Obama raising the national Minimum wage to $9.00 Appreciation Thread

[kermit da hustla]

None of these clowns still addressed the point about 96/97 wage increase or the larger minimum increase in the 50s had no effect on the economy and unemployment still decreased and the economy still was in a boom.

Still...NOBODY can have a rational answer to this fact I made because there is none. They are just jumping on the bandwagon repeating the same thing they heard their 8th grade teacher say years and years ago and have been regurgitating this every chance they get on any discussion on minimum wage whether on HuffingtonPost or WashingtonPost.

Butt...Buuutt !!! I personally saw statistics myself on Yahoo Answers...anddd aaand my boy Ethan in Oregon told me there unemployment went down and it just HAS to be because of the minimum wage increase they had

they don't have anything but right-wing propaganda to counter your facts. these dumb nikkas sound like they belong on st0rmfr0nt or freerepublic. self-hating c00ns regurgitating the same hate speech coming from limbaugh and his ilk. shyt is disgusting.

anyone still peddling "tax cuts" as a sensible economic remedy is criminally stupid and not worth responding to.

 

[JayYoung713]

*sighs* this does not affect my 6 figure job and neither my dime piece wife. (starts up Benz and goes to lunch at Fogo De Chao on you heaux)

 

[Dr. Acula]

None of these clowns still addressed the point about 96/97 wage increase or the larger minimum increase in the 50s had no effect on the economy and unemployment still decreased and the economy still was in a boom.

Still...NOBODY can have a rational answer to this fact I made because there is none. They are just jumping on the bandwagon repeating the same thing they heard their 8th grade teacher say years and years ago and have been regurgitating this every chance they get on any discussion on minimum wage whether on HuffingtonPost or WashingtonPost.

Butt...Buuutt !!! I personally saw statistics myself on Yahoo Answers...anddd aaand my boy Ethan in Oregon told me there unemployment went down and it just HAS to be because of the minimum wage increase they had

Apr 1, 1991

$4.25 for all covered, nonexempt workers
Oct 1, 1996

$4.75 for all covered, nonexempt workers
Sep 1, 19975

$5.15 for all covered, nonexempt workers
Jul 24, 2007

$5.85 for all covered, nonexempt workers

U.S. Department of Labor - Wage and Hour Division (WHD) - Minimum Wage

This seems like a fairly stable increase in wage and not a sudden jump like $9/hr.

they don't have anything but right-wing propaganda to counter your facts. these dumb nikkas sound like they belong on st0rmfr0nt or freerepublic. self-hating c00ns regurgitating the same hate speech coming from limbaugh and his ilk. shyt is disgusting.

anyone still peddling "tax cuts" as a sensible economic remedy is criminally stupid and not worth responding to.

This is not just a right or left issue..

 

[Silky Johnson]

So all you coli millionaires are economists too? Or yall lil dumb nikkas just repeating the spin these union-busting, money hording cacs throwing out? Or even worse, just repeating the theory from that economics class you probably going to fail or failed already?

The federal minimum wage has lost 30% of its purchasing power in recent decades, according to the law project. If the minimum wage had kept pace with the cost of living since 1968, it would now equal $10.56. The White House says that raising the wage to $9 restores its inflation-adjusted value to where it was in 1981.

The impact of a $9 minimum wage - Feb. 12, 2013

Congress last increased the rate in stages in 2007, topping it out at $7.25 an hour in 2009, or $15,080 a year.
That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the chance to climb out of poverty, let alone afford basic goods and services.

This is one of many reasons that critics, including business groups like the U.S. Chamber of Commerce, the National Restaurant Association and many Republicans, oppose minimum-wage increases. The argument is that it will hurt the very people it was meant to help by forcing employers to cut jobs, raise prices or both. They point to studies that minimum-wage increases hurt teenagers, because young workers typically get minimum-wage jobs, which become scarce when employers are forced to raise salaries.

But a wave of new economic research is disproving those arguments about job losses and youth employment. Previous studies tended not to control for regional economic trends that were already affecting employment levels, such as a manufacturing-dependent state that was shedding jobs. The new research looks at micro-level employment patterns for a more accurate employment picture.

The studies find minimum-wage increases even provide an economic boost, albeit a small one, as strapped workers immediately spend their raises. A 2011 paper by economists at the Federal Reserve Bank of Chicago found that a $1 minimum-wage increase lifts household income by about $250 and increases spending by about $700 a quarter in the following year. The spending increase is driven by a small number of households that primarily buy vehicles.

Raise the Minimum Wage - Bloomberg

For the range of minimum wage increases over
the past several decades, methodologies using local comparisons provide more reliable estimates by controlling for
heterogeneity in employment growth. These estimates suggest no detectable employment losses from the kind of minimum wage increases we have seen in the United States.
Our analysis highlights the importance of accounting for
such heterogeneity in future work on this topic.

http://www.irle.berkeley.edu/workingpapers/157-07.pdf

The current minimum wage is behind inflation so people stuck making $7.25 already felt the effects when the prices of milk and produce jumped up over the last 18 months. This will just help them get closer to being above water, not drive costs up or jobs away.

 

[DEAD7]

SMH @ niqqas thinking a raise to the minimum raise is a good thing

Spoiler

niqqas think they gonna be

Spoiler

really they gonna be

Spoiler

and

 

[Rawtid]

Apr 1, 1991

$4.25 for all covered, nonexempt workers
Oct 1, 1996

$4.75 for all covered, nonexempt workers
Sep 1, 19975

$5.15 for all covered, nonexempt workers
Jul 24, 2007

$5.85 for all covered, nonexempt workers

U.S. Department of Labor - Wage and Hour Division (WHD) - Minimum Wage

This seems like a fairly stable increase in wage and not a sudden jump like $9/hr.



This is not just a right or left issue..

LMMFAO! So over the course of 16 years, the minimum wage has increased 1.60? That's a problem to begin with.

 

[Klyk21]

When does this go in effect?Did Obama say this in the spur of the moment?

yeah pretty much. But I'm sure he wants it, just not sure if he's going to get it

 

[CASHAPP]

Apr 1, 1991

$4.25 for all covered, nonexempt workers
Oct 1, 1996

$4.75 for all covered, nonexempt workers
Sep 1, 19975

$5.15 for all covered, nonexempt workers
Jul 24, 2007

$5.85 for all covered, nonexempt workers

U.S. Department of Labor - Wage and Hour Division (WHD) - Minimum Wage

This seems like a fairly stable increase in wage and not a sudden jump like $9/hr.



This is not just a right or left issue..

Lol you clown. You continue to prove my point about how sheeplike you dudes on the Coli can be.

Your basically saying the President saying "$9" means it will automatically jump from 7.25 to $9 overnight.

 

[Data-Hawk]

another thread for the cacs and house ******s to criticize our president doing his best to improve the conditions of our working class. don't quote "eco101," because the very same economists you look to (adam smith, et. al.) are the same fukkers whose sick ideologies put us in the mess of gross economic inequality. parrot that shyt to someone who isn't well versed on economic theory.

like someone said, some of you c00ns think you're going to escape off that plantation and start dining with the white boys you worship.

For the record, minimum wage hikes have not resulted in increased hardship for the working class. it has raised the standard of living for millions. another raise will bear out the same results.

which kermit are you today? The PHD one? or the drug dealer. lol

 

[69 others]

@ all the armchair economist out in force.

anyone with a basic understanding of economics or taken an econ 101 class should automatically and think this is a bad idea.

most of what you learned in eco 101 doesn't work out exactly in the real world breh. economics is not an exact science cause alot of the theories don't work out in perfectly or sometimes even closely in reality and you can't really do controlled experiments to see true cause and effects. So they have to fall back on empirical data and so far the majority of the data shows that increase in minimum wages doesn't have much of an effect on the economy.

 

[Silky Johnson]

SMH @ niqqas thinking a raise to the minimum raise is a good thing

Spoiler

niqqas think they gonna be

Spoiler

really they gonna be

Spoiler

and

SMH @ nikkas thinking giving poor people money so they can at least get near the poverty line is a bad thing.

It's an economic stimulus, dummy.

 

[Sandy_Cheeks]

SMH @ niqqas thinking a raise to the minimum raise is a good thing

Spoiler

niqqas think they gonna be

Spoiler

really they gonna be

Spoiler

and

 

[ogc163]

SMH @ niqqas thinking a raise to the minimum raise is a good thing

Spoiler

niqqas think they gonna be

Spoiler

really they gonna be

Spoiler

and

 

[kermit da hustla]

which kermit are you today? The PHD one? or the drug dealer. lol

 

[kermit da hustla]

So all you coli millionaires are economists too? Or yall lil dumb nikkas just repeating the spin these union-busting, money hording cacs throwing out? Or even worse, just repeating the theory from that economics class you probably going to fail or failed already?





The impact of a $9 minimum wage - Feb. 12, 2013





Raise the Minimum Wage - Bloomberg



http://www.irle.berkeley.edu/workingpapers/157-07.pdf

The current minimum wage is behind inflation so people stuck making $7.25 already felt the effects when the prices of milk and produce jumped up over the last 18 months. This will just help them get closer to being above water, not drive costs up or jobs away.

coli c00ns are @ this ether.