I've posted several pieces that aren't merely opinion. They include data. Of which, one looks at McDonald's franchises needing a less than 3% Gross Sales to cover a minimum wage hike and Walmart needing a 1.1% to cover.

You can extrapolate those increases in raw goods, through the chain. Care to extrapolate?

If we're going to extrapolate all cost impacts, then we have to consider the impact of 30-40% more disposable income for the bottoms tiers of the workforce.


It's good to acknowledge the benefits given business are at the cost of the worker. Why not let the 'free market' take care of them and leave government out of it?

 

You're saying the data is wrong?
 

You poor thing. 

Thanks for continuing to confirm to everyone that it's true.

The data is incomplete. I don't know if the conclusion is right or wrong.

You seek out studies that conform to your beliefs and accept them as the gospel. You make no attempt to disprove your own theories. For every article that you find that conforms to your beliefs, there's another that doesn't.




For example, from forbes

It is estimated that less than 15% of the total increase in wages resulting from an increase in the minimum will go to people below the poverty line and less than a third of those receiving the minimum wage are families below the poverty line. Most minimum wage workers are from above median income families. So, most of the people benefiting from the minimum wage are not the intended targets of the “anti-poverty” aspect of raising the minimum wage.

As a jobs program, raising the minimum wage is a real loser. Congress raised the minimum wage 10.6% in July, 2009 (know of anyone else getting a raise then?). In the ensuring 6 months, nearly 600,000 teen jobs disappeared, even with nearly 4% growth in the economy, this compared to a loss of 250,000 jobs in the first half of the year as GDP growth declined by 4% Why? When you raise the price of anything, people take less of it, including labor. The unemployment rate for teens remains unacceptably high. Workers of all ages that are relatively unskilled are adversely impacted by this policy.

Hmmm, what else was going on in 2009? Could it be the Great Recession and the collapse of major Wall Street firms in late 2008 may have some influence? But don't let those pesky facts get in the way.

The other thing to look at is what people are getting paid now compared to before. I was working a retail job in the 70's while in college and getting paid $ 4.50 to start. In 2014, my daughter is working an equivalent job making only $ 7.75. Gas was under $ .90 for me, now $ 3.80. I rented a 3 bedroom house for $450. A small studio apartment is now over $ 800.00 in a decent neighborhood. The pay to those on the lowest rung has gotten smaller and smaller. Profits for the largest companies are at record highs. Their tax bill are at all time lows.

I was listening to a person from the Heritage Foundation the other day saying we should expand the earned income credit for those earning under poverty wages. So the gov should in effect subsidize Walmart being a cheap ass instead of raising the minimum wage. Every study shows that whatever increase wages those at the low end receive are instantly spent and goes to economic growth. That is because they live paycheck to paycheck.

I have been thinking about finding the right doctor to help me get a social security check, medicaid, housing and food assistance. I don't think the oil companies, walmart and the rest of corporate America should be the only ones with their hands out...enjoying the fruits of tax payer labor.

I will be happy to take a drug test as long as i can get in the CEO pee pee test line. The one where they have to prove they don't do drugs before they get their free millions each quarter.

Get in the way of what? Could it be, yes. Could it not be, yes.

Correlation and causation are two different things. Did violent crime drop in NYC in the 90's because Giuliani's broken window policies, or was it the economic boom. Maybe it was the disappearance of leaded gasoline.

It depends on the agenda of who you ask.


In 1974 minimum wage was $2.00. If you were making $4.50 to start that wasn't because the government mandated it.

My fellow Americans, ask not what your country can do for you, ask what you can do for your country.

This statement has been edited to match current politician personality/sentiment.

Several people have addressed this is a round about way but do you think you're helping by increasing minimum wage?

"According to the Bureau of Labor Statistics, 1.8 million paid-hourly employees were paid the federal minimum wage of $7.25 in 2010.5 These 1.8 million employees can be broken down into two broad groups:

* Roughly half (49.0 percent) are teenagers or young adults aged 24 or under. A large majority (62.2 percent) of this group live in families with incomes two or more times the official poverty level.6 Looking just at the families of teenaged minimum wage workers, the average income is almost $70,600, and only 16.8 percent are below the poverty line.7 Note that the federal minimum wage applies to workers of all ages.8
* The other half (51.0 percent) are aged 25 and up.9 More of these workers live in poor families (29.2 percent) or near the poverty level (46.2 percent had family incomes less than 1.5 times the poverty level).10However, even within this half of all minimum wage employees, 24.8 percent voluntarily work part-time, and just 34.3 percent are full-time full-year employees.11

Only 20.8 percent of all minimum wage workers are family heads or spouses working full time, 30.8 percent were children, and 32.2 percent are young Americans enrolled in school.12 The popular belief that minimum wage workers are poor adults (25 years old or older), working full time and trying to raise a family is largely untrue. Just 4.7 percent match that description.13 Indeed, many minimum wage workers live in families with incomes well above the poverty level."

Congressional Budget Office (CBO) claims that raising the nation’s minimum wage to the arbitrary rate of $10.10 per hour would cost at least 500,000 job losses by the second half of 2016 alone.

[Link: cbo.gov]

Why stop at 15 why not 26 or 28 and let them really live good? That's what Democrat Congresswoman Barbara Lee thinks.

I like the "teenagers" line of BS. The problem with that nonsense is in 2014 the gap between rich and poor is so great that teenagers no longer work just for extra money. They are counted on to help support the family... mostly because...drum roll...

Minimum wage hasn't kept up with inflation!

And those 24 year olds living at home? It's because they can't afford to live on their own...mostly because....drum roll...

Minimum wage hasn't kept up with inflation!

Why hasn't minimum wage kept up with inflation? Well it started when the rich found a very good actor to spread their BS for them.



While everything got more expensive and the minimum wage stayed the same...the rich guys started building bigger...



And better...



So instead of paying a fair wage and earning a fair profit corporate America pays slave wages and lives like slave masters.





Do you know what this is?



You will someday soon. Enjoy your "right to work" and keep blaming your problems on the gays and minorities.

So you completely ignored the part about most of those teens live in homes earning over $70,000.

Those 24 year olds still live at home because our culture is getting worse and worse about a lack of maturity. In those golden 60's and 70's when the minimum wage was so wonderful, kids considered themselves adults around the age of 18 to 21. They got real jobs, learned to take care of their self. Now, surveys have shown kids don't consider themeselves adults until around 25 or 26. Parents keep them on their tab, bail them out without letting them face any repercussions, and coddle them until they close in on 30.

I don't blame them, they're just pawns for the democrats. Who last time I looked own a shit load of giant companies and are just as rich as the guys on the other side of the isle.

Every full time American should earn north of $50k. Those households that earn over $70k are making $30k less than they need to have a nice home, put their children through school etc.

$100k of household income (not counting the kids paychecks) is required if you expect families to be able to save and educate their children.


I don't disagree with the man-child sentiment but i think its got a little chicken-egg going on. The 24 year olds stay home because they cant afford to live on their own and mom treats them like they are still 5 years old. They can't all get real jobs because there aren't enough real jobs out there.

50 years ago an 18 year old could walk into a factory and stand in the same spot performing his stage of assembly all day. The work was mindless drone work but it was work. Today the options are starbucks or home depot for 1/4 of what the factory jobs pay. Could you get up every morning and go to one of those jobs?