Ponderable

Who do you trust on the economy: Obama or your own lying eyes.

“There is no recovery. Since 2007, U.S. GDP per capita growth has been 1%. The Great Recession may be over, but America is dangerously running on empty.”

Put that in your swamp and drain it. The economy was in dire straits 2,879 days ago when Obama took office. And despite nearly $900 billion dollars in stimulus spending and almost as many promises and upbeat words, this has been the worst economic recovery since World War II, which we marked Wednesday on the 75th anniversary of the Pearl Harbor attack.
 
Wez said:
https://www.bloomberg.com/view/arti...her-minimum-wage-hasn-t-hurt-jobs-or-business

Minimum-Wage Foes Tripped Up by Facts

As one of my colleagues wrote last week, the “unemployment rate in the city of Seattle – the tip of the spear when it comes to minimum wage experiments – has now hit a new cycle low of 3.4%.” Meanwhile, a University of Washington study on the minimum wage law found little or no evidence of job losses or business closings.
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Neumark and Wascher use actual payroll numbers as opposed to phone polling used by Krueger and Card in your article above. Neumark and Wascher found opposite numbers with a decrease in employment numbers of 4.6 percent for New Jersey compared to PA. Again, their findings based on the more reliable and verifiable payroll numbers. Who relies on phone polling when you can publish pay roll numbers instead!!! Sorry brother, labor will always be a commodity. My source? The link in your article.
 
Myth: Increasing the minimum wage will cause people to lose their jobs.

Not true: In a letter to President Obama and congressional leaders urging a minimum wage increase, more than 600 economists, including 7 Nobel Prize winners wrote, "In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."

https://www.dol.gov/featured/minimum-wage/mythbuster
 
Hüsker Dü said:
Myth: Increasing the minimum wage will cause people to lose their jobs.

Not true: In a letter to President Obama and congressional leaders urging a minimum wage increase, more than 600 economists, including 7 Nobel Prize winners wrote, "In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."

https://www.dol.gov/featured/minimum-wage/mythbuster
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Did you even read the contents of your link. This is why politicians can take advantage of the ignorant and the poorly educated.

Minimum Wage Mythbusters

Myth: Raising the minimum wage will only benefit teens.

Not true: The typical minimum wage worker is not a high school student earning weekend pocket money. In fact, 89 percent of those who would benefit from a federal minimum wage increase to $12 per hour are age 20 or older, and 56 percent are women.
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First the myth above was never a myth. The contention has always been that teens would be less likely to get higher min wage jobs because they have no experience, which is a fact. Your 20 year olds should be making more because by the team they reach 20 they should have more experience.
 
Myth: Increasing the minimum wage will cause people to lose their jobs.

Not true: In a letter to President Obama and congressional leaders urging a minimum wage increase, more than 600 economists, including 7 Nobel Prize winners wrote, "In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."
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People with less experience could lose their jobs with MW increases. That is not a myth. It happens. Or better, some employers cut hours, if you're lucky. Remember the real min wage is "0".
 
Myth: Small business owners can't afford to pay their workers more, and therefore don't support an increase in the minimum wage.

Not true: A July 2015 survey found that 3 out of 5 small business owners with employees support a gradual increase in the minimum wage to $12. The survey reports that small business owners say an increase "would immediately put more money in the pocket of low-wage workers who will then spend the money on things like housing, food, and gas. This boost in demand for goods and services will help stimulate the economy and help create opportunities."
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This is so ignorant it's not even funny. The business owners only goal is or should be to make a profit so that he can continue to employ people. Further, if higher wages are so good for the business and thus the economy why stop at $12? Why not double it and make it $25? See how that works. It won't!! Why do you think the government is phasing MW increase in? They know that if they flip the $15 min switch right now, you'll see the true min wage, which is zero, almost immediately or a slashing of hours.
 
Bruddah IZ said:
This is so ignorant it's not even funny. The business owners only goal is or should be to make a profit so that he can continue to employ people. Further, if higher wages are so good for the business and thus the economy why stop at $12? Why not double it and make it $25? See how that works. It won't!! Why do you think the government is phasing MW increase in? They know that if they flip the $15 min switch right now, you'll see the true min wage, which is zero, almost immediately or a slashing of hours.
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Everything I read supports gradual increases. Decreased profitability for the business owner comes with increased spending by workers.
 
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