Obama's Minimum Wage Hike "Won't Meaningfully Help Economy"

[Sallow]

It adds about 4 billion/year into the economy. That doesn't fix the economy but it certainly helps. Certainly more than the do-nothing Republicans are offering.

Adjusting minimum wage rates doesn't add any money into the economy. That's the stupidest shit I've heard today.

Actually..this post ranks as pretty stupid.

We have a consumer based economy.

Pooling wealth makes no sense. That money sits in one place and doesn't enter the economy.

Spreading it does.

More people with money? The quicker they spend it.

 

[Wyatt earp]

It will help those working for minimum wage

Since the cost of the raise is passed to the consumer, there's no net gain for the employee relative to the increase. They will have no more purchasing power than they do already

-Geaux

Yes they will because the cost will be spread out among ALL the consumers, not just the minimum wagers.

Trickle up poor ... the democrat way

 

[Faun]

It adds about 4 billion/year into the economy. That doesn't fix the economy but it certainly helps. Certainly more than the do-nothing Republicans are offering.

Adjusting minimum wage rates doesn't add any money into the economy. That's the stupidest shit I've heard today.

Then you haven't read your own post which extends beyond rightardism. When you put 4 billion dollars into the hands of those on the lowest end of the pay scale, they spend that money -- putting it directly into the economy.

 

[Faun]

It adds about 4 billion/year into the economy. That doesn't fix the economy but it certainly helps. Certainly more than the do-nothing Republicans are offering.

Adjusting minimum wage rates doesn't add any money into the economy. That's the stupidest shit I've heard today.

Actually..this post ranks as pretty stupid.

We have a consumer based economy.

Pooling wealth makes no sense. That money sits in one place and doesn't enter the economy.

Spreading it does.

More people with money? The quicker they spend it.

Exactly. Which is why rightards, who are too ignorant to get that, should never be allowed to make any economic decisions.

 

[RandomVariable]

CBO will be presenting a report on it next week. I am sure righties will find a way to misrepresent that too. Facts? righties don't need no stinkin' facts.

 

[RandomVariable]

Could this be a ploy to get more people on Obamacare?

I just did the math.

$7.25 x 40 hrs. = $290

$290 / $10.10 = 29 hrs.

I can keep my payroll the same and I can stop offering insurance.

So if you only need the employee for 29 hours why do you currently employ him for 40?

 

[Wyatt earp]

It adds about 4 billion/year into the economy. That doesn't fix the economy but it certainly helps. Certainly more than the do-nothing Republicans are offering.

Adjusting minimum wage rates doesn't add any money into the economy. That's the stupidest shit I've heard today.

Actually..this post ranks as pretty stupid.

We have a consumer based economy.

Pooling wealth makes no sense. That money sits in one place and doesn't enter the economy.

Spreading it does.

More people with money? The quicker they spend it.

So we ask you liberals again where did all that 7 trillion dollars Obama spent go? Did you get any?

 

[RandomVariable]

Adjusting minimum wage rates doesn't add any money into the economy. That's the stupidest shit I've heard today.

Actually..this post ranks as pretty stupid.

We have a consumer based economy.

Pooling wealth makes no sense. That money sits in one place and doesn't enter the economy.

Spreading it does.

More people with money? The quicker they spend it.

So we ask you liberals again where did all that 7 trillion dollars Obama spent go? Did you get any?

If we spelled it out for you in little bite-sized pieces, kind of like you get your artificial news, would you be any smarter? I don't think so.

 

[Faun]

Adjusting minimum wage rates doesn't add any money into the economy. That's the stupidest shit I've heard today.

Actually..this post ranks as pretty stupid.

We have a consumer based economy.

Pooling wealth makes no sense. That money sits in one place and doesn't enter the economy.

Spreading it does.

More people with money? The quicker they spend it.

So we ask you liberals again where did all that 7 trillion dollars Obama spent go? Did you get any?

Keeping the country running. Indirectly, I got some. Thanks to Obama's policies, my 401K has never been higher.

 

[Political Junky]

Better to see minimum wage folks spending locally than to see billionaires offshoring large amounts of money and paying a pittance in taxes.

 

[JoeB131]

Could this be a ploy to get more people on Obamacare?

I just did the math.

$7.25 x 40 hrs. = $290

$290 / $10.10 = 29 hrs.

I can keep my payroll the same and I can stop offering insurance.

If you are paying minimum wage, you probably aren't offering insurance to start with.

And the thing is, if you cut people to 29 hours, you have to hire more people to make up the slack.

 

[Geaux4it]

Many business are considering how to pass the cost of Odummercare. AOL CEO was on Sqwuak Box yesterday morning saying they are likely to pass the cost to the employee by cutting other benefits.

What an Un-American deal

-Geaux

 

[JoeB131]

Many business are considering how to pass the cost of Odummercare. AOL CEO was on Sqwuak Box yesterday morning saying they are likely to pass the cost to the employee by cutting other benefits.

What an Un-American deal

-Geaux

ObamaCare is becoming the Dog that Ate Everyone's Homework.

AOL is cutting benefits and hours because it is dying as a service. AOL has been dying for years.

BUt now the CEO can blame ObamaCare for his incompetence.

The day I quit AOL was when I called them with a customer service issue (They cut me off because I used the word "asshole" to describe someone) and they passed me between three people in India before they got to someone who could solve the problem. I switched to Comcast the next week.

 

[Geaux4it]

Many business are considering how to pass the cost of Odummercare. AOL CEO was on Sqwuak Box yesterday morning saying they are likely to pass the cost to the employee by cutting other benefits.

What an Un-American deal

-Geaux

ObamaCare is becoming the Dog that Ate Everyone's Homework.

AOL is cutting benefits and hours because it is dying as a service. AOL has been dying for years.

BUt now the CEO can blame ObamaCare for his incompetence.

The day I quit AOL was when I called them with a customer service issue (They cut me off because I used the word "asshole" to describe someone) and they passed me between three people in India before they got to someone who could solve the problem. I switched to Comcast the next week.

Um... you are misinformed as usual

-Geaux
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http://www.bizjournals.com/chicago/news/2013/02/08/aol-rebound-cta-new-cars-midwest-casinos.html

Duly Noted: AOL's rebound, CTA to buy new cars, too many casinos (Video)

AOL was once a dominant player in the tech world, but its transition to more of a content provider than an internet service provider has been rather rocky. However, in its most recent earnings report, the company said it had achieved its first sales gain in eight years. -- Bloomberg video above



===========================
AOL Turnaround Appears Solid As Network Revenues Rebound

AOL's comeback story under CEO Tim Armstrong over the past four years has at times looked improbable, with highs and lows along the way. Its quarterly performance has often been mixed: As one area of its display advertising stream looked strong, other parts have lagged.

Its usually strong third-party network business had been looking weaker this past year, even as the company as a whole returned to growth. But in Q3 2013, all of AOL's parts are finally keeping pace with each other.

The third-party network revenues, so essential to Armstrong's emphasis on "programmatic premium" under its AOL Networks group, surged 32% thanks largely to its $405 million acquisition of Adap.tv. Though even without the addition of the programmatic video platform, growth across all its advertising units was clear. Read the earnings release.
Among the highlights of AOL's Q3 display results:

Total revenue was up a decent 6%, with global ad dollars rising 14% year-over-year.
Third-party network revenues, which included the flagship Advertising.com, were up 32%, thanks to higher-CPM video ads. Adap.tv's contribution amounted to $17.6 million, as the deal closed only on Sept. 5.

Not counting Adap.tv, the network revenues grew a more than respectable 17%, suggesting that without Adap.tv, AOL was holding steady, as third-party network revenues grew 18% in Q3 2012.

Higher prices pushed global display dollars up 5%.

Adap.tv grew about 100% on a pro forma basis, and was "slightly profitable" in the quarter, said CFO Karen Dykstra.

Search remains lackluster, but with 3% gains globally, at least it's not falling back.

AOL Turnaround Appears Solid As Network Revenues Rebound

 

[JoeB131]

Dumbass, if you have 8 years of losses before you hit rock bottom, you are STILL dying as a company.

It went from 27 Million subscribers to less than 5 million today.

No, but it's totally Obama's fault.