The rhetoric of the minimum wage

Ishmael said:

The Democrats are going to give Americans a 'raise.'

Really?

I didn't now the america worked for the Democratic party. Or maybe they just think we do. Either way rather pompous rhetoric.

Anyone want to make some wagers on the unemployment rate starting to creep up and how long it will take?

Ishmael

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Media myths and falsehoods to look out for as Dems launch "100 hours" plan: Minimum wage hike will result in job losses and discourage job creation. Conservatives commonly argue that increasing the minimum wage will negatively affect the economy, resulting in stagnating job growth and higher unemployment. However, numerous studies have examined recent increases in the minimum wage at both the federal and state level and found that higher wages do not result in job loss. One recent example is Oregon, which increased its minimum wage to $7.50 in 2002. Four years later, "Oregon's experience suggests the most strident doomsayers were wrong," according to a November 3 Wall Street Journal article. Indeed, private, nonfarm payrolls have increased there at twice the national rate, industries that employ many minimum-wage workers have experienced considerable job growth, and unemployment has dropped to 5.4 percent from 7.6 percent in 2002.

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vetteman said:

Difference is, I remember when a guy could have his windows cleaned and his oil checked while he was getting a tank of gas.

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Ishmael said:

Said it before, I'll say it again. It's a tax hike masquerading as 'helping the little guy.' The government is just pumping their payroll tax reciepts in flow. No one thinks about that though. Nor do they consider that the true cost of an employee to the employer is approx. 130% wage. If you are making $10/hr. the cost of your labor to the employer is $13/hr. When an employer makes a decision concerning the retention of, or increasing of, the labor force that decision is based on real cost, not the employees wage.

Walmart has already announced they're going to 'flex' time with their employees. Which is probably going to translate into less $$$ to take home even with the increase in the minimum wage. It will also tranlate into more part-timers who won't be covered under the benefit programs or the various state labor laws.

Ishmael

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Cap’n AMatrixca said:

Like my recent example of the Illinois govenor going after windfall profit taxes on the Casinos. They just curbed income and cancelled a shift...

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Cap’n AMatrixca said:

And to Missourah's benefit, some of them just decided to dock on the other side of the river...

Look out mama there's a white boat cummin' up da riber!

Who dat say dey gonna soak da rich! WHO DAT!

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Ishmael said:

I'm still trying to figure out how the rationale of a 'windfall profits tax' applies to the gambling industry????? What's next? Concert tickets?

Ishmael

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Cap’n AMatrixca said:

Hey Rolling Stones, after 120K, we're doubling the tax!

"Hey Keith, feel like doing small clubs again? 120 tickets at a grand a piece?"

"Yeah, Mic, those huge stages are getting 'ard on the legs."

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veryblueeyes said:

My curiosity is if the COL is going to rise with the rise of minimum wage? Therefore will make unemployment rise. You actually have a point with your statement.

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Ishmael said:

Keith should be writing a book. "1001 and one ways to tune a guitar."

Ishmael

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Cap’n AMatrixca said:

That would be akin to me giving Sean Penn acting tips...

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Cap’n AMatrixca said:

I don't think he has ANY character...

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RobDownSouth said:

I'll take that bet, bitch.

There was an article just this morning on how the shitbag right always sez that unemployment goes up if the minimum wage is hiked.

Money quote:

Media myths and falsehoods to look out for as Dems launch "100 hours" plan: Minimum wage hike will result in job losses and discourage job creation. Conservatives commonly argue that increasing the minimum wage will negatively affect the economy, resulting in stagnating job growth and higher unemployment. However, numerous studies have examined recent increases in the minimum wage at both the federal and state level and found that higher wages do not result in job loss. One recent example is Oregon, which increased its minimum wage to $7.50 in 2002. Four years later, "Oregon's experience suggests the most strident doomsayers were wrong," according to a November 3 Wall Street Journal article. Indeed, private, nonfarm payrolls have increased there at twice the national rate, industries that employ many minimum-wage workers have experienced considerable job growth, and unemployment has dropped to 5.4 percent from 7.6 percent in 2002.

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So, once again, your supposition is without factual basis...not unlike your canard about "oil is a renewable resource".

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Cap’n AMatrixca said:

Oh well, it doesn't look like longevity is in the family genes, so we should suffer him gently as we have with Keith over the years...



Be honest, you thought he'd NEVER make it out of the 70's...

The 1970's! Not his 70's.

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Cap’n AMatrixca said:

Hey, for tomorrow, maybe we should do "The Rhetoric of the Minimum Age," as applied to male and female teachers...

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Cheyenne said:

What's the rate in France these days? What's the latest limit on hours they can work per week?

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