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It’s Been Six Years Since Feds Raised The Minimum Wage. What Were The Economic Results?
dailycaller.com ^ | 7/25/2015 | Connor D. Wolf

Posted on 07/25/2015 8:53:43 AM PDT by rktman

Six years ago Friday marked the last time since the federal minimum wage was increased, and now with talks of raising it again, here is a look back at its impact.

The federal minimum wage was increased to $7.25 per hour on July 24, 2009 as part of a three step plan. The Fair Minimum Wage Act of 2007 first increased the federal minimum wage to $5.85. After that it automatically increased to $6.55 in 2008 before finally landing on $7.25 per hour in 2009. The hope was it would help to reduce poverty.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; Culture/Society; Government; Philosophy
KEYWORDS: minwages
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In print form so you don't have to put up with all the friggin' popups. Anyway, read something yesterday about seattle and their rise to $15/hr and the dunces quickly learned that if they worked too many hours, it would cost them some of their govt benefits cause their yearly income would kick them out. So.....they want the $15/hr but less hours in order to keep getting their ebt cards and welfare money. What? There's a lot of folks who innately know how to game the system. Your tax dollars at work.
1 posted on 07/25/2015 8:53:43 AM PDT by rktman
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To: rktman

If you’re from a State not named Texas, it’s almost impossible to get even a part-time job. They need to eliminate minimum wage, if for no other reason, you give 16 and 17 year olds a chance for their first job and they can add to that resume.


2 posted on 07/25/2015 8:56:41 AM PDT by MuttTheHoople (Ob)
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To: MuttTheHoople

But 16 and 17 year olds may not get that first job anymore anyway.

Can’t speak for everyone else, but in my area, jobs in places such as fast food are filled by adults who were not born in this country. I can’t speak to anyone’s immigration status, just saying, that the anecdotal evidence is that they were not born here. Local teenagers are not filling these sorts of jobs in big numbers anymore.

Gas stations and the related convenience store are another such place in which the jobs seem to be filled by those from outside the country.

Joe Biden was laughed at for talking about having an Indian accent in Dunkin Donuts, but people running those places seem to be immigrants as well, and not local young people.


3 posted on 07/25/2015 9:03:20 AM PDT by Dilbert San Diego
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To: rktman
while 22% opposed the idea.

I oppose the idea of any minimum wage at all and I have worked at minimum wage at several points in my life. I once washed dishes at an uner-the-table very sub minimum wage + two meals. That got me situated in Galveston. It gave me space to look farther afield. Two weeks later I was working at a little higher than minimum washing more dishes on the Seawall which job I could not have gotten had I not already been washing dishes at the dive before. From there in two more weeks I went to the Thom McCan shoe store where I did rather well. With minimum wage required (in reality rather than legality) I might well not have got that first job and then not the subsequent jobs.

4 posted on 07/25/2015 9:04:14 AM PDT by arthurus (it's true!)
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To: MuttTheHoople

.... Yup .... I remember when a person was hired ..... He or She didn’t get paid a “Minimum Wage” .... They got paid “Entry Level Wage” for an “Entry Level Position. “ Now those “Entry Level Positions” are called ........ “Careers.”


5 posted on 07/25/2015 9:06:42 AM PDT by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: Dilbert San Diego

16 & 17 y/o’s can’t support a family of four or more on min wage. /s


6 posted on 07/25/2015 9:06:43 AM PDT by umgud
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To: rktman
The hope was it would help to reduce poverty.

Not true! The hope was that it would garner more ignorant voters to support the Marxists. In that it has succeeded.

7 posted on 07/25/2015 9:08:24 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: arthurus

Thom McCan store! Holy smokes there arthurs, you’re dating yourself. Well not literally. Back around ‘70, I dug post holes with a post hole tool where for every chunk that I pulled out, 75% caved back in for $1.25/hr. Good times. :>}


8 posted on 07/25/2015 9:10:33 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: rktman

1965.


9 posted on 07/25/2015 9:13:26 AM PDT by arthurus (it's true!)
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To: arthurus

LOL! I worked stocking JCPenney’s shelves in ‘65 for a buck(?). Big money. Course gas was only what .19c then?


10 posted on 07/25/2015 9:15:52 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: rktman

“It’s Been Six Years Since Feds Raised The Minimum Wage. What Were The Economic Results?”

It’s Been Over Six Years Since Fools Elected An America-Hating Marxist For President. What Were The Economic Results?


11 posted on 07/25/2015 9:16:56 AM PDT by EagleUSA (Liberalism removes the significance of everything.)
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To: rktman

A principled conservative (not Republicans or Democrats) would realize that to reduce poverty rates they must build the middle class up so there is some status for the poor to achieve to rise out of poverty. The poor do not jump to rich except rarely and in steps.

Out with all illegal immigrants.
Reduce immigration.
Bring back American corporations and jobs.
Reduce regulations and size of government.
Encourage small business.
Trust bust big corps.


12 posted on 07/25/2015 9:18:22 AM PDT by amihow
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To: rktman
“When the minimum wage rose by 41% between 2007 and 2009 – it had a disastrous effect on teenagers,” the AEI report detailed. “The jobless rate for 16-19 year olds increased by ten percentage points, from about 16% in 2007 to more than 26% in 2009. Of course, the overall US jobless rate was increasing at the same time, from about 5% to 10%.”

More than a little weak and disingenuous. As I recall, there were some other factors that affected the economy and employment from 2007 to 2009, like the start of the worst recession since WWII, and the slowest recovery.

The minimum wage should be low and raised infrequently. But low end wages also should not be determined by employers who intentionally lure millions of illegal aliens to jobs in the US for the purpose putting downward pressure on wages.

If they could, some employers would reinstitute slavery to keep wages down. With all the criticism that has been justifiably directed at employers recently, it is amazing that anyone thinks that they should be allowed to set low end wages with no legal floor on the wage.

Yeah, the folks who flood us with illegals, fight for more legal immigrants and H1-bs, and cheat like crazy on the H1-b program, sure, we should just let them have full power to set low end wages. Lol.

13 posted on 07/25/2015 9:20:40 AM PDT by Will88
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To: rktman

In 1963 I, with many others, dug on a trench a few days for TPC across a boggy area in Pinellas. The trench was one spade wide to a level line that varied from 8 inches to 7 feet deep. In 1972. after VN, I was assistant washer in a diaper service for a bit. I quit that to be an assistant gravedigger, from there to labor on a construction site in Clearwater that paid double minimum just because I had no problem hanging out over nothing 7 stories up to affix the safety rail stanchions. I was good at sensing when the gummint men were coming on site and so didn’t embarrass my boss. He valued that


14 posted on 07/25/2015 9:21:20 AM PDT by arthurus (it's true!)
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To: EagleUSA

Well, according to the lyin’ king, there isn’t a single segment of of the economy that isn’t better off today than it was when he took office. LOOK! A rainbow unicorn.


15 posted on 07/25/2015 9:24:14 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: rktman

Think about that price of gas. At 2.50 (hereabouts) it is actually no more expensive now than it was in 65. How much was hamburger then? now?


16 posted on 07/25/2015 9:24:50 AM PDT by arthurus (it's true!)
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To: rktman
The minimum wage was $0.25/hr in 1938, which would be a little more than $4 now.

I'm not sure what minimum wage would be competitive with a food ordering kiosk, but I'm pretty sure it's not $15.

There are many jobs that are mechanized or computerized now that required the attention of a human being in 1938.

The labor supply and demand equation would suggest the minimum wage should now be less than $0.25 in 1938 dollars.


17 posted on 07/25/2015 9:33:23 AM PDT by Sooth2222 ("In a democracy people get the leaders they deserve." - Joseph de Maistre, 1753-1821)
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To: Sooth2222

"Your kids are starving. Carl's Jr. believes no child should go hungry. You are an unfit mother. Your children will be placed in the custody of Carl's Jr. Carl's Jr., F--- you, I'm eating."

18 posted on 07/25/2015 9:35:35 AM PDT by dfwgator
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To: arthurus; rktman
In the mid to late 50s, I worked for 50¢ an hour and remember my dad telling me that he had worked for 50¢ per day during the depression and was happy to have the job.

My job was farm labor, his was working in a cotton gin.

When I enlisted in 1963, I made $69 a month but by my last month in service, in '67, I was making a whopping $220 per month.

19 posted on 07/25/2015 9:37:47 AM PDT by Graybeard58
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To: arthurus
How much was hamburger then? now?

Jack's hamburgers for fifteen cents.

They're so good good good.

Well, that was the regular, fairly small fast food burger in 1965. Bigger burgers around $.35. Gas around $.30

20 posted on 07/25/2015 9:38:58 AM PDT by Will88
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