Orange Blooded [3040]
TigerPulse: 79%
Posts: 6656
Joined: 1/4/17
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All-In [43608]
TigerPulse: 100%
Posts: 40663
Joined: 9/5/02
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I'm not going to believe anything written by
[1]
Posted: Jan 19, 2021, 4:39 PM
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Kruger
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CU Medallion [58752]
TigerPulse: 100%
Posts: 71155
Joined: 11/29/99
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K_UGER.***
Posted: Jan 19, 2021, 5:14 PM
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Orange Blooded [2427]
TigerPulse: 84%
Posts: 3023
Joined: 11/2/15
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Re: A number of amateur economists would have you believe
[1]
Posted: Jan 19, 2021, 4:49 PM
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Seems he was very disappointed in his study.
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All-In [31829]
TigerPulse: 100%
Posts: 37274
Joined: 11/30/98
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The median wage in Mississippi is right at $15/hr
[1]
Posted: Jan 19, 2021, 4:56 PM
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if will no longer be the median wage after the covid stimulus package is passed and raised the minimum wage to $15/hr.
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CU Medallion [72091]
TigerPulse: 100%
Posts: 52937
Joined: 7/13/02
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The Max Comp rate in SC now is $903
[1]
Posted: Jan 19, 2021, 5:32 PM
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That means the average South Carolinian makes $1355..... roughly per week.
That comes out to $34/hour, roughly.
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All-In [33311]
TigerPulse: 100%
Posts: 24372
Joined: 11/15/99
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Well,
Posted: Jan 19, 2021, 5:12 PM
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He's dead.
Prolly still voted for Biden.
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CU Medallion [72091]
TigerPulse: 100%
Posts: 52937
Joined: 7/13/02
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It won't increase unemployment. It will cause inflation in
[2]
Posted: Jan 19, 2021, 5:15 PM
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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®
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CU Medallion [58752]
TigerPulse: 100%
Posts: 71155
Joined: 11/29/99
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It may not cause unemployment to rise much but it will
[2]
Posted: Jan 19, 2021, 5:19 PM
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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.
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CU Medallion [70182]
TigerPulse: 100%
Posts: 44695
Joined: 3/18/07
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Denmark disagrees***
Posted: Jan 19, 2021, 5:46 PM
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Orange Blooded [2427]
TigerPulse: 84%
Posts: 3023
Joined: 11/2/15
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Re: Denmark disagrees***
[1]
Posted: Jan 19, 2021, 6:20 PM
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Denmark is $11.70.
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CU Medallion [58418]
TigerPulse: 100%
Posts: 69931
Joined: 11/30/98
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What's gas prices there?
[1]
Posted: Jan 19, 2021, 6:26 PM
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$9 per galllon?
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CU Medallion [74859]
TigerPulse: 100%
Posts: 37422
Joined: 5/6/13
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depends......
Posted: Jan 19, 2021, 5:38 PM
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does it count the computer at the self-checkout line as gainfully employed?
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All-TigerNet [10156]
TigerPulse: 100%
Posts: 14385
Joined: 2/9/99
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Re: A number of amateur economists would have you believe
[2]
Posted: Jan 19, 2021, 6:34 PM
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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.
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Associate AD [804]
TigerPulse: 99%
Posts: 731
Joined: 9/1/14
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Re: A number of amateur economists would have you believe
[1]
Posted: Jan 19, 2021, 6:59 PM
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The NJ PA study was limited geographically and mostly inconclusive.
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110%er [8338]
TigerPulse: 100%
Posts: 9644
Joined: 10/24/00
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where do you think the extra $$$ to pay higher wages comes
Posted: Jan 19, 2021, 7:30 PM
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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!
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Orange Blooded [2399]
TigerPulse: 87%
Posts: 3595
Joined: 9/28/08
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Re: A number of amateur economists would have you believe
[2]
Posted: Jan 19, 2021, 7:46 PM
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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.
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Orange Blooded [3040]
TigerPulse: 79%
Posts: 6656
Joined: 1/4/17
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Re: A number of amateur economists would have you believe
Posted: Jan 19, 2021, 10:02 PM
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Amateur economists vs professional ones - who to believe ??
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CU Guru [1516]
TigerPulse: 59%
Posts: 2162
Joined: 1/25/11
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Re: A number of amateur economists would have you believe
Posted: Jan 19, 2021, 10:12 PM
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Tobias, quit while you're ahead. You're wrong. Krueger is dead, as is his theory!
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