Page 35 of 57 FirstFirst ... 25333435363745 ... LastLast
Results 341 to 350 of 567

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

  1. #341
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:31 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,981
    Blog Entries
    1

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

    Quote Originally Posted by US Conservative View Post
    I just offered you several links to Mises after YOU mentioned him, and you didn't read one.
    Because I used to drink that coolaid, I probably know the theories BETTER than you do, and I have renounced it. Yes, I declare Mises WRONG. History PROVES it wrong, over and over again.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  2. #342
    Banned
    Join Date
    Nov 2013
    Location
    Between Athens and Jerusalem
    Last Seen
    05-18-16 @ 07:06 PM
    Gender
    Lean
    Conservative
    Posts
    33,522

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

    Quote Originally Posted by KevinKohler View Post
    Not with an established minimum wage, though...it forces labor to never fall bellow a certain wage, regardless of supply or demand.
    Which is why its destined to fail, the laws of economics dont change for politics.

  3. #343
    Guru
    Declan's Avatar
    Join Date
    Nov 2014
    Last Seen
    03-03-17 @ 04:36 PM
    Gender
    Lean
    Progressive
    Posts
    4,670

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

    Quote Originally Posted by KevinKohler View Post
    Not with an established minimum wage, though...it forces labor to never fall bellow a certain wage, regardless of supply or demand.
    Hire them as independent contractors and get rid of that whole MW thing altogether then.

  4. #344
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:31 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,981
    Blog Entries
    1

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

    Quote Originally Posted by Henrin View Post
    Executives have the job of keeping the businesses profits up. It would take time, but after the threshold is reached profits would start to decrease. The only real issue is how long would it take them to realize the source of the problem. Would they be as clueless as Jcpenny and keep throwing stuff at the wall when the problem is right there in their face for all to see? You have to wonder how stupid executives really are sometimes.
    Stupid? A bet you the executive from JCpenny is living a nice life right now. They're only stupid if you assume their goal is to do what's best for the most, not what's best for them, personally.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  5. #345
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Today @ 06:18 PM
    Gender
    Lean
    Independent
    Posts
    23,584

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

    Quote Originally Posted by US Conservative View Post
    Maybe you should answer the question. I think you remember what it is.
    the minimum wage is a floor wage. Other wages are largely based upon perceived value of different jobs, whether that perception of value is real or not. If the floor wage drops, then wages above that amount will tend to drop, or at least not tend to increase. When wages of the masses are stagnate or reducing, demand also stagnates or reduces, businesses then have not incentive to expand, production drops, business profits drop, and wealth creation drops.

    If a low wages created prosperity, as you imply, then countries which have the lowest wages would be the richest countries per capita, but we all know that not to be the case.
    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. #346
    Banned
    Join Date
    Mar 2010
    Last Seen
    07-19-17 @ 03:51 PM
    Gender
    Lean
    Libertarian
    Posts
    60,458

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

    Quote Originally Posted by KevinKohler View Post
    Stupid? A bet you the executive from JCpenny is living a nice life right now. They're only stupid if you assume their goal is to do what's best for the most, not what's best for them, personally.
    The executives I'm talking about were hired to fix the problems caused by the last group of idiot executives of Jcpenny. Instead of dealing with the problem right in their face they keep trying to boost sales using more or less the same strategy used by the last group of executives.

  7. #347
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:31 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,981
    Blog Entries
    1

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

    Quote Originally Posted by US Conservative View Post
    I heart this double down, "professor".
    I have no idea what that means, but apparently, I have to explain to you what you said.



    You said changes to wages can be harmful. Which is true. They CAN be...both up, OR down. Increasing wages to high, or decreasing them too low, is likely going to cause more harm than good, as Imagep so succinctly explained to you.


    Now, being that you are not actually adding anything at all to this debate, I'm pretty much going to ignore you in this thread from here on in...at least, until you come back with a post with a little substance.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  8. #348
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:31 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,981
    Blog Entries
    1

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

    Quote Originally Posted by Declan View Post
    Hire them as independent contractors and get rid of that whole MW thing altogether then.
    Independent contracting does not evade minimum wage laws. There are labor lawyers just SALIVATING over this post.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  9. #349
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Today @ 06:18 PM
    Gender
    Lean
    Independent
    Posts
    23,584

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

    Quote Originally Posted by Henrin View Post
    Executives have the job of keeping the businesses profits up. It would take time, but after the threshold is reached profits would start to decrease. The only real issue is how long would it take them to realize the source of the problem. Would they be as clueless as Jcpenny and keep throwing stuff at the wall when the problem is right there in their face for all to see? You have to wonder how stupid executives really are sometimes.
    But individual companies seek only to keep their profits up. Giving up a real cost avoidance by hiring more workers would only work if every company did the exact same thing. Since individual companies compete against each other, and not as a team, then they have no motivation to act in the best interest of our macro economy, they only act in the best interest of their personal micro-economy.

    A single company to increase it's profits by not operating as efficiently as possible, thus there is no "naturally" occuring mechanism to keep a downward spiral due to the lack of need for human labor from happening. The only way to stop it is by changing the rules of the game, and that can only be done by government.
    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.

  10. #350
    Banned
    Join Date
    Nov 2013
    Location
    Between Athens and Jerusalem
    Last Seen
    05-18-16 @ 07:06 PM
    Gender
    Lean
    Conservative
    Posts
    33,522

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

    Quote Originally Posted by imagep View Post
    the minimum wage is a floor wage. Other wages are largely based upon perceived value of different jobs, whether that perception of value is real or not. If the floor wage drops, then wages above that amount will tend to drop, or at least not tend to increase. When wages of the masses are stagnate or reducing, demand also stagnates or reduces, businesses then have not incentive to expand, production drops, business profits drop, and wealth creation drops.

    If a low wages created prosperity, as you imply, then countries which have the lowest wages would be the richest countries per capita, but we all know that not to be the case.
    Correction-minimum wage is an artificial, politically imposed floor. You have admitted that price manipulation to raise labor costs can be harmful, but I still await your answer as to what CHANGES that here?

Page 35 of 57 FirstFirst ... 25333435363745 ... 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
  •