Minimum wage increase would free people from work

[CaféAuLait]

How did the title of my thread change, my title was "Minimum Wage Hike Could Cost 500K Jobs, CBO Reports". The same as the link I included in the OP article.

Either that or I am losing it. LOL

 

[RandomVariable]

How did the title of my thread change, my title was "Minimum Wage Hike Could Cost 500K Jobs, CBO Reports". The same as the link I included in the OP article.

Either that or I am losing it. LOL

Two threads were probably merged. Looks like it anyway. (You are losing it all the same. )

 

[RandomVariable]

I have to read this report some more to figure out what is what. For now let me just say the number of people who would loss their job is 900,000 while the total work force is 115,700,000. The percentage of the workforce who would loss their job is less than one half of one percent. The fact that 14.5% of the employees in this country making less than $10.10 an hour is shameful. 75% of the people who make minimum wage are 20 yrs old or older.

 

[Quantum Windbag]

$4t wasted on Iraq over lies.

Also, why exactly does a multi-billion dollar corporation "HAVE" to increase prices for consumers to pay higher wages? If a corporation already profits $1.5b because of paying low wages to reduce expenses, despite Obama's Marxist EPA regulations and unbearably high capital gains taxes, then couldn't the corporation logically pay their employees more and make slightly less than $1.5b? Maybe the corporation and shareholders could settle for profiting "only" $1b so their employees can eat, too?

Excuse me, oh master of idiotic things that have nothing to do with the thread, would not lying about Iraq raise the minimum wage?

How many people could we have fed and educated with the $4t spent on Iraq if Bush and Cheney hadn't lied to the entire world?
THE IRAQ WAR -- PART I:*The U.S. Prepares for Conflict, 2001

By the way, can you give me a list of every multimillion dollar corporation that pays minimum wage?

Yes I can. Have you ever heard of "the internet"?
America's 5 biggest low-wage employers- MSN Money

Of course I have, but I also understand the difference between a wage that is less than $10 an hour and one that is over $7.25 an hour, which is why I know you haven't yet shown any company that pays minimum wage.

 

[Quantum Windbag]

i love this idea that people cant afford 10.10 an hour and will have to cut jobs due to it.
Yeah..Im not really going to buy this bullshit when i watch my own owner get a massive bonus at the end of the year, but take over a month to give out a 50 cent raise.

Uh huh....people can officially blow me.

You're right about one thing. The idea that businesses can't afford it is generally false. But it's also mostly irrelevant.

What really matter is that businesses don't have to afford it. They can raise prices and/or cut employment to compensate for the fact. And since they don't want to and are evil, greedy bastards, they won't afford it. They'll raise prices and/or cut employment.

Truth be told, though, I've never bought arguments that raising the minimum wage will substantially effect employment figures. At the end of the day work needs to be done in order to generate profit, and that requires labor. What will happen is that the costs will be passed along to the consumer, quickly rendering the increased minimum wage moot.

Truth be told, you are an ignorant idiot.

For decades every single economist acknowledged that there is a trade off between the number of available jobs and minimum wage. It wasn't until recently that politics trumped the science, but that doesn't change the underlying fact that raising prices reduces demand.

 

[Quantum Windbag]

notice how wingnuts only listen to statistics when it agrees with their own theories.

Ever notice how moonbats only have a problem with statistics when they contradict their views?

 

[Quantum Windbag]

Awww more snivelers negged me because their hatred of the poor runs so deep....poor suckers...

Negged for whinging about negs.

 

[Quantum Windbag]

How did the title of my thread change, my title was "Minimum Wage Hike Could Cost 500K Jobs, CBO Reports". The same as the link I included in the OP article.

Either that or I am losing it. LOL

Whoever merged the threads like my title better.

Come to think of it, so do I.

 

[SwimExpert]

Truth be told, you are an ignorant idiot.

False.

For decades every single economist acknowledged that there is a trade off between the number of available jobs and minimum wage.

False.

 

[Quantum Windbag]

Truth be told, you are an ignorant idiot.

False.

For decades every single economist acknowledged that there is a trade off between the number of available jobs and minimum wage.

False.

You didn't have to prove me right.

Here is what the New York Times said in 1987.

The Right Minimum Wage - $0.00 - NYTimes.com

 

[O.R.I.O.N]

Awww more snivelers negged me because their hatred of the poor runs so deep....poor suckers...

Negged for whinging about negs.

Hey republicunt what's whinging? ROFL... Showing off that conservative state education eh!?

 

[Political Junky]

[ame=http://www.youtube.com/watch?v=M3q9L4THreQ]Speaker Newt Gingrich said WHAT?!: CBO is "reactionary socialist institution" - YouTube[/ame]

 

[FA_Q2]

Yup. You can look at min wage projections over time, and compare it to what actually happened, and you will always find that the net effect on employment was small at best. But over time, you will find that thei impact on wages is generally always to increase them at all levels, except at the very highest income levels.

Net is, those who support making the wealthy more so hate min wage increases. Those concerned about the middle class support min wage increases at least in moderation.

Except that when wages raise across the board due to artificial means, everyone ends up where they started.

The value of that work has not changed one iota – it is exactly the same. The only thing that dose change is the number of pieces of paper that value equates to. IOW, earnings raise and prices raise to match them. That is what happens when you artificially raise the cost of labor.

 

[Politico]

Yes, there are real costs associated in helping SOME.

The ACA comes to mind...

Obama knows best.

The needs of the many outweigh the needs of the few.

How dare you insult Vulcans.