Convince me to vote for Kerry

[chequita guevara]

Originally posted by Moral Hazard
most economists still view increasing the minimum wage as detrimental.

Yeah, but most economists are anti-anything that helps workers. They seem to have this disconnect with workers = consumers. They only want to aid consumers, forgetting if they screw workers, that they can't consume. You'd think it would be friggan obvious, but most modern economists are pro-capital.

[Imran Siddiqui]

I acknowledged this in my post, and then pointed out that as demand increases after min wage is raised, so will the demand for labor.

Only if the amount lost in layoffs are less than the amount gained in min wage. I doubt that will happen in most cases.

[chequita guevara]

Originally posted by Imran Siddiqui

Now check out this map of which states have minimum wage laws higher than the federal minimum.

Correlation and causation problem? I'd argue that richer states decide to give higher min wage rather than a higher min wage leading to richer states.

Well, we'll soon find out. We have a min wage law as a possible amendment, and it will be indexed to inflation. $6.15/hour.

[Rufus T. Firefly]

Again, I invite you to show me a historical instance of a raise in minimum wage corrolating with job loss.

[chequita guevara]

Originally posted by Imran Siddiqui

I acknowledged this in my post, and then pointed out that as demand increases after min wage is raised, so will the demand for labor.

Only if the amount lost in layoffs are less than the amount gained in min wage. I doubt that will happen in most cases.

I doubt there'll be that many layoffs. Most likely they will delay making new hires, since the demand for the labor they have won't diminish.

[Imran Siddiqui]

Again, I invite you to show me a historical instance of a raise in minimum wage corralating with job loss.

See 90-91 (below - 3 posts down)

Show me a raise in the minimum wage which is statistically significant with respect to job growth.

As I've stated minimum wage has been raised during boom periods, so their actual effects will be diluted and not really felt until the recession, when the above-minimum-wage market price falls as the economy does.

[chequita guevara]

The last time they raised min wage was before the Clinton boom, when we were still talking about a jobless recovery in the early 90s. Still, I think our boom had more to do with money pouring in from the Asian markets' implosions.

[Imran Siddiqui]

A jobless recovery is still part of the boom. After all, you've said it, 'recovery'. And I think a great majority of us will assert the 90s recovery and boom was driven by the internet and not an increase in minimum wage.

[Imran Siddiqui]

Originally posted by Rufus T. Firefly
Again, I invite you to show me a historical instance of a raise in minimum wage corrolating with job loss.

Found one... though it may not be statistically significant.

The Federal minimum wage was increased in 1990 and 1991. If you recall, we went into recession in 1991.

Some fun stuff on it (yes, yes, it's CATO, get it out of your system now.. facts on employment numbers are still facts):

http://www.cato.org/pubs/regulation/reg18n1c.html

[Dis]

interesting. one more bump for any further evidence.

Because frankly. Both candidates are equally capable of striking terrorism imho. I don't think a democrat would be stupid enough to act like clinton did again. The real issue is the economy.

[MalevolentLight]

That is really foolish thinking Dissident. Obviously you haven't looked at Kerry's senate record. I would trust Clinton anyday over Kerry (and that's sad because I think Clinton was one of the worst presidents in history). I think I am going to have to agree with Wiglaf on the description of your vote. You should try educating yourself on actual facts instead of relying on people on here to tell you what is true and what isn't. But I guess you're just a classic example of an uneducated voter.

[Dis]

what the hell do you think I'm trying to do *******.

thanks for calling me stupid.

[MalevolentLight]

You're trying to be educated by apolyton posters. Do I really need to say more? Apparently people don't know how to go out and read about things on their own.

[Dis]

are you saying Apolyton posters are uneducated? I find them to be pretty smart.

I wouldn't call myself uneducated. Just lazy. Why research it, when someone else has already done the research?

And I know Kerry's voting record. I don't like it. That's why i've been against voting for him. But I hate wasting my vote on a third party candidate.

[Ramo]

Found one... though it may not be statistically significant.

The Federal minimum wage was increased in 1990 and 1991. If you recall, we went into recession in 1991.

Some fun stuff on it (yes, yes, it's CATO, get it out of your system now.. facts on employment numbers are still facts):

We went into recession in mid-1990. While I guess it's possible that the minimum wage increase of that year had something to do with it, I'm inclined to believe it had to do with the rise in oil prices associated with Iraq's invasion of Kuwait (and tension over the threat of war), the S&L Crisis, inflation hawkish monetary policy, etc.