As predicted - Study shows Seattle $15 min wage result is less hours and 5000 less jobs

[P@triot]

Small businesses in Seattle aren't paying 15 dollars an hour.

Even in the face of absolute indisputable facts from a left-wing institution, NY Crabby Queer isn't mature enough or honest enough to admit that he was duped by a failed ideology.

CNN announced need that the study showed the lowest income workers earned $125 less per month after Seattle implemented their $15 per hour minimum wage. While the workers earned on average 3% more, their hours were cut on average by 9% - resulting in a net loss to their income.

The study concluded that this is basic economics - that when something costs more (such as labor), people simply learn to do with less of it.

Thanks to the Dumbocrats - the poorest among us are now further behind. If only the left understood basic economics. I guess that's why they are called Dumbocrats.

 

[P@triot]

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Less hours and less jobs? You forgot less take home pay ColonelAngus...

CNN announced need that the study showed the lowest income workers earned $125 less per month after Seattle implemented their $15 per hour minimum wage. While the workers earned on average 3% more, their hours were cut on average by 9% - resulting in a net loss to their income.

The study concluded that this is basic economics - that when something costs more (such as labor), people simply learn to do with less of it.

Thanks to the Dumbocrats - the poorest among us are now further behind. If only the left understood basic economics. I guess that's why they are called Dumbocrats.

 

[WaitingFor2020]

Snowflakes must sleep through their economics classes.

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Here you go, snowflakes, from your bible.

How a Rising Minimum Wage Affects Jobs in Seattle

Looks like you didn't even bother to read the article yourself. Your conclusion is not their conclusion.

"But Mr. Zipperer was skeptical that the control is valid. He argued that there is, in effect, only one Seattle in the state of Washington — only one large city with a booming labor market. As a result, the control may not be much of a control at all: It does not illustrate what would happen absent a minimum-wage increase in a booming city like Seattle. It illustrates what would happen absent a minimum-wage increase in a city that is not booming...."

 

[WaitingFor2020]

How hypocritical. Suddenly the NYT is YOUR bible for the economy. What a fucking moron.

 

[ColonelAngus]

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Less hours and less jobs? You forgot less take home pay ColonelAngus...

CNN announced need that the study showed the lowest income workers earned $125 less per month after Seattle implemented their $15 per hour minimum wage. While the workers earned on average 3% more, their hours were cut on average by 9% - resulting in a net loss to their income.

The study concluded that this is basic economics - that when something costs more (such as labor), people simply learn to do with less of it.

Thanks to the Dumbocrats - the poorest among us are now further behind. If only the left understood basic economics. I guess that's why they are called Dumbocrats.

Tell DERP.

He seems to think the minimum wage workers are all going to have a windfall of cash and spend that extra cash at their place of employment , not on anything else.

 

[Iceweasel]

Snowflakes must sleep through their economics classes.

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Here you go, snowflakes, from your bible.

How a Rising Minimum Wage Affects Jobs in Seattle

Looks like you didn't even bother to read the article yourself. Your conclusion is not their conclusion.

"But Mr. Zipperer was skeptical that the control is valid. He argued that there is, in effect, only one Seattle in the state of Washington — only one large city with a booming labor market. As a result, the control may not be much of a control at all: It does not illustrate what would happen absent a minimum-wage increase in a booming city like Seattle. It illustrates what would happen absent a minimum-wage increase in a city that is not booming...."

So a booming city doesn't support an arbitrary minimum wage increase but one that isn't booming might?

 

[ColonelAngus]

Snowflakes must sleep through their economics classes.

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Here you go, snowflakes, from your bible.

How a Rising Minimum Wage Affects Jobs in Seattle

Looks like you didn't even bother to read the article yourself. Your conclusion is not their conclusion.

"But Mr. Zipperer was skeptical that the control is valid. He argued that there is, in effect, only one Seattle in the state of Washington — only one large city with a booming labor market. As a result, the control may not be much of a control at all: It does not illustrate what would happen absent a minimum-wage increase in a booming city like Seattle. It illustrates what would happen absent a minimum-wage increase in a city that is not booming...."

So a booming city doesn't support an arbitrary minimum wage increase but one that isn't booming might?

If a raise from $12 to $15 is good, maybe an increase to $50 would be amazing! Everyone would be "Rich"! Then snowflakes can hate themselves.

 

[Iceweasel]

Snowflakes must sleep through their economics classes.

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Here you go, snowflakes, from your bible.

How a Rising Minimum Wage Affects Jobs in Seattle

Looks like you didn't even bother to read the article yourself. Your conclusion is not their conclusion.

"But Mr. Zipperer was skeptical that the control is valid. He argued that there is, in effect, only one Seattle in the state of Washington — only one large city with a booming labor market. As a result, the control may not be much of a control at all: It does not illustrate what would happen absent a minimum-wage increase in a booming city like Seattle. It illustrates what would happen absent a minimum-wage increase in a city that is not booming...."

So a booming city doesn't support an arbitrary minimum wage increase but one that isn't booming might?

If a raise from $12 to $15 is good, maybe an increase to $50 would be amazing! Everyone would be "Rich"! Then snowflakes can hate themselves.

Even $100 an hour. They would spend the economy into the stratosphere and the emerald city would have streets paved in gold.

 

[usmbguest5318]

Stupid Republicans, I'm tired of your shit. Only an idiot thinks higher costs impacts stuff. A higher wage gives people more money.

Wrong.

Here you go, hope this helps your understanding of economics.


Microeconomics | Economics and finance | Khan Academy

I'm not about to suggest that a mastery of the basics of economic theory is not needed by all. That said, merely having that mastery isn't enough to adequately address the question of the relationship among jobs, wages and productivity.

• Taking the High Road: New Data Show Higher Wages May Increase Productivity, Among Other Benefits
  
• | Higher Wages for Low Income Workers Lead to Higher Productivity
  
• Minimum wages and labour productivity
  
• When $3+$1 > $4: The Effect of Gift Salience on Employee Effort in an Online Labor Market
  
• Does Education Raise Productivity and Wages Equally? The Moderating Roles of Age, Gender and Industry
  
• Do Higher Wages Reflect Higher Productivity?

The fact is that the key factor, economic (not accounting) productivity, depends on a host of factors, among the foremost of them being the educational/intellectual status and age of the workers involved.

The chart above depicts the relationship between the relative minimum wage (the minimum wage as a fraction of the average hourly wage) and unemployment rates for workers with different educational attainments. Historically, as the relative minimum wage has risen, unemployment among college-educated workers has not changed, unemployment among high-school-educated workers has risen slightly, unemployment among workers without high school diplomas has increased moderately, and unemployment among young workers without high school diplomas has increased dramatically.


What can one rationally conclude from the studies referenced above?

• That depending on the methodology used, researchers can arrive at a conclusion that suits either side of the minimum wage increase debate.
• The conclusions of the studies cannot legitimately be extrapolated broadly to labor forces having key traits differing from those of the laborers and employers examined in the studies.

 

[Iceweasel]

What can one rationally conclude from the studies referenced above?

• That depending on the methodology used, researchers can arrive at a conclusion that suits either side of the minimum wage increase debate.
• The conclusions of the studies cannot legitimately be extrapolated broadly to labor forces having key traits differing from those of the laborers and employers examined in the studies.

The point is no matter what a researcher thinks it isn't his business. We aren't supposed to lose our rights if we decide to work for ourselves.

 

[ColonelAngus]

Snowflakes must sleep through their economics classes.

If there is a forced wage increase without a commensurate increase in revenue, jobs and/or hours will be cut.

Here you go, snowflakes, from your bible.

How a Rising Minimum Wage Affects Jobs in Seattle

Looks like you didn't even bother to read the article yourself. Your conclusion is not their conclusion.

"But Mr. Zipperer was skeptical that the control is valid. He argued that there is, in effect, only one Seattle in the state of Washington — only one large city with a booming labor market. As a result, the control may not be much of a control at all: It does not illustrate what would happen absent a minimum-wage increase in a booming city like Seattle. It illustrates what would happen absent a minimum-wage increase in a city that is not booming...."

So a booming city doesn't support an arbitrary minimum wage increase but one that isn't booming might?

If a raise from $12 to $15 is good, maybe an increase to $50 would be amazing! Everyone would be "Rich"! Then snowflakes can hate themselves.

Even $100 an hour. They would spend the economy into the stratosphere and the emerald city would have streets paved in gold.

We'll all be taking golden showers....with Trump's Russian whores!

 

[Wyatt earp]

Stupid Republicans, I'm tired of your shit. Only an idiot thinks higher costs impacts stuff. A higher wage gives people more money.

CNN announced need that the study showed the lowest income workers earned $125 less per month after Seattle implemented their $15 per hour minimum wage. While the workers earned on average 3% more, their hours were cut on average by 9% - resulting in a net loss to their income.

The study concluded that this is basic economics - that when something costs more (such as labor), people simply learn to do with less of it.

Thanks to the Dumbocrats - the poorest among us are now further behind. If only the left understood basic economics. I guess that's why they are called Dumbocrats.

You also forgot to mention the storys of employees begging for hours to be cut back so they could still qualify for welfare programs



.

 

[Wyatt earp]

Stupid Republicans, I'm tired of your shit. Only an idiot thinks higher costs impacts stuff. A higher wage gives people more money.

Wrong.

Here you go, hope this helps your understanding of economics.


Microeconomics | Economics and finance | Khan Academy

I'm not about to suggest that a mastery of the basics of economic theory is not needed by all. That said, merely having that mastery isn't enough to adequately address the question of the relationship among jobs, wages and productivity.

• Taking the High Road: New Data Show Higher Wages May Increase Productivity, Among Other Benefits
  
• | Higher Wages for Low Income Workers Lead to Higher Productivity
  
• Minimum wages and labour productivity
  
• When $3+$1 > $4: The Effect of Gift Salience on Employee Effort in an Online Labor Market
  
• Does Education Raise Productivity and Wages Equally? The Moderating Roles of Age, Gender and Industry
  
• Do Higher Wages Reflect Higher Productivity?

The fact is that the key factor, economic (not accounting) productivity, depends on a host of factors, among the foremost of them being the educational/intellectual status and age of the workers involved.

The chart above depicts the relationship between the relative minimum wage (the minimum wage as a fraction of the average hourly wage) and unemployment rates for workers with different educational attainments. Historically, as the relative minimum wage has risen, unemployment among college-educated workers has not changed, unemployment among high-school-educated workers has risen slightly, unemployment among workers without high school diplomas has increased moderately, and unemployment among young workers without high school diplomas has increased dramatically.


What can one rationally conclude from the studies referenced above?

• That depending on the methodology used, researchers can arrive at a conclusion that suits either side of the minimum wage increase debate.
• The conclusions of the studies cannot legitimately be extrapolated broadly to labor forces having key traits differing from those of the laborers and employers examined in the studies.

• Taking the High Road: New Data Show Higher Wages May Increase Productivity, Among Other Benefits
  
• | Higher Wages for Low Income Workers Lead to Higher Productivity
  
• Minimum wages and labour productivity
  
• When $3+$1 > $4: The Effect of Gift Salience on Employee Effort in an Online Labor Market
  
• Does Education Raise Productivity and Wages Equally? The Moderating Roles of Age, Gender and Industry
  
• Do Higher Wages Reflect Higher Productivity?

No shit Sherlock, it doesn't do jack shit rasing MW across the board , you now have more people making minimum wage..


They are still fucking poor

.

 

[Clementine]

Libs claimed that raising the minimum would mean higher standard of living for employees. They were warned by much smarter people that it didn't work that way. Seattle did it anyway and now there are 5,000 less jobs and 3.5 million less hours of work. The average low wage employee is actually getting about $125 less each month. Good job, libs.

The left has little understanding of how businesses operate and less understanding of basic human nature.

They always think that people and companies will continue to behave the same way regardless of what politicians do.

"In the world's most unsurprising news, a new study shows that radically increasing the minimum wage in a city leads to fewer hours of minimum wage labor being worked. FiveThirtyEight lays out the cold hard math:
Monday’s report looks at the impact of the second wage increase under the law: the January 2016 hike to $13 an hour for large employers. This time, the findings look very different: Compared to a counterfactual in which Seattle didn’t raise its minimum wage, the number of hours worked by low-wage workers (those earning less than $19 an hour) fell by 9.4 percent over the first nine months of 2016, and the number of low-wage jobs fell by 6.8 percent. Cumulatively, those add up to the losses of 5,000 jobs and 3.5 million hours of work. The average low-wage employee, they found, saw his or her monthly paycheck shrink by $125, or 6.6 percent.

Yikes! Of course, as anyone who has ever managed hourly employees could tell you, this makes total sense: labor costs are monitored constantly, with employees being sent on their breaks when business slows and fewer workers are needed. You do this because excess labor costs massively cut into relatively thin profit margins at places like grocery stores and fast food joints; increasing the hourly cost of labor only exacerbates this problem."

BREAKING: Minimum Wage Hikes Kill Jobs, Duh

 

[Timmy]

And yet, there are still min wage jobs in the want adds ! Why? Cause they are always available !!!

 

[Iceweasel]

And yet, there are still min wage jobs in the want adds ! Why? Cause they are always available !!!

Ads. Ding, your fries are done.

 

[Oldstyle]

Stupid Republicans, I'm tired of your shit. Only an idiot thinks higher costs impacts stuff. A higher wage gives people more money.

Higher costs don't impact "stuff"? Really, Dude! I pray for your sake that comment was made in jest. Really...I wouldn't wish that kind of ignorance on my worst enemy!

 

[Timmy]

Yes Seattle is mess.

With its lowest unemployment rate ever .

State’s unemployment rate falls to a historic low

 

[Hossfly]

Yes Seattle is mess.

With its lowest unemployment rate ever .

State’s unemployment rate falls to a historic low

And the average wage is at a historic high. That's good. Real good.

 

[Clementine]

The study left out large employers. Tell us why.

The wage hike affected all companies. It kills the smaller ones unless they do what they must to survive, which means firing employees or reducing their hours.

The study showed it meant 5,000 less jobs and about $125 less for employees since they are getting less work hours. It hurt the people it was supposed to help. Liberals foolishly think that when they force companies to pay more in wages or taxes that the companies will continue operating as they have. They make changes to deal with increased costs. It often means cutting employees or reducing work hours or raising prices and risk losing customers.

You can't increase costs without consequences. Maybe large companies can afford it better, though bigger companies tend to promote employees who deserve it. Starter jobs, which is the fast food jobs, aren't meant for people raising a family or someone trying to earn a good living. The left killed so many middle class jobs with Obamacare that people are fighting over the little jobs. If the left understood how the private sector works, maybe they would quit meddling.