Why do people want a $15.00 minimum wage

In no way is that a "job hiring decrease" as was claimed.

 

when you pay less all you have is mexico

 

Wow that was clever. Yeah i never worked a day in my life and i was never in the Marines. I just come here to lie and yank your chain.

The poverty level where? Im at or below the poverty level and live in one of the most expensive places to live in the US and Im not so bad off.

The minimum wage should not be enough to live on

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I asked for a chart showing the percentage of increase or decrease as I claimed it almost always goes up but slower when you raise the MW which you did and proved me correct.

 

So you say. Anyone can say anything on the internet. Based on your posts, I have my own opinions as to your veracity. Others can decide for themselves.

Anyone can say anything on the internet. What you claim is your personal situation is irrelevant.

Why not? So million/billionaires can buy bigger megayachts? Why did you dodge my question?

Good for you. My response was to the claim that after every MW increase their is a decline in job hires. My data proved that was wrong.

If you want to present evidence supporting your claim, feel free.

 

Because they don't think that far ahead. They just want their feelings pacified.

 

Yes, you are correct. If I'm reading the right data, the inflation adjusted income for the bottom quintile fell by 12.1% or so since 1979.

 

Why do people want a $15.00 minimum wage? Cause asking for $20 won't currently fly.

Scenario - Worker X has been at his company 5 years starting off at $10 and is now making $16, Worker Y comes in and immediately starts at $15 did Worker X just get screwed?

 

Again, nothing but pure speculation on your part.
We've had many min wage increases over the years.

 

There is no correlation between the minimum wage and hiring people. The idea that this is true is due to classical economic theories which seem wonderful on paper or plotted on a graph but do not represent reality. As for the cost of goods and services capturing all that extra income, that is preposterous. It has been proven that paying people a higher wage will not increase the cost of a hamburger, a head of lettuce or a slab of bacon much at all. The key to understanding this is to grasp the concept that a rising tide lifts all boats. Imagine the opposite scenario where there is no minimum wage. It is easy to do, we had this for centuries as a civilization and can see it anywhere you care to go in the third world.

 

You might be able to convince a hard-headed keynesian of this, but nobody else is going to buy it.

 

That is basically true. There is little or no correlation between MW increases and unemployment historically. By far the greater impact on unemployment is the state of the economy, not the minimum wage.

However, there have been no instances of a MW wage increase of the magnitude that a $15.00 MW represents, which almost doubles the current MW.

At some level of increase, even assuming inelasticity of demand for low wage workers, the employment of low wage workers will be affected. An increase of that magnitude in a short period of time would be new ground, and I'm certainly not prepared to say it would have no or even a just a minor effect on low income employment.

 

I believe you are referring to the most important economist that ever existed. While Keynes and his ideas ran the world, we all did just fine. Once Friedman got his hands on things, the world went to hell. I realize that right wingers hate Keynes because he advised that in the face of a lack of demand, government can make up the difference but given the reality of the alternative, I think Keynes got it right. Most of the people who think Keynes was some sort of communist don't understand economics or communism. I am not saying you are in this group but my guess is that you are sympathetic to this notion.

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True but most are saying to increase it gradually over a period of time.

 

No correlation between price and demand?

 

Depends on the elasticity of demand and the relative change.

There may be some correlation, but other factors (such as the state of the economy) affect unemployment much more strongly than the MW, at least at the levels it's been at over the past several decades.

 

How do gast food employees in the US risk their lives?

 

do you have examples of a minimum wage increase that increased over 100% in a single increase? to make an apples to apples comparison... oh you don't? so your claims are all speculation it won't hurt anything? and you aren't actually applying real world examples we have today to demonstrate pro's and con's? and you just want to stick to hypotheticals rather than facts so you don't have to "do the math" to prove it?

okay okay I get it... deny deflect deny deflect...

I get it, its easier to just reject any data you disagree with because it means you wouldn't have to challenge your own thoughts and ideas and come to realize they are flawed... instead reject everything and patch the walls on the bubble you live in, so it doesn't pop... I've given my real world examples, I've backed up my data, I'm comfortable that I've done everything I can, but if someone doesn't want to listen and think with an open mind, nothing I can do, you're not a brick wall, you're a brick box...

 

Yes, the extent to which demand responds to a change in price depends on 1) the shape of the demand curve and 2) the amount of the change in price. But nevertheless demand curves are downward sloping.

 

I connected the dots. We also see your claim has been proven false. And you can't accept it.
But you are good at dodging.

 

The economy appears to have a much strong effect on demand than MW.

 

LOL. A 1%er posting on PF.

 

Apparently you havent.

 

Come on dude or dudette. Have you not read or comprehended what I said? Anything?
I said on 2 occasions prior to this, to you directly, IMO, the $15/hr is election talk. It will not double.
So you can stop you game play.

 

do tell.

 

Yes, he was right in the short term, and possibly in the long term if government is filled with a bunch of brainiacs that know much more than everybody else investing their money.

Look at the debt the keynesians have borrowed to produce the most anemic GDP growth since forever. And that debt has to be serviced, so you're automatically down that.

Sure, the classical economists result in ups and downs. But that debt is on the shoulders of keynesians, and the austrians are saying you have some debts to pay off before you can claim victory. Until then, you're a teenage girl with a maxed out credit card pointing at her shoe collection saying "but look at how many nice shoes I have!".

 

I plan to eat the rich.