Reuters:
NEW YORK (Reuters) - A higher U.S. minimum wage is providing a cushion to the economy when it is most needed, according to a report released on Thursday.
Jonathan Tasini: The Minimum Wage: A Disgrace and a Scandal
Rep. Jan Schakowsky: Minimum Wage Increase in the First Hundred Hours
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Doesn't that fly in the face of Republican-Reality, which says paying less and less and then shipping jobs overseas acts as a long-term boost to their economy?
The poor have too much money, and the rich don't have enough.
They mean their own personal economy - the few who make those choices - not our economy.
lol
The wage is pitiful compared with the UK's
well duh, raising the minimum wage is unlike trickle down is a real wage increase without the nebulous invisible hand hypothesized by supply side. We've recently found out that the invisible hand is invisible because it doesn't exist and exerts no real force on anything much less the economy. The trickle down of wealth also hasn't shown us any evidence of it's wide spread existence. Throughout this latest bubble real wages stagnated and or receded as the ticklers kept more and more for themselves
Bottom line, trickle down is a lie. It's based on lies and it's furthered by some of the greediest liars the dev il ever crapped out his but t.
Time yo put it where it belongs as an economic theory.... oblivion.
oops ..........
Tell this to the rightwingers, please. They think money acutally trickles-down. We see that's not the case, cause during the Bush administration, all the money went to the top, and look where it got us.
That would go against their fact-free credo.
Just think what mortgage relief would have done!!!!!!!!!!! Or a cap on usurious Credit Card interest rates!!!!!
Duh!?!?!!!!
I've been saying that for years. Apparently common sense is not that common.
Lower taxes for low income people would have the same effect. Taxes can be increased for the rich to pay for the lowering of taxes for the poor, and to compensate the rich will earn more through increased consumer spending. Everybody wins!
Does someone who makes $5.85 per hour pay taxes?
uh yeah
Sales tax, gas tax, personal property tax, cigarette tax, alcohol tax, tax on unemployment benefits, FICA / social security tax, unemployment benefit tax, telephone tax, toll road and vehicle fees...the
The list of taxes we pay is like Bubba reciting shrimp recipes.
The economy won't improve until people are paid a "living" wage. And that's not $5.85 an hour. It should be at least $14.00 an hour and $21.00 an hour in California. I AM NOT KIDDING> This is one of the reasons why there is so much debt in this country. And why people here are being worked to death in two or three jobs with both the husband and wife working. But hey, the CEO's are taking home their $20 million severence packages.
The wealthy don't care. They've got their own...
So, why do so many people attack the auto workers?
Because they are GOPers.
And the conservajerks are constantly screaming about how paying workers a decent wage is bad for bidness without realizing that when people have no money there will be no business.
When you force businesses to pay more, they tend to hire less. Most people do not work for rich people they work for small businesses.
In 2004, there were an estimated 23,974,500 businesses in the U.S. Of the 5,683,700 firms with employees, 5,666,600 were small firms.
http://usg
Oregon: 12.1 percent unemployment: Pinning blame on the minimum wage.
http://www
Oregon's 12.1% Unemployment, 2nd Highest in US: Is The $8.40 Per Hour Minimum Wage to Blame?
http://mjp
Paid-for canard, Huero. B.S.
The study disproved that so why keep bringing it up? Unemployment vs min wage that is.
what? the low income folks have a high propensity to spend marginal income?
econ101
When you finish your econ degree, maybe you can tell me how anyone can have "marginal" income on $5.85 an hour. If you are working poor, you spend ALL of your income just trying to stay housed and fed - never mind health care, dental, glasses, a pet (marginal, or totally frivilous? despit the fact that people with pets are healthier and live longer), or gaud forbid a serious medical condition, a family member in distress, an accident cause by someone else, a car repair, tires, decent clothing for an interview for a better job, continuing education, or maybe just one night every few months to have a tiny bit of fun. Oh, forget kids - those thing are expensive!
Exactly! Of course every bit of the rise in a minimum wage goes right back into the economy because when the working poor get a raise these people go nuts and start doing things like...buy
Here's some other crazy stuff that happens when you raise the minimum wage - people start to work at jobs that are ON THE BOOKS, rather than augmenting their household income with under the table earnings. A low minimum wage just forces more economy underground which is bad for the tax base and unfair to those of us playing by the regular rules.
Enough griping from the 'poor' business owners. My friends who own businesses pay living wages - 2-4 times minimum. It's good business to train and retain good people, and it's the right thing to do. And yes, it means the business owner gets rich less fast. Anyone whose business model requires workers to be exploited is either greed or a poor business person. No matter what, they should be disgraced.
amen, luz.
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First Posted: 05-28-09 07:05 PM | Updated: 05-28-09 07:09 PM