|
|
Register | Netphoria's Amazon.com Link | Members List | Mark Forums Read |
|
Thread Tools | Display Modes |
05-06-2008, 07:57 PM | #31 |
cunt cookies
Posts: 7,117
|
Effective July 24, 2007, the federal minimum wage will increase to $5.85 an hour,
Effective July 24, 2008, the federal minimum wage will increase to $6.55 an hour; and Effective July 24, 2009, the federal minimum wage will increase to $7.25 an hour. thank god it's not 5.15 anymore... |
|
05-06-2008, 08:04 PM | #32 |
Out fart the hottie!
Location: I have super gonorrhoea
Posts: 24,323
|
Whoa... minimum wage is $8.07 in Washington State. That includes people who are servers in restaurants. They must be so rich. Everyone move here and work at Red Robin!
|
|
05-06-2008, 08:20 PM | #33 | |
Master of Karate and Friendship
Location: in your butt
Posts: 72,975
|
Quote:
|
|
|
05-06-2008, 08:24 PM | #34 |
cibohplaicos
Posts: 10,308
|
congrats on not having to cross the street
|
|
05-06-2008, 08:47 PM | #35 |
cunt cookies
Posts: 7,117
|
|
|
05-06-2008, 09:41 PM | #36 |
Banned
Location: I am from the sea!
Posts: 4,946
|
congz, glotr defender
|
|
05-07-2008, 11:36 AM | #37 |
Braindead
Location: i like traffic lights, but only when they're green.
Posts: 15,724
|
today is my last final. in about 2 1/2 hours. also my birthday is a week from tomorrow
|
|
05-07-2008, 12:36 PM | #38 |
Master of Karate and Friendship
Location: in your butt
Posts: 72,975
|
|
|
05-10-2008, 08:17 PM | #39 |
Just Hook it to My Veins!
Location: all over the Internet
Posts: 44,548
|
|
|
05-10-2008, 11:18 PM | #40 |
Just Hook it to My Veins!
Location: Planet Nintendu 64
Posts: 30,819
|
what the hell are you doing btw
|
|
05-11-2008, 12:34 AM | #41 |
Just Hook it to My Veins!
Location: all over the Internet
Posts: 44,548
|
he has a face suited for radio
|
|
05-11-2008, 12:45 AM | #42 |
Banned
Location: I am from the sea!
Posts: 4,946
|
nimrod is just pissedt hat he isnt going to be making 2 times as much as anyone anymore
|
|
05-11-2008, 06:43 PM | #43 |
The Man of Tomorrow
Posts: 26,965
|
So, you fired yet?
|
|
05-12-2008, 07:14 PM | #44 | |
Master of Karate and Friendship
Location: in your butt
Posts: 72,975
|
Quote:
However it makes people feel better and pander to a voting demographic to raise the minimum wage, even though they know what they're doing is - in the long run - keeping them poor. |
|
|
05-12-2008, 09:15 PM | #45 | |
Ownz
Location: No, you can't do that.
Posts: 901
|
Quote:
|
|
|
05-12-2008, 09:32 PM | #46 | |
ghost
Location: @SactoMacto
Posts: 12,201
|
Quote:
|
|
|
05-12-2008, 09:33 PM | #47 |
ghost
Location: @SactoMacto
Posts: 12,201
|
|
|
05-13-2008, 12:51 PM | #48 |
Master of Karate and Friendship
Location: in your butt
Posts: 72,975
|
Children, please. Do some research for once. BTW, the entire Bibliography is on this page for 50 years of economic studies on the minimum wage. http://www.house.gov/jec/cost-gov/re...um/50years.htm
|
|
05-13-2008, 12:53 PM | #49 |
Master of Karate and Friendship
Location: in your butt
Posts: 72,975
|
http://www.house.gov/jec/cost-gov/re...st/against.htm
Jobs and the Minimum Wage Economists have studied the job-destroying features of a higher minimum wage. Estimates of the job losses of raising the minimum wage from $4.25 to $5.15 have ranged from 625,000 to 100,000 lost jobs. It is important to recognize that the jobs lost are mainly entry-level jobs. By destroying entry-level jobs, a higher minimum wage harms the lifetime earnings prospects of low-skilled workers. http://www.house.gov/jec/cost-gov/re...t/fig-1_sm.gifClick here to see Figure 1. Proponents have been able to muddle the debate by pointing to a study done by two Princeton economists, David Card and Alan Krueger. These economists claimed to find that raising the minimum wage does not lower employment. [1] In one paper, they succeeded in casting doubt on 200 years of economic research and theory. Economists took their challenge seriously and attempted to recreate their results. It could not be done. Economists who attempted to replicate their work demonstrated conclusively that raising the minimum wage destroys jobs. [2] Even after the Card and Krueger study was fully discredited by economic science, it is still being used by proponents of higher minimum wages to support an increase. Why must they rely on discredited research to support their call for raising the minimum wage? Because they recognize that Americans do not support proposals that destroy jobs. Proponents often like to show survey results that say more than eighty percent of Americans support a higher minimum wage. Yet, the same survey shows less than half surveyed, 46 percent, support raising the minimum wage if it "might reduce the number of jobs available for workers with limited skills."[3] Clearly, if Americans were informed of the true effects of raising the minimum wage, support would rapidly erode. Minimum Wage Workers Supporters claim that raising the minimum wage is important for working families. Secretary of Labor Robert Reich often repeats the fact that forty percent of minimum wage workers are the sole source of income for their families. This is misleading because it relies on lumping single, non-family individuals with families. Only 2.8 percent of workers earning less than $5.15 are single parents. [4] Only 1.2 percent of all minimum wage workers were adult heads of households with incomes less than $10,000. [5] Fifty-seven percent of minimum wage workers are single individuals, many of them living with their parents. http://www.house.gov/jec/cost-gov/re...t/fig-2_sm.gifClick here to see Figure 2. Minimum wage workers are not parents struggling to feed their children. Rather, they are high school or college students living at home. The level of the minimum wage is irrelevant for most people in poverty. Only 9.2 percent of poor people of working age have full-time jobs. [6] http://www.house.gov/jec/cost-gov/re...t/fig-3_sm.gifClick here to see Figure 3. Side Effects of Raising the Minimum Wage It has been well documented that the minimum wage destroys jobs, particularly the jobs of low-skilled, young workers. However, there are other equally pernicious side effects of higher minimum wages. Higher minimum wages make it more difficult for people to leave welfare and induce high-school students to drop out. Dr. Peter Brandon of the Institute for Research on Poverty studied how raising the minimum wage affect the transition from welfare to work. [7] He found that raising it keeps welfare mothers on welfare longer. Mothers on welfare in states that raised their minimum wage remained on welfare 44 percent longer than mothers on welfare in states where it was not raised.[8] The reason for this result is that raising the minimum wage induces some people to enter the labor market who would not apply if not for the higher level. With a larger labor market, employers choose higher-skilled applicants. Thus, raising the minimum wage hurts low-skilled workers in two ways. First, there are fewer jobs available. Second, with a larger pool of applicants, competition is stiffer. Low-skilled workers have a more difficult time getting those job skills that are crucial to economic well-being. Another side effect of raising the minimum wage is that it increases the number of high-school students who drop out. [9] Some of these students do not find employment. Another group of students are part of those applicants that compete jobs away from welfare recipients. Dropping out of school is very destructive. High school drop-outs have a very difficult time improving their well-being. The Elusive Benefits of a Higher Minimum Wage The proponents of a higher minimum wage argue that it is vitally important to raise it in order to improve the lives of poor workers. However, the raise will have only a limited impact on poor working families. [10] A single parent with two children living in California would gain only 26 cents from a 90 cent increase in the minimum wage. To put this gain in perspective, each minimum wage worker who earns $4.25 an hour brings home $3.92 for each hour worked once payroll taxes are deducted. The employer costs of a minimum wage worker is $4.58 an hour when the employers share of the payroll tax is included. [11] If workers could take home the amount of money it costs the employer to hire workers, they could have 62 cents more per hour. Clearly, the California parent would be better off if the tax wedge were reduced, rather than increasing the minimum wage. Conclusion The campaign to raise the minimum wage will have little positive impact on the lives of poor people. Rather, it is a political measure that plays to a misunderstanding of the impact of higher minimum wages. The future of the American economy depends on a correct understanding of the causes of prosperity. For too long, attempts to relieve poverty have been misguided. To lift people out of poverty, we need a system that maximizes opportunities for economic well-being of low-skilled workers. Raising the minimum wage is a wrong-headed solution that will deprive young, poor Americans of an opportunity to improve their economic situation. Senior Economist |
|
05-13-2008, 12:53 PM | #50 |
Master of Karate and Friendship
Location: in your butt
Posts: 72,975
|
Minimum Wages Reduce School Enrollment
Contrary to the rhetoric of those who favor raising the minimum wage, most people affected by the minimum wage are actually young workers. Individuals between the ages of 16 and 24 accounted for 53 percent of all minimum wage-earners in 2005.[2] When the minimum wage rises, it increases the incomes of teenagers with minimum-wage jobs, making entering the workforce more attractive. This, in turn, can be expected to cause some students to spend less time in school and more time working. While the overall number of minimum-wage jobs might decrease, if employers prefer to hire teenagers to low-skilled adults, the number of teenagers enrolled in school would drop. Recent research has confirmed exactly this effect. David Neumark, professor of economics at Michigan State University, and William Wascher, a researcher with the Federal Reserve, found that minimum wage hikes decrease the proportion of teenagers enrolled in school.[3] In states which allow students to drop out of school before they are 18, a 10 percent increase in the minimum wage caused teenage school enrollment to drop by two percent. In states which require students to stay in school until they are 18, raising the minimum wage had no effect. In sum, when students have the option, higher minimum wages motivate some to leave school and start working. Another recent paper confirms this conclusion. Duncan Chaplin of the Urban Institute, Mark Turner of John Hopkins University, and Andreas Pape of Michigan State University examined teenagers’ continuation ratios—the proportion of a school’s students in any year who either graduate or progress to the next grade level.[4] They found that higher minimum wages decreased continuation ratios and led teenagers to drop out of school. Again, this result was present only in states where teenagers could drop out of school at younger ages. Workers need skills and education to get ahead in the economy, and workers without a high school diploma face difficult career prospects. Raising the minimum wage actually motivates teenagers to make choices that may push them into poverty later in life. Long-Term Effects of Minimum Wages The fact that minimum wages reduce educational attainment suggests examining their long-term effects. In a recent study, Neumark and Olena Nizalova, of Michigan State University, examined the incomes of adults who had been teenagers when minimum wages rose in their states.[5] They found that minimum wage hikes reduced both the probability of holding a job and the incomes of workers exposed to them over a decade later. They also found that this negative effect is larger for African-Americans than for whites, perhaps because more African-Americans hold jobs that pay near the minimum wage. Raising the minimum wage has these negative long-term effects because it alters the choices that people make today in ways that have long-term consequences. It induces some students to drop out of school, reducing their long-term employability. By raising unemployment and eliminating entry-level jobs, minimum wage hikes also eliminate opportunities for workers to gain valuable experience and skills that prepare them for future jobs. These unintended consequences severely hamper low-income workers’ future job and earning prospects. Minimum Wage Increases Do Not Reduce Poverty For all the negative unintended effects of the minimum wage, it is perhaps not surprising that the minimum wage does not reduce poverty.[6] Neumark and Wascher found that minimum wage hikes increased the probability that poor families escaped poverty but also increased the probability that previously non-poor families fell below the poverty line. Overall, poverty rates did not change. Neumark and Wascher conclude that raising minimum wages does not reduce poverty: On balance, we find no compelling evidence supporting the view that minimum wages help in the fight against poverty. Rather, because not only the wage gains but also the disemployment effects of minimum wage increases are concentrated among low-income families, the various tradeoffs created by minimum wage increases more closely resemble income redistribution among low-income families than income redistribution from high- to low-income families.[7] On balance, then, the minimum wage leaves low-income Americans no better off in the short term and far worse off in the long term. Conclusion Due to unintended effects, a law can achieve the opposite of its supporters’ intentions. The minimum wage is such a law. It is intended to reduce poverty, but it does not. Instead it encourages teenagers to drop out of school and reduces low-income workers’ future job prospects and earnings. Good intentions are not enough. Congress should not pass a destructive minimum wage hike that will harm the most vulnerable American workers. |
|
07-23-2014, 12:20 AM | #51 |
Banned
Posts: 5,711
|
I like how all the sources in that go to heritage.org
|
|
07-23-2014, 01:01 AM | #52 |
Banned
Location: I believe in the transcendental qualities of friendship.
Posts: 39,439
|
nimrod was like if fred durst read ayn rand
|
|
07-23-2014, 01:02 AM | #53 |
Socialphobic
Posts: 11,831
|
lol wow
|
|
07-23-2014, 01:15 AM | #54 |
Immortal
Location: like liutenant dan i'm rollin'
Posts: 21,016
|
|
|
07-23-2014, 01:16 AM | #55 |
Immortal
Location: like liutenant dan i'm rollin'
Posts: 21,016
|
and was a champion poker player thats cooler than you
|
|
09-02-2014, 07:25 PM | #56 |
Just Hook it to My Veins!
Location: all over the Internet
Posts: 44,548
|
thanks for the memories. that job ruled.
|
|
09-03-2014, 10:13 AM | #57 |
Apocalyptic Poster
Location: some broken utopia
Posts: 2,067
|
I sprouted wings, which was pretty cool, but they fell off.
|
|
09-03-2014, 10:26 AM | #58 |
Shut the fuck up!
Location: "Okay, white power feminist" - yo soy el mejor
Posts: 23,882
|
i miss Nimrod. I liked it when i pissed him off by telling him I made more money than he did.
|
|
09-03-2014, 11:42 AM | #59 |
huh
Posts: 62,456
|
Oh god nimrod
|
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Mr. Madonna | sickbadthing | General Chat Archive | 23 | 09-20-2007 01:25 PM |
ISO pitchfork festival Friday ticket (Sonic Youth & Slint) | List On Fork | Pumpkins Archive | 6 | 06-11-2007 04:49 PM |
First Single?? | ToEachesOwn | Pumpkins Archive | 65 | 05-02-2007 07:31 PM |
A lot of weird things happened on Friday | barden | General Chat Archive | 10 | 12-11-2006 01:05 PM |
friday wouldn't be friday w/out a hangover. also, i owe the gf 36 consecutive nigh... | TIMb | General Chat Archive | 8 | 02-10-2006 11:10 AM |