Wyatt earp
Diamond Member
- Apr 21, 2012
- 69,975
- 16,396
So you really are a liberal, I knew it!Yes 2008, I wonder what happened that year to cause UE to rise? Did it rain funny that year?not really because businesses will fire, lay off and raise prices or close down altogether.
A complete myth
Myth: Increasing the minimum wage will cause people to lose their jobs.
Not true: In a letter to President Obama and congressional leaders urging a minimum wage increase, more than 600 economists, including 7 Nobel Prize winners wrote, "In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."
Minimum Wage Mythbusters - U.S. Department of Labor
Lmao...
Those 600 economist don't own a business and what happened when we raised minimum wage the last time in 2007?
2007 unemployment rate 5.0%
unemploment rate 2007
2008 unemployment rate 6.0%
Unemployment rate reaches highest level in over 14 years (Jobs Picture, November 7, 2008)
Hey moon just playing the liberal card, like we have to hear from them constantly ignoring history, taking it out of context when we had a 90% tax bracket.
If they want to ignore history so can I.
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