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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (770175)	2/19/2014 4:50:43 PM
From: J_F_Shepard	Read Replies (5) \| Respond to of 1574599

Answer this for me.......if 500K people are going to lose their jobs because their employers won't pay the extra bucks to raise the minimum wage, they will lose the production of those 500K and even more money from lost sales. If they don't lose production, then they didn't need those people anyway??? That would also suggest they would never grow their business cause they couldn't afford more people???

To: i-node who wrote (770175)	2/20/2014 2:13:08 AM
From: bentway	Respond to of 1574599

Effects of the $10.10 Option on Employment and Income Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3 percent, CBO projects (see the table below). As with any such estimates, however, the actual losses could be smaller or larger; in CBO’s assessment, there is about a two-thirds chance that the effect would be in the range between a very slight reduction in employment and a reduction in employment of 1.0 million workers cbo.gov get it from the source