2 hours ago, mr_hunt said:

Has anyone ever seen @Seventy_Yard_FG and Ben Shapiro in the same room at the same time?

26 minutes ago, Seventy_Yard_FG said:

 

 

1 hour ago, mr_hunt said:

13 minutes ago, greend said:

CBO Report, if minimum wage is raised to $15 per hour by 2025:  LINK

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.

900,000 people will be lifted from poverty, robots or no.

Just now, toolg said:

CBO Report, if minimum wage is raised to $15 per hour by 2025:  LINK

900,000 people will be lifted from poverty, robots or no.

9 minutes ago, greend said:

 

54 minutes ago, toolg said:

apply that to yourself. No need to raise minimum wage if places that pay better than minimum wage can't find employees. 

1 hour ago, toolg said:

CBO Report, if minimum wage is raised to $15 per hour by 2025:  LINK

900,000 people will be lifted from poverty, robots or no.

Of the many stupid talking points floated around this, this may be the dumbest. 

Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty."

Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. 

The inability to comprehend the difference between nominal and real wages is truly insane. 

1 hour ago, toolg said:

CBO Report, if minimum wage is raised to $15 per hour by 2025:  LINK

900,000 people will be lifted from poverty, robots or no.

and 1.4M out of work

41 minutes ago, vikas83 said:

Of the many stupid talking points floated around this, this may be the dumbest. 

Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty."

Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. 

The inability to comprehend the difference between nominal and real wages is truly insane. 

its not inability. its willful ignorance because they are zealots to an ideology

1 hour ago, vikas83 said:

Of the many stupid talking points floated around this, this may be the dumbest. 

Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty."

Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. 

The inability to comprehend the difference between nominal and real wages is truly insane. 

The cost of living/price of production/poverty line is not directly tied 1:1 to the wage cost. Yes, there will still be poor people as a result. Yet 900,000 people who were poor will no longer be poor, according to CBO report.

53 minutes ago, vikas83 said:

Of the many stupid talking points floated around this, this may be the dumbest. 

Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty."

Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. 

The inability to comprehend the difference between nominal and real wages is truly insane. 

 

11 minutes ago, ToastJenkins said:

its not inability. its willful ignorance because they are zealots to an ideology

Walmart distribution center up the road from where I work is hiring at 18.00 per hour they can't find anyone. But yeah some schlub at mcdonalds in the same town that's too lazy to work at Walmart deserves 15.00.

Minimum wage jobs are few and far between anymore because of the job market, so if you are working at a minimum wage job, likely you deserve to be.

3 hours ago, vikas83 said:

Of the many stupid talking points floated around this, this may be the dumbest. 

Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty."

Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. 

The inability to comprehend the difference between nominal and real wages is truly insane. 

The issue is only 49% of the populace has assets, but we are dealing with inflation that is reducing the wealth of 51% of the population.  The dollar doesn’t go as far as it did, and it’s about to go even less.  Since the early 90s we’ve been catering to the asset holders.

Yeah, I get don’t be poor, but what are you going to do when the ditch digger who’s working three jobs accidentally cuts the fiber line you need to do your job. Things have a ripple effect. 

If monetary policy was a bit more balanced we wouldn’t have as loud a "fight for $15”.

15 minutes ago, Bill said:

The issue is only 49% of the populace has assets, but we are dealing with inflation that is reducing the wealth of 51% of the population.  The dollar doesn’t go as far as it did, and it’s about to go even less.  Since the early 90s we’ve been catering to the asset holders.

Yeah, I get don’t be poor, but what are you going to do when the ditch digger who’s working three jobs accidentally cuts the fiber line you need to do your job. Things have a ripple effect. 

If monetary policy was a bit more balanced we wouldn’t have as loud a "fight for $15”.

I couldn't agree more. Monetary policy and the resulting inflation (which the government lies about) is what is actually hurting people. So in response, they demand greater spending and deficits in order to combat wealth inequality. Greater deficits means more debt which requires...more accomodative monetary policy. 

Welcome to the cycle to ruin. 

4 hours ago, vikas83 said:

Of the many stupid talking points floated around this, this may be the dumbest. 

Yes, people will make more money in nominal terms. So the CBO says they will be "lifted out of poverty."

Of course, if the minimum wage goes to $15, then the cost of products will rise, increasing the cost of living. Meaning the poverty line will increase. Meaning...people will still be poor. 

The inability to comprehend the difference between nominal and real wages is truly insane. 

Pfft... if we made the minimum wage a million dollars a year everyone would be millionaires!