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States That Raised Minimum Wage See No Slow-Down In Job Growth
An anonymous reader writes: The U.S. Department of Labor has released data that some proponents of raising minimum wage are touting as evidence that higher minimum wage promotes job growth. While the data doesn't actually establish cause and effect, it does "run counter to a Congressional Budget Office report in February that said raising the minimum wage to $10.10 an hour, as the White House supports, would cost 500,000 jobs." The data shows that the 13 states that raised their minimum wages in January added jobs at a faster rate than those that didn't. Other factors likely contributed to this outcome, but some economists are simply relieved that the higher wage factor didn't have a dramatically negative effect in general.
Oh, I'm sorry. Did someone make fun of your cherished fantasies?
Bravo, ad hominem and straw man mixed together in one stinky mess of an argument.
Congratulations (?).
Damn right. People can either choose to be poor and work at Wal-Mart and mooch food stamps from the rest of us, or they can simply decide to move to New York and become hedge fund managers. Libertardian: n. 1. An anarchist who wants to do away with government, but expects police protection from his slaves, judicial enforcement of contract law, and the free and unfettered use of a modern and magically maintained infrastructure. 2. Someone blithely unaware of the consequences and logical inconsistencies of the nonsense they're babbling.
Assuming you misspelled "Libertarian", a libertarian would be extremely opposed to slavery. A strict libertarian would expect infrastructure to be paid for by user fees. You're right though that police protection from slavers and other criminals, enforcement of contract law, and free and unfettered access to modern technologcy would be something a libertarian would expect.
Disclaimer: I used to be very libertarian. I'm not anymore because a healthy libertarian society requires people to be intelligent and rational, and long experience has taught me that in general we are neither.
I often don't like the choices people make, but I like the fact that people make choices. That's why I'm a conservative.
Even professional economists can't agree on such a simple statement, since the details are so complex
- yeah, professional economists don't hire people and don't run businesses, their job is to feed you the pro-state propaganda, but hey, you are only talking to a guy who actually hires people and writes checks, but don't let the reality stand in the way of your fiction.
You can't handle the truth.
Minimum wage is an arbitrary price control, a wage is just a price on labour. Setting minimum wage to an arbitrary number and then declaring that no business that can make a profit hiring people at a price lower than that number should exist is an interesting statement from point of view of some sort of central planner maybe, but from point of view of a real economy that's quite egregious. If somebody is willing to buy a service at 5 bucks but not at 10 for example, then your statement reads like so: because of politics you should have to pay 10 bucks for the service and if you cannot afford it - tough.
When you put it into those terms, then how can you justify such a position if on the other hand you declare that you are somehow pro-people?
You can't handle the truth.