04-17-2019, 09:37 AM
Sometimes they work, sometimes they don't. But rarely do the Dems look beyond the primary effects to the secondary and tertiary effects.
housing
housing
(04-20-2019 05:27 PM)Old Sammy Wrote: [ -> ](04-17-2019 09:37 AM)OptimisticOwl Wrote: [ -> ]Sometimes they work, sometimes they don't. But rarely do the Dems look beyond the primary effects to the secondary and tertiary effects.
housing
Does any politician anywhere do otherwise?
(04-20-2019 05:29 PM)RiceLad15 Wrote: [ -> ](04-20-2019 05:27 PM)Old Sammy Wrote: [ -> ](04-17-2019 09:37 AM)OptimisticOwl Wrote: [ -> ]Sometimes they work, sometimes they don't. But rarely do the Dems look beyond the primary effects to the secondary and tertiary effects.
housing
Does any politician anywhere do otherwise?
Don’t you know, on this board the Republican Party is the true party of America and freedom and intelligence and all things good in the world!
(04-20-2019 05:27 PM)Old Sammy Wrote: [ -> ](04-17-2019 09:37 AM)OptimisticOwl Wrote: [ -> ]Sometimes they work, sometimes they don't. But rarely do the Dems look beyond the primary effects to the secondary and tertiary effects.
housing
Does any politician anywhere do otherwise?
Quote: But 1.3 million other workers would become jobless, according to CBO’s median estimate. There is a two thirds chance that the change in employment would be between about zero and a decrease of 3.7 million workers.
(07-09-2019 08:50 AM)tanqtonic Wrote: [ -> ]Figured this was a best place to add this, apart from the generic "Trump Administration" thread.
For those who continuously talk about the double good great effects of a $15 national minimum wage:
CBO report on minimum wage effects
In shortQuote: But 1.3 million other workers would become jobless, according to CBO’s median estimate. There is a two thirds chance that the change in employment would be between about zero and a decrease of 3.7 million workers.
What is left out is the geographic disparity --- much as California utterly ignored the disparate effects on inland and rural far north California to the 15/hr wage to the effect on the coastal regions.
But, why not 'rule' with a broad brush.....
Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
(07-10-2019 11:51 AM)At Ease Wrote: [ -> ]Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
Link
(07-10-2019 11:51 AM)At Ease Wrote: [ -> ]Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
Link
(07-10-2019 12:00 PM)OptimisticOwl Wrote: [ -> ](07-10-2019 11:51 AM)At Ease Wrote: [ -> ]Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
Link
Answer my question.
(07-10-2019 11:51 AM)At Ease Wrote: [ -> ]Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
Link
(07-10-2019 01:57 PM)RiceLad15 Wrote: [ -> ](07-10-2019 11:51 AM)At Ease Wrote: [ -> ]Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
Link
Thanks for posting. Interesting that the jobs lost are primarily teenagers and part-time workers. A lot less of a problem, IMO, than 1.3 million full-time adult earners losing their jobs. Big difference in those categories.
(07-10-2019 01:57 PM)RiceLad15 Wrote: [ -> ](07-10-2019 11:51 AM)At Ease Wrote: [ -> ]Quote:The greatest effects would be felt by those living below the poverty line, who would see a 5.3 percent increase in earnings. Wages would increase for as many as 27.3 million workers, roughly one in six Americans. That includes “many of the 10 million workers whose wages would be slightly above the new federal minimum,” according to the CBO; as the minimum wage kicks everyone up to $15 an hour, those slightly above that level would likely bargain for and get a raise as well. Workers would see total wages increase by $44 billion in the aggregate, with virtually all of that going to the poor. And 1.3 million Americans would rise out of poverty.
Now for the costs in the cost-benefit analysis. According to the study, 1.3 million Americans would lose their jobs. Half of these would be teenagers, and a large segment of the 700,000 adults losing jobs would be part-timers. Consumers would pay around 0.3 percent more for their goods and services, as the wage increase gets partially passed on, and business owners would lose $14 billion, a trivial amount of total business income.
Link
Thanks for posting. Interesting that the jobs lost are primarily teenagers and part-time workers. A lot less of a problem, IMO, than 1.3 million full-time adult earners losing their jobs. Big difference in those categories.
(07-14-2019 04:28 PM)tanqtonic Wrote: [ -> ]I wonder if any Democratic caucus will ever serve Oreo cookies at a meal meeting.......