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

To: tejek who wrote (860078)	5/26/2015 3:08:23 PM
From: joseffy	Respond to of 1574102

Obama cannot be trusted. He is willing to sell Israel down the river to secure his own legacy as a “peacemaker.”

To: tejek who wrote (860078)	5/26/2015 3:09:43 PM
From: joseffy	1 Recommendation Recommended By FJB Respond to of 1574102

A Genocide of Christians is Underway - and the West Sleeps ...................................................................... Arutz Sheva ^ \| 5-22-15 \| Giulio Meotti

To: tejek who wrote (860078)	5/26/2015 3:14:07 PM
From: joseffy	1 Recommendation Recommended By FJB Respond to of 1574102

Jonathan Gruber Glaringly Absent From NYT Article on Obamacare Wording 'Mistake' .......................................................................... NewsBusters ^ \| May 25, 2015 \| P.J. Gladnick

To: tejek who wrote (860078)	5/26/2015 3:20:56 PM
From: i-node	Read Replies (1) \| Respond to of 1574102

>> Give me a credible study from a non winger think tank, and you might convince me. So, what you're saying, is find liberals who believe the minimum wage will hurt the employment prospects of low-skilled workers? How about Bill Gates (who appears to understand things perfectly): “Well, jobs are a great thing. So you have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution, and you’re going to go buy machines and automate things — or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.” cnsnews.com Other Seattle liberals comment: Restaurant owner John Platt, described by the Times as a “liberal do-gooder” who routinely feeds the homeless, volunteers at public schools and organizes fundraisers for environmental causes, offers a stronger opinion of Seattle’s proposed $15 minimum wage. Calling such a wage “outlandish” and “radical,” Platt told the Times he would be forced to either close his business or eliminate the health coverage he currently provides. Platt said the wage movement is becoming “cultlike,” with dissenters, regardless of their liberal resume, being attacked for being “too rich” or “exploiting the working poor.” Bill Hobson is director of Seattle’s nonprofit Downtown Emergency Service Center. He says a $15 minimum wage would be devastating to his organization’s efforts to help the homeless. Calling himself a “1960s radical,” Hobson told the Times he supports the idea of such a high wage, but he simply cannot pay an additional $1.25 million to the 520 full-time employees who work for the Center. A $15 wage would force him to cut services, which include providing shelter, care and counseling to the city’s thousands of homeless people.

To: tejek who wrote (860078)	5/29/2015 9:47:06 AM
From: TimF	Read Replies (1) \| Respond to of 1574102

Message 29319109 econweb.ucsd.edu or for a quick summary of that last link - --- An increase in the federal minimum wage killed jobs during the Great Recession, according to a new study from the National Bureau of Economic Research. From December 2006 through December 2012, increases in the minimum wage caused the national employment-population ratio to decline by about 0.7 percentage points. In 2007, Congress passed the Fair Minimum Wage Act with bipartisan support. Eighty-two Republicans in the House voted in favor, as did 45 of the 49 Republican senators. The federal hourly minimum wage rose from $5.15 to $5.85 in July 2007 to $6.55 in July 2008, and reached the present level of $7.25 in July 2009. Some states were not affected by the federal increase because they had already set their own minimum wages higher than the federal level. According to the study, the unemployment rate for low-skill workers in the affected states dropped by 6 percentage points more than in unaffected states. Average annual incomes fell by more than $1,800 for low-skill workers in the affected states. washingtonexaminer.com Of course that's after already having a minimum wage, missing out on all the people who were prices out of jobs at the old minimum wage " Employers in the U.S. have now had 76 years to adjust to the existence of this regulation that makes unprofitable the hiring of the lowest-skilled workers. One result is that business and labor practices that would have employed legions of low-skilled workers in the absence of a minimum wage were either long ago snuffed out or never created. Empirical studies today, therefore, can at best detect only changes in employment at existing firms that use existing business practices – firms and practices that, having evolved in an economic environment with a minimum wage, were never suited to employ as many low-skilled workers as would be employed by businesses that evolved in an environment without a minimum wage. Raising the existing minimum wage does indeed destroy some jobs. But even the most accurate measurements of today’s job destruction offer no clue to the full magnitude of the vast amount of economic opportunities that the minimum wage denies to the poor and unskilled." cafehayek.com And there is the CBO estimate cbo.gov For $9.00 an hour, the CBO's estimated range was "a very slight increase" to a loss of 200,000 jobs, with the central tendency being a loss of 100,000 jobs. For $10.10 an hour, the CBO's estimated range was "a very slight decrease" to a loss of 1,000,000 jobs, with the central tendency being a loss of 500,000 jobs. Presumably for $15/hour the loss estimate would be much higher but they didn't analyze that possibility. The standard view seems to be something along the lines of a 1 to 3% reduction in employment for low skilled workers for each 10% increase in the minimum wage. That's a simplification because the actual response depends on the situation of the economy, and the new and old level of the minimum wage, not just the percentage increase, but its a decent ballpark first estimate. One can believe that and still support an increase in the minimum, if (unlike me) you have no problem with the increasing government control, and if you think 10% extra for 97% to 99% (or perhaps much less, when you consider some won't lose jobs, but will lose hours or benefits or schedule flexibility) is worth unemployment for 1 to 3% of the least compensated employees.