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  1. #1
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    $15/hr Minimum Wage -- Good of Bad?

    Is it a good idea to raise the minimum wage to $15/hr? The CBO doesn't think so:
    https://www.cbo.gov/system/files/202...nimum-Wage.pdf

  2. #2
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    Quote Originally Posted by catman View Post
    Is it a good idea to raise the minimum wage to $15/hr? The CBO doesn't think so:

    https://www.cbo.gov/system/files/202...nimum-Wage.pdf
    No it doesnít...

  3. #3
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    That document is interesting.

    It does include things debated here:
    - unemployment is expected to increase 1.4 million lost jobs
    - cost of goods is expected to increase
    - .9 million people no longer living in poverty
    - better health potential for low wage workers

    It also implies, to me anyhow, that it's a net positive. More reading to do though.

  4. #4
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    Surely a sign of the end times.

  5. #5
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    Quote Originally Posted by spliff(TONE) View Post
    Surely a sign of the end times.
    I'd run for the hills if they announced a universal health care plan.
    Quote Originally Posted by ChongInc. View Post
    Facts can be hypothetical.

  6. #6
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    Quote Originally Posted by catman View Post
    Is it a good idea to raise the minimum wage to $15/hr? The CBO doesn't think so:
    https://www.cbo.gov/system/files/202...nimum-Wage.pdf
    Thatís not remotely a conclusion reached by that study.

  7. #7
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    Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?


    Sent from my iPhone using Tapatalk

  8. #8
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    parts unknown
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    $15/hr Minimum Wage -- Good of Bad?

    Quote Originally Posted by Brewersfan255 View Post
    Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?


    Sent from my iPhone using Tapatalk
    No. It also doesnít help to only look at one side of the ledger 100% of the time, dismiss any study that disagrees with you, and champion anyone that agrees with you. What Iím saying there are positive and negatives. Also you are a partisan hack


    Sent from my iPhone using Tapatalk
    Last edited by ewing; 02-09-2021 at 09:07 AM.
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    Quote Originally Posted by Raps08-09 Champ View Post
    My dick is named 'Ewing'.

  9. #9
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    Sep 2006
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    Quote Originally Posted by Brewersfan255 View Post
    Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?
    No. But the oft stated idea behind the change is to improve the quality of the lives of the people who keep their jobs. The lost jobs is an accepted effect.

  10. #10
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    Quote Originally Posted by Scoots View Post
    No. But the oft stated idea behind the change is to improve the quality of the lives of the people who keep their jobs. The lost jobs is an accepted effect.
    The key for me is that it says it will lift nearly as many people out of poverty as who will lose jobs, the net wages effect will be +$300 billion to workers, and the majority of people who will lose their jobs are the young and uneducated.

  11. #11
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    Feb 2005
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    South Dakota
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    Quote Originally Posted by valade16 View Post
    The key for me is that it says it will lift nearly as many people out of poverty as who will lose jobs, the net wages effect will be +$300 billion to workers, and the majority of people who will lose their jobs are the young and uneducated.
    but are those numbers simply looking at the addition of dollars to existing minimum wage jobs?
    because that will not be the only wages effected...there would be a 'trickle up' effect
    gotta love 'referential' treatment

  12. #12
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    Quote Originally Posted by SiteWolf View Post
    but are those numbers simply looking at the addition of dollars to existing minimum wage jobs?
    because that will not be the only wages effected...there would be a 'trickle up' effect
    Look at the CBO report, it's pretty comprehensive. No wishful thinking, some bleak things to go with the positives.

  13. #13
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    Quote Originally Posted by Brewersfan255 View Post
    Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?


    Sent from my iPhone using Tapatalk
    1.4MM doesn't round up to 2MM, smart guy.

  14. #14
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    Quote Originally Posted by spliff(TONE) View Post
    1.4MM doesn't round up to 2MM, smart guy.
    If yours is one that is eliminated, you won't care that 1.4MM doesn't round up to 2MM.
    Losing this many jobs because costs are increased to businesses in a soft economy is not a good idea. The people that are hurt the worst by these job losses are those that need work the most -- unskilled, young people.

  15. #15
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    May 2007
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    Quote Originally Posted by catman View Post
    If yours is one that is eliminated, you won't care that 1.4MM doesn't round up to 2MM.
    Losing this many jobs because costs are increased to businesses in a soft economy is not a good idea. The people that are hurt the worst by these job losses are those that need work the most -- unskilled, young people.
    I care about not purposely distorting data regardless, big guy.

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