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$6 an hour is not a lot, but it goes a lot farther in Arkansas than in Flanders. Besides, the idea is to start people on the employment ladder at whatever level possible.
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
Pickin' cotton fo' eight dolla a day gon' be a good thing fo' me, boss?When all else fails, blame brown people. | Hire a teen, while they still know it all. | Trump-Palin 2016. "You're fired." "I quit."Comment
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no minimum wage here. only whatever gets negociated by sector."Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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Originally posted by DanS
Minimum wages are generally thought by economists to increase unemployment. Because of this, I can't really be happy about the increase.
I have heard that line so many times before.
But I've notice that, following every increase in the minimum wage, the economy perks up.
Let's hear it for consumer spending! 
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maybe because the minimum wage is only raised during expansionary periods?"Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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mrmitchell said
Yeah because Oregon (which IIRC has an $8 or $9 minimum, one of the highest in the Union) is an economic wasteland...
We've heard the same baloney before, and they probably heard it when the first minimum wage laws were passed a long time ago. If anything, it's good for the economy because it means more will be spent by consumers.
First, if a high minimum wage isn't harmful, why not increase it even more? Why is it okay to have small increases in the minimum wage and not take the logic of the minimum wage to its end. How about a minimum wage of $50?
Why isn't the minimum wage increased that much... well because then there'd be no doubting that the minimum wage destroys jobs. The minimum wage will be increased just enough so that the effects get lost in the noise of the data.
In traditional economic theory, minimum wages cannot do anything but increase unemployment unless employers have monopoly power in the labor market. Either argue that:
1. Employers have monopoly power(actually it's monopsony)
2. Workers who have jobs at higher wages with a minimum wage gain more than those who can't find a job lose
3. There is another economic model that describes the situation betterComment
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FYI, Oregon has the 7th worst unemployment rate in the union.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Yeah, and it had high unemployment even when minimum wages sucked, like when I went to college there in the late '70s.Originally posted by DanS
FYI, Oregon has the 7th worst unemployment rate in the union.When all else fails, blame brown people. | Hire a teen, while they still know it all. | Trump-Palin 2016. "You're fired." "I quit."Comment
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One could rank the states for minimum wage and for unemployment, and see if there is correlation between the two, but I'd think there would be an awful lot of noise in the data.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Anyone catch Morgan Spurlock's "30 Days" show, the first of which was about an attempt to live on minimum wage? I'd love to see the economists who oppose increases to minimum wage put their money where their mouths are (so to speak) and try and live on it for a month.Comment
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Boo! Hiss!!!
Get a skill! Move up the ladder! (ie:incentives to improve oneself!)
Even at McDonalds you don't make minumum for very long...Founder of The Glory of War, CHAMPIONS OF APOLYTON!!!
'92 & '96 Perot, '00 & '04 Bush, '08 & '12 Obama, '16 Clinton, '20 Biden, '24 HarrisComment
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Is it really that different in the US? Over here, you become a manager at McDonalds and your level of pay rises by pennies.Comment
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I bet those are the same economists who say that higher profits help the poor.Originally posted by DanS
Minimum wages are generally thought by economists to increase unemployment. Because of this, I can't really be happy about the increase.
The evidence doesn't show that minimum wage increase increase unemployment.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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You need a lesson in elasticity.Originally posted by Ell_man
mrmitchell said
Yeah because Oregon (which IIRC has an $8 or $9 minimum, one of the highest in the Union) is an economic wasteland...
We've heard the same baloney before, and they probably heard it when the first minimum wage laws were passed a long time ago. If anything, it's good for the economy because it means more will be spent by consumers.
First, if a high minimum wage isn't harmful, why not increase it even more? Why is it okay to have small increases in the minimum wage and not take the logic of the minimum wage to its end. How about a minimum wage of $50?
Why isn't the minimum wage increased that much... well because then there'd be no doubting that the minimum wage destroys jobs. The minimum wage will be increased just enough so that the effects get lost in the noise of the data.
In traditional economic theory, minimum wages cannot do anything but increase unemployment unless employers have monopoly power in the labor market. Either argue that:
1. Employers have monopoly power(actually it's monopsony)
2. Workers who have jobs at higher wages with a minimum wage gain more than those who can't find a job lose
3. There is another economic model that describes the situation betterI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Originally posted by MichaeltheGreat
Pickin' cotton fo' eight dolla a day gon' be a good thing fo' me, boss?
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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