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

  1. #31
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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by Mycroft View Post
    Yes. Why do you consider that a problem?
    You've encapsulated the right wing view on this matter perfectly.
    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.

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

    Quote Originally Posted by opendebate View Post
    i started my post my admitting I don't know alot about economics.
    Then you started your post admitting what Boehner has said countless times.
    Problem for Democrats is, we can't clone Paul Ryan enough times to chair every House committee .
    Physics is Phun

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

    Quote Originally Posted by HenryChinaski View Post
    You've encapsulated the right wing view on this matter perfectly.
    Perhaps. On the other hand, you didn't answer my question.
    TANSTAAFL

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

    Quote Originally Posted by opendebate View Post
    If you have such a fragile little ego that you need to be an ass despite that, then **** off
    Don't let him do this do you.
    Speak to someone of like mind when they do this and ignore them .
    Physics is Phun

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

    Quote Originally Posted by NIMBY View Post
    Don't let him do this do you.
    Speak to someone of like mind when they do this and ignore them .
    good point. thanks. down side is that people of like mind don't challenge you the same way. I should have known better.
    "Judge a man by his questions rather than his answers" - Voltaire
    "There is nothing noble in being superior to your fellow men. True nobility lies in being superior to your former self" -Hemingway

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

    There are other economists and credible research that tells a different story. One that shows it will likely have little or no negative impact on jobs and will give a small boost to the economy.

    Seven Nobel Economists Endorse a $10.10 Minimum Wage - Businessweek

    “At a time when persistent high unemployment is putting enormous downward pressure on wages, such a minimum-wage increase would provide a much-needed boost to the earnings of low-wage workers.”
    “the weight of evidence now show[s] that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market.”
    Raising the Federal Minimum Wage to $10.10 Will Not Lead to Job Loss | Economic Policy Institute

    This finding is consistent with the most recent, highly rigorous, peer-reviewed economic literature based on an analysis of real-world minimum wage increases across counties on state borders that shows essentially no disemployment effect resulting from raising the minimum wage.2 - See more at: Raising the Federal Minimum Wage to $10.10 Will Not Lead to Job Loss | Economic Policy Institute
    This is a pretty comprehensive study demonstrating how minimum wage increases play out across America.

    edu/workingpapers/157-07.pdf

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

    Ever and always...those that arent in 'the business' have the 'answers'. Perhaps the 'CBO' and others should show how successful they are at running small businesses and at wage/salary management.

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

    Quote Originally Posted by DA60 View Post
    CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    'Increasing the U.S. minimum wage may lift some workers out of poverty while leading to as many as 1 million job losses, according to a report from the Congressional Budget Office.

    The report was seized on by House Speaker John Boehner, an Ohio Republican who opposes President Barack Obama’s call to increase the minimum wage to $10.10. The federal minimum wage is currently $7.25 an hour.

    ...A change in employment probably would range from a “very slight reduction” to a decrease of 1 million jobs, CBO said. Some workers would lose their jobs as companies look to offset the change by reducing payrolls, according to the report.'



    CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs - Bloomberg
    And in a related development, water is wet. Are there really people who didn't see this coming? Do those people believe in unicorns too?
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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

    Quote Originally Posted by HenryChinaski View Post
    More money in the working man's pocket means he'll spend more at Wal-Mart. More money going back into the economy means happier businesses.
    If the money came from wal-mart in the first place, then it's not more money going back into the economy, it's a net loss for Wal-Mart and the economy.
    Last edited by cpwill; 02-18-14 at 07:54 PM.

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

    Quote Originally Posted by Jack Hays View Post
    And in a related development, water is wet. Are there really people who didn't see this coming?
    The ability of people to deny what they do not wish to believe should never be underestimated.


    Dang, I ought to put that up in quotes and trade-mark it.

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