CBO: Biden $15 An Hour Minimum Wage Will Cost 1.4 Million American Jobs

[Blues Man]

The job market has been manipulated such that many people are STUCK in that "entry level" situation.

But hey...you're a Republican and low wages for anyone not you or your friends is what you are about

And oh yea...

That CBO report is a range. From ZERO job losses to 1,4 million. And oh yea...it doesn't take into account the fact that higher wages results in more spending which in itself creates jobs...so

Yea...

Actually 1.4 million jobs seems very conservative to me. I don't know that they take into account all the automation investments, all the new outsourcing, all the companies moving overseas because all wages are going to have to go up. I think they are only considering minimum wage job loss alone. The domino effect will likely lead to millions and millions of job losses.

Low wage job losses?

Fewer people will need to commute and cause traffic delays.

And, it is the job of Government to ensure full employment. Even Texas can use an infrastructure upgrade.

Where in the Constitution of any state does it say that government is to provide full employment?

 

[Toddsterpatriot]

I have been improving my skills and knowledge enough to understand there is no unemployment under Capitalism only underpayment

Gibberish.

 

[Lesh]

Of course it does. What would shale have to do with it?

Jesus Ray

Read this slowly

"Oil Boom"

 

[danielpalos]

The job market has been manipulated such that many people are STUCK in that "entry level" situation.

But hey...you're a Republican and low wages for anyone not you or your friends is what you are about

And oh yea...

That CBO report is a range. From ZERO job losses to 1,4 million. And oh yea...it doesn't take into account the fact that higher wages results in more spending which in itself creates jobs...so

Yea...

Actually 1.4 million jobs seems very conservative to me. I don't know that they take into account all the automation investments, all the new outsourcing, all the companies moving overseas because all wages are going to have to go up. I think they are only considering minimum wage job loss alone. The domino effect will likely lead to millions and millions of job losses.

Low wage job losses?

Fewer people will need to commute and cause traffic delays.

And, it is the job of Government to ensure full employment. Even Texas can use an infrastructure upgrade.

Where in the Constitution of any state does it say that government is to provide full employment?

Promoting the general welfare by providing for the general welfare such that it engenders full employment. Both promote and provide are terms expressly used for the general welfare but not the common defense. Right wingers only seem to have a problem promoting the general welfare not the unenumerated general warfare or the common offense.

 

[dblack]

Because it's always raised a trivial amount and the market adjusts (leaving the buying power of minimum wage unchanged)

Talk out your ass much? Who told you that?

History.

Seattle raised their minimum wage from $9 to $15. is that your definition of "trivial"? That's a 67% increase

Federal, not state. Try to follow along.

 

[Ray From Cleveland]

Jesus Ray

Read this slowly

"Oil Boom"

Oil boom increases the cost of living?

 

[Lesh]

Jesus Ray

Read this slowly

"Oil Boom"

Oil boom increases the cost of living?

You don't realize that when everyone in an area has oil money that real estate prices go up?

 

[Ray From Cleveland]

You don't realize that when everyone in an area has oil money that real estate prices go up?

Every blue state has oil money? News to me.

 

[Arresmillao]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

all crappy jobs should disappear, President Biden is right...

 

[Jake Winker Frogen]

I already told why production increased and it wasn't because the skill of the workforce increased

Labor had to learn the skills to run the machinery that increased productivity and valuation of the firm.

It doesn't take a lot of skill to run an automated milling machine.

Any moron can push a button

You bring up a good point, automation is going to take more and more jobs and not just jobs you think or minial.

Algorithms combined with robotics will be able to perform tasks far more efficiently than any human ever has or could, including complicated tasks such as surgery, engineering, even tasks such as writing music.

There is going to be a tidal wave of unemployment in future and America having one of the worst social welfare systems in the world is going to go through it like Thunder dome.

 

[Jake Winker Frogen]

Why not make lower payed Americans work for canned food, that would create a lot more jobs.

Expired cans only.

Why only "hate on the Poor" under Capitalism when the Richest may not make it into Heaven?

Capitalism is responsible for lifting more people out of poverty than any other sytem.

Yes it did when it was checked and balanced by regulation and taxed for social welfare.

The greatest expansion of wealth and the American middle class was after World War Two.

 

[WTH_Progs?]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

all crappy jobs should disappear, President Biden is right...


View attachment 458824

WTF is the matter with you dude? Are you 15?

 

[Ray From Cleveland]

You bring up a good point, automation is going to take more and more jobs and not just jobs you think or minial.

Algorithms combined with robotics will be able to perform tasks far more efficiently than any human ever has or could, including complicated tasks such as surgery, engineering, even tasks such as writing music.

There is going to be a tidal wave of unemployment in future and America having one of the worst social welfare systems in the world is going to go through it like Thunder dome.

I think automation is going to plague every first world country, not just the US.

 

[Lesh]

You don't realize that when everyone in an area has oil money that real estate prices go up?

Every blue state has oil money? News to me.

Now you're just babbling

 

[Jake Winker Frogen]

You bring up a good point, automation is going to take more and more jobs and not just jobs you think or minial.

Algorithms combined with robotics will be able to perform tasks far more efficiently than any human ever has or could, including complicated tasks such as surgery, engineering, even tasks such as writing music.

There is going to be a tidal wave of unemployment in future and America having one of the worst social welfare systems in the world is going to go through it like Thunder dome.

I think automation is going to plague every first world country, not just the US.

Indeed but the civilised nations already have the functioning social welfare systems needed to deal with it and keep social order.

The United States of Anger on the other hand?

Well your chaotic pandemic relief response does not offer a sanguine answer to the future.

 

[Ray From Cleveland]

Indeed but the civilised nations already have the functioning social welfare systems needed to deal with it and keep social order.

The United States of Anger on the other hand?

Well your chaotic pandemic relief response does not offer a sanguine answer to the future.

Welfare is one thing when it works. Welfare cannot exist without taxpayers to fund it.

It's like the cart theory that we Republicans refer to as an example. Everybody in the town is pulling this cart. Because the cart is empty, they can run with the cart as fast as they can. When some people decide to ride in the cart instead of pulling it, the cart slows down. When it gets to the point half the people are pulling the cart and the other half are in the cart, the cart stops.

When there are no jobs around due to elimination, there is nobody to pay the taxes that are needed to support those people no matter what country you're in.

As far as US welfare programs, our people using such programs live better than some of our working. Our people on welfare live better than the standard of living in most countries.

 

[Ray From Cleveland]

Now you're just babbling

Not babbling about anything. Your theory makes no sense. Blue states have no more oil than red states who have a much lower cost of living. It's not oil, it's support of unions, high taxes, and out of control inflation.

 

[Jake Winker Frogen]

Indeed but the civilised nations already have the functioning social welfare systems needed to deal with it and keep social order.

The United States of Anger on the other hand?

Well your chaotic pandemic relief response does not offer a sanguine answer to the future.

Welfare is one thing when it works. Welfare cannot exist without taxpayers to fund it.

It's like the cart theory that we Republicans refer to as an example. Everybody in the town is pulling this cart. Because the cart is empty, they can run with the cart as fast as they can. When some people decide to ride in the cart instead of pulling it, the cart slows down. When it gets to the point half the people are pulling the cart and the other half are in the cart, the cart stops.

When there are no jobs around due to elimination, there is nobody to pay the taxes that are needed to support those people no matter what country you're in.

As far as US welfare programs, our people using such programs live better than some of our working. Our people on welfare live better than the standard of living in most countries.

Like healthcare Americans are lost in ideology over empirical economics, so you pay more for healthcare than any devolved nation by far and get worse macro results than most nations and it is the same with your fragmented and irrational welfare systems, they are not pragmatic but based on political passions for and against so are chaotic and do not function. Your pandemic response is shockingly incompetent and revelatory at how poor American political structures are at providing for the general welfare.

The problem is not the idea of social welfare, which all civilisations have had in some form in all human history, it is American lack of competence and rationality in providing such.

 

[Ray From Cleveland]

Like healthcare Americans are lost in ideology over empirical economics, so you pay more for healthcare than any devolved nation by far and get worse macro results than most nations and it is the same with your fragmented and irrational welfare systems, they are not pragmatic but based on political passions for and against so are chaotic and do not function. Your pandemic response is shockingly incompetent and revelatory at how poor American political structures are at providing for the general welfare.

The problem is not the idea of social welfare, which all civilisations have had in some form in all human history, it is American lack of competence and rationality in providing such.

The only thing wrong with our social programs is they pay too much. People work less hours or not at all to stay on them. Our healthcare is not government run because surrendering our healthcare to government gives them more control over the people. A majority don't want that here. As far as quality goes, you can't get much better. It's why people come from all over the world to have risky procedures performed here. Their socialized healthcare systems are inadequate to handle such procedures.

Our healthcare is the most expensive in the world, but we pay our healthcare workers very well. Many of our doctors here are from other countries due to the pay. When you offer the best money, you get the best physicians.

 

[Jake Winker Frogen]

Like healthcare Americans are lost in ideology over empirical economics, so you pay more for healthcare than any devolved nation by far and get worse macro results than most nations and it is the same with your fragmented and irrational welfare systems, they are not pragmatic but based on political passions for and against so are chaotic and do not function. Your pandemic response is shockingly incompetent and revelatory at how poor American political structures are at providing for the general welfare.

The problem is not the idea of social welfare, which all civilisations have had in some form in all human history, it is American lack of competence and rationality in providing such.

The only thing wrong with our social programs is they pay too much. People work less hours or not at all to stay on them. Our healthcare is not government run because surrendering our healthcare to government gives them more control over the people. A majority don't want that here. As far as quality goes, you can't get much better. It's why people come from all over the world to have risky procedures performed here. Their socialized healthcare systems are inadequate to handle such procedures.

Our healthcare is the most expensive in the world, but we pay our healthcare workers very well. Many of our doctors here are from other countries due to the pay. When you offer the best money, you get the best physicians.

No the problem with your social welfare systems is they are fragmented and ideologically driven so not efficient. They are infected with political discord and delusion as we have seen with the American Covid relief response, perhaps the worst in the Democratic developed world. It is not simply a question of amount but lack of competence in getting out fast and to who needs it and preventing large economic interests from exploiting such. Part of this problem is America is not really a democracy it is a plutocracy so large economic interest have more power than the polity writ large>

You healthcare system is the most costly because once again ideologically you are running on slogans rather than empirical economics. You have a fragmented private system of funding which means the cost has to be higher. That is simple actuary science, the smaller the risk pool the higher the cost to the consumer. A fragmented private system of insurance cannot provide the cost efficiencies universal insurance does where the risk pool is much larger hence the individual cost lower.

The average American pays over 400 per month for health care, in Australia with universal insurance the average premium is 88 dollars per month.

And we have lower wait times on many areas such as GP appoints, we get better macro results in almost every category expect breast cancer recovery and we are just behind there. Everywhere else we beat you and much lower costs both to the individual and society writ large.

The problem with American on these issues is you are addicted to ideological slogans and so stumble through this problems without being able to rationally adapt and change, evolve and provide better services.

The Greatest Generation of Americans are dying out and what follows is sad to behold.