Minimum wage rate and labors’ market prices.

[danielpalos]

I still can't figure out why he cares so much about the bottom 1.5% of hourly workers.

Toddsterpatriot, possibly because the federal minimum wage rate affects upon 32% of USA’s employees wage rates’ range from critical to substantial?

Refer to table 2 on page 10 of https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf . Respectfully, Supposn

Would losing your job be critical? Or substantial?

A red herring from the right wing? Like inflation, businesses fail all the time. It just happens.

Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more. These statistics haven't changed much over time, and have been fairly consistent since the 1990s.

Top 6 Reasons New Businesses Fail

Running your own business may be the American Dream, but it can be difficult for many entrepreneurs. Learn how to avoid common factors leading to bankruptcy.

www.investopedia.com

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

 

[Toddsterpatriot]

Only if you don't understand your link. ... A family at the poverty level, with real income averaging $10,700, would see an average change in real income of $600.
Critical? Substantial? Hardly.

Toddsterpatriot, CBO’s study indicates that increasing the minimum rate to $15 per hour by 2025 would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

It’s CBO’s considered opinion that the federal minimum wage rate increases the purchasing power of all aggregate wage rates within what they consider to be within the lower rate bracket of wages. If the federal minimum wage rate is not increased, (i.e. if it remains at $7.25 per hour) in 2025, they consider less than $20 per hour will be the lower rate bracket in 2025.
Failure to increase the minimum rate by 2025 would detrimentally affect lower-rate bracket’s purchasing powers, and those effects would range from critical to substantial.
It is you that misunderstands CBO’s publications regarding the federal minimum wage rate. Respectfully, Supposn

would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

I know, an average change in real income of $600. Yawn.

 

[danielpalos]

Would losing your job be critical? Or substantial?

DBlack, a job of lesser wage rate is of lesser worth. The federal minimum wage rate bolsters all lower rate brackets purchasing powers. A lesser minimum rate is net detrimental to our nation’s economy and net detrimental to the finances of our nation’s wage-earning families.

In aggregate, any reduction of individuals’ employments due to increases of the federal minimum wage rate, are less detrimental, (even to those individuals and their dependents), than the effects of a federal minimum wage rate of lesser purchasing power. Respectfully, Supposn

Right wingers like to "micro-focus" on micro-economics. They ignore the positive multiplier and increase in demand and tax revenue that would accompany a minimum wage hike, in the long run.

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

 

[danielpalos]

Only if you don't understand your link. ... A family at the poverty level, with real income averaging $10,700, would see an average change in real income of $600.
Critical? Substantial? Hardly.

Toddsterpatriot, CBO’s study indicates that increasing the minimum rate to $15 per hour by 2025 would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

It’s CBO’s considered opinion that the federal minimum wage rate increases the purchasing power of all aggregate wage rates within what they consider to be within the lower rate bracket of wages. If the federal minimum wage rate is not increased, (i.e. if it remains at $7.25 per hour) in 2025, they consider less than $20 per hour will be the lower rate bracket in 2025.
Failure to increase the minimum rate by 2025 would detrimentally affect lower-rate bracket’s purchasing powers, and those effects would range from critical to substantial.
It is you that misunderstands CBO’s publications regarding the federal minimum wage rate. Respectfully, Supposn

would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

I know, an average change in real income of $600. Yawn.

You forget the increase in demand and greater tax revenue generated. A fifteen dollar an hour minimum wage generates around five time more in federal income tax revenue than the current minimum wage does now.

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

 

[Wyatt earp]

Only if you don't understand your link. ... A family at the poverty level, with real income averaging $10,700, would see an average change in real income of $600.
Critical? Substantial? Hardly.

Toddsterpatriot, CBO’s study indicates that increasing the minimum rate to $15 per hour by 2025 would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

It’s CBO’s considered opinion that the federal minimum wage rate increases the purchasing power of all aggregate wage rates within what they consider to be within the lower rate bracket of wages. If the federal minimum wage rate is not increased, (i.e. if it remains at $7.25 per hour) in 2025, they consider less than $20 per hour will be the lower rate bracket in 2025.
Failure to increase the minimum rate by 2025 would detrimentally affect lower-rate bracket’s purchasing powers, and those effects would range from critical to substantial.
It is you that misunderstands CBO’s publications regarding the federal minimum wage rate. Respectfully, Supposn

would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

I know, an average change in real income of $600. Yawn.

You forget the increase in demand and greater tax revenue generated. A fifteen dollar an hour minimum wage generates around five time more in federal income tax revenue than the current minimum wage does now.

So they can buy a $20 dollar hamburger?

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

In right wing fantasy, everything you fantasize is Always Right.

According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.[1]
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.

Does Raising the Minimum Wage Increase Inflation?

There are conflicting views on whether raising the minimum wage increases inflation. Find the answer here.

www.investopedia.com

.

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

In right wing fantasy, everything you fantasize is Always Right.

According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.[1]
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.

Does Raising the Minimum Wage Increase Inflation?

There are conflicting views on whether raising the minimum wage increases inflation. Find the answer here.

www.investopedia.com

.

So your trying to convince us to pay an increase of .036% across the board for goods and services???

Are you fucking crazy??

And this again why is liberals live under a bridge and pan handle for colt 45 beer

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

In right wing fantasy, everything you fantasize is Always Right.

According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.[1]
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.

Does Raising the Minimum Wage Increase Inflation?

There are conflicting views on whether raising the minimum wage increases inflation. Find the answer here.

www.investopedia.com

.

So your trying to convince us to pay an increase of .036% across the board for goods and services???

Are you fucking crazy??

lol. Nobody takes right wingers seriously about economics. Typical inflation has usually been over one percent.

And, giving out tax preferences for raising the minimum wage is when it makes the most sense for employers.

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

In right wing fantasy, everything you fantasize is Always Right.

According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.[1]
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.

Does Raising the Minimum Wage Increase Inflation?

There are conflicting views on whether raising the minimum wage increases inflation. Find the answer here.

www.investopedia.com

.

So your trying to convince us to pay an increase of .036% across the board for goods and services???

Are you fucking crazy??

lol. Nobody takes right wingers seriously about economics. Typical inflation has usually been over one percent.

And, giving out tax preferences for raising the minimum wage is when it makes the most sense for employers.

Your study is bullshit, minimum wage used to be 25 cents an hour, it causes way more inflation than less 1% .

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

In right wing fantasy, everything you fantasize is Always Right.

According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.[1]
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.

Does Raising the Minimum Wage Increase Inflation?

There are conflicting views on whether raising the minimum wage increases inflation. Find the answer here.

www.investopedia.com

.

So your trying to convince us to pay an increase of .036% across the board for goods and services???

Are you fucking crazy??

lol. Nobody takes right wingers seriously about economics. Typical inflation has usually been over one percent.

And, giving out tax preferences for raising the minimum wage is when it makes the most sense for employers.

Your study is bullshit, minimum wage used to be 25 cents an hour, it causes way more inflation than less 1% .

Your claim is even less credible. Only in right wing fantasy are you always Right. The "natural" inflation rate is usually more than one percent, regardless. The minimum wage should be around eighteen dollars an hour if it were keeping up with inflation. The right wing prefers a Race to the Bottom for their less ethical and less moral bottom line than to be faithful to our own Constitution and Promote the general welfare.

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.

And a hamburger would cost $20 bucks , what's your frickin point?

lol. A right wing straw man argument like usual. Even the dollar menu won't double. Inflation from raising the minimum wage is less than five percent.

It just goes to show why many Lefty's don't own a business, they don't know much about anything.

I say less than five percent because it seems simpler. One example we went over in a previous argument showed an actual inflation rate of around three percent. Even the dollar menu won't double. Raising the minimum wage usually results in an insignificant amount of inflation. Some studies have shown retail stores can usually absorb the cost even without raising prices, an increase in demand helps pick up that inflationary "slack".

Only the left lives in a fantasy world of the stores don't pass on extra cost to the consumers, the left clearly never understands profit margins or economics that's why they live under a bridge somewhere pan handling for cigarette money

In right wing fantasy, everything you fantasize is Always Right.

According to a recent piece of economic research that examined the effect of prices on minimum wage increases in various states in the U.S. from 1978 through 2015, they found that a 10% increase in minimum wage only accounts for around a 0.36% increase in prices.[1]
Moreover, increases in prices following minimum wage hikes generally have occurred in the month the minimum wage hike is implemented, and not in the months before or the months after. Interestingly, they find that small minimum wage hikes (e.g. on the order of 5-15%) do not lead to higher prices, and they might actually lead to lower prices. On the other hand, large minimum wage hikes have clear positive effects on output prices which can ripple through to higher consumer prices.

Does Raising the Minimum Wage Increase Inflation?

There are conflicting views on whether raising the minimum wage increases inflation. Find the answer here.

www.investopedia.com

.

So your trying to convince us to pay an increase of .036% across the board for goods and services???

Are you fucking crazy??

lol. Nobody takes right wingers seriously about economics. Typical inflation has usually been over one percent.

And, giving out tax preferences for raising the minimum wage is when it makes the most sense for employers.

Your study is bullshit, minimum wage used to be 25 cents an hour, it causes way more inflation than less 1% .

Your claim is even less credible. Only in right wing fantasy are you always Right. The "natural" inflation rate is usually more than one percent, regardless. The minimum wage should be around eighteen dollars an hour if it were keeping up with inflation. The right wing prefers a Race to the Bottom for their less ethical and less moral bottom line than to be faithful to our own Constitution and Promote the general welfare.

Again only in left wing fantasy would people want to pay more for the same thing.

 

[Supposn]

I know, an average change in real income of $600. Yawn.

Toddsterpatriot, you know, [it's the CBO's opinion, if the federal minimum wage were increased to $15 per hour by 2025, increases for employees earning less than $20 per hour, would] an average change in real income of $600 per year. Respectfully, Supposn

Toddsterpatriot, CBO’s study indicates that increasing the minimum rate to $15 per hour by 2025 would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%. ... Failure to increase the minimum rate by 2025 would detrimentally affect lower-rate bracket’s purchasing powers, and those effects would range from critical to substantial.
It is you that misunderstands CBO’s publications regarding the federal minimum wage rate. ...

 

[Toddsterpatriot]

I know, an average change in real income of $600. Yawn.

Toddsterpatriot, you know, [it's the CBO's opinion, if the federal minimum wage were increased to $15 per hour by 2025, increases for employees earning less than $20 per hour, would] an average change in real income of $600 per year. Respectfully, Supposn

Toddsterpatriot, CBO’s study indicates that increasing the minimum rate to $15 per hour by 2025 would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%. ... Failure to increase the minimum rate by 2025 would detrimentally affect lower-rate bracket’s purchasing powers, and those effects would range from critical to substantial.
It is you that misunderstands CBO’s publications regarding the federal minimum wage rate. ...

it's the CBO's opinion,

Yes, a tiny percent of workers would get a tiny increase.

those effects would range from critical to substantial.

Yeah, $500-$600......yawn.

 

[basquebromance]

Swiss city of Geneva to raise minimum wage to 4 thousand bucks a month, that's 25 bucks an hour

Swiss city Geneva to introduce a minimum wage of over $4,000 a month

The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month for a 41-hour work week.

www.cnbc.com

 

[Wyatt earp]

Swiss city of Geneva to raise minimum wage to 4 thousand bucks a month, that's 25 bucks an hour

Swiss city Geneva to introduce a minimum wage of over $4,000 a month

The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month for a 41-hour work week.

www.cnbc.com

And guess what? They are still poor