Skip to comments.To help jobs picture, raise the minimum wage
Posted on 05/04/2012 4:45:18 PM PDT by Oldeconomybuyer
(CNN) -- A basic premise of work in America is that your paycheck will inch up over time to reflect hard work, experience and rising living costs. But a lot of people aren't making any more this year than they did last year -- in fact, they're making less.
As April's jobs report from the Bureau of Labor Statistics shows, in nominal terms, wages are going nowhere fast.
When wage growth slows, its saps the whole recovery. How are we going to reboot an economy that relies on consumption when millions of us are falling behind?
Here's one way to start: Let's raise the wage floor.
Some argue that raising the minimum wage will hurt job growth, a tired old canard trotted out every time a minimum wage proposal surfaces. The facts are otherwise: The most rigorous research over the last 15 years, including studies across state lines with different minimum wages, has found that higher minimum wages do not result in job loss, even for minimum wage increases during weak economic periods.
The sooner we improve workers' wages, the sooner we'll see the economic recovery take off and our prolonged unemployment crisis fade. For all who'd like to take home more next year, here is a raise worth fighting for.
(Excerpt) Read more at cnn.com ...
Christine you ignorant slut.
Help the economy??? It will hurt it!!!!
This person is an economic illiterate, plain and simple.
How about $500 an hour??
The way to make folks buy more of something (in this case, labor) is to raise the cost of that thing.
Raises in minimum wage causes an increase in expenditures for companies, and less revenue.
I did terrible in school and even I know this. What is wrong with these people?
Ok princess, what shall we raise it to?
$20 an hour, $30, $40, what is it? Because apparently no matter what it’s raised to it will be too low for most of you brain dead experts.
The dirty secret is that many union contracts are tied to the level of the minimum wage.
Minimum wage jobs are entry level type jobs and the workers who fill them are not worth the current minimum wage. When minimum wage is increased, those jobs go unfilled. A real economy buillder.
And there it is.
Christine is an idiot. She needs to read what Thomas Sowell has written on this for many years.
There are two major factors that keep the brakes on the economy:
1). The minimum wage.
2). Labor unions.
Abolishing the minimum wage would be a bold and very brave move but it would make America the most powerful economic engine on the planet with full employment. The minimum wage is an evil artifice for it prohibits a employer and a worker from setting an honest price. The minimum wage is simply anti-liberty.
And as for labor unions, this map pretty much says it all:
Even in these Obama-induced tough times, those states where freedom reigns are faring better than where the shackles of forced-unionism are found. The map hasn't yet been updated to reflect Indiana's status, a proud new member of the Right to Work states.
“...and the workers who fill them are not worth the current minimum wage..”
A guy I know has a pizza joint. And because he HAS to pay the worthless employees a minimum wage, he feels that in order to keep his good employees around he pays them more - even though they still probably aren’t worth what the minimum wage is.
There shouldn’t be a “minimum wage” or any other government rules that apply to private sector contracts between employers and employees. PERIOD.
Christine must be unbelievably ignorant with regards to the economy. Basic sense tells us that, if we give the people who stock shelves at the grocery store a raise, the cost of groceries goes up - if we give the people who work the cash register at the gas station a raise, the cost of gas goes up. In the end, neither the stock person nor the person at the register come out ahead because they are both paying more for both gas and food (as well as the rest of us who got no raise). With people like Christine shaping public opinion, it is no wonder this country is in trouble!
Indiana is already indicated as a Right-to-Work state on that map.
I just realized that the NRTW Foundation has updated the map for Indiana. I had become accustomed to the older map where this hadn't yet been done.
These are the same geniuses that believe they are stimulating the economy by taking money out of the economy from productive people, running it though Washington and giving it back to society’s leeches.
You might as well double the price of a product to increase sales.
Seriously, where do these people go to get educated? Were they even more dumb before going to college?
Christine Owens joined NELP as its Executive Director in January 2008. Over her long career as a workers rights advocate, she has held a variety of public interest and public sector positions advancing employment rights and opportunities for women, people of color and low wage workers. In 1997, she joined the national AFL-CIO as a senior policy analyst specializing in workplace equity issues, and in 2001, was appointed Director of Public Policy. At the AFL-CIO, she worked closely with NELP and numerous national and grassroots economic policy and worker advocacy groups, along with national unions and state labor federations, to promote reforms such as minimum wage and living wage hikes, pay equity for working women, and state UI coverage expansions. Before joining the AFL-CIO, she founded and ran the Workers Options Resource Center, which coordinated the efforts of a broad-based coalition of national and community organizations to win the 1996 federal minimum wage increase.
J.D., University of Virginia
B.A., College of William and Mary (Certainly not economics)
Many cities have a super high minimum wage called the living or livable wage. Detroit is one such city. If this article is correct Detroit ought to be paradise on earth.
What’s thanks minimum wage in CA?
Yep, I caught the mistake mere nanoseconds after it appeared in the thread. There's some immutable law of the universe at play wherein a botch is never, ever observed in the Preview pane. Only after hitting the Post button does the mistake become apparent.
In any event, great job Indiana! May others soon follow!
2007 is also when the economy began to take a turn for the worse.
IMO, these events were not mutually exclusive. So let's just add more costs to (mostly) small businesses, since it worked so well the last time! /s
What an ignoramous. No, raising the min wage will do nothing but cause an immediate financial crisis.
The comments section on that website is terrifying. The economic illiteracy is staggering.
The U.S., and the West, is done for. Break up the nation and let the blue states destroy themselves, and build big walls around the red states.
So if you raise minimum wage how will that help my husbands salary go up he makes more than minimum wage but has not had a raise in 4 years. Shut up Christine
This is as dumb as a store with too much milk on hand trying to get rid of it by raising the price. Even Lord Keynes wouldn't be that dumb.
As for the facts if we are looking at increases in the minimum wages during periods of economic growth, we would expect based on the conditions in the macro economy (a relative shortage of labor) that wages (including the minimum wage) would rise. That argument is a canard in and of itself.
Where do we get these brilliant souls from? Sure, raising the minimum waged has been of great help so far! How about the government get out of the “telling people what to do business”. That will help even more!!!!!!
...The last year in which the black unemployment rate was lower than the white unemployment rate was 1930. That was also the last year in which there was no federal minimum wage law.
The Davis-Bacon Act of 1931 was in part a result of a series of incidents in which non-union black construction labor enabled various contractors from the South to underbid Northern contractors who used white, unionized construction labor.
The Davis-Bacon Act required that "prevailing wages" be paid on government construction projects "prevailing wages" almost always meaning in practice union wages. Since blacks were kept out of construction unions then, and for decades thereafter, many black construction workers lost their jobs.
So she is basically a stealth union hack.
Walter Williams was right...
Correctomundo. Another stitch in the unholy alliance between Democrats and Unions.
Among individuals with a Bachelor's degree and higher, April unemployment was 4.0%. Raising the cost of employing individuals with marginal skills is going to help this, how, exactly?
The reason wages are low is because there are so many illegals and phony green card/work permit holders.
The dirty secret is that many union contracts are
This needs to be repeated !!
tied to the level of the minimum wage
The dirty secret is that many union contracts are
That's correct. Minimum wage increases do not usually result in layoffs. They just reduce future hiring of minimum wage employees. The effect is the same.
I guess it depends on who’s lying statistics you want to believe in.
Statistics don’t lie, but liars use statistics.
Let me guess: Christine’s other job is economic advisor to Zero?
If you really want to lower the unemployment figures, STOP PAYING PEOPLE NOT TO WORK.
Pay Welfare to those physically unable due to age or infirmity and stop paying those who simply do not want to work.
My father had a customer once bring back a bag of dogfood to his store. The customer said the dog wouldn’t eat it. MY Dad said feed it to him every day and nothing else the dog will soon start eating it. That is the way with those who do not want to work. When they get hungry they will work.
is this an onion article or something!?!?
Because this can’t possibly be SERIOUS!
Freaking raising the minimum wage is partly what got us into this mess!
We need to CUT or completely eliminate the minimum wage if we want to get back to full employment!
Baraq is having a fun time rewarding his voters with $1.40 in spending for every $1 in revenue. Like a family riding a wave of fake prosperity living on credit cards and helocs.
And as a direct result of that increase my hours were cut almost in half. It so happens I am one that can live on the current min wage. I have no family to support. It is just me. But I am the exception. The other fact is, not only were my hours cut, but I was already making the current min wage of 7.25/hr. I have not gotten a raise since.
Raising the minimum wage will increase unemployment as more workers get laid off. Of course, the administration can fake those figures, too. And, it will increase the already-staggering number of people that the administration has put on the dole (in various forms: welfare, foodstamps, mortgage bailouts, and the super-sized hike in the numbers of folks being put on “disability” — those catagories just for starters, there are many more.) Adding millions more people to the throngs being made to depend on the federales for their incomes ... means less economic growth, a weaker nation....but probably more votes on Re-Election Day. Hummm... maybe there is a pattern here...? Like, use (borrowed) taxpayer monies to buy more and more votes, and damn America (as a certain Chicago preacher puts it so eloquently) ... hum....? Hey, there’s a strategy here! Eureka! (And how anybody with two degrees from recognized colleges could recommend something so otherwise-bogus... is not believeable. It is the Re-election strategy at work here, folks. Plain and simple. Hope. Change. Redistribute! Forward! Or?
Christine is a Fluke.
This is just what I have been waiting for. As an employer I have been waiting to hire new people until I could pay them more. Thank goodness somebody finally gets it.
You have to be a special kind of stupid to believe this stuff.
Can anybody explain where in the HELL the Constitution grants Congress the power to set the minimum wage?
Senator Harkin needs a permanent return trip to the dreaded private sector. Voters of Iowa, please take note.
she’s a kook, raising the minimum wage will mean fewer employers can afford employees. These people are completely nuts.