Raising the minimum wage is good for the economy.

Do you consider Congress to be government workers? I certainly do.

By Bully pulpit, do you mean what Trump has been doing? Since Obama can't claim to have saved the Carrier jobs, that was handled by Trump.

As to your wife being a great employee, maybe so. Does she have private firm experience?

 

These idiots never consider cost of living when discussing federal law. $15/hr in rural areas would completely derail the entire economy. Much of the mfg in this country takes place in rural areas in small factories that pay 10-12 dollars an hour which is a really good living for someone that bought a 1700 sq ft house for 62000 dollars.

 

Are you calling the demand curve theory? There are factors which will skew the equilibrium mark or skew the supply or demand artificially off of the equilibrium, but that doesn't mean that the equilibrium doesn't exist. There is arguments as to how much effect certain variables have on the demand curve, but it is a tool used to describe real life interaction.

 

http://www.attn.com/stories/5493/minimum-wage-in-other-countries

 

Let's take a look at incomes during both Bush 43 vs Obama

 

It is not clear to me why Australia would need any minimum wage laws.

Especially after reading their average incomes.
https://www.livingin-australia.com/salaries-australia/

 

So, logically, if America were to follow suit then we'd be better off because you contend that it worked well in Australia?

Does an orange taste the same as a lemon? They are both round, citrus fruits.

You cannot realistically compare dissimilar things by using the same criteria.

The United States' GDP is estimated to be around $18 trillion. Australia's is less than $2 trillion.

Apples-to-apples...oranges-to-oranges.

Perspective.

 

You know...the more I read your posts, I'm starting to come to the conclusion that you MUST be just trolling us all to get us worked-up and arguing with you.

You're likely one of those people with no real life who hangs out online all day looking for only the stats and charts that support your vision of shiny, happy people frolicking in a field of pansies and tulips - and ignoring all others.

The reason I conclude this is that it's hard to imagine that anyone - even the most pea-brained Oregon socialist - could possibly truly believe in the tripe that spews forth in your inane posts.

You do realize that the capitalism that you so vehemently abhor has created ALL of the creature comforts you enjoy in your life.

Surely...you must realize this, right?

This is the last reply I'll make to any of your posts because they are a waste of time and are completely insulting to our intelligence.

Everyone else can draw their own conclusions....but surely I cannot be alone.

Have a swell life in spite of yourself.

 

A distinction is needed. Government workers are from the working class, complete an application, and earn a paycheck. They are hired by a manager who usually doesn't know them. they can be fired but not impeached.
Congress is elected after being selected by a Party to run for office and they have no boss overseeing them as workers do. They can't be fired but they can be impeached.

Sorry your vision is clouded so you cannot think of these differences.

Yes.

 

Well, without bothering to waste my time, I'll just say that is a completely bogus argument. A person has to be completely ignorant of the current debates over minimum wage to believe and argue that.

 

I said in different words that the whole graph and explanation is presented as a theory which it is, and so it specifies nothing relating to the real-world situation we were talking about, and so it is therefore of no value here.

 

Both classes collect their pay from Government.

Sorry you had to try to divert to your own topic.

It matters little how they work, they are all paid from the funds of taxpayers.

 

This OP should be embarrassed by the stuff they post.

The OP showed the intellectual aptitude of a grade schooler and claims groundbreaking evidence LOL.

It's going to be a great 8+ years.

 

Why would anyone making above minimum wage want minimum wage increased since it will drive up costs and minimum wage jobs are for young people and adults with day jobs supplementing their income?

 

Price controls (ie, minimum wage) don't work on any level, micro or macro. The number of people who haven't taken a simple Econ 101 course and try to push their agenda is just astounding. Is it amusing? Yes it is, but very sad.

 

He called 8 Trillion debt unpatriotic and irresponsible so what did he do? why he brought it to 20 Trillion with absolutely nothing to show for it except an increase in police officers being assassinated, a MSM that tries to incite racial violence on a daily basis and the need for our air force to remove parts from museum pieces in order to keep their planes flying. Obama is the single most fantastically un-American failed President our nation will ever see.

 

You left out one. Islamic terrorism doesn't exist.

 

A federal minimum wage is terrible because of variance in cost of living, period.

- - - Updated - - -

This is an absurd argument. The whole debate over min wage is centered over demand curve.

 

Here is the thing about minimum-wage though, the economist that propose it know that it will decrease employment. They just don't think it's significant enough to matter. Well it matters to the people that can't get jobs.

 

very nice, and I started a business, grew it and now have employees and deal with costs and cash-flow every moment of each day (you'd understand if you did more than "study" ) and your "living wage" will simply result in initiatives like you see occuring at McDonalds as well as the hotel that I just stayed at in a "progressive" country where they have all the social programs one liberal can lust for as well as wage laws. This hotel eliminated the front desk employees and you use kiosks to check-in, out, touch screens to get information.

Businesses will find a way to succeed so perhaps do a little less studying and give it a go of starting, self-financing and growing a business and then get back to us about "living wages"

If govt forces higher costs upon businesses they will find ways to cut costs (employees) or pack up and move. There is no magic money tree out back

 

the facts if reviewed paint a very grim picture

govt debt increased by $12 Trillion in 8 years

for every $1 of fed govt debt increase, the ENTIRE GDP only grew 25 cents

So, govt increase in debt rate was 4x the increase in ENTIRE GDP growth

Despite RECORD tax revenue collections, the debt still GREW

almost 100 MILLION people out of the labor force

job growth is in the fast-food sector

health insurance premiums skyrocketed

nearly 0% interest rates, $12 Trillion additional debt yet the GDP languishes


that is the reality and no sugar can coat it

 

No it wouldn't, because none of the costs incurred are business costs, but primarily taxes(either from a worker's paycheck) or from the government's created funds. But no, not the business itself directly. My proposals have not touched a single dime of business profit. That's the best part. That and the self-sustaining nature of it.

 

Illegal immigrants keep wages low, too. But you won't hear the left griping about that.

 

Most of those are the result of the recession which was already in motion before Obama took office. It's also worth noting that each year's budget is signed October of the year prior, meaning Obama's first budget in 2009 was actually signed by George W Bush. The 2009 budget signed by Bush was the single biggest deficit year the US ever saw with a whopping $1.4 trillion dollar deficit. The deficit for the 2017 budget is projected to be about $503 billion. It's much too high, but to ignore the fact that this administration took office with the highest deficit already in effect is irresponsible. During most points in US history, decreasing the deficit by 900 billion would have balanced the budget, the only reason why it didn't under this administration is because the starting point was a $1.4 trillion dollar deficit

If it were that simple, the recession would have been non-existent in every state with a higher minimum wage.. but that is not what happened. It's also worth noting that the state with the lowest poverty rate in the country is New Hampshire, whose minimum wage is the lowest allowed by the federal government at $7.25 an hour. If having a low minimum wage was the single driving force to a poor economy, then New Hampshire certainly wouldn't have the lowest poverty rate of all 50 states.

 

Here's more:

https://www.forbes.com/sites/michae...udy-on-seattles-15-minimum-wage/#2902db00156a

JUN 21, 2017 @ 08:30 AM 12,965 The Little Black Book of Billionaire Secrets
The Problems With A New Study On Seattle's $15 Minimum Wage
Michael Saltsman , CONTRIBUTOR
I write about labor costs, labor unions and the restaurant industry.
SEATTLE, WA - JUNE 3: Seattle Mayor Ed Murray pauses while signing a bill that raises the city's minimum wage to $15 an hour on June 3, 2014 in Seattle, Washington. (Photo by David Ryder/Getty Images)

The headlines were ebullient: "Minimum Wage Increase Hasn't Killed Jobs in Seattle." So said a report from a team of researchers affiliated with the University of California-Berkeley, timed for the three-year anniversary of the law.

Seattle Mayor Ed Murray conveniently had an infographic designed and ready to go for the study's release. His office excitedly tweeted that the policy had "raised food workers' pay, without negative impact on employment," linking to an uploaded study version on the Mayor's personal .gov website rather than a University domain.

The Mayor's enthusiasm was understandable: The report "was prepared at the request of the Mayor of Seattle," according to the authors--apparently as a public relations prop. Less clear is why the study was done in the first place.

The City of Seattle was already funding a highly-qualified, unbiased research team at the University of Washington to do such a report. The team includes a roster of impressive researchers from a wide variety of backgrounds--ranging from Jacob Vigdor, who is a professor at the University and an adjunct fellow at the Manhattan Institute, to Hillary Wething, who was formerly at the union-backed Economic Policy Institute.

The UW reports on Seattle's $15 experiment had something for everyone. Unfortunately for the Mayor's office, their conclusions on the early stages of Seattle's $15 wage experiment were not uniformly positive. The Washington Post reports:
The average hourly wage for workers affected by the increase jumped from $9.96 to $11.14, but wages likely would have increased some anyway due to Seattle's overall economy. Meanwhile, although workers were earning more, fewer of them had a job than would have without an increase. Those who did work had fewer hours than they would have without the wage hike.
Nuanced conclusions like this one don't lend themselves to celebratory press releases like the one the Mayor's office put out yesterday. Enter the Berkeley team, which always arrives at the same positive conclusion on minimum wage no matter the number: In their view, a higher minimum wage is always a good thing.
In an expose published last year, the Albany Times-Union used emails obtained via public records request to explore the motivations of the Berkeley team:
The Times Union was recently provided hundreds of pages of emails among minimum wage advocates, Jacobs and other Berkeley academics, demonstrating a deep level of coordination between academics and advocates....
The Berkeley Labor Center has done at least six other studies on the minimum wage in California municipalities, all showing that a wage increase would be beneficial. In fact, Jacobs could not name a study conducted by Berkeley that said raising wages would have an overall negative impact. ...

Given this history of identical results, it's not surprising that the Murray administration in Seattle was anxious to have a copy of the predictably-positive Berkeley report to tout on the third anniversary of its minimum wage law.
Yet the anecdotal evidence in Seattle backs up the empirical data provided by the UW team. Local restaurant owners of establishments such as Louisa's Cafe and z Pizza have shut down, citing the cost of the minimum wage law as a factor. Karam Mann, a franchisee who owns a Subway location with his wife Heidi, has cut his staffing levels from seven employees down to three.

The wage floor is still rising in Seattle, and there are more chapters to write on the city's minimum wage experiment. But if accuracy if the goal, the Berkeley team is not the right choice to author them.