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Raising minimum wage actually increases job growth


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by tovarichpeter     💰tip   follow   2014 Jul 20, 10:14am  

Comments 1 - 13 of 13   

1   New Renter   2014 Jul 20, 10:35am  

Next up:

Raising minimum wage actually increases deflation!

2   Strategist   2014 Jul 20, 11:00am  

"New data show that the 13 states that raised the minimum wage this year are adding jobs at a faster pace than those that did not."

Let make $100.00 as the minimum wage and hiring will go through the roof.

3   Eman   2014 Jul 20, 11:01am  

Raising minimum wage actually increases inflation.

I LOVE IT!!!

4   mell   2014 Jul 20, 11:03am  

E-man says

Raising minimum wage actually increases inflation.

I LOVE IT!!!

At least you're honest about it ;)

5   Strategist   2014 Jul 20, 11:07am  

E-man says

Raising minimum wage actually increases inflation.

I LOVE IT!!!

Because you have fixed rates on your mortgages. Your dream would be 50% inflation rate.

6   Eman   2014 Jul 20, 11:08am  

mell says

E-man says

Raising minimum wage actually increases inflation.

I LOVE IT!!!

At least you're honest about it ;)

Thanks. Unlike others, it's always....do what I say, not what I do. LOL!!!

7   Eman   2014 Jul 20, 11:11am  

Strategist says

E-man says

Raising minimum wage actually increases inflation.

I LOVE IT!!!

Because you have fixed rates on your mortgages. Your dream would be 50% inflation rate.

It doesn't really matter actually. The increase in rents will more than enough to cover the debt service when inflation kicks in. Also, I'm only at 36% LTV on my portfolio so I should be alright.

8   Bellingham Bill   2014 Jul 20, 11:14am  

Strategist says

Let make $100.00 as the minimum wage and hiring will go through the roof.

http://www.logicallyfallacious.com/index.php/logical-fallacies/30-appeal-to-extremes

that's almost $2T of corporate profits on the table that labor is not getting.

is a very curious chart.

Blue is real wages, red is real non-wage income

See the squeeze?

Top 10% of the distribution are taking home 33% of the income (AGI) now.

This is bad, though of course conservatives celebrate it for some reason, the higher the better they think, or are told to think at least.

9   Bellingham Bill   2014 Jul 20, 11:16am  

E-man says

Raising minimum wage actually increases inflation.

funny thing is, so very few people get this.

At least Krugman said to effect 'no wage inflation, no inflation' not too long ago. Somebody gets it.

10   Bellingham Bill   2014 Jul 20, 11:23am  

Having said that, the minimum wage is a very blunt instrument that doesn't actually fix what's wrong with our economy.

Minimum wage is a rent-subsidy in disguise, and I have the chart to prove it:

BOHICA

11   Strategist   2014 Jul 20, 11:26am  

E-man says

Strategist says

E-man says

Raising minimum wage actually increases inflation.

I LOVE IT!!!

Because you have fixed rates on your mortgages. Your dream would be 50% inflation rate.

It doesn't really matter actually. The increase in rents will more than enough to cover the debt service when inflation kicks in. Also, I'm only at 36% LTV on my portfolio so I should be alright.

I would not even call that leverage. I know a lot of people would love to be in that situation.

12   Strategist   2014 Jul 20, 11:30am  

Bellingham Bill says

is a very curious chart.

Blue is real wages, red is real non-wage income

See the squeeze?

Top 10% of the distribution are taking home 33% of the income (AGI) now.

This is bad, though of course conservatives celebrate it for some reason, the higher the better they think, or are told to think at least.

Yes, I see it. It's due to record high stocks, and recovering real estate, while job growth is lagging.
The gap should widen over the next few years.

13   Strategist   2014 Jul 20, 11:33am  

PCGyver says

Strategist says

Let make $100.00 as the minimum wage and hiring will go through the roof.

Actually there is probably an upper bound to minimum wage where job growth would be negatively affected.

You know, you are so right. The jump in minimum wage won't do too much damage as it has lagged inflation. I would want a lower minimum wage for teenagers as that is the key to teenagers working, as opposed to committing crime.

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