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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 stonewall50 View Post
    History is SUPPOSED to be revised. You get more information. People start questioning the story. Look at new information received. That kind of thing.
    But it must be based on actual new information and not just as desire to tell a different story.

    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 1750Texan View Post
    I 'bout pulled what hair I have left out upon reading that moronic declaration.
    So a recession DIDN'T cause job losses?
    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
    Again, you are lost in a text book. How's that working for you?
    Uh, he's not a college student, he's a business owner.
    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
    So a recession DIDN'T cause job losses?
    Of course it did. But the trick in such studies is to separate the impacts of the different factors.

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

    Quote Originally Posted by joG View Post
    Of course it did. But the trick in such studies is to separate the impacts of the different factors.
    Sometimes that's nearly impossible. PROVE how an increase in minimum wage killed those jobs, and not the already shrinking economy causing less consumption.


    You can't, you can only THEORIZE.


    And if you bothered to read the ACTUAL study, and not the op ed piece linked in the OP, you would see that even more clearly, as the authors offered up not ONE, TINY, LITTLE piece of evidence to support their claim...a claim they had stated BEFORE they did the study. In other words, this study was done with the PURPOSE of proving MW killed jobs, not with the purpose of seeing IF it did or not.

    That's called bad science.
    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
    Sometimes that's nearly impossible. PROVE how an increase in minimum wage killed those jobs, and not the already shrinking economy causing less consumption.


    You can't, you can only THEORIZE.


    And if you bothered to read the ACTUAL study, and not the op ed piece linked in the OP, you would see that even more clearly, as the authors offered up not ONE, TINY, LITTLE piece of evidence to support their claim...a claim they had stated BEFORE they did the study. In other words, this study was done with the PURPOSE of proving MW killed jobs, not with the purpose of seeing IF it did or not.

    That's called bad science.
    Where you are right is that the math is not really simple. But it is pretty bread and butter for professionals to do this type of work. The results are very reliable.

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

    Quote Originally Posted by joG View Post
    Where you are right is that the math is not really simple. But it is pretty bread and butter for professionals to do this type of work. The results are very reliable.
    And yet...you can't actually prove it. Nor can you DISPROVE that these jobs which had an increase in minimal pay were killed by a simple lack of demand for the product in which they were involved with producing. Sans proof, one must turn to the only thing left...logic.


    And logic dictates that if there is work that needs to be done, truly needs to be done, then employers will hire workers to do it. Regardless of what they have to pay them. Either they can afford to have the work done, or they can't afford to be in business, yes? Disprove this logic, I guess?
    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
    And yet...you can't actually prove it. Nor can you DISPROVE that these jobs which had an increase in minimal pay were killed by a simple lack of demand for the product in which they were involved with producing. Sans proof, one must turn to the only thing left...logic.


    And logic dictates that if there is work that needs to be done, truly needs to be done, then employers will hire workers to do it. Regardless of what they have to pay them. Either they can afford to have the work done, or they can't afford to be in business, yes? Disprove this logic, I guess?
    If you would spend some time with the theory and practice of such things instead of dreaming of the importance of your questions, you would ask quite different questions.

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

    Quote Originally Posted by joG View Post
    If you would spend some time with the theory and practice of such things instead of dreaming of the importance of your questions, you would ask quite different questions.
    So, in other words, you can't, you're only going to vaguely insinuate that I don't know what I'm talking about.


    It might surprise you to know that I used to be a small business owner, with 3, sometimes 4 employees, and am STILL am employer, with HUNDREDS of employees, though not for my own business. Just what, exactly, do I need, in terms of experience with the theory and practice, before I start asking different questions?
    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
    And yet...you can't actually prove it. Nor can you DISPROVE that these jobs which had an increase in minimal pay were killed by a simple lack of demand for the product in which they were involved with producing. Sans proof, one must turn to the only thing left...logic.


    And logic dictates that if there is work that needs to be done, truly needs to be done, then employers will hire workers to do it. Regardless of what they have to pay them. Either they can afford to have the work done, or they can't afford to be in business, yes? Disprove this logic, I guess?
    If the employer can afford $X in total payroll (and remain competitive in the market) then the easiest means to cope with a mandate to pay all entry level workers more is to use fewer of them. The losers in that game are the least skilled skilled and lower stamina workers. If an employer must choose which workers to keep and which to terminate then they are likely to keep the best (most experienced) and fastest making it ever more difficult for others to get a start (gain that needed experience) in the workforce.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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