Posted on 08/10/2016 6:19:13 PM PDT by Osage Orange
Raising the minimum wage is one of those wonderful-sounding ideas that, whenever tried, unfortunately never quite works the way it was promised. To its credit, the Washington Post has noticed.
The Post recently highlighted a new study from a group of economists who were commissioned by the city of Seattle to look at that city's minimum wage hike from $9.96 an hour to $11.14 an hour. What they found was enlightening.
(Excerpt) Read more at investors.com ...
Always remember Uncle Milton’s adage that minimum wage legislation is one of the most racist things still on the books since Jim Crow.
Way to blow Seattle.
Enlightening?
There’s nothing to be enlightened on about min wage. It’s not a new idiocy. The bad effects are well known.
What “bitter”? Sounds like reality routing around statism. IOW, a happy ending. I bet all the people who got screwed were all for this so.....[shrug]
Yeah....I thought the same.
Real Minimum Wage is $0.0 per hour, this Government that we have recently acquired/earned thinks that they can mandate a different one is delusional.
Government by the Consent of the People has not been consulted for about 8 years.
If everything goes right Reality should be realized in about 6 Months, if not everyone should learn how to spell Venezuela.
Liberal Democrats have thousands of wonderful sounding, utopian ideas. The problem is, they’re all ultimately unworkable, and contra-survival for the greater number of citizens.
Witness Venezuela. It’s a textbook example of what happens when leftists are allowed free rein to implement their social engineering schemes on a country.
Set minimum wage to $10.00.hr and peg it to inflation. Take the issue off the table. There are WAY more important issues.
No kidding, just because democrats throw out all sense and logic in order to inveigle the dummy know-nothings doesn’t mean the laws of economics are voided.
When ever I explain to some one that is 35 and older that has worked at jobs like cashier or any of a number of low paying jobs why minimum wage hurts long term low wage earners they understand. The ones that don’t are the kids or those that are not working for minimum wage. All I have to do is tell some one that has worked 2-3 years at a job and over that time there wage has increased that it wipes out there buying power from those increases because there rent and food prices will increase soon after the wage increase.
Cut the crap.
This is not about raising the standard of living for menial laborers. This is about locking in the votes from them. Liberals could give a rat’s ass about the welfare of the lower classes.
Unintended consequences...... my how the left does not understand them.
This is no different than putting food in our gas tanks at a net energy loss.
They no longer include the very essentials that the American people have to pay for every month to live, like food, housing and energy. Without these items, the inflation rate is low. With them, it is much higher.
The Cost Of Living Adjustment (COLA) is a joke.
Agreed.
Useful idiots support a minimum wage and increasing it. Low skilled workers are hurt worst. Unions are the ultimate powers behind it - they know that raising wages for the most menial jobs ultimately forces elimination of those jobs with more skilled labor that can potentially justify the higher wage - and they organize “skilled labor.” And generally other skilled labor wages necessarily increase - after all why shouldn’t they make more, a lot more, than minimums, they argue.
Yea, it’s a great way to buy votes. And government doesn’t have to pay for it. Just those evil, rich business owners.
The Cost Of Living Adjustment (COLA) is a joke.
I agree but it’s better then nothing. And the more that rely on the raise both seniors and young people and working class perhaps the raise can be changed on how they do the COLA. It is pitiful that some want to make the COLA worse then it is now. We have some big time idiots in the political world. While every politician is a millionaire, they expect their subjects to live on peanuts (if you are lucky).
Enlightening??? Is that a new synonym for "totally predictable"?
Wages must be tied to the hourly productivity of the workers. A typical minimum wage worker does not produce enough revenue to be paid a $15 minimum wage. If the government imposes an above productivity wage, it makes more sense for companies to use automation and replace workers
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