Minimum Wage and Unemployment

[TeePee4Prez]

In the microeconomic sense, the minimum wage should increase unemployment, but in the macroeconomic sense being long term and the economy as a whole, it should have no effect on UE, but will increase the GDP and personal spending power. One should also realize people in this wage zone have the least DI (disposable income) and their MPC (marginal propensity to consume) is much greater. Inflation may go up a little but the real wages will definitely increase so ergo I favor a min wage increase.

Any increase in purchasing power from a higher minimum wage will be offset by a decrease in purchasing power somewhere else.

Of course - the goal is to transferr purchasing power from the owning class to the working class.

Forgot to mention that opebo.  That is why I abhor supply side economics.  It's a sorry excuse to give the wealthy more purchasing power.  The CATO Institute and Club for Growth are glorified PACs that hope to carry these objectives out.

[A18]

No, supply-side is about boosting production, thereby increasing purchasing power for all consumers. Of course the Fed offsets this with lower interest rates.

[opebo]

In the microeconomic sense, the minimum wage should increase unemployment, but in the macroeconomic sense being long term and the economy as a whole, it should have no effect on UE, but will increase the GDP and personal spending power. One should also realize people in this wage zone have the least DI (disposable income) and their MPC (marginal propensity to consume) is much greater. Inflation may go up a little but the real wages will definitely increase so ergo I favor a min wage increase.

Any increase in purchasing power from a higher minimum wage will be offset by a decrease in purchasing power somewhere else.

Of course - the goal is to transferr purchasing power from the owning class to the working class.

Forgot to mention that opebo.  That is why I abhor supply side economics.  It's a sorry excuse to give the wealthy more purchasing power.  The CATO Institute and Club for Growth are glorified PACs that hope to carry these objectives out.

The natural condition under laissez-faire capitalism will be that the owning class will be quite small and recieve nearly all income - the non-owners will receive only just enough to survive, and even at times, temporarily, slightly less than enough to survive.  Certainly if they become redundant or unprofitable to use, they will expire.

The political organizations you listed above are deeply unsatisfied with anything that interferes with complete control of society by the class they serve.

[??????????]

Who cares?  Suicide-bombing is preferable to working in such jobs.

I'll provide the explosives if you provide yourself.

[opebo]

Who cares?  Suicide-bombing is preferable to working in such jobs.

I'll provide the explosives if you provide yourself.

You're much closer to the type I'm suggesting this move for than I, worker.

[○∙◄☻¥tπ[╪AV┼cVê└]

Less money for the working class = Crappy economy = fewer jobs

[A18]

LOL. The results of this poll are hilarious, and show how dumb the average Democrat on this board is.

[○∙◄☻¥tπ[╪AV┼cVê└]

LOL. The results of this poll are hilarious, and show how dumb the average Democrat on this board is.

Ummm, it's a lot more then just Democrats who support a minimum wage.

[A18]

That has nothing to do with this poll. You really are too stupid to have a conversation with.

[○∙◄☻¥tπ[╪AV┼cVê└]

That has nothing to do with this poll. You really are too stupid to have a conversation with.

Don't you realize that you are an extremist here?

[Emsworth]

Don't you realize that you are an extremist here?

"Extremism in the defense of liberty is no vice." -- Barry Goldwater

[A18]

Once again, that has nothing to do with this poll. The fact that anyone thinks a higher minimum wage will increase employment shows how delusional some people are.

Perhaps we should raise the minimum wage to $25. Then the "working class" will have even more money, and we'll have an awesome economy, with more jobs.

[opebo]

Don't you realize that you are an extremist here?

"Extremism in the defense of liberty is no vice." -- Barry Goldwater

Of course not, as there are no objective virtues or vices.  However 'liberty' as you define it is a specific State service for a specific class.

[opebo]

Once again, that has nothing to do with this poll. The fact that anyone thinks a higher minimum wage will increase employment shows how delusional some people are.

Perhaps we should raise the minimum wage to $25. Then the "working class" will have even more money, and we'll have an awesome economy, with more jobs.

Sounds like the 1960's, you deluded supply-sider.

[○∙◄☻¥tπ[╪AV┼cVê└]

Once again, that has nothing to do with this poll. The fact that anyone thinks a higher minimum wage will increase employment shows how delusional some people are.

Perhaps we should raise the minimum wage to $25. Then the "working class" will have even more money, and we'll have an awesome economy, with more jobs.

Explain to me why every Democratic President for that last 80 years has had a higher average annual percentage increase in jobs than every Republican President for the last 80 years?

[Dave from Michigan]

raising the minimum wage is a bad idea  it will eliminate jobs
that poor people have.

[Jake]

That has nothing to do with this poll. You really are too stupid to have a conversation with.

Don't you realize that you are an extremist here?

And you're the dumbass

[○∙◄☻¥tπ[╪AV┼cVê└]

That has nothing to do with this poll. You really are too stupid to have a conversation with.

Don't you realize that you are an extremist here?

And you're the dumbass

Wow, what an insightful post.

[opebo]

raising the minimum wage is a bad idea  it will eliminate jobs
that poor people have.

This is not a problem at all, 9iron, you classist, if those who lose jobs are provided a very generous welfare state in which to relax.

[A18]

Yeah, jfraud likes to talk about meaningless statistics, so he can overlook things like real family incomes and the unemployment rating.

[○∙◄☻¥tπ[╪AV┼cVê└]

Yeah, jfraud likes to talk about meaningless statistics, so he can overlook things like real family incomes and the unemployment rating.

Clearly at least 86% of the general population, and most economicists support keeping the minimum wage. A strong middle class is key to a strong economy. Extremists like you would destroy the economy.

[A18]

The middle class does not get paid minimum wage.

In any event, your post once again has nothing to do with the subject, and it's obvious you're clueless when it comes to economics.

[○∙◄☻¥tπ[╪AV┼cVê└]

The middle class does not get paid minimum wage.

In any event, your post once again has nothing to do with the subject, and it's obvious you're clueless when it comes to economics.

Paying a higher wage gives them more money to spend. The working class will spent it on basic living costs, throwing it right back into the economy. In 2003, extending unemployment benefits would have helped the economy by $1.71 per dollar it cost, versus $0.09 per dollar that the Bush tax cut cost.

Raising the minimum wage would increase the pay of people who were making above the minimum wage. We need to return CEO pay to where it was in 1980 in real dollars. The average worker has taken a paycut, while CEO pay has gone up by about a factor of 10. You obviously don't give a sh**t about the common worker if you don't see the problem with curropt CEOs like Ken Lay making big bucks.

[Jake]

Neither the working class nor the middle class make minimum wage. Those who earn minimum wage come from the poor and impoverished class or the mooch off your parents class. Neither will be helped by a 1 or 2 buck raise.

[opebo]

The middle class does not get paid minimum wage.

What 'middle class'?  That phenomenon is historical only, and was created by governmental and union actions, not capitalism.