CBO Says The Obama Plan To Raise Minimum Wage...

[ZiggyTheHutt]

And the worker it was supposed to trickle down onto got paid exactly the same for a decade.

...And had to take on a second job, resulting in there being fewer jobs available, increasing the number of long-term unemployed, while depressing wages and increasing demand for low-wage jobs.

All great things for the rich.

 

[4est_4est_Gump]

If minimum wage kept pace with productivity it would be, according to one study, $21.72 an hour. As always, good job you old piece of shit.

http://www.cepr.net/images/stories/blogs/min-wage1-fig2-2012-03.jpg

Productivity gains are for the productive, not the entry-level...

Do not lose sight of what the minimum wage is: a stipend while you train.

 

[4est_4est_Gump]

...And had to take on a second job, resulting in there being fewer jobs available, increasing the number of long-term unemployed, while depressing wages and increasing demand for low-wage jobs.

All great things for the rich.

Too bad government has offered a huge disincentive to making them full-time. There is a reason part-time is on the rise and it is not because it is either productive or of economic benefit to the employer.

But by all means, raise the fucker up to the sky and give them the incentive to mechanize more jobs.

 

[RobDownSouth]

Too bad government has offered a huge disincentive to making them full-time. There is a reason part-time is on the rise and it is not because it is either productive or of economic benefit to the employer.

But by all means, raise the fucker up to the sky and give them the incentive to mechanize more jobs.

Had you attended an accredited college, you might've learned in Macroeconomics 101 that part-time work opportunities run counter-cyclical to economic boom/bust...In recessions, part-time jobs rise, In boom times, they are relatively scarce.

We're coming out of the Bush Recession, which saw an explosion of part time positions, and Republican attempts to sabotage the economy (drastic cuts in government jobs, ill-advised sequester) have put a drag on the recovery, resulting in an inordinately high number of PT positions.

 

[4est_4est_Gump]

Minimum wage and other government interventions into the market do not produce wealth, they produce Chavez and Maduro...

The economic reduction of Venezuela has been a breathtaking thing to watch. Blessed (and cursed) with enormous wealth in the form of oil, Venezuela seemed to thrive for a time, boasting (possibly with some exaggeration) at one point that its workers were the highest-paid in Latin America. The government spent lavishly on social programs and patronage, and, like many a misgoverned country before, saw its economy ravaged by inflation — 30 percent and more in the late 1980s, 100 percent in the late 1990s, 30 percent a year or two ago, and more than 50 percent today. The Chávez regime attempted to manhandle economic reality with police powers, imposing controls on foreign exchange, prices, and trade. The result was what it has always and everywhere been: shortages of basic goods as economic activity and trade are driven underground.

President Reagan used to joke that if government planners were put in charge of the Sahara Desert there’d be a shortage of sand in three years. The current state of Venezuela looks like a half-baked Cold War joke that Reagan might have rejected as over the top: The government has gone so far as to order the armed occupation of a toilet-paper factory, that commodity being in acute shortage, along with such essentials as milk, flour, and cooking oil. The key difference is that Reagan’s jokes were funny. The situation in Venezuela is not.

Editors, NRO


Ronny knew a good joke when he stole one...



"If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand."
Milton Friedman

 

[Sean Renaud]

TLDR

I treid twice and only got through a little more than half of it Ziggy but here are the highlights.

First I didn't say your income was welfare as a redefinition of terms. I questioned, and then clarified that I'm unclear on the difference in the end of expanding welfare vs raising the minimum wage. If we are defining welfare as you "seem" to (you're sorta all over the place) as unearned wealth every cent you "earn" in income above what you could negotiate is no different from welfare. It's not something you earned, it's something the government chose to give you.

Second if there is a such thing as a job that can't be shipped over seas and/or automated they are very rare. Personally I doubt they exist in any great numbers anyway.

Again specifically to your mention of how trickle down doesn't work. For starters it does, in a small enough system. We however don't have one. . .not really. We have inflation because it does work by the by just slowly and worse evenly. Since it is more or less accepted that the rich 1% create the majority of jobs (it's not really true but for the sake of this conversation it's real enough) Again why does it matter if we take 5% of their income and distribute it as welfare or raise the minimum wage and cost them 5% of their income? In the end you've done the same thing to the same people for the same reasons.

There are reasons but most of them come down to the concept that work is good.

 

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[JohnnySavage]

Since Obamacare, we've seen a "nuclear" explosion of part time jobs. Command order economic solutions didn't work in the Soviet Union, and they aren't going to work here either, Chief.

You lie!

http://www.cepr.net/images/stories/bytes/jobs-2013-10-ge.jpg

 

[jeninflorida]

The socialist left wants to turn it into "a living wage."

why is it that the "left" ... well these asshats only strive to reach a job that pays min wage?

 

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[RobDownSouth]

Since Obamacare, we've seen a "nuclear" explosion of part time jobs. Command order economic solutions didn't work in the Soviet Union, and they aren't going to work here either, Mr. Downsouth.

Like I said, you and your conservative pals are working tirelessly to undermine the Obama administration.

"Better Murica Fail Than A Negar President Succeed!"
- Grampa Urine

 

[jeninflorida]

Like I said, you and your conservative pals are working tirelessly to undermine the Obama administration.

"Better Murica Fail Than A Negar President Succeed!"
- Grampa Urine

rob must be in need of more obama ass juice ...

i'm guessing Rob's withdrawal (or would that be obama's withdrawal from Rob) is too painful?

 

[RobDownSouth]

You lie!

http://www.cepr.net/images/stories/bytes/jobs-2013-10-ge.jpg

Hmmm, it would seem that Grampa Urine is indulging in the favorite pastime of Vietnam-era United States Marines: Lying his ass off.

#VetteREMF
#DisgraceToTheCorps
#DishonorableDischarge

 

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[JohnnySavage]

This

Since Obamacare, we've seen a "nuclear" explosion of part time jobs. Command order economic solutions didn't work in the Soviet Union, and they aren't going to work here either, Chief.

Then the backtracking

How about involuntary part time as part of full time employment:

From the same site:
...

Stuff Vette isn't intelligent enough to understand

...


Rob, is a master of the non sequitur. A journeyman liar. One thing to remember with millions and millions unemployed and taking more and more part time work the total of the full time labor force decreases and the percentage of part time employees obviously increases against that new total.

It takes a big man to admit he was wrong. But I'm glad you did.

 

[jeninflorida]

You worked tirelessly to undermine the Bush administration, remember Chief? Obama and today's Democrat Party represent a threat to the future of America, they need to be undermined. They cannot govern a free people, nor do they wish to.

we can't forgot that rob loves the ass juice

 

[mercury14]

The socialist left wants to turn it into "a living wage."

That's what FDR said it was when he designed it. If you want it to be unlivable that's fine but at least own responsibility for the fact that you're the one who wants to turn it into something it's not.

 

[4est_4est_Gump]

You lie!

http://www.cepr.net/images/stories/bytes/jobs-2013-10-ge.jpg

Nice graph, but it means nothing unless united with the labor participation rate to give you a ratio...

 

[jeninflorida]

That's what FDR said it was when he designed it. If you want it to be unlivable that's fine but at least own responsibility for the fact that you're the one who wants to turn it into something it's not.

awe, that's Merc's issue he's still living in 1950

 

[RobDownSouth]

Nice graph, but it means nothing unless united with the labor participation rate to give you a ratio...

"but....but....Labor Participation Rate!"

Notice how effortlessly the Chief moooooooves those goalposts. He's gonna keep redefinin' the debate until he wins.

With boomers retiring in steadily increasin' numbers, AJ knows he has got a sure-fire winner in "Labor Participation Rate" for the next two decades!