Page 39 of 57 FirstFirst ... 29373839404149 ... LastLast
Results 381 to 390 of 567

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

  1. #381
    Educator WallStreetVixen's Avatar
    Join Date
    Oct 2014
    Location
    New York City/London
    Last Seen
    06-04-15 @ 11:13 AM
    Gender
    Lean
    Other
    Posts
    715

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

    Quote Originally Posted by sangha View Post
    Wage floors are not price controls

    We have different terms for them because they're two different things.
    They are different terms because they are different words. The concept is the same. Wage Floor, Wage Ceiling, etc. They are both Price controls.

    Price controls - Wikipedia, the free encyclopedia

  2. #382
    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 sangha View Post
    Spoken like someone who has never run their own business.

    There are a number of additional options the business owner has such as cutting non-labor expenses (ex expenses for materials by buying cheaper materials), reducing non-wage compensation (such as vacation time) reducing profits, raising capital by selling company owned stock, and several other options.
    My list was not exhaustive.

  3. #383
    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 WallStreetVixen View Post
    They are different terms because they are different words. The concept is the same. Wage Floor, Wage Ceiling, etc. They are both Price controls.

    Price controls - Wikipedia, the free encyclopedia
    Sangha is a marxist who cant see how top down one size fits all govt dictates are a bad thing.

  4. #384
    Educator WallStreetVixen's Avatar
    Join Date
    Oct 2014
    Location
    New York City/London
    Last Seen
    06-04-15 @ 11:13 AM
    Gender
    Lean
    Other
    Posts
    715

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

    Quote Originally Posted by sangha View Post
    No, the reason was to stimulate the economy where there was a lack of demand due to wages being so low.

    http://www.dol.gov/dol/aboutdol/history/flsa1938.htm
    I'm sure that is what you would love to believe, but the idea was to keep child labor from the market. More children took on responsibilities during the Great Depression, finding jobs when their parents could not. There were many initiatives instituted to free up labour for adults, such as the NRA, which used "fair codes and competition" to forbid the use of children under 16 in industrial jobs.

  5. #385
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

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

    Quote Originally Posted by WallStreetVixen View Post
    They are different terms because they are different words. The concept is the same. Wage Floor, Wage Ceiling, etc. They are both Price controls.

    Price controls - Wikipedia, the free encyclopedia
    Your own link contradicts you and points out that price controls <> wage controls
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  6. #386
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

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

    Quote Originally Posted by US Conservative View Post
    My list was not exhaustive.
    Understatement of the year

    But your post was obviously worded to appear to be exhaustive. Either you thought it was exhaustive, or your post dishonestly portrayed it as exhaustive even though you knew it was not

    I believe you were honest, and thought it was exhaustive until other posters schooled you on how business works
    Last edited by sangha; 12-17-14 at 01:23 AM.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  7. #387
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

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

    Quote Originally Posted by WallStreetVixen View Post
    I'm sure that is what you would love to believe, but the idea was to keep child labor from the market
    Wrong.

    The law which created the MW kept child labor out of market but not by setting a MW. It kept child labor out of the market by banning child (anyone under the age of 16) labor

    http://www.dol.gov/dol/aboutdol/history/flsa1938.htm

    29 U.S. Code 203 - Definitions | LII / Legal Information Institute

    http://www.law.cornell.edu/uscode/text/29/212
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  8. #388
    Educator WallStreetVixen's Avatar
    Join Date
    Oct 2014
    Location
    New York City/London
    Last Seen
    06-04-15 @ 11:13 AM
    Gender
    Lean
    Other
    Posts
    715

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

    Quote Originally Posted by sangha View Post
    Your own link contradicts you and points out that price controls <> wage controls
    Where is the contradiction? From what I read, it says one of the main forms of a price control is a price floor.

  9. #389
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

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

    Quote Originally Posted by WallStreetVixen View Post
    Where is the contradiction? From what I read, it says one of the main forms of a price control is a price floor.
    A price floor is not a wage floor.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  10. #390
    Educator WallStreetVixen's Avatar
    Join Date
    Oct 2014
    Location
    New York City/London
    Last Seen
    06-04-15 @ 11:13 AM
    Gender
    Lean
    Other
    Posts
    715

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

    Quote Originally Posted by sangha View Post
    Wrong.

    The law which created the MW kept child labor out of market but not by setting a MW. It kept child labor out of the market by banning child (anyone under the age of 16) labor

    http://www.dol.gov/dol/aboutdol/history/flsa1938.htm

    29 U.S. Code 203 - Definitions | LII / Legal Information Institute
    You're not saying anything but telling me what the law currently does. The intent, during the Great Depression, was to price child labour out of the market place. The goal was to ultimately eliminate child labor, but previous attempts have failed. The original FLSA didn't ban child labor. It placed limits on it. Originally, FLSA excluded children who worked in agriculture. As a result, children under 16 were priced out of dangerous industrial jobs and there was a surge in agricultural child employment.

    Plenty of books have been written on this...
    Last edited by WallStreetVixen; 12-17-14 at 01:33 AM.

Page 39 of 57 FirstFirst ... 29373839404149 ... 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
  •