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Thread: Dems seek to rally base over GOP's block of minimum wage bill

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    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by vasuderatorrent View Post
    I don't follow your logic (or lack thereof). Why would people leave the work force just because the minimum wage was higher?
    Because the jobs that can go somewhere else.

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    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Top Cat View Post
    Right wing radio claims yet another victim.
    Nonsense. Nothing is stopping your employer from paying you more.

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    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Excon View Post
    Clear evidence that Dems are all about getting votes and not in doing what is best for the country.
    A minimum wage is certainly the 'easy way' to go for the Dems. Sorry to say, it is miserable econimics.

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    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by vasuderatorrent View Post
    Some very small businesses can't afford the wage increase. They just shut down their business. Some larger business budget a certain amount of money for wages. If the minimum wage increases they have to fire some of the people to make up the difference. It's a logical theory. I don't know if it really pans out that way in reality but it is logic. Let me give you a simplistic example. There are too many factors but this will at least help you understand the logic behind the claims.


    A large company budgets $4,976,400.00 for salaries for 2014. The company has 330 employees all being paid minimum wage. If minimum wage increases to $10.10 per hour the company is only willing to pay 237 employees at that cost. 93 people will be fired right off the bat.

    330 employees x $7.25 x 40 hours x 52 weeks = $4,976,400.00
    237 employees x $10.10 x 40 hours x 52 weeks = $4,978,896.00

    That means that 28% of people earning minimum wage will lose their job.
    If 6,000,000 are earning minimum wage then 1,680,000 will lose their job. That's the logic. Don't get pissed at me though. This is just the logic with a simplistic example. There are billions and billions of factors to consider. Nobody has a crystal ball. Nobody can predict the impact of increasing the minimum wage. Consult your capitalistic religion or socialistic religion for the true answers.
    I really like it. However since I asked, "How would increasing the minimum wage reduce unemployment?". Your answer could be, increasing the minimum wage does not reduce unemployment rates, it makes unemployment numbers worse...and here is why.

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    Re: How $10.10 an hour could get votes in November

    Point one percent economic growth last Quarter. Now people in Congress who think that Arithmetic can be defeated want to engender a round of inflation.

    We are so screwed.
    Quod scripsi, scripsi

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    Re: How $10.10 an hour could get votes in November

    I don't think this issue will help them in November. I think gun control is a better issue to talk about since 90% of americans support it and the republicans are opposed to any sane gun regulation. Either way they are toast because of the obamacare.
    bears, bulls, white sox fan 4 life!!!

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    Re: How $10.10 an hour could get votes in November

    It might get them votes, but not mine. Nor will it get them votes from anybody who's even slightly economically literate.

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    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Top Cat View Post
    I didn't say it caused unemployment to go down. But all the naysayers were sure it would immediately increase unemployment. The opposite happened. So you tell me, what happened?
    I just reviewed some of the data, and the increase in the minimum wage did immediately increase unemployment. When WA raised their minimum wage, unemplyment there spiked (near 8%) well above the national average (about 6%). Over the past couple of years, it has gradually decreased to slightly below the national average just last year.

    Louisiana has no minimum wage laws, and has an much lower unemplyoment rate than the national average. Nevada on the other hand has has a higher than federal mininmum wage rate and their unemplyoemnt rate is one of the worst in the country.

    So, it's just possible that there is more involved than just minimum wage, and it's very likely that if WA did not have as high a minimum wage that it has, the unemployment rate in WA could be even lower then currently.
    Last edited by buck; 05-01-14 at 10:28 AM.

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    Re: How $10.10 an hour could get votes in November

    Social security has been stepped on with raises like 1.1% and the military vets get next to nothing for their sacrifices yet the lottery playing crack head sum that is too lazy to get an education and or to better them selves want more money for achieving nothing.........nothing. "GIVE" us more money as opposed to help us get that high school diploma or trade school diploma. The bill is crushed by Americans and the fact is this joke was never going to pass because the fed. has stated it would cause millions of jobs to simply disappear. So now the dem liars will get up on their podiums and shout how evil republicans are and how dems are for the people. What the hell, it got Obama elected!!

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    Re: Dems seek to rally base over GOP's block of minimum wage bill

    Quote Originally Posted by Top Cat View Post
    I think there will be some interesting back and forth about this given that, according to Navy Times, the edict from the White House that government contractors adhere to the new minimum wage rules that Obama wants passed nationwide led to the announcement that up to 5,700 fast food jobs on military bases would be lost as chains announced closures.

    I think Obama screwed up here. By taking his preferred royal edict route to getting what he wants he has simply given everyone a window in to how his plan will effect those making minimum wage.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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