What would happen to the economy if minimum wages are raised?

[EdwardBaiamonte]

like what? solving for simple poverty on an at-will basis?

what does it mean to solve for poverty on at-will basis? Is this strange English or what?

 

[danielpalos]

like what? solving for simple poverty on an at-will basis?

what does it mean to solve for poverty on at-will basis? Is this strange English or what?

it only seems strange if you have lousy reading comprehension.

it means we don't need as much welfare, as we currently know it.

 

[Wyatt earp]

Raining the MW is socializing costs and artificially inflating then to boot

no, it isn't. it is privatizing costs since the People will be spending their own money.

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

I always think it must suck to be you, always wanting what some one else has. What someone makes never crosses my mind.

 

[Wyatt earp]

like what? solving for simple poverty on an at-will basis?

what does it mean to solve for poverty on at-will basis? Is this strange English or what?

it only seems strange if you have lousy reading comprehension.

it means we don't need as much welfare, as we currently know it.

End welfare...then they will get job.

.

 

[danielpalos]

no, it isn't. it is privatizing costs since the People will be spending their own money.

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

I always think it must suck to be you, always wanting what some one else has. What someone makes never crosses my mind.

equal protection of the law?

 

[danielpalos]

like what? solving for simple poverty on an at-will basis?

what does it mean to solve for poverty on at-will basis? Is this strange English or what?

it only seems strange if you have lousy reading comprehension.

it means we don't need as much welfare, as we currently know it.

End welfare...then they will get job.

.

only the right wing is that, fantastical. how well did your advice work during the Great Depression?

capitalism, dear; died in 1929.

 

[Skull Pilot]

No it is an artificial inflation of pay which will result in a very ral increase in costs across the board as well as the decline of the purchasing power of everyone already making 15 an hour or above

The average hourly wage in almost ever sector is already above 15 an hour so a drastic MW hike would reduce the purchasing power of more people than it would increase
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

I always think it must suck to be you, always wanting what some one else has. What someone makes never crosses my mind.

equal protection of the law?

What does someone getting aid more than you have to do with equal protection under the law?

Oh yeah, nothing

 

[danielpalos]

only in the short run; in the long run, it will "increase the size of the pie" through a positive multiplier effect.

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

I always think it must suck to be you, always wanting what some one else has. What someone makes never crosses my mind.

equal protection of the law?

What does someone getting aid more than you have to do with equal protection under the law?

Oh yeah, nothing

employment at will.

 

[Skull Pilot]

No it won't.
Artificially high pay drains the economy. The only multiplier will be the increase in cost for absolutely everything across the board

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

I always think it must suck to be you, always wanting what some one else has. What someone makes never crosses my mind.

equal protection of the law?

What does someone getting aid more than you have to do with equal protection under the law?

Oh yeah, nothing

employment at will.

All employment is employment at will

you don't seem to understand that the employer not the employee owns the job

 

[hadit]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

 

[EdwardBaiamonte]

capitalism, dear; died in 1929.

capitalism is when there is little govt intervention not when there is massive govt intervention like in 1929.

Bernanke is world's expert. He said " we[federal govt] did it[cause Great Depression], and we won't let it happen again"

 

[danielpalos]

Yes, it will. That is why no one takes the right wing seriously about economics. Why do CEOs have the highest pay in the world?

A positive multiplier effect grows the "size of the pie".

It really is that simple, except to the fantastical right wing, stuck in pre-WWII Germany for their economic models.

I always think it must suck to be you, always wanting what some one else has. What someone makes never crosses my mind.

equal protection of the law?

What does someone getting aid more than you have to do with equal protection under the law?

Oh yeah, nothing

employment at will.

All employment is employment at will

you don't seem to understand that the employer not the employee owns the job

you don't seem to understand that the law is the same regarding employment at will.

 

[danielpalos]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

 

[Skull Pilot]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Arbitrary salary increases will not do that.

All that will happen is that costs across the board will go up while most people's incomes will not thereby resulting in a decrease in purchasing power, less demand for products and services produced by lower paying industries and less demand for those industries means less employment in those industries

 

[danielpalos]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Arbitrary salary increases will not do that.

All that will happen is that costs across the board will go up while most people's incomes will not thereby resulting in a decrease in purchasing power, less demand for products and services produced by lower paying industries and less demand for those industries means less employment in those industries

it is not arbitrary or capricious, like charity.

A minimum wage that competes favorably with the cost of social services is simply, more rational for rational choice theory purposes.

 

[Skull Pilot]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Arbitrary salary increases will not do that.

All that will happen is that costs across the board will go up while most people's incomes will not thereby resulting in a decrease in purchasing power, less demand for products and services produced by lower paying industries and less demand for those industries means less employment in those industries

it is not arbitrary or capricious, like charity.

A minimum wage that competes favorably with the cost of social services is simply, more rational for rational choice theory purposes.

You assume everyone working for less than 15 an hour is receiving some sort of welfare. That's simply untrue

 

[hadit]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Baloney. You might as well try to eliminate poverty by raising the MW to $100/hr overnight. We will never do that because it is beyond obvious that most jobs would disappear. Thus, there is a limit beyond which you can't impose an artificial wage increase without negative impact.

 

[danielpalos]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Arbitrary salary increases will not do that.

All that will happen is that costs across the board will go up while most people's incomes will not thereby resulting in a decrease in purchasing power, less demand for products and services produced by lower paying industries and less demand for those industries means less employment in those industries

it is not arbitrary or capricious, like charity.

A minimum wage that competes favorably with the cost of social services is simply, more rational for rational choice theory purposes.

You assume everyone working for less than 15 an hour is receiving some sort of welfare. That's simply untrue

i am saying social services cost around fourteen dollars an hour by comparison, according to some estimates. It is the rationale for a fifteen dollar an hour minimum wage, to induce labor to work instead of apply for social services.

 

[Skull Pilot]

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Arbitrary salary increases will not do that.

All that will happen is that costs across the board will go up while most people's incomes will not thereby resulting in a decrease in purchasing power, less demand for products and services produced by lower paying industries and less demand for those industries means less employment in those industries

it is not arbitrary or capricious, like charity.

A minimum wage that competes favorably with the cost of social services is simply, more rational for rational choice theory purposes.

You assume everyone working for less than 15 an hour is receiving some sort of welfare. That's simply untrue

i am saying social services cost around fourteen dollars an hour by comparison, according to some estimates. It is the rationale for a fifteen dollar an hour minimum wage, to induce labor to work instead of apply for social services.

And not everyone making less that that receives social services.

 

[danielpalos]

There's a rather simple answer to this.

Person A makes $9.50 an hour. Person B makes $14 an hour. Person C makes $25 an hour.

Person A Gross Pay = $380
Person B Gross Pay = $560
Person C Gross Pay = $1000.

Person A will get a $4.50/hour raise, persons B&C will get a $0.00/hour raise while prices double. So more people will be making minimum wage than ever. Nearly 50% of the population actually. I barely know anyone who makes more than $14 an hour...

62% of American workers make $20/hr or less. All of them will demand a raise if the MW is jacked to $15/hr. Does anyone with an IQ above room temperature think their would be no negative effects from such an event?

yes, our standard of living will go up and we will be privatizing costs not socializing costs.

Baloney. You might as well try to eliminate poverty by raising the MW to $100/hr overnight. We will never do that because it is beyond obvious that most jobs would disappear. Thus, there is a limit beyond which you can't impose an artificial wage increase without negative impact.

So what if most jobs disappear. The left has a solution not merely a fossil plan from the fossil record, like the right with their insistence on sinking more costs into fossil fuels, instead of advancing fusion (an energy with a future).

A more efficient economy can simply compensate unemployed labor for Capitalism's natural rate of unemployment, through unemployment compensation on an at-will basis in our at-will employment States.