re: Govt Assistance and Minimum Wage

quote:

---

A recent study by researchers at the Cornell School of Hotel Administration, however, found that higher minimum wages have not affected either the number of restaurants or the number of people that they employ, contrary to the industry’s dire predictions, while they have modestly increased workers’ pay.

---

Because cost is passed on to the consumer.

Here's the WaPo btw:

quote:

---

LINK

---

quote:

---

When Seattle officials voted three years ago to incrementally boost the city's minimum wage up to $15 an hour, they'd hoped to improve the lives of low-income workers. Yet according to a major new study that could force economists to reassess past research on the issue, the hike has had the opposite effect.

The city is gradually increasing the hourly minimum to $15 over several years. Already, though, some employers have not been able to afford the increased minimums. They've cut their payrolls, putting off new hiring, reducing hours or letting their workers go, the study found.

---

quote:

---

the whole, the study estimates, the average low-wage worker in the city lost $125 a month because of the hike in the minimum.

---

quote:

---

In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers. Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.5 million had wages below the federal minimum. Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.

The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 3.3 percent in 2015 to 2.7 percent in 2016. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis.

---

About half are teens. Not most, not all. Etc. This wouldn't just affect minimum wage workers though as it would be an increase of several dollars. It would affect a high number of people who makes a $10 an hour or more in which the average age of that goes up.

quote:

---

and when the wage gets high enough automation will make them obsolete.

---

Automation will make most workers obsolete in the future

quote:

---

Sorry. Gas station.

---

Nope. Our company has over 150 employees. None of which make minimum wage.

quote:

---

I'm sorry you can't understand the basic economic model that getting paid more creates more money in the economy for spending power

---

not when you're a minimum wage worker. Your purchasing power decreases.

quote:

---

No it really isn't. The obvious thing here is you don't have any numbers to back up your point and you're just talking out of your arse and when you start slipping backwards you just throw out an opinion. That was your back hitting the mat.

---

Child. Not at all.

quote:

---

Is this the equivalent of sticking your fingers in your ears and saying nah nah nah nah?

---

Nope. Just repeating facts you refuse to understand.

quote:

---

I've already shown you plenty on how many of the projected Workforce would rise above the poverty threshold but you're choosing to ignore it because it doesn't aid credibly one-sided point of view.

---

Is that what happened in Seattle? Hm. Odd that reality doesn't match your assumptions.

quote:

---

You talked about how people would lose their jobs at the bottom rung then went on to explain that the people who would keep their jobs and rise above the poverty threshold would not be more productive because they are the bottom rung.

---

Correct. Because minimum wage workers, including those who don't get immediately laid off, will still be minimum wage workers. A burger flipper making 10 an hr has the same drive as a burger flipper making 15 an hr. It's all relative. I know that's hard to understand.

quote:

---

You see how you're starting to unravel at the seams there pal? You're now relying on vague, general opinions in order to prove your point. Im smelling weakness.

---

Nope. That's your pea sized brain not being able to keep up.

quote:

---

Maybe you're right. I'll go back and read about how last time minimum wage increased it would crash the economy. Maybe how it will this time. Maybe I can go back each time and find the the Doomsday Sayer like you and find nothing really happened except for workers getting a higher floor that was in line with the GDP.

---

Crash the economy? Where did I claim that? I simply said forced min wage hikes end up hurting those who it's meant to help. Which is a fricking fact.

quote:

---

I know that you just exposed yourself without any real economic information to back yourself up while claiming yourself King of the economic Mountain. This is how it usually goes though. I kick your arse up and down the floor after breadcrumbing you for a while and you beat your chest and wallow in ignorance. The pretty sad routine actually.

---

Nope. But you've been exposed for an imbecile who can't grasp simple concepts, nor follow a discussion properly. Also never claimed to be an economic king. I said I have a minor in the subject and am far from an expert. Although in comparison to you I'm the Einstein of economics.

Also, only person getting their arse handed to them....
Is you.

quote:

---

would love to find your business and pass along to all of your employees that you think they're bottom of the rung and don't deserve more money. It would be funny to watch you trying to weasel out of that one.

---

Like I said. None of our employees make minimum wage. And the vast majority are college grads. Keep up with the baseless assumptions. Pleb. You're a joke.

quote:

---

God damn you either haven’t read the past 8 pages or as about as dumb as a box of rocks. For the 500th time if you raise minimum wage you screw businesses which either cut the minimum wage jobs and screw the consumer by passing along price increases. All so we can “give a low to no skill” employee a raise to care for “their families”, that you keep referencing, which isn’t what minimum wage earners should be worried about in the first fricking place.

---

Regardless of the value you place on what someone who earns minimum wage should or should not be concerned with, show me how it has negatively impacted the economy each time minimum wage has been increased. Please I'm waiting for it.

I read 8 pages of nonsense and now I'm laying it down for you.

Kid. Stay in school. When you get to college, take at least one economics class. Maybe one day you will understand.

quote:

---

Show me. Show me how that hass historically happened each time minimum wage is increased

---

You've got a link a couple posts above. I can draw pictures if you'd rather.

LINK

quote:

---

David Macpherson of Trinity University and William Even of Miami University analyzed employment data over this time period, with a specific focus on industries with a higher percentage of lower-paid employees. They find that a 10% increase in the minimum wage causes a nearly 5% reduction in employment in these industries.

---

From your link

quote:

---

It estimates that the increase in the wage would reduce employment by about 500,000

---

You're just googling shite without even understanding what it means

quote:

---

Looks like the Congressional budget office, based on past research, shows no ill-effects at all from raising minimum wage to match the GDP like it has been done historically.

---

Read your own link jethro

He really thinks he's winning this argument Roger.... I just can't comprehend being so ignorant