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Raising the Federal Minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost


By David Cooper | December 19, 2013

http://www.epi.org/publication/raising- ... 10/#_note1

Cooper has a master's from Georgetown, and I certainly support him for that for a reason I won't go into here.

However, when you raise the minimum wage, it means employers look to the pool of 11 or 12 million illegal immigrants.

Again, such drivel from the little wannabe faux.

Let's see, we have the wages that we have today. There are legal and illegal laborers. Now how will the balance change?

According to the little wannabe faux, if wages are increased, legal laborers will be less attracted and decrease in the pool while illegal laborers will increase? Why, because illegal labor is more attracted to higher wages than legal labor? Or, perhaps, employers will be more incented to hire illegal labor at the higher wage than they are incented to hire legal labor at the higher wage? Nonsense.

Or could it be that legal laborers will be more attracted by higher wages, and therefor illegal laborers will become less of a factor in the labor pool?

Hmmm, I wonder which is more rational? No, I don't.

Increased wages will be more attractive to legal laborers than the previously lower wages. Therefor they will increase their representation in the low wage labor pool. (which is no longer as low wage as it previously was previously) Employers, for the same higher wage, will be more likely to hire the greater number of legal laborers who show up over the illegal laborers.

WOW

A few measley bucks an hour is really going to torpedo the economy...

Well, I'm only 6'4" and that was fairly "little" on my college basketball team.

My resume is a lot more real than Bilbo's, or young Cooper with a master's in policy from Georgetown.

When you raise the minimum wage, it means employers look to the pool of 11 or 12 million illegal immigrants.

It also means you raise the cost of doing business, and perhaps limit new hiring, and even failing that the increased costs are passed along to the consumer.

This is basic economics.

A few measley bucks an hour is really going to torpedo the economy...

Liberals are terrible tippers and very seldom donate money or their time. Man up dude, a few measly bucks in tips and donations isn't going to torpedo your budget! Oooh, I'm sorry you meant someone else should shell out the measly bucks, gotcha!

The minimum wage is increased. The employer is already paying his present employees above the minimum, but now they too want a raise since the entry level workers are going to get what it took them a couple of years to achieve. The minimum wage attracts legal workers, yes.. but is the employer ready to pay them the minimum wage? Enter the illegal worker who offers his services for a lower wage. He pays no taxes, Obamacare is not going to bother him, he gets free services including free school lunches for his kids, he doesn't care if he incurs debt, all he has to do is move and change his name. He won't be hounding the employer for bennies, saving the employer 10s of thousands. So who is that very patriotic employer going to hire ?

Now multiply that by thousands of employers across the country.

Enter the illegal worker who offers his services for a lower wage. He pays no taxes, Obamacare is not going to bother him, he gets free services including free school lunches for his kids, he doesn't care if he incurs debt, all he has to do is move and change his name. He won't be hounding the employer for bennies, saving the employer 10s of thousands. So who is that very patriotic employer going to hire ?

Plus you don't have to pay into their social security, they don't belong to unions, you don't have to pay them if they call in sick, no paid time off, hell I'm going to hire me some illegals, lets get this immigration reform passed so we can get some of those folks. I had never looked at it that way but I just need to shift my business to bring them on board and save me tons of money. Now I understand why liberals are for immigration reform.

Math exercise;

$3 extra per hour x 8 hour shift x 5 day work week = ?

Can any of you imbecils say why you can buy with an xtra 100 bucks a week?

Morons

Can any of you imbecils say why you can buy with an xtra 100 bucks a week?

No Elk us imbecils can't say why, you tell.

Try again littler wannabe faux. Care to double down on your idiocy yet again.

During the Bush years, 3x8x5= 120.

Here we have a perfect example of the thought process of emotion driven, knee jerk reactionary liberals. The minimum wage was never intended to be a living wage, rather it's an entry level wage for unskilled workers to get into the job market and learn skills that will allow them to increase their income. Libs think that if the minimum wage were raised to $10 or even $15 per hour, the poor would somehow be transformed. Those that aren't just sitting around waiting for their Obama check to arrive anyway. If forced to pay wages like that, the cost of goods and services would rise accordingly and the increase would be quickly wiped out by inflation. It's better to allow the marketplace to dictate wages and keep the government out of it. Case in point : McDonald's in Williston, N.D. is offering to pay $17.00/hr. and can't find enough people to work. The reason? The oil driven economy is booming in N.D. (thanks to drilling on private land where Obongo can't do anything to stop it).

Try telling that to Bilbo. Bilbo wets himself at the thought that Obama wants to raise the minimum wage, and refuses to consider the consequences. Of course, Obama is bent on destroying, not restoring the economy.

Intrepid wrote:Here we have a perfect example of the thought process of emotion driven, knee jerk reactionary liberals. The minimum wage was never intended to be a living wage, rather it's an entry level wage for unskilled workers to get into the job market and learn skills that will allow them to increase their income.

Says who?

Aw, sillyass, let's see your economic understanding and rational analysis.

ROFLMAO

Bilbo, you know you will never see what YOU want to see in my posts.

aw, sillyass, a duck and dive. How, ummm, expected.

When you raise the minimum wage, it means employers look to the pool of 11 or 12 million illegal immigrants.

It also means you raise the cost of doing business, and perhaps limit new hiring, and even failing that the increased costs are passed along to the consumer.

Bilbo I already said on a previous post what I thought raising the minimum wage would do. No duck, no dive. I think it will destroy the economy and that's exactly what Obama wants and so do you, I gather.

sillydaddy wrote:Bilbo I already said on a previous post what I thought raising the minimum wage would do. No duck, no dive. I think it will destroy the economy and that's exactly what Obama wants and so do you, I gather.

The bottom 40% owns 0.2% of the assets so if the minimum wage is raised 3 or 4 bucks an hour this will raise their slice of the pie to how much? 0.20015% or something like that...

It would destroy the economy

sillyass

Boy, that was inciteful, and filled with rational thinking, and clearly indicates just how increasing the minimum wage leads to economic destruction.

Elkin, didn't you say you had an MBA?

We all know Bilbo doesn't have one, but surely this is a simple thing conceptually.

When you raise the minimum wage, it means employers look to the pool of 11 or 12 million illegal immigrants.

It also means you raise the cost of doing business, and perhaps limit new hiring, and even failing that the increased costs are passed along to the consumer.

Can anybody really even assert these things are untrue?

Bilbo you poor ignorant fuck. Increasing the minimum wage does anything but help the economy.

http://www.heritage.org/research/testim ... he-economy

Yes, sillyass, Sherk says that Keynesian economics, the fundamentally accepted basis for modern economics, is wrong because monetists say it's wrong and because Jesus says it's wrong. One a clear bias, and the other a clear lie.

Didn't one of the lead monetsits who previously ran the Fed say that he was compleytely wrong and helped cause the crash? Oh, yes.

Sorry, sillyass, Heritage and Sherk have no real standing in real economics. They write papers to support their positions and manipulate data to get their per-determined conclusions, rather than run real theory and let the chips fall where they may.

I've been a blue collar worker my whole life. I now own two businesses. If I'm forced to give an employee a three dollar an hour raise, their job is going away. And its not coming back until I can afford it. The only way I can do that is by raising my rates. Or asking much more from fewer employees. Maybe Walmart and McDonalds can absorb that hit if they want to, but most small businesses can't. Aren't you guys always preaching about small businesses being the backbone of our economy? And growing the economy from the middle out? Then this isn't the way. And what about the employee who has been working for years to get to where the new MW is? That employee will immediately demand a significant raise.

You guys can post theories from your think tanks and labor unions and pretend you are some kind of economist, but your all full of shit. This is just politics for the stupid. Education and training and gaining skills your employer needs is the answer. Flipping hamburgers at McDonalds was never intended to be a career. You fucking know it alls have had five years to "fix" everything. Oh that's right, it's those darned Republicans again.

STFU

I stopped hiring full time employees when Obamacare passed in 2010, I can read, I knew this mess was coming. I can let part time workers off easier and don't have to provide the benefits that full time workers receive. As far as increasing wages :lol: :lol: :lol: welcome to what you voted for.

I just wanted to agree with one of the comments made above. I have worked long and hard to get to my position ( I'm a professional cook, go ahead and laugh) in a very competitive workplace. If suddenly many others cover half the ground I've worked for with a big raise in the minimum wage I am going to demand a raise instantly. It isn't fair to me because I have earned it and the others just have it given to them.

I guess a lot of people woke up Wednesday morning to find themselves making the minimum wage......again.

It does suck when one day your making double the minimum wage $15 vs $7.25 and then some idiot off the street walks in and gets paid $10 an hour. I've been through this many times, like the last three increases. Then it never fails that the price of everything rises after the increase. It's a double punishment for people who work for a fucking living. But as long as it brings in the votes who cares, right? It's absolute proof that these experts like the one cited in the first post don't really give a shit about working class people.

If the Obama administration is pushing for a MW increase, then why don't they just do it?
Fuck the legal process, fuck the congress, fuck the Constitution, just decree it and be done with it.
That's their play book on other issues.
No one will challenge them anyway.

Pizza Hut CEO and Founder

Obamacare will bankrupt the company. It will cost the company an additional $1,000,000.00.

Then he announced an ad campaign to give away $4,000,000.00 in pizzas.

Pure dishonest farce. Just like all the faux news people who were presented as hurt by Obamacare, that is, until they looked at the reality.

The reality is that Obama is pushing Congress for an unrealistic increase in the minimum wage. All the while knowing full well it's counter productive and that Congress will not approve it, thus giving him another reason to accuse the Republicans of blocking his efforts to improve the economy.

I guess Bilbobagend is not going to respond to the points raised about fairness to people who have worked for their advancements. He must just only care about getting votes for his favorite party politician. Not about real working people.

The only businesses who will be hurt are the ones who are the most inefficient and rely on low cost labor.

I can't see how or why anybody would not support paying higher wages? So what does that mean, you want to pay people less money? Plus its a shitty business practice to pay the least that you possibly can. Its not an intelligent way to recruit or retain top talent...

Elkin, are you sure you have an MBA?

Every business has floors to be swept, and trash to be taken out, and most of them have some incoming mail to process, and so on.

Pretty much every business has some role for low-cost labor.

That aside, the macro picture is pretty much beyond dispute.

If you raise the minimum wage, why wouldn't the employer hire one of the 11 million illegals?

And, that aside, raising the cost for a business means it is passed along to the consumer.

johnforbes wrote:Elkin, are you sure you have an MBA?

Every business has floors to be swept, and trash to be taken out, and most of them have some incoming mail to process, and so on.

Pretty much every business has some role for low-cost labor.

That aside, the macro picture is pretty much beyond dispute.

If you raise the minimum wage, why wouldn't the employer hire one of the 11 million illegals?

And, that aside, raising the cost for a business means it is passed along to the consumer.

Low cost labor is meaningless in a 16 trillion dollar economy. So you pay the bottom a few bucks more an hour, so what.

The top 25% own 85% of the assets in the nation, 55 trillion or whatever it is. So you increase the wealth of the bottom 500 billion more every year. So is the top 25% going to complain that they are worth 54.5 trillion...

Absurd, you don't need an MBA to figure that out...

I didn't think anyone was going to address the points I mentioned. It's really too bad you guys can't understand how you fuck working people over every time you buy votes from the stupid with the minimum wage bullshit.

Or maybe you do understand.

I didn't think anyone was going to address the points I mentioned. It's really too bad you guys can't understand how you fuck working people over every time you buy votes from the stupid with the minimum wage bullshit.

Or maybe you do understand.

Cost is never meaningless.

You have 11 or 12 million illegals in the labor pool, and raising the minimum wage will mean employers will simply hire fewer American citizens.

It will also mean the increased costs for goods/svcs will be passed along to consumers.