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Thread: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recession

  1. #161
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SlevinKelevra View Post
    at the height of the recession there were about 4 unemployed for every job opening total, right?
    So even if every unemployed person had decided to accept a part time minimum wage job, there still wouldn't have been enough jobs for every unemployed person to have one.

    Good point.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SlevinKelevra View Post
    didn't you hear, next year trickle down will finally kick in. just had to build up for 35 years first.
    Where did I mention trickle down economics? Oh right, I didn't. What I said works on the same principle as welfare increasing companies profits.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by imagep View Post
    So even if every unemployed person had decided to accept a part time minimum wage job, there still wouldn't have been enough jobs for every unemployed person to have one.

    Good point.

    Unemployed Job Seekers per Opening (JOLTS data) - New York State Department of Labor
    It was actually worse than 4, but anyways

    correct, it's kind of just a worse version of having structural unemployment.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by Henrin View Post
    Where did I mention trickle down economics? Oh right, I didn't. What I said works on the same principle as welfare increasing companies profits.
    Where did I say you did?
    Oh right, I didn't.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SlevinKelevra View Post
    Unemployed Job Seekers per Opening (JOLTS data) - New York State Department of Labor
    It was actually worse than 4, but anyways

    correct, it's kind of just a worse version of having structural unemployment.
    And along the same line of thought, a lot of people were claiming that our unemployment situation was caused by not having enough STEM college grads ("get some job skills"). Even if every unemployment person had a doctorate in a STEM subject, there still wouldn't have been enough jobs to employ them all.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  6. #166
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by whysoserious View Post
    If you cared about the working poor, you would want less of those jobs. Working those jobs is an accurate description of what Hell must be like.
    If more people worked those types of jobs, people will gain some appreciation, but lets put some things in perspective. It's not hell. It's annoying, and it's frustrating, and its very demanding, but you're not going to be paid more simply because you complain about how annoying, frustrating or demanding your job is.

    There are plenty of different professions where people complain about how they aren't paid enough for what they do. Ultimately, what defines your income is your productivity, and low wage sectors, like retail trade/leisure & hospitality generally contribute less to the economy than all the other sectors, in percentage terms anyway.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by WallStreetVixen View Post
    ...Ultimately, what defines your income is your productivity, and low wage sectors, like retail trade/leisure & hospitality generally contribute less to the economy than all the other sectors, in percentage terms anyway.
    So Paris Hilton is very productive?

    In an ideal world, income would be based upon productivity. We would have a meritocracy. In the real world, income is based upon negotiating power.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by ttwtt78640 View Post
    How do you explain that while while less than 3% of the US workforce makes the MW that 15% (or more) rely on the "safety net"?
    Tons of large corporate chains have an automatic pay raise after six months of 25 to 50 cents an hour. These people technically don't make minimum wage, but should still be counted when you throw around numbers like this.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by WallStreetVixen View Post
    You've had 9 minimum wage increases since 1938, and somehow this keeps happening...



    This is because welfare programs increase effective marginal tax rates of low-income earners.
    Minimum wage hasn't kept up with inflation for like 50 years.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  10. #170
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by imagep View Post
    So Paris Hilton is very productive?

    In an ideal world, income would be based upon productivity. We would have a meritocracy. In the real world, income is based upon negotiating power.
    In an ideal world would the price you pay for something be based upon how much money you have as well?

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