The lie that when wages go up,jobs go down

[Preacher]

Column: The claim that if wages go up, jobs will go down is not a theory -- it's a scam

The results were clear: Of the nearly two dozen federal minimum wage hikes since 1938, total year-over-year employment actually increased 68 percent of the time.

Simple facts folks....its just MORE scare tactics by the RICH and regurgitated by their simpletons on the right.

 

[Preacher]

How could self-respecting economists suggest that an increase in the minimum wage might encourage job growth and hiring? Well, first of all, there’s what economist Michael Reich calls “income effect”: People on the minimum wage tend to spend everything they earn. Increases in the minimum wage thus flow back into the economy (again, like the tide flowing upstream), generating increased demand, which in turn increases hiring and investment. It is a basic principle of capitalism that when workers have more money, businesses have more customers, and when businesses have more customers, they hire more workers. This income effect may not have left a large mark on the historical data, because historically, most minimum wage increases have been relatively small. But it is real and should be taken into account. And in an era of depressed demand and consumer spending, as we are now, higher wages are exactly what our economy needs.

 

[hadit]

You do know, don't you, that only by keeping the MW low enough that it's sustainable, right? Keep raising it slowly and by small increments and there's no immediate negative effects. Over time, however, they accumulate and are felt. Ever wonder why you don't have a teenager run out to pump your gas, check your tires, water and oil any more?

Here's a clue. Notice that the MW continually increases, because inflation always eats it.

 

[PurpleOwl]

wtf aren't you a nazi?

 

[IcebergSlim]

You do know, don't you, that only by keeping the MW low enough that it's sustainable, right? Keep raising it slowly and by small increments and there's no immediate negative effects. Over time, however, they accumulate and are felt. Ever wonder why you don't have a teenager run out to pump your gas, check your tires, water and oil any more?

Here's a clue. Notice that the MW continually increases, because inflation always eats it.

WTF?

Odium is nailing it.....complete with CREDIBLE citations......

and you are responding with pixilated pablum...

Are you, by any chance, a Recidivist Supply Side Voting Imbecile?

 

[IcebergSlim]

You do know, don't you, that only by keeping the MW low enough that it's sustainable, right? Keep raising it slowly and by small increments and there's no immediate negative effects. Over time, however, they accumulate and are felt. Ever wonder why you don't have a teenager run out to pump your gas, check your tires, water and oil any more?

Here's a clue. Notice that the MW continually increases, because inflation always eats it.

I'm thinking that the reason you don't have "teenagers running out to pump gas" is that

a) more teens are staying in school later

b) they would do so as a complement to their principal function - as apprentice mechanics in the attached garage...

but few gas stations continue to operate full service garages.....kids who want to go into that business need more formal training and certification, and when done, go to dealers, where the money is much better.

 

[IcebergSlim]

What are the odds, that if I go back into the archives, that I will find a post from hadit bitching about the pace of wage growth?


Anyone?

 

[Mikeoxenormous]

You do know, don't you, that only by keeping the MW low enough that it's sustainable, right? Keep raising it slowly and by small increments and there's no immediate negative effects. Over time, however, they accumulate and are felt. Ever wonder why you don't have a teenager run out to pump your gas, check your tires, water and oil any more?

Here's a clue. Notice that the MW continually increases, because inflation always eats it.

I'm thinking that the reason you don't have "teenagers running out to pump gas" is that

a) more teens are staying in school later

b) they would do so as a complement to their principal function - as apprentice mechanics in the attached garage...

but few gas stations continue to operate full service garages.....kids who want to go into that business need more formal training and certification, and when done, go to dealers, where the money is much better.

Notice that there aren't any baggers at the grocery stores especially at the self checkout areas? Why would anyone want to self checkout, when you can wait in long lines having a MW employee to scan your items?
But what is going to really put a boot up the ass of liberals is the article below, and it is really interesting that San Fran Sicko, the home of the bastion of liberalism, would be working against those little peon voters, like Iceberg and Floozy Owl. Fast-Food Workers Could Face Robot 'Armageddon' | The Huffington Post

Momentum Machines of San Francisco has invented a fully-automated contraption that can grind meat, slice tomatoes, grill patties, wrap fully cooked burgers and do pretty much anything else human fast-food workers can do. The machine is capable of cranking out 360 burgers per hour, according to Momentum Machines’ website.

Such stupid people who vote for the same people who want to keep you poor dumbocrats. You walk into a McD's and 1 out of 3 times the order will be wrong.

 

[IcebergSlim]

You do know, don't you, that only by keeping the MW low enough that it's sustainable, right? Keep raising it slowly and by small increments and there's no immediate negative effects. Over time, however, they accumulate and are felt. Ever wonder why you don't have a teenager run out to pump your gas, check your tires, water and oil any more?

Here's a clue. Notice that the MW continually increases, because inflation always eats it.

I'm thinking that the reason you don't have "teenagers running out to pump gas" is that

a) more teens are staying in school later

b) they would do so as a complement to their principal function - as apprentice mechanics in the attached garage...

but few gas stations continue to operate full service garages.....kids who want to go into that business need more formal training and certification, and when done, go to dealers, where the money is much better.

Notice that there aren't any baggers at the grocery stores especially at the self checkout areas? Why would anyone want to self checkout, when you can wait in long lines having a MW employee to scan your items?
But what is going to really put a boot up the ass of liberals is the article below, and it is really interesting that San Fran Sicko, the home of the bastion of liberalism, would be working against those little peon voters, like Iceberg and Floozy Owl. Fast-Food Workers Could Face Robot 'Armageddon' | The Huffington Post

Momentum Machines of San Francisco has invented a fully-automated contraption that can grind meat, slice tomatoes, grill patties, wrap fully cooked burgers and do pretty much anything else human fast-food workers can do. The machine is capable of cranking out 360 burgers per hour, according to Momentum Machines’ website.

Such stupid people who vote for the same people who want to keep you poor dumbocrats. You walk into a McD's and 1 out of 3 times the order will be wrong.

Why would you have a bagger at a self check out?

What makes you such an incomparable imbecile?

 

[hadit]

What are the odds, that if I go back into the archives, that I will find a post from hadit bitching about the pace of wage growth?


Anyone?

Go for it. I'll wait.

 

[hadit]

You do know, don't you, that only by keeping the MW low enough that it's sustainable, right? Keep raising it slowly and by small increments and there's no immediate negative effects. Over time, however, they accumulate and are felt. Ever wonder why you don't have a teenager run out to pump your gas, check your tires, water and oil any more?

Here's a clue. Notice that the MW continually increases, because inflation always eats it.

I'm thinking that the reason you don't have "teenagers running out to pump gas" is that

a) more teens are staying in school later

Baloney. Ever hear of weekends and summer?

b) they would do so as a complement to their principal function - as apprentice mechanics in the attached garage...

Nope, they would do it to earn some money, get valuable generic work skills and work history.

but few gas stations continue to operate full service garages.....kids who want to go into that business need more formal training and certification, and when done, go to dealers, where the money is much better.

So, IOW, you're saying that the cost of hiring said teenagers is HIGHER than the cost of putting in self serve pumps and making drivers responsible for their own water, tires, and oil. That's the point, and the MW is part of that higher cost.

 

[AntonToo]

Michael Reich calls “income effect”: People on the minimum wage tend to spend everything they earn. Increases in the minimum wage thus flow back into the economy (again, like the tide flowing upstream), generating increased demand, which in turn increases hiring and investment.


Minimum wage increases producing so much demand as to offset their full cost to business is about as credible as self-financing tax cuts.

Yea there is going to be some effect, but it's a poor augment in itself to support minimum wage raises.

 

[Darkwind]

Column: The claim that if wages go up, jobs will go down is not a theory -- it's a scam

The results were clear: Of the nearly two dozen federal minimum wage hikes since 1938, total year-over-year employment actually increased 68 percent of the time.

Simple facts folks....its just MORE scare tactics by the RICH and regurgitated by their simpletons on the right.

Please provide the $ amounts of each increase since 1938, and what percent increase it was based upon the wage at the time of increase.

I'll check back later to see if you were able to find out.

 

[teapartysamurai]

Typical PBS left wing pablum and we are supposed to buy it.

 

[Wyatt earp]

How could self-respecting economists suggest that an increase in the minimum wage might encourage job growth and hiring? Well, first of all, there’s what economist Michael Reich calls “income effect”: People on the minimum wage tend to spend everything they earn. Increases in the minimum wage thus flow back into the economy (again, like the tide flowing upstream), generating increased demand, which in turn increases hiring and investment. It is a basic principle of capitalism that when workers have more money, businesses have more customers, and when businesses have more customers, they hire more workers. This income effect may not have left a large mark on the historical data, because historically, most minimum wage increases have been relatively small. But it is real and should be taken into account. And in an era of depressed demand and consumer spending, as we are now, higher wages are exactly what our economy needs.

It looks good on paper

But if you lived in the real world


They just buy bud lights instead of natural lights

Marlboros instead of generic


And more crap made by the Chinese at Walmart



.

 

[Wyatt earp]

Column: The claim that if wages go up, jobs will go down is not a theory -- it's a scam

The results were clear: Of the nearly two dozen federal minimum wage hikes since 1938, total year-over-year employment actually increased 68 percent of the time.

Simple facts folks....its just MORE scare tactics by the RICH and regurgitated by their simpletons on the right.

Please provide the $ amounts of each increase since 1938, and what percent increase it was based upon the wage at the time of increase.

I'll check back later to see if you were able to find out.

Just look at the the last three times it was raised unemployment went up..



.

 

[AntonToo]

Column: The claim that if wages go up, jobs will go down is not a theory -- it's a scam

The results were clear: Of the nearly two dozen federal minimum wage hikes since 1938, total year-over-year employment actually increased 68 percent of the time.

Simple facts folks....its just MORE scare tactics by the RICH and regurgitated by their simpletons on the right.

Please provide the $ amounts of each increase since 1938, and what percent increase it was based upon the wage at the time of increase.

I'll check back later to see if you were able to find out.

Just look at the the last three times it was raised unemployment went up..
.

Unemployment is 4.5%, what are you talking about?

 

[Preacher]

Typical PBS left wing pablum and we are supposed to buy it.

You are more than welcome to try and debunk it.

 

[Edgetho]

Column: The claim that if wages go up, jobs will go down is not a theory -- it's a scam

The results were clear: Of the nearly two dozen federal minimum wage hikes since 1938, total year-over-year employment actually increased 68 percent of the time.

Simple facts folks....its just MORE scare tactics by the RICH and regurgitated by their simpletons on the right.

From PMS......

Wow, that's a really good, solid source

 

[dblack]

Column: The claim that if wages go up, jobs will go down is not a theory -- it's a scam

The results were clear: Of the nearly two dozen federal minimum wage hikes since 1938, total year-over-year employment actually increased 68 percent of the time.

Simple facts folks....its just MORE scare tactics by the RICH and regurgitated by their simpletons on the right.

Still working this one, eh?