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

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

    Quote Originally Posted by KevinKohler View Post
    Independent contracting does not evade minimum wage laws. There are labor lawyers just SALIVATING over this post.
    It actually involves having to follow more regulations on employment than you would otherwise have to.

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

    Quote Originally Posted by US Conservative View Post
    Which is why its destined to fail, the laws of economics don't change for politics.
    There are no laws of economics. There are only theories, trends, and observations.

    Name one "law" of economics that is more than a theory or an observation during a particular span of time.
    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 buck View Post
    Seems common sense to me, but i'm sure we'll still have people arguing that the CBO and this study are just wrong and it's all "win" for MW workers.

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

    I win

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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
    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.
    Which I perceive as being a problem with our entire economy, in so many ways. All of these guys prescribe to the same, or very similar theories about business management. It's why I wouldn't trust one of these guys to run a deli, let alone a multi million or billion dollar corporation. It's why i have faith in small business owners, as they are REQUIRED to not be idiots. The elite CEO's? They're gonna get paid for their time in, regardless of their success. All the idiots at JC penny got WELL compensated for their failures, I assure you.
    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.

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

    Quote Originally Posted by KevinKohler View Post
    Independent contracting does not evade minimum wage laws. There are labor lawyers just SALIVATING over this post.
    Then perhaps one of them can provide a statute that says they cannot.

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

    Quote Originally Posted by US Conservative View Post
    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?
    It can also be helpful. There is a point where there is an ideal economic maximizing min wage. I suspect that it is higher than our current min wage. If I am correct, then increasing min wage will be helpful to our economy. It's only if I am wrong, that increasing minimum wage would harm our economy. Naturally, I am not going to admit that I am wrong, unless I am proven to be wrong, in which case I will will take the logical step of changing my position so that I am no longer wrong.

    I suspect that you wouldn't change your position, regardless of how wrong your position has been proven to be.
    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 imagep View Post
    There are no laws of economics. There are only theories, trends, and observations.

    Name one "law" of economics that is more than a theory or an observation during a particular span of time.
    Category:Economics laws - Wikipedia, the free encyclopedia

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

    Quote Originally Posted by Declan View Post
    Then perhaps one of them can provide a statute that says they cannot.
    Fair Labor and Standards Act.
    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.

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

    Quote Originally Posted by KevinKohler View Post
    Fair Labor and Standards Act.
    Which part of the FLSA are you referencing specifically that states independent contractors cannot be used to circumvent minimum wage laws?

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

    I picked ONE at random...


    Law of demand - Wikipedia, the free encyclopedia



    And my counter to that so called "law" is ANY product ever produced that has gone up in price, but which has also increased in total sales.



    Which is QUITE a lot of products.

    You can focus on the middle phrase, "all things being equal", but that alone debunks the entire law, or at the least, renders said law useless, as all other things are virtually NEVER equal. No two events are ever, EVER, the same.



    I find that the laws of thermodynamics applies to economics far better, and tend to give a more accurate (so far as I know) result, in terms of an answer to a question.
    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.

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