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CBO: $10.10 Minimum Wage Will Cost 500,000 Jobs, Increase Deficit

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02-21-2014, 10:53 PM
  #76
SocialismFTW
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02-22-2014, 06:35 AM
  #77
PredsV82
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Quote:
Originally Posted by SocialismFTW View Post
first thing you have posted that I agree with, at least that I can recall.

it may shock those of you who still see me as a lockstep FoxNews regurgitator but after some consideration, I do buy the argument that a higher minimum wage is an economic stimulator.

Money is transferred from stockholders or corporate reserves, where it has minimal economic impact if it remains unspent, to low wage earners, who will likely spend every penny they get in extra income.

additionally, the last time the minimum wage was set was before gasoline prices doubled. People who have to drive to work end up spending a significant portion of their take home pay on gas. I have patients who can't come see me because they don't have money for gas in their car.

I think $10.00 an hour is a very reasonable mark to shoot for at this point.

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02-22-2014, 12:38 PM
  #78
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Originally Posted by PredsV82 View Post
Money is transferred from stockholders or corporate reserves, where it has minimal economic impact if it remains unspent, to low wage earners, who will likely spend every penny they get in extra income.
Let them eat cake take public transit!!!

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02-22-2014, 12:46 PM
  #79
chasespace
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If the minimum wage was inflated to match the inflation on gasoline/transportation(since this is likely a large chunk of most minimum income workers expenses) where would the minimum wage be at right now?

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02-22-2014, 01:15 PM
  #80
PredsV82
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Originally Posted by chasespace View Post
If the minimum wage was inflated to match the inflation on gasoline/transportation(since this is likely a large chunk of most minimum income workers expenses) where would the minimum wage be at right now?
well, the gas price fluctuated wildly after the economic meltdown but a rough estimate is that it would be at least 50% higher (if we say the increase in gas price is from 2 dollars to three dollars) or 75% higher if you assume it went from 1.80 to 3.15


so that would be a range from $10.85 to $12.69/hr

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02-22-2014, 07:47 PM
  #81
Sevanston
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Even Peter Thiel supports a minimum wage increase. This is the guy who loves libertarianism so much that he's literally trying to build a libertarian island paradise.

http://blog.sfgate.com/nov05election...um-wage-video/

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Here’s more evidence that progressives and conservatives may find common ground on a key issue — billionaire tech star Peter Thiel, the San Francisco-based PayPal co-founder who’s given millions to GOP causes, leans toward supporting the idea of boosting the minimum wage to $12 an hour.

“In theory, I’m against it, because people should have the freedom to contract at whatever wage they’d like to have. But in practice, I think the alternative to higher minimum wage is that people simply end up going on welfare.’’

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02-23-2014, 11:52 PM
  #82
KEEROLE Vatanen
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so basically the republicans want to keep poor people poor, barely unable to live, that'll sure help keep crime down. i think that we should have some loopholes for small business, but those corporate giants? **** no, they can afford to pay people more. but we know who boner works for.

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