Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

[Dont Taz Me Bro]

Regressives continue to insist that hiking up the minimum wage to an artificial, arbitrary base, uprooting market forces doesn't have an affect on prices or an impact on jobs and reality continues to prove them wrong over and over again.

The sandwich chain recently resurrected the promotion in a national advertising campaign promising foot-long subs for just $4.99—but the special deal won't fly at one Subway restaurant in Seattle, where owner David Jones posted a sign this week giving customers the bad news.

Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.

The result? According to researchers at the University of Washington's School of Public Policy and Governance, the number of hours worked in low-wage jobs has declined by around 9 percent since the start of 2016 "while hourly wages in such jobs increased by around 3 percent." The net outcome: In 2016, the "higher" minimum wage actually lowered low-wage workers' earnings by an average of $125 a month.

Regressive tards will never get it through their heads that you can't draw blood from a stone.

 

[Spycraft]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

 

[Bootney Lee Farnsworth]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

Here's one from the University of Chicago School of Economics.

https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/NW_09_26_1966.pdf

 

[depotoo]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

6 years old... lol

 

[Spycraft]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

Here's one from the University of Chicago School of Economics.
https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/NW_09_26_1966.pdf

Milton Friedman is a theorist who never had to quantitatively demonstrate the outcomes of his theories.

To demonstrate my statement: There's no mathematics what-so-ever in the paper you cited.

That makes the paper "theory" and "philosophy".

Not Economics and mathematical proofs.

 

[Spycraft]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

6 years old... lol

Will you idiots get on the same page.

The other buffoon just threw at me a paper bereft of mathematical proofs from 1968.

So which is it?

Philosophically I'm wrong despite any mathematical evidence to back up your claim?

Or the paper is too old? LOLOLOLOL

 

[MarathonMike]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

Ivy League = Libtardian Refuge For Endangered Professors

 

[Montrovant]

Regressives continue to insist that hiking up the minimum wage to an artificial, arbitrary base, uprooting market forces doesn't have an affect on prices or an impact on jobs and reality continues to prove them wrong over and over again.

The sandwich chain recently resurrected the promotion in a national advertising campaign promising foot-long subs for just $4.99—but the special deal won't fly at one Subway restaurant in Seattle, where owner David Jones posted a sign this week giving customers the bad news.

Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.

The result? According to researchers at the University of Washington's School of Public Policy and Governance, the number of hours worked in low-wage jobs has declined by around 9 percent since the start of 2016 "while hourly wages in such jobs increased by around 3 percent." The net outcome: In 2016, the "higher" minimum wage actually lowered low-wage workers' earnings by an average of $125 a month.

Regressive tards will never get it through their heads that you can't draw blood from a stone.

I'm not defending the Seattle minimum wage, but do you disagree with minimum wage in general? If not, what do you think should govern where it is set?

 

[Spycraft]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

Ivy League = Libtardian Refuge For Endangered Professors

Trump went to Ivy League.

 

[Hossfly]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

6 years old... lol

Will you idiots get on the same page.

The other buffoon just threw at me a paper bereft of mathematical proofs from 1968.

So which is it?

Philosophically I'm wrong despite any mathematical evidence to back up your claim?

Or the paper is too old? LOLOLOLOL

Here's some advise, Sock.

 

[Spycraft]

Trump went to the best schools. So here's a paper from one of the best schools about what an idiot you are.

http://www.princeton.edu/~davidlee/wp/lee-saez11optminwage_jpubeR2.pdf

6 years old... lol

Will you idiots get on the same page.

The other buffoon just threw at me a paper bereft of mathematical proofs from 1968.

So which is it?

Philosophically I'm wrong despite any mathematical evidence to back up your claim?

Or the paper is too old? LOLOLOLOL

Here's some advise, Sock.

Did you post an Image? I'm quoting you for the epic fail.

 

[Two Thumbs]

spycraft is living proof that math is hard for leftists

 

[iceberg]

Regressives continue to insist that hiking up the minimum wage to an artificial, arbitrary base, uprooting market forces doesn't have an affect on prices or an impact on jobs and reality continues to prove them wrong over and over again.

The sandwich chain recently resurrected the promotion in a national advertising campaign promising foot-long subs for just $4.99—but the special deal won't fly at one Subway restaurant in Seattle, where owner David Jones posted a sign this week giving customers the bad news.

Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.

The result? According to researchers at the University of Washington's School of Public Policy and Governance, the number of hours worked in low-wage jobs has declined by around 9 percent since the start of 2016 "while hourly wages in such jobs increased by around 3 percent." The net outcome: In 2016, the "higher" minimum wage actually lowered low-wage workers' earnings by an average of $125 a month.

Regressive tards will never get it through their heads that you can't draw blood from a stone.

I'm not defending the Seattle minimum wage, but do you disagree with minimum wage in general? If not, what do you think should govern where it is set?

market value.

fast food is not a skill position. it's manual labor and not worth the $$$. these positions will be automated and then done away with for people to even have it as an option. then what?

what you can do skillswise will determine what you should be able to make in life. not that you exist, squirted out 6 kids and need to feed them.

 

[Montrovant]

Regressives continue to insist that hiking up the minimum wage to an artificial, arbitrary base, uprooting market forces doesn't have an affect on prices or an impact on jobs and reality continues to prove them wrong over and over again.

The sandwich chain recently resurrected the promotion in a national advertising campaign promising foot-long subs for just $4.99—but the special deal won't fly at one Subway restaurant in Seattle, where owner David Jones posted a sign this week giving customers the bad news.

Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.

The result? According to researchers at the University of Washington's School of Public Policy and Governance, the number of hours worked in low-wage jobs has declined by around 9 percent since the start of 2016 "while hourly wages in such jobs increased by around 3 percent." The net outcome: In 2016, the "higher" minimum wage actually lowered low-wage workers' earnings by an average of $125 a month.

Regressive tards will never get it through their heads that you can't draw blood from a stone.

I'm not defending the Seattle minimum wage, but do you disagree with minimum wage in general? If not, what do you think should govern where it is set?

market value.

fast food is not a skill position. it's manual labor and not worth the $$$. these positions will be automated and then done away with for people to even have it as an option. then what?

what you can do skillswise will determine what you should be able to make in life. not that you exist, squirted out 6 kids and need to feed them.

That seems to be an argument against minimum wage entirely, would that be correct?

 

[Spycraft]

Regressives continue to insist that hiking up the minimum wage to an artificial, arbitrary base, uprooting market forces doesn't have an affect on prices or an impact on jobs and reality continues to prove them wrong over and over again.

The sandwich chain recently resurrected the promotion in a national advertising campaign promising foot-long subs for just $4.99—but the special deal won't fly at one Subway restaurant in Seattle, where owner David Jones posted a sign this week giving customers the bad news.

Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.

The result? According to researchers at the University of Washington's School of Public Policy and Governance, the number of hours worked in low-wage jobs has declined by around 9 percent since the start of 2016 "while hourly wages in such jobs increased by around 3 percent." The net outcome: In 2016, the "higher" minimum wage actually lowered low-wage workers' earnings by an average of $125 a month.

Regressive tards will never get it through their heads that you can't draw blood from a stone.

I'm not defending the Seattle minimum wage, but do you disagree with minimum wage in general? If not, what do you think should govern where it is set?

market value.

fast food is not a skill position. it's manual labor and not worth the $$$. these positions will be automated and then done away with for people to even have it as an option. then what?

what you can do skillswise will determine what you should be able to make in life. not that you exist, squirted out 6 kids and need to feed them.

Automation aside.

Are you insinuating that an employee is always paid the value of what they produce? If so then why have a labor market at all? (You know, competitive labor markets that drive down the wages due to competition for landing a scarcity in this case, a job).

 

[Spycraft]

spycraft is living proof that math is hard for leftists

Is it now? What math are you referring to? Was there some math you have that proves your side of the debate?

 

[Bootney Lee Farnsworth]

From the Princton Paper:

"Abstract
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market and obtains two key results. First, we show that a binding minimum wage – while leading to unemployment – is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first."

Commie?

Commie commie commie?

 

[iceberg]

Regressives continue to insist that hiking up the minimum wage to an artificial, arbitrary base, uprooting market forces doesn't have an affect on prices or an impact on jobs and reality continues to prove them wrong over and over again.

The sandwich chain recently resurrected the promotion in a national advertising campaign promising foot-long subs for just $4.99—but the special deal won't fly at one Subway restaurant in Seattle, where owner David Jones posted a sign this week giving customers the bad news.

Seattle's Minimum Wage Killed the 'Five-Dollar Footlong'

The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.

The result? According to researchers at the University of Washington's School of Public Policy and Governance, the number of hours worked in low-wage jobs has declined by around 9 percent since the start of 2016 "while hourly wages in such jobs increased by around 3 percent." The net outcome: In 2016, the "higher" minimum wage actually lowered low-wage workers' earnings by an average of $125 a month.

Regressive tards will never get it through their heads that you can't draw blood from a stone.

I'm not defending the Seattle minimum wage, but do you disagree with minimum wage in general? If not, what do you think should govern where it is set?

market value.

fast food is not a skill position. it's manual labor and not worth the $$$. these positions will be automated and then done away with for people to even have it as an option. then what?

what you can do skillswise will determine what you should be able to make in life. not that you exist, squirted out 6 kids and need to feed them.

That seems to be an argument against minimum wage entirely, would that be correct?

maybe. that wasn't the question so i didn't answer it with that in mind.

 

[Spycraft]

News Flash: $0.25 cent Steaks things of the past! I blames the minimum wages!

 

[Spycraft]

From the Princton Paper:

"Abstract
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market and obtains two key results. First, we show that a binding minimum wage – while leading to unemployment – is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first."

Commie?

Commie commie commie?

All wages are redistributive, I see you haven't taken even an Econ 100 class. This doesn't mean that it is communist.