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joether -> RE: Raise the Mininal Wage to $15/hour (7/29/2015 1:23:35 AM)
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quote:
ORIGINAL: bounty44
"Shocker: Minimum Wage Hikes Gutted Over 700,000 Jobs In 2013"
quote:
Are liberals better at economics or are they just more adept at selling ideas that drive purely on emotion? Increasing the minimum wage is a perfect example...alas, liberal intransigence and stubbornness on this issue has resulted in over 700,000 jobs being cut over the past couple years...
Piggybacking off Daniel’s post last week, Seattle’s progressives have seen their minimum wage increase blow up in their faces. Workers are now demanding fewer hours. Why? The city’s $15 minimum wage law means that they’re ineligible for other welfare services. So, the burden of the law falls entirely on the employer, with the employees wanting to work less so they can remain on the government programs. It is laziness or just immaturity; that being you have to pay more in taxes and are ineligible for certain programs once you start making more money? That’s a debate for another time.
The American Action Forum has provided an analysis of the minimum wage and other economic policies from the Obama administration, which was supposedly meant to help the middle class. Spoiler alert: it hasn’t:
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In 2013 High Minimum Wages Cost 747,700 Jobs: In 2013 a $1 increase in the minimum wage was associated with a 1.48 percent increase in the unemployment rate, which amounted to 747,700 jobs. States with minimum wages above the federal standard are lagging behind their counterparts by a full percentage point. The increases will lead to fewer jobs for those who need them the most.
The jobs lost from minimum wage hikes are almost entirely low-wage jobs.
According to a study by Jeffrey Clemens and Michael Wither from the University of California San Diego, the last time the federal minimum wage increased (from $5.15 to $7.25), employment among those earning less than $7.50 decreased by 8% nationally. That amounted to 1.7 million fewer jobs. As a result, average monthly income fell by $100. Read more here for fascinating data on its effect on mobility, poverty, and unpaid work.
The Affordable Care Act has reshaped American healthcare and affected the middle class, but not in a positive way financially.
Small businesses have been some of the hardest hit. AAF research found that Obamacare has reduced the wages of small business workers (offices with 20-99 employees) by $22.6 billion annually and cost those small businesses 350,000 jobs. [left this part in just for you comrade penguin]
The ACA has also led to workers’ hours being cut. As Nate Silver’s 538 site wrote this past January, “the evidence suggests [the Affordable Care Act] has led some employers to limit the hours of workers who were already part-time, effectively giving a pay cut to some of the most vulnerable Americans.”
Welcome to Obama’s America
http://townhall.com/tipsheet/mattvespa/2015/07/26/shocker-minimum-wage-hikes-gutted-over-700000-jobs-in-2013-n2030568
Spinning a great tale. Unfortunately its not true. Yes, using 'semi-truth' is not the same as the 'total truth'.
2013 marked the 'end' of the recession in the states. It was not an easy road back to 'stable and growing' in most of the industries. It would have recovered just two years earlier had the GOP/TP agreed to another year of the ARRA of 2009. But the GOP/TP was to busy scoring political points to give a shit about the average American.
The article assumes that if 'A' rises', 'B' must decrease. Even thought 'A' and 'B' are not directly related. While they may share concepts, there is nothing that stated they are in the same grouping. For instance, an orange and a picture of an orange, look similar. They have similar qualities. But only one of them is edible. An increase to the minimum wage does not have any direct, economic change to the unemployment rate. The unemployment rate could have decreased due to several other factors, to which the author of the article is not taking into consideration.
But I can understand a right-wing 'news' organization trying to push a political agenda onto an audience that knows very little about the concepts being talked about. They need advertisers to help pay the bills. So they offer up juice bits of information and string them together with faint pieces of facts. Fear sells more to conservatives than it does to liberals. Ignorance of social and financial models has not been a conservative's strong skills for a while now.
The ACA works and its better than 'going without it'. But you'll never understand that, because you never read the law. The article cites information from the AAF. Who is the AAF? The American Action Forum. A right-wing operation that manipulates numbers and massages data to fit a political agenda. And that organization has been debunked on many of its publications already. Debunked not by President Obama, or Democrats, but by journalists and researchers. The folks the AAF is not targeting, because they often don't accept things coming from right-wingers at face value. And its a good thing, as the numbers have been bogus on every level. I'm sure the 'data' from this article is bogus if I study it long enough....
According to the Small Business Association and many other organizations in business, the ACA has actually helped small business folks in many ways. However, you are not aware of what 'a small business' means to the SBA. For example Wal-Mart started out with about $50 million in assets and three stores. To most people having $50 million is not a small business, but a decent sized fortune! That is because 'small business' in the US Government is defined much different from '6th grader' understanding of the concept.
Many small business owners actually wanted something like the ACA for decades. Often their employees were their friends. And it really caused frustration when their friend was injured or developed a harmful illness. Either they paid steep insurance prices or 'go without it', many small business owners had to 'do without'. Under the ACA, those employees can be covered without costing the business owner to much. I've heard some business owners off-setting the care plan by some or all for the employee.
Likewise, employers cutting wages or hours, is not a direct result of the ACA, but, just a convenient excuse. Go figure that there are unscrupulous asshole managers whom vote Republican. By cutting hours, they believe they are fighting the President and the ACA. What they are really doing is simply paying more in taxes to help those employees get by through various welfare programs.
Because if the point of getting a better job than minimal wage is to get out of poverty; why is it there are Americans busting their chops at $13/hour and STILL living under the federal poverty level? I 'get' that you hate President Obama, the Democrats and liberals. Should Americans suffer financially because of your hatred?
Of course, because you like others are....still....trying to find the moral justification to be a selfish asshole! An failing all the time!
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