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re: Study: States that raised minimum wage had stronger job growth
Posted on 7/10/14 at 5:55 pm to EthanL
Posted on 7/10/14 at 5:55 pm to EthanL
It's just like hedge funds that kicked arse in 2010. The states that had idiotic law makers that are approving such things are the same states that got smashed the hardest in the recession. The bounce back might be slightly bigger, but right to work states are still appreciative of all the jobs their shitty legislation sent their way.
1
Posted on 7/10/14 at 5:57 pm to TT9
How do you min wage increase supporters feel about mandating hire wages for white children of wealthy families who have chosen to earn extra money by flipping burgers in between their summers at prep school?
Posted on 7/10/14 at 5:57 pm to Tiger n Miami AU83
Left's war on science.
Posted on 7/10/14 at 5:58 pm to TT9
Great news. Walmart will now have to take care of its employees, instead of the taxpayers doing it. 
Posted on 7/10/14 at 5:58 pm to the808bass
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains
Boom-boom
Its not scientific BUT its true cause we manipulated, opps, we studied that data real hard.
Posted on 7/10/14 at 5:58 pm to TheHiddenFlask
In truth, there is only one way to regard a minimum-wage law: it is compulsory unemployment, period. The law says, it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum-wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.
Posted on 7/10/14 at 5:59 pm to Old Hellen Yeller
quote:You have no fricking clue what a business is, do you?
Walmart will now have to take care of its employees
Posted on 7/10/14 at 6:00 pm to HailHailtoMichigan!
I am a little pessimistic about the minimum wage being raised, but a lot of states are doing it, and I am no economist.
So the question is: why. Why are blue states doing it. Is it, as the study says, that they are betting on these lower-wage earners to turn around and put it right back into the economy?
So the question is: why. Why are blue states doing it. Is it, as the study says, that they are betting on these lower-wage earners to turn around and put it right back into the economy?
Posted on 7/10/14 at 6:02 pm to EthanL
Blue states are doing it because blue states are mind-bogginly more expensive to live in than red states.
Posted on 7/10/14 at 6:02 pm to EthanL
quote:
Why are blue states doing it
Because the left panders to the poor, and poor people are under the false impression that raising the minimum wage makes most poor people better off.
Posted on 7/10/14 at 6:03 pm to HailHailtoMichigan!
quote:
You have no fricking clue what a business is, do you?
Well that escalated quickly
watch out, this one is angry
Posted on 7/10/14 at 6:05 pm to Old Hellen Yeller
quote:I am, because I am appalled at the willingness of you guys to poop all over economic liberty.
watch out, this one is angry
Posted on 7/10/14 at 6:17 pm to Old Hellen Yeller
quote:Fairly?
Well that escalated quickly
Posted on 7/10/14 at 6:20 pm to THRILLHO
quote:
Because the left panders to the poor, and poor people are under the false impression that raising the minimum wage makes most poor people better off.
You don't think we should pander to the poor?
Kiss the wealthy's arse is the opposite option? What to do...
Posted on 7/10/14 at 6:21 pm to EthanL
quote:I don't think anyone should be pandered too, but that's how politics is played.
You don't think we should pander to the poor?
Posted on 7/10/14 at 6:26 pm to EthanL
quote:
Kiss the wealthy's arse is the opposite option?
At least it would be honest. Big corporations like McDonald's and Wal-Mart don't mind minimum wage increases because, with economies of scale, they're much better able to handle the cost increases than smaller mom & pop companies. It costs them a little more money with the benefit of less competition/larger market share. The wealthy also easily handle increased costs resulting from the minimum wage increases. Some poor (the ones that don't get laid off) are marginally better off until inflation catches up, the wealthiest are mostly unaffected, and the middle class gets totally fricked by the wage increases.
This post was edited on 7/10/14 at 6:28 pm
Posted on 7/10/14 at 6:36 pm to TT9
Amazing that no academic journals have picked up this research, what with its truly impressive methods combined with its revolutionary results.
Edit: Oh.
Edit: Oh.
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains.
This post was edited on 7/10/14 at 6:40 pm
Posted on 7/10/14 at 6:37 pm to EthanL
quote:So there's no middle ground? No one on this board that thinks that neither should be pandered to?
You don't think we should pander to the poor?
Kiss the wealthy's arse is the opposite option? What to do...
Posted on 7/10/14 at 6:41 pm to TT9
from you own link
ETA: dammit
quote:
CEPR acknowledges this analysis is far from scientific and draws no direct link between raising the minimum wage and payroll gains.
ETA: dammit
quote:
the808bass
This post was edited on 7/10/14 at 6:43 pm
Posted on 7/10/14 at 6:44 pm to BlackHelicopterPilot
quote:
Of course they are.
It would be more helpful to simply post the info with a link (as the OP did) and let folks discuss it.
Almost ALL growth and knowledge come from "debate" about the issue.
If a theory has merit...it MUST stand up to challenges. Without those challenges, the theory is pretty worthless.
Yes, there will be SOME snarkiness. It happens on each "side". But, the exercise is valid and worthwhile.
I've learned a great deal on here from these types of discussions. And, unless the "learning" took place on a subject that was totally new to me, then the "learning" implies that I was either of limited exposure or simply incorrect. THAT is when the 'challenges' are useful
quote:
BlackHelicopterPilot
upvote for you sir
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