what economists say about minimum wage raise

evince said:
http://www.epi.org/publication/economic-research-supports-raising-minimum/



Economic research supports raising the minimum wage



can you fucks stop lying about everything?
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A SOCIALIST city council member in Seattle just pushed through a $15 minimum wage for that city. I personally listened to interviews with local BUSINESS OWNERS(not "economists"), who stated this would effect future hiring and would lead to some terminations. I listened to a guy who wanted to build a new parking garage, but shelved the proposal when he heard about this.
Then there's this:
"Economists haven’t reached a consensus on the optimum minimum wage policy. White House economist Alan Krueger is known as a proponent of the idea that the minimum can be raised without having adverse effects on employment.

But when two other economists, David Neumark of the University of California at Irvine and William Wascher of the Federal Reserve Board, surveyed studies that have been done over the past two decades, they found the evidence weighted toward the view that boosting the minimum wage has at least modest negative effects on job creation."
You should like that, those guys are what we call, "economists".

And think about this: If the MW is doubled, should we be urging people to spend that extra money? Or should they save it? My parents told me to save what I earned from my MW job when I was 16. But I wasn't trying to raise a family, I just wanted a motorcycle. I'd say fully 80% of those working MW today are looking at age 16 fading in the rear view mirror. If I was 35 and my salary got doubled, I'd start thinking about socking away something for retirement. But that's a paradox, isn't it? If I'm saving for the future, I'm not spending now and stimulating the economy, am I? And we can see this on a larger scale, too. We gripe about companies not hiring, yet making huge profits. How do they do this? They keep their money on the sidelines, waiting for a more favorable business climate. They are, literally, "saving for the future".
 
callinectes said:
A SOCIALIST city council member in Seattle just pushed through a $15 minimum wage for that city. I personally listened to interviews with local BUSINESS OWNERS(not "economists"), who stated this would effect future hiring and would lead to some terminations. I listened to a guy who wanted to build a new parking garage, but shelved the proposal when he heard about this.
Then there's this:
"Economists haven’t reached a consensus on the optimum minimum wage policy. White House economist Alan Krueger is known as a proponent of the idea that the minimum can be raised without having adverse effects on employment.

But when two other economists, David Neumark of the University of California at Irvine and William Wascher of the Federal Reserve Board, surveyed studies that have been done over the past two decades, they found the evidence weighted toward the view that boosting the minimum wage has at least modest negative effects on job creation."
You should like that, those guys are what we call, "economists".

And think about this: If the MW is doubled, should we be urging people to spend that extra money? Or should they save it? My parents told me to save what I earned from my MW job when I was 16. But I wasn't trying to raise a family, I just wanted a motorcycle. I'd say fully 80% of those working MW today are looking at age 16 fading in the rear view mirror. If I was 35 and my salary got doubled, I'd start thinking about socking away something for retirement. But that's a paradox, isn't it? If I'm saving for the future, I'm not spending now and stimulating the economy, am I? And we can see this on a larger scale, too. We gripe about companies not hiring, yet making huge profits. How do they do this? They keep their money on the sidelines, waiting for a more favorable business climate. They are, literally, "saving for the future".
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Crap. I just realized I spent 45 minutes crafting what I thought was a decent reply...and desh is just going to call me a lying sociopath.
 
I always love the illogical nonsense. These greedy people who are unhappy paying somebody to do something at this level will suddenly be happy paying too much for the same.

They can't be both greedy and generous and only because the government says so. It's stupid.

It's like they suspend the Law of Supply and Demand to come up with their own "Visible Hand of Government" economic myth. They are also incapable of answering the question, "Why not pay them still more?"
 
Damocles said:
I always love the illogical nonsense. These greedy people who are unhappy paying somebody to do something at this level will suddenly be happy paying too much for the same.

They can't be both greedy and generous and only because the government says so. It's stupid.

It's like they suspend the Law of Supply and Demand to come up with their own "Visible Hand of Government" economic myth. They are also incapable of answering the question, "Why not pay them still more?"
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There are lots of areas where the statists suspend the laws of supply and demand. Unfortunately the laws of supply and demand are immutable. They are fixed. They are like the laws of physics. They can't be changed by any amount of compassion or wishing. But, the statists think that they can manipulate it and they can, just not for the good of people.

The sad thing is that there really isn't must distance between the GOP and the democrat party when it comes to statism and government control other than their desire to be the ones to control it.

The reason that the minimum wage adherents won't answer the question is because they know that their entire argument falls apart when they do. Of course they will just say "That is an absurd question" and move on
 
The Dude said:
The right goes way overboard too!
Should we match China's wage because that is the market for dumbasses?
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That is a non sequitur. You claim that when you worked you made 100+K a year.

Was that because your boss was nice ?

Why didn't your employer just offer you $5.00 and tell you tough titties?
 
If the S&P can't make it back to 1775 in the next day or so then I would think the short term trend is down.

Right now I am still short the S&P with a stop at 1800. Got a nice two week gain of 5%.

Also still holding FXI puts and long Canadian dollar. See topspin I do go long.
 
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