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

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

sangha said:
No, it wasn't. It was drafted to handle the issue of unemployment and poverty
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Unemployment and poverty were issues separate from FSLA and there were already different initiatives geared towards handling that issue.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
No, that doesn't do it. You are not doing what you said you do, and don't have experience running a national economy. Nor do I. Sure, I have a small company. Sell nationally. But that doesn't mean I run a national economy. So, you failed.
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:lamo

Hence, the moronic loaded question you asked. Gee, I didn't see your answer coming from 1,000 miles away. You probably need to consider the playground over by the kindergarten classes if this is how you roll.

Obviously, you lack any real economic experience given the tiny nature of your business experience. As a result of this lack of experience, it's rather laughable that you would think you're a judge of what it takes to do anything nationally. Consider this, you run a small company, so the owner of a tacoria has something in common with you. I'll keep that in mind when viewing your opinion and your self important demands.

I've owned a company operating in multiple states with over 400 employees. I've imported and exported $100's of millions in product over decades of time. I've done millions of dollars of business with government agencies, and billions with large multi-national corporations. I think my experience speaks for itself, and that experience extends far beyond the sliver of experience you're banking your ego on.

Pick your debates a little better Boo. Everyone makes mistakes, and you certainly made one here.

Have a good day. :peace
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

imagep said:
Countries with a higher minimum wage (government mandated, or socially mandated) tend to be richer countries, and countries with no min wage or a very low min wage tend to be very poor. At least that's what I see when I look at charts and comparisons.

Do you see something that I'm not seeing?

OECD_Global_Minimum_Wage.png
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It looks to me as though (un)employment probably hangs on many factors. In Luxembourg for instance the unemployment rate in Luxembourg was only 7.2 percent in September. That is mainly due to the fact that Eurocrats, bankers and international accountants do not like to clean their own offices. ;)

But that does not mean that the wage is not an important driver of employment ceteris paribus. I presume its effects and multiplier are more intense for lower end jobs and where labor is cheap. But I would have to write a model and I am lazy. :)
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

joG said:
It looks to me as though (un)employment probably hangs on many factors. In Luxembourg for instance the unemployment rate in Luxembourg was only 7.2 percent in September. That is mainly due to the fact that Eurocrats, bankers and international accountants do not like to clean their own offices. ;)

But that does not mean that the wage is not an important driver of employment ceteris paribus. I presume its effects and multiplier are more intense for lower end jobs and where labor is cheap. But I would have to write a model and I am lazy. :)
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I suppose it also helps that only 543,000 people live in Luxembourg. Fairly easy to find Karthik a job doing something to fill his day.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

WallStreetVixen said:
When was that? You've had 7 increases since the original FLSA and states have implemented their own minimum wage on top of that. Theres no indication that the minimum wage has keep up with inflation here, or anywhere else it has tried.

This is because the minimum wage isn't intended to do that
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I think this will answer your question:

The Real Minimum Wage Falls Every Year — Here's How To Fix That

Read more: The Real Minimum Wage Falls Every Year


The Real Minimum Wage Falls Every Year
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

ocean515 said:
:lamo

Hence, the moronic loaded question you asked. Gee, I didn't see your answer coming from 1,000 miles away. You probably need to consider the playground over by the kindergarten classes if this is how you roll.

Obviously, you lack any real economic experience given the tiny nature of your business experience. As a result of this lack of experience, it's rather laughable that you would think you're a judge of what it takes to do anything nationally. Consider this, you run a small company, so the owner of a tacoria has something in common with you. I'll keep that in mind when viewing your opinion and your self important demands.

I've owned a company operating in multiple states with over 400 employees. I've imported and exported $100's of millions in product over decades of time. I've done millions of dollars of business with government agencies, and billions with large multi-national corporations. I think my experience speaks for itself, and that experience extends far beyond the sliver of experience you're banking your ego on.

Pick your debates a little better Boo. Everyone makes mistakes, and you certainly made one here.

Have a good day. :peace
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If you did, you could have said, "None." That would have been the honest answer.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
I think this will answer your question:

The Real Minimum Wage Falls Every Year — Here's How To Fix That

Read more: The Real Minimum Wage Falls Every Year


The Real Minimum Wage Falls Every Year
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No, it doesn't answer my question. Not even in the slightest. All the author manages to do is complain how minimum wage increases hasn't been adjusted for inflation, but doesn't explain HOW this can be accomplished effectively and How would that improve things.

For the most part, states with indexed minimum wages as far as I can see haven't experienced much higher average hourly wage growth at an annualised rate. The highest growth is North Dakota, which is still at the Federal level. The lowest among the indexed states, if you don't count the Virgin Islands and Puerto Rico, is Alaska, is New Jersey. I'm not seeing much to suggest that you need your wages to index inflation for everyone's sake.

QCEW State and County Map Application: US: 12 month percent change in average weekly wage, Total, all industries Total Covered Jun 2013-Jun 2014 (p) : U.S. Bureau of Labor Statistics
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

WallStreetVixen said:
No, it doesn't answer my question. Not even in the slightest. All the author manages to do is complain how minimum wage increases hasn't been adjusted for inflation, but doesn't explain HOW this can be accomplished effectively and How would that improve things.

For the most part, states with indexed minimum wages as far as I can see haven't experienced much higher average hourly wage growth at an annualised rate. The highest growth is North Dakota, which is still at the Federal level. The lowest among the indexed states, if you don't count the Virgin Islands and Puerto Rico, is Alaska, is New Jersey. I'm not seeing much to suggest that you need your wages to index inflation for everyone's sake.

QCEW State and County Map Application: US: 12 month percent change in average weekly wage, Total, all industries Total Covered Jun 2013-Jun 2014 (p) : U.S. Bureau of Labor Statistics
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So how did we manage then to pay more?
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
No, that doesn't do it. You are not doing what you said you do, and don't have experience running a national economy. Nor do I. Sure, I have a small company. Sell nationally. But that doesn't mean I run a national economy. So, you failed.
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LOL. Silly answer. You're now compounding you own failure. You asked if I had experience with a National Economy.

"No, you did not. Do you have experience with a national economy? Explain." Post #466​

As I explained, I do have experience with a national economy, and not just in sales, but in operating facilities in multiple states. Taken further, I have experience in import and export to companies around the globe. It would appear, you're experience is limited perhaps to typing in an address in another state. So let's call that National Experience little to none.

Of course, having been put back in your place, in the post here, you change the question to "running" a National Economy. You know the answer to that, which makes it a really juvenile question to ask.

Do you think that experience has any relevance? Did the President have any experience running a national economy? How about any number of people when they first arrived in D.C.?

Your question was really rather lame, as I have already mentioned, since it was like that of a child squirming for relevance when caught doing something wrong.

You're rather predictable. I'd suggest you move on, as you've fully disqualified yourself for any further discussion on this line of debate.

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

ocean515 said:
LOL. Silly answer. You're now compounding you own failure. You asked if I had experience with a National Economy.

"No, you did not. Do you have experience with a national economy? Explain." Post #466​

As I explained, I do have experience with a national economy, and not just in sales, but in operating facilities in multiple states. Taken further, I have experience in import and export to companies around the globe. It would appear, you're experience is limited perhaps to typing in an address in another state. So let's call that National Experience little to none.

Of course, having been put back in your place, in the post here, you change the question to "running" a National Economy. You know the answer to that, which makes it a really juvenile question to ask.

Do you think that experience has any relevance?
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Not much, your experience is with microeconomics, not macroeconomics.

Did the President have any experience running a national economy? How about any number of people when they first arrived in D.C.?...
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That's a valid point, I'll give you that. Unfortunately, the people we elect, tend to not have a solid understanding of macroeconomics. It would be refreshing to see a former fed chief or other professional economist run for a top federal office. I suspect they would run our fiscal policy very differently than they ran our monetary policy as monetary policy isn't very effective.

Someone told me that Nixon was the last president who had a degree in economics, but I can't seem to find any verification of that. Best I can tell is he had a generic BA plus a law degree.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

ocean515 said:
LOL. Silly answer. You're now compounding you own failure. You asked if I had experience with a National Economy.

"No, you did not. Do you have experience with a national economy? Explain." Post #466​

As I explained, I do have experience with a national economy, and not just in sales, but in operating facilities in multiple states. Taken further, I have experience in import and export to companies around the globe. It would appear, you're experience is limited perhaps to typing in an address in another state. So let's call that National Experience little to none.

Of course, having been put back in your place, in the post here, you change the question to "running" a National Economy. You know the answer to that, which makes it a really juvenile question to ask.

Do you think that experience has any relevance? Did the President have any experience running a national economy? How about any number of people when they first arrived in D.C.?

Your question was really rather lame, as I have already mentioned, since it was like that of a child squirming for relevance when caught doing something wrong.

You're rather predictable. I'd suggest you move on, as you've fully disqualified yourself for any further discussion on this line of debate.

Merry Christmas!
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As point out above no, you don't. Your experience is limited.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
As point out above no, you don't. Your experience is limited.
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What's your experience Joe?
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

imagep said:
Not much, your experience is with microeconomics, not macroeconomics.



That's a valid point, I'll give you that. Unfortunately, the people we elect, tend to not have a solid understanding of macroeconomics. It would be refreshing to see a former fed chief or other professional economist run for a top federal office. I suspect they would run our fiscal policy very differently than they ran our monetary policy as monetary policy isn't very effective.

Someone told me that Nixon was the last president who had a degree in economics, but I can't seem to find any verification of that. Best I can tell is he had a generic BA plus a law degree.
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Yes, we've already established your tunnel vision and book learning. Someday, you'll branch out.

As I have written before, there are those who can do, and then there are those teach. Economists and those who teach it are proof of this.

By all means, cling to your micro/macro obsession.

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

Boo Radley said:
As point out above no, you don't. Your experience is limited.
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Keep swimming in the:

:failpail:

Perhaps you can find a way out.

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

j-mac said:
What's your experience Joe?
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I stated that above j. But remember, I'm not the one making a silly claim.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

ocean515 said:
Yes, we've already established your tunnel vision and book learning. Someday, you'll branch out.

As I have written before, there are those who can do, and then there are those teach. Economists and those who teach it are proof of this.

By all means, cling to your micro/macro obsession.

Merry Christmas!
Click to expand...


Being silly won't make you right.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
I stated that above j. But remember, I'm not the one making a silly claim.
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You also don't get to judge others experience with the limited experience you yourself have.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

j-mac said:
You also don't get to judge others experience with the limited experience you yourself have.
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J, I'm taking his word for it. So, once again you leap someplace I didn't go.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
J, I'm taking his word for it. So, once again you leap someplace I didn't go.
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No you are not....If you were actually taking his word for it, as if he has to prove anything to you anyway, but if you were you wouldn't be belaboring the point. simple as that. Nope, as usual, you were being rather abrasive, and arrogant, and when you got called on it, you decided to dodge, and deny as if you have some sort of high ground....:roll:
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

Boo Radley said:
Being silly won't make you right.
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You should make this your mission statement, and recite it every morning before you do anything else.

Stop being silly. :peace
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

j-mac said:
No you are not....If you were actually taking his word for it, as if he has to prove anything to you anyway, but if you were you wouldn't be belaboring the point. simple as that. Nope, as usual, you were being rather abrasive, and arrogant, and when you got called on it, you decided to dodge, and deny as if you have some sort of high ground....:roll:
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No J, based on his answer, what he reports, he doesn't run a national economy. He cannot expertly speak as he tries to do. He and you just keep trying to hide his failure to acknowledge the point made by me and others.

As for abrasive, you're far too sensitive. As for arrogant, between us, that's kind of a pot to kettle comment on your part.
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

KevinKohler said:
And here I thought a market crash cost all those jobs...
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No one said that this was the only cause of the job losses, just that is one of the causes. Try again, please, and this time could you put a LITTLE effort in??
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

danarhea said:
Um, that increase in the minimum wage came during the Bush administration. So you think Bush is a progressive? :mrgreen:
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I'd call Pres. Bush right leaning moderate. And this occurred under a DEM. controlled Congress, so they get their fair share of the blame (along with the Oval Office).
 
Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

imagep said:
Someone told me that Nixon was the last president who had a degree in economics, but I can't seem to find any verification of that. Best I can tell is he had a generic BA plus a law degree.
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That is because it is not true. George HW Bush had a degree in economics, as did Reagan and Ford. Clinton had studied economics as part of his PPE at Oxford but dropped out of there to go to Yale.
 
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