The multiplier effect (the amount of GDP that is increased by one dollar of spending) for low-income earners is according to a Dartmouth study titled “real time estimates of the effect of the American recovery and reinvestment act “the multiplier effect is between 1.96 to 2.31.which is pretty good, considering that infrastructure spending,which most consider the gold standard for stimulus spending is 1.85.And anyone making $9.00 bucks (let alone the current rate) an hour would/ will,imo qualify as low-income workers.
By the way please explain to me how increasing the economy, by putting more money into the peoples pocket that have lost ground for the last thirty years”will crowd out young unskilled workers and minorities out of the Labor Market “.Who makes up the majority of those that will get their wages kicked up.
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
I don't know what guest workers have to do with this.
Raising the minimum wage is more likely to create jobs because it will put money into the hands of people that can not afford to spend who will now be able to. You will have people that could not afford to buy a house or rent who will now be able to. Your argument against raising it is that it will never get to the levels others wish so you'd simply rather wages continue to slide downwards(through inflation) to horrible levels just because it won't be "enough".
Allowing people to have a basic living at minimum wage does NOT stop people from gaining more skills/experience. Not everyone on minimum wage is some lazy scumbag/dropout that you conservative/libertarians seem to think. People work those jobs for many reasons.
If people expect their job to pay relative to minimum wage then that shows how disgusting their true nature is. They're more worried about someone "beneath" them earning closer to what they make. Sickening. I've made my way to an above minimum wage job. It's still not where I want to be but it's a move up. I don't care if those past horrible jobs I had now pay what I'm making now or more so because I'd be happy that there are more people that are able to afford a basic living rather than having to scrape by or work 7 days a week to afford what they can. Your wage does not make your more or less of a person than others. That's one of the real problems in this country. Everyone values each other by what they have rather than who they are.
If you adjust wages for inflation, all those cost increases soon become meaningless.
I can't believe how little people here care about others. It's all everyone for themselves. So disgusting. It makes me literally sick to my stomach that people actually think this way.
In fact ( I know how conservatives hate facts ) the president is responsible for the lowest government spending growth in 60 years, according to the Wall Street Journal's Market Watch.
Reagan had the greatest spending at Annualized Growth of Federal spending in his first term at 8.7% Bush's second term had the second highest at 8.1%. His first term was at 7.3%
Obama has had the lowest at 1.4%. Next to Obama was Clinton first at 3.2% and Clinton second at 3.9%
Fact: the president's record is exactly the opposite of what Romney says. And how long ago was this statistic released by the Wall Street Journal and subsequently affirmed by fact checkers? Five months ago.
Furthermore, I can name two Democratic presidents who've cut the deficit through the duration of their presidencies: Clinton and Obama. And what about Republican presidents? Bush 43? He turned a $200 billion surplus into a $400 billion deficit by the end of his first term, and a $1.2 trillion deficit by the end of his second term. Bush 41? No. Reagan? No. Ford? No. Nixon? No. The last Republican president who cut the deficit was Eisenhower. Of course we don't see Republicans like Ike anymore, do we?
Extremism: A threat at home, a threat abroad.
Extremism: A threat at home, a threat abroad.
The language of liberals. Usually confusing, sometimes dangerous, mostly false.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb