View Poll Results: Should min wage be removed?

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  • Yes

    28 31.46%
  • No

    61 68.54%
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Thread: Should min wage be removed?

  1. #121
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    Actually, you only reaffirmed my statement since I said that the price of the hamburger cost roughly the same percentage as it did under the old minimum. You just happen to prove that the percentage was higher under the new minimum wage.
    yes, because a 16% difference in the effective price of something is roughly the same percentage.

  2. #122
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    yes, because a 16% difference in the effective price of something is roughly the same percentage.
    It could be depending on what your margin of error is.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  3. #123
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    yes, because a 16% difference in the effective price of something is roughly the same percentage.
    According to your calculation the difference is .11% and under mine it was 1.5%, so yes it is roughly the same percentage.
    Last edited by The_Patriot; 10-07-10 at 07:05 PM.

  4. #124
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    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    It could be depending on what your margin of error is.
    I don't doubt that his statement has a high degree of error.

  5. #125
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    According to your calculation the difference is .1% and under mine it was 1.5%, so yes it is roughly the same percentage.
    Quote Originally Posted by megaprogman View Post
    Lets just use the average. However, we are in a recession, so normally hours would be higher, so it tilts to your favor. But I am feeling charitable today.



    Employment Situation Summary

    34.2*7.50= 256.5 1.09/256.5= .42%
    34.2*3.25=111.15 .59/111.19= .50%



    Except it didn't do that.
    (.5-.42)/.5=16%

    Given that this is your third post that you have had bad calculations, I am thinking you need to buy a calculator or learn to use excel (or at least type an equation into google)
    Last edited by tacomancer; 10-07-10 at 07:06 PM.

  6. #126
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    (.5-.42)/.5=16%
    The joys of using mathematics to get them to say what you want them to say. My statement was in regards to the real numbers while you play a numbers game. Either way, it doesn't matter since it only proves my point that minimum wage does not help low income workers, which is what I said.

  7. #127
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    (.5-.42)/.5=16%

    Given that this is your third post that you have had bad calculations, I am thinking you need to buy a calculator or learn to use excel (or at least type an equation into google)
    That's an absolute difference of .11%, and considering the figures that you two are using, that's probably well within the margin of error. You don't have enough evidence that the two are different, if I may use the terminology of the statistician for a second here.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #128
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    Re: Should min wage be removed?

    Quote Originally Posted by The_Patriot View Post
    The joys of using mathematics to get them to say what you want them to say. My statement was in regards to the real numbers while you play a numbers game. Either way, it doesn't matter since it only proves my point that minimum wage does not help low income workers, which is what I said.
    Ahh, real numbers, such as the average work week for US workers, or those numbers that you helpfully provided.

    Please tell me how a 16% reduction in the price of something does not help a low income worker. This should be interesting.

  9. #129
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    Re: Should min wage be removed?

    Quote Originally Posted by phattonez View Post
    That's an absolute difference of .11%, and considering the figures that you two are using, that's probably well within the margin of error. You don't have enough evidence that the two are different, if I may use the terminology of the statistician for a second here.
    How are you calculating absolute difference without a sample size?

    Also, I think relative difference is the best calculation to use since we are looking at the difference between two situations, not two groups.
    Last edited by tacomancer; 10-07-10 at 07:16 PM.

  10. #130
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    Re: Should min wage be removed?

    Quote Originally Posted by megaprogman View Post
    How are you calculating absolute difference without a sample size?

    Also, I think relative difference is the best calculation to use since we are looking at the difference between two situations, not two groups.
    Because you are working with proportions. Since you using numbers that are close to 0, relative differences are going to be very large even in absolute differences aren't. However, with most proportions that I've seen, the standard of error that I've seen is anywhere from 1-3%. So a difference of .11% is well below this standard of error, so you are looking at something that very likely comes from the same sample (again using the language of statistics).

    I understand that the relative difference is 16%, but I think that if you presented this dilemma to a statistician they would be telling both of you the same thing.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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