Ponderable

Wez said:
Everything I read supports gradual increases. Decreased profitability for the business owner comes with increased spending by workers.
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....and increased taxes for the worker or decreased hours with gradual increases in MW etc., etc., etc. Gradual increases give businessʻs time to make adjustments that eliminate jobs.
 
Wez said:
Everything I read supports gradual increases. Decreased profitability for the business owner comes with increased spending by workers.
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I read everything you read and always find that MW increases supporters rarely if ever take in to account the entire compensation package which is very important to workers. But the income tax is the one thing that generates the most revenue for the administrative state so it should come as no surprise that the State focuses most of its energy on increasing wages at the expense of business.
 
Bruddah IZ said:
I read everything you read and always find that MW increases supporters rarely if ever take in to account the entire compensation package which is very important to workers. But the income tax is the one thing that generates the most revenue for the administrative state so it should come as no surprise that the State focuses most of its energy on increasing wages at the expense of business.
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Yes, min. wage increases are nothing more than a veiled opportunity to line the city's coffers...smh
 
Bruddah IZ said:
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

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.
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Tell that to adults making minimum wage.
 
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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You are talking $15 and they were referring to $12.
 
Bruddah IZ said:
I read everything you read and always find that MW increases supporters rarely if ever take in to account the entire compensation package which is very important to workers. But the income tax is the one thing that generates the most revenue for the administrative state so it should come as no surprise that the State focuses most of its energy on increasing wages at the expense of business.
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What kind of "compensation package" do most minimum wage earners get?
 
Bruddah IZ said:
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.
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There are dozens of links in the article I posted, which one are you referring to? I see the 1993 NJ study with the conclusion:

"On April 1, 1992 New Jersey's minimum wage increased from $4.25 to $5.05 per hour. To evaluate the impact of the law we surveyed 410 fast food restaurants in New Jersey and Pennsylvania before and after the rise in the minimum. Comparisons of the changes in wages, employment, and prices at stores in New Jersey relative to stores in Pennsylvania (where the minimum wage remained fixed at $4.25 per hour) yield simple estimates of the effect of the higher minimum wage. Our empirical findings challenge the prediction that a rise in the minimum reduces employment. Relative to stores in Pennsylvania, fast food restaurants in New Jersey increased employment by 13 percent. We also compare employment growth at stores in New Jersey that were initially paying high wages (and were unaffected by the new law) to employment changes at lower-wage stores. Stores that were unaffected by the minimum wage had the same employment growth as stores in Pennsylvania, while stores that had to increase their wages increased their employment."
 
Lion Eyes said:
That's Obama's new norm.
Part time - minimum wage jobs....
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Again with the revisionist, ignore the past attitude, as if the 30 years before never happened. Reagan-voodoo-trickledown-supplyside economics didn't work, don't work and still won't work and now we are living the aftermath.

Man up, step away from the purely partisan rhetoric for a minute and think about cause and effect . . . or just continue looking like a . . . well, like you do.
 
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