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

To: Tenchusatsu who wrote (785951)	5/22/2014 1:54:18 PM
From: i-node	Read Replies (1) \| Respond to of 1586909

>> Personally, I don't think an increase in the minimum wage to something like $9.50/hour will have much of a negative effect, Not much, but some 100,000s of jobs would likely be lost immediately that might otherwise be delayed, and that could be important if you're in that group of people. The left's argument is, "Look how many more people would be helped!" What they don't seem to comprehend is that you have a few hundred thousand who lose their jobs entirely, while several million are "helped" temporarily, but only by a minuscule amount. If you're now making 7.50/hour and get a raise to 9.50/hour, you take home an extra $65 or so a week. But at the same time, you've got all these people who lose their jobs and go from $250/week to zero, and their hope for ever learning a working skill that will get them out of the hole they're in. It is pretty much an even money trade by the time you consider price increases that go along with it. A total waste of regulation.

To: Tenchusatsu who wrote (785951)	5/24/2014 3:13:08 PM
From: tejek	Read Replies (4) \| Respond to of 1586909

Ted, Harold Meyerson is making the classic mistake of equating correlation with causation. Many people in the comments section of his column pointed out the fallacies of his argument. Personally, I don't think an increase in the minimum wage to something like $9.50/hour will have much of a negative effect, but the left is calling for a $15/hour minimum, which is crazy. At that point, businesses will be forced to lay off workers because they cannot afford such a huge increase in labor costs. Wait. What left is calling for a $15 minimum wage? Workers are calling for a $15 minimum wage; not Obama and the Dems. The latter want a $10 min. wage. Not only that, but prices for just about everything will start rising. That will hurt the poor and middle class the most. Finally, I don't get the notion that, if someone is willing to work for less, that equals labor exploitation. Many people would love to have a job that pays something than no job, which is guaranteed to pay nothing. You know this attitude that one is lucky to be working is a page taken right from the Barons' playbook at the turn of the 20th century, and smacks of noblesse oblige. Its what led to the rise of unions. And let me point out that these jobs you think are so wonderful are exploitative shit. Just sayin'.