Members banned from this thread: Cancel 2018. 3, USFREEDOM911 and canceled.2021.1


Page 1 of 16 1234511 ... LastLast
Results 1 to 15 of 229

Thread: Minimum Wage Hike

  1. #1 | Top
    Join Date
    Mar 2007
    Posts
    16,785
    Thanks
    7,190
    Thanked 12,921 Times in 7,750 Posts
    Groans
    102
    Groaned 808 Times in 757 Posts
    Blog Entries
    1

    Default Minimum Wage Hike

    What I find most fascinating about this is the split between Republican men and Republican women. How do you like that? So the only demographic against a raise is Republican men. Who are Republican men?

    That's right folks - white males! I am always accused, rather dramatically by board drama queens, of "demonizing white males". Just reporting the facts!



    Raise That Wage
    By PAUL KRUGMAN
    President Obama laid out a number of good ideas in his State of the Union address. Unfortunately, almost all of them would require spending money — and given Republican control of the House of Representatives, it’s hard to imagine that happening.

    One major proposal, however, wouldn’t involve budget outlays: the president’s call for a rise in the minimum wage from $7.25 an hour to $9, with subsequent increases in line with inflation. The question we need to ask is: Would this be good policy? And the answer, perhaps surprisingly, is a clear yes.

    Why “surprisingly”? Well, Economics 101 tells us to be very cautious about attempts to legislate market outcomes. Every textbook — mine included — lays out the unintended consequences that flow from policies like rent controls or agricultural price supports. And even most liberal economists would, I suspect, agree that setting a minimum wage of, say, $20 an hour would create a lot of problems.

    But that’s not what’s on the table. And there are strong reasons to believe that the kind of minimum wage increase the president is proposing would have overwhelmingly positive effects.

    First of all, the current level of the minimum wage is very low by any reasonable standard. For about four decades, increases in the minimum wage have consistently fallen behind inflation, so that in real terms the minimum wage is substantially lower than it was in the 1960s. Meanwhile, worker productivity has doubled. Isn’t it time for a raise?

    Now, you might argue that even if the current minimum wage seems low, raising it would cost jobs. But there’s evidence on that question — lots and lots of evidence, because the minimum wage is one of the most studied issues in all of economics. U.S. experience, it turns out, offers many “natural experiments” here, in which one state raises its minimum wage while others do not. And while there are dissenters, as there always are, the great preponderance of the evidence from these natural experiments points to little if any negative effect of minimum wage increases on employment.

    Why is this true? That’s a subject of continuing research, but one theme in all the explanations is that workers aren’t bushels of wheat or even Manhattan apartments; they’re human beings, and the human relationships involved in hiring and firing are inevitably more complex than markets for mere commodities. And one byproduct of this human complexity seems to be that modest increases in wages for the least-paid don’t necessarily reduce the number of jobs.

    What this means, in turn, is that the main effect of a rise in minimum wages is a rise in the incomes of hard-working but low-paid Americans — which is, of course, what we’re trying to accomplish.

    Finally, it’s important to understand how the minimum wage interacts with other policies aimed at helping lower-paid workers, in particular the earned-income tax credit, which helps low-income families who help themselves. The tax credit — which has traditionally had bipartisan support, although that may be ending — is also good policy. But it has a well-known defect: Some of its benefits end up flowing not to workers but to employers, in the form of lower wages. And guess what? An increase in the minimum wage helps correct this defect. It turns out that the tax credit and the minimum wage aren’t competing policies, they’re complementary policies that work best in tandem.

    So Mr. Obama’s wage proposal is good economics. It’s also good politics: a wage increase is supported by an overwhelming majority of voters, including a strong majority of self-identified Republican women (but not men). Yet G.O.P. leaders in Congress are opposed to any rise. Why? They say that they’re concerned about the people who might lose their jobs, never mind the evidence that this won’t actually happen. But this isn’t credible.

    For today’s Republican leaders clearly feel disdain for low-wage workers. Bear in mind that such workers, even if they work full time, by and large don’t pay income taxes (although they pay plenty in payroll and sales taxes), while they may receive benefits like Medicaid and food stamps. And you know what this makes them, in the eyes of the G.O.P.: “takers,” members of the contemptible 47 percent who, as Mitt Romney said to nods of approval, won’t take responsibility for their own lives.

    Eric Cantor, the House majority leader, offered a perfect illustration of this disdain last Labor Day: He chose to commemorate a holiday dedicated to workers by sending out a message that said nothing at all about workers, but praised the efforts of business owners instead.

    The good news is that not many Americans share that disdain; just about everyone except Republican men believes that the lowest-paid workers deserve a raise. And they’re right. We should raise the minimum wage, now.

    Entire Article Here
    DARLA: The Internet's Leading Cause of White Dude Butthurt 12 Years and Counting

  2. The Following 4 Users Say Thank You to Cancel 2016.11 For This Post:

    Don Quixote (02-20-2013), Mott the Hoople (02-18-2013), Phantasmal (02-19-2013), The Dude (02-20-2013)

  3. #2 | Top
    Join Date
    Jul 2006
    Posts
    17,247
    Thanks
    846
    Thanked 4,225 Times in 2,940 Posts
    Groans
    304
    Groaned 343 Times in 329 Posts

    Default

    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

  4. The Following 2 Users Say Thank You to Timshel For This Post:

    BRUTALITOPS (02-18-2013), tinfoil (02-19-2013)

  5. #3 | Top
    Join Date
    Apr 2009
    Location
    I might be movin to Montana
    Posts
    24,947
    Thanks
    7,072
    Thanked 10,611 Times in 7,328 Posts
    Groans
    68
    Groaned 1,966 Times in 1,782 Posts

    Default

    Quote Originally Posted by Darla View Post
    What I find most fascinating about this is the split between Republican men and Republican women. How do you like that? So the only demographic against a raise is Republican men. Who are Republican men?

    That's right folks - white males! I am always accused, rather dramatically by board drama queens, of "demonizing white males". Just reporting the facts!



    Raise That Wage
    By PAUL KRUGMAN
    President Obama laid out a number of good ideas in his State of the Union address. Unfortunately, almost all of them would require spending money — and given Republican control of the House of Representatives, it’s hard to imagine that happening.

    One major proposal, however, wouldn’t involve budget outlays: the president’s call for a rise in the minimum wage from $7.25 an hour to $9, with subsequent increases in line with inflation. The question we need to ask is: Would this be good policy? And the answer, perhaps surprisingly, is a clear yes.

    Why “surprisingly”? Well, Economics 101 tells us to be very cautious about attempts to legislate market outcomes. Every textbook — mine included — lays out the unintended consequences that flow from policies like rent controls or agricultural price supports. And even most liberal economists would, I suspect, agree that setting a minimum wage of, say, $20 an hour would create a lot of problems.

    But that’s not what’s on the table. And there are strong reasons to believe that the kind of minimum wage increase the president is proposing would have overwhelmingly positive effects.

    First of all, the current level of the minimum wage is very low by any reasonable standard. For about four decades, increases in the minimum wage have consistently fallen behind inflation, so that in real terms the minimum wage is substantially lower than it was in the 1960s. Meanwhile, worker productivity has doubled. Isn’t it time for a raise?

    Now, you might argue that even if the current minimum wage seems low, raising it would cost jobs. But there’s evidence on that question — lots and lots of evidence, because the minimum wage is one of the most studied issues in all of economics. U.S. experience, it turns out, offers many “natural experiments” here, in which one state raises its minimum wage while others do not. And while there are dissenters, as there always are, the great preponderance of the evidence from these natural experiments points to little if any negative effect of minimum wage increases on employment.

    Why is this true? That’s a subject of continuing research, but one theme in all the explanations is that workers aren’t bushels of wheat or even Manhattan apartments; they’re human beings, and the human relationships involved in hiring and firing are inevitably more complex than markets for mere commodities. And one byproduct of this human complexity seems to be that modest increases in wages for the least-paid don’t necessarily reduce the number of jobs.

    What this means, in turn, is that the main effect of a rise in minimum wages is a rise in the incomes of hard-working but low-paid Americans — which is, of course, what we’re trying to accomplish.

    Finally, it’s important to understand how the minimum wage interacts with other policies aimed at helping lower-paid workers, in particular the earned-income tax credit, which helps low-income families who help themselves. The tax credit — which has traditionally had bipartisan support, although that may be ending — is also good policy. But it has a well-known defect: Some of its benefits end up flowing not to workers but to employers, in the form of lower wages. And guess what? An increase in the minimum wage helps correct this defect. It turns out that the tax credit and the minimum wage aren’t competing policies, they’re complementary policies that work best in tandem.

    So Mr. Obama’s wage proposal is good economics. It’s also good politics: a wage increase is supported by an overwhelming majority of voters, including a strong majority of self-identified Republican women (but not men). Yet G.O.P. leaders in Congress are opposed to any rise. Why? They say that they’re concerned about the people who might lose their jobs, never mind the evidence that this won’t actually happen. But this isn’t credible.

    For today’s Republican leaders clearly feel disdain for low-wage workers. Bear in mind that such workers, even if they work full time, by and large don’t pay income taxes (although they pay plenty in payroll and sales taxes), while they may receive benefits like Medicaid and food stamps. And you know what this makes them, in the eyes of the G.O.P.: “takers,” members of the contemptible 47 percent who, as Mitt Romney said to nods of approval, won’t take responsibility for their own lives.

    Eric Cantor, the House majority leader, offered a perfect illustration of this disdain last Labor Day: He chose to commemorate a holiday dedicated to workers by sending out a message that said nothing at all about workers, but praised the efforts of business owners instead.

    The good news is that not many Americans share that disdain; just about everyone except Republican men believes that the lowest-paid workers deserve a raise. And they’re right. We should raise the minimum wage, now.

    Entire Article Here

    How bout that?

    The majority of the "I got mine...go FUCK yourself" crowd is made up of WHITE MALES!

    Not only that...they are so self absorbed they don't even see it, even though it's right in front of them.
    What kind of country have we become?

    One in which federal prosecutors can take “evidence” before a “grand jury,”

    and that grand jury can “vote to indict” a former president for 91 alleged “crimes”?

  6. The Following User Groans At ZappasGuitar For This Awful Post:

    SmarterthanYou (02-18-2013)

  7. #4 | Top
    Join Date
    Jul 2006
    Posts
    17,247
    Thanks
    846
    Thanked 4,225 Times in 2,940 Posts
    Groans
    304
    Groaned 343 Times in 329 Posts

    Default

    Krugman even discounts his argument, admitting that it does some damage.

    Why “surprisingly”? Well, Economics 101 tells us to be very cautious about attempts to legislate market outcomes. Every textbook — mine included — lays out the unintended consequences that flow from policies like rent controls or agricultural price supports. And even most liberal economists would, I suspect, agree that setting a minimum wage of, say, $20 an hour would create a lot of problems.

    Being the premier hackonomist, he ignores it and claims it will have a positive impact, even though there is no real reason to believe that.

    The policy hurts the unskilled and can make skilled workers more attractive. Proponents of this hike are really the ones saying, "screw the entry level workers."
    Leviticus 19:33 And if a stranger sojourn with thee in your land, ye shall not do him wrong. 34 The stranger that sojourneth with you shall be unto you as the homeborn among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.

  8. The Following 3 Users Say Thank You to Timshel For This Post:

    /MSG/ (02-18-2013), cawacko (02-18-2013), Minister of Truth (02-18-2013)

  9. #5 | Top
    Join Date
    May 2007
    Posts
    62,857
    Thanks
    3,734
    Thanked 20,363 Times in 14,089 Posts
    Groans
    2
    Groaned 649 Times in 616 Posts

    Default

    Quote Originally Posted by SuperstringTheory View Post
    Krugman even discounts his argument, admitting that it does some damage.




    Being the premier hackonomist, he ignores it and claims it will have a positive impact, even though there is no real reason to believe that.

    The policy hurts the unskilled and can make skilled workers more attractive. Proponents of this hike are really the ones saying, "screw the entry level workers."
    As Krugman stated in the article 'it's good politics'. He long ago became more concerned with politics than straight economics which is why your term 'hackonomist' is very appropriate.

  10. The Following 2 Users Say Thank You to cawacko For This Post:

    /MSG/ (02-18-2013), Cancel 2016.2 (02-19-2013)

  11. #6 | Top
    Join Date
    Mar 2007
    Posts
    16,785
    Thanks
    7,190
    Thanked 12,921 Times in 7,750 Posts
    Groans
    102
    Groaned 808 Times in 757 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by cawacko View Post
    As Krugman stated in the article 'it's good politics'. He long ago became more concerned with politics than straight economics which is why your term 'hackonomist' is very appropriate.
    No not at all, he said it's both good economics and good politics.
    DARLA: The Internet's Leading Cause of White Dude Butthurt 12 Years and Counting

  12. #7 | Top
    Join Date
    Mar 2007
    Posts
    16,785
    Thanks
    7,190
    Thanked 12,921 Times in 7,750 Posts
    Groans
    102
    Groaned 808 Times in 757 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by SuperstringTheory View Post
    Krugman even discounts his argument, admitting that it does some damage.




    Being the premier hackonomist, he ignores it and claims it will have a positive impact, even though there is no real reason to believe that.

    The policy hurts the unskilled and can make skilled workers more attractive. Proponents of this hike are really the ones saying, "screw the entry level workers."
    I don't think he does that at all. And there are plenty of studies showing that raising the minimum wage impacts the economy positively because it gives the working poor more disposable income which they spend. I know there are some studies showing the reverse. You can find a study to say whatever you want it to say.
    DARLA: The Internet's Leading Cause of White Dude Butthurt 12 Years and Counting

  13. The Following User Says Thank You to Cancel 2016.11 For This Post:

    The Dude (02-20-2013)

  14. #8 | Top
    Join Date
    Feb 2013
    Posts
    120
    Thanks
    5
    Thanked 18 Times in 18 Posts
    Groans
    2
    Groaned 30 Times in 21 Posts

    Default

    Quote Originally Posted by Darla View Post
    What I find most fascinating about this is the split between Republican men and Republican women. How do you like that? So the only demographic against a raise is Republican men. Who are Republican men?

    That's right folks - white males! I am always accused, rather dramatically by board drama queens, of "demonizing white males". Just reporting the facts!
    You use the term "facts" rather loosely don'cha think?

    All intelligent people know that just because Paul Krugman says something, that doesn't automatically make it a fact.

  15. #9 | Top
    Join Date
    Aug 2006
    Location
    Federal Way, WA
    Posts
    68,352
    Thanks
    18,375
    Thanked 18,674 Times in 14,047 Posts
    Groans
    628
    Groaned 1,136 Times in 1,080 Posts

  16. #10 | Top
    Join Date
    Feb 2012
    Posts
    11,073
    Thanks
    2,622
    Thanked 2,773 Times in 2,207 Posts
    Groans
    326
    Groaned 970 Times in 889 Posts

    Default

    Quote Originally Posted by Darla View Post
    What I find most fascinating about this is the split between Republican men and Republican women. How do you like that? So the only demographic against a raise is Republican men. Who are Republican men?

    That's right folks - white males! I am always accused, rather dramatically by board drama queens, of "demonizing white males". Just reporting the facts!


    Wrong!

    http://www.nbra.info/

    The real question to ask is, why is Darla such a stinking liar?
    Free speech is cool as long as it jibes with our program.

    -- The Left


  17. #11 | Top
    Join Date
    Apr 2009
    Location
    I might be movin to Montana
    Posts
    24,947
    Thanks
    7,072
    Thanked 10,611 Times in 7,328 Posts
    Groans
    68
    Groaned 1,966 Times in 1,782 Posts

    Default

    Quote Originally Posted by Granule View Post
    Wrong!

    http://www.nbra.info/

    The real question to ask is, why is Darla such a stinking liar?

    Sorry but the real question is why you couldn't link to a site other than a partisan hate site?
    What kind of country have we become?

    One in which federal prosecutors can take “evidence” before a “grand jury,”

    and that grand jury can “vote to indict” a former president for 91 alleged “crimes”?

  18. #12 | Top
    Join Date
    May 2007
    Posts
    62,857
    Thanks
    3,734
    Thanked 20,363 Times in 14,089 Posts
    Groans
    2
    Groaned 649 Times in 616 Posts

    Default

    Quote Originally Posted by ZappasGuitar View Post
    Sorry but the real question is why you couldn't link to a site other than a partisan hate site?
    No doubt that is a partisan site, just curious why you consider it a hate site?

  19. #13 | Top
    Join Date
    Aug 2006
    Location
    Federal Way, WA
    Posts
    68,352
    Thanks
    18,375
    Thanked 18,674 Times in 14,047 Posts
    Groans
    628
    Groaned 1,136 Times in 1,080 Posts

  20. The Following 3 Users Say Thank You to Minister of Truth For This Post:

    Disillusioned (02-18-2013), Granule (02-18-2013), The Dude (02-20-2013)

  21. #14 | Top
    Join Date
    Apr 2009
    Location
    I might be movin to Montana
    Posts
    24,947
    Thanks
    7,072
    Thanked 10,611 Times in 7,328 Posts
    Groans
    68
    Groaned 1,966 Times in 1,782 Posts

    Default

    Quote Originally Posted by cawacko View Post
    No doubt that is a partisan site, just curious why you consider it a hate site?

    Did you read the titles to some of the articles posted at the site?
    What kind of country have we become?

    One in which federal prosecutors can take “evidence” before a “grand jury,”

    and that grand jury can “vote to indict” a former president for 91 alleged “crimes”?

  22. #15 | Top
    Join Date
    May 2012
    Posts
    2,736
    Thanks
    698
    Thanked 1,182 Times in 854 Posts
    Groans
    107
    Groaned 133 Times in 122 Posts

    Default

    The real question is.
    Whay are most republicans lower than shit eating dogs?

  23. The Following User Says Thank You to Banned For This Post:

    The Dude (02-20-2013)

Similar Threads

  1. Raise The Minimum Wage!
    By signalmankenneth in forum Current Events Forum
    Replies: 778
    Last Post: 07-12-2012, 10:09 PM
  2. What minimum wage buys, then and now
    By signalmankenneth in forum Current Events Forum
    Replies: 2
    Last Post: 05-07-2012, 04:01 PM
  3. The Minimum Wage Is A Poverty Wage
    By signalmankenneth in forum Current Events Forum
    Replies: 10
    Last Post: 06-06-2011, 10:34 PM
  4. No new minimum wage yet...
    By leaningright in forum Current Events Forum
    Replies: 6
    Last Post: 01-25-2007, 07:51 AM
  5. Minimum Wage Is Overpayment
    By toby in forum Current Events Forum
    Replies: 37
    Last Post: 01-10-2007, 01:53 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •