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This should be required reading for everyone carrying a Fight for $15 sign.
1 posted on 07/01/2017 10:25:57 AM PDT by Renkluaf
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To: Renkluaf

They would never understand.


2 posted on 07/01/2017 10:28:12 AM PDT by Lorianne
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To: Renkluaf
Standard economic theory predicts that employers will reduce their demand for labor given a higher wage.

If you knew that, dummy, why did you have to experiment?

3 posted on 07/01/2017 10:29:03 AM PDT by Mr Ramsbotham (Gee it feels great to be a gangster.)
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To: Renkluaf

Courageous? More like foolhardy


4 posted on 07/01/2017 10:30:33 AM PDT by clamper1797 (We are getting close to the last "box")
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To: Renkluaf
So when $15 arrives you'll be ordering at Burger King through a computer screen,you'll insert payment into the slot,your change will come down a chute and your burger will come down a different chute.

So that Burger King goes from 8 people working the lunch hour shift to 2...both of whom will be making $15/hr.

5 posted on 07/01/2017 10:30:57 AM PDT by Gay State Conservative (Comey = The Swamp Fighting Back)
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To: Renkluaf
However, our estimates also suggest that the higher wages led to the elimination of more than 5,000 low-wage jobs. Standard economic theory predicts that employers will reduce their demand for labor given a higher wage.

Leftists just can't seem to comprehend this fact, no matter how many times it's proven in the real world.

I'm surprised the Seattle times published this.

6 posted on 07/01/2017 10:31:03 AM PDT by Mr. Mojo
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To: Renkluaf

Unfortunately, not all social experiments work entirely as planned.


Unfortunately, NO social experiments work as ADVERTISED!!!

They often do work as panned. But the plan is kept secret.


7 posted on 07/01/2017 10:31:04 AM PDT by samtheman (The Germans -- having failed twice -- have finally hit on a way to destroy Europe.)
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To: Renkluaf

If you want to help low-wage workers, its not that complicated.

Do things that increase the demand for workers, such as encouraging manufacturing and business expansion.

And, shut off the supply of illegal workers.

Do that, and it won’t matter what the legal minimum wage is, because demand will drive the wage above that.


8 posted on 07/01/2017 10:31:59 AM PDT by marron
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To: Renkluaf

Uh. That wasn’t an exoeriment, and the end results were all too predictable based on the history of similar endeavors.

In reality it was much more akin to the imposition of a state religion on a segment of the population.


10 posted on 07/01/2017 10:33:25 AM PDT by paint_your_wagon
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To: Renkluaf
Unfortunately, not all social experiments work entirely as planned.

But someday one of these liberal fantasies might work.....

Well - it COULD happen.


11 posted on 07/01/2017 10:33:35 AM PDT by Vlad The Inhaler (Best Long Term Prepper Tactic: Beat The Muslim Demographic Tsnami - Have Big Families)
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To: Renkluaf

The left always wants to raise the min wage is to have more people unemployed and on the gov dole.


12 posted on 07/01/2017 10:34:10 AM PDT by ColdOne ((I miss my poochie... Tasha 2000~3/14/11~ Best Election Ever! “Laughing my #Ossoff)
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To: Renkluaf
Political activists are relearning some simple business principles, one of which is that hiring decisions are based on future expectations as well as present conditions. So if you've fine-tuned your mandated wage increases by incrementing them over time, you haven't actually eased anybody's pain, you've merely prolonged it. Businesses don't hire in the face of declining margins, especially if those declines are mandated by the state and outside their control. If they do they'll go broke.

This is the last paragraph of this "nonpartisan" evaluation:

Third, just because one social experiment appears to be yielding disappointing effects to date is no reason to stop experimenting. Seattle, the state of Washington, and the nation face many challenging, long-standing social problems. Only by trying new ideas and carefully assessing their impacts can we hope to improve the social well-being of the nation.

Rah rah and all that, but are these results not also suggestive that this particular experiment is a bust and they ought to end it? Because they're not going to. The answer to hitting yourself on the head with a hammer is to stop hitting yourself, not to try to redefine pain.

13 posted on 07/01/2017 10:36:48 AM PDT by Billthedrill
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To: Renkluaf

Gee whizz!! No one could have guessed that outcome.


15 posted on 07/01/2017 10:39:30 AM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: Renkluaf

Wow - I read the article, actually, and tried to avoid losing IQ points during the process. They are under the impression that jobs simply moved outside of their jurisdiction inside of being permanent job losses. By saying this, they claim this is still a great idea if implemented statewide or nationally!

They cite no evidence of any kind to support this hypothesis. None. I would content, the more likely result was permanent job loss, not relocation. Business layoff - those are permanent. Business close - those are permanent.

No evidence that businesses shut-down and then spent the money to built a new location outside the jurisdiction. None.


17 posted on 07/01/2017 10:41:50 AM PDT by rigelkentaurus
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To: Renkluaf

Coming from the city that has a statue of lenin in one of its parks.

“We pretend to work, and you pretend to pay us”.

Something in the water along the west coast must turn otherwise rational people into flaming socialist idiots.

If someone here can refute that, I would like to hear their argument.


18 posted on 07/01/2017 10:42:10 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it. MAGA!)
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To: Renkluaf
The article points out that the difficulty that a business might have in leaving the state or leaving the country may result in a different outcome for state-wide or nation-wide minimum wages.

Since we are not yet the equivalent of the Soviet Union and, for the most part, do not hold our citizens as prisoners of the state, the reluctance of businesses to move will slow but not eliminate the loss of jobs due to socialist experiments.

Unfortunately, the article failed to say that. Few probably can envision a day when a fast-food hamburger is labelled "Made in China" but I wouldn't rule out the possibility completely. I have ordered electronic parts that cost two dollars including shipping directly to me from China.

19 posted on 07/01/2017 10:42:57 AM PDT by William Tell
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To: Renkluaf
The problem is that they didn't raise the minimum wage high enough. According to my optimizing calculator, the rate should have been $23.42 for Seattle. Other cities have higher or lower optimal minimum wage.
20 posted on 07/01/2017 10:43:14 AM PDT by Cboldt
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To: Renkluaf

“Courageous experimentation” ... what a bunch of idiots. In reality it is marxist economic fairytale land. Why don’t they “experiment” with a $100,000 per year required “livable wage” and see what happens.

Anybody with high school economics training knew what the outcome was going to be.


21 posted on 07/01/2017 10:43:16 AM PDT by ProtectOurFreedom
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To: Renkluaf
As a result, while some low-wage workers may have earned more, we estimate that the net earnings per low-wage job in Seattle fell by an average of $125 per month. For low-wage workers, this is a substantial loss.

There's nothing courageous when the outcome is exactly as predicted.

23 posted on 07/01/2017 10:44:42 AM PDT by Drew68
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To: Renkluaf

Here’s the deal. Nobody is being forced to live someplace they can’t afford. MOVE TO WHERE YOUR CAN AFFORD TO LIVE based on the skills you bring to the table. In Mohave County, AZ where I live, you can rent a house, a whole house, for 600. For $800 you can probably get one with a pool. With a few roommates? Well.. you can do the math. In America you have life, liberty and a PURSUIT of happiness. Nobody should have to subsidize your life choices.


26 posted on 07/01/2017 10:51:09 AM PDT by Hildy
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To: Renkluaf

The effects of a minimum wage increase have always been the same: lower employment for the very people it was designed to help. The paper did not address the impact the wage increase had on prices, which would be interesting to know as well. Low income people tend to patronize fast food places, so if there is an upward pressure on prices, which there is, low income people manage to lose twice: unemployment and rising prices. But, the good news is that there is a little something for everyone: voters get to shoulder some of the burden as falling income for poor people often means rising food stamp and other transfer payments. Who’d have thunk it: Even the rich lose when you mess around with supply and demand.


27 posted on 07/01/2017 10:51:20 AM PDT by econjack
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