Page 2 of 22 FirstFirst 123412 ... LastLast
Results 11 to 20 of 220

Thread: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

  1. #11
    Banned
    Join Date
    Feb 2008
    Location
    Theoretical Physics Lab
    Last Seen
    01-06-15 @ 11:06 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    25,120

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    This argument has been going on for decades. If the right had their way most would be making a dollar a day. Henry Ford was right on the money.
    Tell me - how long will someone be able to stay alive while working for a dollar a day? How long will they work that job for a dollar a day?

    These are probably the two nicest questions I can ask you. The rest involve your mental acuity and your propensity for mind-altering substances.

  2. #12
    Sage

    Join Date
    Feb 2013
    Last Seen
    12-04-17 @ 09:36 AM
    Gender
    Lean
    Libertarian
    Posts
    12,361

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by Erod View Post
    He'll spend more at Wal-mart, but take home the same merchandise. Cost goes up, prices go up, too. It's already happening as grocery prices are taking off.
    That is how inflation chases its tail.

  3. #13
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by GottaGo View Post
    No, actually it means more money in Wal-Mart and their off-shore suppliers pockets.

    Seems Pelosi think this was the Case GG.....and then that if they went with what Obama tried last time. That it would be less hurtful.....huh?

    House Minority Leader Nancy Pelosi said in a statement that “no matter how the critics spin this report, the CBO made it absolutely clear: raising the minimum wage would lift almost one million Americans out of poverty.”

    A smaller minimum wage hike to $9 per hour—the plan Obama floated last year—would have a less dramatic effect on the economy, CBO projected, with 7.6 million Americans seeing a rise in wages and overall employment declining by 100,000 workers.

    Read more: Minimum Wage: Congress Office Says Hike Would Lift Earnings, Cost Jobs | TIME.com Minimum Wage: Congress Office Says Hike Would Lift Earnings, Cost Jobs | TIME.com

  4. #14
    Sage
    Mycroft's Avatar
    Join Date
    Oct 2011
    Last Seen
    Today @ 12:45 PM
    Gender
    Lean
    Conservative
    Posts
    25,873

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    This argument has been going on for decades. If the right had their way most would be making a dollar a day. Henry Ford was right on the money.
    Nope, you are wrong.

    If the right had their way, most would be making whatever they can sell their talents and ability for on the open market.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

  5. #15
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 11:47 AM
    Lean
    Conservative
    Posts
    13,073

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by fmw View Post
    That is how inflation chases its tail.
    Yep, and until more people understand that there is no inherent value in a piece of paper that says $1 on it, we'll never get anywhere.

    Such a basic lack of understanding of math/economics is almost criminal. They didn't dig "Benjamins" out of a mine in the Ukraine. It is simply a piece of paper that represents a value unit of economy. Just giving people more of it for no reason doesn't make them more valuable. It just means they have more paper to keep up with.

    Politics drive inflation. A dollar shouldn't be worth more than it was 30 years ago, but it does because people do mindless and meaningless things like raise the minimum wage.

  6. #16
    Wee Nyeff
    GottaGo's Avatar
    Join Date
    Dec 2012
    Location
    In the now
    Last Seen
    05-23-17 @ 02:58 PM
    Lean
    Independent
    Posts
    5,311

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by MMC View Post
    Seems Pelosi think this was the Case GG.....and then that if they went with what Obama tried last time. That it would be less hurtful.....huh?

    House Minority Leader Nancy Pelosi said in a statement that “no matter how the critics spin this report, the CBO made it absolutely clear: raising the minimum wage would lift almost one million Americans out of poverty.”

    A smaller minimum wage hike to $9 per hour—the plan Obama floated last year—would have a less dramatic effect on the economy, CBO projected, with 7.6 million Americans seeing a rise in wages and overall employment declining by 100,000 workers.

    Read more: Minimum Wage: Congress Office Says Hike Would Lift Earnings, Cost Jobs | TIME.com Minimum Wage: Congress Office Says Hike Would Lift Earnings, Cost Jobs | TIME.com
    With all due respect, MMC, I don't give a flaming *whatever* Pelosi thinks. Because Pelosi doesn't think before she opens her yap.
    Building block or stumbling block.... choose.

  7. #17
    Guru
    HenryChinaski's Avatar
    Join Date
    Nov 2013
    Location
    Chitown
    Last Seen
    Today @ 11:19 AM
    Gender
    Lean
    Very Liberal
    Posts
    3,538

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by Mycroft View Post
    Nope, you are wrong.

    If the right had their way, most would be making whatever they can sell their talents and ability for on the open market.
    Of course, the right wing "free market" mantra. Abolish minimum wage, let the market take over and people will earn what they're worth! That's just a smokescreen for paying people a dollar a day.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

  8. #18
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by GottaGo View Post
    With all due respect, MMC, I don't give a flaming *whatever* Pelosi thinks. Because Pelosi doesn't think before she opens her yap.
    Yeah well, she isn't the one trying to fall back to Obama's Old default with the minimum wage either......moreover we know that the Democratic States and even Cities, will raise theirs. Regardless what takes place with Obama. This is all about the Demos strategy for running into the election. Even though this article only mentions it briefly.


    Obama and congressional Democrats have been trying to make the minimum wage a key issue ahead of the 2014 midterm elections, arguing that the federal government should do more to combat income inequality. Obama said during his State of the Union address last month that he would issue an executive order raising the minimum wage for a limited number of federal contractors, but an increase in the minimum wage for all workers requires congressional action.....snip~

    Read more: Minimum Wage: Congress Office Says Hike Would Lift Earnings, Cost Jobs | TIME.com Minimum Wage: Congress Office Says Hike Would Lift Earnings, Cost Jobs | TIME.com

  9. #19
    Sage
    Mycroft's Avatar
    Join Date
    Oct 2011
    Last Seen
    Today @ 12:45 PM
    Gender
    Lean
    Conservative
    Posts
    25,873

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    Of course, the right wing "free market" mantra. Abolish minimum wage, let the market take over and people will earn what they're worth! That's just a smokescreen for paying people a dollar a day.
    Are you a proponent of government price fixing?

    If so, are you aware of the consequences when the government does that sort of thing?
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

  10. #20
    Guru
    HenryChinaski's Avatar
    Join Date
    Nov 2013
    Location
    Chitown
    Last Seen
    Today @ 11:19 AM
    Gender
    Lean
    Very Liberal
    Posts
    3,538

    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by Mycroft View Post
    Are you a proponent of government price fixing?

    If so, are you aware of the consequences when the government does that sort of thing?
    If there isn't a minimum pay then employers will seek labor for as little as they can get it.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

Page 2 of 22 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •