CBO: Biden $15 An Hour Minimum Wage Will Cost 1.4 Million American Jobs

[danielpalos]

Higher paid labor creates more in demand

You keep belching up this nonsense yet you've never once tried to support it...

Every single time the minimum wage has gone up, unemployment has gone down. There is an ENORMOUS amount of pent up demand for goods and services for working Americans, but they lack the income to properly provide for their families, much less plan major purchases or savings.

The USA is the ONLY country in the first world where the numbers of people in the middle class is declining, and more people are falling back into poverty than are rising out of the middle class into wealth. A thriving middle class is a necessity for a healthly thriving first world economy.

Republican policies are killing the American middle class, as surely as the farmer killed the goose that laid the golden eggs, and to the same effect.

https://www.bankofcanada.ca/wp-content/uploads/2017/12/san2017-26.pdf

Dems should follow Bill Clinton’s lead on minimum wage hike

One of the Democrats’ top priorities in the new Congress is a $15 minimum wage — a 107-percent increase over the current standard. Before embracing a federal wage mandate for which there&#821…

thehill.com

Yes, Dems held majority for almost every minimum wage raise

Eighty-one years ago, the American workforce was introduced to its first ever federal minimum wage. President Franklin D

www.politifact.com

Why the middle class is shrinking

Fewer millennials in 2019 are middle class compared to baby boomers when they were in their 20s.

www.marketwatch.com

Seven reasons to worry about the American middle class | Brookings

Eleanor Krause and Isabel Sawhill list seven reasons why the American middle class is in trouble.

www.brookings.edu

when was the last MW increase more than 100%?

It should have been keeping up with inflation for the last decade. It is a simple cost of living adjustment. Right wingers are nothing but drama queens by not asking for a tax break to help out with raise in the minimum wage.

No people like you should have been trying to get higher paying jobs instead of aspiring to never make more than minimum wage.

If you're 21 and only making minimum wage it's your own damn fault

The minimum wage is still the minimum wage. Stop whining about taxes for social services since passing on the cost of low wage labor helps Capitalists' bottom line.

 

[Toddsterpatriot]

So you reply with your own ad hominem...brilliance must have escaped you years ago.

Brilliance didn't escape him, it was asphyxiated by decades of daily weed smoke.
His mom's basement looks like a heavy smog day in Beijing.

 

[danielpalos]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

/——/ Dementia Joe is hard at work putting folks on the unemployment line. Thanks democRATs.
U.S. jobless claims total 793,000 vs. 760,000 estimate

Abolish your worthless and alleged wars on crime, drugs, and terror since you are brave enough to go maskless during a pandemic. Use those funds saved for shovel ready infrastructure jobs that can improve the efficiency of our economy.

 

[danielpalos]

No he extended the GD with everything he did. No one could hire when they were being taxed at 95% or better. WWII brought us out of it because we had to produce the machines for war. We produced like no other country could have done. That's what saved us. Not FDR.

Do some research. I did. I used to think FDR was a great POTUS. After researching him and the GD I found out different.

Proof infrastructure spending can improve our economy and create more employment opportunities.

 

[Claudette]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.

But the rich fought back, and won big-time in 1980 when Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.

And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.

We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.

Roll Back the Reagan Tax Cuts | Common Dreams

Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...

www.commondreams.org

Sure he did. All those jobs were paid for with tax dollars. He had companies paying as high as 95% so they couldn't hire. Everything he did extended the GP.

WWII saved the day. Not FDR.

Why didn’t Afghanistan and Iraq save the day?

It was WWII dummy. 1940-1945.

How did the war save the day then but wars in 2000s didn’t save the day?

Fdr saved the day after the war by raising taxes on the rich and using the money to build infrastructure

No he extended the GD with everything he did. No one could hire when they were being taxed at 95% or better. WWII brought us out of it because we had to produce the machines for war. We produced like no other country could have done. That's what saved us. Not FDR.

Do some research. I did. I used to think FDR was a great POTUS. After researching him and the GD I found out different.

That was 95% tax after your first 10 million.

So in fact it put a cap on greed. Then the boss also worked for employees, shareholders, consumers. Not just himself and shareholders, who are ceos serving on other boards. So it’s ceos approving excessive ceo pay for each other.

I giave up a longgtime ago. Me and my family are doing great in this every man for himself society. No sweat off my back especially if you have nots approve and vote for trump who am I to argue. Works for me.

Holy shit are you dumb. How do you expand your business and hire people if you are paying 95% in taxes to the Fed?? Get real and use your brain for Christs sakes. No company could hire and put people to work.

I voted for Trump and before the very convenient Chinese virus this country was doing great. UE the lowest it had been in 50 years, jobs all across the country and a great economy. All that with Trump at the helm.

Hope you aren't looking for that with jack ass Biden cause you ain't going to get it. We'll be lucky if we don't have the Second Great Depression with that idiot at the helm.

 

[danielpalos]

When is ANYONE going to mention the fact that Minimum Wage Jobs were NEVER meant to pay wages that would support a family, pay for a house, send kids to college, fund 401K retirement accounts, etc...?!


'Oh no, someone brought up THE most important point in this argument. What do we do?'

View attachment 455787

We don't have to. Wages that are too low cost more in government services and generate a lower multiplier while merely passing on private sector costs to the public sector for the bottom line of Capitalists.

 

[easyt65]

Abolish your worthless and alleged wars on crime, drugs, and terror since you are brave enough to go maskless during a pandemic. Use those funds saved for shovel ready infrastructure jobs that can improve the efficiency of our economy.

What a STUPID comment!

'Abolish the 'war' on crime, drugs, and terror' because someone disagrees with the CDC and sociaists about mask-wearing? And in case you weren't alive back then, don;t remember it, or just simply ignored it, Barak Obama himself told the world live on camera that 'Shovel-Ready' Jobs DO NOT EXIST!

 

[easyt65]

When is ANYONE going to mention the fact that Minimum Wage Jobs were NEVER meant to pay wages that would support a family, pay for a house, send kids to college, fund 401K retirement accounts, etc...?!


'Oh no, someone brought up THE most important point in this argument. What do we do?'

View attachment 455787

We don't have to. Wages that are too low cost more in government services and generate a lower multiplier while merely passing on private sector costs to the public sector for the bottom line of Capitalists.

Minimum Wage Jobs were NEVER meant to pay wages that would support a family, pay for a house, send kids to college, fund 401K retirement accounts, etc...

 

[easyt65]

When is ANYONE going to mention the fact that Minimum Wage Jobs were NEVER meant to pay wages that would support a family, pay for a house, send kids to college, fund 401K retirement accounts, etc...?!


'Oh no, someone brought up THE most important point in this argument. What do we do?'

View attachment 455787

We don't have to. Wages that are too low cost more in government services and generate a lower multiplier while merely passing on private sector costs to the public sector for the bottom line of Capitalists.

Minimum Wage Jobs were NEVER meant to pay wages that would support a family, pay for a house, send kids to college, fund 401K retirement accounts, etc...

Minimum Wage jobs are meant to be 'stepping-stone' jobs, a temporary step in moving on to a 'carreer' job. They are jobs meant to 'supplement' family incomes that are the main income for families, not to be THE MAIN source of income to support families. They are temp jobs fpor college kids and high-school kids during the summer and Christmas breaks.

The PERMANENT, Full-Time, family-supporting jobs are the ones like the XL Pipeline / Minority-owned small businesses Biden and the Democrats have wiped out, devastagting the economy and causing more Americans to suffer....Americans Joe biden csampaignerd on to help and end their struggle / suffering, not cause MORE suffering.

 

[Lesh]

There are millions of ways to save a little money here and there

And of course scummy business owners look first to "saving a little money" on the backs of the labor they need to do ANYTHING

And of course scummy business owners look first to "saving a little money" on the backs of the labor they need to do ANYTHING

It's outrageous!!!

How could they not pay $15 an hour for work that is only worth $10 an hour???

They should be forced out of business for not bankrupting themselves!!!

Why not let business manipulate the situation and pay $3/hr? If you make workers desperate enough and give them no other choice ...hell you can get em to work for pennies.

How do you think third world countries do it?

 

[dudmuck]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.

But the rich fought back, and won big-time in 1980 when Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.

And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.

We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.

Roll Back the Reagan Tax Cuts | Common Dreams

Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...

www.commondreams.org

Sure he did. All those jobs were paid for with tax dollars. He had companies paying as high as 95% so they couldn't hire. Everything he did extended the GP.

WWII saved the day. Not FDR.

Why didn’t Afghanistan and Iraq save the day?

It was WWII dummy. 1940-1945.

How did the war save the day then but wars in 2000s didn’t save the day?

Fdr saved the day after the war by raising taxes on the rich and using the money to build infrastructure

No he extended the GD with everything he did. No one could hire when they were being taxed at 95% or better. WWII brought us out of it because we had to produce the machines for war. We produced like no other country could have done. That's what saved us. Not FDR.

Do some research. I did. I used to think FDR was a great POTUS. After researching him and the GD I found out different.

That was 95% tax after your first 10 million.

So in fact it put a cap on greed. Then the boss also worked for employees, shareholders, consumers. Not just himself and shareholders, who are ceos serving on other boards. So it’s ceos approving excessive ceo pay for each other.

I giave up a longgtime ago. Me and my family are doing great in this every man for himself society. No sweat off my back especially if you have nots approve and vote for trump who am I to argue. Works for me.

Holy shit are you dumb. How do you expand your business and hire people if you are paying 95% in taxes to the Fed?? Get real and use your brain for Christs sakes. No company could hire and put people to work.

I voted for Trump and before the very convenient Chinese virus this country was doing great. UE the lowest it had been in 50 years, jobs all across the country and a great economy. All that with Trump at the helm.

Hope you aren't looking for that with jack ass Biden cause you ain't going to get it. We'll be lucky if we don't have the Second Great Depression with that idiot at the helm.

youre projecting.
dumb people call other people dumb, because they're unable to recognize their own dumbness.

Here is how marginal tax rates actually work

How marginal tax rates actually work, explained with a cartoon

The recent Republican pushback against Alexandria Ocasio-Cortez’s 70 percent proposal repeats a common error.

www.vox.com

 

[Ray From Cleveland]

Of course thats what Japanese vehicle owners tell themselves.

I find it funny the anti big three American car company republicans want to bring jobs back home. Why? We suck at building things.

But if the Japanese come here and tell us how to build cars we do it better?

The difference is unions don't control Japanese auto manufacturers. You do good work or you get fired. If you worked at a UAW plant, especially years ago, you'd just about have to kill somebody to get fired. The only requirement they had was you were breathing.

This is what happens when you overpay labor. Companies have to find other places to cut in order for their product to be competitive. American manufacturers cut on quality parts and engineering. The Japs put their money into quality parts and engineering. So of course they're going to produce a much better product. It's not us convincing ourselves, it's really common sense.

 

[Toddsterpatriot]

There are millions of ways to save a little money here and there

And of course scummy business owners look first to "saving a little money" on the backs of the labor they need to do ANYTHING

And of course scummy business owners look first to "saving a little money" on the backs of the labor they need to do ANYTHING

It's outrageous!!!

How could they not pay $15 an hour for work that is only worth $10 an hour???

They should be forced out of business for not bankrupting themselves!!!

Why not let business manipulate the situation and pay $3/hr? If you make workers desperate enough and give them no other choice ...hell you can get em to work for pennies.

How do you think third world countries do it?

Why not let business manipulate the situation and pay $3/hr?

Why would that be wrong?

If you make workers desperate enough and give them no other choice

How can a business "make workers desperate enough"?

Any specifics?

 

[Blues Man]

OK I never said the cost of goods would double so cut the fucking shit.

And the problem is minimum wage jobs aren't in high demand and never will be because any moron who can tie his shoes can get one. Even you

And there is no multiplier when people lose their jobs.

If the cost of goods won't double, then the multiplier will have some effect since higher paid labor can create more in demand and generate more in tax revenue.

Means nothing since the private sector is a price taker not a price maker in regard to a statutory minimum wage.

Yes, there is a multiplier effect since higher paid labor creates more in demand and generates more tax revenue in every long run equilibrium.

There is no multiplier.

If a person earns 50% more he has less than 50% more money to spend.

Since everything will cost more he an't buy as much and since everyone who was already making 15 an hour will have less purchasing power the net effect isn't going to be as miraculous as you seem to think it is.

 

[Ray From Cleveland]

Why not let business manipulate the situation and pay $3/hr? If you make workers desperate enough and give them no other choice ...hell you can get em to work for pennies.

How do you think third world countries do it?

Because nobody would take any job for $3.00 an hour. Third world countries don't have are over generous social programs when people don't or can't work. How many times have you on the left said that it's Walmart's fault people work there and collect social benefits?

 

[Blues Man]

no it won't because the people who make 15 an hour or more now will not be able to buy as much stuff

The CBO is forecasting a loss of jobs because they know that if labor costs increase then the cost of their products increase and people will buy less if that increase reaches a certain threshold

Of course they will. Fifteen dollars an hour buy more than half of that.

Higher paid labor creates more in demand and generate more in tax revenue. Why wouldn't labor that is making nearly twice as much not be able to afford to eat at a fast food restaurant twice per time period instead of only once per that same time period.

The increase in demand will be offset by the fact that everything costs more and that people who are already making 15 an hour or more will buy less because their purchasing power will be eroded by the higher prices

 

[Claudette]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

I have looked over the last 20 years and I haven't found one President that has created one job other than a new position on his staff or cabinet. Over the same time span I have seen American entrepreneurs create thousands and thousands of new jobs.

The other thing you said is that it is going to bring 900,000 out of poverty which is great, however the CBO says that 1,400,000 will lose jobs, so our net will be a negative 500,000. So I'm not seeing that as a positive.

After the Republican Great Depression, FDR put this nation back to work, in part by raising taxes on income above $3 to $4 million a year (in today's dollars) to 91 percent, and corporate taxes to over 50% of profits. The revenue from those income taxes built dams, roads, bridges, sewers, water systems, schools, hospitals, train stations, railways, an interstate highway system, and airports. It educated a generation returning from World War II. It acted as a cap on the rare but occasional obsessively greedy person taking so much out of the economy that it impoverished the rest of us.

But the rich fought back, and won big-time in 1980 when Reagan promptly cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983 (they're still in that neighborhood, the lowest in the industrialized world).

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

In addition to badly throwing the nation into debt, Reagan's tax cut blew out the ceiling on the accumulation of wealth, leading to a new Gilded Age and the rise of a generation of super-wealthy that hadn't been seen since the Robber Baron era of the 1890s or the Roaring 20s.

And, most tragically, Reagan's tax cuts caused America to stop investing in infrastructure. As a nation, we've been coasting since the early 1980s, living on borrowed money while we burn through (in some cases literally) the hospitals, roads, bridges, steam tunnels, and other infrastructure we built in the Golden Age of the Middle Class between the 1940s and the 1980s.

We even stopped investing in the intellectual infrastructure of this nation: college education. A degree that a student in the 1970s could have paid for by working as a waitress now means incurring massive and life-altering debt for all but the very wealthy. Reagan, who as governor ended free tuition at the University of California, put into place the foundations for the explosion in college tuition we see today.

Roll Back the Reagan Tax Cuts | Common Dreams

Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a Minnesota conservative group calling itself...

www.commondreams.org

Sure he did. All those jobs were paid for with tax dollars. He had companies paying as high as 95% so they couldn't hire. Everything he did extended the GP.

WWII saved the day. Not FDR.

Why didn’t Afghanistan and Iraq save the day?

It was WWII dummy. 1940-1945.

How did the war save the day then but wars in 2000s didn’t save the day?

Fdr saved the day after the war by raising taxes on the rich and using the money to build infrastructure

No he extended the GD with everything he did. No one could hire when they were being taxed at 95% or better. WWII brought us out of it because we had to produce the machines for war. We produced like no other country could have done. That's what saved us. Not FDR.

Do some research. I did. I used to think FDR was a great POTUS. After researching him and the GD I found out different.

That was 95% tax after your first 10 million.

So in fact it put a cap on greed. Then the boss also worked for employees, shareholders, consumers. Not just himself and shareholders, who are ceos serving on other boards. So it’s ceos approving excessive ceo pay for each other.

I giave up a longgtime ago. Me and my family are doing great in this every man for himself society. No sweat off my back especially if you have nots approve and vote for trump who am I to argue. Works for me.

Holy shit are you dumb. How do you expand your business and hire people if you are paying 95% in taxes to the Fed?? Get real and use your brain for Christs sakes. No company could hire and put people to work.

I voted for Trump and before the very convenient Chinese virus this country was doing great. UE the lowest it had been in 50 years, jobs all across the country and a great economy. All that with Trump at the helm.

Hope you aren't looking for that with jack ass Biden cause you ain't going to get it. We'll be lucky if we don't have the Second Great Depression with that idiot at the helm.

youre projecting.
dumb people call other people dumb, because they're unable to recognize their own dumbness.

Here is how marginal tax rates actually work

How marginal tax rates actually work, explained with a cartoon

The recent Republican pushback against Alexandria Ocasio-Cortez’s 70 percent proposal repeats a common error.

www.vox.com

Well the CBO seems to agree with my "projecting." Doesn't take a rocket scientist to predict what Biden with fuck up the country. He's well on his way with his 50 EO's in 10 days.

Paying Fed taxes of 95% or better isn't good for any business. They can't expand or hire.

Dumbass.

 

[Blues Man]

Higher paid labor creates more in demand

You keep belching up this nonsense yet you've never once tried to support it...

Every single time the minimum wage has gone up, unemployment has gone down. There is an ENORMOUS amount of pent up demand for goods and services for working Americans, but they lack the income to properly provide for their families, much less plan major purchases or savings.

The USA is the ONLY country in the first world where the numbers of people in the middle class is declining, and more people are falling back into poverty than are rising out of the middle class into wealth. A thriving middle class is a necessity for a healthly thriving first world economy.

Republican policies are killing the American middle class, as surely as the farmer killed the goose that laid the golden eggs, and to the same effect.

https://www.bankofcanada.ca/wp-content/uploads/2017/12/san2017-26.pdf

Dems should follow Bill Clinton’s lead on minimum wage hike

One of the Democrats’ top priorities in the new Congress is a $15 minimum wage — a 107-percent increase over the current standard. Before embracing a federal wage mandate for which there&#821…

thehill.com

Yes, Dems held majority for almost every minimum wage raise

Eighty-one years ago, the American workforce was introduced to its first ever federal minimum wage. President Franklin D

www.politifact.com

Why the middle class is shrinking

Fewer millennials in 2019 are middle class compared to baby boomers when they were in their 20s.

www.marketwatch.com

Seven reasons to worry about the American middle class | Brookings

Eleanor Krause and Isabel Sawhill list seven reasons why the American middle class is in trouble.

www.brookings.edu

when was the last MW increase more than 100%?

It should have been keeping up with inflation for the last decade. It is a simple cost of living adjustment. Right wingers are nothing but drama queens by not asking for a tax break to help out with raise in the minimum wage.

No people like you should have been trying to get higher paying jobs instead of aspiring to never make more than minimum wage.

If you're 21 and only making minimum wage it's your own damn fault

The minimum wage is still the minimum wage. Stop whining about taxes for social services since passing on the cost of low wage labor helps Capitalists' bottom line.

I haven't mentioned taxes at all.

Stop making shit up

 

[colfax_m]

How do you expand your business and hire people if you are paying 95% in taxes to the Fed??

Money invested in your business and spent on salaries isn’t profit and therefore not taxed.

 

[Blues Man]

When is ANYONE going to mention the fact that Minimum Wage Jobs were NEVER meant to pay wages that would support a family, pay for a house, send kids to college, fund 401K retirement accounts, etc...?!


'Oh no, someone brought up THE most important point in this argument. What do we do?'

View attachment 455787

We don't have to. Wages that are too low cost more in government services and generate a lower multiplier while merely passing on private sector costs to the public sector for the bottom line of Capitalists.

Which is why we should make it harder for people like you to get welfare