Will minimum wage increase backfire?

Originally posted by slappy115
That's called communism. 😠

Call it what you like, it is a fine idea.

Originally posted by Redmike
Perhaps because they're unlucky enough to be US citizens?

They're two of the richest U.S. citizens and can choose wherever they think they will receive the best health care...interestingly enough, they chose the United States.

Originally posted by Redmike
Call it what you like, it is a fine idea.

It's only fine if your life is so bad that you would wish for the collapse of current economic order and civil authority so that you might inherit the rubble.

Originally posted by Redmike
Call it what you like, it is a fine idea.

When then, if it is good for everybody to be well-employed with a good wage then we should all get the same rate too.

Originally posted by Redmike
Call it what you like, it is a fine idea.

....i guess that's why they call it the Blues......

GRANNY.

Originally posted by der schwarze Ritter
It's only fine if your life is so bad that you would wish for the collapse of current economic order and civil authority so that you might inherit the rubble.

My life's ok, thanks.

But I do more than wish for the collapse of the current economic order - I actively work towards it. Wishing on its own doesn't work.

Originally posted by der schwarze Ritter
They're two of the richest U.S. citizens and can choose wherever they think they will receive the best health care...interestingly enough, they chose the United States.

Actually, just cos you're rich doesn't mean you can choose where you like. Cuba's healthcare system doesn't work like that.

Originally posted by slappy115
When then, if it is good for everybody to be well-employed with a good wage then we should all get the same rate too.

If you like.

I'd settle for a decent minimum rate for starters.

Originally posted by der schwarze Ritter
They're two of the richest U.S. citizens and can choose wherever they think they will receive the best health care...interestingly enough, they chose the United States.

The fact that two of the richest U.S. citizens chose to be treated in the United States shows only that U.S. health care is great IF you are rich enough to afford the best the market can offer. If I was a multimillionaire I would indeed choose to be treated in a private hospital in the United States.

On the other hand, if I was poor, I might be grateful for universal health care. Cuba has the highest life expectancy in Latin America. They must be doing something right!

Originally posted by der schwarze Ritter
Then it's settled -- how soon can we get you there?

You have no idea who I am.

Originally posted by der schwarze Ritter
Why can't they make better cars? Because they have no money for R&D since they're strong-armed into paying union employees $65 an hour and lifetime health care. There's a $2,500 "legacy" cost on every vehicle that comes off the assembly line at GM. It's no wonder they're shedding jobs as fast as they can.

TOTAL BS once again.

They have spent a tonne of cash on Research and Development...think the Chevy Volt for example.

GM has relied on selling big giant trucks and SUV's to Americans to drive their profits and sold their passenger cars as an afterthought The cars were/are junk so when the price of gas goes through the roof, and people stop buying GM's gas guzzling trucks and Suv's all they have left are their junk cars to peddle, which no one wants.

Toyota is the #1 selling company for a reason. And it has nothing to do with labour costs because Toyota's vehicles are MORE EXPENSIVE THAN GM's ffs.

It's about QUALITY and value for your money.


Really dsr, you should put more thoughts into your posts because lately, you sound worse than Mr. Bush trying to explain the housing crisis. Maybe you're drunk too?

Originally posted by uzless
TOTAL BS once again.

They have spent a tonne of cash on Research and Development...think the Chevy Volt for example.

GM has relied on selling big giant trucks and SUV's to Americans to drive their profits and sold their passenger cars as an afterthought The cars were/are junk so when the price of gas goes through the roof, and people stop buying GM's g ...[text shortened]... sound worse than Mr. Bush trying to explain the housing crisis. Maybe you're drunk too?

He probably is drunk. With his friend Mr. Soon-to-be-ex-President (😀) Bush.

Originally posted by AThousandYoung
Yes it did.

http://www.ncpa.org/studies/s190/gif/s190j.gif

The evidence suggests that a minimum wage increase does not have any significantly negative effect on employment and does accomplish its stated goal i.e. to raise the living standards of the lowest paid workers. http://www.epi.org/content.cfm/briefingpapers_min_wage_bp

Originally posted by no1marauder
The evidence suggests that a minimum wage increase does not have any significantly negative effect on employment and does accomplish its stated goal i.e. to raise the living standards of the lowest paid workers. http://www.epi.org/content.cfm/briefingpapers_min_wage_bp

I'll check it out.

EDIT - Like most scientific papers, it's dense and wordy with jargon. I skimmed it and it seems that your summary is reasonable as far as I can tell. It's certainly a better source than my little diagram.

So it seems that the hypothesis that mimimum wages decrease employment has no verification as far as I can tell.

Originally posted by Redmike
My life's ok, thanks.

But I do more than wish for the collapse of the current economic order - I actively work towards it. Wishing on its own doesn't work.

I'd be ever so grateful if you would let me in on your activity.

GRANNY.