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/—-/ Small business are the number one employer, and any increase of minimum wage is inflationary. Besides, many Union contracts are tied to the mini wage. So if the burger flipper gets a mandatory dollar raise then the union members get one too.Dick Foster, minimum rate’s not among the primary drivers of dollar’s inflation.... Just as soon as the minimum wage goes up the printing press is cranked up to negate it. All it does is to effectively pick everyone pocket leaving less for everyone, especially those who supposedly benefit. When in fact they're made even worse off than they were before by the higher prices on everything. Only a compete simple minded fool believes a higher minimum wage benefits anyone.
The minimum rate’s proportional effect upon a product’s price is dependent upon the proportion of the price attributable to direct or indirect labor, and the proportional differences between those labor costs that are attributable to higher or lower wage rates. (The minimum rate bolsters other wage rates, but it much more beneficial to lower rather than higher wage rate earners.)
Because a fraction multiplied by another fraction produces a consequential product lesser than the two multiplied factors, the minimum wage rate has never been among the primary drivers of U.S. dollar’s inflation. Any proportional increases of aggregate prices that could be attributable to increases of the federal minimum wage rate are proportionally extremely much less than the increase of aggregate wage incomes that could also be attributable to that rate increase. Respectfully, Supposn
/—-/ And what about all the states that raised it to $15?We need a rise in the minimum wage but it also must be noted that the Democrats had eight years under Obama and did absolutely nothing in this regard.
Actually, the last raise in the minimum wage occurred in 2009 under Obama while Democrats held Congress with a filibuster proof majority
Since then, Republicans have blocked every attempt to raise minimum wage above $7.25
We need a rise in the minimum wage but it also must be noted that the Democrats had eight years under Obama and did absolutely nothing in this regard.
Actually, the last raise in the minimum wage occurred in 2009 under Obama while Democrats held Congress with a filibuster proof majority
Since then, Republicans have blocked every attempt to raise minimum wage above $7.25
/—-/ And what about all the states that raised it to $15?We need a rise in the minimum wage but it also must be noted that the Democrats had eight years under Obama and did absolutely nothing in this regard.
Actually, the last raise in the minimum wage occurred in 2009 under Obama while Democrats held Congress with a filibuster proof majority
Since then, Republicans have blocked every attempt to raise minimum wage above $7.25
/—-/ Your Google is broken again? Bummer. 24 states will raise the minimum wage in 2020/—-/ And what about all the states that raised it to $15?We need a rise in the minimum wage but it also must be noted that the Democrats had eight years under Obama and did absolutely nothing in this regard.
Actually, the last raise in the minimum wage occurred in 2009 under Obama while Democrats held Congress with a filibuster proof majority
Since then, Republicans have blocked every attempt to raise minimum wage above $7.25
Which states are those?
/—-/ Your Google is broken again? Bummer. 24 states will raise the minimum wage in 2020/—-/ And what about all the states that raised it to $15?We need a rise in the minimum wage but it also must be noted that the Democrats had eight years under Obama and did absolutely nothing in this regard.
Actually, the last raise in the minimum wage occurred in 2009 under Obama while Democrats held Congress with a filibuster proof majority
Since then, Republicans have blocked every attempt to raise minimum wage above $7.25
Which states are those?
We need a rise in the minimum wage but it also must be noted that the Democrats had eight years under Obama and did absolutely nothing in this regard.
Actually, the last raise in the minimum wage occurred in 2009 under Obama while Democrats held Congress with a filibuster proof majority
Since then, Republicans have blocked every attempt to raise minimum wage above $7.25
The raise was because of a previous law. Not because of anything Obama did.
Who couldn't repay those those "loans" with all the money they got. CEOs even got to keep their multimillion dollar bonuses with the bailout monies."Privatizing profits and socializing losses" refers to the idea that corporations want to reserve financial gains for themselves and pass along losses to the rest of society, potentially through lobbying the government for assistance. This practice was criticized in the Wall Street bailout of 2008--https://en.wikipedia.org/wiki/Corporate_welfare#%22Socialism_for_the_rich,_capitalism_for_the_poor%22/---/ What bailouts for the richest? If you can't supply specifics then stop with the strawman arguments.Then, stop whining about the Poor, right wingers. You don't complain about bailouts for the Richest who are merely too rich to fail and get bailed out by the Nanny-State right wingers are hypocritical about but only for the Poor./----/ It's none of your business how much companies pay their CEOs. If you don't like it, then buy enough company stock so you can attend the meetings and vote down the pay raises.Labor as the wealthy under our form of Capitalism also can't afford to hire lobbyists to get more corporate welfare./——/ If your landscaper said he’d do your lawn for $25, would you say that’s not a living wage and pay him $50?I'll make anyone a deal. We end the Federal Reserve and I'll quit sticking up for the poor.
Why should we end the Federal Reserve?
How is making unskilled workers permanently unemployable "sticking up for the poor"?
Trump said we had full employment so I have no idea what you are talking about. The work still needs done whether it's $8 or $12.
No but if the workers did a good job I very well may tip them. We just had a piano moved. Three guys. I gave them $20 each because they did a great job.
And that was your choice, as it should be. The gov't didn't tell you you had to give them the $20 apiece whether they did a good job or not, did they? But you think that's a good idea, right?
From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.
CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time
The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.www.epi.org
The "Wall Street Bailout" was repaid at a profit to the US Treasury. Moron.
Thanks. Some on the left can even smoke weed and still come up with better arguments than right wingers.Unemployment compensation for simply being unemployed in an at-will employment State could solve simple poverty. Capitalism has a Natural rate of unemployment which means even if persons had to obtain a doctorate to participate in the market for Labor, some would still be unemployed.Toddsterpatriot, the CBO did essentially demonstrate the validity of that concept. Respectfully, Supposn... (The minimum rate bolsters other wage rates, but it much more beneficial to lower rather than higher wage rate earners.)
Prove it.
Show how much wages would increase at the $100,000 level, if the Federal Minimum Wage
went from $7.25 up to $8.25. Do the same for the $50,000 level. Thanks!!!“Raise the Wage Act”, (H.R. 582) would have increased most USA’s wage-earning families’ incomes. … Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report,
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office, and follow the link’s instructions to obtain the HR [258, error; 582 is correct], interactive graphs.
Referring to the graph entitled “Average Percentage Change in Real Family Income, by Income Group”: The graph indicates average incomes of families earning less than 3 times the poverty threshold increase. Average incomes of higher income families do not perceivably begin to decrease until those incomes achieve 6 more times the poverty threshold.
(i.e. CBO’s study confirms minimum wage rate’s beneficial effects upon job’s rates are inversely related. Employees within the lowest wage rate brackets most benefit in proportion to their incomes, and those benefits (proportional to incomes) are incrementally lesser as incomes increase. Thus, the wage incomes of most USA’s wage earners would have benefit or would not be detrimentally affected by passage of H.R. 582.
[Six, (6) times a family of three’s income equal or exceeding 6 times the poverty threshold would be $122,000 per year and for a family of four it would well exceed $125,00 per year expressed in 2018 U.S. dollars.] … [/QUOTE
Employees within the lowest wage rate brackets most benefit in proportion to their incomes,
Except for the ones made unemployed or unemployable.
View attachment 381431
Dude!
It is simply more difficult to do that on poverty wages. Means testing is costly and social services do not produce the multiplier effect of a higher minimum wage.“Raise the Wage Act”, (H.R. 582) would have increased most USA’s wage-earning families’ incomes.
So would learning a useful skill
Even more personal for the right wing who object to raising our Standard of living through those higher wages. Why is that, right wingers? Even blacks may achieve a higher standard of living.“Raise the Wage Act”, (H.R. 582) would have increased most USA’s wage-earning families’ incomes.
So would learning a useful skill
His obsession with the wages of the bottom 2% of hourly wage earners sounds personal.
Inflation has never been a consideration regarding raising the minimum wage. Unemployment compensation for simply being unemployed can solve simple poverty and for capitalism's natural rate of unemployment. And, a fifteen dollar an hour minimum wage can generate around five times more federal income tax revenu than our current minimum wage does now. And, a higher minimum wage is more cost effective than a low minimum wages because means testing for social services is expensive and does not generate as much of a positive multiplier effect as does actually raising the minimum wage./—-/ Not my job to educate you, besides you’ll reject anything I post. You claim raising the minimum wage has never been an inflationary concern. Well here ya go, you uneducated moron: Pros and cons of raising the minimum wage - Economics HelpCome up with valid arguments so You won't be full of fallacy. Even promiscuous women are less full of fallacy than You./—-/ Take some business classes so you don’t sound like a blithering idiot.Raising the Minimum wage has never been an inflationary concern. It only affects the microeconomic, bottom line for employers not our economy.I was surprised when Wal Mart raised wages, and forced everyone else to compete with those wages, that inflation did not rise at all. I believed the argument that you couldn't address lower end wages without making prices go through the roof, but that is proven not to be true. I don't like artificial wage tinkering like Seattle and leftists cities, and going against market forces, and worry about people getting fired and job losses, like Seattle. However, It is still evident that lower wages can rise without runaway inflation. Either the experts were wrong, or they lied./—-/ Hey let’s set minimum wage at $120,000 a year. Then everybody gets rich.“Raise the Wage Act”, (H.R. 582) would have increased most USA’s wage-earning families’ incomes.
The last minimum wage bill that was proposed and considered in congress, was H.R. 258, “Raise the Wage Act”. It was passed by the Democratic majority house, then passed on to the Republican majority senate, (where it now lies effectively dead).
Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report,
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office, and follow the link’s instructions to obtain the HR 258 interactive graphs.
Referring to the graph entitled “Average Percentage Change in Real Family Income, by Income Group”: The graph indicates average incomes of families earning less than 3 times the poverty threshold increase. Average incomes of higher income families do not perceivably begin to decrease until those incomes achieve 6 more times the poverty threshold;
(i.e. CBO’s study confirms minimum wage rate’s beneficial effects upon job’s rates are inversely related. Employees within the lowest wage rate brackets most benefit in proportion to their incomes, and those benefits (proportional to incomes) are incrementally lesser as incomes increase. Thus, the wage incomes of most USA’s wage earners would have benefit or would not be detrimentally affected by passage of H.R. 582.
[Six, (6) times a family of three’s income equal or exceeding 6 times the poverty threshold would be $122,000 per year and for a family of four it would well exceed $125,00 per year expressed in 2018 U.S. dollars.]
Respectfully, Supposn
lol. Only in right wing fantasy are you always Right for simply being on the right wing.Spoken like an idiot at the very bottom of the totem pole. Probably a waiter or some such with all the answers.Unemployment compensation for simply being unemployed in an at-will employment State could solve simple poverty. Capitalism has a Natural rate of unemployment which means even if persons had to obtain a doctorate to participate in the market for Labor, some would still be unemployed.Toddsterpatriot, the CBO did essentially demonstrate the validity of that concept. Respectfully, Supposn... (The minimum rate bolsters other wage rates, but it much more beneficial to lower rather than higher wage rate earners.)
Prove it.
Show how much wages would increase at the $100,000 level, if the Federal Minimum Wage
went from $7.25 up to $8.25. Do the same for the $50,000 level. Thanks!!!“Raise the Wage Act”, (H.R. 582) would have increased most USA’s wage-earning families’ incomes. … Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report,
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office, and follow the link’s instructions to obtain the HR [258, error; 582 is correct], interactive graphs.
Referring to the graph entitled “Average Percentage Change in Real Family Income, by Income Group”: The graph indicates average incomes of families earning less than 3 times the poverty threshold increase. Average incomes of higher income families do not perceivably begin to decrease until those incomes achieve 6 more times the poverty threshold.
(i.e. CBO’s study confirms minimum wage rate’s beneficial effects upon job’s rates are inversely related. Employees within the lowest wage rate brackets most benefit in proportion to their incomes, and those benefits (proportional to incomes) are incrementally lesser as incomes increase. Thus, the wage incomes of most USA’s wage earners would have benefit or would not be detrimentally affected by passage of H.R. 582.
[Six, (6) times a family of three’s income equal or exceeding 6 times the poverty threshold would be $122,000 per year and for a family of four it would well exceed $125,00 per year expressed in 2018 U.S. dollars.] … [/QUOTE
Employees within the lowest wage rate brackets most benefit in proportion to their incomes,
Except for the ones made unemployed or unemployable.
Thanks. I don't always take the time to research all of right wingers fantasies. They usually make stuff up as they go along and want to be taken seriously simply because they are on the right wing, not because they are actually Right."Privatizing profits and socializing losses" refers to the idea that corporations want to reserve financial gains for themselves and pass along losses to the rest of society, potentially through lobbying the government for assistance. This practice was criticized in the Wall Street bailout of 2008--https://en.wikipedia.org/wiki/Corporate_welfare#%22Socialism_for_the_rich,_capitalism_for_the_poor%22/---/ What bailouts for the richest? If you can't supply specifics then stop with the strawman arguments.Then, stop whining about the Poor, right wingers. You don't complain about bailouts for the Richest who are merely too rich to fail and get bailed out by the Nanny-State right wingers are hypocritical about but only for the Poor./----/ It's none of your business how much companies pay their CEOs. If you don't like it, then buy enough company stock so you can attend the meetings and vote down the pay raises.Labor as the wealthy under our form of Capitalism also can't afford to hire lobbyists to get more corporate welfare./——/ If your landscaper said he’d do your lawn for $25, would you say that’s not a living wage and pay him $50?I'll make anyone a deal. We end the Federal Reserve and I'll quit sticking up for the poor.
Why should we end the Federal Reserve?
How is making unskilled workers permanently unemployable "sticking up for the poor"?
Trump said we had full employment so I have no idea what you are talking about. The work still needs done whether it's $8 or $12.
No but if the workers did a good job I very well may tip them. We just had a piano moved. Three guys. I gave them $20 each because they did a great job.
And that was your choice, as it should be. The gov't didn't tell you you had to give them the $20 apiece whether they did a good job or not, did they? But you think that's a good idea, right?
From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.
CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time
The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.
The "Wall Street Bailout" was repaid at a profit to the US Treasury. Moron.
No it wasn't.
lol. Inflation happens regardless of the minimum wage going up. And, raising the minimum wage has a negligible impact on inflation, only capitalists short term bottom line.“Raise the Wage Act”, (H.R. 582) would have increased most USA’s wage-earning families’ incomes.
The last minimum wage bill that was proposed and considered in congress, was H.R. 258, “Raise the Wage Act”. It was passed by the Democratic majority house, then passed on to the Republican majority senate, (where it now lies effectively dead).
Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report,
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office, and follow the link’s instructions to obtain the HR 258 interactive graphs.
Referring to the graph entitled “Average Percentage Change in Real Family Income, by Income Group”: The graph indicates average incomes of families earning less than 3 times the poverty threshold increase. Average incomes of higher income families do not perceivably begin to decrease until those incomes achieve 6 more times the poverty threshold;
(i.e. CBO’s study confirms minimum wage rate’s beneficial effects upon job’s rates are inversely related. Employees within the lowest wage rate brackets most benefit in proportion to their incomes, and those benefits (proportional to incomes) are incrementally lesser as incomes increase. Thus, the wage incomes of most USA’s wage earners would have benefit or would not be detrimentally affected by passage of H.R. 582.
[Six, (6) times a family of three’s income equal or exceeding 6 times the poverty threshold would be $122,000 per year and for a family of four it would well exceed $125,00 per year expressed in 2018 U.S. dollars.]
Respectfully, Supposn
Don't forget the HIDDEN inflation tax on minimum wage. When minimum wage goes up so does inflation. The inflation matches or exceeds the minimum wage hike so ones BUYING POWER after the minimum wage hike remains stagnant or loses ground. It's a Fed Reserve thing.
Means nothing if wages don't outpace inflation on an Institutional basis.Any place worth working for even as a kid offers at least $15 per hour.
lol. Fantasy is all right wingers have, not any sublime Truth (value) discoverable through argumentation.The real minimum wage is a rational choice to provide labor input to the economy. Means tested social services cost the equivalent to fourteen dollars an hour and is a rational choice reason for a fifteen dollar an hour minimum wage.The truth about minimum wage...
Employers preferring to help employees apply for social services instead of increasing wages, only helps capitalist's bottom line not Labor.Higher paid Labor can afford to create more in Demand and pay more in Taxes. It is termed and styled, a positive multiplier effect. The short term is for short run equilibriums not long run equilibriums.Raising the Minimum wage has never been an inflationary concern. It only affects the microeconomic, bottom line for employers not our economy.
It "ONLY" affects the bottom line for employers, NOT our economy.
Oh Grand Economist danielpalos, please explain to all of us how the bottom line of companies does NOT affect our economy.
If the bottom line of any company is reduced, does that not affect the net profit of that company? If that drops, what happens to the stock prices?
Professor Irwin Corey,
lol. If the minimum wage had kept up with inflation it would be around eighteen dollars an hour. It hasn't, yet right wingers still complain about the cost of social services for the Poor. How moral is that?I've asked this in the past and none of the far-left liberals have had an answer or refuse to acknowledge that they know the answer. Here, I won't ask, I'll just provide the answer.
Who Earns the Minimum Wage? Suburban Teenagers, Not Single Parents
February 28, 2013
In his State of the Union address, President Obama called for raising minimum wage to $9.00 an hour. He argued that “no one who works full-time should have to live in poverty.”[1] Most minimum-wage workers, however, are not poor. Congress should examine which workers—that would not lose their jobs—would benefit from a higher minimum wage.
Data from the Bureau of Labor Statistics and the Census Bureau show that most minimum-wage earners are young, part-time workers and that relatively few of them live below the poverty line. Their average family income is over $53,000 a year. A hike in the minimum wage primarily raises pay for suburban teenagers, not the working poor. If Congress and the President seriously want to help the working poor, they should look elsewhere.
[My highlight above]
Who Earns the Minimum Wage? Suburban Teenagers, Not Single Parents
In his State of the Union address, President Obama called for raising minimum wage to $9.00 an hour. He argued that “no one who works full-time should have to live in poverty.”[1] Most minimum-wage workers, however, are not poor. Congress should examine which workers—that would not lose their...www.heritage.org
