Do you live under a rock? Which places have the highest minimum wage? And which places have the highest crime, and lowest job opportunities? Oh they're the same places...
But since you have a hard time using Google, let me help you.
Strongest data points
If you want to raise the minimum wage, understand the tradeoffs:
• $15 federal minimum wage: CBO estimated it would raise wages for 17 million workers, but also cause 1.4 million workers to lose employment.
• Prices: Research on minimum-wage increases consistently finds businesses pass part of higher labor costs on to consumers—especially in restaurants.
• Hours: Businesses don't have to fire workers to reduce labor costs. They can cut hours, shifts, overtime, and hiring instead.
• Teen workers: Young and inexperienced workers tend to experience the largest employment effects because their productivity is often closest to the minimum wage.
• Automation: Higher labor costs increase the incentive to replace low-skilled labor with self-checkout, kiosks, ordering apps, and other automation.
A minimum wage doesn't make labor more productive. It makes employing that labor more expensive.
The real question isn't whether workers should earn more.
It's who pays for it—and who gets priced out of the labor market.
Source: Congressional Budget Office, The Effects on Employment and Family Income of Increasing the Federal Minimum Wage (2019).
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Replies (11)
Look here son, if you are gonna “google” something…take the time to ask google for a counter argument.
Raising minimum wage is not how you combat inflation.
It actually will increase the amount of money printing. Further exhasrbating everything.
If labor is being undervalued then that points to a supply demand imbalance in the market. You can't correct that by setting an artificial price floor. In the county where I live the effective minimum wage, (the lowest pay rate entry level jobs are advertised for to get bodies), is almost double the state minimum wage. It's not because a government said so and it's not because employers here are extra generous, it's because that's where the forces of supply and demand have set the price of low skill labor.
Precisely. @ BlueDuckBTC The reason I'm calling you retarded is because you are advocating for a solution that will not solve anything and actually make things worse. The evidence is clear. You ever heard of Stockholm syndrome?
Go beg Daddy Government for more money.
Calling others retards is silly considering that you seem to need an Ai to make your points for you. You can't even make your own arguments, you can only sling shit at others. Weak man.
I think the word retard is silly. And I think some ideas are retarded. Socialism is a retarded idea. And I used ai once... to compile evidence I knew already existed and didn't want to spend 20 minutes typing it out to someone that isn't going to care what the facts are anyways.
Is the ai wrong? Or is it just information you don't want to contend with?
AI itself is OK. However, having AI make your arguments for you is wrong when you cannot argue your case on you own. You're solely able to make the basest of assertions, and then throw shit at others. It's childish, dumb and such behaviour deserves only scorn.
It didn't make any arguments for me. It cited a study. Which is what he asked for. I made the argument, it backed it with the facts.
What deserves scorn is your inability to retort the facts presented and instead play this game of "well you just used ai and bad words"
It's a petty character assassination and anyone that's not retarded can see through it.
No, you made crude insults and copypastaed your google ai response afterwards as if it was both an argument on its own and if its results were indisputably correct and unassailable. It was neither, in the unlikely case that you care to examine what you copypasted.
Why should I spend my time typing out arguments to a person that clearly does not recognise the value of argument, or even what an argument is?
You continue to accuse others of what you are yourself guilty of, and you have clearly misunderstood what a character assasination is, assuming of course that those were your words and not more ai puke. You offer nothing of value. Still solely worthy of scorn.
Or, just make the straightforward observation that the whole American economy depends on a highly mobile labor force where the currently pitiable minwage can no longer pay the gas bills that said labor force requires to make their daily commute.
Which is part of the reason orange guy has his nutsack in a vise, since he may very well manage to collapse the US economy on his watch by running the domestic economy on conservative principles and also starting a war that causes a crucial input into the national economy to explode in price. Hence his catastrophic approval rating and why the midterms will most likely be a blue landslide.
The US will go up in smoke if you continue to run the economy on the assumption that squeezing the least well off even harder will bring about prosperity. It won't.
I have used ai exactly once in this thread. To cite the COB findings in 2019.