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Thread: SOTU Address:[W: 378; 1310; 1451]

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by uhohhotdog View Post
    The majority of people that make minimum wage are over 20. It may have been intended for kids but it's not how it works in real life.

    Now I'd be prepared to create a training wage that would be used for kids/young adults that have zero work experience that would end at 1 year experience.
    Link it, and t make the argument for value. Otherwise, your post is just uninformed liberal rambling.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Bronson View Post
    How is it going to be a major stimulus when many companies are reducing worker hours to 29 because of Obamacare regulations
    The fact is that that higher wages don’t just help those getting the raise,it also helps the nations economy by increasing consumer spending. I read something about a 2011 study by the Chicago Federal Reserve Bank which shows that every dollar added to minimum wage results in $2,800 in additional spending by that worker’s household. Itsa win, win all the way around.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: SOTU Address:

    OMG you're right. I'm showing my age

    Quote Originally Posted by danarhea View Post
    Call someone an android 20 years ago, he would have thought you were calling him a robot. Today, if you call someone an android, he thinks you are accusing him of having the personality of a telephone.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by uhohhotdog View Post
    The majority of people that make minimum wage are over 20. It may have been intended for kids but it's not how it works in real life.

    Now I'd be prepared to create a training wage that would be used for kids/young adults that have zero work experience that would end at 1 year experience.
    I'm calling this claim BS.

    There are MILLIONS of kids working every summer, cutting lawns and trimming hedges, who are paid "off the books" so to speak, often for LESS than minimum wage.

    I started at about 12 myself.

    They're washing cars, and shoveling snow, too....

    There's NO way to get an actual realistic figure on your claim.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Whipsnade View Post
    The fact is that that higher wages don’t just help those getting the raise,it also helps the nations economy by increasing consumer spending. I read something about a 2011 study by the Chicago Federal Reserve Bank which shows that every dollar added to minimum wage results in $2,800 in additional spending by that worker’s household. Itsa win, win all the way around.
    It doesn't increase consumer spending. It creates more unemployment. The fact of the matter is, businesses are reducing workers to 29 hours a week because of Obamacare regulations. Raising the minimum wage will only hurt these workers more, while at the same time it will crowd out young unskilled workers and minorities out of the Labor Market. You are not calculating the opportunity costs associated with a minimum wage increase. For every household that sees a 2800 increase, another has lost their income as businesses adjust to increased costs. They also charge more for their Goods and Services. It hurts the economy. It doesn't help it.

    Consumer spending is on the decline as well - Retail sales growth slows as higher taxes kick in | Reuters

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Eighty Deuce View Post
    Link it, and t make the argument for value. Otherwise, your post is just uninformed liberal rambling.
    Myth: The only Americans working for the minimum wage are teenagers.

    Reality: 63 percent of minimum-wage workers are adults age 20 or over. (Source: Bureau of Labor Statistics)

    Contrary to popular opinion, the average worker affected by an increase in the minimum wage is not just a teenager flipping hamburgers. Only one in fourteen is a teenage student from a family with above average earnings.

    The fact is, almost two-thirds of minimum wage workers are adults, and four in ten are the sole bread winner of their family.
    The Case for Raising the Minimum Wage

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    Re: SOTU Address:

    Quote Originally Posted by Wayno View Post
    The only stupidity that appears to be on display is yours....

    So let me get THIS straight......

    You completely fail to understand my statement, then go blindly on misrepresenting what I said, SOMEHOW find a reference to Republicans that doesn't exist, and wind up your display of overt ignorance by calling someone ELSE stupid.........

    Do your folks know you're playing on their computer, little girl?
    Instead of attempting to hurl insults, why not expand on your comment. If you meant it as a blanket truism - that raising the mimimum wage WOULD generate more tax revenue by having MORE employees paying federal income taxes, then we agree. But if yours was an attempt at sarcasm, a hidden segway if you will as if to say, "the only reason the President suggested raising the minimum wage rate was so the fed could generate more tax revenue so they could then spend it," you'd basically be playing both ends against each other. Think it through...

    If Republicans had their way they wouldn't raise taxes on anybody for any reason - PERIOD! Yet their leadership has constantly said that the best way to raise revenue is by having more people employeed who would then pay into the federal tax system. Thus, I ask again, why would Republicans be opposed to this measure? You're fighting against your own anti-tax (increase) idealogy.

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by uhohhotdog View Post
    So many wrong things here. First of all minimum wage has NOT kept up. If it had, it would be over $10 right now. Second, you're trying to tell me that someone's full time work is worth so little that they can not possibly support theirself on it? You think so little of people that they're not worth making a living? You continue to sicken me.
    Yes, minimum wage is not designed to support "independent living". Minimum wage in 1970 was $1.25/hour, if I remember correctly, and adjusted for infltion that is now about $7.40/hour. When I worked at that wage I needed a roommate to get a small appartment and afford a barely running used car. After four and a half years I had a much better job and an AA degree in Comptuer Data Processing from a local community college. I worked full time and took classes part-time, still lived with roommates and bought a small 3/bedroom 1/bath house - renting out two rooms.

    CPI Inflation Calculator
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    re: SOTU Address:[W: 378; 1310; 1451]

    Quote Originally Posted by Whipsnade View Post
    The fact is that that higher wages don’t just help those getting the raise,it also helps the nations economy by increasing consumer spending. I read something about a 2011 study by the Chicago Federal Reserve Bank which shows that every dollar added to minimum wage results in $2,800 in additional spending by that worker’s household. Itsa win, win all the way around.
    And an increase in COSTS for that family's household well in excess of that.....

    It's not ABOUT higher wages.

    If it WAS, they'd seal the border, making "cheap" labor EXPENSIVE when it became rarer, and wages would go up NATURALLY....

    What it's REALLY about is a tremendous boost in tax revenue to the Federal government, as they can now apply their percentage of tax to a higher gross across the land, or so they think.

    But what really happens is less people get hired, and more family members become employees, because it;s cheaper than hiring someone.

    And a lot more of the work in America is done "off the books."

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    Re: SOTU Address:

    Quote Originally Posted by Wayno View Post
    Actually, gas prices are at record highs.....
    Does the President set gas prices? Does speculation increase gas prices? Do you have a solution that will bring gas prices down?

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