Andylusion
Platinum Member
No you did nothing to prove me wrong. I was simply stating correlation. I don't believe the previous increases did much for the economy. They were too small. I am simply pointing out that the raises did not harm the economy. You are very much wrong about 2009. From June 2009 on, job growth steadily increased. It still is.Lol you're talking about federal minimum wage which affects 3% of the population. There is no way that would have been the reason for the change in GDP.Also, GDP grew steadily in all cases of the minimum wage being raised in this country's history.It's amazing how much common sense is disregarded in favor of a government report.
If the minimum wage was applied directly to you, you would grasp this instinctively. You hire someone to mow your lawn for $25 a mow, and the government steps in and says the minimum lawn mowing wage is $50 a mow, you'd grasp that it's not worth it to pay someone to do that.
In every country with high minimum wages, people lose their jobs, and youth unemployment is nearly double what it is in the US.
Switzerland Strikes Down What Would Have Been World s Highest Minimum Wage - US News
Switzerland shot down the living wages, and ironically cited exactly that it would killl jobs.
Norway has no minimum wage at all.
Greece had a minimum wage tied to inflation, and the job losses were so bad, they had to revoke the inflation adjustment, and cut the minimum wage down.
Over and over and over, every time the minimum wage is levied, people lose their jobs.
Imposed minimum wage hikes hurt economies in American Samoa Northern Mariana Islands - Washington Times
American Samoa was crippled, with drastically increased prices, and high unemployment, all thanks to 'do-gooders' pushing the minimum wage.
How many times does the truth have to be splashed all over this forum, before all your little reports, and meaningless papers, and government statements are shown false? At one point does reality trump intellectual non-sense?
I would expect that. Why would it not? GDP grew in China, even while the average income was under $2 a day pre-78. Bad policies can screw over the lowest working people... and still have a growing GDP.
However, what you claim is not true.
GDP fell in 2008 and 2009. What happened in 2008? The minimum wage went up to $6.55. What happened in 2009? The minimum wage went up to $7.25.
So the fact is, you are wrong.
Just stop the BS. You said that GDP increased every time the minimum wage went up. I proved you WRONG. YOU ARE WRONG.
>WRONG< You are wrong, and have proven to be wrong. If you can't admit that, then you are too childish to talk to.
But they did. Yes, after the minimum wage stopped increasing..... in 2009.... after there were no more minimum wage increases.... yes jobs started coming back in 2010.
And yes, if you stop screwing over business with higher minimum wage, eventually things will stabilize.
Notice.... prices went up across the economy. So how much did that minimum wage increase really help when all the prices increased accordingly?
Rent prices increased drastically from 2006 to 2010. That's the opposite we would expect in a down turn. You would expect as the economy declined, rent prices would drop. Instead they increased. Minimum wage effect. The people who still had jobs, had larger paychecked, and thus drove up rental prices.
Cause and effect. Supply and demand. Result was that the inflation ate up whatever increase in wages.
Food prices increased. You used to be able to order a Wendy's value meal for $4-$5. Now it's $7 to $8. Chipotle burrito used to be $4.25. Now they are $6.50.
Fast Food Prices In the Last Decade Increased More Than the Consumer Price Index - McDonald s Burger King Wendy s Pricing From 2002 to 2013
Prices have increased by almost double in many areas, depending on State minimum wages that are higher than the Federal.
So prices are always consistently passed onto consumers. Every single time.