- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: CBO releases new $15 min wage analysis: adds 58 billion to deficit, costs 1.4 million jobs
Posted on 2/9/21 at 11:33 am to Jbird
Posted on 2/9/21 at 11:33 am to Jbird
That article was absolutely laughable and we have two real world examples ( book store payroll & rental ) that are not getting real world answers from the pro $15 folks.
No real world answer, just theory and fluff.
No real world answer, just theory and fluff.
2
Posted on 2/9/21 at 11:34 am to Stonehog
The sad part is I did actually read it.
Posted on 2/9/21 at 11:34 am to Rsande63
quote:But the other guy's feels!
No real world answer, just theory and fluff.
Posted on 2/9/21 at 11:35 am to Stonehog
quote:
You didn’t read it. Try this, go to Google.com, click in the search bar and type “minimum wage pros and cons.”
OR.
You can take an economics class and learn the math behind why it’s bad, not the emotional bullshite you continue to spew.
Why do you think humans will go against their base human nature?
This post was edited on 2/9/21 at 11:37 am
Posted on 2/9/21 at 11:37 am to Rsande63
quote:
Give us a real world answer of what that would do to you & your stable living situation?
How does a minimum wage increase force you to raise the rent?
Posted on 2/9/21 at 11:38 am to Stonehog
quote:
quote:
It's all bad. Only someone who has never taken an econ course would spout that bs.
Minimum wage pros and cons
Laws of economics disagree with that emotionally fallacious BS.
Minimum wage - an economic floor for price - necessarily dictates less demand and more supply, leading to more than the optimal unemployment.
This is as straight up fact as you can get in economics. It's as involatile as the laws of physics. It is fact.
So take your emotional arguments and frick yourself.
Posted on 2/9/21 at 11:39 am to Rsande63
quote:
That article was absolutely laughable and we have two real world examples ( book store payroll & rental ) that are not getting real world answers from the pro $15 folks.
Your rental example is a hypothetical, the book store owners who are already paying $11 should know that it’s an incremental increase. They wouldn’t need to pay $15 for several years. Plus increased demand from people with more income can offset the higher costs of labor.
Posted on 2/9/21 at 11:40 am to Stonehog
quote:
How does a minimum wage increase force you to raise the rent?
Why would the landlord take a pay hit? That goes against basic human nature.
The landlord has to look out for his own well being and the well being of his family. If his costs go up, he will in turn raise rent to increase his income.
The landlord doesn’t care if you can’t afford the new rent, someone else will.
Posted on 2/9/21 at 11:40 am to Stonehog
quote:
Your rental example is a hypothetical, the book store owners who are already paying $11 should know that it’s an incremental increase. They wouldn’t need to pay $15 for several years. Plus increased demand from people with more income can offset the higher costs of labor.
Why are book store employees paid $11 instead of $7.25, moron?
This post was edited on 2/9/21 at 11:41 am
Posted on 2/9/21 at 11:40 am to Stonehog
How ?
Landscaping costs increase, repairs increase, cost of everything in the unit increases.
A widget is made, shipped , sold , bought by repair man , repaired , his clerk invoices me , cost of their invoice software increases.
Does everyone in the supply chain eat the cost for the McDonald's worker?
Thanks for the response but it is the classic example of a person never running the hypothetical lemonade stand.
Landscaping costs increase, repairs increase, cost of everything in the unit increases.
A widget is made, shipped , sold , bought by repair man , repaired , his clerk invoices me , cost of their invoice software increases.
Does everyone in the supply chain eat the cost for the McDonald's worker?
Thanks for the response but it is the classic example of a person never running the hypothetical lemonade stand.
Posted on 2/9/21 at 11:41 am to Stonehog
quote:
should know that it’s an incremental increase.
So? One more for ya, does a 16 year old kid in West Virginia with no work experience deserve 15 bucks an hour to work for a lawn service in his very first job?
Posted on 2/9/21 at 11:42 am to Stonehog
quote:
How does a minimum wage increase force you to raise the rent?
The fact that you even asked that question proves you're not qualified for this discussion.
Posted on 2/9/21 at 11:43 am to BiteMe2020
quote:
Laws of economics disagree with that emotionally fallacious BS.
Higher income increases demand for goods and services. That’s not an emotional argument. The only people using emotional arguments in this thread are talking about people making $23 an hour getting their feelings hurt when a burger flipper starts making $15.
Posted on 2/9/21 at 11:43 am to Jbird
“The increase will only count towards stores that have x amount of employees so your mom and pop will be exempt from having to pay more for a few years!”
Soooooo what kind of high school kid is going to go stock shelves or be a buggy boy at the mom and pop grocery store paying $10 an hour when he can do the exact same job at Walmart which has to pay him $15 for the exact same work?
Soooooo what kind of high school kid is going to go stock shelves or be a buggy boy at the mom and pop grocery store paying $10 an hour when he can do the exact same job at Walmart which has to pay him $15 for the exact same work?
Posted on 2/9/21 at 11:43 am to Rsande63
The bookstore response showed another disconnect from people running a business or conducting a market study...
You honestly believe minimum wage workers will now buy collectable books because they have more disposable income ?
That fails every sniff test. His bookstore demand will go down because landlords,who probably enjoy nice books, have less money.
You honestly believe minimum wage workers will now buy collectable books because they have more disposable income ?
That fails every sniff test. His bookstore demand will go down because landlords,who probably enjoy nice books, have less money.
Posted on 2/9/21 at 11:44 am to Stonehog
quote:What happens to the cost of said goods and services?
Higher income increases demand for goods and services
Posted on 2/9/21 at 11:44 am to Stonehog
quote:
Higher income increases demand for goods and services.
But what happens when the goods and services have all increased in price, making your actual purchasing power less than it was before?
Posted on 2/9/21 at 11:44 am to BiteMe2020
quote:
The fact that you even asked that question proves you're not qualified for this discussion.
Wow.
Posted on 2/9/21 at 11:44 am to Stonehog
quote:
Higher income increases demand for goods and services. That’s not an emotional argument.
Didn't read the article, I see.
Your specific argument here, which wasn't the only fallacious argument made in the piece, assumes incorrectly that higher income does not drive up prices for goods, which has a downward force on demand.
IOW - you're still a fricking moron.
Posted on 2/9/21 at 11:45 am to Stonehog
You are being absolutely dog walked.
Page 9 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News