Consequences of eliminating the federal minimum wage.

[Robo]

I have yet to meet a rich person freaked out about min wage
Plenty of middle class losers hate it

Rich people don't work entry level jobs, why should they worry?

[evince]

they pay wages

[Robo]

because fox tells them to


You know that foreign owned news stations the traitors here dry hump all day long

Where's the Fox link I posted?

[evince]

I have yet to meet a rich person freaked out about min wage
Plenty of middle class losers hate it

this

[Robo]

this

Sober up!

[evince]

out of FACTS already?

[The Dude]

Rich people don't work entry level jobs, why should they worry?

Buggy whip jobs got eliminated too
Educating yourself leads to less scary shit

[Supposn]

Wendy's To Switch To Self Ordering And Automation To Avoid $15 ...
http://govtslaves.info/wendys-to-swi...5hr-wage-hike/
(Jonathan Maze) Wages are rising in the restaurant industry. There are two reasons for this. Minimum wages are increasing in many states. And it's tougher for ...

Wendy's Explains What Really Happens With A Minimum Wage ...
http://www.forbes.com/sites/timworst...se-job-losses/
Aug 11, 2015 ... Wendy's Explains What Really Happens With A Minimum Wage Rise: Job ... So, their first change is going to be looking at greater automation.

Wendy's Explains What Happens When Fry Cooks Make $15/Hour ...
http://www.zerohedge.com/news/2015-0...ks-make-15hour
Aug 11, 2015 ... Wendy's Explains What Happens When Fry Cooks Make $15/Hour ... whether that's customer self-order kiosks, whether that's automating more ...

An increase in the federal minimum wage killed jobs during the Great Recession, according to a new study from the National Bureau of Economic Research.

http://www.washingtonexaminer.com/ne...rticle/2557106

Robo, I’m pleased that Wendy’s is attempting to increase their automation. Automation has always been a net benefit to USA’s economy. Nation’s where human effort has less value, (i.e. where the purchasing power of the median wage is less), are the poorest of nations.
The purchasing power of the federal minimum wage, (FMW) rate is of some support for ALL other USA wage and salary rates which are indicated by the median wage rate’s purchasing power.

I have read claims that the U.S. Congressional Budget office’s study reported that implied they had a negative opinion regarding increasing the federal minimum wage and there after retaining its purchasing power. I perused their report and learned that was not true.
Nothing regarding the National Bureau of Economic Research, (NBER) study is available to me. My experience regarding third party evaluations of the CBO’s conclusions make me hesitant to accept anyone’s evaluation of the NBER’s conclusions.

Respectfully, Supposn

[Robo]

Robo, I’m pleased that Wendy’s is attempting to increase their automation. Automation has always been a net benefit to USA’s economy. Nation’s where human effort has less value, (i.e. where the purchasing power of the median wage is less), are the poorest of nations.The purchasing power of the federal minimum wage, (FMW) rate is of some support for ALL other USA wage and salary rates which are indicated by the median wage rate’s purchasing power.

Then according to your formula, all we have to do is raise the minimum wage to $1,000 per-hour and we’ll be the wealthiest nation in the history of earth and every time our wealth slips a little, just pump up the minimum wage another $20.00 an hour or so right? You have the leftist magical formula for endless wealth for our nation, correct?

I have read claims that the U.S. Congressional Budget office’s study reported that implied they had a negative opinion regarding increasing the federal minimum wage and there after retaining its purchasing power. I perused their report and learned that was not true.
Nothing regarding the National Bureau of Economic Research, (NBER) is available to me. My experience regarding third party evaluations of the CBO’s conclusions make me hesitant to accept anyone’s evaluation of the NBER’s conclusions.

Respectfully, Supposn

So, to interpret, you have no evidence that raising the minimum wage has no negative effect on minimum wage jobs, right? You have no actual evidence that raising the minimum wage is actually a positive for the economy except your skepticism about the CBO actually saying raising the minimum wage would cost jobs even though major news organizations actually reported that as fact, right? You’re saying the CBO lied and you know better, right?

[The Dude]

Rich people don't work entry level jobs, why should they worry?

You do

[Robo]

You do

Do what?

[The Dude]

Work an entry level job

[Robo]

Work an entry level job

65 years ago.

[The Dude]

65 years ago.

Damn gramps sorry I ragged on you

[Supposn]

Robo, in response to the following ... I’m pleased that Wendy’s is attempting to increase their automation. Automation has always been a net benefit to USA’s economy. Nation’s where human effort has less value, (i.e. where the purchasing power of the median wage is less), are the poorest of nations. The purchasing power of the federal minimum wage, (FMW) rate is of some support for ALL other USA wage and salary rates which are indicated by the median wage rate’s purchasing power.

Your non-germane response was:

Then according to your formula, all we have to do is raise the minimum wage to $1,000 per-hour and we’ll be the wealthiest nation in the history of earth and every time our wealth slips a little, just pump up the minimum wage another $20.00 an hour or so right? You have the leftist magical formula for endless wealth for our nation, correct? ...

Robo, it’s reasonable to assume that any sudden radical change of the federal minimum wage, (FMW) rate would upset USA’s labor markets and economy; modifications of the FMW rate has always been and should always be enacted gradually.

I would suppose if we should ever attempt to attain an EXCESSIVE minimum rate in gradual incremental stages, we’d after some incremental step encounter little or no economic benefit due to the last rate increase. This is a theoretical scenario; never has any nation’s economy suffered due to the nation’s excessive minimum or median wage rate.

When there’s no perceivable benefit due to the last increase of the FMW rate, we should logically cease increasing that rate beyond increases to retain its purchasing power. The simplest manner of retaining the rate’s purchasing power would be to adjust it annually to be kept abreast with a price-cost index number.
The question should not be an eventual finite FMW rate, but rather why are we not increasing the rate’s purchasing power until further increases would not be net beneficial to our economy?

... So, to interpret, you have no evidence that raising the minimum wage has no negative effect on minimum wage jobs, right? You have no actual evidence that raising the minimum wage is actually a positive for the economy except your skepticism about the CBO actually saying raising the minimum wage would cost jobs even though major news organizations actually reported that as fact, right? You’re saying the CBO lied and you know better, right?

Robo, you’re very wrong.
Your faulty interpretations of my posts are at best due to your duplicity but I believe they’re due more to you actually misunderstanding written English. I do not suppose my prose to be superior but improving upon them would not help you better understand what’s posted.

Your responses exhaust me but I wish you well.
Supposn