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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 WallStreetVixen View Post
    The rationale we've seen usually begs more questions, which is why these numbers seem arbitrary.
    Only, I think many are easy to follow, and having questions isn't a disqualifer. Particularly if we haven't kept up with inflation, for example.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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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'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...
    So what you're saying is, if I write a book about economics, you'll believe every word of it?



    I've been totally wasting my time on these darn forums!
    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 US Conservative View Post
    Its remarkable that you know the telos of other posters. Magical even.
    Why? You've done me the same. Is that a power only you have?
    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 ocean515 View Post
    I was kind of hoping someone one with such substantial "credentials" here at DP could think with a little more clarity. When "living wage" gets plugged into the equation, how is an employee supposed to advance? Wait for the next determination of what it takes to live to come down the pipe? Who is going to vacate these "minimum wage" jobs so that new people (that's typically young people) can get their first jobs?

    If you think those locked into the newly determined "living wage" are going to see more opportunities to advance, what is holding them back from doing it now?

    It would be nice if rational ideas ever permeated from the invented from emotion liberal/progressive agenda. At least those ideas could be discussed with some degree of reality included in the discussion.
    No one here is talking about living wage.



    Straw man.
    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 cpwill View Post
    Do you have the reading comprehension to understand that I was demonstrating the failure of that application of the term "monopsony"?

    I don't need to google - Monopsony is the flip side of Monopoly - except where Monopoly means there is effectively only one seller, Monopsony means there is effectively only one buyer.
    Why has this word become so popular all of a sudden? What important person recently used it?
    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
    Why has this word become so popular all of a sudden? What important person recently used it?
    Kushinator.

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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
    Where does it do that? Again, it says one of the main forms of a price control is a price floor, and it references the minimum wage while doing that. If prices has nothing to do with wages, and a price floor isn't a wage floor what is the minimum wage even doing in the same paragraph as a price control?

    Maybe its you who should be doing the trying...
    You don't seem to understand what you read so I don't see how posting something for you to read is going to remedy the lack of understanding you are demonstrating
    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..

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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 didn't ban child labour. It limited it. Later revisions to the FLSA removed child labour across all sectors.

    Plenty of books written on that too...
    Implementing a MW didn't eliminate child labor either.

    The National Labor Standards Act was passed in order to address the economic problems of the time which was not "child labor"

    And there are plenty of books written about how the lunar landing was a hoax too.
    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..

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

    Quote Originally Posted by cpwill View Post
    Do you have the reading comprehension to understand that I was demonstrating the failure of that application of the term "monopsony"?

    I don't need to google - Monopsony is the flip side of Monopoly - except where Monopoly means there is effectively only one seller, Monopsony means there is effectively only one buyer.
    You don't seem to understand what you wrote. You said
    By that standard, every form of employment is monopsony
    Jobs which can't be filled for lack of qualified workers are obviously not monopsonic so your claim is moronic BS.
    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..

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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
    The market comes up with the number based on supply and demand. These economist, workers, pundits and politicians come up with all different types of numbers, such as $10.10, $12.50 $15 and $20 based on what sounds good, and somehow you don't believe its arbitrary?



    Whatever excuse you want to tell yourself.
    Only the deluded or the hopelessly partisan think that MW #'s are based on "what sounds good"
    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..

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