Minimum Wage and Unemployment

[A18]

Slightly decrease, but that's not what it should be repealed. It should be repealed because it's immoral.

Anyway, I would just leave it alone and index it for inflation to keep the Democrats from constantly exploiting the issue.

[A18]

If unemployment stays the same, median wages should not go down since the people affected will be at the bottom of the scale. There is no ripple effect.

Coercion is an odd form of morality, but I'm well aware of the fact that most Democrats hate freedom.

[A18]

It's odd how many people will say they oppose price controls, and then turn around and say they support minimum wage (which is a price control, and has the same economic effects).

The money saved from the minimum wage could lead to higher wages for other workers or lower prices (in the latter case, it should be noted that this means wages go up in real terms). There shouldn't be any change in the average wage.

[A18]

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.

It is greater productivity that results in greater purchasing power.

[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.

[A18]

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

[A18]

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

[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.

[A18]

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

[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.

[A18]

Any increase in demand from a higher minimum wage will represent a decrease in demand somewhere else. There is no change, and you're displaying your ignorance of economic subjects by continuing to assert otherwise.

A dollar is a dollar. Neither "helps" the economy by producing new demand. It's a phony argument.

[A18]

They keep it in banks, where it is loaned out. If it's not spent, then obviously prices will just fall, and it's incumbent upon the Fed to purchase securities to maintain price stability.