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Old 10-10-2013, 12:21 AM  
Taco John Taco John is offline
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Seattle toying with a $15/hr minimum wage...

This is absolutely ridiculous. I kind of hope they do it and wreck their economy, except for the pain and devastation it would cause to the poor in that area. These morons don't understand anything about economics...

http://www.columbian.com/news/2013/o.../#.UlY4hNI3tKY
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Old 10-10-2013, 12:31 AM   #2
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If they think that $15/hr is a good idea, they ought to think that $25/hr would be a better one.
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Old 10-10-2013, 01:01 AM   #3
CrazyPhuD CrazyPhuD is offline
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See I don't support a $15 minimum wage but I absolutely support a $50 minimum wage. No sense in doing this shit half assed.
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Old 10-10-2013, 01:03 AM   #4
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Quote:
Originally Posted by CrazyPhuD View Post
See I don't support a $15 minimum wage but I absolutely support a $50 minimum wage. No sense in doing this shit half assed.


yep, if you're going to do it, do it right.
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Old 10-10-2013, 02:10 AM   #5
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OH GREAT! Now we're gonna have to deal with all the Seattle assholes moving here as well? Austin's already full up on Californians and Portlanders.
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Old 10-10-2013, 02:12 AM   #6
Taco John Taco John is offline
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They basically think that every working person should make $31,200 a year without a college degree. I made $35k coming out of college. I'm not sure that college would have been so attractive if I could have just came out of high school and started making that kind of money out of the gates bagging groceries. Of course, there isn't so much upward mobility in that, but when you're 19, who is really thinking about upward mobility?

The people who really get screwed are the ones without a job once the milk and eggs prices start to inflate in response to the stuff.
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Old 10-10-2013, 06:30 AM   #7
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I am 100% in favor of them doing this. If they want to be an ant farm for the rest of the country to see what the results will be, they should go right ahead. I feel bad about that because of the effect it will have on the economy and employment, but it will be good for jobs in the long term to learn the lesson.
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Old 10-10-2013, 06:50 AM   #8
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While I disagree with the premise of the planned wage hike, I do support a state or local government's right to experiment with ideas like this if the people in that area support it. Those that don't can vote with their feet.

When the federal government tries shit like this, you gotta bend over and take it. It's also easier to reverse course should the outcome not give the desired results.
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Old 10-10-2013, 07:46 AM   #9
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The Job Loss Myth




Study: Why Does the Minimum Wage Have No Discernible Effect on Employment? (2013)

http://www.cepr.net/documents/public...ge-2013-02.pdf

Why Do Minimum Wage Increases Not Reduce Employment?

#1) The vast majority of low-wage workers are employed by large corporations, not small businesses:

http://nelp.3cdn.net/e555b2e361f8f734f4_sim6btdzo.pdf

#2) There are significant savings that result from paying higher wages – including reduced employee turnover and increased productivity – and these savings help offset the cost to employers of a minimum wage increase.

http://hbr.org/2012/01/why-good-jobs...retailers/ar/1

Quote:
Costco CEO Craig Jelinek, March 2013: “We pay a starting hourly wage of $11.50 in all states where we do business, and we are still able to keep our overhead costs low. An important reason for the success of Costco’s business model is the attraction and retention of great employees. Instead of minimizing wages, we know it's a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty. We support efforts to increase the federal minimum wage.
http://www.businessforafairminimumwa...mum-wage-act-i


#3) Raising the minimum wage boosts consumer spending, generating higher sales revenue for local businesses and promoting economic growth.


http://www.epi.org/files/2013/bp357-...e-increase.pdf

#4) Raising the minimum wage minimally affects prices.

Quote:
Despite the different methodologies, data periods and data sources, most studies found that a 10% US minimum wage increase raises food prices by no more than 4% and overall prices by no
more than 0.4%. This is a small effect.

The overall reading of the above evidence on price effects, together with the evidence in the literature on wages and employment effects is that the minimum wage increases the wages of the poor, does not destroy too many jobs, and does not raise prices by too much.
http://ftp.iza.org/dp1072.pdf

http://ageconsearch.umn.edu/bitstrea...1/03010111.pdf

--

History of the Minimum Wage

The minimum wage, adjusted for inflation, has only decreased.




The minimum wage use to be something a family could live on. Now, the Minimum wage requires Government help, your tax dollars, to be able to survive:
Quote:
Here again, when the minimum was higher in real terms, in the 1969-79 period, a full-time working parent of two would have earned enough to lift a family of that size above the poverty line. Back in 1968, full-time work at the minimum wage put a family of this type about $1,300 (in 1999 dollars) above the poverty line. Today, that same family would be $2,700 below the line. As shown in Figure 4, once payroll taxes (FICA) are subtracted, and today’s EITC-which didn’t exist in the late 1960s-and the cash value of food stamps are both added, the family’s income gets boosted over the poverty line, in this case by about $2,400. So, relative to 30 years ago, the only way this family can now manage a higher-than-poverty-level income is with a substantial subsidy from taxpayers
http://www.epi.org/publication/brief...s_min_wage_bp/


Minimum Wage and other wages:

Because a person cannot survive on minimum wage without government assistance, our low minimum wage actually decreases the wages of middle class workers. This is because of mainly 2 things:

First, it increases the demand for middle class jobs because no one wants a job they cannot survive on. The increase in demand means your employer can pay you less because there is someone waiting for your job.

Second, the minimum wage is is the wage floor that other wages are based off of.

Conclusion

A minimum wage increase would benifit the workers, the economy, and the society as a whole.

It is time for the companies that make money off these workers to compensate them instead of relying on the government to compensate to make up the wage through welfare.

If a company cannot make a profit off of an employee by paying a living wage, that company is not sustainable and will require government assistance. In our case, the assistance is going to the worker.

Conservatives, you commie bastards, would rather the government pay employees than the companies that make the money off of them.
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Old 10-10-2013, 07:49 AM   #10
Backwards Masking Backwards Masking is offline
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i don't see how a $15 an hour minimum wage is any more or less communistic than the Child Tax Credit

at least the people working for the $15 an hour ARE actually working for it...
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Old 10-10-2013, 08:56 AM   #11
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Quote:
Originally Posted by donkhater View Post
While I disagree with the premise of the planned wage hike, I do support a state or local government's right to experiment with ideas like this if the people in that area support it. Those that don't can vote with their feet.

When the federal government tries shit like this, you gotta bend over and take it. It's also easier to reverse course should the outcome not give the desired results.
Yeah I'm all for state and local experimentation, and this is the exact type of policy an experiment would be useful for. I think they are digging their own grave and will have to reverse course after a couple years of job losses and high prices, and the rest of the country will benefit from seeing that.
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Old 10-10-2013, 09:17 AM   #12
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Originally Posted by Bowel Movement View Post
i don't see how a $15 an hour minimum wage is any more or less communistic than the Child Tax Credit

at least the people working for the $15 an hour ARE actually working for it...
If a business can afford 3 employees at$10, the can only afford 2 at $15
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Old 10-10-2013, 10:08 AM   #13
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Quote:
Originally Posted by donkhater View Post
While I disagree with the premise of the planned wage hike, I do support a state or local government's right to experiment with ideas like this if the people in that area support it. Those that don't can vote with their feet.

When the federal government tries shit like this, you gotta bend over and take it. It's also easier to reverse course should the outcome not give the desired results.
This.
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Old 10-10-2013, 10:46 AM   #14
Taco John Taco John is offline
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Quote:
Originally Posted by donkhater View Post
While I disagree with the premise of the planned wage hike, I do support a state or local government's right to experiment with ideas like this if the people in that area support it. Those that don't can vote with their feet.

When the federal government tries shit like this, you gotta bend over and take it. It's also easier to reverse course should the outcome not give the desired results.
Yep. This is exactly how I feel. This is how the government is supposed to work, not this bloat that we see in DC with federal this and federal that.
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Old 10-10-2013, 10:55 AM   #15
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Does anyone ever read Loneiguana pie charts and b.s. attached?

Reminds me another left wing nit-wit that does the same thing.
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