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A few facts about the Minimum wage


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HALF OF ALL MINIMUM WAGE EARNERS ARE OVER THE AGE OF 25.

 

CEPR: Hiring Response To Minimum Wage Hikes "More Likely To Be Positive Than Negative." In a March 2011 report, the Center for Economic and Policy Research concluded that wage increases are more likely to result in more, rather than fewer, jobs:

 

 

Our estimated employment responses generally cluster near zero, and are more likely to be positive than negative. Few of our point estimates are precise enough to rule out either positive or negative employment effects, but statistically significant positive employment responses outnumber statistically significant negative elasticities.

 

CEPR: No "Discernible Impact" On Current Minimum-Wage Workforce From Increases. In a March 2011 report, the Center for Economic and Policy Research found that raising the minimum wage has no "discernible impact" on employment:

 

 

"The results for fast food, food services, retail, and low-wage establishments in San Francisco and Santa Fe support the view that a citywide minimum wages can raise the earnings of low-wage workers, without a discernible impact on their employment. Moreover, the lack of an employment response held for three full years after the implementation of the measures, allaying concerns that the shorter time periods examined in some of the earlier research on the minimum wage was not long enough to capture the true disemployment effects."

 

Multiple Studies Found Either No Effect On Employment Or An Increase In Employment Resulting From Minimum Wage Increases. From the Center for American Progress:

 

 

University of California, Berkeley, economist David Card and Princeton economist Alan Krueger's seminal study of the effect of the New Jersey 1992 minimum wage increase comparing fast food industry employment in New Jersey and Pennsylvania found no negative employment effect. In fact, it found stronger employment growth in New Jersey. While there was no national recession at the time, New Jersey's unemployment rate was 8.7 percent in parts of 1992.

 

Similarly, Lawrence F. Katz, a Harvard economist, and Alan Krueger studied fast food employment in Texas from 1990 to 1991 and found that employment slightly increased when the minimum wage was raised. The study included a 1990 minimum wage increase that occurred just before the 1990-1991 recession and a second increase that occurred just after the recession officially ended.

 

Moreover, David Card's study of the impacts on teen employment of the 1990 federal minimum wage increase using state-level data found no effect on teen employment. Most of the time period he studied included the 1990-1991 recession.

 

Researchers Found "No Employment Effects Of Minimum Wage Increases" In Adjacent Counties In Neighbor States With Differing Minimum Wages. In a 2010 peer-reviewed article, UC-Berkeley's Arindrajit Dube, T. William Lester, and Michael Reich found that higher minimum wages did not hurt employment in the restaurant industry, and argued that their results were likely to hold up in other employment sectors:

 

 

In this paper, we use a local identification strategy that takes advantage of all minimum wage differences between pairs of contiguous counties.

 

[...]

 

For cross-state contiguous counties, we find strong earnings effects and no employment effects of minimum wage increases.

 

[...]

 

This result suggests that minimum wage increases do raise the overall earnings at these jobs, although there may be differential effects by demographic groups due to labor-labor substitution.

 

[...]

 

This evidence suggests that our findings are relevant beyond the restaurant industry." [institute for Research on Labor and Employment, UC Berkeley, 11/30/10, via eScholarship.org]

 

FACT: Research Suggests Minimum Wage Increases Do Not Hurt Teen Employment

 

Economic Policy Institute: "The Warnings Of Massive Teen Job Loss Due To Minimum Wage Increases Simply Do Not Comport With The Evidence." In a November 25, 2009, post, the Economic Policy Institute found that teen employment is affected more by broad economic trends, like a recession, rather than changes in the minimum wage:

 

http://mediamatters.org/research/2013/02/15/the-minimum-wage-myths-amp-facts/192692

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Well burger king was supposed to be a summer job not a lifelong career why don,t you go out there and apply yourself be all you can be i mean seriously who strives to flip hamburgers their entire lives why i hear welfare pays better than that these day set your sight high and move like you got a purpose in life.

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Henry Ford paid his workers the highest wages of all industrialists so that

his workers could afford to purchase his cars.

Ford has been a huge success while 25 other greedy, selfish, low paying

azzhole employers have gone out of business.

 

This isn't rocket science. High wages means workers have extra funds

for discretionary spending. That leads to demand economics instead of

azzhole, greedy repukes' supply side economics which is a huge failure.

 

Discretionary spending and demand for other products means more jobs,

more factories, fewer people on welfare and food stamps.

 

ONly azzholes are against high wages, as high as possible.

managers and executives and shareholders who are greedy are pigs.

Bears make money, bulls make money, but pigs never make money.

 

repukes are pigs with their global economy, race to the bottom for the lowest

wages, union busting, new world order, accumulate wealth only with the rich

instead of sharing and spreading the wealth.

 

When the tide comes in, all boats big and small rise with the tide of

economic success.

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Henry Ford paid his workers the highest wages of all industrialists so that

his workers could afford to purchase his cars.

Ford has been a huge success while 25 other greedy, selfish, low paying

azzhole employers have gone out of business.

 

This isn't rocket science. High wages means workers have extra funds

for discretionary spending. That leads to demand economics instead of

azzhole, greedy repukes' supply side economics which is a huge failure.

 

Discretionary spending and demand for other products means more jobs,

more factories, fewer people on welfare and food stamps.

 

ONly azzholes are against high wages, as high as possible.

managers and executives and shareholders who are greedy are pigs.

Bears make money, bulls make money, but pigs never make money.

Nope, it's not rocket science, or even 8th grade level hard. Tells you something about the gullibility and mental laziness of our republican friends, doesn't it?

I posted hard facts, backed by credible sources, all the RW parrots can do is yell "Nuh-uh!".

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The actual percentage of MW workers in the workforce is so small that any increase in it would go unnoticed.

 

No skin off my nose, any cost increases in MW would be mainly paid by the MW workers themselves, so it is basically a wash.

 

You are an idiot. High wages means people can afford to buy your tires, probably at a higher

price and greater profit, dumbass.

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HALF OF ALL MINIMUM WAGE EARNERS ARE OVER THE AGE OF 25.

 

CEPR: Hiring Response To Minimum Wage Hikes "More Likely To Be Positive Than Negative." In a March 2011 report, the Center for Economic and Policy Research concluded that wage increases are more likely to result in more, rather than fewer, jobs:

 

 

Our estimated employment responses generally cluster near zero, and are more likely to be positive than negative. Few of our point estimates are precise enough to rule out either positive or negative employment effects, but statistically significant positive employment responses outnumber statistically significant negative elasticities.

 

CEPR: No "Discernible Impact" On Current Minimum-Wage Workforce From Increases. In a March 2011 report, the Center for Economic and Policy Research found that raising the minimum wage has no "discernible impact" on employment:

 

 

"The results for fast food, food services, retail, and low-wage establishments in San Francisco and Santa Fe support the view that a citywide minimum wages can raise the earnings of low-wage workers, without a discernible impact on their employment. Moreover, the lack of an employment response held for three full years after the implementation of the measures, allaying concerns that the shorter time periods examined in some of the earlier research on the minimum wage was not long enough to capture the true disemployment effects."

 

Multiple Studies Found Either No Effect On Employment Or An Increase In Employment Resulting From Minimum Wage Increases. From the Center for American Progress:

 

 

University of California, Berkeley, economist David Card and Princeton economist Alan Krueger's seminal study of the effect of the New Jersey 1992 minimum wage increase comparing fast food industry employment in New Jersey and Pennsylvania found no negative employment effect. In fact, it found stronger employment growth in New Jersey. While there was no national recession at the time, New Jersey's unemployment rate was 8.7 percent in parts of 1992.

 

Similarly, Lawrence F. Katz, a Harvard economist, and Alan Krueger studied fast food employment in Texas from 1990 to 1991 and found that employment slightly increased when the minimum wage was raised. The study included a 1990 minimum wage increase that occurred just before the 1990-1991 recession and a second increase that occurred just after the recession officially ended.

 

Moreover, David Card's study of the impacts on teen employment of the 1990 federal minimum wage increase using state-level data found no effect on teen employment. Most of the time period he studied included the 1990-1991 recession.

 

Researchers Found "No Employment Effects Of Minimum Wage Increases" In Adjacent Counties In Neighbor States With Differing Minimum Wages. In a 2010 peer-reviewed article, UC-Berkeley's Arindrajit Dube, T. William Lester, and Michael Reich found that higher minimum wages did not hurt employment in the restaurant industry, and argued that their results were likely to hold up in other employment sectors:

 

 

In this paper, we use a local identification strategy that takes advantage of all minimum wage differences between pairs of contiguous counties.

 

[...]

 

For cross-state contiguous counties, we find strong earnings effects and no employment effects of minimum wage increases.

 

[...]

 

This result suggests that minimum wage increases do raise the overall earnings at these jobs, although there may be differential effects by demographic groups due to labor-labor substitution.

 

[...]

 

This evidence suggests that our findings are relevant beyond the restaurant industry." [institute for Research on Labor and Employment, UC Berkeley, 11/30/10, via eScholarship.org]

 

FACT: Research Suggests Minimum Wage Increases Do Not Hurt Teen Employment

 

Economic Policy Institute: "The Warnings Of Massive Teen Job Loss Due To Minimum Wage Increases Simply Do Not Comport With The Evidence." In a November 25, 2009, post, the Economic Policy Institute found that teen employment is affected more by broad economic trends, like a recession, rather than changes in the minimum wage:

 

http://mediamatters.org/research/2013/02/15/the-minimum-wage-myths-amp-facts/192692

 

 

 

Facts?....from a progressive website?...what planet do you live on?

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Multiple Studies Found Either No Effect On Employment Or An Increase In Employment Resulting From Minimum Wage Increases. From the Center for American Progress:

 

Why would anyone pay the slightest attention to that deceitful wackjob left source?

 

85% of studies observe that raising the minimum wage destroys jobs.

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That just dont make no sense noiw how is they gonna pay they worker more than the product is worth and let me get this straight now they gonna buy your product back what was the gain its like those government workers an absolute drain nothing gained dude you gotta be kidding me.

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And the OP did not even touch on the immorality and lack of good values

that greedy azzhole repukes and corporate managers have in wanting to

have economic slaves just like the original azzholes brought slaves to this

country and still hire mexican slave laborers today.

 

repukes are immoral azzholes. Jesus has a special place in hell for them.

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And the OP did not even touch on the immorality and lack of good values

that greedy azzhole repukes and corporate managers have in wanting to

have economic slaves just like the original azzholes brought slaves to this

country and still hire mexican slave laborers today.

 

repukes are immoral azzholes. Jesus has a special place in hell for them.

yeah it aint nobody elses or the taxpayers fault your dumbass is a sorry loser and will not apply himself to his full potential now cry me a river and shut the fuck up you pussy.
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Rich responds with moonbat declarations, devoid of backup or sense. Standard Richclem moonbat stupidity.

 

yeah it aint nobody elses or the taxpayers fault your dumbass is a sorry loser and will not apply himself to his full potential now cry me a river and shut the fuck up you pussy.

Look, you've already gotten your bunghole reamed out here repeatedly today, I suggest you take your special-needs brain and close the computer, then watch cartoons on TV...you'll learn more.

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Rich responds with moonbat declarations, devoid of backup or sense. Standard Richclem moonbat stupidity.

seriously after reading several of your posts i think moonbat is putting it lightly you see he being nice there cutting you a break you should be thankful he is a man of true compassion.
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yeah it aint nobody elses or the taxpayers fault your dumbass is a sorry loser and will not apply himself to his full potential now cry me a river and shut the fuck up you pussy.

I had my own business for 35 years, azzhole.

 

Paying good wages and having good benefits for workers just makes good

common sense from a broad and long view.

 

Get back with us when you have done something with your worthless life

besides being a parasite off of your parents.

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Done with ya, retard.

what a loser if i done outshined you sonny boy something is seriously wrong well go crying to your mama cause aint nobody here pay no never mind.

 

 

 

yeah it aint nobody elses or the taxpayers fault your dumbass is a sorry loser and will not apply himself to his full potential now cry me a river and shut the fuck up you pussy.

I had my own business for 35 years, azzhole.

 

Paying good wages and having good benefits for workers just makes good

common sense from a broad and long view.

 

Get back with us when you have done something with your worthless life

besides being a parasite off of your parents.

so if you sosuccessful and got all this money why is you whinning on a message board about how unfair it is me thinks you full of it.
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University of California, Berkeley, economist David Card and Princeton economist Alan Krueger's seminal study of the effect of the New Jersey 1992 minimum wage increase comparing fast food industry employment in New Jersey and Pennsylvania found no negative employment effect. In fact, it found stronger employment growth in New Jersey. While there was no national recession at the time, New Jersey's unemployment rate was 8.7 percent in parts of 1992.

Similarly, Lawrence F. Katz, a Harvard economist, and Alan Krueger studied fast food employment in Texas from 1990 to 1991 and found that employment slightly increased when the minimum wage was raised. The study included a 1990 minimum wage increase that occurred just before the 1990-1991 recession and a second increase that occurred just after the recession officially ended.

Moreover, David Card's study of the impacts on teen employment of the 1990 federal minimum wage increase using state-level data found no effect on teen employment. Most of the time period he studied included the 1990-1991 recession.

You are citing Card and Krueger?!?!? Lol... Link1.

 

Card and Krueger purportedly debunked the decades-long economic consensus that raising the minimum wage reduces employment, claiming that a 1992 minimum wage increase in New Jersey raised employment. To this day, the study is still showered with superlatives like "groundbreaking" by well-wishers at NELP.

 

But missing from that re-telling is the story's ending: Card and Krueger's headline-grabbing finding -- that raising the minimum wage had increased employment -- was discredited by another study that found serious problems with the quality of their data.

Key questions in the data collection process were so ambiguous that Card and Krueger reported some fast-food locations changing from zero full-time employees to 29 in less than a year; others reported a dramatic drop in part-time employees, from 60 people down to 15.

 

When actual payroll data was analyzed by economists Neumark and Wascher, the results flipped: far from boosting employment, the mandated wage increase in New Jersey had decreased employment -- just as standard economic theory would predict. That the New Jersey study was an outlier has become even more apparent in the years since: 85 percent of the most credible studies on the subject in the past two decades have pointed to job loss following an increase in the minimum wage.

 

Link2

 

In the early 1990s, after a telephone survey of 410 fast-food restaurants in New Jersey and Pennsylvania, economists David Card and Alan B. Krueger challenged the consensus view that higher minimum wages shrink employment opportunities. Their results appeared to demonstrate that a minimum wage increase resulted in increased employment.12 Because telephone survey data are notoriously prone to measurement error, Neumark and Wascher repeated Card and Krueger’s analysis using payroll records from a similar sample of restaurants over the same time period. The results from the payroll data showed that “the minimum-wage increase led to a decline in employment in New Jersey fast food restaurants relative to the Pennsylvania control group.”13 After an extended academic debate, Card and Krueger retreated from their earlier position, writing that “the increase in New Jersey’s minimum wage probably had no effect on total employment in New Jersey’s fast-food industry, and possibly had a small positive effect.”14

 

 

 

Sometimes you make it too damn easy to humiliate you, drano...



This isn't rocket science. High wages means workers have extra funds

for discretionary spending. That leads to demand economics instead of

azzhole, greedy repukes' supply side economics which is a huge failure.

 

Discretionary spending and demand for other products means more jobs,

more factories, fewer people on welfare and food stamps.

Since just passing a moronic minimum wage law does not magically conjure wealth out of thin air, where is all the extra money supposed to come from to fund all this increased "discretionary spending"?

 

I keep on asking and asking and asking this simple question, and none of you libs are ever able to give a rational answer for some strange reason...

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People seem confused as to the purpose of minimum wage. It's not supposed to be something you support a family on. If you're an adult making minimum wage you should probably be living with your parents. If you're making minimum wage and you have children you should probably put those kids up for adoption. You can't pay rent, bills, and feed yourself on minimum wage, and that was never its intention.

 

 

 

For the day they were skilled workers. Can't compare a skilled worker to a high school dropout with no skills.

No dumbass, his assembly lines were primitive compared to the complexity of car lines, today.

And today, workers are cross trained.

He clearly said "For the day..." willy, and the comparison was to today's minimum wage jobs, not auto assembly jobs.

 

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wages are about supply and demand. the worker is a commodity. who will do the most work for the least amount of money. the fact that so many Americans is a direct result of poor choices on the individual. dropping out of school, having kids at an early age, complacency and laziness. there are thousands of opportunities for people to make a lot more than minimum wage. My son has been working since he was 13, he graduates college in a few weeks. All of his summer jobs paid more than minimum wage. So, if a college kid can find work for 12-15/hr doing minimal skilled kitchen work what is the excuse of these losers you cite in your post?

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Henry Ford paid his workers the highest wages of all industrialists so that

his workers could afford to purchase his cars.

Ford has been a huge success while 25 other greedy, selfish, low paying

azzhole employers have gone out of business.

 

This isn't rocket science. High wages means workers have extra funds

for discretionary spending. That leads to demand economics instead of

azzhole, greedy repukes' supply side economics which is a huge failure.

 

Discretionary spending and demand for other products means more jobs,

more factories, fewer people on welfare and food stamps.

 

ONly azzholes are against high wages, as high as possible.

managers and executives and shareholders who are greedy are pigs.

Bears make money, bulls make money, but pigs never make money.

 

repukes are pigs with their global economy, race to the bottom for the lowest

wages, union busting, new world order, accumulate wealth only with the rich

instead of sharing and spreading the wealth.

 

When the tide comes in, all boats big and small rise with the tide of

economic success.

 

Where the fuck do you idiots get this imagine of Ford being some hero of the middle class?

 

He paid high wages because he had to hire 1000 people to fill 100 open spots on his payroll. NO ONE wanted to work for him, and those that stayed did so only for the pay. What do you think an employer who HAD to work Sunday would have to pay his employees in a Bible thumper town? Would that business owner be a saint or simply living in reality?

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Henry Ford paid his workers the highest wages of all industrialists so that

his workers could afford to purchase his cars.

Ford has been a huge success while 25 other greedy, selfish, low paying

azzhole employers have gone out of business.

 

This isn't rocket science. High wages means workers have extra funds

for discretionary spending. That leads to demand economics instead of

azzhole, greedy repukes' supply side economics which is a huge failure.

 

Discretionary spending and demand for other products means more jobs,

more factories, fewer people on welfare and food stamps.

 

ONly azzholes are against high wages, as high as possible.

managers and executives and shareholders who are greedy are pigs.

Bears make money, bulls make money, but pigs never make money.

 

repukes are pigs with their global economy, race to the bottom for the lowest

wages, union busting, new world order, accumulate wealth only with the rich

instead of sharing and spreading the wealth.

 

When the tide comes in, all boats big and small rise with the tide of

economic success.

Good example of Ford, the only car company that refused an Obama bailout!

My next car will be a Ford!

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