The CBO’s report on raising the min wage demonstrates how RWs don’t understand the topic

[Billy000]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

 

[Dont Taz Me Bro]

The appropriate minimum wage is zero

 

[shockedcanadian]

It's a very complicated subject to be sure and it can make your brain engage in mental gymnastics in trying to identify the best answer. Especially as I generally embrace libertarian values, while still appreciating the dilemma.

I think it should be acknowledged, that underpaying someone is going to basically pass off the consequences and responsibility to taxpayers in some form or another. On the other hand, increasing a min wage may encourage businesses (and some politicians) to continue to support illegal immigration if it will allow them to skirt the system or, not give young people a chance, cut employees or hours etc.

Theoretically the Free Market should solve these issues, but it's much more complex in this global economy. I lean towards jurisdictions having control over this min. standard (states), it's probably too complex at the federal level, unless only to set a min standard, which cannot be on the high end, but a barometer for basic human dignity.

 

[dudmuck]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

If the viability of your business relies on exploiting people, your business really shouldn't be in operation to begin with.

 

[Billy000]

The appropriate minimum wage is zero

For a dystopian nightmare. You don’t seem to grasp the implications of an unregulated private market. You have this delusion based purely on emotion that “business freedom” is all that is needed for the economy to thrive and it’s non sense.

 

[Billy000]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

If the viability of your business relies on exploiting people, your business really shouldn't be in operation to begin with.

Well said.

 

[toobfreak]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

I'm sorry, remind me again WHERE in the Constitution it stipulates that it is the job of the Fed to dictate to states how much or how little private business can pay for a given job? I forget just which Article that came under.

 

[Billy000]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

I'm sorry, remind me again WHERE in the Constitution it stipulates that it is the job of the Fed to dictate to states how much or how little private business can pay for a given job? I forget just which Article that came under.

It really doesn’t need to be in there. The founding fathers as brilliant as they were, could not have foreseen how corrupt our private market has become.

 

[dudmuck]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

I'm sorry, remind me again WHERE in the Constitution it stipulates that it is the job of the Fed to dictate to states how much or how little private business can pay for a given job? I forget just which Article that came under.

Congress created Fair Labor Standards Act (FLSA) in 1938.

This act was created under article 1, section 8 of constitution; the section allowing congress to regulate commerce. States can too.

 

[basquebromance]

socialism: you make it, we take it!

 

[LordBrownTrout]

The appropriate minimum wage is zero

For a dystopian nightmare. You don’t seem to grasp the implications of an unregulated private market. You have this delusion based purely on emotion that “business freedom” is all that is needed for the economy to thrive and it’s non sense.

You completely missed that. Govt has no business setting wages. None at all.

 

[LordBrownTrout]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

I'm sorry, remind me again WHERE in the Constitution it stipulates that it is the job of the Fed to dictate to states how much or how little private business can pay for a given job? I forget just which Article that came under.

It really doesn’t need to be in there. The founding fathers as brilliant as they were, could not have foreseen how corrupt our private market has become.

Our govt is way more corrupt than private business.

 

[Wyatt earp]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

Trickle up poor

 

[Dana7360]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

I'm sorry, remind me again WHERE in the Constitution it stipulates that it is the job of the Fed to dictate to states how much or how little private business can pay for a given job? I forget just which Article that came under.

That would be in article 1, section 8, clause 3.

It's called the commerce clause.

It gives the government the power to regulate business.

You might want to actually read the constitution. That way you wouldn't make fool of yourself to all of us who have actually read that document.

 

[Toddsterpatriot]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Yes, some low skilled workers would benefit with more income.
Some low skilled workers would end up with no income.
Some prices would increase.
The employed would have more to spend. The unemployed would have less to spend.
Their employers would have less to spend.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs.

Increased spending? From the loss of up to 3.7 million jobs?

 

[Wyatt earp]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Yes, some low skilled workers would benefit with more income.
Some low skilled workers would end up with no income.
Some prices would increase.
The employed would have more to spend. The unemployed would have less to spend.
Their employers would have less to spend.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs.

Increased spending? From the loss of up to 3.7 million jobs?

Good thing it's still 25 cents an hour


No?

 

[Toddsterpatriot]

So many times I hear conservatives make the ridiculous claim that if the minimum wage was raised a few buck an hour, the cost of everything would skyrocket. It comes from such a place of ignorance. And yes, prices would rise but we are talking cents on the dollar and people would have a few extra hundred bucks to spend each month.

Actual economics matter. Jobs would be lost initially, but over time the boost to consumer spending would CREATE jobs. The cost of jobs is worth the benefits.

“A new report from the Congressional Budget Office (CBO) has evaluated the impact of raising the federal minimum wage to $15, $12, or $10 per hour by 2025. According to CBO estimates, raising the minimum wage to $15 an hour would boost the pay for 17 million workers. But, says CBO, it would also cause a median 1.3 million employees to lose their jobs as employers can’t afford the wage — that’s a 0.8% reduction of the number of employed workers.

CBO says that if the federal minimum wage were raised to $15 an hour, there is a 66% chance that between none and 3.7 million people could lose their jobs. However, the report states, “there is considerable uncertainty about the size of any option’s effect on employment.”

$15 minimum wage would boost pay for 17 million workers, says CBO

If the viability of your business relies on exploiting people, your business really shouldn't be in operation to begin with.

Exactly!
Low skilled minorities shouldn't even try to get a minimum wage job.
Gaining skills and experience is just exploitation.
Collect welfare instead, stick it to the man!!

 

[whitehall]

Actually it demonstrates how left wingers don't understand the topic.

 

[blackhawk]

What many on the left fail to understand is this is not a one size fits all world. In some areas of country a 15 dollar an hour minimum will have little negative impact and be a benefit in others it will be devastating.

 

[Wyatt earp]

What many on the left fail to understand is this is not a one size fits all world. In some areas of country a 15 dollar an hour minimum will have little negative impact and be a benefit in others it will be devastating.

They know it, they do..


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