Does Raising the Minimum Wage Increase Unemployment?

[i'va biggen]

Originally Posted by LexusLover

Is that how you handle it down at the stalls in the truck stop?

The only coherent thought in your head is about sucking dick. Thanks for taking gay rey's place.

[lustylad]

Originally Posted by lustylad

Ok, I read it. Who is the author? I can't find a name. Is he/she an economist?

This link between MW and low-skilled worker unemployment is one of the most thoroughly researched questions in economics.... please tell me who the author of your link is and what are his/her economic credentials.

SassySue - You still haven't answered my very simple question... who is the author of the link you provided in your opening post? And what are his/her economic credentials?

I can't find that information anywhere. It's ok for you to say "I don't know" or the article was submitted anonymously or without attribution. But please answer the question.

[Sidewinder]

Originally Posted by SassySue

A look at historical minimum wage increases and unemployment shows no relationship between the two. There are instances of unemployment both rising and falling after or during such increases. We see instances of the minimum wage being raised during a time when unemployment was either rising or falling, and see no change after the increase. Of course, one could cherry pick a point in history in order to argue a preconceived point of view, but on aggregate, it would appear that these increases have zero bearing on the unemployment rate.


Full article:

http://www.factandmyth.com/minimum-w...oyment-economy

And there we have it.

Read "Basic Economics", by Thomas Sowell.

Then ask the question, if you are still wondering.

I believe it was Milton Friedman who said something along the lines of "Minimum wages cause unemployment. That's not an observation, that's a
definition."

[LexusLover]

Originally Posted by Sidewinder

Read "Basic Economics", by Thomas Sowell.

Then ask the question, if you are still wondering.

I believe it was Milton Friedman who said something along the lines of "Minimum wages cause unemployment. That's not an observation, that's a
definition."

I recall in the beginning of the Clinton recession in 2000 there was a manufacturing plant (family owned) in West Texas that was in tough times like a lot of small businesses. The owners called all the employees into a meeting and asked them if they would all agree to a reduction in wages, keep their jobs, and work through the financial problems until times got better. They all agreed. They kept their jobs, worked through the recession, and came out better with increased wages after production/sales had increased. They thought, rightfully so, that having a job with reduced wages was better than no job at all with an opportunity to increase income down the line.

[lustylad]

Originally Posted by lustylad

Ok, I read it. Who is the author? I can't find a name. Is he/she an economist?

This link between MW and low-skilled worker unemployment is one of the most thoroughly researched questions in economics.... please tell me who the author of your link is and what are his/her economic credentials.

Originally Posted by lustylad

SassySue - You still haven't answered my very simple question... who is the author of the link you provided in your opening post? And what are his/her economic credentials?

I can't find that information anywhere. It's ok for you to say "I don't know" or the article was submitted anonymously or without attribution. But please answer the question.

Third request - who is the author, SassySue?

As the OP, you are supposed to know a little bit about the topic you choose to start a thread. You are also expected to be able to answer simple questions from other posters. If you post a link and urge others to read it, you should at least be able to identify the author and tell us what makes him/her credible on the topic.

Can you not even do that, SassySue?

[SassySue]

Originally Posted by lustylad

Third request - who is the author, SassySue?

As the OP, you are supposed to know a little bit about the topic you choose to start a thread. You are also expected to be able to answer simple questions from other posters. If you post a link and urge others to read it, you should at least be able to identify the author and tell us what makes him/her credible on the topic.

Can you not even do that, SassySue?

Here's the link again. It's all based on government data and statistics, a lot from the Department of Labor. The information is from a website called http://www.factandmyth.com. Check it out! Lots of interesting facts there. I like doing research in my spare time and sharing it with others.

http://www.factandmyth.com/minimum-w...oyment-economy

You will note at the end of the article, there are several other pieces of information on the same subject.

[lustylad]

Originally Posted by SassySue

Here's the link again. It's all based on government data and statistics, a lot from the Department of Labor. The information is from a website called http://www.factandmyth.com. Check it out! Lots of interesting facts there. I like doing research in my spare time and sharing it with others.

http://www.factandmyth.com/minimum-w...oyment-economy

You will note at the end of the article, there are several other pieces of information on the same subject.

I told you I already read the link. The author, whom you still have not identified, took a Bureau of Labor Statistics graph for the national unemployment rate and a Dept. of Labor graph for US gross domestic product, slapped bars on the graphs to indicate years when the federal minimum wage was increased, and then simply declared that he saw no correlations!

That's not a credible “study”. That's a joke! It makes a mockery of serious economic research, which uses econometrics and regression analysis to identify and measure economic data correlations. The person who wrote the article but won't sign it isn't an economist. He's a hack and a polemicist. If he had any training in economics, he would have signed his name and listed his professional credentials.

You DO realize anyone can start a frivolous website nowadays, right? Your “factandmyth” site doesn't prove any "facts" - it merely perpetuates myths and proclaims false talking points to be "facts". It's bad enough that you waste your spare time reading websites like that. You don't need to waste ours too.

[dilbert firestorm]

[QUOTE=lustylad;1058405331
You DO realize anyone can start a frivolous website nowadays, right? Your “factandmyth” site doesn't prove any "facts" - it merely perpetuates myths and proclaims false talking points to be "facts". It's bad enough that you waste your spare time reading websites like that. You don't need to waste ours too.[/QUOTE]

ergo, SS is a wank-wank babe and she can't help herself when she posts shit like this.

[SassySue]

Originally Posted by lustylad

I told you I already read the link. The author, whom you still have not identified, took a Bureau of Labor Statistics graph for the national unemployment rate and a Dept. of Labor graph for US gross domestic product, slapped bars on the graphs to indicate years when the federal minimum wage was increased, and then simply declared that he saw no correlations!

That's not a credible “study”. That's a joke! It makes a mockery of serious economic research, which uses econometrics and regression analysis to identify and measure economic data correlations. The person who wrote the article but won't sign it isn't an economist. He's a hack and a polemicist. If he had any training in economics, he would have signed his name and listed his professional credentials.

You DO realize anyone can start a frivolous website nowadays, right? Your “factandmyth” site doesn't prove any "facts" - it merely perpetuates myths and proclaims false talking points to be "facts". It's bad enough that you waste your spare time reading websites like that. You don't need to waste ours too.

There are several other articles underneath the link proving the same thing. You're just making excuses to justify your own truth. How have low wages helped the economy? What about all the small businesses that have shut down due to lack of business?

All the Arguments Against Raising Minimum Wage Have Fallen Apart:

http://billmoyers.com/2014/03/07/all...-fallen-apart/

Conservatives should be on the front line of the battle to raise the minimum wage. Work is supposed to make one independent, but with the inflation-adjusted federal minimum down by a third from its peak, low-wage workers depend on billions of dollars in public assistance just to make ends meet. Just this week, Rachel West and Michael Reich released a study conducted for the Center for American Progress that found raising the minimum wage to $10.10 per hour would save taxpayers $4.6 billion in spending on food stamps.


If that's not enough proof and research for you, read this article. It's a question and answer article that indicates clearly how raising minimum wage effects small business and the economy:

http://www.raisetheminimumwage.com/pages/qanda

[SassySue]

Originally Posted by Sidewinder

Read "Basic Economics", by Thomas Sowell.

Then ask the question, if you are still wondering.

I believe it was Milton Friedman who said something along the lines of "Minimum wages cause unemployment. That's not an observation, that's a
definition."

He was (is) probably a die hard capitalist, only concerned with his bottom line. You can count on it. I'm a firm believer that capitalism, at least the form of capitalism that we have today, does not work for the majority of society. We need to change it. Some capitalism is good, but the kind we have now only works for a few. Switzerland has a decentralized type of government that seems to work well. I saw a Youtube video about their government. Here's a definition:

https://en.wikipedia.org/wiki/Politics_of_Switzerland

[dilbert firestorm]

http://www.forbes.com/sites/panosmou.../#7a3f3f1d7f77

$15 min wage = no jobs for cashiers = automated by robots. happy now?

[Sidewinder]

Originally Posted by SassySue

He was (is) probably a die hard capitalist, only concerned with his bottom line. You can count on it. I'm a firm believer that capitalism, at least the form of capitalism that we have today, does not work for the majority of society.

If you really believed that, you'd read Sowell's book so you could tell us all where Sowell is wrong, in detail, and back it up with examples.

[gnadfly]

You're on ignore cunt until I see it.

[SassySue]

Originally Posted by gnadfly

You're on ignore cunt until I see it.

Good, I especially want YOU to ignore me. Thanks.

[lustylad]

Originally Posted by SassySue

You're just making excuses to justify your own truth...

Ok, Sassy Poo-poo... here is a little insight for you. As I mentioned when you started this thread, this is one of the most well-researched topics in economics. Among economists who have studied the matter, there is a lopsided consensus.

The answer to your original thread question "Does raising the minimum wage increase unemployment?" is a resounding YES.

University of California, Irvine economist David Neumark has examined more than 100 major academic studies on the minimum wage. He reports that 85 percent of the studies "find a negative employment effect on low-skilled workers." .... The only significant debate about the minimum wage is the magnitude of its effect. Some studies argue that a 10 percent increase in the minimum wage will cause a 1 percent increase in unemployment, whereas others predict a higher increase.

https://www.creators.com/read/walter...d-minimum-wage