Obama to raise minimum wage to $9.50 an hour by 2011.

[Xavier434]

Originally posted by: jbourne77

Originally posted by: SagaLore

Originally posted by: jbourne77
However, in the days since the election, we've been constantly prepped by Obama and the media for failed delivery of his promises, and more information about his policy has surfaced, and I don't like what I'm seeing one stinking bit.

Dude, its been less than 3 days, give the guy some time.

I know, and that's why I find it so shocking. I'm obviously willing to give it some time, or I wouldn't have voted for him. What deeply concerns me, however, is that the last 3 days - beginning with his acceptance speech - have been spent preparing us for failed delivery. It was "hope hope hope" for a year (by both Obama and the media), and then overnight it's turned into "now let's be realistic."

A lot of us were TRYING to be realistic during the campaign season, but were accused of everything from fear mongering to racism.

That is not true at all. He and Biden have been stressing both hope and being realistic for a while now. How did you miss that part?

 

[JS80]

Originally posted by: MikeyLSU
the people this really hurts is those that make around $9.50 now and a little up.

They will see no increase in income and will now be making minimum wage. While price of good very well can/will go up.

I agree we don't need to have sweatshops with people making $5 a day. But I have no reason to believe that would happen if we got rid of minimum wage alltogether. I really think the market would work it out to a fair wage and it would probably be around the current $6-$8 range(since that is what many of the fast food places pay).

Wrong, the people this hurts is those who have marketable skills that are worth below $9.50 but are effectively being told they are not allowed to work. This hurts the poorest and teenagers the most.

Poor person: Hi I want to work for $7/hour
Govt: Hi fuck you, you can't work motherfucker die.

 

[blahblah99]

Originally posted by: ICRS
Please lets not make this political.

http://change.gov/agenda/urbanpolicy

Increase the Minimum Wage: As president, Obama will raise the minimum wage to $9.50 an hour by 2011 and index it to inflation so full-time workers can earn a living wage that allows them to raise their families and pay for basic needs such as food, transportation, and housing ? things so many people take for granted.

Personally I think it is good, hopefully he also abolishes the arcane practice of allowing tip pay to go towards the minimum wage requirement. This $9.50 should apply to all jobs and tip should never count towards it.

P&N'd

ATOT Moderator ElFenix

And hopefully by removing tips from going towards minimum wages, America doesn't expect TIPS for just doing their damn job.

 

[JS80]

Originally posted by: joshsquall

Originally posted by: OneOfTheseDays

Originally posted by: Ocguy31

Originally posted by: OneOfTheseDays
Republican economics and philosophy = MASSIVE FAILURE.

Supply side economics doesn't work and has never worked in this country. Republicans have never shown they are capable of balancing a budget and keeping spending under control. They have no idea how to run an economy. When I see conservatives on here act like they know how to run the economy I laugh. Your party is a failure and your ideologies are a failure.

Do you feel better inside now?


My buddy owns 3 KFCs here in CA. A couple years back our minimum went to $8.50. That same day, he had to raise prices by about $.30-$.50 on every item.

But noone should be surprised. Everyone wants a handout.

You're a country bumpkin who knows nothing about how to run an economy. He hasn't even been sworn in yet and you moronic conservatives are throwing a fit. Your party is a fucking cancer on this nation.

Jesus, how has this troll not been banned yet? That's right, the mods only ban trolling conservatives.

QFT

 

[Throckmorton]

Originally posted by: JS80

Originally posted by: MikeyLSU
the people this really hurts is those that make around $9.50 now and a little up.

They will see no increase in income and will now be making minimum wage. While price of good very well can/will go up.

I agree we don't need to have sweatshops with people making $5 a day. But I have no reason to believe that would happen if we got rid of minimum wage alltogether. I really think the market would work it out to a fair wage and it would probably be around the current $6-$8 range(since that is what many of the fast food places pay).

Wrong, the people this hurts is those who have marketable skills that are worth below $9.50 but are effectively being told they are not allowed to work. This hurts the poorest and teenagers the most.

Poor person: Hi I want to work for $7/hour
Govt: Hi fuck you, you can't work motherfucker die.

If an employer needs the work done, he'll hire someone to do it whether it's for $6 or $9.50, unless the margin is so slim that he won't spend the extra 3 bucks.

 

[heyheybooboo]

Originally posted by: jbourne77

Originally posted by: heyheybooboo

Originally posted by: jbourne77

Originally posted by: heyheybooboo

Originally posted by: jbourne77

Originally posted by: heyheybooboo

Originally posted by: jbourne77

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

And you Fail at history, too

Instead of posting nothing but "you fail" comments, how about you back it up?

Sorry ... I take out the garbage - which is what constitutes your thread-crapping.

So in other words you have nothing of substance to add. Got it. In that case, fuck off.

You obviously have no clue as to what you are talking about ...

Exhibit A:

Originally posted by: jbourne77

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

Again, no substance. Tell me WHY, instead of spewing your own brand of threadcrapping "fail", "fail", "fail").

Think you can manage to do that without childish insults and troll posts? Doubt it, but I'll give you a chance.

No.

It is incumbent upon you to back up your fallacy which you clearly cannot.

Checkmate. I win.

 

[Stuxnet]

Originally posted by: Throckmorton

Originally posted by: JS80

Originally posted by: MikeyLSU
the people this really hurts is those that make around $9.50 now and a little up.

They will see no increase in income and will now be making minimum wage. While price of good very well can/will go up.

I agree we don't need to have sweatshops with people making $5 a day. But I have no reason to believe that would happen if we got rid of minimum wage alltogether. I really think the market would work it out to a fair wage and it would probably be around the current $6-$8 range(since that is what many of the fast food places pay).

Wrong, the people this hurts is those who have marketable skills that are worth below $9.50 but are effectively being told they are not allowed to work. This hurts the poorest and teenagers the most.

Poor person: Hi I want to work for $7/hour
Govt: Hi fuck you, you can't work motherfucker die.

If an employer needs the work done, he'll hire someone to do it whether it's for $6 or $9.50, unless the margin is so slim that he won't spend the extra 3 bucks.

That's not necessarily true at all. If I own a corner convenience store and hire someone to stock shelves, and then the new min wage is above what I value the employee's service at, I'll just opt to do it myself. Textbook opportunity cost.

 

[JS80]

Originally posted by: jbourne77

Originally posted by: Throckmorton

Originally posted by: JS80

Originally posted by: MikeyLSU
the people this really hurts is those that make around $9.50 now and a little up.

They will see no increase in income and will now be making minimum wage. While price of good very well can/will go up.

I agree we don't need to have sweatshops with people making $5 a day. But I have no reason to believe that would happen if we got rid of minimum wage alltogether. I really think the market would work it out to a fair wage and it would probably be around the current $6-$8 range(since that is what many of the fast food places pay).

Wrong, the people this hurts is those who have marketable skills that are worth below $9.50 but are effectively being told they are not allowed to work. This hurts the poorest and teenagers the most.

Poor person: Hi I want to work for $7/hour
Govt: Hi fuck you, you can't work motherfucker die.

If an employer needs the work done, he'll hire someone to do it whether it's for $6 or $9.50, unless the margin is so slim that he won't spend the extra 3 bucks.

That's not necessarily true at all. If I own a corner convenience store and hire someone to stock shelves, and then the new min wage is above what I value the employee's service at, I'll just opt to do it myself. Textbook opportunity cost.

Yup, or have an existing employee do more work. Or fire the cheap existing employee and hire someone worth the money to do more things.

 

[Stuxnet]

Originally posted by: heyheybooboo

Originally posted by: jbourne77

Originally posted by: heyheybooboo

Originally posted by: jbourne77

Originally posted by: heyheybooboo

Originally posted by: jbourne77

Originally posted by: heyheybooboo

Originally posted by: jbourne77

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

And you Fail at history, too

Instead of posting nothing but "you fail" comments, how about you back it up?

Sorry ... I take out the garbage - which is what constitutes your thread-crapping.

So in other words you have nothing of substance to add. Got it. In that case, fuck off.

You obviously have no clue as to what you are talking about ...

Exhibit A:

Originally posted by: jbourne77

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

Again, no substance. Tell me WHY, instead of spewing your own brand of threadcrapping "fail", "fail", "fail").

Think you can manage to do that without childish insults and troll posts? Doubt it, but I'll give you a chance.

No.

It is incumbent upon you to back up your fallacy which you clearly cannot.

Checkmate. I win.

LOL

Continue trolling around these forums with your drive-by "you fail" "you fail", without backing it up, while the rest of us grown-ups talk.

 

[dmcowen674]

Only way Republicans would be happy is reduce minimum wage to China levels of 25 cents an hour with no health care, no retirement, no nothing.

 

[Xavier434]

Originally posted by: jbourne77

Originally posted by: Throckmorton
If an employer needs the work done, he'll hire someone to do it whether it's for $6 or $9.50, unless the margin is so slim that he won't spend the extra 3 bucks.

That's not necessarily true at all. If I own a corner convenience store and hire someone to stock shelves, and then the new min wage is above what I value the employee's service at, I'll just opt to do it myself. Textbook opportunity cost.

That is under the assumption that you have time to do it yourself and that you believe that your time is worth less that the $9.50 it would cost to pay someone else to do it.

 

[jackace]

http://www.msnbc.msn.com/id/15227667/

"More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ?fully eroded.?

http://www.truthout.org/articl...-wage-doesnt-cost-jobs

"My thinking on this has changed dramatically," says Alan Blinder, a former Federal Reserve vice chairman who teaches economics at Princeton University in Princeton, New Jersey. "The evidence appears to be against the simple-minded theory that a modest increase in the minimum wage causes substantial job loss."

 

[SagaLore]

Originally posted by: dmcowen674
Only way Republicans would be happy is reduce minimum wage to China levels of 25 cents an hour with no health care, no retirement, no nothing.

That would certainly bring back American jobs.

 

[dmcowen674]

Originally posted by: OneOfTheseDays

Originally posted by: Ocguy31

Originally posted by: OneOfTheseDays
Republican economics and philosophy = MASSIVE FAILURE.

Supply side economics doesn't work and has never worked in this country. Republicans have never shown they are capable of balancing a budget and keeping spending under control. They have no idea how to run an economy. When I see conservatives on here act like they know how to run the economy I laugh. Your party is a failure and your ideologies are a failure.

Do you feel better inside now?


My buddy owns 3 KFCs here in CA. A couple years back our minimum went to $8.50. That same day, he had to raise prices by about $.30-$.50 on every item.

But noone should be surprised. Everyone wants a handout.

You're a country bumpkin who knows nothing about how to run an economy. He hasn't even been sworn in yet and you moronic conservatives are throwing a fit.

Your party is a fucking cancer on this nation.

That's OK, I am doing whatever I can to make them as uncomfortable as possible living here. Hopefully they will just pack up and leave.

 

[bamacre]

Originally posted by: dmcowen674
Only way Republicans would be happy is reduce minimum wage to China levels of 25 cents an hour with no health care, no retirement, no nothing.

Is there anyone here that listens to you for any reason other than for the humor?

 

[Xavier434]

Originally posted by: jackace
http://www.msnbc.msn.com/id/15227667/

"More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ?fully eroded.?

http://www.truthout.org/articl...-wage-doesnt-cost-jobs

"My thinking on this has changed dramatically," says Alan Blinder, a former Federal Reserve vice chairman who teaches economics at Princeton University in Princeton, New Jersey. "The evidence appears to be against the simple-minded theory that a modest increase in the minimum wage causes substantial job loss."

Interesting

 

[BrunoPuntzJones]

Originally posted by: jackace
http://www.msnbc.msn.com/id/15227667/

"More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ?fully eroded.?

http://www.truthout.org/articl...-wage-doesnt-cost-jobs

"My thinking on this has changed dramatically," says Alan Blinder, a former Federal Reserve vice chairman who teaches economics at Princeton University in Princeton, New Jersey. "The evidence appears to be against the simple-minded theory that a modest increase in the minimum wage causes substantial job loss."

Yeah and it's happened, those articles are over 2 years old.

 

[JS80]

Originally posted by: jackace
http://www.msnbc.msn.com/id/15227667/

"More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ?fully eroded.?

http://www.truthout.org/articl...-wage-doesnt-cost-jobs

"My thinking on this has changed dramatically," says Alan Blinder, a former Federal Reserve vice chairman who teaches economics at Princeton University in Princeton, New Jersey. "The evidence appears to be against the simple-minded theory that a modest increase in the minimum wage causes substantial job loss."

What a fucking partisan. The theory does not state it causes substantial job loss. In fact, the theory states that it causes small job losses, benefits those who are already making around the minimum wage, and that future growth gets fucked.

It fucks the people who are willing to work for below minimum wage.

 

[heyheybooboo]

Exhibit A:

Originally posted by: jbourne77

And to control inflation, Carter tried strongarming the Fed to bend to his will. Reagan got it under control, but he did it by simply getting the hell out of the way and letting the Fed do its job.

It is incumbent upon you to back up your fallacy which you clearly cannot.

 

[Stuxnet]

Originally posted by: dmcowen674
Only way Republicans would be happy is reduce minimum wage to China levels of 25 cents an hour with no health care, no retirement, no nothing.

You haven't answered my question, Dave. How does minimum wage help anybody?

 

[dmcowen674]

Originally posted by: bamacre

Originally posted by: dmcowen674
Only way Republicans would be happy is reduce minimum wage to China levels of 25 cents an hour with no health care, no retirement, no nothing.

Is there anyone here that listens to you for any reason other than for the humor?

Apparently you do

 

[Jaskalas]

Originally posted by: Xavier434

Originally posted by: jackace
http://www.msnbc.msn.com/id/15227667/

"More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ?fully eroded.?

http://www.truthout.org/articl...-wage-doesnt-cost-jobs

"My thinking on this has changed dramatically," says Alan Blinder, a former Federal Reserve vice chairman who teaches economics at Princeton University in Princeton, New Jersey. "The evidence appears to be against the simple-minded theory that a modest increase in the minimum wage causes substantial job loss."

Interesting

Very interesting considering the last increase was passed last year, wasn't it?

 

[winnar111]

Originally posted by: Xavier434

Originally posted by: ElFenix

Originally posted by: biostud
if the minimum wage is raised the buying power of the poorest increase, and so they will gain in wealth. Since they will use the money to buy groceries etc., the money will be redistributed on the market and thus increase trade.

Raising the minimum will have little effect for people already earning more than the minimum wage, but will have a huge effect for the poorest in the country. And a minimum wage of $9.5 is nothing.

the majority of people making minimum wage live under mommy and daddy's roof.

But some don't and we need to adjust for inflation.


As stated in my previous posts though, my position on it depends on the state of the econ by 2011. I have confidence that Obama feels the same way. The man clearly has priorities.

Thus jump is a lot bigger than inflation. This is a 31% jump in 2 years.

 

[bamacre]

Originally posted by: Xavier434

Originally posted by: jackace
http://www.msnbc.msn.com/id/15227667/

"More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ?fully eroded.?

http://www.truthout.org/articl...-wage-doesnt-cost-jobs

"My thinking on this has changed dramatically," says Alan Blinder, a former Federal Reserve vice chairman who teaches economics at Princeton University in Princeton, New Jersey. "The evidence appears to be against the simple-minded theory that a modest increase in the minimum wage causes substantial job loss."

Interesting

And by 2011, that $9.50 will have already eroded. Prices will increase faster than their wage.

Instead of increasing minimum wage, they aught to look at why we even need one anyway. With a stronger, more stable economy, people wouldn't be fighting for work, businesses would be fighting for workers, naturally increasing wages instead of government doing it artificially.

 

[Stuxnet]

Originally posted by: Xavier434

Originally posted by: jbourne77

Originally posted by: Throckmorton
If an employer needs the work done, he'll hire someone to do it whether it's for $6 or $9.50, unless the margin is so slim that he won't spend the extra 3 bucks.

That's not necessarily true at all. If I own a corner convenience store and hire someone to stock shelves, and then the new min wage is above what I value the employee's service at, I'll just opt to do it myself. Textbook opportunity cost.

That is under the assumption that you have time to do it yourself and that you believe that your time is worth less that the $9.50 it would cost to pay someone else to do it.

That is true in some cases, and untrue in others. Here's a case where it's untrue:

My shelves must be stocked. I place a certain price on my time. If that price is lower than 9.50 an hour, I'll simply work more hours to do the work of the employee(s) I must fire. The work is still being done, but the economy just shrunk.