SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (792340)6/28/2014 3:03:19 PM
From: koan  Read Replies (1) of 1577978
 
That is nonsense and not true.

<<
Me saying it doesn't make it true, but I have posted links innumerable times on this very thread summarizing the support for what I said.

Simply put, the most heavily researched area of labor economics is the minimum wage and the proof is conclusive: increased minimum wages hurt the working poor.

And the CBO said as much when it found increasing the minimum wage as Obama wanted to do would leave 500,000-1,000,000 jobless while providing minimal improvement in the circumstances of those benefiting from the minimum wage increase.

So, while your view may be that small wage increases for a few million are worth allowing 500,000-1,000,000 to become jobless, more rational people comprehend that leaving one person jobless is not better than marginal improvements in the wages of a few.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News