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Old 05-10-2014, 12:03 PM  
Hammock Parties Hammock Parties is offline
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Should the minimum wage be raised to $20/hr?

Seems like that would provided everyone with a comfortable living.

http://www.cepr.net/documents/public...e1-2012-03.pdf

Quote:
Using wages as a benchmark, in 1968 the federal minimum stood at 53 percent of the average production worker earnings. During much of the
1960s, the minimum wage was close to 50 percent of the same wage
benchmark. If the minimum wage were at 50 percent of the production
worker wage in 2012 (again, using CBO projections to produce a full-year
2012 estimate), the federal minimum would be $10.01 per hour.

A final benchmark for the minimum wage is productivity growth. Figure
2 below compares growth in average labor productivity with the real
value of the minimum wage between the late 1940s and the end of the
last decade. Between the end of World War II and 1968, the minimum
wage tracked average productivity growth fairly closely.

Since 1968, however, productivity growth has far outpaced the minimum wage. If the minimum wage had continued to move with average productivity after 1968, it would have reached $21.72 per hour in 2012 – a rate well above the average production worker wage. If minimum-wage workers received only half of the productivity gains over the period, the federal minimum would be $15.34. Even if the minimum wage only grew at one-fourth the rate of productivity, in 2012 it would be set at $12.25.
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Old 05-17-2014, 08:45 AM   #196
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Quote:
Originally Posted by Loneiguana View Post
ar·ti·fi·cial - not natural or real / not happening or existing naturally

There is nothing artificial when PEOPLE spend money. No one is forcing them to spend the money. They aren't spending it for no reason. They would spend it because they want to. That is not artificial. That is people naturally spending money.

Your entire premise is pants on head stupid.

And don't make claims about the minimum wage being above a market rate with out any evidence. Paying below the poverty line, where you can hardly afford housing is no where near above a "market rate".

Make up stuff more.
Excuse me, but you don't get to redefine my terms. You can hide from reality if you want, but I won't follow you into your chasm of ignorance.
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Old 05-17-2014, 09:15 AM   #197
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As I suspected the cost of living in Denmark is much higher than the US too.
It's usually inflated in countries like Denmark.
Indices Difference Info
Consumer Prices in Denmark are 51.27% higher than in United States
Consumer Prices Including Rent in Denmark are 39.30% higher than in United States
Rent Prices in Denmark are 12.74% higher than in United States
Restaurant Prices in Denmark are 103.14% higher than in United States
Groceries Prices in Denmark are 25.43% higher than in United States
Local Purchasing Power in Denmark is 27.20% lower than in United States


http://www.numbeo.com/cost-of-living...untry2=Denmark
and Pat, lone just re-defines words---which is typical of socialists and progs.
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Old 05-17-2014, 10:30 AM   #198
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Nice little read.

From:
http://www.raisetheminimumwage.com/pages/job-loss

The Bottom Line on Minimum Wage and Job Growth:

Two decades of rigorous economic research have found that raising the minimum wage does not result in job loss. While the simplistic theoretical model of supply and demand suggests that raising wages reduces jobs, the way the labor market functions in the real world is more complex. Researchers and businesses alike agree today that the weight of the evidence shows no reduction in employment resulting from minimum wage increases.

The Economist, November 2012: “Evidence is mounting that moderate minimum wages can do more good than harm. […] Bastions of orthodoxy, such as the OECD, a rich-country think-tank, and the International Monetary Fund, now assert that a moderate minimum wage probably does not do much harm and may do some good. Their definition of moderate is 30-40% of the median wage. Britain’s experience suggests it might even be a bit higher.” (Source)

Crain's New York Business, February 2012: "“Critics of [the minimum wage] proposal are making the same arguments as the last time the Legislature increased the minimum wage, in 2004. The hike to $7.15 an hour from the federal minimum of $5.15 was phased in over three years. If the change had a cataclysmic effect on businesses that depend heavily on minimum-wage workers, we certainly missed it. Objections . . . while meriting consideration, are essentially objections to the very existence of a minimum wage, which has been a fixture in the U.S. since 1938 and has never stopped our economy from flourishing.” (Source)
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Old 05-17-2014, 10:32 AM   #199
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Another moron article.
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Old 05-17-2014, 10:42 AM   #200
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Quote:
Originally Posted by TheUte View Post
Nice little read.

From:
http://www.raisetheminimumwage.com/pages/job-loss

The Bottom Line on Minimum Wage and Job Growth:

Two decades of rigorous economic research have found that raising the minimum wage does not result in job loss. While the simplistic theoretical model of supply and demand suggests that raising wages reduces jobs, the way the labor market functions in the real world is more complex. Researchers and businesses alike agree today that the weight of the evidence shows no reduction in employment resulting from minimum wage increases.

The Economist, November 2012: “Evidence is mounting that moderate minimum wages can do more good than harm. […] Bastions of orthodoxy, such as the OECD, a rich-country think-tank, and the International Monetary Fund, now assert that a moderate minimum wage probably does not do much harm and may do some good. Their definition of moderate is 30-40% of the median wage. Britain’s experience suggests it might even be a bit higher.” (Source)

Crain's New York Business, February 2012: "“Critics of [the minimum wage] proposal are making the same arguments as the last time the Legislature increased the minimum wage, in 2004. The hike to $7.15 an hour from the federal minimum of $5.15 was phased in over three years. If the change had a cataclysmic effect on businesses that depend heavily on minimum-wage workers, we certainly missed it. Objections . . . while meriting consideration, are essentially objections to the very existence of a minimum wage, which has been a fixture in the U.S. since 1938 and has never stopped our economy from flourishing.” (Source)
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If the minimum wage hike ended poverty as we know it for all time and eliminated dependence on government, I certainly missed it.

That's how you say something absurd instead of dealing with real criticisms. No one ever made a serious argument that a hike in the minimum wage would have a cataclysmic effect on business. What it does though is add one more straw to the camel's load.
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Old 06-02-2014, 05:16 PM   #201
WhawhaWhat WhawhaWhat is offline
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Seattle approves $15 minimum wage

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Seattle's city council on Monday unanimously approved an increase in the city's minimum wage to $15 an hour, making it the nation's highest by far.

The increase was formally proposed by Seattle Mayor Ed Murray, and he intends to sign the ordinance on Tuesday.

Washington already has the nation's highest state-level minimum wage, at $9.32.

The current federal minimum wage is $7.25, and Democrats in Congress have been pushing for a gradual increase to $10.10, but so far to little effect.

The increase to $15 in Seattle will take place over several years. It will apply first to many large businesses in 2017 and then to all businesses by 2021.

The advocacy group 15 for Seattle estimates the the wage hike will benefit more than 100,000 workers.

Murray, a Democrat, pitched his plan as a compromise between supporters of a more immediate wage hike and concerned business owners. It was crafted by a panel that he appointed, which included both business and labor leaders.

Some think the law does not go far enough. Those critics say the plan takes too long to phase in and object to an amendment that would let businesses pay teenagers a "subminimum training wage" for their first 90 days on the job.

Meanwhile, several states have passed or are considering proposals to adopt a $10.10 an hour minimum wage. Most recently, Michigan raised its hourly minimum to $9.25.
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Old 06-02-2014, 05:18 PM   #202
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The cost of EVERYTHING in Seattle just skyrocketed.
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Old 06-02-2014, 07:08 PM   #203
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Everyone can afford EVERYTHING that just skyrocketed in Seattle.
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Old 06-02-2014, 07:20 PM   #204
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Poor folk don't buy stuff so an increase in prices only impact spenders. They should pay more.
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Old 06-02-2014, 07:28 PM   #205
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Old 06-02-2014, 07:35 PM   #206
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Washington will probably be in the same budgetary situation as California within the next two decades.
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Old 06-02-2014, 08:26 PM   #207
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Seattle is off their rocker.

If the residents are willing to pay 9.95 for a Big Mac, then let them.

I cant believe people think a minimum wage job, should be able to support a family of 4? It should barely be able to support an individual!

That's why you work hard, for more than a month, so you earn more than minimum wage, before you even think of having a spouse, much less children!!

Jesus!!!
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Old 06-02-2014, 08:31 PM   #208
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Old 06-03-2014, 06:26 AM   #209
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[QUOTE=Count Zarth;10619488]Seems like that would provided everyone with a comfortable living.

Yes never mind 'skills' - just give them the $20/hr.

Most retarded 'so called' logic ever.
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Old 06-03-2014, 06:58 AM   #210
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It's their city. Let them do what they want. They may find out that the competition for those jobs becomes greater, though, and some of the people it's intended to help stop getting hired at all.
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