February 8, 20214 yr 21 minutes ago, DEagle7 said: The WSJ article is broad strokes and kinda meh. The study itself is pretty interesting though. Long but interesting. Link to CBO report: https://www.cbo.gov/system/files/2021-02/56975-Minimum-Wage.pdf CBO cuts straight to the point. Like any broad fiscal policy, there are winners and losers. There will be job losses at the bottom, but the net increase in wages will offset many of those going into poverty: Quote In an average week in 2025, the year when the minimum wage would reach $15 per hour, 17 million workers whose wages would otherwise be below $15 per hour would be directly affected, and many of the 10 million workers whose wages would otherwise be slightly above that wage rate would also be affected. At that time, the effects on workers and their families would include the following:Employment would be reduced by 1.4 million workers, or 0.9 percent, according to CBO’s average estimate; and The number of people in poverty would be reduced by 0.9 million. Young, less educated people would account for a disproportionate share of those reductions in employment. The report also explores changes to various government programs/spending, the budget deficit, prices of goods/services, labor costs, corporate profits, etc. 1 minute ago, ToastJenkins said: I guess i would care more if the cbo were at all accurate about mich of anything even when they gamed the assumptions they had to admit huge jobs losses Whose side do you think CBO is on? Do you think they're biased in favor of $15 minimum wage? CBO is nonpartisan. And who can predict the future, 100% of the time?
February 8, 20214 yr 4 minutes ago, Dave Moss said: How about they start with $9 or even $10. They will. It goes up every year for 5 years Quote June 1, 2021, $9.50 June 1, 2022, $11.00 June 1, 2023, $12.50 June 1, 2024, $14.00 June 1, 2025, $15.00 June 1, 2026 and later, $15.00 plusanindexing adjustmenta
February 8, 20214 yr I've calculated the inflation adjusted minimum wage for rates from 1981, 1991, and 1997, and they all end up around $8-9.50, not $15. I'm not sure where this argument comes from that the current rate lags behind the historical rate? It gets dodgy in the late 70s with inflation, so if they're picking one of those it's going to compound in a whacky way.
February 8, 20214 yr 23 minutes ago, toolg said: They will. It goes up every year for 5 years So every year more jobs will leave for Chi-nah?
February 8, 20214 yr 19 minutes ago, JohnSnowsHair said: I've calculated the inflation adjusted minimum wage for rates from 1981, 1991, and 1997, and they all end up around $8-9.50, not $15. I'm not sure where this argument comes from that the current rate lags behind the historical rate? It gets dodgy in the late 70s with inflation, so if they're picking one of those it's going to compound in a whacky way. The current Federal minimum wage is $7.25/hour, so it is lagging. I do agree $15/hour seems like over-correction. 6 minutes ago, Dave Moss said: So every year more jobs will leave for Chi-nah? IMO China can have those low-wage jobs. USA keeps chugging along. Goodbye!
February 8, 20214 yr 1 hour ago, toolg said: Link to CBO report: https://www.cbo.gov/system/files/2021-02/56975-Minimum-Wage.pdf CBO cuts straight to the point. Like any broad fiscal policy, there are winners and losers. There will be job losses at the bottom, but the net increase in wages will offset many of those going into poverty: The report also explores changes to various government programs/spending, the budget deficit, prices of goods/services, labor costs, corporate profits, etc. Whose side do you think CBO is on? Do you think they're biased in favor of $15 minimum wage? CBO is nonpartisan. And who can predict the future, 100% of the time? Cbo is on no ones side typically but they have to default to analyzing all things as if the assumptions given to them are true. No matter how absurd its incredibly stupid policy the gop should try to stonewall
February 8, 20214 yr 4 hours ago, vikas83 said: Gonna go out on a limb and say the kids cost more than you might get from the government. Just a hunch. But they give so much more... Are they gone? Am I alone? Please help me, they are killing me. My soul...it's empty. Help!
February 9, 20214 yr If cable news has to talk about Biden going home to Delaware, or any of this noise, then there is too much cable news.
February 9, 20214 yr 2 hours ago, Toastrel said: They know the President doesn’t fly in economy class, right??
February 9, 20214 yr 19 hours ago, DEagle7 said: A lot of assumptions/projections being made here, but the study itself is an interesting read wherever you stand. And no I'm not saying I agree/disagree with a minimum wage hike. Just saw it on twitter and thought it was a decent study. Everybody freaks out about change. In the end I think we'll be fine -- some businesses that exploited workers and lived on the edge may have to close. Some businesses will raise prices and be fine. I don't want workers to have to have 3 jobs to survive or feel like the people I interact with working those places are desperate and one step away from homelessness and despair. It was different in the 70s when kids were working McDonalds as an after school gig. Now it is people working fulltime and teenagers don't want to flip burgers. (and I know all of these minimum wage jobs are not fast food).
February 9, 20214 yr 10 minutes ago, Kz! said: who could have predicted this? So, Biden ended Trump's America Last war in Yemen but beefed up troops in Syria? Sounds like a wash to me.
February 9, 20214 yr 21 hours ago, EaglesRocker97 said: Seems excessive. We are a rich country -- it is about time we act like it. Instead of extreme capitalism fought to the death and I got mine, so screw you. (And guess what, I won't get a dime out of this proposal -- I make too much).
February 9, 20214 yr 15 minutes ago, Kz! said: who could have predicted this? Its all Hunter Biden's fault -- right?
February 9, 20214 yr 2 minutes ago, VanHammersly said: So, Biden ended Trump's America Last war in Yemen but beefed up troops in Syria? Sounds like a wash to me. The notion of Trump the Middle East non interventionist is a sick joke. He was very blatantly constructing his own coalition, which included Israel but didn't need european support, to attack Iran.
February 9, 20214 yr 3 minutes ago, dawkins4prez said: The notion of Trump the Middle East non interventionist is a sick joke. He was very blatantly constructing his own coalition, which included Israel but didn't need european support, to attack Iran. It should also be noted he was taking money from the Saudis and fighting a war in Yemen for them in return.
February 9, 20214 yr 1 minute ago, Gannan said: It should also be noted he was taking money from the Saudis and fighting a war in Yemen for them in return. Yup. Blatant mercenary use of US Troops. Without the mandatory speeches about democracy.
February 9, 20214 yr 33 minutes ago, dawkins4prez said: The notion of Trump the Middle East non interventionist is a sick joke. He was very blatantly constructing his own coalition, which included Israel but didn't need european support, to attack Iran. Right. Of course. He also engaged in a new war in Yemen that Trump supporters somehow never noticed and droned the ME at a greater clip than Obama. And, to your point, he was leading us to war with Iran, which is likely still going to happen because the options are nuclear Iran or war with Iran (unless somehow we can reengage in the nuclear deal, but that seems very unlikely). You can bet the Republicans will begin to magically realize that we have to stop Iran from obtaining a nuke now that Biden's in charge, while they conveniently ignored it over the last few years (and even praised Trump's stupid, poorly-thought-through attempt to hand them a nuke on a silver platter).
February 9, 20214 yr Author 28 minutes ago, caesar said: We are a rich country -- it is about time we act like it. Instead of extreme capitalism fought to the death and I got mine, so screw you. (And guess what, I won't get a dime out of this proposal -- I make too much). I agree with your general sentiments, but I think this proposal goes a little too far.
February 9, 20214 yr 24 minutes ago, caesar said: We are a rich country -- it is about time we act like it. Instead of extreme capitalism fought to the death and I got mine, so screw you. (And guess what, I won't get a dime out of this proposal -- I make too much). lol the federal government overspends by hundreds of billions every single year and people still say things like this. We deserve everything that's coming to us.
February 9, 20214 yr 14 minutes ago, Kz! said: lol the federal government overspends by hundreds of billions every single year and people still say things like this. We deserve everything that's coming to us. But what does it spend on? Bloated military; tax breaks for the wealthy and corporations -- which cost the treasury billions if not trillions. Science forbid that the focus be on individuals instead of corporations. Let's spend it on stuff that benefits all of us: infrastructure projects; jobs programs; single payor health care; education.
February 9, 20214 yr 13 minutes ago, caesar said: But what does it spend on? Depends on who is in charge.
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