Can someone explain the sheer idiocy behind the minimum wage increase?

What's the most important issue right now?

Unemployment rate.

Do mainstream academic world as well as mountains of both empirical and observed evidence suggest increase on min-wage leads to higher unemployment rate?

Yes.

So what did Obama do?

Increase the minimum wage.

 

In the UK, the naysayers claimed that a minimum wage would raise unemployment. It actually reduced unemployment by encouraging people on welfare to get jobs.

 

Please provide case studies from creditable sources to back up your claim.

Also, by your logic, why hadn't the UK gov't raised the min-wage to 100 pound per hour?

That would make everyone go head over heels for jobs.

Oh liberals, how can we do without you as comic relieves.

 

You're assuming a job is a job is a job. But unemployed people aren't all looking for any minimum wage job that's out there, and even when they are that desperate they are rejected for being overqualified. Also, unemployment benefits are proportional to what you were making when you were working, which means that an out-of-work project manager or accountant probably makes more on unemployment than they would at a minimum wage job.

In that light, you can see that raising the minimum wage could incentivize some people to consider minimum wage jobs when they hadn't considered them before. The impact on unemployment is probably overhyped.

 

Why should anyone bother "explaining" it to you.

You made it very clear in the way you worded your OP, that you aren't interested in being confused by anything other than what you've already decided to believe.

 

Simply ending welfare would have accomplished the same thing.

There are too many lazy people IN AMERICA scamming the system who could and should be working.

 

I think this is a losing argument. Not because the minimum wage doesn't increase unemployment - seems to me it does, but you've got to come at things from a more principled position. The worker and the employer should be able to voluntarily negotiate their contract. The minimum wage takes away choice.

It's likely that the minimum wage has a sweet spot if your goal is high [wages*employment]. A sweet spot above $0. That we should be able to negotiate our own agreements is, I feel, a more cohesive argument even for those who disagree on the numbers.

 

The "sweet spot" is going to vary depending on the job.

You can find plenty of people qualified to stand at an entrance and say "welcome to Walmart" but not so many who can weld aluminum.

So both jobs do not deserve the same pay.

 

Knock off the hyperboles and find a better argument.

 

The consensus among economists is that our unemployed are primarily long-term unemployed. If they are on unemployment insurance, minimum wage would actually be a pay reduction. I know because I was an out of work construction employee for 3 months.

.....For Federal contractors.

Either way, I don't actually think minimum wage needs to be increased. I would rather them just index it to the CPI. Most states are raising their own minimum wage anyway.

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No facts, of course.

 

The facts are self evident.

The Brit told use that raising the minimum wage induced Brits to get off their butts and take a job.

Canceling the free welfare checks would have accomplished the same thing.

 

I don't think there should be a minimum wage, period. For any job.

 

Taxcutter says:
A minimum wage increase has nothing to do with burger-flippers.

It is a political payoff to the SEIU - which typically pegs the wage structure in their agreements to the minimum wage - pure and simple. Such an increase only puts more people out of work. The SEIU is a big Democrat/Hussein Obama supporter, and a leading vote fraud agent.

 

Thanks for providing even more evidence that welfare provides a disincentive to work.

 

approve the Keystone pipeline. That costs zero taxpayer dollars and gets people working

The issue is that unless it can somehow be shown that the govt vs the private sector is the answer, then the POTUS is against it

 

It appears that this huge increase in minimum wage would, indeed, increase unemployment: http://www.reuters.com/article/2014/02/18/us-usa-wage-cbo-idUSBREA1H1VE20140218 .

But remember -- from Obama's standpoint, there is, above all, a timetable, and that timetable is oriented around the Congressional elections in November! It doesn't matter to him if unemployment increases beginning one day after the November elections, and it doesn't matter to him if this gigantic, bloated increase in the minimum wage sets off the biggest round of inflation we've seen in decades. Once again, he'll have gotten the "bottom-feeder" vote to keep his socialist minions in place in Congress, and that's ALL he cares about.

 

So you think a good job growth model should have a ratio of 80% of minimum wage jobs and 20% non minimum wage employment growth?

 

He needed something to take the peoples mind off Ubamacare. His deflections are running out and getting worse. But when your an empty head what can you expect.

 

In order to qualify for the higher wage 20% jobs Obama voters have to have something between their ears that translate into marketable skills.

Unfortunately the lib public education system has failed the kids it supposed to be training.

 

Although Macy's had a great holiday season they are planning to eliminate 2,500 jobs. So tell me the economic logic in that. There is none.

The fact is that means that fewer people will be able to buy Macy's products, but I don't hear you complaining when companies do stupid things like layoff workers for short term bottom line profits.

Raising the minimum wage will give more people more money to spend and will encourage employers of people who earn more than the minimum wage to give them raises which that haven't done because the slow economic recovery has given employers power to keep wages and benefits low.

 

Sure, no problem.

Obama and pals have printed and spent so much money, $7.40 wont be enough for anyone to survive on once inflation and interest rates go through the roof. It hasnt happened yet, but it is going to happen soon, most likely before obama leaves office.

Now, dont you feel "stimulated?"

 

Obviously you don't know what happened before there was a minimum wage.

 

Yea bull. You have to work to get unemployment, and you have to accept a position at least 90% of your old salary (in my state). I'm sorry a $7 / hour part time job didn't fit that description.

By the way, my unemployment salary helped the economy.. for if I didn't have temporary income, my spending would have went to ZERO.

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LOL, inflation and interest rates are the LOWEST THEY HAVE EVER BEEN.

You just don't understand economics.. you want to believe right wing talking points.

Inflation and interest rates are staying put because our economy can't stimulate any demand.

 

It also lines the pockets of the Koch Brothers.

It is projected to create a whole THIRTY FIVE permanent jobs.

If you want to create real jobs and infrastructure, repair our roads, build some new ones, and invest in public transportation projects.

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Funny how you are concerned about inflation but the Fed can't even print its way to 2%.

Why are you so afraid of inflation? Do you just not understand it?

 

and you think we can just print 7 trillion dollars with no negative effect? who doesnt understand economics?