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Increase Of Minimum Wage Is Lose-Lose

March 24, 2013

In response to the article in the Readers’ Forum, “Minimum Wage Hike Is Desperately Needed” let me put in my two cents worth, excuse the pu....

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(50)

formerlyphil

Mar-31-13 5:37 PM

inflation. awesome. that says it all. & so eloquently too.

inflation.

the end.

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GioAllie

Mar-31-13 10:56 AM

have a great Easter Sunday....

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Coppergoat

Mar-29-13 8:56 AM

Phil is really intent on displaying his abject ignorance of economics, isn't he? Fine. Let him think that business owners could be charging higher prices right now for the exact same goods and services without the loss of a single sale, thereby increasing their profits, but choose not to do so out of the goodness of their hearts. At least it's consistent with their delusion that insurance executives are concerned with their well-being while the government is only out to profit from them. Alice in Wonderland.

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ironyoozesfromyouryap

Mar-28-13 11:30 PM

"you attended that obviously provided such an in touch grasp of economics."

I must have hurt Phil's feelings at some point. Sounds like you need to get off the internet and get a life where you can get your anger out in a reasonable manner.

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ironyoozesfromyouryap

Mar-28-13 11:29 PM

"& the cost of everything in every grocery store keeps going up."

Inflation. This isn't hard stuff.

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formerlyphil

Mar-28-13 11:45 AM

my favorite post is still gotta be goatscrot's post saying that costs are NOT passed off to the consumer!

"we are from another dimension. we come in peace. we mean you no harm. we only wish to learn your ways."

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formerlyphil

Mar-28-13 11:40 AM

"If the doom and gloom surrounding a min. wage increase is a fallacy--example, the 1996 Clinton increase bill, followed by all that peace and prosperity, until gw, why do righties still rant the same false talking points, Bruce?"

yes that genius armpiit. comparing the technological BOON of the '90s to today's struggling-to-recover from recession. lol a sad comparison. somehow not surprising you're still trying to make your orange as red as that apple.

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PhD1960

Mar-27-13 1:06 PM

FYI, Alice: Sheldon Cooper doesn't understand sarcasm. You'll have to speak plainly. Please.

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ironyoozesfromyouryap

Mar-26-13 12:26 PM

Clearly, I was talking about prices of goods.

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ironyoozesfromyouryap

Mar-26-13 12:24 PM

"When you make it a mandatory wage, it's universal and applies to everyone-there's no competition."

My reference had nothing to do with wage competition.

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GioAllie

Mar-26-13 11:22 AM

seedog--there's always "gitmo"---and now we're renovating the place-oh didn't that cowardly lyin Hannity tell ya?

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Howard

Mar-26-13 10:37 AM

Well,FedUpL8ly, where is our republican house budget now? A sane one. All they come up with is a budget they know will go no further. It is as if Romney won - they are in a fantasy-land. They spend all their time trying to vote down Obamacare as if they could! Talk about a waste of time! I believe it is around 40 votes so far. Idiots. By the way, it was your beloved Reagan that said the deficit didn't matter, so why does it bother you? Besides, the way things are going today Reagan would be a democrat.

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DavidVA

Mar-26-13 10:26 AM

@ FedUpL8ly - ""A rising tide lifts all boats". How about giving the source for the 1990 reference? Or was that some Democratic strategist talking-point on MSNBC."

OK, it originated in New England from a source not known. The first public use of it that actually gained notice was by JFK in 1963, though he had also used it earlier during his Seante career.

Happy?

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DavidVA

Mar-26-13 10:05 AM

@ Scallywag -

Having run a business myself for 10 years, I can say that there are good and bad times, but that's the choice you make if you wish to be in business. Having a business also provides benefits that working folks will never have, so crying crocadile tears for Mom and Pop is a bit misplaced.

The facts were covered well by Coppergoat. Business hire when they need help and pay as little as they can for it. On the other hand, people need to be paid for the work they do, because their expenses still need to be met. That's the purpose of work ... not making someone else better-off.

If you wish to work for the benefit of others, there are many charities and churches looking for volunteers, though I assume most of us are not rich enough to work for free.

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FedUpL8ly

Mar-26-13 3:11 AM

Just to illustrate the ignorant rebuttals, iron_etc. says that businesses don't pass along costs because of competition. When you make it a mandatory wage, it's universal and applies to everyone-there's no competition. "A rising tide lifts all boats". How about giving the source for the 1990 reference? Or was that some Democratic strategist talking-point on MSNBC. Howard, the only thing you could overload is the amount of socialist rhetoric you constantly spew. You reference Reagan's budget deficits as being worse than Obama's but ignore the fact that before Obama is halfway through his second term, he will have racked up more debt than ALL of the presidents before him, including Reagan. And Howard, you never mention it but in case you didn't know, all spending originates with the Congress and Reagan lived with an all-Democratic Congress throughout his 8 years. Just as significant, Clinton had a Republican Congress or he would never have had a balanced budget.

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GioAllie

Mar-25-13 7:20 PM

next, they'll try to reclassify every working person as a waitress, in the event newt's plan for child labor doesn't gain ground.

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Girlyman

Mar-25-13 5:34 PM

Typical right winger...they want you to work for $5/hr and when you have them do basic maintenance on your auto they charge you $75/hr labor something smells !

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GioAllie

Mar-25-13 2:19 PM

that sort of sums up the letter-----

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ironyoozesfromyouryap

Mar-25-13 12:35 PM

It is funny though watching the armchair economists who take advice from other armchair economists.

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ironyoozesfromyouryap

Mar-25-13 12:33 PM

"Passing along the costs is exactly how it works in real life."

False. The presence of competition does not allow it. If there was an oligopoly and collusion it would be "real life" - but no, businesses do not "pass the buck" willingly.

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ironyoozesfromyouryap

Mar-25-13 12:32 PM

Alice - your satire is perfect.

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ironyoozesfromyouryap

Mar-25-13 12:30 PM

"Studies reveal that almost 75 percent of economists think that the minimum wage increases unemployment, and only 10 percent believe that the minimum wage has a beneficial effect."

False. Before 1990, the conventional idea was it decreased unemployment. In recent decades, there is more an argument of "slim to none" effect; also, that it may be an outlier.

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Howard

Mar-25-13 11:21 AM

A prediction from FedUpL8ly. Isn't that swell. Now it can be spun into truth. Well done O'reil... oops, I mean FedUpL8ly. Of course whatever president is in office takes the blame - just like Obama is now, right? This huge amount of debt you speak of - how are we dealing with Reagan's tripling of the debt? There is good debt and bad debt but I wouldn't want to overload you. These rising health care costs you speak of - who is paying for those without insurance now? Or are people just dying? I guess the "patch them up and good luck to you" method would be your best approach? Yes, when rising interest rates and inflation happen during a conservative administration it WILL be their fault. Anything more?

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GioAllie

Mar-25-13 11:04 AM

If the doom and gloom surrounding a min. wage increase is a fallacy--example, the 1996 Clinton increase bill, followed by all that peace and prosperity, until gw, why do righties still rant the same false talking points, Bruce?

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Coppergoat

Mar-25-13 8:34 AM

It's hard to believe there are people unfamiliar with the concept of elasticity who feel entitled to voice their ignorances (I almost said "opinions" but that would imply they have some knowledge to back it up) on capitalism. But I guess that's the nature of this board: prejudices count more than facts, beliefs more than reason.

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