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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 Declan View Post
    Which part of the FLSA are you referencing specifically that states independent contractors cannot be used to circumvent minimum wage laws?
    http://www.dol.gov/elaws/esa/flsa/scope/ee14.asp



    I'll admit, it's not cut and dry, but again, that's what labor lawyers are for.
    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 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.
    The term law dates back to ancient times, when a law was described as something that applies to all times and places. After the scientific theory was discovered, it was realized that since there is no way to know that-that it was changed to theory.

    That said, explain where supply and demand dont apply. This will be good.

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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
    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.
    So where is this magical floor that YOU have determined? Why aren't businesses and employees able to determine that, as opposed to a top down one size fits all political dictate that benefits unions?

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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
    That said, explain where supply and demand dont apply. This will be good.
    Giffen and Veblen goods violate the law of demand, as they refer to an upward sloping demand curve.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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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
    http://www.dol.gov/elaws/esa/flsa/scope/ee14.asp



    I'll admit, it's not cut and dry, but again, that's what labor lawyers are for.

    Thanks for the effort, but you will notice that there is a link to exemptions on your source: http://www.dol.gov/elaws/esa/flsa/screen75.asp

    In addition, only a handful of states require that tipped workers be paid anything. The end result is that in some places people pay to work there because the tips potential makes it a desirable location to work.

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

    Click on the individual links on that page. Notice that every single one has a section that explains the exceptions.
    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 US Conservative View Post
    So where is this magical floor that YOU have determined? Why aren't businesses and employees able to determine that, as opposed to a top down one size fits all political dictate that benefits unions?
    I already admitted that I haven't determined anything.

    It would be all well and good if individual businesses determined the minimum wage, assuming that they did that with the intent to result in a good macroeconomy, and not just fill their own bank accounts.
    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
    I already admitted that I haven't determined anything.

    It would be all well and good if individual businesses determined the minimum wage, assuming that they did that with the intent to result in a good macroeconomy, and not just fill their own bank accounts.
    But businesses are there to make money, as are the employees. And they directly benefit the community through taxation and employment.

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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
    It's not about forcing wages low. Its about what your employer is willing to pay for your labour. If you arbitrarily set a level that is too expensive, certain low productive, unskilled labourers will be priced out at the expense of high productive, high skill workers.

    There is a reason why certain people are exempt from minimum wage laws, such as mentally handicapped people.
    Your employer is "willing" to pay the absolute minimum possible.

    However, the value of that labor is higher than the pay. By definition.
    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 US Conservative View Post
    But businesses are there to make money, as are the employees. And they directly benefit the community through taxation and employment.
    Sure, but that doesn't negate the fact that they don't make decisions based upon what is best for a healthy macro-economy.
    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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