It's one guy (David Neumark), he's taken quite a bit of criticism, and the whole side he favors has been losing ground for 20 years.Take it up with those guys.
LOL! You deny that prices of virtually all goods tend to be in a constant state of flux? Didn't the failure of Nixon's wage-price controls teach you anything?So your source is an appeal to authority, hate to break it to you but in the real world that's a fallacy not a source.
The more than half of that group who are 20-24 are NOT TEENAGERS. Neither is anybody aged 25 and over. Teenagers are teenagers. That's all. Nobody else.But half of them are 16-24.
So what? 77% of people who work for minimum wage are still NOT TEENAGERS.Not to mention, we are currently at the lowest teenage employment in 50 years, so even so that is artificially low.
And if my restaurant burns to the ground, I won't have any busboys at all for a while. You simply fail to understand business economics at all. What does the pizza delivery joint do when the price of gasoline goes up by 10%? Drive 90% of the way to the customer's house and then leave the pizza on the curb? Probably not. Gasoline is a necessary input to a pizza delivery joint just as busboys are to a restaurant. It doesn't matter how the price goes up or down. Demand remains the same. This is the definition of price-inelasticity.Already been over this, if your prices increase as a result of minimum wage increases and as a result you have less costumers shopping at your business, then suddenly your number of required busboys might go down from 3 to 2.
Really? The fact that people have only half as much income to spend isn't going to enter into this somehow? I think a return to the drawing board may be in order.That is fine too. I working adult per household and wages will double.
See the words "based on" and what follows. Even medical practitioners need a basic command of English, you know.
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The more than half of that group who are 20-24 are NOT TEENAGERS. Neither is anybody aged 25 and over. Teenagers are teenagers. That's all. Nobody else.
So what? 77% of people who work for minimum wage are still NOT TEENAGERS.
And if my restaurant burns to the ground, I won't have any busboys at all for a while. You simply fail to understand business economics at all. What does the pizza delivery joint do when the price of gasoline goes up by 10%? Drive 90% of the way to the customer's house and then leave the pizza on the curb? Probably not. Gasoline is a necessary input to a pizza delivery joint just as busboys are to a restaurant. It doesn't matter how the price goes up or down. Demand remains the same. This is the definition of price-inelasticity.
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It's one guy (David Neumark), he's taken quite a bit of criticism, and the whole side he favors has been losing ground for 20 years.
The Economist
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See the words "based on" and what follows. Even medical practitioners need a basic command of English, you know.
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Even if that were true, you would merely be running away from the point, rather than responding to it in any meaningful way. You are meanwhile still stuck in completely bogus understandings of low-wage labor markets.That's because pizza delivery guys usually have to pay for their own gas.
Of course you will. It's dredged-up drivel that substantiates no relevant point at all, but it's still the best you've got.I'll repeat this point again.
Even if that were true, you would merely be running away from the point, rather than responding to it in any meaningful way. You are meanwhile still stuck in completely bogus understandings of low-wage labor markets.
Of course you will. It's dredged-up drivel that substantiates no relevant point at all, but it's still the best you've got.
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LOL! That's been covered already, and you're j-u-u-u-u-s-t a little bit behind the times. The 80% number comes from the "old days" -- that bygone era of two decades and more ago now that existed before your side began slowly sinking in the west. Card and Krueger put a torpedo amidships in the 90's and Dube and Reich put the finishing touches on things in 2007 and again in 2010. You're still stuck with determined-to-go-down-with-the-ship David Neumark. Once again, a poor choice on your part.You mean the 80% or so of economists who agree that there is a correlation between the minimum wage and unemployment?
LOL!!! Got grammar? The only appearance of "and/or" in Rule #20 defines the status of "violence" and "prejudicial actions" as equal objects of the verb "incite". All such inciting as well as any ridiculing, debasing, degrading, or intimidating must be based on race, gender (including transgendered), ethnicity, national origin, religion, sexual orientation, or disability to run afoul of the rule. Only too happy to explain such things to you.Perhaps you missed the part where the words "based on" came after the words "and/or" indicating that they are separate statements.
The point is your complete misunderstanding and mischaracterization of low-wage labor markets. To try and hide behind the meaningless notion that some pizza delivery joints make their drivers pay for gas is to run, run, run away from that point. You don't have the courage to confront the point because you know full well that the only way to address it frankly is simply to admit that all of your claims to date have been just as completely bunged up as I have been indicating.Its not running away from the point, I'm shooting down your silly hypothetical situation.
More pure fluff. If you can't understand the concept of price-inelasticity of demand, you don't belong anywhere near a discussion of economic issues. Fourth graders should sooner be doing heart transplants.And you'll just keep trying to talk above my head to hide from the fact that you don't have a counter argument.
You mean the 80% or so of economists who agree that there is a correlation between the minimum wage and unemployment?
And you'll just keep trying to talk above my head to hide from the fact that you don't have a counter argument.
The point is your complete misunderstanding and mischaracterization of low-wage labor markets. To try and hide behind the meaningless notion that some pizza delivery joints make their drivers pay for gas is to run, run, run away from that point. You don't have the courage to confront the point because you know full well that the only way to address it frankly is simply to admit that all of your claims to date have been just as completely bunged up as I have been indicating.
More pure fluff. If you can't understand the concept of price-inelasticity of demand, you don't belong anywhere near a discussion of economic issues. Fourth graders should sooner be doing heart transplants.
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LOL! That's been covered already, and you're j-u-u-u-u-s-t a little bit behind the times. The 80% number comes from the "old days" -- that bygone era of two decades and more ago now that existed before your side began slowly sinking in the west. Card and Krueger put a torpedo amidships in the 90's and Dube and Reich put the finishing touches on things in 2007 and again in 2010. You're still stuck with determined-to-go-down-with-the-ship David Neumark. Once again, a poor choice on your part.
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The last two increases -- of 70 cents per hour each time -- were in July 2008 and July 2009.Modest wage increases do not adversely impact employment in the US. There is no data to indicate what happens when you increase minimum wage in a recessionary economy though so it would be uncharted territory.
More worthless weasel-slinking. Address the subject matter for once. Low-wage labor is not a purchase of choice. One does not purchase more of it when the price goes down or less of it when the price goes up. One purchases the minimum quantity that meets one's needs regardless of what its price is. What you have claimed about the matter has all been useless derivative hogwash. DEAL WITH IT.You thought you had an example to prove me wrong, I shot down your example. Even so, if gas prices result in less pizzas demanded due to increases in price, the consumption of gas would still go down, albeit indirectly.
More worthless weasel-slinking. Address the subject matter for once. Low-wage labor is not a purchase of choice. One does not purchase more of it when the price goes down or less of it when the price goes up. One purchases the minimum quantity that meets one's needs regardless of what its price is. What you have claimed about the matter has all been useless derivative hogwash. DEAL WITH IT.
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Thus, our findings here provide evidence for teen workers that is broadly consistent with the positive effects found by Card-Krueger.The Kruger Card study was inheritantly flawed by a statistically insignificant sample size and only looking at fast food joints (an inferior good, which goes up in demand with decreases in overall employment.) The Hofmann Trace study shows how other industries, unemployment went up as predicted.
I love the smell of desperation at the lunch hour! You can't deal with the point. You don't know what your own studies say. Your whole side has been utterly sunk by Dube and Reich. You just don't have a leg left to stand on. Just the worthless weasel-slinking.Debunked example+ debunked study = debunked argument
Thus, our findings here provide evidence for teen workers that is broadly consistent with the positive effects found by Card-Krueger.
-- Saul Hoffman and Diane Trace
See what happens when all you do is run off to wikipedia? And claiming an "insignificant sample size"? What a hoot. We can obviously add statistics to the growing list of things you know nothing about.
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"We find consistent evidence that employment of “at-risk” groups was negatively affected in PA relative to other groups in PA and to comparable groups in NJ."
http://sites.udel.edu/saul-hoffman/files/2011/11/Hoffman_Trace_EEJ.pdf
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