I’m gonna laugh my ass off if this this how fast food responds to $15/hr:
Hires a large amount of employees and has them work only 5-7 hours a week.
Boy, wouldn’t that suck haha
Or just replace them altogether with machines and computers. That and $10 cheeseburgers.
Recent New York Times opinion articles by Arindrajit Dube and Paul Krugman suggest that raising the minimum wage will have no effects on employment.
University of California (Irvine) professors David Neumark and J.M. Ian Salas and Federal Reserve Board of Governors economist William Wascher show that raising the minimum wage will result in fewer jobs for teens and low-skill workers. Their recent working paper,Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater, was released by the National Bureau of Economic Research this year. They conclude that “the research record still shows that minimum wages pose a tradeoff of higher wages for some against job losses for others, and that policymakers need to bear this tradeoff in mind when making decisions about increasing the minimum wage.”
This debate shows the problems of statistical analysis when interpreting complex economic situations. Since fewer than 3 percent of American workers are paid the minimum wage or below, teasing out effects on the aggregate economy is complex—many are unseen.
Nevertheless, evidence is clear that teens and low-skill workers are disproportionately affected by increases in the minimum wage (see Neumark’s review of minimum wage literature). When minimum wage is increased, workers whose skills are below the new level are pushed out of or blocked from entering the workforce. Young people (half of those earning the minimum wage) who are looking to gain experience are put at a disadvantage. In earlier work, Neumark has shown that higher minimum wages particularly affect African American teens, whose unemployment rate is now 36 percent.
Most who want a higher minimum wage argue in support of increasing the federal, not state or local, minimum wage. Twenty-one states and the District of Columbia have a rate above the federal level. The commonly proposed federal rate of $10.10 is above Washington State’s level of $9.19 an hour—the highest in the nation. Labor market conditions and cost of living differ throughout the country, as is shown by how difficult it is to statistically measure the real effects of minimum wage increases.
Pretending that increasing the rate would have no negative effects on inexperienced and low-skill workers is misleading and unrealistic. If minimum wages had no effect, why stop at $10.10? Why not $20.20, or $30.30? The answer, of course, is that many people would not be employed—just as some will not be employed with an increase in the wage to $10.10. As is the case with many well-intentioned policies, the losers of higher minimum wage laws are those who are young or low-skilled.
Organizers expect fast-food workers throughout the US to walk off the job on Thursday in a show of solidarity against what they allege are immoral industry practices, and as part of the movement lobbying for a $15 federal minimum wage.
At least 100 cities are scheduled to participate in the demonstration, but one of the central locations will almost certainly be New York City. An estimated 57,000 fast food employees work in the Big Apple, where the median industry wage amounts to $8.89 an hour, a number Allison Kilkenny of The Nation writes is the lowest of any job in the city.
Such demonstrations began occurring at a steady pace in New York last year and the movement has since spread through the country. At strikes this past August in 60 cities, including Washington DC, workers have called for the minimum wage to be raised, as well as the right to unionize and for the ability to work without fear of retaliation.
Get ready for higher prices, less hours AND more machines doing work normally done by people. If they get their way, this will be disastrous.
Labor is just a product… make it more expensive and we’ll find a way to do without it.
I already hate the self checkout lanes at Wal-Mart, I’m going to really hate it when nearly everyplace is like that.
People need to realize that there is a very big consequence to messing with markets like this.
Anonymous asked: Why don't we raise the minimum wage to like $15 an hour? I mean its not like cost of living will skyrocket or that workers will have less hours and small business owners can only hire a few part time workers...I mean fuck common sense am I right?
Not sure if you’re being sarcastic or serious. lol
If we raise the minimum wage, employers will hire less people, raise costs for consumers and not innovate due to costs. What a person gets paid for a job needs to be based on the job at hand, the skills of the employee and the deal he/she makes with the employer… not the government.
With blood oozing from deep lacerations, the two patients arrived at California Pacific Medical Center’s tidy emergency room. Deepika Singh, 26, had gashed her knee at a backyard barbecue. Orla Roche, a rambunctious toddler on vacation with her family, had tumbled from a couch, splitting open her forehead on a table.
On a quiet Saturday in May, nurses in blue scrubs quickly ushered the two patients into treatment rooms. The wounds were cleaned, numbed and mended in under an hour. “It was great — they had good DVDs, the staff couldn’t have been nicer,” said Emer Duffy, Orla’s mother.
Then the bills arrived. Ms. Singh’s three stitches cost $2,229.11. Orla’s forehead was sealed with a dab of skin glue for $1,696. “When I first saw the charge, I said, ‘What could possibly have cost that much?’ ” recalled Ms. Singh.
And that my friends is government subsidized health care. Remove competition and prices will increase.
(Coal, power plant) (AP Photo) (CNSNews.com) - The price of elec
I’d say yes. What do you think?
The 2014 October Surprise
You think the amount of health insurance cancellations is bad now? Just wait until next fall. According to a new independent analysis of Obamacare, a second wave of insurance policy cancellations will hit just before the 2014 mid-term elections—to the tune of 50 to 100 million.
An analysis by the American Enterprise Institute, a conservative think tank, shows that the next round of cancellations and premium hikes will affect employees, particularly of small businesses. While the administration has attempted to explain away the current cancellations affecting the individual market by claiming that it represents a small fraction of the population, the vast majority of Americans get their health insurance through their employer. The inevitable purge of non-compliant employer-sponsored coverage will be much more broad—AEI anticipates half to two-thirds of small businesses will have their policies cancelled or be compelled to dump workers onto the Obamacare exchanges.
Furthermore, while Obama announced last week that insurance companies could continue to offer out-of-compliance plans to individuals for another year, it only means that those cancellations will resume once again next fall—on top of the millions and millions of new employee insurance cancellations.
Come October 2014, there will be no explaining away, and nowhere for Obama—or the Democrats—to hide.
Mike Rowe’s Non-Partisan, Full-Throated Defense of Self-Sufficiency and Hard Work May Be the Best Thing You Read All Day
When Mike Rowe says he’s serious about promoting jobs, encouraging self-sufficiency and boosting the American economy, he’s not kidding. He actually means it.
And even if you try to trip him up with questions about how the Republican Party is supposedly stifling economic growth, he just wants to talk about jobs.
Consider, for example, a recent conversation Rowe had with one Jennifer Bailey who tried repeatedly to get the TV star to say Republicans are to blame for slow job creation in the United States.
“How can the middle class send their kids to college for ‘four or more years’ when the Republicans have made it far too expensive with raising interest rates on school loans and wanting to end federal grants?” Bailey asked.
Rowe responded on Facebook Sunday by challenging the notion that college is expensive only because of interest rates and student loans. He also challenged the notion that middle-class families should feel obligated to send their children to expensive four-year colleges.
“I’m not anti-college; I’m anti-debt. If you can afford it, by all means go for it,” Rowe wrote in a Facebook post. “But I reject the idea that a four-year school is the best path for the most people.”
He also addressed her “blame the GOP” tactic: “If blame is your thing, there’s plenty to go around. Republicans and Democrats have both allowed a trillion dollars of public money to flow freely between students and colleges with no real accountability for the results.”
Bailey then turned her attention to “greedy corporations.”
“Do you realize how many jobs would be available if the greedy corporations kept manufacturing and technical jobs here?” she asked Rowe.
“Yes, I think I do. But what makes you think they would be filled?” Rowe answered. “Right now, in the manufacturing sector alone, 600,000 jobs are currently available. That’s 600,000 open positions that American manufacturers can’t fill. You’re right — if all the American corporations moved all their manufacturing facilities and factories back to the United States we’d have a few million more openings.”
He raised the obvious questions: Would Americans really rush to fill these spots?
“[I]t’s not that simple. If it were, it would already be happening. We wouldn’t have a skills gap. But we do, and it’s getting wider every year. The fact is — according to the government’s own numbers — 3.7 million jobs are available right now,” he wrote. “Doesn’t it make sense to fill those positions before we start demanding that companies create more opportunities that people don’t aspire to?”
“Like it or not, we’re in a global economy, and it’s not the politicians or the corporations calling the shots. It’s us. What we do as consumers matters far more than what we say as citizens,” he added.
Still Bailey persisted: The GOP “talked JOBS,JOBS, JOBS and all they’ve done is help their rich cronies, obstruct job making bills, make higher education unaffordable for everyone BUT their rich supporters!!”
But Rowe kept at it, never once losing sight of his main point.
“I get it. The Republicans are bad. (I know this because you have use both CAPS and exclamation points!!) You have identified the GOP and their rich friends as the cause of a great many problems. You are certainly not alone,” Rowe wrote.
“But frankly, I don’t find your analysis to be all that persuasive. For one thing, millions of conservatives are far from rich. And millions of liberals are far from poor. Does the government have a huge role to play? Sure. But ultimately, the way out of this is not through D.C. The buck no longer stops there. It stops with us. It has to,” he added.
Again, Bailey insisted that Republicans are the real source of all that’s wrong with America’s economy.
“Why don’t you look at THOSE facts and ask the GOP to get off their collective derrières, help create jobs and quit jeopardizing the future of the American people!” she wrote.
“Because honestly, Jennifer, I don’t believe that the GOP or the Dems or the president can actually ‘create’ jobs,” Rowe wrote, hammering his central point home.
“The best they can do is encourage an environment where people who might be willing to assume the risk of hiring other people are more inclined to do so. That’s what I’d like them to do. And to the extent that either party would ever listen to a guy that used to have a show on cable TV — that’s about all I would ask of them,” he added.
I love this guy.
"Unexpected!" Media caught off guard again as job creation slows in September to only 148k jobs
It’s pretty remarkable how the mainstream media continues to keep its hopes up that somehow, some way President Obama’s economic policies will magically begin to grow the jobs market. Every month they wait with baited breath, and virtually every month, they’re disappointed.
Today’s jobs report was so bad, many media outlets are busting out the old U-word: ”unexpectedly.”
Here’s a sample of headlines:
I could keep going, but I think you get the picture. The media was not expecting the jobs market to slow.
We reached out to famed economist Iago the Parrot for his reaction to today’s awful jobs numbers. Here’s a video of his response:
This sounds fine and dandy, but lacks any economic sense. You can’t just mandate a company lower their prices and not expect something to go wrong. Government intruding on private industry is always a bad idea and should be a rare event.
The reason insurance companies charge so much is because, in part, government regulations force them to pass administration costs to the consumer. This doesn’t even take into account the taxes and fees on all medical devices and services.
This isn’t an in-depth analysis and explanation of why costs are going up, but they are two of the leading causes. Companies don’t just pull a number out of thin air to charge for a product, they add up their costs and add on a profit margin.
You’re complaining about not having a job… but you voted for Obama twice?
Even though its republicans and big businesses who took jobs away? Oh man, you have a lot to learn.
Businesses provide jobs, lmfao.
Big businesses that outsource jobs for cheaper labor? Yeah, they provide jobs for others but NOT this country
Outsourcing has benefits- less power to the unions. The labor is still quality. Outsourcing saves a company a lot of money, which, in turn, would go towards hiring more people. It’s win/win.
You’re burying the lead: Why do companies, and not just “big business,” outsource to other countries?
High taxes, administration costs, price of labor, health care costs, excessive regulations… AKA government intrusion.
This is why many companies relocate to states with low to no state income tax and low cost of living and, sometimes, out of the country. It’s big government that causes the problem in the first place and Obama is the poster boy for big government.
"Elections have consequences, you get what you vote for."
"In Defense of Liberty"