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According to the CBO we MAY lose about 500,000 jobs in total to the economy. That's manageable considering the benefits far out weigh it.
I'm sure that view will console the 500,000 who lose those jobs, Billy! Manageable? Really?
Here's a novel concept...how about having an economic policy that creates jobs instead of one that takes them away?
CBOs estimates of the impact of raising the minimum wage on employment does not reflect the current consensus view of economists, Council of Economic Advisers Chairman Jason Furman wrote in a blog post. The bulk of academic studies, have concluded that the effects on employment of minimum wage increases in the range now under consideration are likely to be small to nonexistent.
The report found this hike would result in total employment being lower by 500,000 fewer jobs by 2016.
It found 900,000 fewer people would be living in poverty by 2016 and that families below the poverty line would receive $5 billion more in income.
AFL-CIO union President Richard Trumka dismissed the CBO finding as noise.
Every time momentum builds for lifting wages, conservative ideologues say it will cost jobs, he said. Lets raise the wage and well prove the CBO wrong again.
CBO: Wage hike to cost 500K jobs | TheHill
The Job Loss Myth
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment
Indicative is a 2013 survey by the University of Chicagos Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.
The Job Loss Myth | Raise The Minimum Wage
The powers that be closed my thread because I posted a question that was too hard to answer.
So here it is again;
What are Republicans offering the Middle class? Be Specific
Jobs. You offer them handouts.
Now what are Democrats offering the middle class? Be specific.
Higher min wage so there are fewer jobs for those entering the workforce
Workplace protections for women and gays, insuring that employers will hire fewer of them
More regulations on business, costing them money in compliance that might have gone to wages and benefits
Health care mandates that insure that company policies are cancelled and employees thrown on the public system.
Looming inflation, eroding savings and devastating retireees on fixed incomes
What else could you want??
Well according to Biden the middle class has been buried for the last 5 years. So I guess any policy that doesnt reflect the Democrats' plans will benefit the middle class.
Obama is responsible for the biggest middle class tax cut since Reagan. His push to raise the miminum wage to 10.10 an hour would lift 17 million people out of poverty and make up for any jobs loss through consistent job growth from the boost in consumer spending.
McDonald's CEO said he would support a raise in the minimum wage. Why wouldn't you?
Uh, BIlly. Obama raised taxes. Remember? He rescinded the Bush tax cuts? Hello?
What recovery? Anyone who takes a closer look at the employment numbers will see that the economy is crap. Generally:
"To measure the job market by quantity with no regard for quality is to devalue workers themselves. Creating 217,000 new jobs is not a sign of economic health if each worker needs two or three of those jobs to patch together a barebones living and millions more are left with no work at all."
Looking at younger segments of the population the situation doesn't bode well for the future:
"Also, there are millions of young people who are squeezed out of this so-called recovery the effective unemployment rate for 18- to 29-year-olds is above 15 percent, more than double the national rate of 6.3 percent."
The Terrible News Economists Are Trying to Hide About American Jobs | Perspectives | BillMoyers.com
Business and entrepreneurship are the drivers of this nation and always have been. Whoever is in power needs to understand this and act accordingly to promote competition. Competition is the American way. As we move away from this mentality others like South Korea are stepping in and proving how effective this attitude truely is.
.
What are Republicans offering the Middle class?
More than you ever will.
The powers that be closed my thread because I posted a question that was too hard to answer.
So here it is again;
What are Republicans offering the Middle class? Be Specific
The ignorance and bias evident in your comments are nothing short of astounding. Here are a few things that Republicans offer the middle class:
* A return to fiscal sanity so we can start digging ourselves out from under our crushing national debt of $17 trillion, which is now costing us nearly $300 billion a year just in debt interest. Democrats want to just keep on spending and spending and taxing and taxing. And, FYI: Obama piled up more debt in his first 4 years than Bush did in 8 years.
* More money in all of our pockets via reductions in taxes and needless, harmful regulations.
* More good jobs by making use of our tremendous natural resources of oil and natural gas and by not cancelling perfectly sane projects like the Keystone XL Pipeline.
* Protection against another housing crisis and resulting financial meltdown by not allowing the government to securitize low-income home loans. If the federal government had not greatly loosened the credit requirements for home loans and had not securitized and/or loaned over $1 trillion in sub-prime mortgages in the first place, there would have been no 2008 financial crisis because there would not have been a trillion dollars' worth of high-risk loans to bundle into toxic assets in the first place.
* A sane monetary policy instead of the insane one that has been pursued by the Fed for the last 15-20 years. Go ask senior citizens how they've been affected by the Fed's unnaturally low interest rates.
* A rational tax policy regarding repatriated income and the corporate income. Many other nations have long since figured out that over-taxation of repatriated income keeps such income away and in other nations' pockerts, and that over-taxing your corporations is counter productive. Our corporate income tax is the second highest in the world, and our repatriated income tax is many times higher than many other nations'.
Jobs and opportunity. The middle class has little use of food stamps and other forms of government charity.The powers that be closed my thread because I posted a question that was too hard to answer.
So here it is again;
What are Republicans offering the Middle class? Be Specific
Jobs. You offer them handouts.
Now what are Democrats offering the middle class? Be specific.
Higher min wage so there are fewer jobs for those entering the workforce
Workplace protections for women and gays, insuring that employers will hire fewer of them
More regulations on business, costing them money in compliance that might have gone to wages and benefits
Health care mandates that insure that company policies are cancelled and employees thrown on the public system.
Looming inflation, eroding savings and devastating retireees on fixed incomes
What else could you want??
Except there is no history of what you claim happening.
left-wing nutjobs just don't get it. the Right is offering the Middle Class the chance to get government out of the way; so Americans can prosper. Are the Left so dense they cant understand sometimes NOT doing something is the best approach?
what has the Left done for the Middle Class?
the Middle Class had it MUCH BETTER WHEN REPUBLICANS RAN THINGS
THAT IS A FACT
left-wingers are losers who lie to themselves
left-wing nutjobs just don't get it. the Right is offering the Middle Class the chance to get government out of the way; so Americans can prosper. Are the Left so dense they cant understand sometimes NOT doing something is the best approach?
what has the Left done for the Middle Class?
the Middle Class had it MUCH BETTER WHEN REPUBLICANS RAN THINGS
THAT IS A FACT
left-wingers are losers who lie to themselves
The conservatives know that getting government out of the way is the way to build prosperity.
Liberals think government builds prosperity and so want speciic programs. There are no specific government programs to build prosperity. If there were France would be an economic powerhouse instead of the stagnant shithole it is.
That's the point......They can't.
Wrong. You were asking the same question over, and over, and over again. There were many responses that you chose to ignore. That constitutes SPAM. If you continue in that manner it will get closed again.
Your statement here...
"That's the point......They can't"
Implies that you have merely posted a baiting and polarizing thread and that too is a violation of the rules. Why don't you tell us what the Democrats are going to do to help the middle class. So far, the middle class gets to pay almost double for gasoline over what the gas prices were during the Bush era....and they have maintained that elevated level for the entire time that Obama has been in office.
Regular energy costs will likewise skyrocket if the EPA is able to enforce the rules they want to. That enriches the rich but once again it screws the middle class. How exactly are the Democrats going to mitigate that? By ripping off the upper middle class to help the lower middle class?
How about the ACA? How many are going to die because they can't get in to see doctors? If the VA is any sort of analog (and weren't you ALL crowing about how great the VA was before the truth came out) the backlog is going to be epic and tens of thousands will die before they get the care they need.
How exactly is that going to help the middle class? Or are you one of those who believe in killing something to save it?
Be specific in your responses.
I'm asking a question that nobody can answer.
For your questions:
Gasoline and oil are priced on the market. No sitting President has any control. The rich are doing it.
Which EPA rules do you speak?
Who isn't getting care under ACA?
The VA is better than it was under Bush, but remains severely underfunded. Something you have to ask the Republicans about.
Nothing, just like the Democrats. Regardless of which party has held power since the 1960's, the middle class has become more poor with each election cycle. Thank G-d technological innovation has outpaced poverty, although that also has the ill consequence of disguising our squalor.
What do Republicans offer to the middle class?
Absolutely nothing. They only answer to the lobbyists (from the corporations) that put the most money in their re-election funds.
What do Democrats offer? Well, there's the first one of healthcare for everyone (except in states run by the Republicans who hate the ACA, which is why there is a gap), there's also the fact that they want to raise the minimum wage (which means that instead of working three jobs, you may be able to make it on one), and the fact that they think we should improve this nation rather than build other nations.
I mean.....................American exceptionalism? Why can't we spend 1/4 of what we spent on the Iraq war and get this country moving again?
You do realize that the rich use the same roads the rest of us use, right? Why won't they pay their fair share for the use of those roads like the rest of us do?
Well according to Biden the middle class has been buried for the last 5 years. So I guess any policy that doesnt reflect the Democrats' plans will benefit the middle class.
Obama is responsible for the biggest middle class tax cut since Reagan. His push to raise the miminum wage to 10.10 an hour would lift 17 million people out of poverty and make up for any jobs loss through consistent job growth from the boost in consumer spending.
McDonald's CEO said he would support a raise in the minimum wage. Why wouldn't you?
left-wing nutjobs just don't get it. the Right is offering the Middle Class the chance to get government out of the way; so Americans can prosper. Are the Left so dense they cant understand sometimes NOT doing something is the best approach?
what has the Left done for the Middle Class?
the Middle Class had it MUCH BETTER WHEN REPUBLICANS RAN THINGS
THAT IS A FACT
left-wingers are losers who lie to themselves
The conservatives know that getting government out of the way is the way to build prosperity.
Liberals think government builds prosperity and so want speciic programs. There are no specific government programs to build prosperity. If there were France would be an economic powerhouse instead of the stagnant shithole it is.
Tell me what government policies specifically are harming the middle class?
What recovery? Anyone who takes a closer look at the employment numbers will see that the economy is crap. Generally:
"To measure the job market by quantity — with no regard for quality — is to devalue workers themselves. Creating 217,000 new jobs is not a sign of economic health if each worker needs two or three of those jobs to patch together a barebones living — and millions more are left with no work at all."
Looking at younger segments of the population the situation doesn't bode well for the future:
"Also, there are millions of young people who are squeezed out of this so-called recovery — the effective unemployment rate for 18- to 29-year-olds is above 15 percent, more than double the national rate of 6.3 percent."
The Terrible News Economists Are Trying to Hide About American Jobs | Perspectives | BillMoyers.com
Business and entrepreneurship are the drivers of this nation and always have been. Whoever is in power needs to understand this and act accordingly to promote competition. Competition is the American way. As we move away from this mentality others like South Korea are stepping in and proving how effective this attitude truely is.
.
You've identified a problem, so what do Republicans have for a solution? Please be specific.