Posted on 08/16/2019 6:30:54 AM PDT by central_va
With the “Fight for $15 External link ” making headlines, opinions abound about whether raising the federal minimum wage will have a positive or negative effect on unemployment rates. Advocates of an increase cite the impossible task of making ends meet on today’s paltry sum of $7.25 an hour and say an increase would have little effect on the overall economy. Those against such a move predict that doing so would cause employers to lay off more and hire less—raising unemployment rates as a result. As is often the case with such emotionally charged issues, especially in an election year, the broader conversation about the minimum wage tends to involve more feeling than historical fact. To balance such a dynamic, we decided to turn to the data to see what it reveals.
(Excerpt) Read more at onlinebusiness.syr.edu ...
Not true at all, because the Democrats have abandoned the working class totally. In addition they are hostile to the job creators. They have now gone all in on importing their votes via illegal aliens. The working class have their best chances with Republicans, as they at least create a competitive marketplace. That competitive marketplace will gradually increase wages to get the best of the marketplace that is available. But the bottom rung will still end up where they were before, in a relatively short period of time, struggling to make ends meet just as before. Those living on fixed incomes will be impacted the most. You cannot change reality, which is why some say reality sucks.
Well, if optics are all you are looking for then it would help. However, when it ultimately proves to be the illusion that it really is, they will blame the Republicans and jump ship. So you really have only short term gains. Not long term lasting gains. No, people need incentives to lift themselves up to living wages. Incentives come from making good paying jobs that people can earn living wages, and people deciding to learn skills that land them those jobs. There is no other way for it to happen.
Do you?
Another example of the government distorting free markets. Not something a higher minimum wage can fix - only further distorting a market economy. You want to see higher wages? Get a government (at all levels) that does its constitutional duty AND NO MORE. clear the country of illegal aliens and gut H-1B. Want a 40 hour week & maybe some overtime? Look at what Obamacare did to that. Then let the market regulate wages.
I dispute the flawed notion that every job is somehow required to provide a "living wage". That's backwards. It may sound cliched, but you really are worth only what someone is willing to pay you. If that is not enough, then make yourself more attractive to employers.
Before blaming callous employers, reflect on what it costs to employ a person. At the level we are discussing, it's about a 2 to 1 ratio. So, can an unskilled, poorly educated person demonstrate productivity sufficient to justify $25 an hour, which conservatively is what a $15 employee really costs? Employers that don't make sufficient returns on their investments don't stay in business. Maybe the government should mandate a minimum profit level for business owners, that way more people would open businesses. See how well that would work.
Ah yes, just attacks, no facts. Used to seeing it from you though. Jealous much? Intimidated? I know, the fact that I employ people means nothing, YOU know all.
Get a life.
Yes, and your solution is to raise the cost of business instead of eliminating the illegals? Yeah, that’ll work out.
Yes, because we all know that no one just puts in the least amount of effort for the most gain, right? Talk about ridiculous.
See this is what is wrong with the people pushing the living wage increase, the vast majority have no actual experience in running a business.
What lunacy even makes a social engineer, because that's what these asses are, believe that an unskilled position should carry the same wage as skilled trade apprentices? They just can't wait for the domino effect of wage and price increases that will give the socialists/democrats just what they want to come in and have the government(they are sure by this time they will have power)come in and set wage and price controls to 'save' us. Anyone old enough to remember JIMMMMUUUUUUUH and be employed during his nightmare knows how well that worked!
Here's the whole problem in a nutshell, minimum wage jobs were never supposed to be long term employment jobs, they were for the most part jobs to train people entering the workforce for the first time and for supplemental income.
It was really only after so many unskilled illiterate workers flooded us from south of the border that the cry arose from liberals that these 'poor honest workers' couldn't raise a family on minimum wage..........NO SHIT? That's exactly why minimum wage jobs are a stepping stone to , experience, and education.
Anyone that believes this claptrap report that there is no correlation between the minimum wage and unemployment is totally blind to the reality of evidence everywhere that the $15 minimum wage has been implemented. That's the differences between the data someone assembled and reality.
(So you ignore the data and the facts. Wow.)
No. It just means that during times when the minimum wage was raised, the actual min wage was very close to the new official one set by the government, so it didn’t create as much loss of jobs. It’s not a coincidence as the min wage is usually increased during big expansions in the economy when wages are naturally increasing. But the resulting inflexibility in the wages is such that during the next downturn the new higher minimum wage prevents employers from cutting employee wages to save their jobs, and they lose them. The data will not be able to pick up the real correlation because of the lag between the min wage increasing, and jobs being lost.
re: “Here’s the whole problem in a nutshell, minimum wage jobs were never supposed to be long term employment jobs, they were for the most part jobs to train people entering the workforce for the first time and for supplemental income.
It was really only after so many unskilled illiterate workers flooded us from south of the border that the cry arose from liberals that these ‘poor honest workers’ couldn’t raise a family on minimum wage..........NO SHIT? That’s exactly why minimum wage jobs are a stepping stone to , experience, and education.”
^^^^^^^^^^^^^^^^ This ^^^^^^^^^^^^^^^^^^^^^
This attitude, where it is assumed humans don't want to better themselves, is why the guillotine was invented. Remember to where a low cut shirt.
Here are facts for you to ponder. If you want I can help you read a graph and interpret the data.
Here is the teenage unemployment rate which is always used as an excuse to disparage the min wage. The teenage employment rate is unaffected by changes in the min wage. ( to 2013)
Here's data showing how there is no correlation between unemployment and the min wage:
I always wonder, do you ‘chartists’ test the validity of the presumed and assumed relationship between correlation and causation in your ‘data sets’?
On that basis, simple plotted data does not assume the form of ‘fact’, but rather, are “observations” (observational data) in my field.
Interpretation of said data is the next step in drawing conclusions of making inferences based on the observational data ...
He is not the one that needs help reading a graph.
Plus, unless you account for everything else going on, drawing conclusions is suspect.
But supply, demand, and cost is such a basic and well understood component of economics that discounting it thoroughly discredits your argument.
I would still like to know where you get off (from whence do you draw the authority in the Constitution) to dictate what rate of pay is required to be ‘observed’ between two free men in this the United States of America?
The minimum wage has been challenged in SCOTUS many times. It always stands up.
re: “The minimum wage has been challenged in SCOTUS many times. It always stands up.”
Checkmate; The SCOTUS once indulged “separate but equal” (Plessy v. Ferguson).
Wrong, Fidelito...price controls, by definition, can bite in either direction.
Ditto.
Charts, economic explanations and all of that are irrelevant.
They are irrelevant because they are based on a false premise. A premise that is not only unconstitutional, but also immoral, that the government has the right and authority to impose such conditions on contracts between free men.
Supreme Court rulings on this don’t change that. The Supreme Court has long been a body of political ideology and not constitutional law.
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