages.

Good way to fuck an economy.
Which is why I'm hoping he does it. Let people realize what they voted for.
 

Ray From Cleveland

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You guys make that claim every time this comes up and it never happens. Newsflash...when people have money they SPEND money...and that keeps businesses going

But Republicans will block this. Ya know...because they support the working man (cough cough)
We've never seen a doubling of the national minimum wage in our life. Those businesses barely holding on won't be able to come back. It will stop new businesses from emerging. It may keep businesses going, but those businesses will be moving out of the country because you can't raise wages on one group of people. It's going to have a domino effect which will not only give us inflation like we've never seen since Carter, but put those minimum wage workers right back to where they are now in a matter of a few years because everything will cost so much more.
 

Lesh

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You guys make that claim every time this comes up and it never happens. Newsflash...when people have money they SPEND money...and that keeps businesses going

But Republicans will block this. Ya know...because they support the working man (cough cough)
We've never seen a doubling of the national minimum wage in our life. Those businesses barely holding on won't be able to come back. It will stop new businesses from emerging. It may keep businesses going, but those businesses will be moving out of the country because you can't raise wages on one group of people. It's going to have a domino effect which will not only give us inflation like we've never seen since Carter, but put those minimum wage workers right back to where they are now in a matter of a few years because everything will cost so much more.
Dude. The $15 minimum wage is for FEDERAL workers.
 

Lesh

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Dude. The $15 minimum wage is for FEDERAL workers.
No, it's a $15.00 minimum wage for everybody. I seriously doubt any federal government jobs start below that now.
Actually it's both

President Joe Biden on Friday is expected to introduce his proposal to raise the federal hourly minimum wage, which has been stuck at $7.25 since 2009. Biden will begin the process by requiring that everyone working for the federal government be paid a minimum of $15 an hour.

And the min wage is never doubled out of the gate. It is always an incremental increase BECAUSE it is easier for businesses to absorb
 

Ray From Cleveland

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Actually it's both

President Joe Biden on Friday is expected to introduce his proposal to raise the federal hourly minimum wage, which has been stuck at $7.25 since 2009. Biden will begin the process by requiring that everyone working for the federal government be paid a minimum of $15 an hour.

And the min wage is never doubled out of the gate. It is always an incremental increase BECAUSE it is easier for businesses to absorb
That's what I said, a national minimum wage for everybody. It doesn't matter if it happens all at once or you spread it out for five years. It's still going to have the same effect. Businesses will move out of the country, use more outsourcing, make more investments in automation to replace humans, or create inflation by charging much more for their products or services. And for what? Because 3.5% of our workforce works minimum wage? For that you're going to F-up the rest of the country? It's pure stupidity.
 

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