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Started By
Message
re: CBO releases new $15 min wage analysis: adds 58 billion to deficit, costs 1.4 million jobs
Posted on 2/8/21 at 11:11 am to The Maj
Posted on 2/8/21 at 11:11 am to The Maj
quote:
I really want a lefty to get in here and defend this based on the CBO report...
Projections...only projections. It’ll work better in the US, just like socialism!!
This post was edited on 2/8/21 at 11:12 am
0
Posted on 2/8/21 at 11:11 am to HailHailtoMichigan!
"I think that there's a lot of people more concerned about being precisely, factually, and semantically correct than about being morally right."
Posted on 2/8/21 at 11:15 am to oliveandblue
quote:
does the opposite of what they want it to do.
Either they’re badly educated, or they don’t care as long as it buys them votes, or they see higher unemployment as desirable.
I assume Bernie is mix of two and three.
This post was edited on 2/8/21 at 11:16 am
Posted on 2/8/21 at 11:18 am to HailHailtoMichigan!
Kills 1.4 jobs is music to democrats ears. Put them in welfare chains so they can never not vote democrat again!
Posted on 2/8/21 at 11:43 am to oliveandblue
quote:
Those jobs lost are low end jobs that are filled by lower class citizens. Basically, spiking the min wage only does the opposite of what they want it to do.
Looks like no one here actually read the report:
quote:
For families with workers earning wages at or near the federal minimum, real income would increase. That effect would be concentrated in the lowest quintile, or fifth, of the distribution of family income.
For families that lost employment because of the increase in the minimum wage, real income would fall. That effect would also be concentrated in the lowest quintile of the income distribution, but it would be smaller than the increase in real income just described.
The tweet in the OP leaves out some context too. The increase to the deficit would be by 2031, not immediately, and the 1.4 million jobs lost would be by 2025, also not immediately. And the report says that of those 1.4 million jobs, half of the people working them will have left the workforce by 2025 anyway.
Posted on 2/8/21 at 11:43 am to HailHailtoMichigan!
That seems really low.
Posted on 2/8/21 at 11:56 am to The Maj
quote:
I really want a lefty to get in here and defend this based on the CBO report...
you think they care? That's your first problem. They don't come into these threads ever and people point it out constantly without remembering rule #1 They. Do. Not. Care.Posted on 2/8/21 at 12:04 pm to wutangfinancial
The report says it would increase income for affected people by a net positive of about $330 billion.
Posted on 2/8/21 at 12:08 pm to HailHailtoMichigan!
The $58B deficit is a drop the bucket.
The 1.4 Million jobs lost would be catastrophic.
The 1.4 Million jobs lost would be catastrophic.
Posted on 2/8/21 at 12:08 pm to HailHailtoMichigan!
quote:
CBO releases new $15 min wage analysis: adds 58 billion to deficit, costs 1.4 million jobs
Unfortunately, some sacrifices will have to be made.
Posted on 2/8/21 at 12:11 pm to SSpaniel
they say that people need a "living wage" but im a small business owner and when i pay my employees what theyre worth. i gvie them money for housing, food, and fun, and the world repays me y trying to put me out of business for "healthc ode violations" and "endangering chikldren" but we all know that theyre just attacking hardworking small businessowners because we are real conservative americans. the $15 minimum wage is just to put us out of busienss so that the liberalk corporate elite can conmtinue to take over. if my employees want $15 to work while i read tigerdroppings all day thent hey can start their own busienss like i did
Posted on 2/8/21 at 12:12 pm to SG_Geaux
quote:
I think that job number is WAY WAY WAY LOW.
Likely closer to 10.4 million jobs lost, and no telling how more businesses would close because of it.
Posted on 2/8/21 at 12:28 pm to Stonehog
quote:
And the report says that of those 1.4 million jobs, half of the people working them will have left the workforce by 2025 anyway.
It’s okay guys, half of them were gonna stop working anyway!
You.
Are.
Subhuman.
Scum.
Posted on 2/8/21 at 12:29 pm to beerJeep
quote:
You.
Are.
Subhuman.
Scum.
It’s actually a net positive for poor people. You’d know that if you read the report.
Posted on 2/8/21 at 12:29 pm to wutangfinancial
They’re telling Biden to diversify his portfolio, Democrat!
Posted on 2/8/21 at 12:31 pm to HailHailtoMichigan!
Millions of Americans Projected to Remain Jobless as Biden Packs U.S. Labor Force with Foreign Workers
https://www.breitbart.com/politics/2021/02/07/millions-of-americans-projected-to-remain-jobless-as-biden-packs-u-s-labor-force-with-foreign-workers/
https://www.breitbart.com/politics/2021/02/07/millions-of-americans-projected-to-remain-jobless-as-biden-packs-u-s-labor-force-with-foreign-workers/
Posted on 2/8/21 at 12:37 pm to The Pirate King
quote:~107%
50% raise
Posted on 2/8/21 at 12:38 pm to Stonehog
quote:
The report says it would increase income for affected people by a net positive of about $330 billion
900k people get a “net positive” while 1.6 million lose their jobs, which is a net negative
Leftist math folks
Posted on 2/8/21 at 12:39 pm to Stonehog
quote:
It’s actually a net positive for poor people. You’d know that if you read the report.
The funny thing about reality is that projections and plans are only accurate and work up until the plan actually starts.
Reality has a weird way of saying frick your projections. frick your plan. Especially when those pesky, selfish, humans are involved.
You see, friend. We are selfish. We care about ourselves. This “higher minded” bullshite is just that. bullshite.
When push comes to shove, at the end of the day, we humans will do whatever we can to better our own situation or pass our problems on to other people.
You know why sociopaths work their way into the top positions of government and industry? Because they know what they are, and they know what YOU are. Humans will never be equal, and the sociopaths that find their way into power do everything they can to ensure that.
Even your savior joe. Even Obama. Sociopaths that got to where they were because they don’t give a rats arse about you.
Sheep will never understand the thought process of wolves. Idk why I waste my time trying to explain it to you.
Posted on 2/8/21 at 12:40 pm to HailHailtoMichigan!
quote:
Progressive economists likely screaming into their laptops right now.
Why would they be doing that? The CBO is a leftist organization. They absolutely put the best possible face on this.
This post was edited on 2/8/21 at 12:41 pm
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