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$15 minimum wage would create $6.5 billion for NYC economy, state report says
nydailynews.com ^
| 02/10/2016
| blenn bain
Posted on 02/10/2016 6:09:31 PM PST by BenLurkin
click here to read article
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To: BenLurkin
Wonder how much this dying rag pays their employees.
21
posted on
02/10/2016 6:17:56 PM PST
by
bluerose
To: BenLurkin
Where do they think this $6.5 billion comes from? Out of thin air? Who is going to pay $10-$15 for a McDonalds meal?
22
posted on
02/10/2016 6:18:53 PM PST
by
caver
(Obama: Home of the Whopper)
To: BenLurkin
If $15/hr is good $150/hr would be ten times better. NY, you should raise minimum wages to $350/hr just to be safe.
23
posted on
02/10/2016 6:19:12 PM PST
by
DaveyB
(Live free or die!)
To: BenLurkin; Smedley
>>That would create $13 billion, using Cuomoâs reasoning.<<
$100/hr gets us to 43 billion! Wow, this is a great idea! Every state and business should implement it immediately!!!
24
posted on
02/10/2016 6:19:27 PM PST
by
freedumb2003
(Don't mistake my silence for ignorance, my calmness for acceptance, or my kindness for weakness)
To: Celtic Conservative
“Higher wage= less workers. How much payroll taxes do the unemployed pay? None.”
To be fair, those workers would have been low-wage workers anyway, so they would be takers themselves. The proper assessment is that they would now be taking MORE from the taxpayers.
25
posted on
02/10/2016 6:20:27 PM PST
by
sagar
(3 way race; cranky populist - Trump/Sanders, establishment - Hillary/Kaysick, conservative - Cruz!)
To: Organic Panic
HEY LOOK. I just took 10 dollars from my front pocket, and put it in my back pocket. I now have TWENTY DOLLARS!!!
= = =
Blondie would pull this on Dagwood.
She would get all his money, and he would end up owing her.
26
posted on
02/10/2016 6:20:39 PM PST
by
Scrambler Bob
(As always, /s is implicitly assumed. Unless explicitly labled /not s. Saves keystrokes.)
To: rockinqsranch
Democrats are too dumb to understand that they only know one sided economics.
The employer has a say in how his business is run -and how many employees he can afford to employ at an overly generous minimum wage.. At least until the nazi socialists take over everything and destroy all remaining at will/non union jobs left.
27
posted on
02/10/2016 6:20:43 PM PST
by
x_plus_one
(Obama say, 'no worries, Islam is peace. But the weather is gonna getcha!')
To: BenLurkin
That $6.5 billion has to come from somewhere other than wishful thinking. Where does it come from? Higher prices? Corporate profits if there are any? $15 dollar minimum wage might result in less bottom tier workers and more unemployment negating the rainbow, unicorn, hopey, changey, economic theories of the mathematically challenged left.
Ya think? see tagline
28
posted on
02/10/2016 6:21:45 PM PST
by
VTenigma
(The Democratic party is the party of the mathematically challenged)
To: BenLurkin
"Raising the minimum wage to $15 an hour would benefit 927,400 city workers and pump $6.5 billion into the city's economy." Well hell..! Lets raise it to $30 dollars an hour and we could do TWICE as much good..! /s
:)
29
posted on
02/10/2016 6:22:23 PM PST
by
unread
(Joe McCarthy was right.......)
To: outofsalt
“I’m sure it will put a chicken in every pot.”
________________________________________________
And some pot in every chicken.
30
posted on
02/10/2016 6:23:49 PM PST
by
july4thfreedomfoundation
(Politicians and diapers must be changed often and for the same reason.....Mark Twain)
To: BenLurkin
And line the Union pockets with Cash.
31
posted on
02/10/2016 6:24:31 PM PST
by
Gasshog
(Newly discovered element Trumpamentium causes a Chain Reaction of Testicular Fortitude!!)
To: BenLurkin
This is so ludicrous that they can't be serious. The $6.5 billion dollars extra that minimum-wage workers would receive would be paid for by businesses. The net influx of money is
zero dollars—every dollar received by a New York worker is paid for by some New York business.
Increasing the minimum wage would slow the economy, increase unemployment, encourage the purchase of automated systems instead of hiring people, and distort pricing and therefore investment decisions. The overall effect is negative.
To: BenLurkin
33
posted on
02/10/2016 6:24:58 PM PST
by
svcw
(An armed man is a citizen, an unarmed man is a subject)
To: rockrr
+1 for the bill withers reference
34
posted on
02/10/2016 6:25:04 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: BenLurkin
The economists involved in that report should be fired.
35
posted on
02/10/2016 6:25:45 PM PST
by
FreedomPoster
(Islam delenda est)
To: BenLurkin
Well, if you were innumerate like you are supposed to be then it would make sense to you.
(D**n these people that know how numbers work! What are we gonna do with them?)
37
posted on
02/10/2016 6:28:38 PM PST
by
DoughtyOne
(the Free Republic Caucus: what FReepers are thinking, 100s or 1000s of them. It's up to you.)
To: BenLurkin
$15 minimum wage would create $6.5 billion hole in NYC economy, state report says (in fine print)
Oh, those crazy NYDN journ0lists.
38
posted on
02/10/2016 6:28:43 PM PST
by
Olog-hai
To: Celtic Conservative
Maybe, but I’ll stick with ‘doofuses.’ Sounds more colloquial.
39
posted on
02/10/2016 6:30:37 PM PST
by
PLMerite
(The Revolution...will not be kind.)
To: BenLurkin
What would Trump Do? Buy stock.
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