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America Needs a Raise: The Case for a Higher Minimum Wage

 
smilesun
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01/09/2013 03:17 PM

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America Needs a Raise: The Case for a Higher Minimum Wage
An economy that relies overwhelmingly on consumer spending can't afford to watch vast numbers of hard working citizens experience ever diminishing purchasing power.

Almost four million Americans earn wages at or below the federal minimum wage of $7.25 an hour, or nearly $15,000 a year if they work full-time. That is approximately $8,000 shy of the poverty threshold for a family of four. And given that more than half of workers earning the minimum wage or less are 25 or older, it is clear that many of these workers are trying to support a family on these extremely low pay. Contrary to widely held perceptions, most minimum-wage jobs are not held by young people who get better jobs as they age. Raising the minimum wage by just 85 cents a year for three years, plus indexing it to inflation, would directly lead to higher wages for an estimated 20 million working Americans, with another 10 million likely receiving raises as employers' pay scales adjust. And more than one quarter of the nation's children would see a parent's earnings increase.

Read all [link to www.theatlantic.com]
Anonymous Coward
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01/09/2013 03:19 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
No it doesn't. Go fuck yourself OP

What are you some kind of pinko-commie?

Minimum wage kills JOBS. If they increase it, the unemployment rate will increase.
Anonymous Coward
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01/09/2013 03:21 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
No it doesn't. Go fuck yourself OP

What are you some kind of pinko-commie?

Minimum wage kills JOBS. If they increase it, the unemployment rate will increase.
 Quoting: Anonymous Coward 12680882

fuckoff2

Low wages = slavery
smilesun (OP)

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01/09/2013 03:26 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
No it doesn't. Go fuck yourself OP

What are you some kind of pinko-commie?

Minimum wage kills JOBS. If they increase it, the unemployment rate will increase.
 Quoting: Anonymous Coward 12680882

fuckoff2

Low wages = slavery
 Quoting: Anonymous Coward 31686426


Smiley
Anonymous Coward
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01/09/2013 03:27 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
This should happen. Then the rest of the major employers will leave the USA and that will be it. Death.
Anonymous Coward
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01/09/2013 03:28 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Here a reading assignment for you pinko liberal fuckheads:

Higher minimum wages generate a tradeoff between higher wages for the employed and higher rates of unemployment. When minimum wages increase, many workers who earn less than the new higher minimum wage lose their jobs. Firms often decide that they can get by with fewer workers instead of paying higher wages.

As one might expect, David Neumark of the University of California's Irvine campus and William Wascher of the Federal Reserve Board survey recent research on minimum wages and find that the least-skilled workers are hurt the most by minimum wages.

Minimum wages are particularly damaging for the future prospects of young workers as they typically earn the low wages that are impacted by the change in the minimum wage law.

[link to www.newsday.com]
Anonymous Coward
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01/09/2013 03:33 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.
smilesun (OP)

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01/09/2013 03:40 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.
 Quoting: Anonymous Coward 12680882


I live in America, Job in ITALY!!!!!
smilesun (OP)

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01/09/2013 03:40 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
This should happen. Then the rest of the major employers will leave the USA and that will be it. Death.
 Quoting: Anonymous Coward 31770957


New York Gov. Andrew Cuomo is proposing raising the minimum wage to $8.75 an hour from the current $7.25.

In his State of the State address Wednesday, the first-term Democratic governor says New Yorkers at the low end of the income ladder should earn more.

The increase is supported by powerful Assembly Speaker Sheldon Silver, a Manhattan Democrat. Republicans who control the Senate prefer business tax breaks to spur the economy.

A person earning minimum wage in New York makes $14,616 a year.

Cuomo notes the minimum wage in 19 states, including neighbors in Connecticut, Vermont, and Massachusetts, is higher than New York.

[link to online.wsj.com]

Smiley
Anonymous Coward
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01/09/2013 03:44 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.
 Quoting: Anonymous Coward 12680882


I live in America, Job in ITALY!!!!!
 Quoting: smilesun


WOW

That must be one helluva commute captain
smilesun (OP)

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01/09/2013 03:58 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.
 Quoting: Anonymous Coward 12680882


I live in America, Job in ITALY!!!!!
 Quoting: smilesun


WOW

That must be one helluva commute captain
 Quoting: Anonymous Coward 12680882


Raising the minimum wage right now is more important than ever. Minimum wage increases stimulate the economy by increasing consumer spending, without adding to state and federal budget deficits. Consumer spending drives 70 percent of the economy, and increasing demand is key for jumpstarting production and re-hiring. A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses. Smiley
||n||->0
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01/09/2013 04:02 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.
 Quoting: Anonymous Coward 12680882


I live in America, Job in ITALY!!!!!
 Quoting: smilesun


WOW

That must be one helluva commute captain
 Quoting: Anonymous Coward 12680882


Raising the minimum wage right now is more important than ever. Minimum wage increases stimulate the economy by increasing consumer spending, without adding to state and federal budget deficits. Consumer spending drives 70 percent of the economy, and increasing demand is key for jumpstarting production and re-hiring. A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses. Smiley
 Quoting: smilesun


you're neglecting marginal changes and their impact on the AD-AS model. never underestimate the power of infinitesimals and the negative externalities that accompany said changes.

you did not respond to your bogus claim of living in the us but working in a PIIGS nation. you're a bullshiter plain and simple
smilesun (OP)

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01/09/2013 04:12 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
...


I live in America, Job in ITALY!!!!!
 Quoting: smilesun


WOW

That must be one helluva commute captain
 Quoting: Anonymous Coward 12680882


Raising the minimum wage right now is more important than ever. Minimum wage increases stimulate the economy by increasing consumer spending, without adding to state and federal budget deficits. Consumer spending drives 70 percent of the economy, and increasing demand is key for jumpstarting production and re-hiring. A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses. Smiley
 Quoting: smilesun


you're neglecting marginal changes and their impact on the AD-AS model. never underestimate the power of infinitesimals and the negative externalities that accompany said changes.

you did not respond to your bogus claim of living in the us but working in a PIIGS nation. you're a bullshiter plain and simple
 Quoting: ||n||->0 12680882

Study this ... A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses.

Smiley
CeeLite

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01/09/2013 04:13 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Minimum wage kills JOBS. If they increase it, the unemployment rate will increase.
 Quoting: Anonymous Coward 12680882


This is a bad time for it economy and big picture wise because it makes the cost of everything go up.
Anonymous Coward
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01/09/2013 04:20 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
...


WOW

That must be one helluva commute captain
 Quoting: Anonymous Coward 12680882


Raising the minimum wage right now is more important than ever. Minimum wage increases stimulate the economy by increasing consumer spending, without adding to state and federal budget deficits. Consumer spending drives 70 percent of the economy, and increasing demand is key for jumpstarting production and re-hiring. A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses. Smiley
 Quoting: smilesun


you're neglecting marginal changes and their impact on the AD-AS model. never underestimate the power of infinitesimals and the negative externalities that accompany said changes.

you did not respond to your bogus claim of living in the us but working in a PIIGS nation. you're a bullshiter plain and simple
 Quoting: ||n||->0 12680882

Study this ... A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses.

Smiley
 Quoting: smilesun


meh...are you incapable of having a conversation withoutrelying on fallacious talking points?


If the minimum wage rate is increased then the equilibrium (read: solution of the systems of linear equations that model the supply/demand relationship of labour) will change. Should the wage rate increase, demand for labour will decrease as firms have fixed costs and must make changes to their variable costs (labour is a variable cost). This indirectly varying relationship is what causes the unemployment rate to increase, or equivalently the employment rate to decrease.

The notion that one could rely on additional stimulus from any increase in the minimum wage rate is also fallacious, as firms will need to reduce their labour expenditures (worker hours, number of workers, etc.) and thus eliminating any additional spending on the aggregate level.
smilesun (OP)

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01/09/2013 04:28 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
...


Raising the minimum wage right now is more important than ever. Minimum wage increases stimulate the economy by increasing consumer spending, without adding to state and federal budget deficits. Consumer spending drives 70 percent of the economy, and increasing demand is key for jumpstarting production and re-hiring. A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses. Smiley
 Quoting: smilesun


you're neglecting marginal changes and their impact on the AD-AS model. never underestimate the power of infinitesimals and the negative externalities that accompany said changes.

you did not respond to your bogus claim of living in the us but working in a PIIGS nation. you're a bullshiter plain and simple
 Quoting: ||n||->0 12680882

Study this ... A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses.

Smiley
 Quoting: smilesun


meh...are you incapable of having a conversation withoutrelying on fallacious talking points?


If the minimum wage rate is increased then the equilibrium (read: solution of the systems of linear equations that model the supply/demand relationship of labour) will change. Should the wage rate increase, demand for labour will decrease as firms have fixed costs and must make changes to their variable costs (labour is a variable cost). This indirectly varying relationship is what causes the unemployment rate to increase, or equivalently the employment rate to decrease.

The notion that one could rely on additional stimulus from any increase in the minimum wage rate is also fallacious, as firms will need to reduce their labour expenditures (worker hours, number of workers, etc.) and thus eliminating any additional spending on the aggregate level.
 Quoting: Anonymous Coward 12680882


Study this is important in this situation: An increase a raise in the minimum wage money stock leads to a higher real money stock at each level of prices.

Smiley
Anonymous Coward
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01/09/2013 04:30 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
...


you're neglecting marginal changes and their impact on the AD-AS model. never underestimate the power of infinitesimals and the negative externalities that accompany said changes.

you did not respond to your bogus claim of living in the us but working in a PIIGS nation. you're a bullshiter plain and simple
 Quoting: ||n||->0 12680882

Study this ... A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses.

Smiley
 Quoting: smilesun


meh...are you incapable of having a conversation withoutrelying on fallacious talking points?


If the minimum wage rate is increased then the equilibrium (read: solution of the systems of linear equations that model the supply/demand relationship of labour) will change. Should the wage rate increase, demand for labour will decrease as firms have fixed costs and must make changes to their variable costs (labour is a variable cost). This indirectly varying relationship is what causes the unemployment rate to increase, or equivalently the employment rate to decrease.

The notion that one could rely on additional stimulus from any increase in the minimum wage rate is also fallacious, as firms will need to reduce their labour expenditures (worker hours, number of workers, etc.) and thus eliminating any additional spending on the aggregate level.
 Quoting: Anonymous Coward 12680882


Study this is important in this situation: An increase a raise in the minimum wage money stock leads to a higher real money stock at each level of prices.

Smiley
 Quoting: smilesun


So you cannot intelligently respond/criticize/negate my post, and have now resorted to posting unfounded rubbish.

Cool story bro
smilesun (OP)

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01/09/2013 04:36 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
...

Study this ... A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses.

Smiley
 Quoting: smilesun


meh...are you incapable of having a conversation withoutrelying on fallacious talking points?


If the minimum wage rate is increased then the equilibrium (read: solution of the systems of linear equations that model the supply/demand relationship of labour) will change. Should the wage rate increase, demand for labour will decrease as firms have fixed costs and must make changes to their variable costs (labour is a variable cost). This indirectly varying relationship is what causes the unemployment rate to increase, or equivalently the employment rate to decrease.

The notion that one could rely on additional stimulus from any increase in the minimum wage rate is also fallacious, as firms will need to reduce their labour expenditures (worker hours, number of workers, etc.) and thus eliminating any additional spending on the aggregate level.
 Quoting: Anonymous Coward 12680882


Study this is important in this situation: An increase a raise in the minimum wage money stock leads to a higher real money stock at each level of prices.

Smiley
 Quoting: smilesun


So you cannot intelligently respond/criticize/negate my post, and have now resorted to posting unfounded rubbish.

Cool story bro
 Quoting: Anonymous Coward 12680882


Two decades of rigorous economic research have found that raising the minimum wage does not result in job loss. While the simplistic theoretical model of supply and demand suggests that raising wages reduces jobs, the way the labor market functions in the real world is more complex. Researchers have examined the scores of minimum wage increases that have occurred at the state and federal level and found that these raises have not cut jobs or slowed job growth.

Smiley
BRIEF
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01/09/2013 04:38 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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01/09/2013 04:43 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
...


Raising the minimum wage right now is more important than ever. Minimum wage increases stimulate the economy by increasing consumer spending, without adding to state and federal budget deficits. Consumer spending drives 70 percent of the economy, and increasing demand is key for jumpstarting production and re-hiring. A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses. Smiley
 Quoting: smilesun


you're neglecting marginal changes and their impact on the AD-AS model. never underestimate the power of infinitesimals and the negative externalities that accompany said changes.

you did not respond to your bogus claim of living in the us but working in a PIIGS nation. you're a bullshiter plain and simple
 Quoting: ||n||->0 12680882

Study this ... A raise in the minimum wage puts money into the pockets of low-income consumers, who immediately spend it at local businesses.

Smiley
 Quoting: smilesun


meh...are you incapable of having a conversation withoutrelying on fallacious talking points?


If the minimum wage rate is increased then the equilibrium (read: solution of the systems of linear equations that model the supply/demand relationship of labour) will change. Should the wage rate increase, demand for labour will decrease as firms have fixed costs and must make changes to their variable costs (labour is a variable cost). This indirectly varying relationship is what causes the unemployment rate to increase, or equivalently the employment rate to decrease.

The notion that one could rely on additional stimulus from any increase in the minimum wage rate is also fallacious, as firms will need to reduce their labour expenditures (worker hours, number of workers, etc.) and thus eliminating any additional spending on the aggregate level.
 Quoting: Anonymous Coward 12680882


if you bothered to take Economics 101, OP, you would have learned this (above)

Nicely explained AC
clappa
smilesun (OP)

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01/09/2013 04:47 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
BRIEF
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01/09/2013 04:48 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


But that's no fun :(
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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01/09/2013 04:51 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.


where was your opinion OP?
smilesun (OP)

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01/09/2013 04:59 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


But that's no fun :(
 Quoting: BRIEF


Yes, this no fun .... for me

Anonymous Coward
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01/09/2013 15:33
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Re: America Needs a Raise: The Case for a Higher Minimum Wage

Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.


Smiley
Anonymous Coward
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01/09/2013 05:00 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
An economy that relies overwhelmingly on consumer spending can't afford to watch vast numbers of hard working citizens experience ever diminishing purchasing power.

Almost four million Americans earn wages at or below the federal minimum wage of $7.25 an hour, or nearly $15,000 a year if they work full-time. That is approximately $8,000 shy of the poverty threshold for a family of four. And given that more than half of workers earning the minimum wage or less are 25 or older, it is clear that many of these workers are trying to support a family on these extremely low pay. Contrary to widely held perceptions, most minimum-wage jobs are not held by young people who get better jobs as they age. Raising the minimum wage by just 85 cents a year for three years, plus indexing it to inflation, would directly lead to higher wages for an estimated 20 million working Americans, with another 10 million likely receiving raises as employers' pay scales adjust. And more than one quarter of the nation's children would see a parent's earnings increase.

Read all [link to www.theatlantic.com]
 Quoting: smilesun


We need a minimum wage increase like Italy needs frozen pasta.
smilesun (OP)

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01/09/2013 05:02 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.


where was your opinion OP?
 Quoting: Anonymous Coward 12680882


My opinion? ask your friend ...

Anonymous Coward
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01/09/2013 15:33
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Re: America Needs a Raise: The Case for a Higher Minimum Wage

Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga
shithole.

Smiley
BRIEF
Rebel with morals

User ID: 381742
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01/09/2013 05:02 PM

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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


But that's no fun :(
 Quoting: BRIEF


Yes, this no fun .... for me

Anonymous Coward
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01/09/2013 15:33
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Re: America Needs a Raise: The Case for a Higher Minimum Wage

Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.


Smiley
 Quoting: smilesun



With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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01/09/2013 05:05 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
Ok, you tell me what the minimum wage should be, and I'll calculate how many people I have to lay off to pay the others more.
 Quoting: BRIEF


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.


where was your opinion OP?
 Quoting: Anonymous Coward 12680882


My opinion? ask your friend ...

Anonymous Coward
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01/09/2013 15:33
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Re: America Needs a Raise: The Case for a Higher Minimum Wage

Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga
shithole.

Smiley
 Quoting: smilesun


and your answer was that you live in the usa but work in a piigs nation

like my 'friend' said that must be one helluva a commute

instead of acting like a cunt filled with sand because shit did not go your way man the fuck up and let your balls drop
smilesun (OP)

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01/09/2013 05:14 PM

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...


My friend, If you do not agree with this article please contact the author not me Smiley
 Quoting: smilesun


But that's no fun :(
 Quoting: BRIEF


Yes, this no fun .... for me

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01/09/2013 15:33
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Re: America Needs a Raise: The Case for a Higher Minimum Wage

Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.


Smiley
 Quoting: smilesun



 Quoting: BRIEF


The Spartans were extremely proud of their country and their culture. When someone would threaten them or question their way of doing things, the answer was often would have been: "This is Sparta!" As in "This is Sparta, and this is how we roll, and we're d---d proud of it."

Smiley
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01/09/2013 05:17 PM

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But that's no fun :(
 Quoting: BRIEF


Yes, this no fun .... for me

Anonymous Coward
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01/09/2013 15:33
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Re: America Needs a Raise: The Case for a Higher Minimum Wage

Hey OP what the fuck is it to you?

You live in a PIIGS nation. Worry about the shit in your own bunga-bunga shithole.


Smiley
 Quoting: smilesun



 Quoting: BRIEF


The Spartans were extremely proud of their country and their culture. When someone would threaten them or question their way of doing things, the answer was often would have been: "This is Sparta!" As in "This is Sparta, and this is how we roll, and we're d---d proud of it."

Smiley
 Quoting: smilesun


Which is why they never had problems with Liberal idiots trying to raise the minimum wage...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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01/09/2013 05:18 PM
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Re: America Needs a Raise: The Case for a Higher Minimum Wage
If you we worth more than minimum wage, you'd earn it.

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