Taxing The Rich

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

It deceased.

Because of COVID, correct?

These are numbers before covid.

 

[Brain357]

It has barely moved. You are aware that those who were above min wage, but below the new min wage also get increases right?

Yes, it's called the domino effect. You can't increase wages on just one group of people. If I got a job out of high school with no experience for $7.00 an hour, got pay increases and after five years made it to $11.00 an hour, that puts me five dollars an hour over minimum wage. Now some clown like Biden comes along and makes the new MW $15.00 an hour. Did I get a raise? Yes I did. I got a raise to minimum wage. So I'm going to my employer and demanding I continue making $5.00 over minimum wage.

My employer has no choice. If he lets me walk, all the things I learned on the job are lost. I was a good worker to boot. If he doesn't give me a raise and I walk, he has to hire a new kid for minimum wage and start all over again.

Now I'm making $20.00 an hour. But wait! What about the guy who was working at that company five years longer than me making $20.00 an hour, and finds out I'm now making the same money he is making?

Now the company moves out of the country for cheaper labor, and we are all making nothing. Either that or he invests in more automation thus no need for me to be there any longer.

Making your previous statements sound really dumb....

 

[Toddsterpatriot]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

Yes, they are called economists.

Labor Day 2019 | Wage growth is weak for a tight labor market—and the pace of wage growth is uneven across race and gender

While unemployment rates in this recovery are similar to what we saw in the late 1990s recovery, wages have not grown nearly as fast or as evenly across race and gender as they did during that period. And wage growth gaps are even more dramatic among college graduates.

www.epi.org

Do EPI economists count as real economists?

Wait, wage growth was strong during the Internet Bubble?

Quick, alert the New York Times!!!!

DURR

 

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

Yes, they are called economists.

Labor Day 2019 | Wage growth is weak for a tight labor market—and the pace of wage growth is uneven across race and gender

While unemployment rates in this recovery are similar to what we saw in the late 1990s recovery, wages have not grown nearly as fast or as evenly across race and gender as they did during that period. And wage growth gaps are even more dramatic among college graduates.

www.epi.org

Do EPI economists count as real economists?

View attachment 417483

Wait, wage growth was strong during the Internet Bubble?

Quick, alert the New York Times!!!!

DURR

I don’t think you will find an economist who disagrees.

 

[Toddsterpatriot]

I don’t think you will find an economist who disagrees.

Right, "solid pace" = weak.

Wages haven't grown at Internet Bubble rates? Wow!

 

[Brain357]

I don’t think you will find an economist who disagrees.

Right, "solid pace" = weak.

Wages haven't grown at Internet Bubble rates? Wow!

And slower than before the bubble too.

A mysterious lack of wage growth - Marketplace

In December, wage gains slowed from earlier in 2019, with average hourly earnings up 2.9% year over year.

www.marketplace.org

But wage gains were disappointing. Average hourly earnings of private-sector employees rose 2.9% year over year in December. The rate of growth hovered just above 3% for most of 2019.
With unemployment so low, economists expect employers to be under more pressure to increase pay.

 

[Ray From Cleveland]

Making your previous statements sound really dumb....

What's dumb about it?

 

[Brain357]

I don’t think you will find an economist who disagrees.

Right, "solid pace" = weak.

Wages haven't grown at Internet Bubble rates? Wow!

So this wasn’t the greatest economy ever? Go figure.

 

[Brain357]

Making your previous statements sound really dumb....

What's dumb about it?

Clearly min wage increases have an effect. You claimed it didn’t.

 

[citygator]

Shit. I missed so hilarious threads in the last week. Need to hike less I guess. I had to click the posters history to determine if this was a liberal troll attempt or a truly dumbass right winger. Question answered.

 

[Ray From Cleveland]

Clearly min wage increases have an effect. You claimed it didn’t.

They don't unless they are very generous increases like $15.00 an hour.

 

[Brain357]

Clearly min wage increases have an effect. You claimed it didn’t.

They don't unless they are very generous increases like $15.00 an hour.

So now you are going against what you last said? Economics are not your thing. What about that domino effect?

 

[Ray From Cleveland]

So now you are going against what you last said? Economics are not your thing. What about that domino effect?

If Biden does increase it to $15.00 an hour, you will see the domino effect. You will see inflation, you will see price increases, you will see more jobs heading overseas, you will see more investments in automation, you will see more companies dropping healthcare coverage for their employees. You'll see all of it.

If $15.00 an hour is an improvement, then why not $20.00 an hour? If $20.00 an hour is good, then why not make it great at $25.00 an hour? We both know what would happen to our economy.

 

[Brain357]

So now you are going against what you last said? Economics are not your thing. What about that domino effect?

If Biden does increase it to $15.00 an hour, you will see the domino effect. You will see inflation, you will see price increases, you will see more jobs heading overseas, you will see more investments in automation, you will see more companies dropping healthcare coverage for their employees. You'll see all of it.

If $15.00 an hour is an improvement, then why not $20.00 an hour? If $20.00 an hour is good, then why not make it great at $25.00 an hour? We both know what would happen to our economy.

You seem confused against. So yes our small wage gains are mostly thanks to min wage increases.

 

[Toddsterpatriot]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

 

[Brain357]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

 

[Toddsterpatriot]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

 

[Brain357]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

But you keep losing. Read the links I’ve already posted, try to catch up.

 

[Toddsterpatriot]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

But you keep losing. Read the links I’ve already posted, try to catch up.

Asking for your proof and you not providing proof......not a loss for me.

 

[Brain357]

So yes our small wage gains are mostly thanks to min wage increases.

Mostly?

What percentage? Link?

I thought you gave up?

Gave up questioning your unproven claims? Nope.

But you keep losing. Read the links I’ve already posted, try to catch up.

Asking for your proof and you not providing proof......not a loss for me.

Read the links I've already posted. Try to keep up.