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

[danielpalos]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..in 1934 when FDR got it the minimum raised to .25 cents an hour...and it has been used every time since.

It’s as good a whine as any. And conservatives love a good whine.

They also have no problem with corporate downsizing merely for the bottom line with no pay rise at all.

 

[danielpalos]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..in 1934 when FDR got it the minimum raised to .25 cents an hour...and it has been used every time since.

There was a time when we traveled by horse and carriage too. Today, our social programs pay so well that sometimes it doesn't make any sense to work. That didn't happen in early 30's. So minimum wage is no longer needed as a lot of people will not work those lower wage jobs, which is why most places don't start at minimum wage. In fact one study showed that people who benefit from multiple social programs live as well as a person making 50K a year when you consider the taxes that a working person has to pay.

I live in a middle-class suburb. My neighbor is charging so much for his rental property that nobody would rent from him. How does he make money? He rents to HUD people. So now we have a society where lowlifes are living in the burbs among hard working Americans, and they are categorized as our poor. I've seen them on their smart phones, I see the satellite dish they had installed on their rental unit.

Offer them a decent job so they want to work. Capitalism, what a concept. And, why were any jobs paying the minimum wage the whole decade the minimum wage was not increased to keep up with inflation?

 

[danielpalos]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..

And it's been true, every single time.

So what. Corporate downsizing merely for the bottom line also cost jobs and without any rise in pay. Right wingers never complain about the Richest getting richer, only the Poor benefiting.

 

[danielpalos]

he people who are claiming massive layoffs will result..

Nobody said massive. But the larger concern is how much harder it will be for new businesses to open up.

Are businesses that can only make it on the back of cheap labor a benefit to society?

 

[danielpalos]

First, government doesn't have any business artificially setting wages.

How did you reach that conclusion?

Congress is delegated the (social) Power to fix Standards for the Union.

Obviously, you haven't been paying attention, because I've told you how sensible people reach that conclusion. You never did look up what happened with Nixon's wage and price controls, did you?

Because wage and price controls happened during WWII and the public sector still achieved full employment.

 

[danielpalos]

The cryptic nonsense you spout is meaningless gibberish. Do you really think you're communicating? You're just reciting bad poetry.

The minimum wage is the minimum wage. Simply donate any extra money to charity if you don't believe in making the minimum wage as a minimum.

The federal MW should be the absolute bottom level, above which cities and states can set their own if they want to go above. How can you complain about that?

Fifteen an hour will be that, rock bottom cost.

Why, when cities and states can go higher if they want to?

Because they won't be able to go lower.

First, government doesn't have any business artificially setting wages. Second, that becomes even more clear when the cost of living in an area is very low. There is no need for a nation wide, artificially high MW. If we have to have one, it should be set to the level of the lowest cost of living area so that others can set theirs higher if needed. That allows for the greatest flexibility, but it appears that flexibility is not something that you champion.

Only if you ignore our economy as a whole. And, I agree to disagree. Some States are cheaper for the same reason less developed economies are cheaper.

Obviously, you want the federal government to shoe horn everyone into the same box. That's not a good thing.

With a minimum wage but not a maximum wage? Only right wingers come up with that reasoning.

 

[Toddsterpatriot]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..

And it's been true, every single time.

So what. Corporate downsizing merely for the bottom line also cost jobs and without any rise in pay. Right wingers never complain about the Richest getting richer, only the Poor benefiting.

So what.

So that harms low skilled workers.
Why do you hate on the poor?

 

[danielpalos]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..

And it's been true, every single time.

So what. Corporate downsizing merely for the bottom line also cost jobs and without any rise in pay. Right wingers never complain about the Richest getting richer, only the Poor benefiting.

So what.

So that harms low skilled workers.
Why do you hate on the poor?

Low skilled workers would be better off improving their skills. Why do you hate helping the Poor with equal protection of our own legal and lawful laws, regarding employment at the will of either party?

 

[Jake Winker Frogen]

Why not make lower payed Americans work for canned food, that would create a lot more jobs.

Expired cans only.

 

[Blues Man]

I already told why production increased and it wasn't because the skill of the workforce increased

Labor had to learn the skills to run the machinery that increased productivity and valuation of the firm.

It doesn't take a lot of skill to run an automated milling machine.

Any moron can push a button

 

[Blues Man]

You use an example of one type of worker being underpaid as an excuse to underpay others

Characterize it as you will.

No I am not. I'm only showing you why people get paid the money they do. Life is not fair and business sure as hell isn't either. It's not designed to be fair, business is designed to make profits. The people they believe are most responsible for those profits make the most money in a company. After all, you probably wouldn't rush out to see a movie unless it was written by one of the best writers, and the cast being some of the most loved and well known actors. It's those people that get you to the movie theater and pay money to see their work.

The hypocrisy is another thing. Every time a leftist brings up wealth inequity, they never talk about how much Oprah made a year doing a talk show, or how much Garth Brooks made for a tour of his new recording. Only those greedy companies with their greedy CEO's. Well those greedy CEO"s will make less than half of what LaBron James will make in a lifetime with no advanced education and the common sense of a possum. While they were in college, or at the bottom rung of a company moving all over the country to different jobs and fighting to get to the top. LeBron bounced a basketball on a wooden floor and threw it through a hoop.

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..in 1934 when FDR got it the minimum raised to .25 cents an hour...and it has been used every time since.

the MW has never been increased more than 100%

 

[Blues Man]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..in 1934 when FDR got it the minimum raised to .25 cents an hour...and it has been used every time since.

It’s as good a whine as any. And conservatives love a good whine.

They also have no problem with corporate downsizing merely for the bottom line with no pay rise at all.

It's none of your or the government's decision how many employees a business decides is necessary

 

[Blues Man]

The first time the 'it will cost jobs' argument was used was the first time a hike was implemented..

And it's been true, every single time.

So what. Corporate downsizing merely for the bottom line also cost jobs and without any rise in pay. Right wingers never complain about the Richest getting richer, only the Poor benefiting.

So what.

So that harms low skilled workers.
Why do you hate on the poor?

Low skilled workers would be better off improving their skills. Why do you hate helping the Poor with equal protection of our own legal and lawful laws, regarding employment at the will of either party?

That's what entry level jobs are for.

A person with no experience takes an entry level job and draws a paycheck while he is learning. He can either then try for a better paying position with his employer or he can take the experience and skills he gained and apply for a different job with another employer.

 

[Lesh]

That's what entry level jobs are for.

A person with no experience takes an entry level job and draws a paycheck while he is learning. He can either then try for a better paying position with his employer or he can take the experience and skills he gained and apply for a different job with another employer.

The job market has been manipulated such that many people are STUCK in that "entry level" situation.

But hey...you're a Republican and low wages for anyone not you or your friends is what you are about

And oh yea...

That CBO report is a range. From ZERO job losses to 1,4 million. And oh yea...it doesn't take into account the fact that higher wages results in more spending which in itself creates jobs...so

Yea...

 

[Blues Man]

That's what entry level jobs are for.

A person with no experience takes an entry level job and draws a paycheck while he is learning. He can either then try for a better paying position with his employer or he can take the experience and skills he gained and apply for a different job with another employer.

The job market has been manipulated such that many people are STUCK in that "entry level" situation.

But hey...you're a Republican and low wages for anyone not you or your friends is what you are about

And oh yea...

That CBO report is a range. From ZERO job losses to 1,4 million. And oh yea...it doesn't take into account the fact that higher wages results in more spending which in itself creates jobs...so

Yea...

No one is stuck in any job.

And what you don't account for is that anyone already making close to 15 an hour or above will see their purchasing power decline because of higher prices.

 

[Toddsterpatriot]

And oh yea...it doesn't take into account the fact that higher wages results in more spending which in itself creates jobs

And oh yea...you don't take into account the fact that higher wages results in less business spending which in itself destroys jobs.

 

[Ray From Cleveland]

The job market has been manipulated such that many people are STUCK in that "entry level" situation.

But hey...you're a Republican and low wages for anyone not you or your friends is what you are about

And oh yea...

That CBO report is a range. From ZERO job losses to 1,4 million. And oh yea...it doesn't take into account the fact that higher wages results in more spending which in itself creates jobs...so

Yea...

Actually 1.4 million jobs seems very conservative to me. I don't know that they take into account all the automation investments, all the new outsourcing, all the companies moving overseas because all wages are going to have to go up. I think they are only considering minimum wage job loss alone. The domino effect will likely lead to millions and millions of job losses.

 

[Lesh]

And oh yea...you don't take into account the fact that higher wages results in less business spending which in itself destroys jobs.

The minimum wage has been raised before...and we were told then exactly what we're being told now...and it NEVER HAPPENS

 

[Mr Natural]

The minimum wage has been raised before...and we were told then exactly what we're being told now...and it NEVER HAPPENS

But this time it's different. Just like gun confiscation.

 

[Lesh]

Actually 1.4 million jobs seems very conservative to me.

Who gives a shit what anything "seems" to you?

The CBO report gives a range of from 1.4 million job losses all the way down to ZERO job losses.