Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
There's nothing dirty about it! It is wonderful as it makes sure big corporate can't pay their workers like they do in Vietnam or Africa.
The federal minimum wage is a very hot topic in American policy. Significant figures like Bernie Sanders and Elizabeth Warren have brought this issue in the light of the media. This has resulted in many Americans falsely associating a wage hike with them simply getting paid more. In fact raising the wage from $7.25 to a figure like $15.00 which most property agree is necessary will have much more complex consequences to the economic infrastructure of America. The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In fact take countries that have inflated minimum wages like Sweden or Norway which have an hourly minimum of $25. As result of high wages, these countries have seen decades of stagnant domestic trade and limited earning potential for their citizens. Within specifically America the common argument to raising the minimum wage is the current 7.25 has not kept up with inflation rates since the 60s. Yes this is true and $15 is reasonably close to the margin of the value the $1.46 hourly wage was in 1960. However a raise to this amount may be a positive benefit in the short term but devastating to the future of the u.s dollar. Once the wage is theoretically increased consumers will have more spending power while businesses incur greater costs of operations and respond by raising prices. A 2015 Purdue University study found that raising the wage of fast food restaurant employees to $15 or $22 per hour would result in a price increase of 4.3% and 25% respectively, or a reduction in product size between 12% and 70%. To put it simply a hike will only devalue u.s currency and solve no issues of economic inequality within America.
There's nothing dirty about it! It is wonderful as it makes sure big corporate can't pay their workers like they do in Vietnam or Africa.
The federal minimum wage is a very hot topic in American policy. Significant figures like Bernie Sanders and Elizabeth Warren have brought this issue in the light of the media. This has resulted in many Americans falsely associating a wage hike with them simply getting paid more. In fact raising the wage from $7.25 to a figure like $15.00 which most property agree is necessary will have much more complex consequences to the economic infrastructure of America. The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In fact take countries that have inflated minimum wages like Sweden or Norway which have an hourly minimum of $25. As result of high wages, these countries have seen decades of stagnant domestic trade and limited earning potential for their citizens. Within specifically America the common argument to raising the minimum wage is the current 7.25 has not kept up with inflation rates since the 60s. Yes this is true and $15 is reasonably close to the margin of the value the $1.46 hourly wage was in 1960. However a raise to this amount may be a positive benefit in the short term but devastating to the future of the u.s dollar. Once the wage is theoretically increased consumers will have more spending power while businesses incur greater costs of operations and respond by raising prices. A 2015 Purdue University study found that raising the wage of fast food restaurant employees to $15 or $22 per hour would result in a price increase of 4.3% and 25% respectively, or a reduction in product size between 12% and 70%. To put it simply a hike will only devalue u.s currency and solve no issues of economic inequality within America.
Well even the ones who benefit kind of get hurt. I have yet to meet a person in retail thats not management that gets 40 hours a week, yet that wage hike (in Texas anyway) would remove most from being able to collect food stamps. And they really arent getting ahead because if McDonald's paid 15+- you damn sure know they will cut hours even more. Best thing to do would be to just work and keep looking.
There's nothing dirty about it! It is wonderful as it makes sure big corporate can't pay their workers like they do in Vietnam or Africa.
The federal minimum wage is a very hot topic in American policy. Significant figures like Bernie Sanders and Elizabeth Warren have brought this issue in the light of the media. This has resulted in many Americans falsely associating a wage hike with them simply getting paid more. In fact raising the wage from $7.25 to a figure like $15.00 which most property agree is necessary will have much more complex consequences to the economic infrastructure of America. The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In fact take countries that have inflated minimum wages like Sweden or Norway which have an hourly minimum of $25. As result of high wages, these countries have seen decades of stagnant domestic trade and limited earning potential for their citizens. Within specifically America the common argument to raising the minimum wage is the current 7.25 has not kept up with inflation rates since the 60s. Yes this is true and $15 is reasonably close to the margin of the value the $1.46 hourly wage was in 1960. However a raise to this amount may be a positive benefit in the short term but devastating to the future of the u.s dollar. Once the wage is theoretically increased consumers will have more spending power while businesses incur greater costs of operations and respond by raising prices. A 2015 Purdue University study found that raising the wage of fast food restaurant employees to $15 or $22 per hour would result in a price increase of 4.3% and 25% respectively, or a reduction in product size between 12% and 70%. To put it simply a hike will only devalue u.s currency and solve no issues of economic inequality within America.
There's nothing dirty about it! It is wonderful as it makes sure big corporate can't pay their workers like they do in Vietnam or Africa.
The federal minimum wage is a very hot topic in American policy. Significant figures like Bernie Sanders and Elizabeth Warren have brought this issue in the light of the media. This has resulted in many Americans falsely associating a wage hike with them simply getting paid more. In fact raising the wage from $7.25 to a figure like $15.00 which most property agree is necessary will have much more complex consequences to the economic infrastructure of America. The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In fact take countries that have inflated minimum wages like Sweden or Norway which have an hourly minimum of $25. As result of high wages, these countries have seen decades of stagnant domestic trade and limited earning potential for their citizens. Within specifically America the common argument to raising the minimum wage is the current 7.25 has not kept up with inflation rates since the 60s. Yes this is true and $15 is reasonably close to the margin of the value the $1.46 hourly wage was in 1960. However a raise to this amount may be a positive benefit in the short term but devastating to the future of the u.s dollar. Once the wage is theoretically increased consumers will have more spending power while businesses incur greater costs of operations and respond by raising prices. A 2015 Purdue University study found that raising the wage of fast food restaurant employees to $15 or $22 per hour would result in a price increase of 4.3% and 25% respectively, or a reduction in product size between 12% and 70%. To put it simply a hike will only devalue u.s currency and solve no issues of economic inequality within America.
Antiquity called in with some good news - paragraphs were invented, so your falsehoods don't have to hurt the eyes of the innocent victims that take up reading them.
Here is the CBO study you cite:
Characteristics of minimum wage workers, 2015 : BLS Reports: U.S. Bureau of Labor Statistics
It directly contradicts your claim that MW raises would not increase (real, inflation adjusted) income for low income brakets and would not reduce income gap.
Yes, $10 MW would be expected to cost some jobs and we do have safety net to help those people out but it would also help lift 16 million people out of poverty.
We had $10 (real $2015) minimum wage in the 60's, it was done and it works.
A major flaw in the above chart is the comparison with workers with "families".
Yes, $10 MW would be expected to cost some jobs and we do have safety net to help those people out but it would also help lift 16 million people out of poverty.
We had $10 (real $2015) minimum wage in the 60's, it was done and it works.
A major flaw in the above chart is the comparison with workers with "families".
No there isn't, there is nothing about household data minimum wage effects that is different from individual worker. A lot of "households" are actually single filings.
The rest of what you said is irrelevant.
Yes minimum wage pays low income more than pure free market would - THAT IS THE WHOLE POINT.
Yes, $10 MW would be expected to cost some jobs and we do have safety net to help those people out but it would also help lift 16 million people out of poverty.
We had $10 (real $2015) minimum wage in the 60's, it was done and it works.
It wouldn't lift anyone out of poverty, that's bullshit.
Yes, $10 MW would be expected to cost some jobs and we do have safety net to help those people out but it would also help lift 16 million people out of poverty.
We had $10 (real $2015) minimum wage in the 60's, it was done and it works.
It wouldn't lift anyone out of poverty, that's bullshit.
I think I'll go with serious studies by economists over your opinion.
These are complex estimates and are a heavy lift, especially for politicaly biased laymen to positively make. Meaning you can maybe criticize something in CBO's studies, but short of that there is no reason to take your word over CBO on this.
What you are proposing is that Minimum Wage is a policy only with downsides and no upsides. That is as spurious on it's face as saying that minimum wage laws have only upsides and no downsides.
Its simple. If one is smart enough to not apply of a minimum wage deal(cuz they ardent real jobs), then one doesn't make 8 lousy measely bucks an hour. If businesses struggle to fill them which would be a good thing, then everyone wins.
These are complex estimates and are a heavy lift, especially for politicaly biased laymen to positively make. Meaning you can maybe criticize something in CBO's studies, but short of that there is no reason to take your word over CBO on this.
McDonald's is striding into the 21st century with the rollout of the "Create Your Taste" touchscreen kiosks, on which custom burgers can be built as well as full-menu ordering.
These are complex estimates and are a heavy lift, especially for politicaly biased laymen to positively make. Meaning you can maybe criticize something in CBO's studies, but short of that there is no reason to take your word over CBO on this.
The CBO can only calculate based on known variables. They cannot predict the unknown. That's always the problem with CBO estimates. They are certainly NOT complex estimates or a heavy lift. They are simple estimates based on static data available and nothing more. Predictions made in a vacuum are worthless because we obviously don't live in a vacuum.
These are complex estimates and are a heavy lift, especially for politicaly biased laymen to positively make. Meaning you can maybe criticize something in CBO's studies, but short of that there is no reason to take your word over CBO on this.
The CBO can only calculate based on known variables. They cannot predict the unknown. That's always the problem with CBO estimates. They are certainly NOT complex estimates or a heavy lift. They are simple estimates based on static data available and nothing more. Predictions made in a vacuum are worthless because we obviously don't live in a vacuum.
These are complex estimates and are a heavy lift, especially for politicaly biased laymen to positively make. Meaning you can maybe criticize something in CBO's studies, but short of that there is no reason to take your word over CBO on this.
The CBO can only calculate based on known variables. They cannot predict the unknown. That's always the problem with CBO estimates. They are certainly NOT complex estimates or a heavy lift. They are simple estimates based on static data available and nothing more. Predictions made in a vacuum are worthless because we obviously don't live in a vacuum.
...you aren't saying you can predict the unknown...are you?
They are not "simple" and they are not "static" and they are in "vacuum", you don't know what you are talking about.
You have not given a single reason why your political conclusions should be preferred over serious studies by professional economists.
No, I can predict what we know is going to happen. The CBO is wrong about more than they are right
This happens with programs as well... like Obamacare. The CBO claimed it would save $10 trillion over 10 years.
For instance, the CBO estimated the Reagan tax cuts would cost us nearly a trillion dollars in tax revenues... why? Because they calculated based on the current tax revenues and trends for the last 5 years and they did not factor increased number of jobs and taxpayers which were the results of the tax cuts. Instead of costing us nearly a trillion dollars, the Reagan tax cut actually generated 40% MORE revenue.
