Page 1 of 21 12311 ... LastLast
Results 1 to 10 of 203

Thread: Higher Minimum Wage Coming Soon

  1. #1
    Sage
    Gibberish's Avatar
    Join Date
    Oct 2005
    Location
    San Diego, CA
    Last Seen
    12-23-12 @ 09:29 PM
    Gender
    Lean
    Moderate
    Posts
    6,339

    Higher Minimum Wage Coming Soon

    The federal minimum wage is set to increase later this month as the job market shows signs of further decay.

    The federal minimum wage will go to $7.25 an hour on July 24 from its current level of $6.55, according to the U.S. Department of Labor.
    higher-minimum-wage-coming-soon.html: Personal Finance News from Yahoo! Finance

    24 of 50 states will be affected with the most extreme case being Kansas going from a current minimum wage of $2.65 to $7.25 on Jan 1, 2010.


    Can the job market and our economy handle this increase? Will this increase consumer spending by giving more money into the pockets of teenagers, and poverty and borderline poverty level adults?
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
    - Warren Buffett

  2. #2
    User
    Join Date
    Jul 2009
    Last Seen
    07-11-09 @ 06:19 AM
    Gender
    Lean
    Independent
    Posts
    113

    Re: Higher Minimum Wage Coming Soon

    It'll just cause more inflation, most likely...

  3. #3
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Higher Minimum Wage Coming Soon

    Quote Originally Posted by Gibberish View Post
    higher-minimum-wage-coming-soon.html: Personal Finance News from Yahoo! Finance

    24 of 50 states will be affected with the most extreme case being Kansas going from a current minimum wage of $2.65 to $7.25 on Jan 1, 2010.


    Can the job market and our economy handle this increase? Will this increase consumer spending by giving more money into the pockets of teenagers, and poverty and borderline poverty level adults?
    More than likely this will cause more layoffs and slow hiring.

    You can't successfully mandate wage increases and get a favorable outcome.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  4. #4
    User
    Join Date
    Jul 2009
    Last Seen
    07-11-09 @ 06:19 AM
    Gender
    Lean
    Independent
    Posts
    113

    Re: Higher Minimum Wage Coming Soon

    Quote Originally Posted by Harry Guerrilla View Post
    You can't successfully mandate wage increases and get a favorable outcome.
    Yes you can, but only to a point...

  5. #5
    Klattu Verata Nicto
    LaMidRighter's Avatar
    Join Date
    May 2005
    Location
    Louisiana
    Last Seen
    07-21-17 @ 02:42 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    30,534

    Re: Higher Minimum Wage Coming Soon

    Quote Originally Posted by Sturmrabe View Post
    Yes you can, but only to a point...
    Incorrect, there will always be job market shrinkage when artificial controls are added or increased such as a minimum wage.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  6. #6
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Higher Minimum Wage Coming Soon

    Quote Originally Posted by Sturmrabe View Post
    Yes you can, but only to a point...
    You really can't successfully.

    If you mandate a .05 increase in hourly pay, it discourages someone hiring that one extra person because they have to take all those .05 from that new person and add it to the existing people.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #7
    User
    Join Date
    Jul 2009
    Last Seen
    07-11-09 @ 06:19 AM
    Gender
    Lean
    Independent
    Posts
    113

    Re: Higher Minimum Wage Coming Soon

    I'm sorry, but I've been hearing a bunch of bull**** from faux "free market" people about the pitfalls of a minimum wage for as long as I've been interested in economics and history does not bear that argument out.

  8. #8
    Global Moderator
    Moderator

    Zyphlin's Avatar
    Join Date
    Jul 2005
    Location
    NoMoAuchie
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    47,998

    Re: Higher Minimum Wage Coming Soon

    Yeah, that'll help CHANGE the unemployment numbers that were HOPING to go down but instead are going up.

  9. #9
    User
    Join Date
    Jul 2009
    Last Seen
    07-11-09 @ 06:19 AM
    Gender
    Lean
    Independent
    Posts
    113

    Re: Higher Minimum Wage Coming Soon

    Quote Originally Posted by Zyphlin View Post
    Yeah, that'll help CHANGE the unemployment numbers that were HOPING to go down but instead are going up.
    Hey I never said it was a good idea, I think its retarded, but the idea that the whole minimum wage should be thrown out is ludicrous...

  10. #10
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Higher Minimum Wage Coming Soon

    Quote Originally Posted by Sturmrabe View Post
    I'm sorry, but I've been hearing a bunch of bull**** from faux "free market" people about the pitfalls of a minimum wage for as long as I've been interested in economics and history does not bear that argument out.
    Why is it bull****?

    History is generally full of half truths or full blown lies, I try to find multiple analysis' before I make a committed account of what is and is not true.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

Page 1 of 21 12311 ... 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
  •