While I do support minimum wages, and the latest Census report does show income for the bottom half improving slightly:Stop spreading the of-repeated lie, disproven with every minimum wage increase that hasn't hurt employment or the economy, that increasing pay kills jobs. There have been several increases in the minimum wage (but a horrifically long gap in it going up over a couple decades), and not once has this triggered an economic downturn.
Stop spreading the of-repeated lie, disproven with every minimum wage increase that hasn't hurt employment or the economy, that increasing pay kills jobs. There have been several increases in the minimum wage (but a horrifically long gap in it going up over a couple decades), and not once has this triggered an economic downturn.
https://www.dol.gov/featured/minimum-wage/mythbuster
Seattle recently started a significant increase in the minimum wage that will eventually hit $15/hour over a couple of years. The effect on the city's economy and jobs? Not much, actually doing a little better. https://www.washingtonpost.com/post...at-its-supposed-to-do/?utm_term=.ba702cae11d2
Stop spreading the of-repeated lie, disproven with every minimum wage increase that hasn't hurt employment or the economy, that increasing pay kills jobs. There have been several increases in the minimum wage (but a horrifically long gap in it going up over a couple decades), and not once has this triggered an economic downturn.
https://www.dol.gov/featured/minimum-wage/mythbuster
Seattle recently started a significant increase in the minimum wage that will eventually hit $15/hour over a couple of years. The effect on the city's economy and jobs? Not much, actually doing a little better. https://www.washingtonpost.com/post...at-its-supposed-to-do/?utm_term=.ba702cae11d2
So why don't we just make minimum wage $100 an hour?
Sent from my iPhone using Tapatalk
Stop spreading the of-repeated lie, disproven with every minimum wage increase that hasn't hurt employment or the economy, that increasing pay kills jobs. There have been several increases in the minimum wage (but a horrifically long gap in it going up over a couple decades), and not once has this triggered an economic downturn.
https://www.dol.gov/featured/minimum-wage/mythbuster
Seattle recently started a significant increase in the minimum wage that will eventually hit $15/hour over a couple of years. The effect on the city's economy and jobs? Not much, actually doing a little better. https://www.washingtonpost.com/post...at-its-supposed-to-do/?utm_term=.ba702cae11d2
Let's pay everybody $100 an hour and solve the poverty problem immediately. We'll all be rich!
So why don't we just make minimum wage $100 an hour?
Stop spreading the of-repeated lie, disproven with every minimum wage increase that hasn't hurt employment or the economy, that increasing pay kills jobs. There have been several increases in the minimum wage (but a horrifically long gap in it going up over a couple decades), and not once has this triggered an economic downturn.
https://www.dol.gov/featured/minimum-wage/mythbuster
Seattle recently started a significant increase in the minimum wage that will eventually hit $15/hour over a couple of years. The effect on the city's economy and jobs? Not much, actually doing a little better. https://www.washingtonpost.com/post...at-its-supposed-to-do/?utm_term=.ba702cae11d2
Got an coupe of threads on this already.
Seattle's Wage Hike Not Working
Minimum wage goes up, jobs go bye-bye.
In the markets we have, it would seem to make sense that when the wage hikes is instituted, businesses react to this increase in cost of doing business. The most common sense response would be to let some people go, and cut the hours back on others, perhaps doing more themselves.
These two thread above would seem to support this conclusion.
I think TANSTAAFL applies here.
Let's pay everybody $100 an hour and solve the poverty problem immediately. We'll all be rich!
The answer is that we will, when inflation makes $100 an hour a minimum to live on. Minimum wages keep corporations from sponging on the Govt. to maintain their employees. Do you think Govt. should make up the difference between wages and what is needed to live?
You assume every company is in a position to absorb these added costs. That is absurd even by liberal standards. ( liberals tend to be a little ignorant when it comes to the basics of business).
The Governement IS in a position to handle these expenses and these costs are paid for mostly" rich fat cats" ( since they pay most of the ferdeal income teaxes) , which should warm the hearts of liberals.
So as a conservative you support corporate welfare? Or what could also be called corporate socialism where profits are privatized while costs are socialized ? That makes you a corporatist not a conservative.
Let's pay everybody $100 an hour and solve the poverty problem immediately. We'll all be rich!
Except they're all bunk, as economists predicted they would be. Actual research studies conducted on Seattle have disproven the notion that higher wages cause job losses. Its time for you to never use those proven false sources ever again.
D.C. restaurants have lost 1,400 jobs in the first half of the year. This loss—the steepest drop since the 2001 recession—follows a significant minimum wage hike.
Data suggests that the D.C. restaurant industry has been unable to absorb the higher cost of labor without reducing employment opportunities. Since mandating a base wage of $10.50 in July 2015 and another increase to $11.50 in July 2016, D.C. has seen employment in the restaurant industry trend downward, for a 3 percent job loss in 2016.
“Cities and states around the country that are considering a hike in their minimum wages to $15 an hour might want to take a look at how that’s working out in the nation’s capitol,” writes Mark Perry of the American Enterprise Institute.
Minimum Wage Increase Puts 1,400 D.C. Restaurant Employees Out of Work
Although the ordinance appears to have boosted wages for the city’s lowest-paid workers, the benefits of the increase may have been partly offset by fewer hours worked per person and slightly less overall employment, the Seattle Minimum Wage Study research team found. Estimated income gains for the average worker were modest – on the order of a few dollars a week – and sensitive to methodological choices.
The City of Seattle passed its $15 minimum wage ordinance in June of 2014, and that December commissioned the UW team to conduct a five-year study of the law’s impacts. The ongoing research is led by professors Jacob Vigdor and Mark Long with Jennifer Romich, associate professor in the UW School of Social Work, and other co-authors from the Evans School, the School of Public Health and the Washington Employment Security Department.
The team presented its findings in an update to the council this morning (July 25).
The ordinance took effect April 1, 2015, raising the minimum hourly wage from $9.47 to $11. Under the law, businesses with fewer than 500 employees are scheduled to reach the $15 an hour wage in 2021. Employers with 500 or more employees, either in Seattle or nationally, will reach that level in three years, or 2017.
Minimum Wage Study: Effects of Seattle wage hike modest, may be overshadowed by strong economy
Raising the minimum wage is one of those wonderful-sounding ideas that, whenever tried, unfortunately never quite works the way it was promised. To its credit, the Washington Post has noticed.
The Post recently highlighted a new study from a group of economists who were commissioned by the city of Seattle to look at that city's minimum wage hike from $9.96 an hour to $11.14 an hour. What they found was enlightening.
To begin with, the economists said, some of the workers weren't helped at all, since their pay would have likely gone up anyway with experience and tenure on the job.
But the city didn't bargain for what happened to other workers it had sought to help: "Although workers were earning more, fewer of them had a job than would have without an increase," the Post said. "Those who did work had fewer hours than they would have without the wage hike."
Indeed, depending how it's calculated, the economists found that the minimum wage hike that sounded so generous when passed resulted in somewhere between a $5.54 a week raise and a $5.22 a week reduction in pay.
The Bitter Lesson From Seattle's Minimum Wage Hike
Stop spreading the of-repeated lie, disproven with every minimum wage increase that hasn't hurt employment or the economy, that increasing pay kills jobs. There have been several increases in the minimum wage (but a horrifically long gap in it going up over a couple decades), and not once has this triggered an economic downturn.
https://www.dol.gov/featured/minimum-wage/mythbuster
Seattle recently started a significant increase in the minimum wage that will eventually hit $15/hour over a couple of years. The effect on the city's economy and jobs? Not much, actually doing a little better. https://www.washingtonpost.com/post...at-its-supposed-to-do/?utm_term=.ba702cae11d2
Let's pay everybody $100 an hour and solve the poverty problem immediately. We'll all be rich!
Let's pay everybody $100 an hour and solve the poverty problem immediately. We'll all be rich!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?