Raising the minimum wage doesn't decrease poverty rate

[herdfan429]

interestingn research paper coming out of San Francisco fed reserve researcher on how min wage won't really help those below poverty line
http://www.nbcnews.com/business/eco...w&hootPostID=d54005cf9aa5678fcc7e97e310e5f2b4

 

[NoMoreIdiots]

Wage means working. They want checks.

 

[extragreen]

Any form of decreasing poverty (that I can think of) other than raising the minimum wage will require higher taxes. You up for that?

 

[ohio herd]

Any form of decreasing poverty (that I can think of) other than raising the minimum wage will require higher taxes. You up for that?

EG I have said before I am okay with a slight increase phased in over a few years .The 10.10 an hour wage would get us back to early 80's levels if adjusted for inflation. However raising it to 15 would not be prudent.

 

[extragreen]

Anything less than $10.91 leaves us at less than 1968 purchasing level. I would accept $12 per hour provided the minimum wage employee would be given a minimum of a $.25 raise every 6 months until a minimum of $15 per hour was accomplished.

 

[herdfan429]

Extra once again what happens to the teachers salary that makes say 35k a year when little timmy that she teaches makes almost as much as she does as the stock boy at walmart

 

[extragreen]

Extra once again what happens to the teachers salary that makes say 35k a year when little timmy that she teaches makes almost as much as she does as the stock boy at walmart

I'll tell you exactly what happens. The guy stocking at walmart makes more money than he would have otherwise.

 

[herdfan429]

I'll tell you exactly what happens. The guy stocking at walmart makes more money than he would have otherwise.

And the teacher gets?

 

[NoMoreIdiots]

He just wants to declare bankruptcy, push the cabinet shed over the hill and rent it out as a trailer lot.

 

[extragreen]

And the teacher gets?

The teacher still makes more than the stock guy and gets a 3 month vacation.

 

[herdfan429]

The teacher still makes more than the stock guy and gets a 3 month vacation.

So you think a teacher should only be making about 4 grand more/year than a stock boy at walmart?

 

[extragreen]

So you think a teacher should only be making about 4 grand more/year than a stock boy at walmart?

You think a doctor should make less than a football player?

 

[herdfan429]

You think a doctor should make less than a football player?

No I dont. But apparently you think a stock boy should be paid the same as a teacher

 

[ohio herd]

Read this today wanted to share this in the discussion.
Meanwhile, increasing the minimum wage is an inefficient way to reduce poverty, according to a Fed research paper that comes amid a national clamor to hike pay for workers at the low end of the salary scale, CNBC reported.

David Neumark, visiting scholar at the San Francisco Fed, contends that raising the minimum wage has only limited benefits in the war against poverty, due in part because relatively few of those falling below the poverty line actually receive the wage.

Many of the benefits from raising the wage, a move already undertaken by multiple governments around the country as well as some big-name companies, tend to go to higher-income families, said Neumark, who also pointed to research that shows raising wages kills jobs through higher costs to employers. Neumark is a professor of economics and director of the Center for Economics and Public Policy at the University of California, Irvine.

"Setting a higher minimum wage seems like a natural way to help lift families out of poverty. However, minimum wages target individual workers with low wages, rather than families with low incomes," he wrote. "Other policies that directly address low family income, such as the earned income tax credit, are more effective at reducing poverty."

 

[ThunderCat98]

Any form of decreasing poverty (that I can think of) other than raising the minimum wage will require higher taxes. You up for that?

Or, I don't know, maybe they could WORK to better themselves and bring themselves out of poverty instead of waiting and relying on others to fix it for them. Of course requiring people to do that would drastically decrease the dems power base, so that's never going to happen

 

[extragreen]

No I dont. But apparently you think a stock boy should be paid the same as a teacher

Then let's dispense with the irrelevant details. The fact that you think a teacher should make x amount more than a stock guy makes zero difference, and could be debated for every single occupation on earth. There is zero moral or economical argument for this country to be in a condition to pay someone so little they have to rely on hand outs while working a full time job.

 

[extragreen]

Or, I don't know, maybe they could WORK to better themselves and bring themselves out of poverty instead of waiting and relying on others to fix it for them. Of course requiring people to do that would drastically decrease the dems power base, so that's never going to happen

People like you said things like that when industry was working 12 year olds 12-14 hours per day for nearly no pay and without the opportunity to go to school. Grow up.

 

[NoMoreIdiots]

Can't play the cabinet game in the big leagues. Only in little ole Lavalette. Therein lies the jealousy.

 

[herdfan429]

Then let's dispense with the irrelevant details. The fact that you think a teacher should make x amount more than a stock guy makes zero difference, and could be debated for every single occupation on earth. There is zero moral or economical argument for this country to be in a condition to pay someone so little they have to rely on hand outs while working a full time job.

The issue is you see the value of a stock boy and a teacher to be equal. They aren't. Would you pay yourself $16/hr while paying an apprentice who has no experience $15?

 

[extragreen]

The issue is you see the value of a stock boy and a teacher to be equal. They aren't. Would you pay yourself $16/hr while paying an apprentice who has no experience $15?

No, no. That's not the issue here. The issue is you see someone without a degree or without what YOU think is a skill, and consider them unworthy to make a reasonable wage.

 

[ohio herd]

No, no. That's not the issue here. The issue is you see someone without a degree or without what YOU think is a skill, and consider them unworthy to make a reasonable wage.

The skill normally makes way for the higher pay. Steve Jobs never had a degree but he started a company that helps millions daily. The guy who flips burgers provides a service but does not contribute the same value. Don't confuse peoples worth. Worth is determined by God. Value is determined by market forces . However, if you have a heart attack a skilled Cardiologist is better to operate on you than a fork lift driver. Here is another way of looking at it. Why are you willing to pay more for a steak at Texas Roadhouse than a Big Mac at McDonalds?

 

[NoMoreIdiots]

Value is determined by market forces .

Once we get rid of that, we can all live like thugs in slums. Even Out Wayne. Fever's on his way Out Wayne to sag all over the cabinet shop.

 

[extragreen]

The skill normally makes way for the higher pay. Steve Jobs never had a degree but he started a company that helps millions daily. The guy who flips burgers provides a service but does not contribute the same value. Don't confuse peoples worth. Worth is determined by God. Value is determined by market forces . However, if you have a heart attack a skilled Cardiologist is better to operate on you than a fork lift driver. Here is another way of looking at it. Why are you willing to pay more for a steak at Texas Roadhouse than a Big Mac at McDonalds?

Would you rather a $10 million per year pro QB operate on you than a $1 million per year Cardiologist? If not, don't attempt to convince me that the market knows anything about value. Here's a question for you...Why does anyone purchase a Big Mac at McDonalds rather than a steak at Texas Roadhouse?

 

[herdfan429]

No, no. That's not the issue here. The issue is you see someone without a degree or without what YOU think is a skill, and consider them unworthy to make a reasonable wage.

No no no. You think being a stock boy is a career. And seriously putting cans on a shelf isn't a freaking skill

 

[extragreen]

No no no. You think being a stock boy is a career. And seriously putting cans on a shelf isn't a freaking skill

No, I know that someone stocking shelves should get paid enough that we don't have to subsidize their wages. If stocking shelves isn't a skill, then it's ok with you if they stock the small cans of Cambell soup in the hardware dept and the large cans of soup in houseware.

 

[NoMoreIdiots]

LOL, I love reading this. What an idiot. I just wonder which relative he's bilking into keeping his cabinet shop afloat. No way he could do it alone. Too dumb.

 

[ThunderCat98]

Think greed's employees make the same thing he does? I'm going to say "no."

 

[ohio herd]

Would you rather a $10 million per year pro QB operate on you than a $1 million per year Cardiologist? If not, don't attempt to convince me that the market knows anything about value. Here's a question for you...Why does anyone purchase a Big Mac at McDonalds rather than a steak at Texas Roadhouse?

EG that makes no sense. I want someone to operate on me that is qualified. I will ask you. Do you want the million dollar Cardiologist to QB the Patriots or the 10 million dollar QB operate on you.

 

[extragreen]

EG that makes no sense. I want someone to operate on me that is qualified. I will ask you. Do you want the million dollar Cardiologist to QB the Patriots or the 10 million dollar QB operate on you.

You're the one that said the market determines value (importance, worth, or usefulness). What has more value then? Football or life? Your market cure-all is a fantasy. The market would still, to this day, call for child labor and the cheapest wages possible.

 

[extragreen]

Think greed's employees make the same thing he does? I'm going to say "no."

Point out if you can where someone is stating that all employees should make the same, or that employees should make more than their employer. Oh wait, you can't. Like I said, grow up.

 

[NoMoreIdiots]

Think greed's employees make the same thing he does? I'm going to say "no."

Oh come on, he gives all the proceeds to that cult. Well, after he sends in that $650 truck payment.

 

[herdfan429]

No, I know that someone stocking shelves should get paid enough that we don't have to subsidize their wages. If stocking shelves isn't a skill, then it's ok with you if they stock the small cans of Cambell soup in the hardware dept and the large cans of soup in houseware.

The majority of people making min wage aren't primary bread winners much less providing for a family. You FAIL to understand that. And once again it's not a skill to put a can of soup on a shelf. Hell its not a skill to put it in the right spot either.

 

[extragreen]

The majority of people making min wage aren't primary bread winners much less providing for a family. You FAIL to understand that. And once again it's not a skill to put a can of soup on a shelf. Hell its not a skill to put it in the right spot either.

You have a link to that breadwinner statistic? I know that slightly less than half of all minimum wage workers are 25 or older. No 25 year old or older should be making $7.25 an hour. None.

If it's not a skill, then let's have stockers put the products anywhere they please. Anytime someone does their job correctly, it's a skill.

 

[herdfan429]

You have a link to that breadwinner statistic? I know that slightly less than half of all minimum wage workers are 25 or older. No 25 year old or older should be making $7.25 an hour. None.

If it's not a skill, then let's have stockers put the products anywhere they please. Anytime someone does their job correctly, it's a skill.

Read the paper originally posted

 

[extragreen]

Read the paper originally posted

Already did. Don't see it in there.
Furthermore, your statement that "Raising the minimum wage doesn't decrease poverty rate" is false.

 

[trailherd]

Would you rather a $10 million per year pro QB operate on you than a $1 million per year Cardiologist? If not, don't attempt to convince me that the market knows anything about value. Here's a question for you...Why does anyone purchase a Big Mac at McDonalds rather than a steak at Texas Roadhouse?

You are an idiot, Tom Brady is employed in a closed monopoly and is the most valuable player in that monopoly. Close off the medical profession to only employ 60 or so cardiologists and find out how much they make. Until then, it is a terrible analogy.

 

[ohio herd]

You're the one that said the market determines value (importance, worth, or usefulness). What has more value then? Football or life? Your market cure-all is a fantasy. The market would still, to this day, call for child labor and the cheapest wages possible.

I did not say worth- God determines that. You assume that ever person will make their service available at the lowest denominator. The brain surgeon has years of education and piles of debt. He also has talent- not everyone can operate. Do you think the guys who delivers your children deserves no more than the woman who cuts your wife's hair? Please show me where their is child labor in the USA.I say the market drives up the value of scarce resources. Since not everyone can preform brain surgery only those qualified are allowed to do it. On the other hand, anyone can cut the grass. That's why one makes more than the other. In Economics we call it the division of labor. Say you are an Attorney. You cam earn say $200 an hour. Your Legal Secretary earns $20 an hour. Lets say you can type 100 words a minute and she can type 75. If you type your documents you can do it faster but you are losing income because now a 200 an hour employee is producing 20 dollar an hour work. Get it ?

 

[NoMoreIdiots]

He gets it and knows he's full of shit. Just like he was when he said he and his cabinet deck hands wouldn't shit their pants if Fever shuffled in.

 

[herdfan429]

Already did. Don't see it in there.
Furthermore, your statement that "Raising the minimum wage doesn't decrease poverty rate" is false.

It's was the first damn paragraph. Ok let me clarify. It's an inefficient way to lower poverty rate. But here is Forbes breakdown

http://www.forbes.com/sites/jeffrey...ve-been-told-about-the-minimum-wage-is-false/

 

[raleighherdfan]

The issue is you see the value of a stock boy and a teacher to be equal. They aren't. Would you pay yourself $16/hr while paying an apprentice who has no experience $15?

Greed, the hypocrite, will never answer this question.