(06-02-2014 03:41 PM)DrTorch Wrote:  

(06-02-2014 03:29 PM)blunderbuss Wrote:  First off, you're not really adressing my main concern.... increasing prices. You're mainly trying to prove that jobs aren't lost.

Secondly you're going about this the wrong way. The first impact downstream of wage increases is prices.... much further down the line is the loss of jobs as they eventually will get priced out of the market. The article you're copy / pasting doesn't have enough lag to see the true effect on the market. 6 months is NOT enough time to gauge impacts of minimum wage increases.

http://www.forbes.com/sites/timworstall/...angladesh/

Quote:...the argument that a rise in the minimum wage is costless is, I’m afraid, simply not true.

Yes, cherry-picking data seems to be the norm for leftists, as it's the only way to "prove" their points.

For example, during the strong economy in the early 2000s, here in NoVA you didn't need to raise the min wage, b/c no one was working for it. Demand for workers was too strong. So raising the min wage would have no discernible effect.

However, do it now in a location w/ weak economy, say Zanesville, OH, and you'll see severe consequences.

That's why simpletons like fit don't belong in any sort of position of responsibility.

Whereas the righties' numbers are all completely legit.

(06-03-2014 10:21 PM)NIU007 Wrote:  

(06-02-2014 03:41 PM)DrTorch Wrote:  

(06-02-2014 03:29 PM)blunderbuss Wrote:  First off, you're not really adressing my main concern.... increasing prices. You're mainly trying to prove that jobs aren't lost.

Secondly you're going about this the wrong way. The first impact downstream of wage increases is prices.... much further down the line is the loss of jobs as they eventually will get priced out of the market. The article you're copy / pasting doesn't have enough lag to see the true effect on the market. 6 months is NOT enough time to gauge impacts of minimum wage increases.

http://www.forbes.com/sites/timworstall/...angladesh/

Quote:...the argument that a rise in the minimum wage is costless is, I’m afraid, simply not true.

Yes, cherry-picking data seems to be the norm for leftists, as it's the only way to "prove" their points.

For example, during the strong economy in the early 2000s, here in NoVA you didn't need to raise the min wage, b/c no one was working for it. Demand for workers was too strong. So raising the min wage would have no discernible effect.

However, do it now in a location w/ weak economy, say Zanesville, OH, and you'll see severe consequences.

That's why simpletons like fit don't belong in any sort of position of responsibility.

Whereas the righties' numbers are all completely legit.

Says the guy who didn't even recognize the numbers he was talking about when they were presented.

A high minimum wage is like having a union contract for high wages.
Didn't work out in a lot of places. Basically the government is telling
people that they cannot work unless someone pays them a certain
figure. What about the right to work. Isn't that important also.