paulitician
Platinum Member
- Oct 7, 2011
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Do you think it could? Do you think it's possible to raise the minimum enough that it would cause unemployment or inflation? If so, how high would that be?I have submitted and explained to you the well established economic principles that describe how statutory minimum wage is necessarily harmful to the economy.no loki, it is NOT well established that the minimum wage hikes have hurt the economy, nor has it been established that they have raised our country's unemployment rates or hurt the economy's growth in the 22 times minimum wage has gone up in our nation.This has been explained to you. You offer no contest; just denial of well established economic realities.Still not seeing how the Minimum Wage has ever hurt the U.S. Economy.
Not relevant. Just another distracting appeal to emotion.We have more Millionaires and Billionaires than ever before in our history.
Patently wrong for OBVIOUS reasons.Paying struggling workers a decent wage isn't gonna break the bank. Seriously, it's true. Anyway, have a good Saturday. See ya.![]()
All figures from said increases show NO EFFECT on the Nations unemployment rate and NO EFFECT on inflation rates for the Nation either....
The numbers are not with you...so what are you seeing that I am not seeing?
Can you show the numbers you have analyzed to come to this conclusion?
I agree with you that it seems like this would be the case...but the statistics/numbers proving such, just aren't there to support the theory....
Minimum Wage Mythbusters - U.S. Department of Labor
<<COPY/PASTE BLERF SNIPPED IN THE NAME OF SANITY>>
I have examined plenty of data... yet none of it was corrected for the anti-inflation, and counter unemployment policies (and other confounding externalities) that are active in the same time periods.
An injured athlete pumped full of pain-killers and cortisone feels and functions just fine... would you still say he was not harmed?
Of course not.
Do you have such data--corrected for the anti-inflation, and counter unemployment policies (and other confounding externalities)--that would so soundly refute the points I submitted? If so, please present them so we can examine them together.
Minimum Wage has never caused more Unemployment. You don't have any evidence supporting otherwise. If you do, let's have it. I'm an open-minded individual.
I suppose it is possible. But there are so many other variables to take into account when it comes to Unemployment and Inflation. The Minimum Wage doesn't play a significant role. The usual suspects always predict higher unemployment and higher cost of goods. And while those things do occur, the Minimum Wage has little, if nothing to do with it.
It's been raised many times in the past, and none of the 'Sky is Falling' predictions have ever panned out. So i wouldn't rely on predictions being made by people who've been proven wrong everytime in the past.