»
Topic: A number of amateur economists would have you believe
Replies: 18   Last Post: Jan 19, 2021, 10:12 PM by: MiuraTiger®
[ General Boards - Politics & Religion ]
Start New Topic
Replies: 18  

A number of amateur economists would have you believe

[1]
Posted: Jan 19, 2021, 4:36 PM
    Reply

that raising the minimum wage will cause higher unemployment. But the actual research tells a different story.

https://www.vox.com/future-perfect/2019/3/19/18271276/alan-krueger-economist-death-minimum-wage-princeton?campaign_id=116&emc=edit_pk_20210119&instance_id=26160&nl=paul-krugman®i_id=63096823&segment_id=49689&te=1&user_id=8e0bbadc86f85a865babbeb7f7f730a3#:~:text=In%20a%20paper%20first%20published,effect%20on%20April%201,%2019

link

I'm not going to believe anything written by

[1]
Posted: Jan 19, 2021, 4:39 PM
    Reply

Kruger

.


.

badge-donor-05yr.jpgbadge-ringofhonor-conservativealex.jpg link


K_UGER.***


Posted: Jan 19, 2021, 5:14 PM
    Reply



2021 orange level memberbadge-donor-10yr.jpgringofhonor-jospehg.jpg link


Re: A number of amateur economists would have you believe

[1]
Posted: Jan 19, 2021, 4:49 PM
    Reply

Seems he was very disappointed in his study.

military_donation.jpg link

The median wage in Mississippi is right at $15/hr

[1]
Posted: Jan 19, 2021, 4:56 PM
    Reply

if will no longer be the median wage after the covid stimulus package is passed and raised the minimum wage to $15/hr.

2021 orange level memberbadge-donor-10yr.jpg link


The Max Comp rate in SC now is $903

[1]
Posted: Jan 19, 2021, 5:32 PM
    Reply

That means the average South Carolinian makes $1355..... roughly per week.

That comes out to $34/hour, roughly.

2021 orange level memberbadge-donor-15yr.jpgringofhonor-tiggity-110.jpg link

Well,


Posted: Jan 19, 2021, 5:12 PM
    Reply

He's dead.

Prolly still voted for Biden.

2021 white level memberbadge-donor-15yr.jpg link


It won't increase unemployment. It will cause inflation in

[2]
Posted: Jan 19, 2021, 5:15 PM
    Reply

things like hamburgers, yard mowing, frame carpentry, and whatever else relies on cheap (usually youth or illegal) labor. So they pay you 30% more to flip a burger. Then you buy a burger that costs 30% more. There's no net gain, or whatever. It's a zero sum game.

Just means everything tied to minimum wage skews upward. And that is something we can't afford actually. Inflation is our enemy, and it's why we have a trade deficit, illegal domestic labor, and no more manufacturing base to speak of. Obama said all the same crap when he was running for office. He inherited a dem congress. It never materialized. It won't with Biden either. Mark my words. And Trump's wall never materialized when he inherited a pub Congress. Same reason.

We're being played.

I visited Switzerland once and ate an $7 Big Mac. Bartender was making $19/hr, which was three times the US rate. BUT, he then had to go buy a $7 big Mac across the street and his lodging, food, everything else is more expensive. So he's lower class in Zermatt, or in Miami where he's from. $19/hr or $5, doesn't matter.


Message was edited by: Tiggity®


2021 orange level memberbadge-donor-15yr.jpgringofhonor-tiggity-110.jpg link

It may not cause unemployment to rise much but it will

[2]
Posted: Jan 19, 2021, 5:19 PM
    Reply

hurt business.

$15 is asinine for a federal rate right now. I could support $10. The minimum wage in Florida right now is $8.65.

2021 orange level memberbadge-donor-10yr.jpgringofhonor-jospehg.jpg link


Denmark disagrees***


Posted: Jan 19, 2021, 5:46 PM
    Reply



2021 orange level memberbadge-donor-10yr.jpg2011_pickem_champ.jpgbadge-ringofhonor-soccerkrzy.jpg link

Cole @ Beach Cole w/ Clemson Hat


Re: Denmark disagrees***

[1]
Posted: Jan 19, 2021, 6:20 PM
    Reply

Denmark is $11.70.

military_donation.jpg link

What's gas prices there?

[1]
Posted: Jan 19, 2021, 6:26 PM
    Reply

$9 per galllon?

badge-donor-05yr.jpg2005_majors_champ.jpgbadge-ringofhonor-xtiger.jpg link


depends......


Posted: Jan 19, 2021, 5:38 PM
    Reply

does it count the computer at the self-checkout line as gainfully employed?

2021 orange level memberbadge-donor-15yr.jpgringofhonor-obed.jpg link


Re: A number of amateur economists would have you believe

[2]
Posted: Jan 19, 2021, 6:34 PM
    Reply

Tobias,

A wage is what someone is willing to pay you based on the skills you bring to the table. Nobody is entitled to a certain wage and I certainly don’t need to pay someone $30k/yr to slop too much mayo on my hamburger.

Here’s the answer for the economically impaired. If you don’t like the wage you’re making, improve yourself and make a higher one. If enough people leave that industry, the wage will go up anyway because of demand. Just be honest and call this the welfare that it is.

2021 orange level member link

Re: A number of amateur economists would have you believe

[1]
Posted: Jan 19, 2021, 6:59 PM
    Reply

The NJ PA study was limited geographically and mostly inconclusive.

2021 orange level member link

where do you think the extra $$$ to pay higher wages comes


Posted: Jan 19, 2021, 7:30 PM
    Reply

from? It's like raising corporate taxes! THe companies are not going to eat that cost! They pass it down to you! Everything will cost more and guess what!? People will want the minimum wage to be increased to pay for it!

And yes, jobs will be lost because larger corporations will just not hire or find ways to reduce employees.

Perhaps half the country doesn't really care because they're the parasites that want a hand out!

2021 white level memberbadge-donor-05yr.jpg link


Re: A number of amateur economists would have you believe

[2]
Posted: Jan 19, 2021, 7:46 PM
    Reply

Unbelievable you cite an article where the first paragraph talks about the guy for which they are extoling virtues killed himself.

Good gosh.

Anyway, if $15 is good, why not $25? Or, $17.50? Or whatever. These people have no idea what they are doing.

But it is clear optics are more important to Democrats than anything else...to keep the sheep believing they are so much more giving and loving than the deplorables. When in fact, small businesses will indeed be put out of business. You can't just increase salary expenses by 20, 30, 40% and expect no problems. In the real world, profit = revenue - expenses matters.

link

Re: A number of amateur economists would have you believe


Posted: Jan 19, 2021, 10:02 PM
    Reply

Amateur economists vs professional ones - who to believe ??

link

Re: A number of amateur economists would have you believe


Posted: Jan 19, 2021, 10:12 PM
    Reply

Tobias, quit while you're ahead. You're wrong. Krueger is dead, as is his theory!

military_donation.jpg link

Replies: 18  

TIGER TICKETS

FB GAME: Season Tickets
FOR SALE: TDO - Row G - Seats 2,4,6 - on the aisle - 2nd row behind the portal - easy access to concessions, r...

Buy or Sell CU Tickets and More in Tiger Tickets!

[ General Boards - Politics & Religion ]
Start New Topic
573 people have read this post